Morganite Crucible (India) Ltd

About

Morganite Crucible (India) is primarily engaged in the manufacture and selling of silicon carbide and clay graphite crucibles and its accessories.

  • Market Cap 575 Cr.
  • Current Price 1,026
  • High / Low 1,213 / 730
  • Stock P/E 39.3
  • Book Value 157
  • Dividend Yield 0.00 %
  • ROCE 32.4 %
  • ROE 18.2 %
  • Face Value 5.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 2.29% over past five years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

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%
Other Income 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%
Net Profit 1 1 3 7 6 10 10 8 6 10 15
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:17%
5 Years:24%
3 Years:4%
1 Year:15%
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
3 3 3 3 3 3 3 3 3 3 3
Reserves 12 13 16 23 29 39 48 56 62 70 85
Borrowings 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 8 29 28 39 65 68 60
ROCE % 12% 20% 32% 33% 42% 38% 27% 18% 27% 32%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
1.22 1.22 1.22 1.13 1.10 1.03 1.03 1.03 1.03 0.80 0.72 0.22
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
23.76 23.76 23.76 23.85 23.88 23.95 23.95 23.95 23.95 24.18 24.26 24.76

Documents