Top Murugappa Group Stocks In 2024 – Financials, Analysis and More
Top Murugappa Group Stocks In 2024: The Indian economy is supported by many successful businesses established by various groups across multiple industries. These businesses have created value for their customers, generated employment opportunities, and contributed to the prosperity of the nation. In this article, we will take a look at the stock list and analyse […] The post Top Murugappa Group Stocks In 2024 – Financials, Analysis and More appeared first on Trade Brains.
Top Murugappa Group Stocks In 2024: The Indian economy is supported by many successful businesses established by various groups across multiple industries. These businesses have created value for their customers, generated employment opportunities, and contributed to the prosperity of the nation. In this article, we will take a look at the stock list and analyse the top 5 Murugappa group Stocks.
About Murugappa Group
Murugappa Group began as a banking enterprise during the pre-World War 1 era in Burma (Myanmar). Later, it shifted to India and established its base in the southern region. They are a large conglomerate involved in a variety of businesses. Today, it generates approximately INR 742 billion in revenues.
The group was established by Dewan Bahadur AM Murugappa Chettiar, who began a banking business named AMM Rm Firm. Later, they diversified their business by venturing into textiles, rubber plantations, insurance, and stockbroking. They expanded their presence in Malaysia, Vietnam, and Sri Lanka.
They entered India and expanded into various industries such as emery paper, steel furniture, financial services, agri-solutions, engineering, and core industrial sectors.
Top Murugappa Group Stocks #1: Cholamandalam Investment and Finance Company
Cholamandalam Investment and Finance Company Limited (Chola), founded in 1978, is the Murugappa Group’s financial services arm. Chola started as an equipment financing company and has since grown into a comprehensive financial services provider that provides customers with vehicle financing, home loans, loan against property, SME loans, secured business personal loans (SBPL), consumer & small enterprise loans (CSEL), and a variety of other financial services.
In FY23, CIFC earned 67.04% from vehicle financing, 16.42% from loans against property, 6.92% from home loans, and 9.61% from other sources. As of December 2023, the shareholding structure was as follows: promoters held 50.37%, FII held 24.73%, DII held 18.39%, and the public held 6.51%.
The company’s operating revenue rose 34.66% to Rs. 12,884.10 crores in FY23, up from Rs. 10,140.75 crores in FY22. Net profits stood at Rs. 2664.85 crore in FY23 compared to Rs. 2,153.51 crore in FY23, an increase of 23.74%. In fiscal year 23, RoE and RoA were 18.57% and 2.34%, respectively.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹ 1,229.45 | Market Cap (Cr.) | ₹ 1,03,284 |
| EPS (TTM) | ₹ 36 | Stock P/E (TTM) | 34.16 |
| RoE (%) | 18.57% | RoA (%) | 2.34% |
| Promoters Holding (%) | 50.37% | FII Holding (%) | 24.73% |
| Enterprise Value (Cr.) | ₹ 1,56,984..38 | Net Profit Margin (%) | 20.77% |
Top Murugappa Group Stocks #2: Tube Investments of India
Tube Investments of India was Established in 1949 as TI Cycles of India (TICI) in collaboration with TI UK, Tube Investments of India (TII) evolved through successful joint ventures and backward integration. TII, formed in 1959 by merging TICI and Tube Products of India, gradually moved into higher-tech products. Over time, acquisitions such as Satavahana Chains, a Japanese tube plant, and a German chain plant bolstered TII’s core businesses.
TII, now an Indian company with a global outlook, retains its engineering and metallurgy capabilities. In FY23, the company generated revenue from a variety of segments, including mobility (5.40%), e-mobility (0.03%), engineering (28.48%), metal-formed products (9.50%), gear and gear products (2.94%), power (13.51%), industrial (32.97%), and others (7.17%).
As of December 2023, the shareholding structure was as follows: promoters held 45.10%, FII held 26.83%, DII held 14.60%, and the public held 11.47%. TII registered revenue from operations in FY23 stood at Rs. 14,964.73 crore as compared to Rs. 12,447.43 crore in FY22, an increase of 20.22%. Net profits stood at 1,325 crore in FY23 as compared to Rs. 991.04 crore in FY22, an increase of 33.69%.
Net profits increased due to a slight improvement in material costs and a profit of Rs. 166.64 crore from discontinued operations. The RoE and RoCE stood at 24.18% and 29.38%, respectively.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹ 3,987.90 | Market Cap (Cr.) | ₹ 77,116 |
| EPS (TTM) | ₹ 37.11 | Stock P/E (TTM) | 107.46 |
| RoE (%) | 24.18% | RoCE (%) | 29.38% |
| Promoters Holding (%) | 45.10% | FII Holding (%) | 28.83% |
| Enterprise Value (Cr.) | ₹ 49,805.05 | Net Profit Margin (%) | 8.98% |
Also Read…
Top Murugappa Group Stocks #3: CG Power and Industrial Solutions
CG Power was founded in 1937 by merging two businesses. It has been involved in the manufacturing, sales, and application of electrical energy across nine countries with 17 manufacturing facilities. Its products include transformers, switchgear, circuit breakers, network protection and control gear, project engineering, HT and LT motors, drives, power automation products, and turnkey solutions.
The portfolio is divided into three SBUs (Strategic Business Units): industrial, power, and railways. In FY23, Industrial Systems contributed 70.77% to revenue, Power Systems 29.01%, and Others 0.23%. Overseas sales accounted for 90.03% of revenue, while domestic sales were 9.96%.
As of December 2023, the shareholding structure was as follows: promoters held 58.11%, FII held 16.05%, DII held 9.16%, and the public held 16.68%. In FY23, the company’s operating revenue was Rs. 6,972.54 crore, up from Rs. 5,483.53 crore in FY22, representing a 27.15% increase. Net profits increased by 5.46% to Rs. 962.97 crore in FY23 from Rs. 913.07 crore in FY22.
The slight increase in net profit in FY23 was attributed to better control over raw material costs and profit from the sale of discontinued businesses. RoE and RoCE stood at 53.76% and 52.25%, respectively.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹ 463.10 | Market Cap (Cr.) | ₹ 70,728 |
| EPS (TTM) | ₹ 7.20 | Stock P/E (TTM) | 64.32 |
| RoE (%) | 53.76% | RoCE (%) | 52.25% |
| Promoters Holding (%) | 58.11% | FII Holding (%) | 16.05% |
| Enterprise Value (Cr.) | ₹ 45,109.11 | Net Profit Margin (%) | 13.81% |
Top Murugappa Group Stocks #4: Coromandel International
Coromandel International is India’s leading agri-solutions provider, having provided customised farm solutions and advisory services to farmers since 1906 when it started in Ranipet, Tamil Nadu. The ‘Farmer First’ approach, quality focus, and consumer connect initiatives have helped the company become one of the most trusted brands in the country.
Coromandel provides plant nutrients and crop protection solutions, such as fertiliser, crop protection, bio-pesticides, specialty nutrients, and organic fertiliser. The network of around 750 rural retail outlets across Andhra Pradesh, Telangana, and Karnataka offers solutions for all stages of farming. It serves approximately 3 million farmers through gromor stores.
In FY23, the company earned revenue from segments, including nutrient and other allied businesses, which accounted for 91.15% of total revenue from operations and 8.84% from crop protection. As of December 2023, the shareholding structure was as follows: promoters held 57.33%, FII held 7.71%, DII held 20.25%, and the public held 14.71%.
The company’s operating revenue in FY23 was Rs. 29,627.90 crore, up from Rs. 19,110.85 crore in FY22, representing a 55.03 percent increase. Net profits increased by 31.69% in FY23 to Rs. 2,012.93 crore from Rs. 1,528.46 crore in FY22. RoE and RoCE stood at 25.45% and 34.79%.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹ 1,129 | Market Cap (Cr.) | ₹ 33,238 |
| EPS (TTM) | ₹ 68.76 | Stock P/E (TTM) | 16.42 |
| RoE (%) | 25.45% | RoCE (%) | 34.79% |
| Promoters Holding (%) | 57.33% | FII Holding (%) | 7.71% |
| Enterprise Value (Cr.) | ₹ 24,436.79 | Net Profit Margin (%) | 6.87% |
Top Murugappa Group Stocks #5: E.I.D Parry (India)
E.I.D. Parry is a company that has been around since 1788, headquartered in Chennai, Tamil Nadu, with six sugar plants and one distillery spread across South India. It is also a world leader in organic spirulina and microalgal products, selling in over 41 countries, with manufacturing plants in Tamil Nadu. Parry also has subsidiaries in the refined sugar and agricultural input industries.
In FY23, the company earned revenue from segments such as nutrient and allied businesses (76.33%), crop protection (7.47%), sugar (12.90%), co-generation (0.71%), distillery (1.82%), and nutraceuticals (0.73%). The slight percentage variations are due to inter-segment sales.
As of December 2023, the shareholding structure was as follows: promoters held 42.23%, FIIs held 8.71%, DIIs held 4.92%, the public held 44.12%, and others held 0.02%.
The company’s revenue from operations stood at Rs. 35,243.80 crore in FY23 as compared to Rs. 23,521.06 crore in FY22, an increase of 49.83%. Net profits stood at Rs. 1,827.74 crore in FY23 compared to Rs. 1,573.70 crore in FY22, an increase of 16.14%. RoE and RoCE respectively stood at 15.57% and 27.71%.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹ 616.80 | Market Cap (Cr.) | ₹ 10,949 |
| EPS (TTM) | ₹ 55.82 | Stock P/E (TTM) | 11.05 |
| RoE (%) | 15.57% | RoCE (%) | 27.71% |
| Promoters Holding (%) | 42.23% | FII Holding (%) | 8.71% |
| Enterprise Value (Cr.) | ₹ 11,474.30 | Net Profit Margin (%) | 5.29% |
Conclusion
As we are at the end of the article, we have seen some of the top Murugappa stocks in 2024. Before investing, do extensive research on these companies and seek advice from a finance consultant or conduct your own research.
These companies, which are part of a well-established business conglomerate, appear to be on the rise. Some companies are stable, while others are expanding into new segments that may help the group grow as a whole. What are your thoughts on these companies potential? Let us know your views in the comments section below.
Written by Santhosh
By utilising the stock screener, stock heatmap, portfolio backtesting, and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks, also get updated with stock market news, and make well-informed investments.
The post Top Murugappa Group Stocks In 2024 – Financials, Analysis and More appeared first on Trade Brains.
What's Your Reaction?
