Morganite Crucible (India) Ltd

Morganite Crucible (India) Ltd

₹ 1,673 -0.41%
13 Dec 1:51 p.m.
About

Incorporated in 1986, Morganite Crucible (India) Ltd manufactures and sells silicon carbide and clay graphite crucibles and its accessories[1]

Key Points

Business Overview:[1]
MCIL is a part of Morgan Advanced
Materials Plc, a UK-based Group. It is a manufacturer of high-performance crucibles, foundry consumables, and allied refractory products. It supplies crucibles to non-ferrous metals industries and specializes in providing melting solutions to foundries, die-casters, and metal melting facilities covering applications including Zinc, Precious Metals, Aluminium, Copper/Brass/Bronze, and other non-ferrous metals

  • Market Cap 939 Cr.
  • Current Price 1,673
  • High / Low 1,964 / 1,294
  • Stock P/E 35.2
  • Book Value 246
  • Dividend Yield 2.38 %
  • ROCE 28.3 %
  • ROE 20.2 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 78.2%
  • Company's working capital requirements have reduced from 45.2 days to 16.6 days

Cons

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
36.59 41.36 40.63 40.27 38.85 41.49 33.98 42.69 45.35 40.00 39.90 42.90 44.31
28.15 31.50 35.88 33.75 31.94 33.43 30.23 31.19 32.51 31.50 34.28 32.12 31.48
Operating Profit 8.44 9.86 4.75 6.52 6.91 8.06 3.75 11.50 12.84 8.50 5.62 10.78 12.83
OPM % 23.07% 23.84% 11.69% 16.19% 17.79% 19.43% 11.04% 26.94% 28.31% 21.25% 14.09% 25.13% 28.96%
0.33 16.25 11.32 1.15 0.23 1.82 1.64 1.15 1.12 3.39 -2.20 1.96 1.75
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.06 0.03 0.08 0.08
Depreciation 1.76 2.09 1.84 1.77 1.94 2.02 2.03 2.04 2.21 2.11 2.09 1.95 2.17
Profit before tax 7.01 24.02 14.23 5.90 5.20 7.86 3.36 10.61 11.71 9.72 1.30 10.71 12.33
Tax % 24.96% 24.40% 6.96% 26.61% 25.00% 24.94% 40.77% 26.48% 29.04% 27.16% 46.92% 26.33% 27.74%
5.26 18.17 13.24 4.33 3.91 5.90 1.99 7.80 8.31 7.08 0.70 7.90 8.92
EPS in Rs 9.39 32.45 23.64 7.73 6.98 10.54 3.55 13.93 14.84 12.64 1.25 14.11 15.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
80 81 89 89 111 109 120 129 107 152 155 168 167
62 64 70 68 83 86 100 111 96 122 129 129 129
Operating Profit 18 17 18 20 29 23 20 17 10 30 25 39 38
OPM % 22% 21% 21% 23% 26% 21% 17% 13% 10% 20% 16% 23% 23%
1 2 0 2 2 3 6 7 1 32 5 3 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 5 8 7 5 4 4 5 6 7 8 8 8
Profit before tax 14 13 11 16 26 21 22 18 6 54 22 33 34
Tax % 40% 37% 44% 36% 37% 35% 30% 29% 116% 20% 28% 28%
9 8 6 10 17 14 15 13 -1 43 16 23 25
EPS in Rs 15.27 15.04 10.75 17.64 29.64 24.79 27.45 23.43 -1.66 77.48 28.79 41.95 43.93
Dividend Payout % 3% 3% 5% 11% 13% 32% 29% 34% 0% 70% 69% 95%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 16%
TTM: 2%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 151%
TTM: 11%
Stock Price CAGR
10 Years: 22%
5 Years: 17%
3 Years: 21%
1 Year: 6%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 21%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 45 53 58 67 77 88 96 105 100 120 124 126 135
0 0 0 0 0 0 0 0 0 0 0 1 1
28 27 14 18 38 23 28 32 37 32 34 45 43
Total Liabilities 76 82 75 88 118 114 127 139 139 155 161 174 182
25 23 18 15 25 27 31 32 30 38 53 62 65
CWIP 0 0 1 3 2 0 4 19 22 15 1 0 2
Investments 5 5 5 5 0 0 0 0 0 0 0 0 0
46 54 51 65 91 87 93 88 87 102 106 112 115
Total Assets 76 82 75 88 118 114 127 139 139 155 161 174 182

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 6 3 18 25 17 21 11 19 26 32 43
-4 -2 -2 -15 -8 -10 -29 1 -7 -2 -10 -17
-5 -0 -0 -0 -1 -3 -7 -4 -4 -24 -12 -22
Net Cash Flow 3 3 1 2 16 4 -15 7 7 0 9 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 61 50 59 60 57 52 66 76 75 64 58
Inventory Days 150 156 142 149 158 179 159 158 143 136 124 116
Days Payable 249 232 116 119 129 176 161 145 178 154 146 185
Cash Conversion Cycle -35 -15 75 89 89 60 49 78 41 57 42 -11
Working Capital Days 23 41 69 67 5 60 44 62 33 71 48 17
ROCE % 31% 27% 19% 24% 36% 25% 23% 18% 8% 39% 18% 28%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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%
0.22% 0.22% 0.22% 0.19% 0.19% 0.19% 0.19% 0.06% 0.00% 0.00% 0.13% 0.18%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.55% 0.62%
24.76% 24.76% 24.76% 24.79% 24.79% 24.79% 24.79% 24.91% 24.97% 24.98% 24.32% 24.20%
No. of Shareholders 5,1214,9045,0465,6235,5425,5165,4405,6196,3186,2706,1916,695

* 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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