Magna Electrocas

Why is Magna Electro Castings Ltd falling/rising?

As of 11-Jun, Magna Electro Castings Ltd's stock price is declining at 1,025.75, down 2.28%. This decline is due to recent underperformance, reduced trading volume, and mixed signals from moving averages, despite a positive year-to-date performance.

As of 11-Jun, Magna Electro Castings Ltd is experiencing a decline in its stock price, currently at 1,025.75, reflecting a change of -23.95 (-2.28%). This drop can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has underperformed in the short term, with a 1-week change of -0.14%, which is better than the Sensex's decline of -0.71%, but the 1-month performance shows a significant drop of -11.75% compared to the Sensex's -2.87%. Additionally, the stock's year-to-date performance is positive at +14.77%, contrasting with the Sensex's -13.36%, indicating that while it has had a strong start to the year, recent trends are concerning.<BR><BR>The stock's performance today indicates a day’s low of Rs 1018, which is a decrease of -3.02%. Furthermore, the moving averages show that the stock is currently higher than the 5-day, 100-day, and 200-day moving averages but lower than the 20-day and 50-day moving averages, suggesting mixed signals regarding its short-term momentum.<BR><BR>Another critical factor is the falling investor participation, as evidenced by a delivery volume of 588 on June 10, which has decreased by -44.78% against the 5-day average. This decline in trading activity could indicate a lack of confidence among investors, contributing to the stock's downward pressure.<BR><BR>Overall, the combination of recent underperformance, reduced trading volume, and mixed moving average signals are contributing to the decline in Magna Electro Castings Ltd's stock price.

Which are the latest news on Magna Electrocas?

How big is Magna Electrocas?

As of 10th June, Magna Electro Castings Ltd has a market capitalization of 454.00 Cr, with recent net sales of 196.44 Cr and a net profit of 18.48 Cr. Shareholder's funds are 129.30 Cr, and total assets are 182.71 Cr.

As of 10th June, Magna Electro Castings Ltd has a market capitalization of 454.00 Cr, classifying it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 196.44 Cr and a Net Profit of 18.48 Cr.<BR><BR>For the latest annual period ending March 2025, the Shareholder's Funds amounted to 129.30 Cr, while Total Assets were reported at 182.71 Cr.

Who are in the management team of Magna Electrocas?

The management team of Magna Electrocas includes N Krishna Samaraj (Managing Director), M Malmarugan (Executive Director), and several independent and non-executive directors, bringing diverse expertise to the company.

The management team of Magna Electrocas includes the following individuals:<BR><BR>1. **N Krishna Samaraj** - Managing Director<BR>2. **M Malmarugan** - Executive Director<BR>3. **J Vijayakumar** - Director<BR>4. **K Gnanasekaran** - Independent Director<BR>5. **R Nandini** - Independent Director<BR>6. **Jairam Varadaraj** - Independent Director<BR>7. **G D Rajkumar** - Independent Director<BR>8. **Ajeya Vel Narayanaswamy** - Non-Executive Director<BR>9. **Vijayalakshni Narendra** - Independent Director<BR><BR>This team brings a diverse range of expertise and leadership to the company.

Who are the peers of the Magna Electrocas?

Magna Electrocas's peers include Nelcast, Synergy Green, Inv.& Prec.Cast., Nitin Castings, Kalyani Forge, Gujarat Intrux, Krishanveer Forg, Tirupati Forge, and ANB Metal. Key metrics show Magna has good growth and excellent capital structure, with a 1-year return of -5.94%, better than Kalyani Forge but lower than Inv.& Prec.Cast.

Peers: The peers of Magna Electrocas are Nelcast, Synergy Green, Inv.& Prec.Cast., Nitin Castings, Kalyani Forge, Gujarat Intrux, Krishanveer Forg, Tirupati Forge, and ANB Metal.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gujarat Intrux and Krishanveer Forg, while Average management risk is found at Nelcast, Synergy Green, Inv.& Prec.Cast., Magna Electrocas, Nitin Castings, Kalyani Forge, Tirupati Forge, and ANB Metal. Growth is rated as Excellent for Tirupati Forge and ANB Metal, Good for Magna Electrocas, Nelcast, and Kalyani Forge, Average for Inv.& Prec.Cast. and Nitin Castings, and Below Average for Synergy Green and Krishanveer Forg. Capital Structure is rated as Excellent for Magna Electrocas, Nitin Castings, Gujarat Intrux, and Krishanveer Forg, Below Average for Nelcast, Synergy Green, Inv.& Prec.Cast., and Kalyani Forge, and Good for Tirupati Forge and ANB Metal.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Inv.& Prec.Cast. at 25.30%, while the lowest is Kalyani Forge at -17.16%. Magna Electrocas has a 1-year return of -5.94%, which is higher than Kalyani Forge but lower than Inv.& Prec.Cast. Additionally, peers with a negative six-month return include Kalyani Forge, Gujarat Intrux, and Krishanveer Forg.

What does Magna Electrocas do?

Magna Electro Castings Ltd manufactures and sells cast iron components in the Castings & Forgings industry. As of March 2026, it reported net sales of 48 Cr and a net profit of 3 Cr, with a market cap of INR 454 Cr.

Overview:<BR>Magna Electro Castings Ltd is engaged in the manufacturing and selling of cast iron components within the Castings & Forgings industry and operates in the micro-cap market.<BR><BR>History:<BR>The company was incorporated in 1990 and has been managed by N Krishna Samaraj. The latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 48 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 3 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 454 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 24.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.57% <BR>Debt-Equity: -0.01 <BR>Return on Equity: 12.74% <BR>Price to Book: 3.09 <BR><BR>Contact Details:<BR>Address: 43 (Old No 62), Balasundaram Road Coimbatore Tamil Nadu : 641018 <BR>Tel: 91-422-2240109 <BR>Email: info@magnacast.com <BR>Website: http://www.magnacast.com

Should I buy, sell or hold Magna Electro Castings Ltd?

Are Magna Electro Castings Ltd latest results good or bad?

Magna Electro Castings Ltd's latest results are concerning, with a 44.87% decline in net profit quarter-on-quarter and a contraction in operating margin to 13.76%, indicating significant operational challenges despite a slight year-on-year revenue growth. Overall, these results are considered bad, highlighting the need for improved expense management.

The latest results for Magna Electro Castings Ltd are concerning. In the quarter ending March 2026, the company reported a significant decline in net profit, which fell by 44.87% quarter-on-quarter and 44.81% year-on-year, resulting in a net profit of ₹2.66 crores. This marks the lowest profit level since September 2024.<BR><BR>While the company did achieve a year-on-year revenue growth of 4.61%, there was a sequential decline in sales of 0.77%, indicating operational challenges. The operating margin also contracted to 13.76%, the lowest in seven quarters, reflecting increased cost pressures, particularly from rising employee costs, which outpaced revenue growth.<BR><BR>Overall, the combination of declining profitability, margin compression, and rising costs raises significant concerns about the company's operational efficiency and ability to manage expenses effectively. This performance stands in stark contrast to the broader castings and forgings sector, which has been performing better. Therefore, the results can be characterized as bad, highlighting the need for the company to address these operational challenges moving forward.

Is Magna Electrocas overvalued or undervalued?

As of November 27, 2025, Magna Electrocas is considered undervalued with an attractive valuation grade, featuring a PE Ratio of 18.57 and a strong ROCE of 20.50%, especially when compared to peers like Bharat Forge and CIE Automotive, despite recent underperformance against the Sensex.

As of 27 November 2025, Magna Electrocas has moved from a fair to an attractive valuation grade. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE Ratio of 18.57, an EV to EBITDA of 11.77, and a ROCE of 20.50%. <BR><BR>In comparison to peers, Bharat Forge has a significantly higher PE Ratio of 63.36, while CIE Automotive, which is also attractive, has a PE of 19.47. This indicates that Magna Electrocas is positioned favorably within its industry, particularly when considering its strong return on capital employed. Despite recent underperformance against the Sensex over the past year, the long-term returns of 129.90% over three years and 439.45% over five years suggest a robust growth trajectory that supports the current undervaluation narrative.

How has been the historical performance of Magna Electrocas?

Magna Electrocas has shown steady growth in net sales and profitability, with net sales reaching 176.45 Cr in March 2025, up from 143.70 Cr in March 2024. Key financial metrics, including operating profit and profit after tax, also improved significantly, reflecting a strong financial foundation.

Answer:<BR>The historical performance of Magna Electrocas shows a steady growth in net sales and profitability over the years, culminating in the fiscal year ending March 2025.<BR><BR>Breakdown:<BR>Magna Electrocas reported net sales of 176.45 Cr in March 2025, an increase from 143.70 Cr in March 2024 and 164.64 Cr in March 2023. The total operating income followed a similar trend, reaching 176.45 Cr in March 2025, up from 143.70 Cr in the previous year. The company's operating profit (PBDIT) also improved significantly, rising to 35.94 Cr in March 2025 from 24.97 Cr in March 2024. Profit before tax increased to 31.04 Cr in March 2025, compared to 20.41 Cr in March 2024, while profit after tax reached 23.12 Cr, up from 15.11 Cr. The earnings per share (EPS) saw a notable rise to 54.66 in March 2025 from 35.72 in March 2024. On the balance sheet, total assets increased to 182.71 Cr in March 2025, up from 128.43 Cr in March 2024, with total liabilities also rising to 182.71 Cr. The company maintained a strong book value per share of 305.53 in March 2025, reflecting its solid financial foundation. Cash flow from operating activities improved significantly to 39.00 Cr in March 2025, compared to 7.00 Cr in March 2024, although cash flow from investing activities showed a negative trend at -49.00 Cr. Overall, Magna Electrocas demonstrated robust growth in sales and profitability, alongside an increase in assets and shareholder equity.

Is Magna Electrocas technically bullish or bearish?

As of August 25, 2025, the trend is mildly bullish, supported by daily moving averages and monthly KST momentum, despite some caution from the weekly MACD, while the overall outlook remains positive due to bullish signals from the Bollinger Bands and Dow Theory.

As of 25 August 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating mild bullishness and the monthly KST showing bullish momentum. However, the weekly MACD is mildly bearish, which suggests some caution in the short term. The Bollinger Bands are bullish on the weekly timeframe, supporting the overall mildly bullish outlook. The Dow Theory indicates a bullish trend on the monthly timeframe, reinforcing the positive sentiment. Overall, while there are mixed signals, the strength of the bullish indicators on the monthly charts provides a favorable bias.

Who are the top shareholders of the Magna Electrocas?

The top shareholder of Magna Electrocas is N Krishnasamaraj Huf, holding 18.19%, with no pledged promoter holdings. Elgi Equipments Limited is the largest public shareholder at 1.57%, while individual investors own a total of 32.84% of the shares.

The top shareholders of Magna Electrocas include the promoters, with N Krishnasamaraj Huf being the individual with the highest holding at 18.19%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Elgi Equipments Limited, which holds 1.57%. Additionally, individual investors collectively hold 32.84% of the shares.

When is the next results date for Magna Electrocas?

No Upcoming Board Meetings

Has Magna Electrocas declared dividend?

Yes, Magna Electro Castings Ltd has declared a 50% dividend, amounting to ₹5 per share, with an ex-date of August 9, 2024. The company has shown strong total returns over various periods, particularly in the long term.

Magna Electro Castings Ltd has declared a 50% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 50%<BR>- Amount per share: 5<BR>- Ex-date: 09 Aug 24<BR><BR>Dividend Yield: 0.49%.<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -6.51%, with a dividend return of 0%, resulting in a total return of -6.51%.<BR><BR>For the 1-year period, the price return was 140.36%, the dividend return was 1.13%, leading to a total return of 141.49%.<BR><BR>Over the 2-year period, the price return was 218.36%, with a dividend return of 2.50%, culminating in a total return of 220.86%.<BR><BR>In the 3-year period, the price return was 496.22%, the dividend return was 6.02%, resulting in a total return of 502.24%.<BR><BR>For the 4-year period, the price return was 578.93%, with a dividend return of 6.90%, leading to a total return of 585.83%.<BR><BR>In the 5-year period, the price return was 902.47%, with a dividend return of 10.17%, culminating in a total return of 912.64%.<BR><BR>Overall, Magna Electro Castings Ltd has declared a significant dividend while showing strong total returns over various periods, particularly in the longer term, indicating a positive performance trend for investors.