Majestic Auto Ltd Stock/Share Price, Latest BSE/NSE Majestic Auto Ltd Financial Summary at www.indiainfoline.com

Y/e 31 Mar	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Growth matrix (%)
Revenue growth	(18)	24	(1.50)	(59)
Op profit growth	(7)	29.30	(4.60)	6,455
EBIT growth	1.01	29.20	(5.70)	506
Net profit growth	(224)	345	(68)	(199)
Profitability ratios (%)
OPM	70.40	62.20	59.60	61.60
EBIT margin	77.70	63.20	60.70	63.40
Net profit margin	35.10	(23)	(6.40)	(20)
RoCE	7	6.76	4.34	5.28
RoNW	1.38	(1.10)	(0.20)	(1)
RoA	0.79	(0.60)	(0.10)	(0.40)
Per share ratios ()
EPS	21	(20)	--	--
Dividend per share	7.50	--	--	--
Cash EPS	10.60	(24)	(11)	(19)
Book value per share	405	288	400	373
Valuation ratios
P/E	5.13	(2.90)	--	--
P/CEPS	10.20	(2.40)	(13)	(5.80)
P/B	0.27	0.20	0.36	0.29
EV/EBIDTA	5.20	4.88	10.50	10.80
Payout (%)
Dividend payout	--	--	--	--
Tax payout	(20)	(188)	(4.50)	15.70
Liquidity ratios
Debtor days	18.20	33.30	137	185
Inventory days	13.90	16	72.80	119
Creditor days	(25)	(32)	(298)	(480)
Leverage ratios
Interest coverage	(2.60)	(2.20)	(1.50)	(1.30)
Net debt / equity	0.39	0.66	0.70	0.94
Net debt / op. profit	4.11	4.58	8.76	10.50
Cost breakup ()
Material costs	(11)	(17)	(19)	(19)
Employee costs	(8)	(6.50)	(8.20)	(8.50)
Other costs	(11)	(14)	(13)	(11)

Y/e 31 Mar( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	56.80	69.20	55.80	56.60
yoy growth (%)	(18)	24	(1.50)	(59)
Raw materials	(6.30)	(12)	(11)	(11)
As % of sales	11.10	17.20	19.10	18.80
Employee costs	(4.50)	(4.50)	(4.60)	(4.80)
As % of sales	7.98	6.50	8.17	8.48
Other costs	(6)	(9.80)	(7.30)	(6.30)
As % of sales	10.60	14.10	13.20	11.20
Operating profit	40	43	33.30	34.90
OPM	70.40	62.20	59.60	61.60
Depreciation	(9)	(9.20)	(8.20)	(8.30)
Interest expense	(17)	(20)	(23)	(27)
Other income	13.10	9.99	8.78	9.34
Profit before tax	27.20	23.60	10.90	8.94
Taxes	(5.40)	(45)	(0.50)	1.41
Tax rate	(20)	(188)	(4.50)	15.70
Minorities and other	(1.90)	4.88	(14)	(22)
Adj. profit	19.90	(16)	(3.60)	(11)
Exceptional items	--	--	--	--
Net profit	19.90	(16)	(3.60)	(11)
yoy growth (%)	(224)	345	(68)	(199)
NPM	35.10	(23)	(6.40)	(20)

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	20.30	32.70	8.97	6.06
yoy growth (%)	(38)	264	48.10	(95)
Raw materials	(12)	(18)	(2.10)	--
As % of sales	60.70	54.80	23.30	--
Employee costs	(2.30)	(2.30)	(3.20)	(3.50)
As % of sales	11.20	7.11	35.20	57.20
Other costs	(1.50)	(2.70)	(1.90)	(1.80)
As % of sales	7.19	8.38	21.40	29.90
Operating profit	4.23	9.70	1.81	0.78
OPM	20.90	29.70	20.20	12.90
Depreciation	(2.10)	(2.10)	(2.50)	(2.40)
Interest expense	(3.20)	(5)	(5.80)	(6.90)
Other income	10.60	11.10	8.49	9.05
Profit before tax	9.59	13.70	1.97	0.52
Taxes	(1)	(11)	1.52	2.83
Tax rate	(11)	(84)	77.30	546
Minorities and other	--	--	(13)	(21)
Adj. profit	8.57	2.18	(9.50)	(17)
Exceptional items	--	--	--	--
Net profit	8.57	2.18	(9.50)	(17)
yoy growth (%)	293	(123)	(45)	(286)
NPM	42.30	6.66	(106)	(286)

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Profit before tax	27.20	23.60	10.90	8.94
Depreciation	(9)	(9.20)	(8.20)	(8.30)
Tax paid	(5.40)	(45)	(0.50)	1.41
Working capital	(2.30)	(10)	19.90	(5)
Other operating items	--	--	--	--
Operating cashflow	10.50	(41)	22.10	(3)
Capital expenditure	226	201	153	345
Free cash flow	236	161	175	342
Equity raised	439	370	467	503
Investments	271	148	325	316
Debt financing/disposal	109	168	233	324
Dividends paid	--	--	--	--
Other items	--	--	--	--
Net in cash	1,054	848	1,200	1,485

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Equity capital	10.40	10.40	10.40	10.40
Preference capital	--	--	--	--
Reserves	410	289	379	405
Net worth	421	300	389	416
Minority interest
Debt	181	198	222	292
Deferred tax liabilities (net)	84.30	62.70	45.40	7.50
Total liabilities	695	567	668	726
Fixed assets	345	353	358	360
Intangible assets
Investments	272	149	240	326
Deferred tax asset (net)	60.10	59.80	70	2.65
Net working capital	1.78	4.55	(3.60)	36.10
Inventories	2.12	2.22	2.07	3.85
Inventory Days	13.60	11.70	--	25.20
Sundry debtors	2.83	2.84	3.48	9.79
Debtor days	18.20	15	--	64.10
Other current assets	21.40	25.10	12.90	54.30
Sundry creditors	(0.90)	(1.50)	(2.50)	(3.10)
Creditor days	5.52	7.76	--	20.20
Other current liabilities	(24)	(24)	(19)	(29)
Cash	17.10	0.87	3.87	0.93
Total assets	695	567	668	726

Select Period

Particulars ( Rupees In Crores.)	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020
Gross Sales	12.70	12.40	12.20	13.30	13.80
Excise Duty	--	--	--	--	--
Net Sales	12.70	12.40	12.20	13.30	13.80
Other Operating Income	--	--	--	--	--
Other Income	1.45	5.24	0.87	7.38	1.32
Total Income	14.10	17.70	13.10	20.70	15.10
Total Expenditure **	3.77	4.38	5.78	3.82	4.19
PBIDT	10.40	13.30	7.32	16.90	10.90
Interest	3.39	3.63	3.83	4.04	4.24
PBDT	6.98	9.65	3.49	12.90	6.66
Depreciation	2.21	2.06	2.04	2.24	2.13
Minority Interest Before NP	--	--	--	--	--
Tax	0.70	0.63	0.75	0.98	0.61
Deferred Tax	1.19	0.53	(0.30)	0.67	0.49
Reported Profit After Tax	2.88	6.44	0.95	8.96	3.43
Minority Interest After NP	0.49	0.76	0.37	0.45	0.43
Net Profit after Minority Interest	2.39	5.68	0.58	8.51	3
Extra-ordinary Items	--	--	--	--	--
Adjusted Profit After Extra-ordinary item	2.39	5.68	0.58	8.51	3
EPS (Unit Curr.)	2.77	6.19	0.91	8.61	3.30
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	--	--	--	--	--
Equity	10.40	10.40	10.40	10.40	10.40
Public Shareholding (Number)	--	--	--	--	--
Public Shareholding (%)	--	--	--	--	--
Pledged/Encumbered - No. of Shares	--	--	--	--	--
Pledged/Encumbered - % in Total Promoters Holding	--	--	--	--	--
Pledged/Encumbered - % in Total Equity	--	--	--	--	--
Non Encumbered - No. of Shares	--	--	--	--	--
Non Encumbered - % in Total Promoters Holding	--	--	--	--	--
Non Encumbered - % in Total Equity	--	--	--	--	--
PBIDTM(%)	81.70	107	59.80	127	79.10
PBDTM(%)	55	77.80	28.50	96.40	48.40
PATM(%)	22.70	51.90	7.76	67.20	24.90