Declared Dividend • May 30
Dividend of ₹5.00 announced Shareholders will receive a dividend of ₹5.00. Ex-date: 2nd September 2026 Payment date: 9th October 2026 Dividend yield will be 0.4%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 29
Magna Electro Castings Limited, Annual General Meeting, Sep 09, 2026 Magna Electro Castings Limited, Annual General Meeting, Sep 09, 2026. Annonce • May 15
Magna Electro Castings Limited to Report Q4, 2026 Results on May 28, 2026 Magna Electro Castings Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,074, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 230% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹8.87 (vs ₹11.49 in 3Q 2025) Third quarter 2026 results: EPS: ₹8.87 (down from ₹11.49 in 3Q 2025). Revenue: ₹484.2m (up 12% from 3Q 2025). Net income: ₹37.5m (down 23% from 3Q 2025). Profit margin: 7.7% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹950, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 221% over the past three years. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹3.77b market cap, or US$41.7m). Annonce • Jan 22
Magna Electro Castings Limited to Report Q3, 2026 Results on Feb 10, 2026 Magna Electro Castings Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹12.78 (vs ₹15.87 in 2Q 2025) Second quarter 2026 results: EPS: ₹12.78 (down from ₹15.87 in 2Q 2025). Revenue: ₹528.1m (up 16% from 2Q 2025). Net income: ₹54.1m (down 19% from 2Q 2025). Profit margin: 10% (down from 15% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 24
Magna Electro Castings Limited to Report Q2, 2026 Results on Nov 13, 2025 Magna Electro Castings Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Annonce • Sep 05
Magna Electro Castings Limited Appoints Ajeya Vel Narayanaswamy as Whole-Time Director Designated as Executive Director Marketing Magna Electro Castings Limited at its AGM held on September 4, 2025, approved Appointment of Sri. Ajeya Vel Narayanaswamy (DIN: 07553660) as Whole-time Director designated as Executive Director Marketing of the Company. Upcoming Dividend • Aug 21
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 04 October 2025. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%). New Risk • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹5.25b market cap, or US$59.9m). Board Change • Aug 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sudarsan Varadaraj was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 01
Full year 2025 earnings released: EPS: ₹54.62 (vs ₹35.70 in FY 2024) Full year 2025 results: EPS: ₹54.62 (up from ₹35.70 in FY 2024). Revenue: ₹1.76b (up 23% from FY 2024). Net income: ₹231.2m (up 53% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 28
Magna Electro Castings Limited to Report Q1, 2026 Results on Aug 14, 2025 Magna Electro Castings Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,032, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 525% over the past three years. Annonce • Jun 02
Magna Electro Castings Limited, Annual General Meeting, Sep 04, 2025 Magna Electro Castings Limited, Annual General Meeting, Sep 04, 2025. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹54.62 (vs ₹35.70 in FY 2024) Full year 2025 results: EPS: ₹54.62 (up from ₹35.70 in FY 2024). Revenue: ₹1.78b (up 24% from FY 2024). Net income: ₹231.2m (up 53% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 30
Magna Electro Castings Limited Recommends Dividend for the Financial Year Ended 31 March, 2025 Magna Electro Castings Limited at its board meeting held on May 30, 2025 recommended for the approval of the shareholders, a Final Dividend of INR 6/- per equity share (60%) of face value of INR 10/- each for the financial year ended 31st March, 2025. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹923, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 375% over the past three years. New Risk • Mar 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹3.43b market cap, or US$39.4m). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹930, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 354% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹779, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 268% over the past three years. New Risk • Feb 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹3.63b market cap, or US$41.8m). Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹11.49 (vs ₹8.34 in 3Q 2024) Third quarter 2025 results: EPS: ₹11.49 (up from ₹8.34 in 3Q 2024). Revenue: ₹434.5m (up 24% from 3Q 2024). Net income: ₹48.6m (up 38% from 3Q 2024). Profit margin: 11% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,149, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 380% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,166, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 564% over the past three years. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹15.87 (vs ₹8.91 in 2Q 2024) Second quarter 2025 results: EPS: ₹15.87 (up from ₹8.91 in 2Q 2024). Revenue: ₹456.4m (up 24% from 2Q 2024). Net income: ₹67.2m (up 78% from 2Q 2024). Profit margin: 15% (up from 10% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Sudarsan Varadaraj was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Aug 21
Magna Electro Castings Limited Announces Directorate Retirements Magna Electro Castings Limited announced the retirement of Sri. K. Gnanasekaran, Dr. R. Nandini and Dr. Jairam Varadaraj from the position of Non-Executive Independent Director of the Company, consequent to the completion of their second term of five (5) consecutive years with effect from 18th August, 2024. Annonce • Aug 19
Magna Electro Castings Limited Approves Board Appointments Magna Electro Castings Limited at its board of directors meeting held on August 19, 2024, approved the appointment of Sri. Sudarsan Varadaraj, as an Additional Director in the category of Independent Director of the Company with effect from 19 August, 2024 based on the recommendation of the Nomination and Remuneration Committee of the Company; approved the appointment of Sri. Rangaswamy Narayanan, as an Additional Director in the category of Independent Director of the Company with effect from 19 August, 2024 based on the recommendation of the Nomination and Remuneration Committee of the Company. Sri. Sudarsan Varadaraj is a graduate in Mechanical Engineering and also holds a master of science degree in mechanical engineering from Stanford University, USA. He has more than 42 years of experience in the field of machine building, rubber and allied industry. He is the Managing Director of Elgi Rubber Company Limited, which has operations in several countries. Sri. Sudarsan Varadaraj is also a Director in several other Coimbatore based companies. Sri. Rangaswamy Narayanan holds a Masters degree in Management. He has 29 years of experience in security solutions. Sri. Narayanan is the promoter and Director of Sterna Security Devices Private Limited and Sterna Security Technologies India Private Limited. He is working to build Sterna Security as a leader in technology focused on providing customized security solutions built to the standards of operation and meeting customer expectations. Annonce • Aug 17
Magna Electro Castings Limited Appoints Vidyaprakash Arjunprakash as Non-Executive, Independent Director Magna Electro Castings Limited announced the appointment of Sri. Vidyaprakash Arjunprakash (DIN: 00835823) as Non-Executive, Independent Director of the Company with effect from August 16, 2024. Sri. Vidyaprakash Arjunprakash is a Technocrat industrialist specialized in Industrial Automation since 1998. He holds a Bachelor degree in Engineering from PSG College of Technology, Coimbatore and a Masters Degree in Automation from Hochschule Esslingen - University of Applied Sciences. He has working experience in Festo AG, Esslingen, & IMT Robots AG, Stuttgart, Germany. Since 2004, he has been heading Effica Automation, a team of Engineers, venturing into Industrial Automation. He was the Chairman of Confederation of Indian Industry - Coimbatore Zone during 2021-22 and Chapter Chair Coimbatore of Young Indians during 2009-10. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₹728, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 329% over the past three years. New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (320% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹3.00b market cap, or US$35.8m). Upcoming Dividend • Aug 02
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 09 August 2024. Payment date: 15 September 2024. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.6%). Reported Earnings • Jul 23
Full year 2024 earnings released: EPS: ₹35.70 (vs ₹40.46 in FY 2023) Full year 2024 results: EPS: ₹35.70 (down from ₹40.46 in FY 2023). Revenue: ₹1.44b (down 13% from FY 2023). Net income: ₹151.1m (down 12% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 36% per year. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹35.70 (vs ₹40.46 in FY 2023) Full year 2024 results: EPS: ₹35.70 (down from ₹40.46 in FY 2023). Revenue: ₹1.45b (down 12% from FY 2023). Net income: ₹151.1m (down 12% from FY 2023). Profit margin: 10% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 42% per year. Annonce • May 31
Magna Electro Castings Limited, Annual General Meeting, Aug 16, 2024 Magna Electro Castings Limited, Annual General Meeting, Aug 16, 2024. Declared Dividend • May 31
Dividend increased to ₹5.00 Dividend of ₹5.00 is 67% higher than last year. Ex-date: 9th August 2024 Payment date: 15th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 30
Magna Electro Castings Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024 Magna Electro Castings Limited Recommended for the approval of the shareholders, a Final Dividend of INR 5/- per equity share (50%) of face value of INR 10/- each for the financial year ended 31st March, 2024. Annonce • May 19
Magna Electro Castings Limited to Report Q4, 2024 Results on May 29, 2024 Magna Electro Castings Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: ₹8.34 (vs ₹9.01 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.34 (down from ₹9.01 in 3Q 2023). Revenue: ₹354.8m (down 8.2% from 3Q 2023). Net income: ₹35.3m (down 7.4% from 3Q 2023). Profit margin: 9.9% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annonce • Jan 23
Magna Electro Castings Limited to Report Q3, 2024 Results on Feb 05, 2024 Magna Electro Castings Limited announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: ₹8.91 (vs ₹15.94 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.91 (down from ₹15.94 in 2Q 2023). Revenue: ₹372.5m (down 19% from 2Q 2023). Net income: ₹37.7m (down 44% from 2Q 2023). Profit margin: 10% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 45% per year. Annonce • Nov 01
Magna Electro Castings Limited Announces Executive Changes Magna Electro Castings Limited announced that at the board meeting held on 1 November, 2023 approved the resignation of Smt. C. Sangeetha from the post of Company Secretary and Compliance Officer of the Company with effect from 1 November, 2023 due to personal reasons. On the basis of recommendation of Nomination and Remuneration Committee, the Board has approved the appointment of Ms. Divya Duraisamy as Company Secretary and designated her as Compliance officer. Ms. Divya Duraisamy is an Associate member of Institute of Company Secretaries of India (ICSI) and a Commerce graduate. She has work experience in corporate legal and Secretarial services. Annonce • Oct 05
Magna Electro Castings Limited to Report First Half, 2024 Results on Nov 01, 2023 Magna Electro Castings Limited announced that they will report first half, 2024 results on Nov 01, 2023 Upcoming Dividend • Aug 11
Upcoming dividend of ₹3.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 18 August 2023. Payment date: 25 September 2023. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (7.3%). Annonce • Jul 23
Magna Electro Castings Limited to Report Q1, 2024 Results on Aug 07, 2023 Magna Electro Castings Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • Jul 23
Full year 2023 earnings released: EPS: ₹40.46 (vs ₹18.26 in FY 2022) Full year 2023 results: EPS: ₹40.46 (up from ₹18.26 in FY 2022). Revenue: ₹1.65b (up 21% from FY 2022). Net income: ₹171.2m (up 122% from FY 2022). Profit margin: 10% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹2.42b market cap, or US$29.5m). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹422, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 261% over the past three years. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹40.46 (vs ₹18.26 in FY 2022) Full year 2023 results: EPS: ₹40.46 (up from ₹18.26 in FY 2022). Revenue: ₹1.68b (up 24% from FY 2022). Net income: ₹171.2m (up 122% from FY 2022). Profit margin: 10% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 49% per year. Annonce • May 17
Magna Electro Castings Limited to Report Fiscal Year 2023 Results on May 30, 2023 Magna Electro Castings Limited announced that they will report fiscal year 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹315, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 114% over the past three years. Annonce • Jan 14
Magna Electro Castings Limited to Report Q3, 2023 Results on Jan 31, 2023 Magna Electro Castings Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Jan 31, 2023 Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: ₹15.94 (vs ₹7.94 in 2Q 2022) Second quarter 2023 results: EPS: ₹15.94 (up from ₹7.94 in 2Q 2022). Revenue: ₹481.1m (up 29% from 2Q 2022). Net income: ₹67.5m (up 101% from 2Q 2022). Profit margin: 14% (up from 9.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 19
Magna Electro Castings Limited to Report Q2, 2023 Results on Nov 09, 2022 Magna Electro Castings Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 09, 2022 Annonce • Aug 28
Magna Electro Castings Limited Announces Declaration of Dividend for the Financial Year Ended March 31, 2022 Magna Electro Castings Limited announced declaration of dividend of INR 2.50 per share (i.e.,25%) for the financial year ended March 31, 2022, at the AGM was held on August 26, 2022. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 43% share price gain to ₹363, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 118% over the past three years. Upcoming Dividend • Aug 11
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 25 September 2022. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (6.7%). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 26% share price gain to ₹244, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 50% over the past three years. Annonce • Jul 28
Magna Electro Castings Limited to Report Q1, 2023 Results on Aug 08, 2022 Magna Electro Castings Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 08, 2022 Reported Earnings • Jul 21
Full year 2022 earnings released: EPS: ₹18.26 (vs ₹11.67 in FY 2021) Full year 2022 results: EPS: ₹18.26 (up from ₹11.67 in FY 2021). Revenue: ₹1.35b (up 38% from FY 2021). Net income: ₹77.3m (up 49% from FY 2021). Profit margin: 5.7% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹18.26 (vs ₹11.67 in FY 2021) Full year 2022 results: EPS: ₹18.26 (up from ₹11.67 in FY 2021). Revenue: ₹1.37b (up 41% from FY 2021). Net income: ₹77.3m (up 49% from FY 2021). Profit margin: 5.6% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • May 18
Magna Electro Castings Limited to Report Fiscal Year 2022 Results on May 30, 2022 Magna Electro Castings Limited announced that they will report fiscal year 2022 results on May 30, 2022 Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹7.94 (vs ₹5.75 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹381.3m (up 49% from 2Q 2021). Net income: ₹33.6m (up 28% from 2Q 2021). Profit margin: 8.8% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 08
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 23 October 2021. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.9%). Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Non-Executive Independent Director Cherukoori Ramaswamy Swaminathan was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 06
Magna Electro Castings Limited Not to Operate its Plant for a Week Till June 14, 2021 Magna Electro Castings Limited announced that it will be closing its operational unit till 14 June, 2021 as lockdown restrictions have been extended by the Government of Tamilnadu in order to protect its employees from Covid infection and also to help break the Covid spread chain. Annonce • May 26
Magna Electro Castings Limited Not to Operate Its Plant for A Week Till the Month End May 2021 In continuation of Magna Electro Castings Limited's letter dated 17 May, 2021, the company informed that it will not be operating the plant for a week as lockdown restrictions have been extended by the Government of Tamilnadu till the month end. This keeping in mind the safety of its employees and also to help break the COVID spread chain. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS ₹1.70 (vs ₹3.23 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹270.7m (up 30% from 3Q 2020). Net income: ₹7.50m (down 49% from 3Q 2020). Profit margin: 2.8% (down from 7.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Annonce • Jan 11
Magna Electro Castings Limited to Report Q3, 2021 Results on Jan 29, 2021 Magna Electro Castings Limited announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 17
New 90-day high: ₹178 The company is up 11% from its price of ₹160 on 18 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 30% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ₹166 The company is up 30% from its price of ₹128 on 20 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. Annonce • Oct 12
Magna Electro Castings Limited to Report Q2, 2021 Results on Oct 30, 2020 Magna Electro Castings Limited announced that they will report Q2, 2021 results on Oct 30, 2020 Annonce • Jul 18
Magna Electro Castings Limited to Report Q1, 2021 Results on Jul 31, 2020 Magna Electro Castings Limited announced that they will report Q1, 2021 results on Jul 31, 2020 
