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Magna Electro Castings Ltd

MAGNAELQ

Magna Electro Castings Ltd

MAGNAELQ
MaterialsIron & Steel
SmallcapWith a market cap of ₹441 cr, stock is ranked 1,920
High RiskStock is 3.17x as volatile as Nifty
1,043.554.35% (+43.55)
1,043.554.35% (+43.55)

Price Chart

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MaterialsIron & Steel
SmallcapWith a market cap of ₹441 cr, stock is ranked 1,920
High RiskStock is 3.17x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Bad

The stock is overpriced and in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsIron & Steel
SmallcapWith a market cap of ₹441 cr, stock is ranked 1,920
High RiskStock is 3.17x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
20.994.070.48%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
30.763.471.33%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Magna Electro Castings Limited is engaged in the manufacture of iron castings and steel components. Its product categories offer products for refrigeration, rail road, printing, hydraulics, automotive, electrical and windmills.

Peers

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Forecasts

Price

Revenue

Earnings

Price Forecast

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Revenue Forecast

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Earnings Per Share Forecast

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Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 2.91%, vs industry avg of 9.87%

Constant Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share stayed at 0.02%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 5.84%, vs industry avg of 4.85%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue94.3379.4693.46125.8798.4799.02137.47167.93145.30161.15
Raw Materialssubtract31.2121.5433.1344.0033.6833.6854.6160.9247.52128.02
Power & Fuel Costsubtract7.674.686.028.237.077.0210.3311.1210.08
Employee Costsubtract8.389.019.5111.0010.8112.5614.6616.5218.41
Selling & Administrative Expensessubtract3.871.041.301.161.851.351.691.541.49
Operating & Other expensessubtract28.1328.4130.7740.7532.0833.1540.9248.8742.82
Depreciation/Amortizationsubtract4.635.214.545.434.364.174.595.504.364.55
Interest & Other Itemssubtract1.350.540.320.290.120.080.320.340.200.15
Taxes & Other Itemssubtract2.451.711.023.621.821.832.626.005.297.39
EPS14.4915.9714.9524.8614.5811.7518.2740.4535.7549.72
DPS2.002.002.005.002.501.502.503.005.005.00
Payout ratio0.140.130.130.200.170.130.140.070.140.10
See Costs

EPS and DPS in ₹. Other numbers except Payout Ratio in ₹ cr

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2020

Annual report

PDF
FY 2021

Annual report

PDF
FY 2022

Annual report

PDF
FY 2023

Annual report

PDF
FY 2024

Annual report

PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

Valuation

Technical

Forecast

ScreenerCompare valuation on Screener

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Magna Electro Castings Ltd29.194.070.48%
JSW Steel Ltd27.593.050.92%
Tata Steel Ltd-41.511.992.44%
Jindal Steel And Power Ltd15.812.100.21%

Price Comparison

Compare MAGNAELQ with any stock or ETF
Compare MAGNAELQ with any stock or ETF
MAGNAELQ
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding53.38%0.00%0.05%0.00%46.57%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.52%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.16 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 9, 2024

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Aug 9, 2024

Cash Dividend

Ex DateEx DateAug 18, 2023

Final
Final | Div/Share: ₹3.00

Dividend/Share

₹3.00

Ex DateEx Date

Aug 18, 2023

Cash Dividend

Ex DateEx DateAug 18, 2022

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Aug 18, 2022

Cash Dividend

Ex DateEx DateSep 15, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 15, 2021

Cash Dividend

Ex DateEx DateFeb 25, 2020

Interim
Interim | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Feb 25, 2020

News & Opinions
Earnings
Magna Electro Castings standalone net profit rises 78.25% in the September 2024 quarter

Net profit of Magna Electro Castings rose 78.25% to Rs 6.72 crore in the quarter ended September 2024 as against Rs 3.77 crore during the previous quarter ended September 2023. Sales rose 23.99% to Rs 45.64 crore in the quarter ended September 2024 as against Rs 36.81 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales45.6436.81 24 OPM %21.3415.46 - PBDT10.236.12 67 PBT9.035.03 80 NP6.723.77 78 Powered by Capital Market - Live

19 hours agoCapital Market - Live
Corporate
Magna Eletrocasting to hold board meeting

Magna Eletrocasting will hold a meeting of the Board of Directors of the Company on 7 November 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Magna Eletrocasting to discuss results

Magna Eletrocasting will hold a meeting of the Board of Directors of the Company on 19 August 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Magna Electro Castings standalone net profit rises 80.65% in the June 2024 quarter

Net profit of Magna Electro Castings rose 80.65% to Rs 6.72 crore in the quarter ended June 2024 as against Rs 3.72 crore during the previous quarter ended June 2023. Sales rose 19.13% to Rs 42.16 crore in the quarter ended June 2024 as against Rs 35.39 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales42.1635.39 19 OPM %22.8416.30 - PBDT10.156.03 68 PBT9.034.99 81 NP6.723.72 81 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Magna Eletrocasting to table results

Magna Eletrocasting will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

CARE reaffirms credit ratings on bank facilities of Magna Electro Castings

2 years agoIndia Infoline

Magna Electro Castings resumes normal operations at company’s plant

3 years agoIndia Infoline