BSE:532629

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

McNally Bharat Engineering

Executive Summary

McNally Bharat Engineering Company Limited primarily engages in engineering, procurement, and construction businesses in India.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has McNally Bharat Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532629's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.4%

532629

-2.3%

IN Construction

0.1%

IN Market


1 Year Return

100.0%

532629

-33.5%

IN Construction

-6.1%

IN Market

Return vs Industry: 532629 exceeded the Indian Construction industry which returned -34.1% over the past year.

Return vs Market: 532629 exceeded the Indian Market which returned -6.2% over the past year.


Shareholder returns

532629IndustryMarket
7 Day-9.4%-2.3%0.1%
30 Day0.4%4.4%7.6%
90 Day104.1%14.5%19.4%
1 Year100.0%100.0%-32.0%-33.5%-4.3%-6.1%
3 Year-91.6%-91.6%-29.9%-32.9%-2.9%-7.5%
5 Year-94.9%-94.9%-23.9%-28.7%21.9%12.7%

Price Volatility Vs. Market

How volatile is McNally Bharat Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is McNally Bharat Engineering undervalued compared to its fair value and its price relative to the market?

0.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 532629's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 532629's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 532629 is unprofitable, so we can't compare its PE Ratio to the IN Construction industry average.

PE vs Market: 532629 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532629's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532629 is good value based on its PB Ratio (0.3x) compared to the IN Construction industry average (0.5x).


Next Steps

Future Growth

How is McNally Bharat Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.4%

Forecasted Capital Goods 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 McNally Bharat Engineering 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.


Next Steps

Past Performance

How has McNally Bharat Engineering performed over the past 5 years?

-25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532629 is currently unprofitable.

Growing Profit Margin: 532629 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 532629 is unprofitable, and losses have increased over the past 5 years at a rate of -25.3% per year.

Accelerating Growth: Unable to compare 532629's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532629 is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-1.7%).


Return on Equity

High ROE: 532629 has a negative Return on Equity (-134.38%), as it is currently unprofitable.


Next Steps

Financial Health

How is McNally Bharat Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: 532629's short term assets (₹27.1B) do not cover its short term liabilities (₹29.7B).

Long Term Liabilities: 532629's short term assets (₹27.1B) exceed its long term liabilities (₹1.9B).


Debt to Equity History and Analysis

Debt Level: 532629's debt to equity ratio (654.2%) is considered high.

Reducing Debt: 532629's debt to equity ratio has increased from 440.7% to 654.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 532629 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 532629 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is McNally Bharat Engineering current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532629's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532629'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 532629's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532629's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532629 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532629'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?

1.8yrs

Average management tenure


CEO

Srinivash Singh (74yo)

3.58yrs

Tenure

₹22,009,200

Compensation

Mr. Srinivash Singh has been Managing Director and Director of McNally Bharat Engineering Co. Ltd. since December 14, 2016. Mr. Singh served as Managing Director of McNally Bharat Engineering Co. Ltd. from ...


CEO Compensation Analysis

Compensation vs Market: Srinivash's total compensation ($USD292.81K) is above average for companies of similar size in the Indian market ($USD48.83K).

Compensation vs Earnings: Srinivash's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Srinivash Singh
MD & Director3.58yrs₹22.01mno data
Manoj Digga
Chief Financial Officer2yrs₹15.11mno data
Arup Nandi
President of Marketing & Business Developmentno datano datano data
Dipankar Sarkar
President of Power Projectsno datano datano data
Arindam Sarkar
President of Engineering & Constructionno datano datano data
Shyamal Das
President of Engineeringno datano datano data
Bhanu Srivastava
President of Constructionno datano datano data
Asis Bhattacharya
President of Construction- Electrical & Solarno datano datano data
Rahul Banerjee
Company Secretary & Compliance Officer0.92yrno datano data
Asoke Kanjilal
Vice President of Marketing and Business Developmentno data₹5.14mno data
Debashis Brahma
Associate Vice President of Human Resources1.5yrsno datano data
Jana Aloke
Chief of SBU Ash Handling & Water Management and Associate VPno data₹2.75mno data

1.8yrs

Average Tenure

63yo

Average Age

Experienced Management: 532629's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Srinivash Singh
MD & Director3.58yrs₹22.01mno data
G. Mustafi
CEO & Director of CMT Indiano datano datano data
Aditya Khaitan
Non Executive Chairman5.33yrs₹120.00kno data
Nilotpal Roy
Additional Non-Executive Independent Director0.42yrno datano data
Pradip Tibdewal
Wholetime Director of McNally Sayaji Engineering Limitedno datano datano data
Asim Barman
Independent Non-Executive Director10.58yrs₹300.00kno data
Subir Chaki
Whole Time Director of MSELno datano datano data
Arundhuti Dhar
Independent Non-Executive Director3.92yrs₹360.00kno data
Kasturi Roychoudhury
Additional Non-Executive Independent Director0.42yrno datano data

3.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 532629's board of directors are considered experienced (3.9 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 been diluted in the past year, with total shares outstanding growing by 33.9%.


Top Shareholders

Company Information

McNally Bharat Engineering Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: McNally Bharat Engineering Company Limited
  • Ticker: 532629
  • Exchange: BSE
  • Founded: 1961
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹1.058b
  • Shares outstanding: 211.57m
  • Website: https://www.mcnallybharat.com

Location

  • McNally Bharat Engineering Company Limited
  • Ecospace Business Park
  • Campus-2B, 11F/12
  • Kolkata
  • West Bengal
  • 700160
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532629BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2003
MBECLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2003

Biography

McNally Bharat Engineering Company Limited primarily engages in engineering, procurement, and construction businesses in India. The company offers its turnkey solutions in the areas of power, steel, coal and mining, ports, aluminum, material handling, mineral processing, cement, water, pyro processing, pneumatic handling of powdered materials, including fly ash handling and high concentrate disposal, cement, civic, and industrial water supply, and oil and gas sectors, as well as for infrastructure sectors, such as buildings and townships, high rises, roads, metro, rail etc. It also manufactures a range of products, including crushers and screeners, mobile crushing and screening plants, skid mounted coal sizers, mills, pressure vessels, material handling equipment, and steel plant equipment, as well as process equipment, such as flotation cells, thickeners, slurry pumps, etc. The company was formerly known as McNally-Bird Engineering Company Limited and changed its name to McNally Bharat Engineering Company Limited in 1972. McNally Bharat Engineering Company Limited was founded in 1961 and is headquartered in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 12:39
End of Day Share Price2020/07/10 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.