Why is Sandur Manganese & Iron Ores Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.28 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 73.43% and Operating profit at 66.40%
3
The company has declared Positive results for the last 7 consecutive quarters
- NET SALES(Latest six months) At Rs 2,367.72 cr has Grown at 174.70%
- OPERATING CF(Y) Highest at Rs 840.55 Cr
- PAT(Latest six months) At Rs 305.15 cr has Grown at 72.76%
4
With ROCE of 20.9, it has a Fair valuation with a 2.5 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 16.47%, its profits have risen by 71.4% ; the PEG ratio of the company is 0.2
5
Despite the size of the company, domestic mutual funds hold only 0.35% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
How much should you hold?
- Overall Portfolio exposure to Sandur Manganese should be less than 10%
- Overall Portfolio exposure to Miscellaneous should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Miscellaneous)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Sandur Manganese for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Sandur Manganese
16.47%
0.30
54.26%
Sensex
4.83%
0.41
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
73.43%
EBIT Growth (5y)
66.40%
EBIT to Interest (avg)
15.88
Debt to EBITDA (avg)
0.98
Net Debt to Equity (avg)
0.54
Sales to Capital Employed (avg)
0.78
Tax Ratio
21.76%
Dividend Payout Ratio
4.31%
Pledged Shares
0
Institutional Holding
1.70%
ROCE (avg)
22.00%
ROE (avg)
18.72%
Valuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
9
Price to Book Value
3.39
EV to EBIT
12.23
EV to EBITDA
10.09
EV to Capital Employed
2.55
EV to Sales
2.45
PEG Ratio
0.22
Dividend Yield
0.20%
ROCE (Latest)
20.85%
ROE (Latest)
20.64%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Movement
21What is working for the Company
NET SALES(Latest six months)
At Rs 2,367.72 cr has Grown at 174.70%
OPERATING CF(Y)
Highest at Rs 840.55 Cr
PAT(Latest six months)
At Rs 305.15 cr has Grown at 72.76%
ROCE(HY)
Highest at 20.77%
-4What is not working for the Company
INTEREST(9M)
At Rs 177.29 cr has Grown at 251.77%
Loading Valuation Snapshot...
Here's what is working for Sandur Manganese
Profit After Tax (PAT) - Latest six months
At Rs 305.15 cr has Grown at 72.76%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Operating Cash Flow - Annually
Highest at Rs 840.55 Cr and Grown
each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (Rs Cr)
Net Sales - Quarterly
At Rs 1,232.34 cr has Grown at 34.4% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 917.19 CrMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Here's what is not working for Sandur Manganese
Interest - Nine Monthly
At Rs 177.29 cr has Grown at 251.77%
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)






