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Magna Electro Castings Ltd Fundamentals

Market Cap
₹ 188.79 Cr
P/E Ratio (TTM)
13.71
P/B Ratio
1.88
Debt to Equity
0.03
ROE
19.83
EPS (TTM)
32.54
Dividend Yield
0.67 %
Book Value
237.67

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Magna Electro Castings Ltd Financials

Magna Electro Castings Ltd Financials

Magna Electro Castings Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 53.38 % 53.38 % 53.38 % 53.38 %
Retail 32.73 % 32.76 % 32.52 % 33.66 %
Others 13.89 % 13.86 % 14.10 % 12.96 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %
FII 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

53.38%

Retail

32.73%

Others

13.89%

Mutual Funds

0.00%

FII

0.00%

Promoters

53.38%

Retail

32.76%

Others

13.86%

Mutual Funds

0.00%

FII

0.00%

Promoters

53.38%

Retail

32.52%

Others

14.10%

Mutual Funds

0.00%

FII

0.00%

Promoters

53.38%

Retail

33.66%

Others

12.96%

Mutual Funds

0.00%

FII

0.00%

Resistance and Support

₹448.90

PIVOT

resistance-arrow
Resistance
First Resistance₹451.700
Second Resistance₹457.300
Third Resistance₹460.100
support-arrow
Support
First Support₹443.300
Second Support₹440.500
Third Support₹434.900

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day8,8668,42094.97
Week2374,0280.00
1 Month2373,4140.00
6 Months540,972452,66180.38

About Magna Electro Castings Ltd

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.

Managing Director

1990

Founded

N Krishna Samaraj

NSE Symbol

NA

Magna Electro Castings Ltd Management

NameDesignation
J VijayakumarNon Executive Director
V Rajendran Director
K GnanasekaranIndependent Director
R NandiniIndependent Director
Jairam Varadaraj.Independent Director
N Krishna SamarajManaging Director
Jairam Varadaraj Director
G D RajkumarIndependent Director
R Ravi Company Secretary
C R Swaminathan Additional Director
M MalmaruganExecutive Director
Ajeya Vel NarayanaswamyNon Executive Director
Vijayalakshni NarendraIndependent Director
Divya DuraisamyCompany Sec. & Compli. Officer

Events

Dividend Announcement for Magna Electro Castings Ltd - May 30, 2023

On May 30, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 30.0%. This dividend percentage reflec...

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Magna Electro Castings Ltd News

Magna Eletrocasting to convene board meeting
On 29 May 2024
Magna Electro Castings standalone net profit declines 7.35% in the December 2023 quarter
Sales decline 9.01% to Rs 35.15 crore
Magna Eletrocasting to discuss results
On 5 February 2024
Magna Electro Castings standalone net profit declines 44.15% in the September 2023 quarter
Sales decline 20.19% to Rs 36.81 crore
Magna Eletrocasting to table results
On 1 November 2023
Magna Electro Castings standalone net profit declines 2.36% in the June 2023 quarter
Sales decline 17.83% to Rs 35.39 crore
Magna Eletrocasting to declare Quarterly Result
On 7 August 2023
Magna Eletrocasting schedules AGM
On 26 August 2023
Board of Magna Eletrocasting recommends final dividend
Of Rs 3 per share
Magna Electro Castings standalone net profit rises 150.00% in the March 2023 quarter
Sales rise 5.74% to Rs 36.82 crore

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Magna Electro Castings Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Magna Electro Castings Ltd shares in BlinkX

Magna Electro Castings Ltd's P/E ratio is 13.71 times as of May 18, 2024 at 04:00 PM.

Magna Electro Castings Ltd's most recent financial reports indicate a price-to-book ratio of 1.88, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Magna Electro Castings Ltd's market is 189 Cr as on May 18, 2024 at 04:00 PM.

The current financial records of Magna Electro Castings Ltd show a 19.83% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Magna Electro Castings Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Magna Electro Castings Ltd stands at 53.38%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.00% to 0.00%.