RATING

RECOMMENDATION

Strong Buy

  • 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

  • Mohan Meakin Growth

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

Mohan Meakin Revenue Growth

Growth in %

  • 34.61%

    1 Year

  • 15.60%

    3 Year

  • 17.00%

    5 Year

The company has created a total revenue of Rs.1029 Cr.,  representing a 34% year-over-year (y-o-y) growth in FY22. With a 167-year history, the company's "Old Monk" brand has strong brand awareness and an established position in the domestic IMFL market. The U.P. Government changed the excise policy and has made it Industrial Friendly w.e.f 01/04/2018, as a result of which the company would get the opportunity to substantially increase its sale of various brands of Liquor and Beer in the state of U.P., which had considerably come down over the period. The results of the change in excise policy are visible in the overall performance of the company during recent years. Also, the demand for alcohol has increased 70%  y-o-y as per the research of the Indian Council for Research on International Economic Relations (ICRIER) shows the direct impact on the revenue.

Mohan Meakin Net Profit Growth(PAT)

Growth in %

  • 27.65%

    1 Year

  • 15.78%

    3 Year

  • 61.79%

    5 Year

In FY22, the net income increased at a CAGR of almost 28% y-o-y. The company's "Old Monk" brand has a strong following and a strong presence in the regional IMFL market. Due to its well-known brand image, the firm does not need to spend as much money on advertising, which helps to lower the organization's overall cost.

Mohan Meakin EPS Growth

Growth in %

  • 27.63%

    1 Year

  • 15.78%

    3 Year

  • 61.70%

    5 Year

Since the last 6 years, from FY17 to FY22, the company's EPS has been steadily increasing due to constant increases in profit.

  • Mohan Meakin Book Value Growth

Growth in %

  • 33.77%

    1 Year

  • 32.65%

    2 Year

  • 34.79%

    3 Year

Increase in equity is noticed primarily on the back of increase in retained earnings (due to increase in net profits)

Mohan Meakin EBITDA Growth

Growth in %

  • 22.96%

    1 Year

  • 10.76%

    3 Year

  • 32.67%

    5 Year

The company's EBIDTA has increased principally as a result of increasing efficiency in generating revenue at a lower cost per unit of revenue, aided by economies of scale in their manufacturing process.

Mohan Meakin Operating Profit Growth

Growth in %

  • 23.62%

    1 Year

  • 10.34%

    3 Year

  • 34.93%

    5 Year

Mohan Meakin Asset Growth

Growth in %

  • 20.24%

    1 Year

  • 14.86%

    3 Year

  • 11.73%

    5 Year

The company's assets climbed by 20% y-o-y in FY22 the increase in current assets showed major growth. in FY22 the bank balance of the company increased by around Rs.30 Cr. On the other side, due to the disruption in business continuity, stocks of raw materials and finished products increased.

Mohan Meakin Cash Flow from Operations

Growth in %

  • 60.54%

    1 Year

  • -1.15%

    3 Year

  • 13.53%

    5 Year

  • Mohan Meakin Solvency Ratios

Mohan Meakin D/E Ratio

Since FY17 to FY22, the company's debt dropped by roughly 24% y-o-y. In FY22, compared to FY21, there is an increase of Rs.10 Cr. for their defered payment liability. Currently, the company has deferred payment liability for UPSIDC Limited's instalments due on land at Salempur Industrial Area, Hathras, Uttar Pradesh, and loan on purchase of vehicles around 52 lacs. which is hypothecation of individual cars provides security. The loan can be paid back in 60 to 84 monthly payments. Overall, the company as able to payback a good amount of its debt over a period of years and it's equity has increased due to increase in retained earnings, 


Mohan Meakin Current Ratio

Since the last six financial years, from FY17 to FY22, the company's current ratio has increased by 17% y-o-y. To meet short-term obligations, the company has maintained a standard liquidation position. In the last four financial years, from FY19 to FY22, short-term borrowings have reduced by 14 % y-o-y, which is a positive indicator for the company.

Mohan Meakin Quick Ratio

Mohan Meakin Interest Coverage Ratio

The firm's interest expense has fallen by 47% y-o-y in FY22, which is a positive sign. The company has also maintained strong liquidity to meet this type of expense.

  • Mohan Meakin Operating Efficiency

The operating efficiency of the company has increased y-o-y from FY21 to FY22 because of the rapid spike in product demand following the nation's lockdown. The desire to consume products after a four to five-month hiatus has boosted sales and revenue, allowing the company to cover its operating costs. The government also reduced the income tax rate from 35% in FY20 to 25% in FY22, resulting in a fall in tax and an increase in PAT.

Mohan Meakin Operating Profit EBIT Margin(OPM)

Mohan Meakin Profit Before Tax Margin (PBT Margin)

Mohan Meakin Profit After Tax Margin (PAT Margin)

  • Mohan Meakin Profitablity Ratio

Mohan Meakin Return on Equity(RoE)

The ROE of the company has decreased by 5% y-o-y in FY22, and the net profit of the company has increased 28% y-o-y but the Equity of the company has increased at a higher rate which impacted at a higher rate. As per Du's point analysis, the net profit margin of the company has decreased because of the increase in operational revenue at a higher rate then the net income.

Mohan Meakin Return on Capital Employed(RoCE)

From FY16 to FY21, the company's ROCE improved by 37.32 % y-o-y. from FY18 to FY21, the company has diversified its investment in associate companies such as National Cereals Products Limited and John Oakey & Mohan Limited. In FY21, the company additionally made equity investments in The Indian Hotels Company Limited and Tai Industries Limited.

Mohan Meakin Return to Assets (RoA)

The company's ROA climbed 9% y-o-y in FY22, indicating the company's profitability in relation to its assets or resources. The company's assets increased 10 % y-o-y in FY22. Fixed assets, particularly Plant and Machinery, which grew by almost Rs 3 Cr. in FY22, have had a significant impact on asset growth.

  • Mohan Meakin Valuation Ratios

Mohan Meakin Earning Yield