BSE:538890

Stock Analysis Report

Executive Summary

M.K. Exim (India) Limited manufactures and sells fabrics, readymade garments, and jewelry in India.

Risk Analysis

Earnings have declined by -10.48% per year over past 5 years

Does not have a meaningful market cap (₹126M)

Highly volatile share price over past 3 months

Does not have meaningful revenue (₹281M)



Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has M.K. Exim (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 538890's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.7%

538890

0.6%

IN Luxury

-1.1%

IN Market


1 Year Return

217.1%

538890

11.9%

IN Luxury

7.3%

IN Market

Return vs Industry: 538890 exceeded the Indian Luxury industry which returned 8.4% over the past year.

Return vs Market: 538890 exceeded the Indian Market which returned 6.7% over the past year.


Shareholder returns

538890IndustryMarket
7 Day-1.7%0.6%-1.1%
30 Day-4.0%3.7%1.5%
90 Day78.3%-1.1%5.1%
1 Year217.1%217.1%12.7%11.9%9.3%7.3%
3 Year74.6%74.6%54.0%52.1%28.9%22.0%
5 Year85.2%76.0%92.4%89.3%33.1%21.0%

Price Volatility Vs. Market

How volatile is M.K. Exim (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

Top BSE Undervalued Stock

1 year ago | Simply Wall St

Top BSE Undervalued Stock

1 year ago | Simply Wall St

Top BSE Undervalued Stock

Valuation

Is M.K. Exim (India) undervalued compared to its fair value and its price relative to the market?

0.52x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 538890 (₹17.3) is trading above our estimate of fair value (₹5.45)

Significantly Below Fair Value: 538890 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 538890 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 538890 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 538890's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 538890 is good value based on its PB Ratio (0.5x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is M.K. Exim (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.1%

Forecasted Consumer Durables 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 M.K. Exim (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 M.K. Exim (India) performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 538890 is currently unprofitable.

Growing Profit Margin: 538890 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 538890 is unprofitable, and losses have increased over the past 5 years at a rate of -10.5% per year.

Accelerating Growth: Unable to compare 538890's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 538890 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1.2%).


Return on Equity

High ROE: 538890 has a negative Return on Equity (-2.3%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is M.K. Exim (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 538890's short term assets (₹268.2M) exceed its short term liabilities (₹47.9M).

Long Term Liabilities: 538890's short term assets (₹268.2M) exceed its long term liabilities (₹16.8M).


Debt to Equity History and Analysis

Debt Level: 538890's debt to equity ratio (18.6%) is considered satisfactory.

Reducing Debt: 538890's debt to equity ratio has increased from 5.3% to 18.6% over the past 5 years.

Debt Coverage: 538890's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: 538890 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: 538890 has a high level of physical assets or inventory.

Debt Coverage by Assets: 538890's debt is covered by short term assets (assets are 5.5x debt).


Next Steps

Dividend

What is M.K. Exim (India)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.3%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 538890's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 538890'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 538890's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 538890's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 538890 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 538890'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 M.K. Exim (India)'s salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average board tenure


CEO

Manish Dialani (35yo)

5.3yrs

Tenure

0

Mr. Manish Murlidhar Dialani has been the Managing Director and Executive Director of M.K. Exim (India) Limited since October 31, 2014. 


CEO Compensation Analysis

Compensation vs Market: Manish's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.75K).

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


Board Age and Tenure

1.6yrs

Average Tenure

46yo

Average Age

Experienced Board: 538890's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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

  • Raj Jain

    General Manager

    • Compensation: ₹331.00k
  • Prakriti Sethi

    Compliance Officer & Company Secretary

    • Murli Dialani (63yo)

      Executive Director

      • Tenure: 0.8yrs
    • Lajwanti Dialani (63yo)

      Whole Time Director

      • Tenure: 4.8yrs
    • Manish Dialani (35yo)

      MD & Executive Director

      • Tenure: 5.3yrs
    • Mahaveer Jain

      Chief Financial Officer


      Board Members

      • Murli Dialani (63yo)

        Executive Director

        • Tenure: 0.8yrs
      • Lajwanti Dialani (63yo)

        Whole Time Director

        • Tenure: 4.8yrs
      • Manish Dialani (35yo)

        MD & Executive Director

        • Tenure: 5.3yrs
      • Priya Makhija (41yo)

        Independent Director

        • Tenure: 0.8yrs
      • Vishesh Nihalani (34yo)

        Independent Director

        • Tenure: 1.6yrs
      • Laxmikant Patodia (51yo)

        Independent Director

        • Tenure: 1.6yrs

      Company Information

      M.K. Exim (India) Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: M.K. Exim (India) Limited
      • Ticker: 538890
      • Exchange: BSE
      • Founded: 1992
      • Industry: Apparel, Accessories and Luxury Goods
      • Sector: Consumer Durables
      • Market Cap: ₹120.632m
      • Shares outstanding: 7.18m
      • Website: https://www.mkexim.com

      Location

      • M.K. Exim (India) Limited
      • G1/150 Garment Zone
      • E.P.I.P. RIICO Industrial Area
      • Jaipur
      • Rajasthan
      • 302022
      • India

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      538890BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2007

      Biography

      M.K. Exim (India) Limited manufactures and sells fabrics, readymade garments, and jewelry in India. The company offers polyester viscose and polyester cotton blended shirting and suiting products, purewool suitings, and polyester wool blended suitings under the Jhai Jhoray, Classic, Isiem, and Galaxy brands; and readymade garments, including jeans, shirts, skirts, and jackets. The company also offers destination and event management services. In addition, it supplies relief products, such as hygiene kits, kitchen sets, woolen and fleece blankets, tents, plastic tarpaulins, plastic sleeping mats, water purification tablets, pressure and wick stoves, plastic ropes, mosquito nets, sleeping bags, educational items, and other products. The company also exports its products. M.K. Exim (India) Limited was founded in 1992 and is based in Jaipur, India. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/23 12:31
      End of Day Share Price2020/01/23 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.