Share the post "MODERN ENGINEERING AND PROJECTS : Q4 2024 Financial Quarterly Report : YoY Sales Down 39.75 %, QoQ Up 105.16 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -39.75 % over the year, substantial increase in net sales/revenue by 105.16 %.
- Income over the Year and quarter:
- Profit over the Year and quarter: Challenges in sustaining profitability for MODERN ENGINEERING AND PROJECTS LIMITED. Profit dropped by -285.54 % Year to Year, MODERN ENGINEERING AND PROJECTS LIMITED’s profitability increased by 13475 % in this quarter.
- EPS over the Year and quarter: EPS declined by -284.86 % Year to Year. EPS increased by 13025 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 67.618 Cr | Rs. 19.859 Cr | Rs. 40.742 Cr | + 105.16 % | -39.75 % |
| Expenses | Rs. 68.06 Cr | Rs. 19 Cr | Rs. 36.06 Cr | + 89.79 % | -47.02 % |
| Operating Profit | Rs. -0.44 Cr | Rs. 0.86 Cr | Rs. 4.68 Cr | + 444.19 % | + 1163.64 % |
| OPM % | -0.65 % | 4.33 % | 11.49 % | + 7.16 % | + 12.14 % |
| Other Income | Rs. 0.13 Cr | Rs. -0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.08 Cr | Rs. 0.1 Cr | Rs. 0.35 Cr | + 250 % | + 337.5 % |
| Depreciation | Rs. 0.54 Cr | Rs. 0.65 Cr | Rs. 0.74 Cr | + 13.85 % | + 37.04 % |
| Profit before tax | Rs. -0.93 Cr | Rs. 0.11 Cr | Rs. 3.59 Cr | + 3163.64 % | + 486.02 % |
| Tax % | -6.1 % | 88.89 % | 54.7 % | -34.19 % | + 60.8 % |
| Net Profit | Rs. -0.88 Cr | Rs. 0.01 Cr | Rs. 1.63 Cr | + 16200 % | + 285.23 % |
| EPS in Rs | Rs. -2.84 | Rs. 0.04 | Rs. 5.25 | + 13025 % | + 284.86 % |
Today, we’re looking at MODERN ENGINEERING AND PROJECTS 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 -39.75 %. However, it did see a marginal increase of 105.16 % from the previous quarter. Expenses ticked up slightly by 89.79 % quarter-on-quarter, aligning with the annual decline of -47.02 %. Operating profit, while up 1163.64 % compared to last year, faced a quarter-on-quarter increase of 444.19 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 12.14 %, but an expansion of 7.16 % sequentially. Interest expenses surged remarkably by 250 % from the previous quarter, yet the year-over-year increase remains at a moderate 337.5 %. Depreciation costs climbed by 13.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 37.04 %. Profit before tax grew annually by 486.02 % but saw an increase from the preceding quarter by 3163.64 %.
Tax expenses as a percentage of profits increased slightly by 60.8 % compared to last year, with a more notable quarter-on-quarter decrease of -34.19 %. Net profit rose by 285.23 % year-on-year but experienced a 16200 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 284.86 % but a quarterly rise of 13025 %. In summary, MODERN ENGINEERING AND PROJECTS 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. 67.618 Cr | Rs. 19.859 Cr | Rs. 40.742 Cr | + 105.16 % | -39.75 % |
| Expenses | Rs. 68.06 Cr | Rs. 19 Cr | Rs. 36.06 Cr | + 89.79 % | -47.02 % |
| Operating Profit | Rs. -0.44 Cr | Rs. 0.86 Cr | Rs. 4.68 Cr | + 444.19 % | + 1163.64 % |
| Net Profit | Rs. -0.88 Cr | Rs. 0.01 Cr | Rs. 1.63 Cr | + 16200 % | + 285.23 % |
| EPS in Rs | Rs. -2.84 | Rs. 0.04 | Rs. 5.25 | + 13025 % | + 284.86 % |
In reviewing MODERN ENGINEERING AND PROJECTS LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -39.75 % year-on-year, however, there was a minor increase of 105.16 % from the previous quarter. Expenses decreased by -47.02 % compared to the previous year, with a 89.79 % increase quarter-on-quarter. Operating Profit surged by 1163.64 % annually, and saw a 444.19 % increase from the last quarter.
Net Profit showed yearly increase of 285.23 %, and experienced a 16200 % increase from the previous quarter. Earnings Per Share (EPS) rose by 284.86 % annually, however rose by 13025 % compared to the last quarter. In essence, while MODERN ENGINEERING AND PROJECTS LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
322
3-Year Profit
92
5-Year Profit
0
10-Year Profit
70.9
Current Price
110
Market Cap
Upon examining the financial data for BSE code 539762, it becomes clear that the company achieved a notable five-year profit of 92 percents, which impressively increased to 322 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of 338 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 0 percents over the five-year period to just 701 percents in the last year. The ten-year average stock price, which sits at 0 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
The company has a market capitalization of ₹110 crore and is currently trading at ₹70.9 per share. Historically, the stock has fluctuated within a range of ₹87.3 / 10.7, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at , is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.00%, providing shareholders with a consistent return on their investment. ROCE is %, indicating how well the company is using its capital to generate profits, while ROE at % highlights the returns generated from shareholders' equity. The debt-to-equity ratio is , signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹ crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 0.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
