BSE:521018

Stock Analysis Report

Executive Summary

Maral Overseas Limited manufactures and sells cotton yarns, knitted fabrics, and garments in India.

Snowflake

Imperfect balance sheet with concerning outlook.

Share Price & News

How has Maral Overseas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 521018's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-18.9%

521018

-4.2%

IN Luxury

-0.6%

IN Market


1 Year Return

-36.0%

521018

3.7%

IN Luxury

5.0%

IN Market

Return vs Industry: 521018 underperformed the Indian Luxury industry which returned 3.7% over the past year.

Return vs Market: 521018 underperformed the Indian Market which returned 5% over the past year.


Shareholder returns

521018IndustryMarket
7 Day-18.9%-4.2%-0.6%
30 Day7.0%0.4%5.9%
90 Day4.0%9.0%8.2%
1 Year-36.0%-36.0%4.5%3.7%7.0%5.0%
3 Year-32.1%-32.1%65.3%63.3%36.1%29.2%
5 Year-15.6%-15.6%103.2%96.6%38.6%25.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Maral Overseas undervalued compared to its fair value and its price relative to the market?

45.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 521018 (₹18.4) is trading above our estimate of fair value (₹6.36)

Significantly Below Fair Value: 521018 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 521018 is poor value based on its PE Ratio (45.3x) compared to the Luxury industry average (10.2x).

PE vs Market: 521018 is poor value based on its PE Ratio (45.3x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 521018's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 521018 is overvalued based on its PB Ratio (0.8x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

16.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 521018's forecast earnings growth (16.3% per year) is above the savings rate (7.6%).

Earnings vs Market: 521018's earnings (16.3% per year) are forecast to grow slower than the Indian market (19% per year).

High Growth Earnings: 521018's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 521018's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 521018's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 521018's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Maral Overseas performed over the past 5 years?

-28.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 521018 has high quality earnings.

Growing Profit Margin: 521018's current net profit margins (0.2%) are lower than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: 521018's earnings have declined by -28.6% per year over the past 5 years.

Accelerating Growth: 521018's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 521018 had negative earnings growth (-66.7%) over the past year, making it difficult to compare to the Luxury industry average (6%).


Return on Equity

High ROE: 521018's Return on Equity (1.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Maral Overseas's financial position?


Financial Position Analysis

Short Term Liabilities: 521018's short term assets (₹2.3B) do not cover its short term liabilities (₹2.8B)

Long Term Liabilities: 521018's short term assets (2.3B) exceeds its long term liabilities (646.9M)


Debt to Equity History and Analysis

Debt Level: 521018's debt to equity ratio (199.8%) is considered high

Reducing Debt: 521018's debt to equity ratio has increased from 149.1% to 199.8% over the past 5 years.

Debt Coverage: 521018's debt is well covered by operating cash flow (21.4%).

Interest Coverage: 521018's interest payments on its debt are not well covered by EBIT (0.6x coverage).


Balance Sheet

Inventory Level: 521018 has a high level of physical assets or inventory.

Debt Coverage by Assets: 521018's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

What is Maral Overseas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.4%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 521018's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 521018's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 521018's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 521018'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 521018's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Shekhar Agarwal (67yo)

0yrs

Tenure

₹23,017,000

Compensation

Mr. Shekhar Agarwal, B.Tech. (ME), M.Sc. serves as the Chairman, Chief Executive Officer and Managing Director at Bhilwara Technical Textiles Ltd. Mr. Agarwal has been Managing Director of Maral Overseas L ...


CEO Compensation Analysis

Compensation vs Market: Shekhar's total compensation ($USD320.74K) is above average for companies of similar size in the Indian market ($USD33.52K).

Compensation vs Earnings: Shekhar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

5.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 521018's management team is seasoned and experienced (5.6 years average tenure).


Board Age and Tenure

16.1yrs

Average Tenure

64yo

Average Age

Experienced Board: 521018's board of directors are seasoned and experienced ( 16.1 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

  • Shekhar Agarwal (67yo)

    MD, CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹23.02m
  • Y. Thakur (65yo)

    Vice President of Business Development

    • Tenure: 5.6yrs
  • Virendra Garg (38yo)

    Compliance Officer & Company Secretary

    • Tenure: 2yrs
    • Compensation: ₹1.11m
  • Naveen Maheshwari (52yo)

    Senior Vice President of Noida Unit

    • Tenure: 17.6yrs
  • Atul Jain (44yo)

    Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: ₹5.30m
  • Mohit Maheshwari (43yo)

    Vice President of Marketing

    • Tenure: 20.6yrs
  • Ramesh Jhunjhunwala (68yo)

    AVP of Finance & Accounts

    • Tenure: 7.1yrs
  • Ashok Akade (45yo)

    Vice President of Spinning

    • Tenure: 10.8yrs
  • Dinesh Mittal (50yo)

    President of Sarovar Unit

    • Tenure: 1.3yrs
  • Sunil Kara (51yo)

    Production Head

    • Tenure: 0.8yrs

Board Members

  • Priya Dasgupta (64yo)

    Independent Non-Executive Director

    • Tenure: 16.1yrs
    • Compensation: ₹350.00k
  • Kamal Gupta (73yo)

    Independent Non-Executive Director

    • Tenure: 28.3yrs
    • Compensation: ₹650.00k
  • Lakshmi Jhunjhunwala (91yo)

    Chairman-Emeritus

    • Tenure: 0yrs
  • Ravi Jhunjhunwala (64yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹200.00k
  • Shekhar Agarwal (67yo)

    MD, CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹23.02m
  • Shantanu Agarwal (33yo)

    Non-Executive Director

    • Tenure: 5.6yrs
    • Compensation: ₹580.00k
  • Archana Capoor (61yo)

    Independent Non-Executive Director

    • Tenure: 4yrs
    • Compensation: ₹250.00k

Company Information

Maral Overseas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maral Overseas Limited
  • Ticker: 521018
  • Exchange: BSE
  • Founded: 1989
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹769.973m
  • Shares outstanding: 41.51m
  • Website: https://www.maraloverseas.com

Number of Employees


Location

  • Maral Overseas Limited
  • Bhilwara Towers
  • A-12, Sector-1
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
521018BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1994
MARALOVERNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1994

Biography

Maral Overseas Limited manufactures and sells cotton yarns, knitted fabrics, and garments in India. It operates in three segments: Yarn, Fabric, and Textile Made-Ups. The company’s products comprise cotton ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 12:38
End of Day Share Price2019/11/13 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.