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Magna Electro Castings
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Magna Electro Castings Ltd was incorporated in 1990. The company was promoted and Managed by N Krishna Samaraj. The company is mainly engaged in manufacturing and selling of Cast Iron Components.
In 2001 the company has successfully commissioned its state of the art CAD/CAM Centre for producing tooling.
The Company had implemented a Energy Conservation Project in 2001-02 at a cost of Rs.110 lakhs and was funded by internal accruals and term loans from Corporation Bank. In the area of raw material recycling and production automation the company is planning to make investments to the tune of Rs.150 lakhs and will be financed by means of Internal accruals and Term Loans. This project was put on hold due to decision on implementation of the latest technology and processes.
The Company commissioned the Gas project costing Rs 0.41 Crores during 2004. In 2005, it commissioned the Furan Fast Loop Line and the Sand Mixer plants costing Rs 3.78 Crores. It installed one 750 kw Wind Electric Generator costing Rs 3.06 Cr. at Andhiyur Village in Pollachi Taluk. It commissioned one 1650 kw Wind Electric Generator in Ganapathipalayam village, Pollachi Taluk costing Rs 9.70 Crores during August 2005.
The e Phase I Expansion Project costing Rs 8.14 Crores for construction of buildings was completed and the required plant and machinery was commissioned during 2007. The Company implemented the Phase I of the expansion project, thereby increasing the capacity from 600 MT to 900 MT per month in 2008.
During 2009, the Company commissioned the Sand Pre-Processing Plant. During 2011-12, it installed/commissioned the Automatic Grinding cell which was imported from Italy for fettling operations. It also commissioned the additional factory building measuring about 30,000 Sq.Ft. which will accommodate the machining activities of the Company.
In 2012-13, it commissioned the new Hunter Molding Machine. It augmented Diesel Power Generating capacity, with the installation of two 1500 KVA generators. Capable of parallel operation through an automatically computer controlled synchronized panel, the sets can provide 3000 KVA power.
During 2014-15, it installed new Energy efficient Melting Induction Furnace, replacing the old and worn out furnaces and in 2015-16, further installed the Furan Thermal Reclamation Sand Plant costing Rs 2 Crores for reclamation of sand and also installed the Furan No Bake Continuous Mixer for achieving consistency in casting dimension and 3D Printing Technology for shorter development time and reduction in sampling time.
During 2016-17, it installed the Furan core preheating oven in its production line costing Rs 0.11 Crores. The Core Shop was upgraded during 2017-18 utilizing lndustry 4.0 Techinques and enabled process.
The Sample coin conveying system was commissioned during 2018-19. The Company installed Green Sand Reclamation Plant during 2020-21. It further installed a new Fume Extraction System in the furnaces which will enable the Company to use alternative raw materials at a lower cost as well as keeping the environment free of pollution. It also installed certain balancing equipments to enhance the manufacturing capabilities.
During 2021-22, it installed new 1 Ton Capacity induction melting furnace to enhance its existing furnace capacity. During 2022-23, it installed some balancing equipments/machinery which will enhance the production activities of the Company. Civil works were undertaken to increase the floor space of the finishing division and machine shop. Roads were also laid/ re-laid to facilitate easy of movement of vehicles inside the Plant.
Magna Electro Castings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Magna Electro Castings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Magna Electro Castings is valued compared to its competitors.
Magna Electro Castings PE ratio helps investors understand what is the market value of each stock compared to Magna Electro Castings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Magna Electro Castings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Magna Electro Castings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Magna Electro Castings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Magna Electro Castings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Magna Electro Castings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Magna Electro Castings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Magna Electro Castings helps investors get an insight into when they can enter or exit the stock. Key components of Magna Electro Castings Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Magna Electro Castings shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Magna Electro Castings ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Magna Electro Castings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Magna Electro Castings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Magna Electro Castings .
The balance sheet presents a snapshot of Magna Electro Castings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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