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MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED

mescom.org.in
Active
Updated: 21 Oct 2024

Mangalore Electricity Supply Company Limited, is an unlisted public company incorporated on 29 April, 2002. It is classified as a State government company and is located in Dakshina Kannada, Karnataka. It's authorized share capital is INR 1,000.00 cr and the total paid-up capital is INR 817.30 cr.

Mangalore Electricity Supply Company Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's EBITDA has decreased by 205.95% over the previous year. At the same time, it's book networth has decreased by 0.17%.

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Industry

Electricity, Gas & Water
Products
  • Solar power and energy, Wind power
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
31.91%
₹ 5,995.4
EBITDA
-223.58%
₹ -697.7
Net Profit
-493.06%
₹ -203.8
Networth
-12.61%
₹ 920.0
Borrowings
15.87%
₹ 1,623.3
Assets
19.49%
₹ 7,418.3
Gross Margin
-24.18
7.7 %
Operating Margin
-24.06
-11.6 %
Net Profit Margin
-4.32
-3.2 %
Return on Equity
-27.08
-22.1 %
ROCE
-51.3
-42.7 %
Debt to Equity
0.43
1.8
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (18)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • HIGH LEVERAGE
  • LOSS MAKING
  • LOW ROCE
  • PAYABLES DETERIORATING
  • LOW CASH BALANCE
Low Risk
  • LOW INVENTORY
  • GROSS MARGINS DETERIORATING
  • EBITDA MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 3,716.5 3,606.7 3,895.8 4,545.0 5,995.4
Operating profit 174.8 -185.3 584.5 564.6 -697.7
Net profit 43.6 -53.0 32.7 51.8 -203.8
Gross margin 24.6 13.8 33.8 31.9 7.7
Operating margin 4.7 -5.1 15.0 12.4 -11.6
Net margin 1.1 -1.4 0.8 1.1 -3.2
Networth 882.7 881.2 922.9 1,052.7 920.0
Borrowings 1,122.4 1,408.9 1,532.8 1,401.0 1,623.3
Assets 5,848.1 6,441.6 6,265.1 6,208.4 7,418.3
Debt to equity 1.3 1.6 1.7 1.3 1.8
Current ratio 0.9 0.8 1.0 1.1 0.6
ROE 4.9 -6.0 3.5 4.9 -22.1
Days payable 123.0 100.0 60.0 42.0 93.0
WC days -17.0 -40.0 -4.0 15.0 -92.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 558.7 619.4 662.4 741.3 817.3
Reserves 324.0 261.8 260.5 311.4 102.7
Borrowings + 1,122.4 1,408.9 1,532.8 1,401.0 1,623.3
Long term borrowings 845.5 1,010.5 1,099.2 992.2 990.8
Short term borrowings 276.9 398.3 433.6 408.8 632.5
Trade payables + 948.2 850.6 426.4 352.5 1,414.6
Days payable 123.0 100.0 60.0 42.0 93.0
Other liabilities + 3,843.1 4,151.5 3,809.4 3,754.8 4,875.0
Other non-current liabilities 1,767.1 1,867.6 1,971.9 2,103.5 1,881.9
Other current liabilities 1,127.8 1,433.3 1,411.1 1,298.8 1,578.5
Total liabilities 5,848.1 6,441.6 6,265.1 6,208.4 7,418.3
Fixed Assets + 2,784.2 3,042.2 3,302.7 3,592.3 3,765.5
Tangible assets 2,417.3 2,807.8 3,061.8 3,443.1 3,638.4
CWIP 359.7 229.5 239.2 148.2 126.7
Intangible assets 7.2 5.0 1.8 0.9 0.4
LT loans and advances - - - - -
Other non-current assets 884.0 1,110.3 739.0 374.9 1,542.7
Current assets + 2,179.9 2,289.0 2,223.4 2,241.2 2,110.1
Inventories 42.9 31.6 50.1 56.7 59.6
Trade receivables 755.8 741.8 846.0 871.5 822.1
Cash and cash equivalents 52.8 45.4 57.3 42.4 65.5
ST loans and advances - - - - -
Other current assets 1,328.4 1,470.3 1,270.1 1,270.5 1,162.9
Total assets 5,848.1 6,441.6 6,265.1 6,208.4 7,418.3
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 3,716.5 3,606.7 3,895.8 4,545.0 5,995.4
Sales growth % 12.05 -2.95 8.01 16.66 31.91
Expenses + 3,821.2 4,116.7 3,653.0 4,347.3 7,091.2
Cost of goods 2,803.2 3,108.8 2,579.8 3,096.5 5,534.4
Employee cost 493.3 467.6 522.8 640.4 702.7
Other costs 245.1 215.6 208.7 243.5 456.0
Operating profit + 174.8 -185.3 584.5 564.6 -697.7
Operating margin % 4.7 -5.1 15.0 12.4 -11.6
Other income 119.4 186.5 182.0 196.2 318.5
Interest 112.8 131.7 131.9 128.1 135.7
Depreciation 166.8 193.0 209.9 238.8 262.3
Exceptional items 29.0 270.5 -392.0 - 573.6
Profit before tax 14.6 -315.5 32.7 393.8 -777.3
Tax - - - 342.0 -
Profit - disc. ops - - - - -
Net profit 43.6 -53.0 32.7 51.8 -203.8
Net margin % 1.1 -1.4 0.8 1.1 -3.2
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 1.3 1.6 1.7 1.3 1.8
Net Debt/Equity 1.2 1.6 1.6 1.3 1.7
Total Debt/Assets 0.2 0.2 0.2 0.2 0.2
Total Assets/Equity 6.6 7.3 6.8 5.9 8.1
Liquidity +
Current Ratio 0.9 0.8 1.0 1.1 0.6
Quick Ratio 0.9 0.8 1.0 1.1 0.6
Interest Coverage 1.6 -1.4 4.4 4.4 -5.1
Performance
Gross Margin 24.6 13.8 33.8 31.9 7.7
Operating Margin 4.7 -5.1 15.0 12.4 -11.6
Net Margin 1.1 -1.4 0.8 1.1 -3.2
Return +
Return on Equity 4.9 -6.0 3.5 4.9 -22.1
Pre-tax ROCE 0.3 -14.3 11.5 8.6 -42.7
Return on Assets 0.8 -0.8 0.5 0.8 -2.8
Pre-tax ROIC 0.4 -16.9 15.6 13.5 -38.8
Efficiency +
Days Payable 123.0 100.0 60.0 42.0 93.0
Days Inventory 6.0 4.0 7.0 7.0 4.0
Days Receivable 74.0 75.0 79.0 70.0 50.0
Fixed Asset Turnover 1.3 1.2 1.2 1.3 1.6
Total Asset Turnover 0.6 0.6 0.6 0.7 0.8
Working Capital
Cash Conversion Cycle -43.0 -21.0 26.0 35.0 -39.0
Working Capital Days -17.0 -40.0 -4.0 15.0 -92.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

State Bank of India

No. of Loans: 4

Total Amount : 710.0 cr

2

Union Bank of India

No. of Loans: 3

Total Amount : 607.5 cr

3

Bank of India

No. of Loans: 2

Total Amount : 540.0 cr

4

Syndicate Bank

No. of Loans: 3

Total Amount : 500.0 cr

5

Indian Bank

No. of Loans: 1

Total Amount : 220.0 cr

6

REC LIMITED

No. of Loans: 1

Total Amount : 183.4 cr

7

Rural Electrification Corporation Limited

No. of Loans: 1

Total Amount : 181.8 cr

8

Vijaya Bank

No. of Loans: 1

Total Amount : 150.0 cr

9

Corporation Bank

No. of Loans: 1

Total Amount : 7.5 cr

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Charges

State Bank of India
Union Bank of India
Bank of India
Syndicate Bank
Others

People

Designation Name DIN/PAN Tenure
Director Pankaj Kumar Pandey 03376149 2 years
Director Dalavayee Kodandapani 08567945 1 years
Director Padmavati Husanappa Dhanvantari
Shareholder
08727203 2 years
Director Reju Murickummoodu Thankachan 09001848 2 years
Director Shivanna 09786473 2 years
Director Balaram Krishanappa 10719947 1 years
Director Mahadevaswamy Prasanna Koluthur Mahadevayya 10753725 1 years
Director Sagadageri Beeranna Prashantkumar 10761391 1 years
Director Shimoga Achyuthamurthy Pushpa 10797031 1 years
CS Prabhat Mahabaleshwara Joshi <HIDDEN> 6 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
THE MYSORE ELECTRICAL INDUSTRIES LIMITED
Active
10.0 Cr 1 Karnataka
THE HUTTI GOLD MINES CO LTD
Active
3.0 Cr 1 Karnataka
KARNATAKA STATE HANDICRAFTS DEVELOPMENT CORPORATION LIMITED
Active
9.0 Cr 1 Karnataka
KARNATAKA POWER TRANSMISSION CORPORATION LIMITED
Active
2,278.4 Cr 3 Karnataka
KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED
Active
51.9 Cr 1 Karnataka
KARNATAKA RENEWABLE ENERGY DEVELOPMENT LIMITED
Active
50.0 L 1 Karnataka
KARNATAKA POWER CORPORATION LIMITED
Active
5,162.4 Cr 1 Karnataka
GULBARGA ELECTRICITY SUPPLY COMPANY LIMITED
Active
1,790.9 Cr 3 Karnataka
POWER COMPANY OF KARNATAKA LIMITED
Active
5.0 L 2 Karnataka
KARNATAKA VIDYUTH KARKHANE LIMITED
Active
49.3 Cr 4 Karnataka
BANGALORE ELECTRICITY SUPPLY COMPANY LIMITED
Active
1,979.3 Cr 4 Karnataka
COASTAL TAMIL NADU POWER LIMITED
Active
5.0 L 1 Delhi
CHEYYUR INFRA LIMITED
Active
5.0 L 1 Delhi
NGEF (HUBLI) LIMITED
Active
3.2 Cr 1 Karnataka
KARNATAKA STATE INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED
Active
694.7 Cr 1 Karnataka
KARNATAKA STATE TOURISM DEVELOPMENT CORPORATION LIMITED
Active
6.4 Cr 1 Karnataka
KARNATAKA ROAD DEVELOPMENT CORPORATION LIMITED
Active
310.0 Cr 1 Karnataka
KARNATAKA STATE BEVERAGES CORPORATION LIMITED
Active
12.0 Cr 1 Karnataka
BENGALURU SMART CITY LIMITED
Active
200.0 Cr 1 Karnataka
KARNATAKA URBAN INFRASTRUCTURE DEVELOPMENT AND FINANCE CORPORATION LIMITED.
Active
8.1 Cr 1 Karnataka
KARNATAKA TRUSTEE COMPANY PRIVATE LIMITED
Active
1.0 L 1 Karnataka
CHAMUNDESHWARI ELECTRICITY SUPPLY CORPORATION LIMITED
Active
1,236.7 Cr 4 Karnataka
HUBLI ELECTRICITY SUPPLY COMPANY LIMITED
Active
2,251.4 Cr 4 Karnataka

Registered Details

CIN

U40109KA2002SGC030425

PAN

AADCM7029H

Incorporation

2002, 23.0 years

Company Email

mdmescom@rediffmail.com

Paid up Capital

₹ 817.3 Cr

Authorised Capital

₹ 1,000.0 Cr

AGM

Sep 2023

Type

Public
State Government Company

FAQ - MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED

What is the incorporation date of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED?

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The incorporation date of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED is 29 April, 2002

What is the authorized share capital of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED?

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The authorized share capital of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED is INR ₹ 1,000.0 Cr.

What is the paid-up capital of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED?

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The paid-up capital of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED is INR ₹ 817.3 Cr.

What is the registered address of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED?

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The registered address of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED is MESCOM BHAVANA BEJAI, KAVOOR CROSS ROAD NA MANGALORE Dakshina Kannada Karnataka - 575004

What is the CIN number of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED?

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The CIN number of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED is U40109KA2002SGC030425.

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