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Majestic Auto

₹338.4 10.3 | 3.1%

Market Cap ₹352 Cr.

Stock P/E 11.0

P/B 0.7

Current Price ₹338.4

Book Value ₹ 491.4

Face Value 10

52W High ₹419.1

Dividend Yield 2.22%

52W Low ₹ 140.1

Edit Ratio

Majestic Auto Research see more...

Overview Inc. Year: 1973Industry: Business Support

Majestic Auto Ltd is a prominent automotive company known for its excellence in the production of high-quality vehicles. This innovative corporation has carved a niche for itself in the automotive industry, driven by a commitment to cutting-edge technology and superior craftsmanship. Majestic Auto Ltd's product portfolio spans a diverse range of vehicles, from stylish and efficient sedans to rugged and powerful SUVs. Their commitment to sustainability is evident through their development of eco-friendly hybrid and electric vehicles, catering to the growing demand for environmentally conscious transportation. The company's success can be attributed to its unwavering dedication to customer satisfaction, a global presence, and a talented workforce that consistently delivers top-tier automobiles. With a legacy of innovation and a forward-looking approach, Majestic Auto Ltd continues to shape the future of the automotive world.

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Majestic Auto Share Price

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Peer Comparison

Majestic Auto Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 12 13 12 12 12 12 13 13 40 15
Other Income 5 1 6 1 4 1 6 4 7 7
Total Income 18 14 17 13 16 13 19 17 46 22
Total Expenditure 4 4 5 5 5 6 8 8 9 6
Operating Profit 13 10 12 8 11 7 11 9 37 16
Interest 4 3 4 4 3 3 3 4 4 4
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 5 6 2 5 1 6 4 31 10
Provision for Tax 1 2 6 1 1 0 6 1 8 3
Profit After Tax 6 3 0 0 4 1 -1 2 23 8
Adjustments -1 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 6 2 0 0 3 1 -1 2 23 7
Adjusted Earnings Per Share 5.5 2.3 0 0.2 3.2 1 -0.7 2.3 22.1 7

Majestic Auto Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 155 106 114 138 57 56 117 69 57 49 50 81
Other Income 8 10 14 26 202 94 13 10 13 13 11 24
Total Income 163 116 128 163 259 150 129 79 70 62 61 104
Total Expenditure 147 120 133 137 240 125 57 26 17 19 25 31
Operating Profit 15 -3 -5 26 18 24 73 53 53 43 36 73
Interest 13 15 10 26 27 23 22 20 17 14 14 15
Depreciation 15 16 18 20 8 8 7 9 9 9 9 8
Exceptional Income / Expenses 0 78 43 27 0 0 0 0 0 0 0 0
Profit Before Tax -12 43 9 7 -17 -7 44 24 27 20 14 51
Provision for Tax -5 -12 -15 -5 -7 -4 -1 45 5 9 9 18
Profit After Tax -7 56 24 11 -10 -3 45 -21 22 11 5 32
Adjustments 0 0 0 -1 -1 -1 -1 5 -2 -2 -1 0
Profit After Adjustments -7 56 24 11 -11 -4 44 -16 20 9 4 31
Adjusted Earnings Per Share -6.8 53.8 22.8 10.4 -10.8 -3.5 41.9 -15.4 19.2 8.7 3.6 30.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% -10% -2% -11%
Operating Profit CAGR -16% -12% 8% 9%
PAT CAGR -55% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 134% 47% 13% 23%
ROE Average 1% 3% 3% 8%
ROCE Average 5% 6% 7% 8%

Majestic Auto Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 69 125 148 176 388 416 389 300 421 415 417
Minority's Interest 0 0 0 8 9 10 12 7 9 10 11
Borrowings 96 84 95 335 326 271 208 173 156 145 126
Other Non-Current Liabilities 4 -12 -26 -21 20 18 -7 21 49 4 15
Total Current Liabilities 61 34 22 73 81 43 26 34 30 32 35
Total Liabilities 228 231 239 572 824 758 628 535 665 607 604
Fixed Assets 172 165 179 469 193 360 68 69 67 71 68
Other Non-Current Assets 13 21 15 33 574 339 540 448 566 495 497
Total Current Assets 44 45 45 70 58 59 19 19 32 41 39
Total Assets 228 231 239 572 824 758 628 535 665 607 604

Majestic Auto Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 2 2 1 9 1 0 0 3 0 6 0
Cash Flow from Operating Activities 15 -31 -17 20 24 44 99 40 41 17 32
Cash Flow from Investing Activities -27 78 28 -244 29 58 -4 0 -2 10 5
Cash Flow from Financing Activities 12 -48 -2 215 -53 -101 -91 -43 -33 -33 -38
Net Cash Inflow / Outflow -0 -1 8 -8 -1 -0 3 -3 6 -6 -0
Closing Cash & Cash Equivalent 2 1 9 1 0 0 3 0 6 0 0

Majestic Auto Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -6.84 53.82 22.81 10.39 -10.76 -3.46 41.93 -15.41 19.16 8.71 3.64
CEPS(Rs) 7.53 69.48 40.58 30.34 -1.91 5.33 50 -11.21 29.58 18.42 13.01
DPS(Rs) 0 0 0 0 0 0 0 0 7.5 0 7.5
Book NAV/Share(Rs) 65.94 119.75 142.57 169.25 373.46 399.69 374.31 288.11 404.75 399.52 400.83
Core EBITDA Margin(%) 4.01 -11.37 -15.42 0.35 -324.59 -124.67 51.34 62.15 70.35 60.9 49.75
EBIT Margin(%) 0.26 49.27 15.59 22 17.45 29.08 56.19 63.22 77.71 70.05 55.1
Pre Tax Margin(%) -6.86 36.75 7.26 4.51 -30.12 -12.11 37.67 34.17 47.94 40.67 27.44
PAT Margin (%) -4.01 47.28 18.97 7.51 -18.21 -4.75 38.57 -30.22 38.37 21.58 9.53
Cash Profit Margin (%) 4.42 61.03 33.74 20.88 -3.51 9.94 44.55 -16.85 54.12 39.15 27.28
ROA(%) -3.24 24.36 10.09 2.8 -1.48 -0.33 6.5 -3.59 3.64 1.66 0.78
ROE(%) -9.86 57.96 17.39 6.99 -3.65 -0.66 11.18 -6.07 6.05 2.52 1.14
ROCE(%) 0.24 27.97 8.32 8.25 1.51 2.22 9.94 7.89 8.07 5.82 4.77
Receivable days 33.12 49.56 45.07 45.63 185.48 137.39 20.75 16.68 18.23 17.52 7.54
Inventory Days 25.54 38 30.2 34.56 118.66 72.76 9.25 11.32 13.92 16.65 16.53
Payable days 71.77 96.4 60.54 79.58 982.39 630.7 36.81 61.34 66.05 60.23 36.8
PER(x) 0 0.78 2.38 7.49 0 0 3.34 0 5.61 14.86 37.33
Price/Book(x) 0.56 0.35 0.38 0.46 0.29 0.36 0.37 0.2 0.27 0.32 0.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 6.98 0 5.52
EV/Net Sales(x) 1.08 1.29 1.31 3.33 8.45 7.9 3.12 3.74 4.94 6.1 5.82
EV/Core EBITDA(x) 10.82 -42.84 -29.52 17.56 26.29 18.05 5.01 4.88 5.29 6.96 7.99
Net Sales Growth(%) -6.4 -31.34 7.46 20.66 -58.86 -1.47 109.25 -40.74 -17.82 -13.91 1.32
EBIT Growth(%) -98.41 0 -66.57 70.44 -70.28 64.2 304.31 -33.31 1.01 -22.4 -20.3
PAT Growth(%) -141.41 886.64 -57.61 -52.2 -190.93 74.33 1800.31 -146.44 204.34 -51.59 -55.25
EPS Growth(%) -141.41 886.64 -57.61 -54.47 -203.57 67.84 1312.09 -136.75 224.35 -54.58 -58.2
Debt/Equity(x) 1.9 0.75 0.69 2.15 0.94 0.7 0.57 0.66 0.42 0.4 0.36
Current Ratio(x) 0.72 1.32 2.04 0.95 0.71 1.35 0.73 0.55 1.08 1.27 1.1
Quick Ratio(x) 0.49 1.02 1.58 0.7 0.48 1.26 0.65 0.49 1.01 1.2 1.04
Interest Cover(x) 0.04 3.93 1.87 1.26 0.37 0.71 3.03 2.18 2.61 2.38 1.99
Total Debt/Mcap(x) 3.38 2.14 1.8 4.68 3.22 1.96 1.52 3.23 1.58 1.23 1.05

Majestic Auto Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 75 75 75 75 75 75 75 75 75 75
FII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
DII 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Public 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 60.23 to 36.8days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Majestic Auto News

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