RATING

RECOMMENDATION

Strong Buy

  • Martin and Harris Laboratories
  • ₹2,152.00

  • PLACE ORDER
  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

  • Martin & Harris Growth

Get detailed information about the Martin and Harris Pre IPO shares. In this research report, you will get to know about Martin & Harris Laboratories Limited Key Ratio data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Martin & Harris Revenue Growth

Growth in %

  • 13.11%

    1 Year

  • 23.68%

    3 Year

  • 25.09%

    4 Year

The gradual increase in revenue of the company is primarily due to the increased no. of sales growth because of the impact of COVID-19 & continuous no. of increasing covid cases in the beginning of FY21. The revenue of the company has been increasing at a rate of 25.09% CAGR since last 4 years. The company is expected to grow majorly in terms of revenue and margins.

Martin & Harris Net Profit Growth(PAT)

Growth in %

  • 1289.73%

    1 Year

  • 56.25%

    2 Year

  • 57.23%

    4 Year

The company's PAT for FY21 was INR 117 Cr, showing a 57.23 % CAGR over the last four years. The significant increase in PAT was primarily owing to a short-term capital gain - FVTPL (Fair Value through Profit and Loss) of INR 155 Cr. The minor decline in PAT of the company in FY20 was attributable to rising material costs and a loss on fair valuation of shares measured at FVTPL.

Martin & Harris EPS Growth

Growth in %

  • 1289.64%

    1 Year

  • 56.25%

    2 Year

  • 57.23%

    4 Year

The company's EPS in FY21 is 442.6, representing a 57.23 % CAGR over the last four years, attributable mostly to an increase in net earnings of the company in FY21; however, the company's total equity has remained steady throughout these years.

  • Martin & Harris Book Value Growth

Growth in %

  • 35.73%

    1 Year

  • 27.59%

    2 Year

  • 32.87%

    3 Year

Martin & Harris EBITDA Growth

Growth in %

  • 764.48%

    1 Year

  • 54.77%

    2 Year

  • 51.24%

    4 Year

Martin & Harris Operating Profit Growth

Growth in %

  • 835.38%

    1 Year

  • 55.02%

    2 Year

  • 51.93%

    4 Year

The operating profit and EBITDA of the company in FY21 stands at INR 221 Cr and INR 225 Cr which has increased at a rate of 55.02% and 54.77% over the last year primarily due to the increase in total revenue for the company owing to a short term capital gain.

Martin & Harris Asset Growth

Growth in %

  • 49.31%

    1 Year

  • 32.25%

    3 Year

  • 28.32%

    4 Year

The significant increase in the asset base of the company in FY21 to INR 461 Cr is primarily because of the increase in non-current investments made by the company on fully paid-up equity shares of Reliance Industries Limited and advances paid by the company which are repayable on demand.

Martin & Harris Cash Flow from Operations

Growth in %

  • NA

    1 Year

  • NA

    3 Year

  • NA

    4 Year

The cash flow form operations for the company has been continuously since last 4 years and in FY21 it decreased to the levels of INR -170 Cr primarily owing to the increase in other current financial assets of the company which involves advance repayable on demand.

  • Martin & Harris Solvency Ratios

Martin & Harris D/E Ratio

The Debt to Equity ratio of the company has been significantly constant around 0.02 since last three years as the company has not taken any major debt which signifies a very low risk of solvency for the company, the major portion of debt standing in the financial statement of the company is cash credit from banks.

Martin & Harris Current Ratio

The company's current ratio decreased significantly in FY20, owing to an increase in current liabilities-trade payables to various creditors and short-term provisions such as proposed dividends and other expenses payables. However, in FY21, the current ratio increased to 7.42 as the company paid off its trade payables and short-term debt, resulting in a reduction in current liabilities.

Martin & Harris Quick Ratio

The company's quick ratio fell to 6.67 in FY21 from 9.91 in FY19, indicating that its liquidity has declined, owing mostly to an increase in current liabilities, particularly trade payables to various creditors. The company is currently reducing its current liabilities by paying off trade payables and short-term loans, while its quick assets, mainly cash and cash equivalents, have increased.

Martin & Harris Interest Coverage Ratio

The company's Interest Coverage Ratio is 909.47 in FY21, up from 94.51 in FY20. This is mostly due to the company's profit being much greater in FY21 than it was in FY20. Since the company has no significant debt, its interest payments are also minimal.

  • Martin & Harris Operating Efficiency

The operating efficiency of the company has increased significantly in FY21 primarily owing to the increase in net profits of the company as there was a short term capital gain to the company from assets measured at fair value through profit and loss.

Martin & Harris Operating Profit EBIT Margin(OPM)

Martin & Harris Profit Before Tax Margin (PBT Margin)

Martin & Harris Profit After Tax Margin (PAT Margin)

  • Martin & Harris Profitablity Ratio

Martin & Harris Return on Equity(RoE)

The return on equity for the company increased to 49.49% in FY21 from being at 4.83% in FY20. As per dupont analysis the net income margin for the company increased drastically to 105.5% in FY21 from being at 4.8% in FY20, although the asset turnover of the company decreased to 13.19 in FY21 from 24.03 in FY20 but the financial leverage changed slightly to 1.08 in FY21 from 1.1 in FY20.

Martin & Harris Return on Capital Employed(RoCE)

Martin & Harris Return to Assets (RoA)

  • Martin & Harris Valuation Ratios

Martin & Harris Dividend Yield

Martin & Harris Earning Yield