Share the post "Mitsu Chem Plast : Q4 2024 Financial Quarterly Report : YoY Sales Down 1.11 %, QoQ Up 11.98 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -1.11 % over the year, substantial increase in net sales/revenue by 11.98 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 1000 %. Marginal increase in other income during this quarter, up by 3.85%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mitsu Chem Plast Limited. Profit dropped by -14.19 % Year to Year, Mitsu Chem Plast Limited’s profitability dropped by -11.06 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -16.48 % Year to Year. EPS decreased by -13.64 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 83.196 Cr | Rs. 73.474 Cr | Rs. 82.273 Cr | + 11.98 % | -1.11 % |
| Expenses | Rs. 75.62 Cr | Rs. 65.78 Cr | Rs. 74.76 Cr | + 13.65 % | -1.14 % |
| Operating Profit | Rs. 7.58 Cr | Rs. 7.69 Cr | Rs. 7.51 Cr | -2.34 % | -0.92 % |
| OPM % | 9.11 % | 10.47 % | 9.13 % | -1.34 % | + 0.02 % |
| Other Income | Rs. -0.03 Cr | Rs. 0.26 Cr | Rs. 0.27 Cr | + 3.85 % | + 1000 % |
| Interest | Rs. 2.02 Cr | Rs. 2.23 Cr | Rs. 2.4 Cr | + 7.62 % | + 18.81 % |
| Depreciation | Rs. 1.39 Cr | Rs. 1.53 Cr | Rs. 1.61 Cr | + 5.23 % | + 15.83 % |
| Profit before tax | Rs. 4.14 Cr | Rs. 4.19 Cr | Rs. 3.77 Cr | -10.02 % | -8.94 % |
| Tax % | 20.22 % | 24.21 % | 25.24 % | + 1.03 % | + 5.02 % |
| Net Profit | Rs. 3.3 Cr | Rs. 3.18 Cr | Rs. 2.83 Cr | -11.01 % | -14.24 % |
| EPS in Rs | Rs. 2.73 | Rs. 2.64 | Rs. 2.27 | -14.02 % | -16.85 % |
Today, we’re looking at Mitsu Chem Plast Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.11 %. However, it did see a marginal increase of 11.98 % from the previous quarter. Expenses ticked up slightly by 13.65 % quarter-on-quarter, aligning with the annual decline of -1.14 %. Operating profit, while down -0.92 % compared to last year, faced a quarter-on-quarter dip of -2.34 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.02 %, but a shrinkage of -1.34 % sequentially. Other income rose by 3.85 % compared to the last quarter, despite an annual growth of 1000 %. Interest expenses surged remarkably by 7.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 18.81 %. Depreciation costs climbed by 5.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.83 %. Profit before tax declined annually by -8.94 % but saw a reduction from the preceding quarter by -10.02 %.
Tax expenses as a percentage of profits increased slightly by 5.02 % compared to last year, with a more notable quarter-on-quarter increase of 1.03 %. Net profit fell by -14.24 % year-on-year but witnessed a -11.01 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.85 % but a quarterly fall of -14.02 %. In summary, Mitsu Chem Plast Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 83.196 Cr | Rs. 73.474 Cr | Rs. 82.273 Cr | + 11.98 % | -1.11 % |
| Expenses | Rs. 75.62 Cr | Rs. 65.78 Cr | Rs. 74.76 Cr | + 13.65 % | -1.14 % |
| Operating Profit | Rs. 7.58 Cr | Rs. 7.69 Cr | Rs. 7.51 Cr | -2.34 % | -0.92 % |
| Net Profit | Rs. 3.3 Cr | Rs. 3.18 Cr | Rs. 2.83 Cr | -11.01 % | -14.24 % |
| EPS in Rs | Rs. 2.73 | Rs. 2.64 | Rs. 2.27 | -14.02 % | -16.85 % |
In reviewing Mitsu Chem Plast Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.11 % year-on-year, however, there was a minor increase of 11.98 % from the previous quarter. Expenses decreased by -1.14 % compared to the previous year, with a 13.65 % increase quarter-on-quarter. Operating Profit dropped by -0.92 % annually, and saw a -2.34 % decrease from the last quarter.
Net Profit showed yearly decrease of -14.24 %, and experienced a -11.01 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -16.85 % annually, however dipped by -14.02 % compared to the last quarter. In essence, while Mitsu Chem Plast Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
-3
3-Year Profit
19
5-Year Profit
23
10-Year Profit
150
Current Price
203
Market Cap
For the company identified by BSE code 540078, the financial performance highlights a solid five-year profit of 19 percents. This figure escalates to -3 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 8 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 22 percents but has since plummeted to -20 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 0 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
With a market capitalization of ₹203 crore, the company’s stock is currently trading at ₹150, having fluctuated within a range of ₹213 / 127 over the years. The stock's P/E ratio of 23.0 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹58.4, representing the total value of its assets on a per-share basis, while the dividend yield of 0.13% offers a modest return to shareholders. ROCE, at 13.8%, highlights the company's efficient use of capital in generating profits, while ROE at 12.5% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 1.01 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹-0.01 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 5.00 suggests moderate financial strength, while the Graham Number, pegged at ₹92.5, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 2.57 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
