Associated Ceramics Ltd

Associated Cera. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Associated Ceramics Ltd

₹ 310 5.00%
26 Apr - close price
associatedceremics.com BSE: 531168
About

Incorporated in 1970, Associated Ceramics Ltd manufactures and sells refractory items[1]

Key Points

Business Overview:[1]
ACL manufactures refractories for the heat containment industries. Its custom designed refractory products are supplied to industries which includes glass, steel, cement, aluminum and graphite electrode manufacturers, etc.

Website BSE
  • Market Cap ₹ 93.1 Cr.
  • Current Price ₹ 310
  • High / Low ₹ 1,408 / 23.0
  • Stock P/E 58.6
  • Book Value ₹ 103
  • Dividend Yield 0.00 %
  • ROCE 19.7 %
  • ROE 16.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 49.0 to 25.4 days.
  • Company's working capital requirements have reduced from 115 days to 61.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Figures in Rs. Crores

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
7.45 10.81 7.48 11.67 10.39 8.83 9.58 14.70 12.74 18.78 7.99 9.13 13.31
6.47 9.08 6.57 10.01 7.30 8.43 8.05 14.29 9.71 16.29 7.97 6.61 11.32
Operating Profit 0.98 1.73 0.91 1.66 3.09 0.40 1.53 0.41 3.03 2.49 0.02 2.52 1.99
OPM % 13.15% 16.00% 12.17% 14.22% 29.74% 4.53% 15.97% 2.79% 23.78% 13.26% 0.25% 27.60% 14.95%
0.04 0.90 0.10 0.13 0.09 0.05 0.07 0.04 0.03 0.47 0.13 0.08 0.08
Interest 0.08 0.08 0.06 0.01 0.00 0.02 0.07 0.10 0.13 0.03 0.04 0.05 0.12
Depreciation 0.37 0.13 0.28 0.28 0.28 0.15 0.23 0.23 0.23 0.89 0.59 1.23 0.97
Profit before tax 0.57 2.42 0.67 1.50 2.90 0.28 1.30 0.12 2.70 2.04 -0.48 1.32 0.98
Tax % 0.00% -13.64% 0.00% 0.00% 0.00% 414.29% 0.00% 0.00% 0.00% 77.94% 25.00% 25.76% 25.51%
0.57 2.76 0.67 1.50 2.90 -0.88 1.30 0.13 2.70 0.44 -0.35 0.98 0.72
EPS in Rs 1.90 9.18 2.23 4.99 9.65 -2.93 4.33 0.43 8.99 1.46 -1.16 3.26 2.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
22.87 32.32 26.51 16.64 25.07 19.52 16.74 27.38 33.65 31.09 38.37 55.80 49.21
21.42 30.25 24.34 15.90 22.93 20.71 16.91 24.17 29.42 26.02 32.28 48.16 42.19
Operating Profit 1.45 2.07 2.17 0.74 2.14 -1.19 -0.17 3.21 4.23 5.07 6.09 7.64 7.02
OPM % 6.34% 6.40% 8.19% 4.45% 8.54% -6.10% -1.02% 11.72% 12.57% 16.31% 15.87% 13.69% 14.27%
0.88 0.45 0.16 0.24 0.08 0.37 0.70 0.30 0.75 0.50 0.37 0.61 0.76
Interest 0.25 0.33 0.63 0.09 0.45 1.09 0.89 0.47 0.41 0.24 0.12 0.51 0.24
Depreciation 1.10 1.13 0.91 0.61 1.09 1.79 1.56 1.33 1.27 1.13 0.99 1.57 3.68
Profit before tax 0.98 1.06 0.79 0.28 0.68 -3.70 -1.92 1.71 3.30 4.20 5.35 6.17 3.86
Tax % 50.00% 44.34% 31.65% 17.86% 239.71% 14.05% -4.17% -10.53% 1.52% -7.86% 21.68% 25.77%
0.49 0.59 0.54 0.23 -0.94 -3.16 -2.00 1.88 3.26 4.54 4.18 4.58 1.79
EPS in Rs 1.63 1.96 1.80 0.77 -3.13 -10.52 -6.66 6.26 10.85 15.11 13.91 15.24 5.96
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: %
5 Years: 27%
3 Years: 18%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 11%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 1313%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 21%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 4.26
Reserves 12.89 13.59 14.12 14.36 13.38 9.66 7.65 9.53 12.79 17.32 21.49 26.07 26.69
Preference Capital 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98
3.61 4.24 4.11 3.01 12.11 11.81 10.04 1.52 3.79 5.57 3.16 6.35 3.90
12.57 10.57 10.26 9.98 9.72 9.34 7.28 10.84 9.44 6.44 6.65 9.88 10.66
Total Liabilities 31.35 30.68 30.77 29.63 37.49 33.09 27.25 24.17 28.30 31.61 33.58 44.58 45.51
8.37 7.34 6.52 5.49 13.74 12.66 11.12 10.14 9.74 10.77 10.95 25.29 25.48
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.10 0.00 0.00
Investments 0.28 0.13 0.13 0.25 0.25 0.59 0.56 0.99 0.66 1.37 1.69 1.55 1.55
22.70 23.21 24.12 23.89 23.50 19.84 15.57 13.04 17.90 19.47 16.84 17.74 18.48
Total Assets 31.35 30.68 30.77 29.63 37.49 33.09 27.25 24.17 28.30 31.61 33.58 44.58 45.51

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.13 -0.74 0.00 0.00 3.53 9.01 -0.39 0.18 8.38 8.62
-0.10 -0.68 0.00 0.00 -0.01 -0.29 -0.85 -2.15 -5.33 -11.78
-0.14 2.00 0.00 0.00 -3.16 -8.96 1.87 1.55 -2.50 2.84
Net Cash Flow -0.37 0.59 0.00 0.00 0.36 -0.25 0.63 -0.42 0.54 -0.31

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 107.25 82.78 98.86 73.26 59.40 121.92 124.07 37.33 51.85 92.39 29.30 25.38
Inventory Days 284.24 209.66 254.44 605.87 316.46 253.16 331.45 207.83 166.51 203.88 246.15 145.79
Days Payable 118.90 96.53 100.30 126.86 95.58 113.88 123.58 113.31 51.59 68.03 60.57 68.85
Cash Conversion Cycle 272.59 195.91 253.00 552.28 280.28 261.20 331.94 131.84 166.76 228.24 214.88 102.33
Working Capital Days 173.64 151.56 206.11 302.92 245.91 243.83 229.81 60.52 110.53 173.87 107.97 61.88
ROCE % 6.49% 6.33% 4.36% -9.37% -4.03% 12.88% 20.53% 20.00% 19.62% 19.67%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.34% 44.34% 44.31% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33%
55.66% 55.66% 55.69% 44.67% 44.67% 44.67% 44.68% 44.67% 44.67% 44.67% 44.67% 44.68%
No. of Shareholders 6226226224854844844844874865098761,287

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