Morganite Crucible (India) Ltd
Incorporated in 1986, Morganite Crucible (India) Ltd manufactures and sells silicon carbide and clay graphite crucibles and its accessories[1]
- Market Cap ₹ 852 Cr.
- Current Price ₹ 1,521
- High / Low ₹ 1,964 / 1,170
- Stock P/E 58.2
- Book Value ₹ 157
- Dividend Yield 3.24 %
- ROCE 29.6 %
- ROE 18.2 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.19%.
Cons
- Stock is trading at 9.80 times its book value
- The company has delivered a poor sales growth of 2.29% 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
Industrials Capital Goods Industrial Products Electrodes & Refractories
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 28 | 41 | 66 | 83 | 99 | 100 | 101 | 110 | 110 | 111 | |
| 22 | 24 | 36 | 51 | 66 | 78 | 78 | 83 | 90 | 86 | 83 | |
| Operating Profit | 4 | 4 | 5 | 15 | 16 | 22 | 22 | 18 | 20 | 24 | 29 |
| OPM % | 15% | 15% | 12% | 23% | 20% | 22% | 22% | 18% | 18% | 22% | 26% |
| 1 | 0 | 4 | 2 | 1 | 1 | 1 | 2 | 1 | 3 | 2 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 4 | 4 | 4 | 5 | 6 | 9 | 8 | 5 |
| Profit before tax | 2 | 2 | 5 | 11 | 12 | 18 | 18 | 14 | 11 | 18 | 26 |
| Tax % | 42% | 50% | 34% | 31% | 45% | 36% | 40% | 39% | 48% | 43% | 37% |
| 1 | 1 | 4 | 8 | 7 | 12 | 11 | 9 | 6 | 10 | 16 | |
| EPS in Rs | 1.86 | 1.52 | 5.27 | 12.91 | 10.21 | 18.27 | 17.18 | 15.09 | 10.29 | 17.84 | 25.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 3% | 3% | 3% | 5% | 11% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 7% |
| 3 Years: | 20% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 14% |
| 3 Years: | 16% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 12 | 13 | 16 | 23 | 29 | 39 | 48 | 56 | 62 | 70 | 85 |
| 8 | 10 | 20 | 15 | 10 | 5 | 0 | 0 | 0 | 0 | 0 | |
| 7 | 11 | 29 | 31 | 33 | 37 | 40 | 40 | 27 | 31 | 30 | |
| Total Liabilities | 30 | 37 | 68 | 72 | 75 | 84 | 91 | 99 | 92 | 104 | 118 |
| 15 | 15 | 34 | 32 | 32 | 30 | 29 | 31 | 26 | 24 | 25 | |
| CWIP | 1 | 7 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 3 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 | 15 | 33 | 39 | 43 | 53 | 62 | 68 | 65 | 77 | 91 | |
| Total Assets | 30 | 37 | 68 | 72 | 75 | 84 | 91 | 99 | 92 | 104 | 118 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 4 | 6 | 10 | 16 | 8 | 15 | 7 | 3 | 19 | 25 | |
| -12 | -7 | -16 | -2 | -7 | -4 | -5 | -4 | -1 | -17 | -8 | |
| 5 | 1 | 8 | -5 | -6 | -7 | -5 | -0 | -0 | -0 | -1 | |
| Net Cash Flow | -3 | -2 | -1 | 4 | 4 | -3 | 4 | 2 | 2 | 2 | 16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 76 | 79 | 66 | 52 | 64 | 62 | 61 | 52 | 59 | 60 |
| Inventory Days | 160 | 217 | 355 | 239 | 157 | 168 | 167 | 152 | 155 | 168 | 172 |
| Days Payable | 0 | 277 | 545 | 377 | 226 | 218 | 243 | 227 | 146 | 126 | 141 |
| Cash Conversion Cycle | 226 | 15 | -111 | -72 | -17 | 13 | -14 | -15 | 61 | 101 | 91 |
| Working Capital Days | 83 | 66 | 55 | 38 | -19 | 11 | 28 | 39 | 65 | 68 | 60 |
| ROCE % | 12% | 19% | 30% | 31% | 38% | 34% | 24% | 17% | 25% | 30% |
Documents
Announcements
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Disclosure Under PIT Reg
18 Nov - Promoters sold 21,56,000 and 20,44,000 shares on Nov 12, 2025; received Foseco India shares.
-
Update Of Website
14 Nov - Official website changed to morganmms.com and fosecocrucibleindia.com, effective Nov 14, 2025.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
14 Nov - Sold 2,044,000 shares (36.5%) off-market on Nov 12, 2025; promoters exit.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 14 Nov
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 14 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Dec 2023TranscriptPPT
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Dec 2023TranscriptPPT
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Dec 2022TranscriptPPT
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Jul 2022TranscriptPPT
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