MAHICKRA Stock Overview
Mahickra Chemicals Limited engages in the manufacture and supply of chemicals and dyestuffs in India.
Mahickra Chemicals Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹70.40|
|52 Week High||₹96.50|
|52 Week Low||₹57.00|
|1 Month Change||0.64%|
|3 Month Change||-4.61%|
|1 Year Change||-14.98%|
|3 Year Change||40.38%|
|5 Year Change||n/a|
|Change since IPO||91.57%|
Recent News & Updates
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...
|MAHICKRA||IN Chemicals||IN Market|
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.
|MAHICKRA Average Weekly Movement||8.3%|
|Chemicals Industry Average Movement||6.4%|
|Market Average Movement||6.4%|
|10% most volatile stocks in IN Market||9.0%|
|10% least volatile stocks in IN Market||4.1%|
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
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
|MAHICKRA fundamental statistics|
Is MAHICKRA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MAHICKRA income statement (TTM)|
|Cost of Revenue||₹884.40m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||4.12|
|Net Profit Margin||3.15%|
How did MAHICKRA perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
Is MAHICKRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is MAHICKRA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MAHICKRA's PE Ratio compare to its peers?
|MAHICKRA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
543497 Bhatia Colour Chem
HINDCON Hindcon Chemicals
506910 Jaysynth Dyestuff (India)
AMBANIORG Ambani Organics
MAHICKRA Mahickra Chemicals
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.
|Current PE Ratio||17.1x|
|Fair PE Ratio||n/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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How is Mahickra Chemicals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
How has Mahickra Chemicals performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
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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How is Mahickra Chemicals's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
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).
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What is Mahickra Chemicals's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
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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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Miteshkumar Gandhi (51 yo)
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.
Experienced Board: MAHICKRA's board of directors are considered experienced (4.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mahickra Chemicals Limited's employee growth, exchange listings and data sources
- 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
- Mahickra Chemicals Limited
- Plot No. 1201-1202
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/16 00:00|
|End of Day Share Price||2022/08/16 00:00|
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.