Exxaro Tiles Ltd

Exxaro Tiles Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Exxaro Tiles Ltd

₹ 133 0.34%
29 Sep - close price
exxarotiles.com BSE: 543327 NSE : EXXARO
About

Exxaro Tiles Ltd. (ETL) is engaged in the manufacturing of double charge vitrified tiles and glazed vitrified tiles used for flooring solutions. Its product basket consists of 1000+ designs and it is sold under its own brand "Exxaro". The company has a PAN India presence with 2000+ registered dealers across 24 states/union territories[1]

Key Points

Product Basket
Exxaro has a product portfolio consisting of 1,000+ tile designs in 6 sizes. [1] Exxaro Tiles manufactures two categories of tiles
- Double charge vitrified tiles (35% [2] of the revenue) - Double charge vitrified tiles are tiles that are fed through a press that prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles, which are suitable for heavy traffic commercial projects. [3]
- Glazed vitrified tiles (65% [2] of the revenue) These tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz, and other additives and fired at high temperatures to ensure high strength and low water absorption, which are suitable for flooring in residential complexes as well as various commercial buildings and corporate offices. [3]

Website BSE NSE
  • Market Cap ₹ 593 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 152 / 98.6
  • Stock P/E 83.0
  • Book Value ₹ 61.3
  • Dividend Yield 0.00 %
  • ROCE 5.86 %
  • ROE 2.92 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.58% over past five years.
  • Company has a low return on equity of 6.82% over last 3 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: Ceramic Products Industry: Ceramics - Tiles / Sanitaryware

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
60.98 79.14 87.31 51.23 89.45 85.24 99.42 67.59 72.54 83.17 93.79 74.13
49.72 63.97 73.19 44.82 75.84 72.78 83.47 60.96 65.54 72.78 84.32 66.23
Operating Profit 11.26 15.17 14.12 6.41 13.61 12.46 15.95 6.63 7.00 10.39 9.47 7.90
OPM % 18.47% 19.17% 16.17% 12.51% 15.22% 14.62% 16.04% 9.81% 9.65% 12.49% 10.10% 10.66%
1.86 0.94 1.36 0.47 0.92 0.42 -0.48 0.27 0.51 1.59 -0.65 0.39
Interest 5.26 5.58 5.03 4.38 3.36 0.99 1.25 1.77 2.01 2.38 3.12 3.55
Depreciation 3.02 3.03 4.60 3.39 3.43 3.44 3.38 3.47 3.62 4.35 4.34 4.46
Profit before tax 4.84 7.50 5.85 -0.89 7.74 8.45 10.84 1.66 1.88 5.25 1.36 0.28
Tax % 2.89% 5.47% 25.30% 13.48% 27.39% 32.07% 30.81% 34.34% 27.13% 29.33% 17.65% 39.29%
4.69 7.10 4.37 -0.76 5.62 5.75 7.50 1.08 1.37 3.72 1.13 0.17
EPS in Rs 1.40 2.12 1.30 -0.23 1.26 1.29 1.68 0.24 0.31 0.83 0.25 0.04
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
128 168 220 242 241 254 325 317 324
106 136 178 204 198 206 276 283 289
Operating Profit 22 32 42 39 43 48 48 33 35
OPM % 17% 19% 19% 16% 18% 19% 15% 11% 11%
1 1 2 2 3 4 1 2 2
Interest 7 12 13 17 20 21 10 9 11
Depreciation 4 8 12 15 14 14 14 16 17
Profit before tax 12 13 18 8 12 17 26 10 9
Tax % 3% 5% 3% 3% 7% 11% 31% 28%
11 12 18 8 11 15 18 7 6
EPS in Rs 3.56 3.74 5.30 2.42 3.36 4.54 4.05 1.63 1.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 10%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: -15%
3 Years: -11%
TTM: -64%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 28%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 7%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
33 36 36 36 37 37 45 45
Reserves 38 61 86 97 87 102 222 229
58 148 154 141 171 158 57 94
44 98 108 100 95 76 81 100
Total Liabilities 172 340 382 372 387 369 405 468
76 200 197 186 172 159 150 198
CWIP 23 0 0 0 0 0 0 0
Investments 0 0 0 0 1 1 0 10
72 140 184 186 214 209 255 259
Total Assets 172 340 382 372 387 369 405 468

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 17 32 6 38 25 23
-109 -8 -2 -2 -2 -9 -67
109 -4 -36 -4 -34 -1 28
Net Cash Flow 1 4 -6 -1 2 14 -16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 97 132 116 128 146 129 114 127
Inventory Days 85 206 230 172 540 451 357 433
Days Payable 87 181 134 124 357 220 180 253
Cash Conversion Cycle 94 158 212 175 329 361 291 307
Working Capital Days 79 117 128 129 168 193 180 188
ROCE % 13% 12% 9% 11% 13% 12% 6%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
42.07% 42.07% 42.07% 42.07% 42.07% 42.07% 42.07% 42.07%
4.33% 4.19% 4.17% 4.13% 4.23% 4.13% 4.13% 4.13%
4.85% 4.86% 4.86% 4.86% 4.86% 0.00% 0.00% 0.00%
48.75% 48.89% 48.90% 48.95% 48.84% 53.81% 53.81% 53.80%
No. of Shareholders 42,45941,45039,38737,39136,11534,72132,72131,221

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • May 2023
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  • Nov 2022
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  • Oct 2021
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