Morganite Crucible (India) Ltd

₹ 1,395 -0.37%

18 Apr - close price

About

Morganite Crucible (India) Limited is engaged in manufacturing high-functioning crucibles, foundry consumables, and allied refractory products. It is a division of Morgan Advanced Materials Plc, a UK-based company. ^[1]

Key Points

Product Portfolio
The company’s product portfolio includes a broad range of crucibles and foundry products that functions in industries like mining, auto, industrial machinery, electrical equipment, and railways.
Crucibles - The Co offers silicon carbide crucibles, clay graphite crucibles, foundry, and allied products for ferrous and non-ferrous metal industries.
Foundry Products- Degassing Rotors & Mobile Degassing Unit, Nozzle Blue Lightning Thermocouple Sheaths, Stopper Rods & Heads, Skimmer Bowls, Launders & Liners, and many more. ^[1]

Website BSE

Market Cap ₹ 781 Cr.
Current Price ₹ 1,395
High / Low ₹ 1,785 / 861
Stock P/E 31.5
Book Value ₹ 245
Dividend Yield 2.01 %
ROCE 17.8 %
ROE 12.9 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 46.4%

Cons

The company has delivered a poor sales growth of 7.21% over past five years.

* 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: Refractories Industry: Refractories / Intermediates

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Detailed Comparison with:

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
	32.59	34.64	33.77	36.59	41.36	40.63	40.27	38.85	41.49	33.98	42.69	45.35	40.00
	28.29	30.03	27.00	28.15	31.50	35.88	33.75	31.94	33.43	30.23	31.19	32.51	31.50
Operating Profit	4.30	4.61	6.77	8.44	9.86	4.75	6.52	6.91	8.06	3.75	11.50	12.84	8.50
OPM %	13.19%	13.31%	20.05%	23.07%	23.84%	11.69%	16.19%	17.79%	19.43%	11.04%	26.94%	28.31%	21.25%
	-1.19	0.01	4.16	0.33	16.25	11.32	1.15	0.23	1.82	1.64	1.15	1.12	2.83
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.06
Depreciation	1.43	1.39	1.72	1.76	2.09	1.84	1.77	1.94	2.02	2.03	2.04	2.21	2.11
Profit before tax	1.68	3.23	9.21	7.01	24.02	14.23	5.90	5.20	7.86	3.36	10.61	11.71	9.16
Tax %	414.88%	-13.62%	26.93%	24.96%	24.40%	6.96%	26.61%	25.00%	24.94%	40.77%	26.48%	29.04%	27.07%
	-5.29	3.67	6.73	5.26	18.17	13.24	4.33	3.91	5.90	1.99	7.80	8.31	6.67
EPS in Rs	-9.45	6.55	12.02	9.39	32.45	23.64	7.73	6.98	10.54	3.55	13.93	14.84	11.91
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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
	80	80	81	89	89	111	109	120	129	107	152	155	162
	62	62	64	70	68	83	86	100	111	96	122	129	125
Operating Profit	17	18	17	18	20	29	23	20	17	10	30	25	37
OPM %	22%	22%	21%	21%	23%	26%	21%	17%	13%	10%	20%	16%	23%
	1	1	2	0	2	2	3	6	7	1	32	5	7
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	3	4	5	8	7	5	4	4	5	6	7	8	8
Profit before tax	14	14	13	11	16	26	21	22	18	6	54	22	35
Tax %	36%	40%	37%	44%	36%	37%	35%	30%	29%	116%	20%	28%
	9	9	8	6	10	17	14	15	13	-1	43	16	25
EPS in Rs	16.21	15.27	15.04	10.75	17.64	29.64	24.79	27.45	23.43	-1.66	77.48	28.79	44.23
Dividend Payout %	3%	3%	3%	5%	11%	13%	32%	29%	34%	0%	70%	69%

Compounded Sales Growth
10 Years:	7%
5 Years:	7%
3 Years:	6%
TTM:	0%

Compounded Profit Growth
10 Years:	6%
5 Years:	3%
3 Years:	7%
TTM:	-10%

Stock Price CAGR
10 Years:	25%
5 Years:	13%
3 Years:	21%
1 Year:	53%

Return on Equity
10 Years:	15%
5 Years:	14%
3 Years:	14%
Last Year:	13%

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	3	3	3	3	3	3	3	3	3	3	3	3	3
Reserves	36	45	53	58	67	77	88	96	105	100	120	124	134
	5	0	0	0	0	0	0	0	0	0	0	0	1
	29	28	27	14	18	38	23	28	32	37	32	34	32
Total Liabilities	73	76	82	75	88	118	114	127	139	139	155	161	170
	25	25	23	18	15	25	27	31	32	30	38	53	54
CWIP	1	0	0	1	3	2	0	4	19	22	15	1	2
Investments	5	5	5	5	5	0	0	0	0	0	0	0	0
	41	46	54	51	65	91	87	93	88	87	102	106	115
Total Assets	73	76	82	75	88	118	114	127	139	139	155	161	170

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
	7	12	6	3	18	25	17	21	11	19	26	32
	-2	-4	-2	-2	-15	-8	-10	-29	1	-7	-2	-10
	-7	-5	-0	-0	-0	-1	-3	-7	-4	-4	-24	-12
Net Cash Flow	-2	3	3	1	2	16	4	-15	7	7	0	9

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	66	64	61	50	59	60	57	52	66	76	75	64
Inventory Days	173	150	156	142	149	158	179	159	158	143	136	124
Days Payable	237	249	232	116	119	129	176	161	145	178	154	146
Cash Conversion Cycle	2	-35	-15	75	89	89	60	49	78	41	57	42
Working Capital Days	3	23	41	69	67	5	60	44	62	33	71	48
ROCE %	37%	31%	27%	19%	24%	36%	25%	23%	18%	8%	39%	18%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.72%	0.22%	0.22%	0.22%	0.22%	0.19%	0.19%	0.19%	0.19%	0.06%	0.00%	0.00%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	24.26%	24.76%	24.76%	24.76%	24.76%	24.79%	24.79%	24.79%	24.79%	24.91%	24.97%	24.98%
No. of Shareholders	3,952	4,449	5,121	4,904	5,046	5,623	5,542	5,516	5,440	5,619	6,318	6,270

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.95%	1.22%	1.22%	1.03%	0.80%	0.22%	0.19%	0.00%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	24.03%	23.76%	23.76%	23.95%	24.18%	24.76%	24.79%	24.98%
No. of Shareholders	2,755	3,326	3,799	3,572	3,957	4,904	5,516	6,270

* 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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Morganite Crucible (India) Ltd

Morganite Crucible (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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