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Majestic AutoBSE:500267 Stock Report

Market Cap

₹1.2b

7D

-5.2%

1Y

27.0%

Updated

25 Oct, 2021

Data

Company Financials
500267 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

500267 Overview

Majestic Auto Limited engages in the space leasing and facility management activities in India.

Price History & Performance

Summary of all time highs, changes and price drops for Majestic Auto
Historical stock prices
Current Share Price₹117.00
52 Week High₹84.10
52 Week Low₹176.00
Beta2.09
1 Month Change-2.99%
3 Month Change-24.76%
1 Year Change26.97%
3 Year Change25.60%
5 Year Change-7.80%
Change since IPO-58.95%

Recent News & Updates

Shareholder Returns

500267IN AutoIN Market
7D-5.2%-5.1%-4.6%
1Y27.0%37.5%61.7%

Return vs Industry: 500267 underperformed the Indian Auto industry which returned 35.7% over the past year.

Return vs Market: 500267 underperformed the Indian Market which returned 61% over the past year.

Price Volatility

Is 500267's price volatile compared to industry and market?
500267 volatility
500267 Beta2.09
Industry Beta1.23
Market Beta1

Stable Share Price: 500267 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500267's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197321Mahesh Munjalhttps://www.majesticauto.in

Majestic Auto Limited engages in the space leasing and facility management activities in India. The company was formerly known as Majestic Gears (P) Limited and changed its name to Majestic Auto Limited in August 1977. Majestic Auto Limited was incorporated in 1973 and is based in Noida, India.

Majestic Auto Fundamentals Summary

How do Majestic Auto's earnings and revenue compare to its market cap?
500267 fundamental statistics
Market Cap₹1.22b
Earnings (TTM)₹173.31m
Revenue (TTM)₹540.30m

7.0x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500267 income statement (TTM)
Revenue₹540.30m
Cost of Revenue₹58.89m
Gross Profit₹481.41m
Expenses₹308.10m
Earnings₹173.31m

Valuation

Is Majestic Auto undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 500267 (₹117) is trading below our estimate of fair value (₹358.93)

Significantly Below Fair Value: 500267 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 500267 is good value based on its PE Ratio (7x) compared to the Indian Auto industry average (35.7x).

PE vs Market: 500267 is good value based on its PE Ratio (7x) compared to the Indian market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500267's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500267 is good value based on its PB Ratio (0.3x) compared to the IN Auto industry average (3.6x).


Future Growth

How is Majestic Auto forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

34.3%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Majestic Auto has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Majestic Auto performed over the past 5 years?

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500267 has high quality earnings.

Growing Profit Margin: 500267 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 500267's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: 500267 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 500267 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto industry (25.7%).


Return on Equity

High ROE: 500267's Return on Equity (4.4%) is considered low.


Financial Health

How is Majestic Auto's financial position?


Financial Position Analysis

Short Term Liabilities: 500267's short term assets (₹315.1M) exceed its short term liabilities (₹291.5M).

Long Term Liabilities: 500267's short term assets (₹315.1M) do not cover its long term liabilities (₹2.1B).


Debt to Equity History and Analysis

Debt Level: 500267's debt to equity ratio (43.2%) is considered high.

Reducing Debt: 500267's debt to equity ratio has reduced from 186.7% to 43.2% over the past 5 years.

Debt Coverage: 500267's debt is well covered by operating cash flow (22.2%).

Interest Coverage: 500267's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Dividend

What is Majestic Auto current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500267's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500267's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500267's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500267's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500267's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Mahesh Munjal (67 yo)

22.25yrs

Tenure

₹12,615,000

Compensation

Mr. Mahesh Chander Munjal, B.Tech., MBA, serves as the Chairman of Majestic Auto Limited and has been its Managing Director since July 29, 1999 and also serves as its Compiance Officer since October 12, 20...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Mahesh's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Mahesh's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 500267's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: 500267's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Majestic Auto Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Majestic Auto Limited
  • Ticker: 500267
  • Exchange: BSE
  • Founded: 1973
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: ₹1.217b
  • Shares outstanding: 10.40m
  • Website: https://www.majesticauto.in

Number of Employees


Location

  • Majestic Auto Limited
  • A-110, Ground Floor
  • Sector 4
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:40
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.