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MAHI

Mahickra Chemicals NSEI:MAHICKRA Stock Report

Last Price

₹70.40

Market Cap

₹571.8m

7D

-3.4%

1Y

-15.0%

Updated

16 Aug, 2022

Data

Company Financials
MAHICKRA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

MAHICKRA Stock Overview

Mahickra Chemicals Limited engages in the manufacture and supply of chemicals and dyestuffs in India.

Mahickra Chemicals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mahickra Chemicals
Historical stock prices
Current Share Price₹70.40
52 Week High₹96.50
52 Week Low₹57.00
Beta0.18
1 Month Change0.64%
3 Month Change-4.61%
1 Year Change-14.98%
3 Year Change40.38%
5 Year Changen/a
Change since IPO91.57%

Recent News & Updates

Jun 14
If You Like EPS Growth Then Check Out Mahickra Chemicals (NSE:MAHICKRA) Before It's Too Late

If You Like EPS Growth Then Check Out Mahickra Chemicals (NSE:MAHICKRA) Before It's Too Late

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

MAHICKRAIN ChemicalsIN Market
7D-3.4%0.6%0.8%
1Y-15.0%10.6%8.3%

Return vs Industry: MAHICKRA underperformed the Indian Chemicals industry which returned 10.6% over the past year.

Return vs Market: MAHICKRA underperformed the Indian Market which returned 8.3% over the past year.

Price Volatility

Is MAHICKRA's price volatile compared to industry and market?
MAHICKRA volatility
MAHICKRA Average Weekly Movement8.3%
Chemicals Industry Average Movement6.4%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: MAHICKRA is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MAHICKRA's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
199427Miteshkumar Gandhihttps://www.mahickra.com

Mahickra Chemicals Limited engages in the manufacture and supply of chemicals and dyestuffs in India. It offers reactive, acid, and direct dyes; pigment powder and emulsion products; specialty chemicals; and synthetic food colors. Mahickra Chemicals Limited also exports its products to Sri Lanka, Bangladesh, Pakistan, Zimbabwe, the Netherlands, South Africa, Russia, Italy, Turkey, the United States, Indonesia, and Korea.

Mahickra Chemicals Fundamentals Summary

How do Mahickra Chemicals's earnings and revenue compare to its market cap?
MAHICKRA fundamental statistics
Market Cap₹571.80m
Earnings (TTM)₹33.48m
Revenue (TTM)₹1.06b

17.1x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAHICKRA income statement (TTM)
Revenue₹1.06b
Cost of Revenue₹884.40m
Gross Profit₹177.92m
Other Expenses₹144.44m
Earnings₹33.48m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.12
Gross Margin16.75%
Net Profit Margin3.15%
Debt/Equity Ratio33.7%

How did MAHICKRA perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

6%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MAHICKRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAHICKRA?

Other financial metrics that can be useful for relative valuation.

MAHICKRA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA11.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MAHICKRA's PE Ratio compare to its peers?

MAHICKRA PE Ratio vs Peers
The above table shows the PE ratio for MAHICKRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
543497 Bhatia Colour Chem
32.2xn/a₹500.4m
HINDCON Hindcon Chemicals
15.2xn/a₹643.0m
506910 Jaysynth Dyestuff (India)
9xn/a₹660.4m
AMBANIORG Ambani Organics
20.8xn/a₹419.0m
MAHICKRA Mahickra Chemicals
17.1xn/a₹571.8m

Price-To-Earnings vs Peers: MAHICKRA is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does MAHICKRA's PE Ratio compare vs other companies in the IN Chemicals Industry?

Price-To-Earnings vs Industry: MAHICKRA is good value based on its Price-To-Earnings Ratio (17.1x) compared to the Indian Chemicals industry average (18.6x)


Price to Earnings Ratio vs Fair Ratio

What is MAHICKRA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAHICKRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MAHICKRA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MAHICKRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MAHICKRA (₹70.4) is trading below our estimate of fair value (₹148.31)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.5%

Forecasted Materials 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 Mahickra Chemicals 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.


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  • Examine whether Mahickra Chemicals is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Mahickra Chemicals competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mahickra Chemicals performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAHICKRA has high quality earnings.

Growing Profit Margin: MAHICKRA's current net profit margins (3.2%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: MAHICKRA's earnings have grown significantly by 25.3% per year over the past 5 years.

Accelerating Growth: MAHICKRA's earnings growth over the past year (7.8%) is below its 5-year average (25.3% per year).

Earnings vs Industry: MAHICKRA earnings growth over the past year (7.8%) underperformed the Chemicals industry 20.1%.


Return on Equity

High ROE: MAHICKRA's Return on Equity (11.3%) is considered low.


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Financial Health

How is Mahickra Chemicals's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MAHICKRA's short term assets (₹601.1M) exceed its short term liabilities (₹340.9M).

Long Term Liabilities: MAHICKRA's short term assets (₹601.1M) exceed its long term liabilities (₹13.3M).


Debt to Equity History and Analysis

Debt Level: MAHICKRA's net debt to equity ratio (33.6%) is considered satisfactory.

Reducing Debt: MAHICKRA's debt to equity ratio has reduced from 277.8% to 33.7% over the past 5 years.

Debt Coverage: MAHICKRA's debt is well covered by operating cash flow (32.3%).

Interest Coverage: MAHICKRA's interest payments on its debt are well covered by EBIT (7.2x coverage).


Balance Sheet


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Dividend

What is Mahickra Chemicals's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MAHICKRA's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: MAHICKRA's dividend (0.36%) is low compared to the top 25% of dividend payers in the Indian market (1.7%).


Stability and Growth of Payments

Stable Dividend: MAHICKRA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MAHICKRA has only been paying a dividend for 2 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (6.1%), MAHICKRA's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.7%), MAHICKRA's dividend payments are thoroughly covered by cash flows.


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Management

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

4.7yrs

Average board tenure


CEO

Miteshkumar Gandhi (51 yo)

4.67yrs

Tenure

₹1,300,000

Compensation

Mr. Miteshkumar Champaklal Gandhi is Chairman of Mahickra Chemicals Ltd., and its Director since November 15, 2017 also Managing Director since December 20, 2017. He holds a B.E., in Chemical Engineering.


CEO Compensation Analysis

Compensation vs Market: Miteshkumar's total compensation ($USD16.35K) is below average for companies of similar size in the Indian market ($USD37.68K).

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


Board Members

Experienced Board: MAHICKRA's board of directors are considered experienced (4.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MAHICKRA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Mahickra Chemicals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mahickra Chemicals Limited
  • Ticker: MAHICKRA
  • Exchange: NSEI
  • Founded: 1994
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹571.800m
  • Shares outstanding: 8.12m
  • Website: https://www.mahickra.com

Number of Employees


Location

  • Mahickra Chemicals Limited
  • Plot No. 1201-1202
  • Phase-3
  • Ahmedabad
  • Gujarat
  • 382445
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.