Mahindra Composites (Delisted) share price
BSE: 524138
Mahindra Composites Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary
Last traded ₹180.65 on 22 Dec 2014
Delisted on 25 Mar 2015.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Dec 2014
10 Dec · Business
With reference to the earlier letters dated June 15, 2013, May 12, 2014, May 17, 2014, June 07, 2014, August 16, 2014 and November 03, 2014, Mahindra Composites Ltd has now informed BSE ....
Nov 2014
Oct 2014
31 Oct · Updates on Tool down Strike by workmen at Mangaon Plant
With reference to the earlier letter dated October 21, 2014 informing about commencement of Tool down Strike by workmen at Mangaon Plant of the Company, Mahindra Composites Ltd has now ....21 Oct · Strike at Mangaon Plant
Workmen of the Company's plant at Mangaon have gone on Tool down strike. Management of the Company is making all efforts to resolve the issues ....
Results for the quarter to Sep 2014
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹19 Cr+4.9% on a year ago · −3.2% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹0.45 Cr−30.8% on a year ago · −60.5% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹0.21 Cr
- Operating margin
- 2.4%
- Net margin
- −1.1%
From revenue to net profit, ₹ crore
- Revenue19
- Materials and goods−13
- Employee costs−1.4
- Other expenses−3.4
- Operating profit0.5
- Depreciation−0.5
- Finance costs−0.3
- Profit before tax−0.3
- Tax+0.1
- Net profit−0.2
Mahindra Composites results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2014. Results for the quarter to Dec 2014 were due by 14 Feb 2015, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹20 Cr, quarter to Mar 2014; lowest ₹12 Cr, quarter to Mar 2013A loss in the quarter to Sep 2014, −₹0.21 Cr
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Dec 2009 | Mar 2010 | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 11.7 | 12.3 | 12.1 | 12.5 | 12.5 | 15.9 | 13.4 | 14.7 | 13.6 | 15.1 | 12.6 | 13.8 | 12.3 | 11.8 | 13.2 | 17.6 | 15.5 | 20.1 | 19.1 | 18.5 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 10.3 | 10.5 | 10.8 | 11.8 | 11.2 | 13.7 | 12.5 | 13.4 | 12.8 | 13.8 | 11.8 | 12.7 | – | 11.4 | 12.9 | 17.0 | 15.1 | 18.6 | 18.0 | 18.1 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 7.9 | 7.7 | 8.2 | 8.4 | 8.2 | 10.3 | 9.1 | 9.9 | 9.2 | 9.6 | 8.6 | 9.3 | 8.4 | 8.6 | 9.2 | 12.4 | 11.2 | 14.3 | 13.7 | 13.3 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | 0.9 | 1.2 | 1.1 | 1.2 | 1.2 | 1.1 | 1.3 | 1.3 | 1.5 | 1.6 | 1.4 | 1.4 | – | 0.8 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | 1.4 | 1.6 | 1.5 | 2.2 | 1.9 | 2.3 | 2.1 | 2.2 | 2.1 | 2.7 | 1.8 | 2.1 | – | 2.0 | 2.5 | 3.2 | 2.5 | 2.9 | 2.9 | 3.4 |
| Operating profit before depreciation | 1.5 | 1.8 | 1.3 | 0.8 | 1.2 | 2.2 | 0.9 | 1.3 | 0.8 | 1.2 | 0.8 | 1.0 | – | 0.4 | 0.3 | 0.7 | 0.4 | 1.5 | 1.1 | 0.5 |
| Operating margin | 12.4% | 14.7% | 10.8% | 6.0% | 9.7% | 13.7% | 7.0% | 9.0% | 5.8% | 8.2% | 6.2% | 7.5% | – | 3.2% | 2.0% | 3.7% | 2.7% | 7.3% | 6.0% | 2.4% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.4 | – | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0.0 | – | 0.0 | 0.0 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 | 0.3 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | 1.0 | 1.3 | 0.9 | 0.4 | 0.8 | 1.8 | 0.5 | 0.8 | 0.2 | 0.5 | 0.1 | 0.3 | −1.1 | −0.3 | −0.5 | −0.1 | −0.4 | 0.7 | 0.3 | −0.3 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | – | – | – | – | – | – | −2.1 | – | – | – | – | 1.0 | – | – | – | – | – |
| Profit before tax | 1.0 | 1.3 | 0.9 | 0.4 | 0.8 | 1.8 | 0.5 | 0.8 | 0.2 | −1.7 | 0.1 | 0.3 | −1.1 | −0.3 | 0.5 | −0.1 | −0.4 | 0.7 | 0.3 | −0.3 |
| Tax | 0.4 | 0.4 | 0.3 | 0.1 | 0.3 | 0.6 | 0.2 | 0.3 | 0.1 | 0.3 | 0.0 | 0.1 | −0.1 | 0.0 | 0.0 | – | 0.0 | – | 0.1 | −0.1 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 33.7% | 33.1% | 33.7% | 37.1% | 33.3% | 36.4% | 38.3% | 30.5% | 30.0% | – | 33.3% | 21.9% | – | – | 7.8% | – | – | – | 17.6% | – |
| Net profit | 0.7 | 0.9 | 0.6 | 0.2 | 0.5 | 1.1 | 0.3 | 0.6 | 0.1 | −1.9 | 0.1 | 0.3 | −1.0 | −0.3 | 0.5 | −0.1 | −0.4 | 0.7 | 0.3 | −0.2 |
| Net margin | 5.9% | 6.9% | 4.9% | 1.8% | 4.0% | 7.1% | 2.2% | 3.9% | 1.0% | −12.7% | 0.5% | 1.8% | −7.8% | −2.9% | 3.6% | −0.6% | −2.3% | 3.3% | 1.5% | −1.1% |
| Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary | ₹1.57 | – | ₹1.34 | ₹0.50 | ₹1.13 | – | ₹0.66 | ₹1.30 | ₹0.31 | −₹4.33 | ₹0.14 | ₹0.55 | −₹2.14 | −₹0.78 | ₹1.06 | – | −₹0.79 | ₹1.49 | ₹0.63 | – |
| Diluted earnings per shareDiluted earnings per share. Earnings per share counting the shares that options, warrants and convertible bonds already granted would add, on today's share count after splits and bonuses. Diluted earnings per share in the glossary | ₹1.56 | – | ₹1.33 | ₹0.49 | ₹1.12 | – | ₹0.65 | ₹1.29 | ₹0.30 | −₹4.33 | ₹0.14 | ₹0.55 | −₹2.14 | −₹0.78 | ₹1.06 | – | −₹0.79 | ₹1.49 | ₹0.62 | – |
Earnings per share in rupees, restated for later splits and bonuses.
7 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹66 Cr, year to Mar 2014; lowest ₹32 Cr, year to Mar 2008Back to profit in the year to Mar 2014, ₹0.78 Cr
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2014
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue66
- Materials and goods−47
- Employee costs−5.5
- Other expenses−11
- Operating profit2.8
- Depreciation−2.0
- One-off items+1.0
- Finance costs−1.0
- Profit before tax0.7
- Tax+0.1
- Net profit0.8
Profit and loss
Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2014, the latest four quarters added.
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Sep 2014Twelve months |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 32.4 | 43.1 | 46.2 | 52.9 | 56.7 | 50.4 | 66.4 | 73.2 |
| 29.6 | 37.2 | 40.3 | 47.5 | 52.3 | 48.5 | 63.6 | 69.7 | |
| Materials and goods bought | 21.2 | 29.2 | 30.4 | 35.0 | 37.8 | 34.9 | 47.0 | 52.5 |
| Employee costs | 2.8 | – | 3.9 | 4.6 | 5.6 | 5.0 | 5.5 | 5.6 |
| Other expenses | 5.6 | – | 6.0 | 7.8 | 8.9 | 8.7 | 11.1 | 11.7 |
| Operating profit before depreciation | 2.8 | 6.0 | 5.9 | 5.4 | 4.4 | 1.9 | 2.8 | 3.5 |
| Operating margin | 8.8% | 13.8% | 12.8% | 10.3% | 7.8% | 3.8% | 4.2% | 4.7% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | 65.5% | – | 65.8% | 66.2% | 66.6% | 69.2% | 70.8% | 71.7% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | 8.6% | – | 8.4% | 8.7% | 9.9% | 9.9% | 8.3% | 7.6% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | 17.2% | – | 12.9% | 14.8% | 15.7% | 17.2% | 16.7% | 16.0% |
| Depreciation and amortisation | 0.7 | 0.9 | 1.4 | 1.1 | 1.5 | 1.7 | 2.0 | 2.0 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 2.1 | 5.1 | 4.6 | 4.4 | 3.0 | 0.2 | 0.8 | 1.5 |
| Other income | 0.1 | 0.0 | 0.0 | 0.0 | – | – | – | – |
| Finance costs | 0.6 | 0.6 | 0.7 | 0.6 | 1.0 | 1.1 | 1.0 | 1.2 |
| Profit before one-off items and tax | – | 4.5 | 3.9 | 3.8 | 2.0 | −1.0 | −0.3 | 0.3 |
| One-off items | – | – | – | – | −2.1 | – | 1.0 | – |
| Profit before tax | 1.6 | 4.5 | 3.9 | 3.8 | −0.2 | −1.0 | 0.7 | 0.3 |
| Tax | 0.4 | 1.7 | 1.3 | 1.3 | 0.8 | 0.0 | −0.1 | – |
| Net profit | 1.1 | 2.9 | 2.6 | 2.4 | −0.9 | −1.0 | 0.8 | 0.4 |
| Net margin | 3.5% | 6.7% | 5.6% | 4.6% | −1.6% | −1.9% | 1.2% | 0.5% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2009 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 33.0% | 7.2% | 14.5% | 7.2% | −11.1% | 31.7% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | 109.7% | −0.3% | −8.4% | −18.8% | −57.0% | 47.4% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | 157.4% | −10.4% | −5.8% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 3.3 | 8.9 | 6.3 | 6.8 | 3.0 | 0.2 | 0.8 |
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2014.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 9.0% | 7.9% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | −23.0% | −31.5% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 7.8% | 5.3% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.6% | −0.8% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 3.4 | 1.3 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 28.64 | 36.56 | 33.33 | 35.20 | – | – | −9.86 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2014, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +108.7% | – | – | 0.0% |
| 3 years | +11.7% | – | – | 0.0% |
| 5 years | +27.5% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.
Recent sessions
The 10 trading days to 22 Dec 2014, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 22 Dec 2014 | 184.95 | 185.00 | 179.05 | 180.65 | 181.24 | 1,519 |
| 19 Dec 2014 | 191.80 | 191.80 | 180.00 | 183.65 | 184.76 | 2,979 |
| 18 Dec 2014 | 158.15 | 188.75 | 158.15 | 181.40 | 165.54 | 2,722 |
| 17 Dec 2014 | 173.00 | 177.00 | 157.00 | 172.60 | 171.08 | 775 |
| 16 Dec 2014 | 170.45 | 182.80 | 168.00 | 171.75 | 170.79 | 1,922 |
| 15 Dec 2014 | 192.00 | 192.00 | 180.10 | 180.70 | 189.35 | 3,066 |
| 12 Dec 2014 | 194.75 | 194.75 | 187.00 | 187.00 | 192.05 | 23,566 |
| 11 Dec 2014 | 196.00 | 201.70 | 190.00 | 192.45 | 193.34 | 17,174 |
| 10 Dec 2014 | 190.00 | 191.90 | 187.40 | 187.55 | 189.67 | 2,275 |
| 9 Dec 2014 | 188.45 | 193.90 | 185.00 | 186.05 | 188.03 | 18,413 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 524138
- ISIN
- INE219G01015
- Website
- www.mahindracomposites.com
- CIN
- L24117PN1982PLC028040
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1982
- Registered office
- 145, Nehru Nagar Road, Mumbai-Pune Road Pimpri, 411018, Maharashtra
- Share registrar
- Sharepro Services (India) Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments