|
Results
10-Nov-21
|
|
|
|
|
Analysis
|
|
Mishra Dhatu Nigam
|
PBT up 2%
|
|
|
Mishra
Dhatu Nigam consolidated net sales increased 14.75% to Rs 187.92 crore in
Q2FY22 compared to Q2FY21. Operating profit margin has declined from 30.46% to
27.60%, leading to 3.95% rise in operating profit to Rs 51.86 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 30.05% to 27.36%. Employee cost decreased
from 16.03% to 14.49%. Other expenses rose from 26.66% to 34.09%.
Other
income fell 46.15% to Rs 2.1 crore.
PBIDT rose 0.32% to Rs 53.96 crore.
Provision for interest fell 41.18% to Rs 1.6 crore. PBDT rose 2.53% to Rs 52.36 crore. Provision for depreciation rose 4.46% to Rs
7.02 crore.
Profit
before tax grew 2.23% to Rs 45.34 crore.
Provision for tax was expense of Rs 11.71 crore, compared to Rs 11.78
crore. Effective tax rate was 25.65%
compared to 26.59%.
Net
profit attributable to owners of the company increased 4.37% to Rs 33.94
crore.
Equity
capital stood at Rs 187.34 crore as of 30 September 2021 to Rs 187.34 crore as
of 30 September 2020. Per share face
Value remained same at Rs 10.00.
Promoters’
stake was 74.00% as of 30 September 2021 compared to 74.00% as of 30 September
2020.
For year-to-date
(YTD) results analysis
Net
sales of Mishra Dhatu Nigam have increased 8.92% to Rs 301.98 crore. Operating profit margin has jumped from
20.10% to 25.63%, leading to 38.89% rise in operating profit to Rs 77.39
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 26.05% to 25.93%. Employee cost decreased from 20.91% to
17.79%. Other expenses rose from 32.49% to 33.51%.
Other
income rose 38.49% to Rs 10.29 crore. PBIDT rose 38.84% to Rs 87.68 crore. Provision
for interest fell 42.08% to Rs 3.4 crore. PBDT rose 47.14% to Rs 84.28
crore. Provision for depreciation rose
3.89% to Rs 13.88 crore.
Profit
before tax grew 60.29% to Rs 70.40 crore. Provision for tax was expense of Rs
17.96 crore, compared to Rs 12.27 crore.
Effective tax rate was 25.44% compared to 27.98%.
Net
profit attributable to owners of the company increased 66.66% to Rs 52.63
crore.
Full year results
analysis
Net
sales of Mishra Dhatu Nigam have increased 14.08% to Rs 813.23 crore. Operating profit margin has jumped from
27.73% to 30.16%, leading to 24.07% rise in operating profit to Rs 245.26
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 38.82% to 22.04%. Employee cost increased from 12.73% to
15.68%. Other expenses rose from 28.07%
to 30.49%.
Other
income fell 45.58% to Rs 19.83 crore.
PBIDT rose 13.23% to Rs 265.09 crore.
Provision for interest rose 102.70% to Rs 12 crore. Loan funds rose to Rs 160.44 crore as of 31
March 2021 from Rs 133.63 crore as of 31 March 2020. Inventories declined from Rs 910.50 crore as
of 31 March 2020 to Rs 800.84 crore as of 31 March 2021. Sundry debtors were higher at Rs 386.14 crore
as of 31 March 2021 compared to Rs 297.40 crore as of 31 March 2020. Cash and bank balance declined from Rs 110.90
crore as of 31 March 2020 to Rs 93.95 crore as of 31 March 2021. Investments rose to Rs 20.60 crore as of 31
March 2021 from Rs 20.47 crore as of 31 March 2020 .
PBDT
rose 10.91% to Rs 253.09 crore. Provision
for depreciation rose 3.41% to Rs 27 crore.
Fixed assets increased to Rs 976.60 crore as of 31 March 2021 from Rs
844.53 crore as of 31 March 2020.
Intangible assets increased from Rs 1.04 crore to Rs 1.06 crore.
Profit
before tax grew 11.88% to Rs 226.09 crore.
Provision for tax was expense of Rs 59.8 crore, compared to Rs 42.35
crore. Effective tax rate was 26.43%
compared to 21.13%.
Net
profit attributable to owners of the company increased 5.26% to Rs 166.42
crore.
Cash
flow from operating activities decreased to Rs 175.88 crore for year ended
March 2021 from Rs 204.44 crore for year ended March 2020. Cash flow used in acquiring fixed assets
during the year ended March 2021 stood at Rs 159.25 crore, compared to Rs
271.69 crore during the year ended March 2020.
The
scrip is currently trading at Rs 196
Mishra Dhatu Nigam :
Consolidated Results
|
Particulars
|
2109 (03)
|
2009 (03)
|
Var.(%)
|
2109 (06)
|
2009 (06)
|
Var.(%)
|
2103 (12)
|
2003 (12)
|
Var.(%)
|
Net Sales
|
187.92
|
163.77
|
15
|
301.98
|
277.26
|
9
|
813.23
|
712.88
|
14
|
OPM (%)
|
27.6
|
30.5
|
|
25.6
|
20.1
|
|
30.2
|
27.7
|
|
OP
|
51.86
|
49.89
|
4
|
77.39
|
55.72
|
39
|
245.26
|
197.68
|
24
|
Other Inc.
|
2.1
|
3.9
|
-46
|
10.29
|
7.43
|
38
|
19.83
|
36.44
|
-46
|
PBIDT
|
53.96
|
53.79
|
0
|
87.68
|
63.15
|
39
|
265.09
|
234.12
|
13
|
Interest
|
1.6
|
2.72
|
-41
|
3.4
|
5.87
|
-42
|
12
|
5.92
|
103
|
PBDT
|
52.36
|
51.07
|
3
|
84.28
|
57.28
|
47
|
253.09
|
228.2
|
11
|
Depreciation
|
7.02
|
6.72
|
4
|
13.88
|
13.36
|
4
|
27
|
26.11
|
3
|
PBT
|
45.34
|
44.35
|
2
|
70.4
|
43.92
|
60
|
226.09
|
202.09
|
12
|
Share of Profit/(Loss)
from Associates
|
0.31
|
-0.05
|
LP
|
0.19
|
-0.07
|
LP
|
0.13
|
-1.63
|
LP
|
PBT before EO
|
45.65
|
44.3
|
3
|
70.59
|
43.85
|
61
|
226.22
|
200.46
|
13
|
EO Income
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
-
|
PBT after EO
|
45.65
|
44.3
|
3
|
70.59
|
43.85
|
61
|
226.22
|
200.46
|
13
|
Taxation
|
11.71
|
11.78
|
-1
|
17.96
|
12.27
|
46
|
59.8
|
42.35
|
41
|
PAT
|
33.94
|
32.52
|
4
|
52.63
|
31.58
|
67
|
166.42
|
158.11
|
5
|
Minority Interest (MI)
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
-
|
Net profit
|
33.94
|
32.52
|
4
|
52.63
|
31.58
|
67
|
166.42
|
158.11
|
5
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
8.9
|
8.4
|
5
|
Notes
|
* EPS is on current
equity of Rs 187.34 crore, Face value of Rs 10, Excluding extraordinary
items.
|
# EPS is not
annualised
|
bps : Basis points
|
EO : Extraordinary
items
|
Figures in Rs crore
|
Source: Capitaline
Corporate Database
|
|
|
Previous News |
Mishra Dhatu Nigam consolidated net profit declines 0.97% in the September 2022 quarter
(
Results
-
Announcements
15-Nov-22
17:04
)
|
|
Mishra Dhatu Nigam consolidated net profit declines 30.06% in the March 2024 quarter
(
Results
-
Announcements
30-May-24
07:41
)
|
|
Mishra Dhatu Nigam schedules board meeting
(
Corporate News
-
07-Mar-22
14:38
)
|
|
Mishra Dhatu Nigam schedules board meeting
(
Corporate News
-
20-May-22
16:12
)
|
|
Mishra Dhatu Nigam wins order of Rs 285 cr
(
Corporate News
-
19-Aug-24
15:24
)
|
|
Mishra Dhatu Nigam to convene board meeting
(
Corporate News
-
02-Feb-24
14:37
)
|
|
Mishra Dhatu Nigam consolidated net profit declines 18.26% in the March 2023 quarter
(
Results
-
Announcements
26-May-23
07:40
)
|
|
Graphite India Ltd leads gainers in 'A' group
(
Hot Pursuit
-
22-Feb-24
12:00
)
|
|
Mishra Dhatu Nigam announces cessation of director
(
Corporate News
-
09-Oct-20
14:50
)
|
|
Volumes jump at Fortis Healthcare Ltd counter
(
Hot Pursuit
-
16-Jun-20
11:00
)
|
|
Mishra Dhatu Nigam adds 33% in five sessions
(
Hot Pursuit
-
19-Feb-20
12:52
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|