Ceeta Industries Ltd

Ceeta Industries Ltd

₹ 41.2 -3.90%
18 Apr - close price
About

Incorporated in 1984, Ceeta Industries Limited is engaged in manufacturing and trading in different business verticals like Granite products, PSC Poles, Essential Oils, and other operations which comprise trading transactions.

Key Points

Product Portfolio:
a) Granite:[1] Company has an integrated plant, with an installed capacity of 1,20,000 sqm. per annum to manufacture Granite slabs - both random & cut-to-size, Tiles & Monuments and Special Profiles on CNC Machines.
b) PSC Poles:[2]
Company manufactures 8 mtr. 200 kg. working strength PSC Poles with annual capacity of 5000 poles per month
c) Essential Oils:[3]
Company engages in distillation of Lemon-grass oil and Nagarmotha (cypriol) oil at their farm in West Bengal.

  • Market Cap 59.7 Cr.
  • Current Price 41.2
  • High / Low 45.7 / 16.1
  • Stock P/E
  • Book Value 16.8
  • Dividend Yield 0.00 %
  • ROCE -2.31 %
  • ROE -5.35 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 78.5 to 24.5 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.21% over past five years.
  • Company has a low return on equity of -1.78% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.31 0.66 0.11 0.20 0.00 0.52 0.00 0.00 1.27 2.71 3.07 3.25 2.88
0.62 1.13 0.34 0.57 0.49 1.14 0.79 0.70 1.28 2.79 4.12 3.44 3.03
Operating Profit -0.31 -0.47 -0.23 -0.37 -0.49 -0.62 -0.79 -0.70 -0.01 -0.08 -1.05 -0.19 -0.15
OPM % -100.00% -71.21% -209.09% -185.00% -119.23% -0.79% -2.95% -34.20% -5.85% -5.21%
0.62 0.40 0.43 0.68 0.73 0.65 0.48 0.35 0.31 0.31 0.31 0.30 0.40
Interest 0.02 0.02 0.02 0.01 0.00 0.00 0.00 0.00 0.17 0.27 0.30 0.36 0.36
Depreciation 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.17 0.24 0.24 0.24 0.25
Profit before tax 0.26 -0.12 0.15 0.27 0.21 -0.01 -0.35 -0.39 -0.04 -0.28 -1.28 -0.49 -0.36
Tax % 15.38% 33.33% 13.33% 29.63% 23.81% 300.00% 0.00% 0.00% 0.00% -78.57% 0.00% 0.00% 0.00%
0.22 -0.08 0.13 0.18 0.15 0.02 -0.35 -0.39 -0.05 -0.49 -1.28 -0.49 -0.36
EPS in Rs 0.15 -0.06 0.09 0.12 0.10 0.01 -0.24 -0.27 -0.03 -0.34 -0.88 -0.34 -0.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3.06 7.17 5.24 6.37 7.25 15.97 2.71 14.67 3.93 1.47 0.83 4.02 11.91
3.52 6.98 5.36 6.16 7.66 14.10 4.48 13.53 5.11 2.89 2.55 5.54 13.38
Operating Profit -0.46 0.19 -0.12 0.21 -0.41 1.87 -1.77 1.14 -1.18 -1.42 -1.72 -1.52 -1.47
OPM % -15.03% 2.65% -2.29% 3.30% -5.66% 11.71% -65.31% 7.77% -30.03% -96.60% -207.23% -37.81% -12.34%
5.53 2.03 1.59 1.82 1.56 1.52 2.68 2.17 2.38 2.14 2.49 1.41 1.32
Interest 1.97 0.53 0.00 0.00 0.01 0.03 0.07 0.09 0.09 0.08 0.03 0.46 1.29
Depreciation 0.34 0.35 0.20 0.15 0.23 0.36 0.36 0.51 0.48 0.10 0.13 0.49 0.97
Profit before tax 2.76 1.34 1.27 1.88 0.91 3.00 0.48 2.71 0.63 0.54 0.61 -1.06 -2.41
Tax % 0.00% 19.40% 20.47% 20.74% 18.68% 20.67% 18.75% 20.30% 14.29% 11.11% 21.31% -20.75%
2.76 1.08 1.01 1.50 0.73 2.38 0.39 2.16 0.54 0.47 0.48 -1.28 -2.62
EPS in Rs 1.90 0.74 0.70 1.03 0.50 1.64 0.27 1.49 0.37 0.32 0.33 -0.88 -1.81
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: 8%
3 Years: 1%
TTM: 565%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -240%
Stock Price CAGR
10 Years: 32%
5 Years: 45%
3 Years: 82%
1 Year: 110%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: -2%
Last Year: -5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.45 1.45 1.45 1.45 1.45 1.45 1.45 1.45 1.45 1.45 1.45 1.45 1.45
Reserves 14.13 15.22 16.22 17.53 18.26 20.64 21.04 23.19 23.73 24.20 25.88 24.66 22.89
0.00 0.01 0.00 0.00 0.00 0.56 0.77 0.77 0.82 0.75 0.00 11.60 12.79
5.65 0.70 0.59 0.28 0.81 0.81 1.13 0.78 0.88 0.45 0.81 1.76 1.53
Total Liabilities 21.23 17.38 18.26 19.26 20.52 23.46 24.39 26.19 26.88 26.85 28.14 39.47 38.66
1.96 1.65 1.42 1.24 2.72 2.41 2.13 1.66 0.98 0.71 1.10 18.01 17.78
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 1.30 0.00 0.00
Investments 0.07 0.32 0.26 3.88 0.07 5.03 2.13 3.66 2.93 8.08 4.14 0.68 0.41
19.20 15.41 16.58 14.14 17.73 16.02 20.13 20.87 22.97 18.00 21.60 20.78 20.47
Total Assets 21.23 17.38 18.26 19.26 20.52 23.46 24.39 26.19 26.88 26.85 28.14 39.47 38.66

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.50 -2.47 -1.29 1.42 -2.41 1.83 -1.68 -3.41 -3.87 3.06 -2.18 -1.41
6.08 1.71 1.66 -1.97 3.64 -3.55 5.10 0.26 3.26 -2.90 4.91 -11.21
-5.76 -0.52 -0.01 0.00 0.00 0.53 0.13 -0.09 -0.04 -0.13 -0.78 11.15
Net Cash Flow 1.82 -1.28 0.36 -0.55 1.22 -1.19 3.55 -3.24 -0.65 0.02 1.95 -1.47

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53.68 35.13 45.97 36.67 50.85 26.74 0.00 6.47 3.72 153.95 57.17 24.51
Inventory Days 14,075.31 3,296.77 750.91 66.92 123.00 49.69 321.11 64.18 41.42 66.01 0.00 906.97
Days Payable 684.37 341.45 79.84 0.00 43.00 15.81 73.92 0.00 12.94 27.18 553.03
Cash Conversion Cycle 13,444.61 2,990.45 717.04 103.59 130.85 60.62 247.18 70.65 32.19 192.78 57.17 378.45
Working Capital Days 400.78 424.05 317.63 68.76 92.13 37.71 125.26 127.89 429.08 660.48 1,328.07 643.74
ROCE % 16.15% 11.35% 7.22% 9.99% 3.52% 13.64% -0.35% 10.85% 1.44% 1.15% -0.67% -2.31%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.91% 71.91% 71.91% 71.91% 71.91% 71.92% 71.92% 71.92% 71.92% 71.92% 71.92% 71.92%
0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23%
0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.86% 27.86% 27.86% 27.86% 27.81% 27.85% 27.86% 27.86% 27.85% 27.85% 27.86% 27.86%
No. of Shareholders 20,36520,31320,46420,44620,39520,31420,27620,25120,22320,18320,10320,048

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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