Ceeta Industries Ltd

Ceeta Industries Ltd

₹ 35.4 -4.78%
28 May - 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 51.4 Cr.
  • Current Price 35.4
  • High / Low 45.7 / 16.1
  • Stock P/E 25.3
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 8.54 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.16% over last 3 years.
  • Earnings include an other income of Rs.2.18 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF
Upcoming result date: tomorrow

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
14.10 12.86 4.51 7.47 3.06 7.17 5.24 6.37 7.25 15.97 2.71 14.67
12.71 13.55 4.86 7.52 3.53 6.99 5.36 6.16 7.67 14.09 4.48 13.53
Operating Profit 1.39 -0.69 -0.35 -0.05 -0.47 0.18 -0.12 0.21 -0.42 1.88 -1.77 1.14
OPM % 9.86% -5.37% -7.76% -0.67% -15.36% 2.51% -2.29% 3.30% -5.79% 11.77% -65.31% 7.77%
0.93 1.97 3.17 2.45 5.54 2.07 1.58 1.83 1.59 1.52 2.71 2.18
Interest 0.13 0.02 0.77 0.56 1.97 0.53 0.00 0.00 0.01 0.03 0.07 0.09
Depreciation 0.36 0.34 0.33 0.34 0.34 0.35 0.20 0.15 0.23 0.36 0.36 0.51
Profit before tax 1.83 0.92 1.72 1.50 2.76 1.37 1.26 1.89 0.93 3.01 0.51 2.72
Tax % 1.64% 2.17% 0.00% 0.00% 0.00% 19.71% 20.63% 20.63% 19.35% 20.60% 17.65% 20.22%
1.80 0.90 1.72 1.50 2.76 1.11 1.00 1.50 0.75 2.39 0.41 2.17
EPS in Rs 1.24 0.62 1.19 1.03 1.90 0.77 0.69 1.03 0.52 1.65 0.28 1.50
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: 1%
5 Years: 23%
3 Years: 26%
TTM: 441%
Compounded Profit Growth
10 Years: 7%
5 Years: 16%
3 Years: 56%
TTM: 1453%
Stock Price CAGR
10 Years: 29%
5 Years: 50%
3 Years: 70%
1 Year: 112%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 6%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
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
Reserves 7.39 8.29 10.01 11.51 14.28 15.39 16.39 17.70 18.45 20.83 21.25 23.41
Preference Capital 1.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.23 0.10 8.42 3.79 0.00 0.01 0.00 0.00 0.00 0.56 0.77 0.77
5.83 3.58 1.78 6.08 5.65 0.72 0.59 0.28 0.82 0.81 1.13 0.79
Total Liabilities 14.90 13.42 21.66 22.83 21.38 17.57 18.43 19.43 20.72 23.65 24.60 26.42
3.27 2.88 2.55 2.20 1.97 1.65 1.42 1.24 2.72 2.41 2.13 1.66
CWIP 0.49 0.82 1.58 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.21 0.19 0.31 0.72 0.19 0.44 0.41 4.04 0.20 5.06 2.10 3.63
10.93 9.53 17.22 18.01 19.22 15.48 16.60 14.15 17.80 16.18 20.37 21.13
Total Assets 14.90 13.42 21.66 22.83 21.38 17.57 18.43 19.43 20.72 23.65 24.60 26.42

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2.87 1.98 -9.18 3.82 1.49 -2.48 -1.28 1.42 -2.42 1.82 -1.69 -3.42
-0.52 -0.29 0.59 1.55 6.05 1.74 1.63 -1.97 3.69 -3.44 5.19 0.27
-1.94 -1.44 7.57 -5.21 -5.75 -0.52 -0.01 0.00 0.00 0.53 0.13 -0.09
Net Cash Flow 0.41 0.25 -1.02 0.16 1.79 -1.26 0.34 -0.55 1.27 -1.08 3.63 -3.24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 26.15 32.64 123.02 44.46 53.68 36.65 45.97 36.67 50.85 26.74 0.00 6.47
Inventory Days 1,272.29 501.98 1,855.17 14,075.31 3,296.77 750.91 66.92 123.00 49.69 321.11 64.18
Days Payable 137.31 91.03 54.30 684.37 341.45 79.84 0.00 43.00 15.81 73.92 0.00
Cash Conversion Cycle 1,161.12 443.59 123.02 1,845.33 13,444.61 2,991.98 717.04 103.59 130.85 60.62 247.18 70.65
Working Capital Days 143.41 136.52 1,239.87 79.65 400.78 425.07 318.33 69.33 91.12 37.71 123.91 128.14
ROCE % 22.68% 10.18% 16.76% 1.15% 16.01% 11.30% 7.15% 9.89% 3.43% 13.52% -0.30% 10.75%

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.

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