Table of Contents

Mandhana Industries Ltd

Updated on November 12, 2024

Stock/Share Code - MANDHANA

Mandhana Industries engage in manufacturing of textiles and garments with state-of-the-art infrastructure. The scope of Mandhanas business includes designing, yarn dyeing, weaving, processing, printing and garment manufacturing.

Below is the details of MANDHANA Mandhana Industries Ltd

Market Cap	₹7.78 Cr.
Current Price	₹2.35
52 Week High / Low Price	₹8.6 / ₹2.25
Face Value	₹10
Stock P/E
Book Value	-₹239.39
Dividend Yield	0.00 %
ROCE	-90.90 %
ROE	%
Sales Growth (3yrs)	-40.43 %
Sector	Textiles
Industry	Textiles - Products
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company has reduced debt.

Cons: Company has low interest coverage ratio. Promoter's stake has decreased The company has delivered a poor growth of -24.87% over past five years. Promoter holding is low: 32.03% Earnings include an other income of Rs.4.63 Cr.

Mandhana Industries Ltd Peer Comparison in Textiles

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Welspun India	₹66.05	11.94	₹5,536.04 Cr.	1.18	-₹79.29 Cr.	67.07	3.38	1557.20	11.98
2.		29.81	₹5,082.33 Cr.	0.36	₹67.51 Cr.	28.32	10.97	1808.71	9.30
3.	TCNS Clothing		38.04	₹4,999.37 Cr.	0.00	₹32.68 Cr.	50.05	12.66	290.66	40.54
4.	Trident		9.26	₹3,447.41 Cr.	2.22	₹92.57 Cr.	80.06	18.54	1405.42	9.05
5.	Garware Tech.		22.04	₹2,608.34 Cr.	0.38	₹24.71 Cr.	14.24	10.28	222.18	26.24
6.	Swan Energy		1105.97	₹2,576.91 Cr.	0.09	-₹32.91 Cr.	-148.34	-14.06	87.63	2.39
7.	Himatsing. Seide		9.88	₹1,944.59 Cr.	1.27	₹48.37 Cr.	-3.91	22.62	690.86	13.04
8.	Mandhana Indus			₹7.78 Cr.	0.00	-₹21.28 Cr.	56.95	7.88	85.59	-90.90

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Mandhana Industries Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019
Sales	158.17	135.38	110.92	112.24	86.44	79.67	82.39	79.34	66.93	58.25	81.59	85.59
YOY Sales Growth %	-54.91%	-70.21%	-72.94%	-76.23%	-45.35%	-41.15%	-25.72%	-29.31%	-22.57%	-26.89%	-0.97%	7.88%
Expenses	536.09	287.21	123.77	142.76	113.99	152.66	585.39	81.34	65.00	62.98	80.25	87.40
Material Cost %	292.66%	166.48%	60.93%	62.3%	74.14%	117.65%	93.77%	36.84%	23.37%	25.96%	29.73%	31.94%
Employee Cost %	17.13%	16.52%	17.89%	17.61%	19.41%	24.15%	21.29%	25.36%	24.08%	28.09%	21.93%	21.99%
Operating Profit	-377.92	-151.83	-12.85	-30.52	-27.55	-72.99	-503.00	-2.00	1.93	-4.73	1.34	-1.81
OPM %	-238.93%	-112.15%	-11.58%	-27.19%	-31.87%	-91.62%	-610.51%	-2.52%	2.88%	-8.12%	1.64%	-2.11%
Other Income	-0.90	2.49	1.52	0.45	1.21	1.15	0.18	3.09	1.83	2.06	0.44	0.30
Interest	26.53	34.38	32.57	44.57	37.92	38.12	41.62	50.40	0.52	0.00	0.00	0.00
Depreciation	10.17	10.27	10.26	10.15	10.04	9.98	9.99	9.21	9.92	10.00	9.95	9.31
Profit before tax	-415.52	-193.99	-54.16	-84.79	-74.30	-119.94	-554.43	-58.52	-6.68	-12.67	-8.17	-10.82
Tax %	0.48%	0.03%	1.59%	20.11%	-2.75%	0.87%	-0.00%	15.52%	31.14%	12.63%	33.54%	-96.67%
Net Profit	-413.53	-193.93	-53.30	-67.73	-76.33	-118.90	-554.42	-49.43	-4.61	-11.06	-5.43	-21.28
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Sales	240	407	463	626	838	980	1,363	1,518	1,543	1,647	515	326	292
Sales Growth %	32.53%	69.32%	13.84%	35.09%	33.96%	16.92%	39.07%	11.36%	1.65%	6.72%	-68.75%	-36.62%	%
Expenses	196	335	378	497	686	793	1,161	1,271	1,312	1,402	1,073	910	296
Material Cost %	55.52%	63.41%	62.04%	64.02%	65.29%	62.93%	66.59%	64.28%	68.3%	66.42%	160.48%	81.03%	%
Manufacturing Cost %	11.56%	8.01%	8.51%	6.72%	9.2%	9.89%	10.55%	10.26%	9.51%	9.8%	23.7%	30.78%	%
Employee Cost %	6.14%	5.3%	6.2%	5.45%	4.83%	4.87%	4.88%	5.05%	4.9%	6.22%	17.31%	22.59%	%
Other Cost %	8.37%	5.5%	4.9%	3.28%	2.57%	3.23%	3.17%	4.12%	2.33%	2.69%	7.13%	144.48%	%
Operating Profit	44	72	85	128	152	187	202	247	231	245	-559	-583	-3
OPM %	18%	18%	18%	21%	18%	19%	15%	16%	15%	15%	-109%	-179%	-1%
Other Income	1	5	1	-17	3	1	-5	-4	7	13	4	6	5
Interest	8	15	19	28	36	61	74	103	101	122	141	170	1
Depreciation	7	9	11	17	19	23	26	29	38	40	52	59	39
Profit before tax	30	54	56	67	99	103	96	111	99	95	-748	-807	-38
Tax %	35%	35%	35%	35%	33%	29%	32%	47%	37%	36%	3%	1%
Net Profit	19	35	37	43	67	73	65	59	63	60	-728	-799	-42
EPS in Rs					7.36	8.07	7.20	6.64	7.03	6.76	0.00	0.00
Dividend Payout %	11%	7%	7%	10%	10%	9%	10%	11%	421%	0%	-0%	-0%

Compounded Sales Growth

10 Years:: -2.19%
5 Years:: -24.87%
3 Years:: -40.43%
TTM:: -10.82%

Compounded Profit Growth

TTM:: -94.70%

Return on Equity

Last Year:: None%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Share Capital	10	11	11	25	33	33	33	33	33	33	33	33	33
Equity Capital	10.5	11.33	11.33	24.82	33.12	33.12	33.12	33.12	33.12	33.12	33.12	33.12	33.12
Reserves	44	88	122	169	319	384	439	490	521	742	14	-783	-826
Borrowings	161	228	318	414	557	702	858	934	874	1,003	1,062	1,046	734
Other Liabilities	43	67	99	98	113	111	193	217	223	216	244	389	805
Trade Payables	17.26	23.94	38.71	20.36	35.9	26.88	89.3	91.2	94.01	39.1	59.05	41.06	44.98
Total Liabilities	258	394	550	706	1,023	1,230	1,523	1,674	1,652	1,994	1,353	686	746
Fixed Assets	142	213	320	365	462	501	547	548	550	685	635	564	525
Gross Block	163.28	242.29	360.3	422.95	537.85	600.44	672.25	701.33	728.36	901.96	904.51	891.85
Accumulated Depreciation	21.3	29.49	40.66	57.88	75.87	99.17	125.29	153.81	178.81	217.17	269.04	327.4
CWIP	18	3	0	3	22	31	10	18	0	0	0	0	0
Investments	0	0	0	0	24	3	1	1	0	0	0	0	0
Other Assets	98	178	231	338	515	695	965	1,108	1,102	1,309	718	121	221
Inventories	49.48	90.36	137.26	183.75	269.07	382.04	496.76	538.39	532.13	542.44	187.09	34.59	48.03
Trade receivables	29.36	31.47	40.78	94.52	156.52	180.52	273.97	389.91	408.37	529.19	416.94	39.73	37.21
Cash Equivalents	2.34	2.15	5.59	1.89	6.04	2.93	22.45	10.81	11.6	11.44	5.3	22.71	112.38
Loans n Advances	16.42	54.42	47.07	57.6	46.98	64.15	100.7	100.97	116.36	194.77	96.39	19.88	3.8
Total Assets	258	394	550	706	1,023	1,230	1,523	1,674	1,652	1,994	1,353	686	746

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	13	-4	52	-15	-32	-0	-13	50	157	61	2	20
Profit from operations	45.55	75.16	84.85	110.84	151.22	183.28	194.16	237.94	233.7	255.64	-559.58	-139.13
Working Capital Changes	-29.81	-72.9	-19.24	-120.49	-155.6	-162.14	-190.61	-158.02	-43.42	-191.57	562.02	159.15
Taxes paid	-2.48	-6.59	-13.52	-5.51	-28	-21.25	-16.9	-29.65	-33.38	-3.4	-0.9	0
Cash from Investing Activity	-23	-60	-115	-75	-177	-77	-52	-32	-21	-20	27	5
Fixed Assets Purchased	-22.63	-78.38	-117.32	-75.51	-148.03	-101.79	-52.88	-38.93	-43.15	-18.89	-3.24	-0.19
Fixed Assets Sold	1.94	16.24	2.47	0.87	10.33	7.56	1.1	5.98	21.41	2.47	2.72	4.28
Investments purchased	0	0	0	0	-25.11	0	0	0	0	0	0	0
Investments sold	0	0	0	0	0	18.05	0	0	0	0	0	0
Cash from Financing Activity	8	66	66	86	212	73	79	-29	-133	-43	-27	-13
Proceeds from Shares	6.44	16.23	0	25	107.9	0	0	0	0	0	0	0
Proceeds from Borrowings	12.21	69.6	85.95	102.64	149.38	152.85	160.01	79.17	56.27	0	0	0
Repayment of Borrowings	-0.28	0	-0.19	-6.32	-0.35	-13.95	0	0	-83.05	-33.06	-16.68	-2.16
Interest Paid	-7.94	-14.52	-17.57	-26.72	-33.87	-54.15	-73.88	-85.94	-95.02	-113.41	-85.27	-2.8
Dividends Paid	-2.4	-1.99	-1.99	-5.81	-2.9	-11.57	-3.85	-7.7	-7.75	-7.97	0	0
Net Cash Flow	-1	2	3	-4	3	-3	14	-11	3	-2	2	12

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Ratios

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROCE %	19%	24%	19%	18%	18%	16%	14%	15%	14%	14%	-42%	-91%
Debtor Days	45	28	32	55	68	67	73	94	97	117	296	44
Inventory Turnover	6.43	5.82	4.07	3.90	3.70	3.01	3.10	2.93	2.88	3.06	1.41	2.94

Announcements & News

Recent Announcements

Reg.24(A)-Annual Secretarial Compliance | May 30, 2019
Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March, 2019 | May 24, 2019
Outcome of Board Meeting | May 23, 2019
Board Meeting Intimation for To Consider, Approve And Take On Record The Audited Financial Results For The Quarter Ended And Financial Year Ended 31St March, 2019 | May 13, 2019
Format of Initial Disclosure to be made by an entity identified as a Large Corporate | May 4, 2019

Credit Ratings

Annual Reports

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