NSEI:MANUGRAPH

Stock Analysis Report

Executive Summary

Manugraph India Limited manufactures and sells printing machines in India.

Risk Analysis

Earnings have declined by -41.15% per year over past 5 years

Does not have a meaningful market cap (₹425M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Dividend of 3.46% is not well covered by earnings



Snowflake Analysis

Adequate balance sheet unattractive dividend payer.

Share Price & News

How has Manugraph India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MANUGRAPH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

10.1%

MANUGRAPH

2.7%

IN Machinery

1.9%

IN Market


1 Year Return

-48.5%

MANUGRAPH

-8.4%

IN Machinery

8.1%

IN Market

Return vs Industry: MANUGRAPH underperformed the Indian Machinery industry which returned -11.1% over the past year.

Return vs Market: MANUGRAPH underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

MANUGRAPHIndustryMarket
7 Day10.1%2.7%1.9%
30 Day7.5%6.7%3.3%
90 Day18.3%5.8%6.5%
1 Year-46.7%-48.5%-7.1%-8.4%10.1%8.1%
3 Year-66.2%-68.3%8.7%4.6%35.1%28.0%
5 Year-61.5%-65.0%23.1%16.2%36.6%24.2%

Price Volatility Vs. Market

How volatile is Manugraph India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manugraph India undervalued compared to its fair value and its price relative to the market?

0.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MANUGRAPH (₹14.35) is trading above our estimate of fair value (₹2.48)

Significantly Below Fair Value: MANUGRAPH is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: MANUGRAPH 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 MANUGRAPH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MANUGRAPH is good value based on its PB Ratio (0.3x) compared to the IN Machinery industry average (1.2x).


Next Steps

Future Growth

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

19.0%

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 Manugraph India 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 Manugraph India performed over the past 5 years?

-41.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANUGRAPH is currently unprofitable.

Growing Profit Margin: MANUGRAPH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MANUGRAPH is unprofitable, and losses have increased over the past 5 years at a rate of -41.2% per year.

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

Earnings vs Industry: MANUGRAPH is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (2.3%).


Return on Equity

High ROE: MANUGRAPH has a negative Return on Equity (-17.99%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Manugraph India's financial position?


Financial Position Analysis

Short Term Liabilities: MANUGRAPH's short term assets (₹1.2B) exceed its short term liabilities (₹527.6M).

Long Term Liabilities: MANUGRAPH's short term assets (₹1.2B) exceed its long term liabilities (₹167.4M).


Debt to Equity History and Analysis

Debt Level: MANUGRAPH's debt to equity ratio (2.5%) is considered satisfactory.

Reducing Debt: MANUGRAPH's debt to equity ratio has reduced from 8% to 2.5% over the past 5 years.


Balance Sheet

Inventory Level: MANUGRAPH has a high level of physical assets or inventory.

Debt Coverage by Assets: MANUGRAPH's debt is covered by short term assets (assets are 28.2x debt).


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 MANUGRAPH has enough cash runway based on its current free cash flow.

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


Next Steps

Dividend

What is Manugraph India's current dividend yield, its reliability and sustainability?

3.15%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%0.6%markettop25%2.2%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MANUGRAPH's dividend (3.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: MANUGRAPH's dividend (3.46%) is in the top 25% of dividend payers in the Indian market (2.31%)


Stability and Growth of Payments

Stable Dividend: MANUGRAPH's dividend payments have been volatile in the past 10 years.

Growing Dividend: MANUGRAPH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: MANUGRAPH is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Manugraph India's salary, the management and board of directors tenure and is there insider trading?

9.5yrs

Average board tenure


CEO

Sanjay Shah (60yo)

0yrs

Tenure

₹11,919,000

Compensation

Mr. Sanjay Sanat Shah serves as the Managing Director and Vice Chairman at Manugraph India Ltd. Mr. Shah has been a Director of Manugraph India Ltd Since August 11, 1989. He serves as a Director of Manugra ...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD168.20K) is above average for companies of similar size in the Indian market ($USD50.75K).

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


Board Age and Tenure

9.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MANUGRAPH's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

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.


Management Team

  • Sanjay Shah (60yo)

    Vice Chairman & MD

    • Compensation: ₹11.92m
  • Pradeep Shah (59yo)

    MD & Executive Director

    • Tenure: 30.4yrs
    • Compensation: ₹11.92m
  • Bhupal Nandgave (66yo)

    Whole Time Director of Works & Executive Director

    • Tenure: 7.1yrs
    • Compensation: ₹2.53m
  • Mihir Mehta

    Company Secretary & Compliance Officer

    • Compensation: ₹1.87m
  • Amit Jain

    Chief Financial Officer

    • Tenure: 0.4yrs

Board Members

  • Hiten Timbadia (55yo)

    Independent Non-Executive Director

    • Tenure: 18.8yrs
    • Compensation: ₹184.00k
  • Sanjay Shah (60yo)

    Vice Chairman & MD

    • Compensation: ₹11.92m
  • Pradeep Shah (59yo)

    MD & Executive Director

    • Tenure: 30.4yrs
    • Compensation: ₹11.92m
  • Sanat Shah (87yo)

    Non-Executive Chairman

    • Compensation: ₹75.00k
  • Amit Dalal (56yo)

    Independent Non-Executive Director

    • Tenure: 14.3yrs
    • Compensation: ₹85.00k
  • Bhupal Nandgave (66yo)

    Whole Time Director of Works & Executive Director

    • Tenure: 7.1yrs
    • Compensation: ₹2.53m
  • Perses Bilimoria (60yo)

    Independent Non-Executive Director

    • Tenure: 9.7yrs
    • Compensation: ₹184.00k
  • Abhay Mehrotra (58yo)

    Independent Non-Executive Director

    • Tenure: 9.3yrs
    • Compensation: ₹154.00k
  • Jai Diwanji (46yo)

    Independent Non-Executive Director

    • Tenure: 7.7yrs
    • Compensation: ₹85.00k
  • Basheera Indorewala (35yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: ₹70.00k

Company Information

Manugraph India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manugraph India Limited
  • Ticker: MANUGRAPH
  • Exchange: NSEI
  • Founded: 1972
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹482.991m
  • Shares outstanding: 30.42m
  • Website: https://www.manugraph.com

Number of Employees


Location

  • Manugraph India Limited
  • Sidhwa House
  • N.A. Sawant Marg
  • Mumbai
  • Maharashtra
  • 400005
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505324BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2001
MANUGRAPHNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2001

Biography

Manugraph India Limited manufactures and sells printing machines in India. It offers newspaper Web offset, folder, and packaging converting machines. The company also exports its products to Germany, France, the United Kingdom, the United States, and internationally. Manugraph India Limited was founded in 1972 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/19 12:46
End of Day Share Price2020/01/17 00:00
Earnings2019/09/30
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.