Murudeshwar Ceramics Ltd

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

Murudeshwar Ceramics Ltd

₹ 49.0 0.41%
16 Apr - close price
naveentile.com BSE: 515037 NSE : MURUDCERA
About

Incorporated in 1983, Murudeshwar
Ceramics Ltd manufacture and trades in wide range of Ceramic and Vitrified floor & Wall tiles[1]

Key Points

Business Overview:[1]
MCL is a part of RN Shetty Group.It is an ISO: 9001-2000 certified manufacturer of glazed ceramic floor tiles, vitrified porcelain, and
natural granite slabs, which It sells directly to real estate entities and through retail sales channels.

Website BSE NSE
  • Market Cap ₹ 296 Cr.
  • Current Price ₹ 49.0
  • High / Low ₹ 71.9 / 33.8
  • Stock P/E 44.6
  • Book Value ₹ 60.4
  • Dividend Yield 1.02 %
  • ROCE 4.66 %
  • ROE 1.92 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.81 times its book value
  • Debtor days have improved from 82.0 to 35.2 days.
  • Promoter holding has increased by 1.29% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.32% 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

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
28.02 28.60 17.12 30.73 37.77 37.29 31.57 39.83 43.85 57.15 37.90 45.71 51.04
20.09 20.87 13.62 23.14 31.35 28.93 25.13 32.12 36.67 47.62 30.39 38.56 43.62
Operating Profit 7.93 7.73 3.50 7.59 6.42 8.36 6.44 7.71 7.18 9.53 7.51 7.15 7.42
OPM % 28.30% 27.03% 20.44% 24.70% 17.00% 22.42% 20.40% 19.36% 16.37% 16.68% 19.82% 15.64% 14.54%
0.17 1.00 0.08 0.12 0.47 0.75 0.05 0.09 0.09 0.76 0.07 0.08 0.03
Interest 3.67 5.02 2.65 3.68 2.94 4.02 2.76 3.65 2.89 4.07 2.96 2.53 2.34
Depreciation 2.42 2.43 2.40 2.45 2.44 2.98 2.52 2.59 2.61 3.37 2.76 2.77 2.75
Profit before tax 2.01 1.28 -1.47 1.58 1.51 2.11 1.21 1.56 1.77 2.85 1.86 1.93 2.36
Tax % 0.00% -317.97% 0.00% 1.27% 17.22% 61.61% 16.53% 7.69% 16.95% 4.91% 39.25% 37.82% 30.93%
2.01 5.36 -1.48 1.57 1.25 0.81 1.00 1.43 1.47 2.70 1.12 1.20 1.63
EPS in Rs 0.42 1.02 -0.28 0.30 0.24 0.15 0.17 0.25 0.25 0.47 0.19 0.21 0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
178 144 145 138 115 105 119 126 103 80 122 170 192
136 112 114 107 88 79 88 97 82 71 96 140 160
Operating Profit 42 31 31 31 27 26 32 29 21 9 26 31 32
OPM % 24% 22% 21% 22% 24% 25% 26% 23% 20% 11% 21% 18% 16%
1 0 1 1 1 1 1 2 9 1 1 1 1
Interest 24 22 21 21 20 17 19 16 16 16 13 13 12
Depreciation 17 9 9 9 7 8 9 9 10 10 10 11 12
Profit before tax 3 1 2 2 2 2 5 5 3 -16 4 7 9
Tax % -42% 6% 22% 15% 7% 47% 4% 9% 47% 26% 42% 10%
4 1 1 2 2 1 5 5 2 -12 2 7 7
EPS in Rs 1.02 0.22 0.29 0.42 0.38 0.31 1.09 1.01 0.37 -2.27 0.39 1.14 1.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 44%
Compounded Sales Growth
10 Years: 2%
5 Years: 7%
3 Years: 18%
TTM: 26%
Compounded Profit Growth
10 Years: 19%
5 Years: 6%
3 Years: 57%
TTM: 41%
Stock Price CAGR
10 Years: 12%
5 Years: 18%
3 Years: 37%
1 Year: 45%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 37 39 41 41 41 43 45 48 48 52 55 58 58
Reserves 262 264 267 269 274 281 275 285 287 281 283 292 291
136 133 124 109 103 100 104 93 79 85 83 120 118
44 42 31 38 49 54 51 48 59 54 54 71 86
Total Liabilities 479 479 463 456 467 477 475 474 473 472 475 540 553
279 277 280 278 278 309 302 298 306 297 298 297 291
CWIP 2 2 2 0 19 2 5 1 2 8 6 78 85
Investments 3 4 4 4 4 4 4 4 4 4 9 9 9
194 196 178 174 166 163 165 171 161 163 162 156 168
Total Assets 479 479 463 456 467 477 475 474 473 472 475 540 553

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 27 36 36 46 23 5 15 47 0 24 42
-6 -7 -11 -4 -25 -20 -4 -1 -18 -6 -12 -81
-24 -20 -24 -32 -19 -4 -3 -15 -29 5 -8 35
Net Cash Flow -0 -0 1 -1 2 -1 -2 -1 0 0 3 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 77 97 93 131 106 107 100 134 146 145 66 35
Inventory Days 925 1,296 847 806 1,409 1,624 1,421 759 779 1,240 1,201 975
Days Payable 163 239 113 182 322 335 249 112 184 223 203 228
Cash Conversion Cycle 839 1,154 827 756 1,193 1,395 1,272 781 741 1,162 1,065 782
Working Capital Days 311 393 369 361 382 141 167 187 164 517 347 214
ROCE % 6% 5% 5% 5% 5% 5% 6% 5% 5% -0% 4% 5%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.84% 69.84% 69.84% 71.28% 72.65% 72.65% 72.65% 72.65% 72.65% 72.65% 72.65% 73.93%
0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.00% 0.04% 0.00% 0.01% 0.02%
0.14% 0.14% 0.14% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.01% 30.01% 30.02% 28.71% 27.34% 27.30% 27.34% 27.35% 27.30% 27.34% 27.33% 26.03%
No. of Shareholders 19,28618,92818,88119,00618,76318,43521,14020,48120,27120,41321,30320,899

* 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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