Micro Miscellaneous

Mitshi India Ltd.

MITSHI

₹14.11

-3.29% (-0.48)

Market Cap

₹13 Cr.

P/E

369.35

Mitshi India Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Mitshi India Ltd. Shareprice

Has the share price of Mitshi India grown faster than its competition?

Mitshi India has given lower returns compared to its competitors.
Mitshi India has grown at ~-2.91% over the last 2yrs while peers have grown at a median rate of 20.19%

Is Mitshi India stock expensive?

Yes, Mitshi India is expensive.
Latest PE of Mitshi India is 369, while 3 year average PE is 22.77.
Also latest EV/EBITDA of Mitshi India is 483 while 3yr average is 27.63.

View FAQ's On Business

Growth Table

Mitshi India Ltd.
Veerkrupa Jewellers
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-32.71	-2.91	12.16	-2.63	-14.23	-13.36	-4.20	-1.33	5.25	12.96
TTM EPS CAGR	-98.13	-74.55	—	-49.79	-43.86	-42.64	-30.30	—	—	—
Sales CAGR	-77.38	-22.99	-12.88	-9.15	-14.02	-3.59	6.59	44.86	45.77	38.44
PAT Margin (Abs Growth)	-5.94	0.50	-2.75	-5.59	-15.73	-13.67	114	79.89	131	40.97
PE CAGR	3,500	282	—	93.94	52.78	51.05	37.45	—	—	—
CFO CAGR	-94.72	—	—	—	—	—	—	-17.40	—	-6.88

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Mitshi India Ltd.
Veerkrupa Jewellers
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In Rs. Cr.	Mar'18	Mar'19	Mar'20	Sep'20
Assets	1.97	4.22	4.30	3.77
Non Current Assets	0.16	0.32	0.59	1.66
Net Block	0.05	0.21	0.31	0.15
Capital Work in Progress	0.00	0.00	0.00	—
Intangible Assets Under Development	—	—	—	—
Long Term Investments	0.00	0.00	0.00	1.25
Current Assets	1.81	3.91	3.71	2.11
Inventory	—	0.20	1.32	0.01
Accounts Receivable	0.49	2.13	1.85	1.55
Short Term Investments	—	—	—	—
Cash & Bank Balances	1.28	1.43	0.39	0.34
Liabilities	1.97	4.22	4.30	3.77
Shareholders Funds	0.36	1.27	1.86	2.23
Share Capital	8.80	8.80	8.80	8.80
Reserves	-8.44	-7.53	-6.94	-6.57
Non Current Liabilities	1.51	1.31	0.82	0.87
Secured Loans	—	—	—	—
Unsecured Loans	0.69	0.49	0.81	0.87
Current Liabilities	0.10	0.59	0.56	0.67
Accounts Payable	0.07	0.33	0.47	0.51
Short Term Loans	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Mitshi India Ltd.
Veerkrupa Jewellers
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In Rs. Cr.	Mar'18	Mar'19	Mar'20	TTM
Sales	2.93	5.70	9.74	8.17
Operating Expenses	2.70	4.52	8.97	7.28
Raw Material	2.12	3.52	8.54	0.00
Material Cost (%)	72.46	58.21	76.19	0.24
Employee Cost	0.19	0.44	0.69	0.32
Power & Fuel Cost	—	0.00	0.00	—
Operating Profit	0.23	1.18	0.77	0.89
Other Income	0.22	0.08	0.13	0.03
OPM (%)	7.76	20.73	7.93	10.87
Depreciation and Amortisation	0.03	0.07	0.08	0.08
Interest	0.00	0.00	0.00	0.00
Profit Before Tax	0.42	1.19	0.82	0.84
Tax	0.00	0.26	0.21	0.20
Net Profit	0.42	0.91	0.60	0.65
Number of shares(Crs)	0.88	0.88	0.88	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	—

TTM Values as of Dec 2020

Cash Flow

Mitshi India Ltd.
Veerkrupa Jewellers
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In Rs. Cr.	Mar'18	Mar'19	Mar'20
Cash from Operating Activity	-0.21	-0.55	-1.22
Profit Before Tax	0.42	1.19	0.82
Adjustments	-0.01	-0.10	-0.32
OCF Before Working Capital	0.41	1.09	0.49
Working Capital Changes	-0.62	-1.64	-1.72
Taxes Paid	—	—	—
Cash from Investing Activity	0.01	-2.83	1.05
Net Fixed Assets Purchased	-0.03	-0.22	-0.19
Fixed Assets Purchased	-0.03	-0.42	-0.19
Fixed Assets Sold	—	0.19	—
Investment Purchased	—	-1.22	—
Investment Sold	—	—	1.19
Interest Recieved	0.04	0.08	0.05
Dividends Recieved	—	—	—
Subsidiary Investments	—	-1.47	—
Cash from Financing Activity	1.46	2.31	0.32
Proceeds From Shares	1.80	2.50	—
Net Long Term Borrowings	0.00	-0.19	0.32
Proceeds From Borrowings	—	—	0.32
Repayment From Borrowings	—	-0.19	—
Interest Paid	—	—	—
Dividend Paid	—	—	—
Net Cash Flow	1.26	-1.07	0.15
Opening Cash & Cash Equivalents	0.02	1.28	0.21
Effect of FX	—	—	—
Closing Cash & Cash Equivalents	1.28	0.21	0.36
Net Capex (est)	0.03	0.22	0.19
Free Cash Flow (est)	-0.24	-0.77	-1.41

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Mitshi India Ltd.
Veerkrupa Jewellers
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	Mar'18	Mar'19	Mar'20
Operational Ratios
Quick Ratio	18.66	7.05	4.28
Liquid Assets (Crs)	1.81	4.17	2.39
Current Liabilities (Crs)	0.10	0.59	0.56
Current Ratio	18.66	6.61	6.65
Current Assets (Crs)	1.81	3.91	3.71
Current Liabilities (Crs)	0.10	0.59	0.56
Interest Coverage Ratio	1,059	1,718	169
EBIT (Crs)	0.42	1.19	0.82
Interest Expenses (Crs)	0.00	0.00	0.00
Fixed Asset Turnover	18.25	15.06	17.20
Net Sales (Crs)	2.93	5.70	9.74
Fixed Assets (Crs)	0.16	0.38	0.57
Cash Conversion Cycle	51.24	80.61	88.06
Inventory Days	0.00	12.83	28.43
Days Receivable	61.65	84.04	74.60
Days Payable	10.40	16.25	14.97
Debt to Equity Ratio	1.92	0.39	0.44
Total Debt (Crs)	0.69	0.49	0.81
Shareholders Equity (Crs)	0.36	1.27	1.86
Free Cash Flow/Sales (%)	-8.17	-13.53	-14.47
Free Cash Flow(est) (Crs)	-0.24	-0.77	-1.41
Net Sales (Crs)	2.93	5.70	9.74
Profitability Ratios
Gross Margin (%)	27.54	41.79	23.81
Op Profit Margin (%)	7.76	20.73	7.93
Operating Profit (Crs)	0.45	1.26	0.90
Net Sales (Crs)	2.93	5.70	9.74
Net Profit Margin (%)	14.27	16.00	6.11
Net Profit (Crs)	0.42	0.91	0.60
Net Sales (Crs)	2.93	5.70	9.74
ROCE (%)	22.33	32.86	21.93
EBIT (Crs)	0.42	1.19	0.82
Capital Employed (Crs)	1.87	3.63	3.74
Return on Assets (%)	21.21	21.59	13.84
Net Profit (Crs)	0.42	0.91	0.60
Total Assets (Crs)	1.97	4.22	4.30
ROIC (%)	39.56	41.35	16.68
Op Profit after Taxes (Crs)	0.19	0.87	0.51
Invested Capital (Crs)	0.49	2.10	3.07
ROE (%)	117	71.84	31.92
Net Profit Margin (%)	14.27	16.00	6.11
Asset Turnover ratio	1.49	1.35	2.27
Equity Multiplier	5.51	3.33	2.31
Adjusted EPS	0.47	1.04	0.68
Valuation Ratios
P/E	21.07	30.69	73.41
Price to Book	24.61	22.05	23.43
EV/EBITDA	18.18	21.41	49.07
Dividend Yield (%)	0.00	0.00	0.00

Quarterly Results

Mitshi India Ltd.
Veerkrupa Jewellers
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In Rs. Cr.	Sep'18	Dec'18	Mar'19	Jun'19	Sep'19	Dec'19	Mar'20	Jun'20	Sep'20	Dec'20
Net Sales	0.89	1.57	2.21	2.42	2.13	3.07	2.12	0.75	2.01	3.28
Operating Expenses	0.83	1.33	1.43	1.88	1.71	2.49	2.90	0.78	1.43	2.18
Increase/Decrease in Stock	-0.12	0.10	-0.16	0.17	-0.02	0.02	-1.29	0.66	0.65	-0.00
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	0.10	0.11	0.14	0.22	0.19	0.18	0.11	0.10	0.01	0.11
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	0.06	0.23	0.78	0.54	0.41	0.58	-0.77	-0.02	0.58	1.10
Other Income	0.04	0.02	0.02	0.02	0.04	0.04	0.03	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBDT	0.10	0.26	0.80	0.56	0.45	0.62	-0.74	-0.02	0.58	1.10
Depreciation and Amortization	0.02	0.02	0.01	0.02	0.02	0.02	0.03	0.02	0.02	0.02
Profit Before Tax	0.08	0.24	0.79	0.54	0.44	0.60	-0.77	-0.04	0.57	1.09
Tax	0.03	0.04	0.19	0.15	0.15	0.13	-0.22	0.00	0.13	0.28
Profit After Tax	0.05	0.20	0.59	0.39	0.29	0.47	-0.55	-0.04	0.43	0.81
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.07	0.17	0.55	0.41	0.35	0.45	-0.61	-0.05	0.42	0.80
Quarterly Ratios
EPS	0.08	0.19	0.62	0.46	0.40	0.51	-0.69	-0.06	0.48	0.91
Operating Profit Margin	6.76	15.00	35.20	22.41	19.50	18.98	-36.48	-3.18	28.98	33.59
Net Profit Margin	5.30	12.57	26.88	16.21	13.53	15.43	-26.11	-5.31	21.57	24.57

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

132.50%

Implied Growth Rate over a 5 year period*

48.00%

Implied Growth Rate over a 10 year period*

22.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Mitshi India Ltd. Financials

How strong is Mitshi India balance sheet?

Balance sheet of Mitshi India is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Mitshi India increasing or decreasing?

The net debt of Mitshi India is decreasing.
Latest net debt of Mitshi India is -₹0.27 Crs as of Mar-24.
This is less than Mar-23 when it was -₹0.26 Crs.

Is the profitablity of Mitshi India improving?

The profit is oscillating.
The profit of Mitshi India is ₹0.12 Crs for Mar 2024, ₹0.5 Crs for Mar 2023 and ₹0.01 Crs for Mar 2022

Does Mitshi India pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mitshi India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Mitshi India allocated its funds?

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable

View FAQ's On Shareholding

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Mitshi India Ltd.

Mitshi India Ltd.

Has the share price of Mitshi India grown faster than its competition?

Is Mitshi India stock expensive?

How strong is Mitshi India balance sheet?

Is the debt of Mitshi India increasing or decreasing?

Is the profitablity of Mitshi India improving?

Does Mitshi India pay decent dividends?

How has Mitshi India allocated its funds?

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