Mohindra Fasteners Limited (MFL) Unlisted Shares| Latest Share Price & Updates
Company Overview
MOHINDRA FASTENERS LIMITED (MFL) is the industry leader in providing a wide range of cold and hot forged fasteners and precision machined components for use in automotive and industrial applications. The company is listed on Metropolitan Stock Exchange under the symbol: MFL.Â
Mohindra Fasteners Ltd was incorporated as a public limited company on 10th January, 1995. During FY 2021, the company achieved turnover of ₹ 108 crores. The company has consistently distributed dividends to its shareholders during the past 5 years.Â
Business Model
MFL manufactures a wide range of high tensile industrial fasteners like bolts, studs, screws, special fasteners etc. from stainless steel and brass. The company’s profitability is tied to changes in the prices of steel, its major raw material.Â
MFL product range falls under 2 categories:
- Standard / Norm Parts as per various standards
- Drawing / Print / Automotive Parts
The company operates in two business verticals: Domestic Sales (30% of Revenues) and Exports division (70%). During FY 2021, the company exported goods worth ₹ 73 crores to customers located in North America and Europe.Â
The domestic client range of MFL varies from various automotive OEMs, their TIER 1 suppliers, heavy engineering and infrastructure manufacturers across India. The company is a direct supplier to Hero MotoCorp, Maruti Suzuki, Hyundai and Tata Motors.Â
The company has three state-of-the-art manufacturing plants located at Rohtak, Haryana. Besides, the company is also setting up its fourth (new) manufacturing location at IMT Rohtak, which is approx. 5 km away from the existing facilities.
Registered Office
The registered office of the company is located at 304, Gupta Arcade, Inder Enclave, Delhi Rohtak Road, New Delhi.
| Symbol | Mohindra Fasteners Ltd. |
|---|---|
| Face Value (₹): | 10 |
| ISIN: | INE705H01011 |
| Demat Status: | NSDL & CDSL |
| Lot Size: | 75 Shares |
Board of Directors :
| Name | Designation | Profile |
|---|---|---|
| Deepak Arneja | Managing Director & CEO |  |
| Ravinder Mohan Juneja | Managing Director | |
| Ved Prakash Chaudhary | Non executive Director (Independent) | |
| Gagandeep Singh Narang | Non executive Director |  |
| Vinod Kumar | Non executive Director (Independent) | |
| Shamoli Thakur | Non executive Director (Independent) | |
Key Business Highlights
- Industry leader in India in providing a wide range of cold and hot forged fasteners and precision machined components.
- Well-Diversified business model with 70% of income from exports and the rest from domestic clients.Â
- MFL caters to various automotive OEMs like Hero MotoCorp, Maruti, Tata Motors, their TIER 1 suppliers, heavy engineering and infrastructure manufacturers across India.
- MFL generated dividend income for its investors in the past.Â
- The shares of MFL are currently undervalued and investors can profit when the automobile industry recovers.
Ratio
| Ratio | FY22 | FY21 |
|---|---|---|
| Operating Margin | 13% | 13% |
| Net Profit Margin | 9% | 10% |
| Return on Equity | 15% | 16% |
| Debt-Equity | 0.35 | 0.23 |
| Current Ratio | 1.86 | 1.91 |
| Dividend Payout | 19% | 15% |
Note:-Â Dividend payout = Total Dividend/Net Income.
It indicates, how much % of its Net Income, the company is paying out as dividend to its Shareholders.
Financial Highlights
Annual Results
| Particulars | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 |
|---|---|---|---|---|---|
| Total Income (₹ Crores) | 139.62 | 108.39 | 104.17 | 135.52 | 115.50 |
| PAT (₹ Crores) | 12.36 | 10.38 | 9.37 | 9.10 | 6.03 |
| Basic & Diluted EPS | 23.00 | 19.38 | 17.49 | 17.00 | 11.26 |
| Book Value per Share (₹) | 138.49 | 123.60 | 109.96 | 97.09 | 82.35 |
| Equity (₹ Crores) | 81.60 | 66.21 | 58.90 | 52.01 | 44.11 |
Note:- During the year 2021-22
- The Company has one Joint Venture named ‘KK Mohindra Fastenings Pvt Ltd, hence 2021-22 figures are as per consolidated financials.
- The Company had issued and alloted 535661 fully paid-up equity shares of Face value of Rs.10/- each on right basis (‘Right Equity Shares’) in the ratio of 1:10 at an issue price of Rs.90/- per Right Equity share.
Quarterly Results
| Particulars | FY23-Q1 | FY23-Q2 | FY23-Q3 |
|---|---|---|---|
| Total Income (₹ Crores) | 33.65 | 41.24 | 43.63 |
| EBITDA (₹Crores) | 3.91 | 4.99 | 7.96 |
| PAT (₹ Crores) | 2.29 | 2.98 | 4.56 |
| PAT% | 6.79% | 7.23% | 10.46% |
| EPS | 3.88 | 5.06 | 7.74 |
Note :-
1) EPS denotes both Basic & Diluted EPS, and the same is not annualised.
2) The company operates only in one reportable segment viz ‘Manufacture of High Tensile
3) Above data is as per Consolidated Financials of the company.
Peer Comparison
| Company | Market Cap (₹ Crores) | Profitability Margin (%) | ROCE (%) | ROE (%) | D/E Ratio | P/E Ratio | P/B Ratio | Book Value per Share (₹) |
|---|---|---|---|---|---|---|---|---|
| Mohindra Fasteners Ltd | 133 | 9% | 19% | 15% | 0.35 | 9.78 | 1.62 | 138.49 |
| SecMark Consultancy Ltd | 87 | 18% | 15% | 11% | 0.05 | 0.00 | 2.62 | 56.69 |
| Suyog Gurbaxani Funicular Ropeways Ltd | 112 | -86% | -7% | -70% | 6.88 | 0.00 | 11.46 | 3.97 |
Media Updates
Frequently Asked Questions (FAQs)
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.Â
The procedure to buy the Mohindra Fasteners Ltd unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller.Â
When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.Â
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved. Â
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The Mohindra Fasteners Ltd shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
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The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Mohindra Fasteners Ltd Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in Â
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valu
Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds will be released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.Â
If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor.Â
If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.
The trading in unlisted shares is governed by Securities & Contract (Regulation) Act,1992 which comes under the preview of SEBI. The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors.Â
The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange.Â
Yes, NRI’s can also buy and sell Mohindra Fasteners Ltd unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.Â
