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Mangalore Electricity Supply Company Limited
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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%.

Industry

Electricity, Gas & Water

Products

Wind power, Solar power and energy

Key Metrics

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

Total Revenue

33.17%

₹ 6,313.9

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

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Locations

India (18)

State	Type	Address

Locations on Map

Tofler Score

Good

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.

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

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

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	9.55	9.62	10.57	11.94	11.02
Reserves	5.54	4.06	4.16	5.02	1.38
Borrowings +	19.19	21.87	24.47	22.57	21.88
Long term borrowings	14.46	15.69	17.55	15.98	13.36
Short term borrowings	4.73	6.18	6.92	6.58	8.53
Trade payables	16.21	13.2	6.81	5.68	19.07
Other liabilities +	65.72	64.45	60.8	60.48	65.72
Other non-current liabilities	30.22	28.99	31.47	33.88	25.37
Other current liabilities	19.28	22.25	22.52	20.92	21.28
Total liabilities
Fixed Assets +	47.61	47.23	52.72	57.86	50.76
Tangible assets	41.33	43.59	48.87	55.46	49.05
CWIP	6.15	3.56	3.82	2.39	1.71
Intangible assets	0.12	0.08	0.03	0.01	0.01
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	15.12	17.24	11.8	6.04	20.8
Current assets +	37.27	35.54	35.49	36.1	28.45
Inventories	0.73	0.49	0.8	0.91	0.8
Trade receivables	12.92	11.52	13.5	14.04	11.08
Cash and cash equivalents	0.9	0.7	0.91	0.68	0.88
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	22.71	22.83	20.27	20.46	15.68
Total assets

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

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	96.89	95.08	95.54	95.86	94.96
Expenses +	99.62	108.53	89.58	91.69	112.31
Cost of goods	73.08	81.96	63.27	65.31	87.65
Employee cost	12.86	12.33	12.82	13.51	11.13
Other costs	6.39	5.68	5.12	5.14	7.22
Operating profit	4.56	-4.88	14.33	11.91	-11.05
Other income	3.11	4.92	4.46	4.14	5.04
Interest	2.94	3.47	3.23	2.7	2.15
Depreciation	4.35	5.09	5.15	5.04	4.15
Exceptional items	0.75	7.13	-9.61	0.0	9.08
Profit before tax	0.38	-8.32	0.8	8.31	-12.31
Tax	0.0	0.0	0.0	7.21	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.14	-1.4	0.8	1.09	-3.23

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

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

State Bank of India

No. of Loans: 4

Total Amount : 710.0 cr

Union Bank of India

No. of Loans: 3

Total Amount : 607.5 cr

Bank of India

No. of Loans: 2

Total Amount : 540.0 cr

Syndicate Bank

No. of Loans: 3

Total Amount : 500.0 cr

Indian Bank

No. of Loans: 1

Total Amount : 220.0 cr

REC LIMITED

No. of Loans: 1

Total Amount : 183.4 cr

Rural Electrification Corporation Limited

No. of Loans: 1

Total Amount : 181.8 cr

Vijaya Bank

No. of Loans: 1

Total Amount : 150.0 cr

Corporation Bank

No. of Loans: 1

Total Amount : 7.5 cr

Charge Holder	Amount	Date of creation/modification
Union Bank of India	265.0 cr	01 Aug, 2024
State Bank of India	200.0 cr	30 Mar, 2024
State Bank of India	75.0 cr	30 Mar, 2024
State Bank of India	300.0 cr	09 Jan, 2024
Indian Bank	220.0 cr	29 Mar, 2022
Bank of India	280.0 cr	11 Jun, 2021
REC LIMITED	183.4 cr	22 Dec, 2020
Bank of India	260.0 cr	26 Feb, 2020
Union Bank of India	192.5 cr	22 Jan, 2020
Syndicate Bank	150.0 cr	17 Aug, 2019
Union Bank of India	150.0 cr	03 Dec, 2018
Vijaya Bank	150.0 cr	27 Jun, 2018
State Bank of India	135.0 cr	19 May, 2018
Rural Electrification Corporation Limited	181.8 cr	17 May, 2018
Syndicate Bank	250.0 cr	03 Nov, 2017
Syndicate Bank	100.0 cr	29 Dec, 2016
Corporation Bank	7.5 cr	08 Nov, 2011

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	3 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, 23.1 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?

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?

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?

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?

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?

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

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