Murudeshwar Ceramics Ltd

₹ 47.8 -1.44%

29 Sep - close price

naveentile.com BSE: 515037 NSE : MURUDCERA

About

Murudeshwar Ceramics Limited (MCL) is engaged in the business of manufacturing and selling a wide range of Ceramic and Vitrified tiles which are marketed under its brand name NAVEEN. ^[1]

Key Points

Product Portfolio
Floor Tiles: In this category the Co provides a wide range of Ceramic Tiles, Double Charge, Exterior Tiles, Full Body, Glazed Vitrified Tiles, Polished Glazed Vitrified Tiles, and Soluble Salt. ^[1]
Wall Tiles: Under this the Co provides contemporary style to modern trend tiles for bathroom tiles, kitchen tiles, and outdoor tiles. ^[2]
Wall Tiles: These are best for bathroom tiles and kitchen tiles for home ^[3]

Website BSE NSE

Market Cap ₹ 276 Cr.
Current Price ₹ 47.8
High / Low ₹ 52.8 / 27.0
Stock P/E 41.1
Book Value ₹ 60.6
Dividend Yield 1.04 %
ROCE 4.66 %
ROE 1.92 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.79 times its book value
Company is expected to give good quarter
Debtor days have improved from 82.0 to 35.2 days.

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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	8.84	14.72	28.02	28.60	17.12	30.73	37.77	37.29	31.57	39.83	43.85	57.15	37.90
	14.36	16.76	20.09	20.87	13.62	23.14	31.35	28.93	25.13	32.12	36.67	47.62	30.39
Operating Profit	-5.52	-2.04	7.93	7.73	3.50	7.59	6.42	8.36	6.44	7.71	7.18	9.53	7.51
OPM %	-62.44%	-13.86%	28.30%	27.03%	20.44%	24.70%	17.00%	22.42%	20.40%	19.36%	16.37%	16.68%	19.82%
	0.04	0.35	0.17	1.00	0.08	0.12	0.47	0.75	0.05	0.09	0.09	0.76	0.07
Interest	3.22	4.01	3.67	5.02	2.65	3.68	2.94	4.02	2.76	3.65	2.89	4.07	2.96
Depreciation	2.43	2.41	2.42	2.43	2.40	2.45	2.44	2.98	2.52	2.59	2.61	3.37	2.76
Profit before tax	-11.13	-8.11	2.01	1.28	-1.47	1.58	1.51	2.11	1.21	1.56	1.77	2.85	1.86
Tax %	0.00%	0.00%	0.00%	-317.97%	0.00%	1.27%	17.22%	61.61%	16.53%	7.69%	16.95%	4.91%	39.25%
	-11.13	-8.12	2.01	5.36	-1.48	1.57	1.25	0.81	1.00	1.43	1.47	2.70	1.12
EPS in Rs	-2.34	-1.71	0.42	1.02	-0.28	0.30	0.24	0.15	0.17	0.25	0.25	0.47	0.19
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	179
	136	112	114	107	88	79	88	97	82	71	96	140	147
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%	18%
	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	14
Depreciation	17	9	9	9	7	8	9	9	10	10	10	11	11
Profit before tax	3	1	2	2	2	2	5	5	3	-16	4	7	8
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	1.16
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:	30%

Compounded Profit Growth
10 Years:	19%
5 Years:	6%
3 Years:	57%
TTM:	45%

Stock Price CAGR
10 Years:	14%
5 Years:	14%
3 Years:	49%
1 Year:	65%

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

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

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	66.83%	66.83%	69.84%	69.84%	69.84%	69.84%	71.28%	72.65%	72.65%	72.65%	72.65%	72.65%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.00%	0.00%	0.04%
	0.46%	0.46%	0.14%	0.14%	0.14%	0.14%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
	32.71%	32.71%	30.01%	30.01%	30.01%	30.02%	28.71%	27.34%	27.30%	27.34%	27.35%	27.30%
No. of Shareholders	18,178	18,557	18,450	19,286	18,928	18,881	19,006	18,763	18,435	21,140	20,481	20,271

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Jun 2023
	63.26%	65.09%	66.83%	66.83%	69.84%	71.28%	72.65%	72.65%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%
	0.56%	0.48%	0.45%	0.47%	0.14%	0.01%	0.00%	0.00%
	36.17%	34.43%	32.72%	32.71%	30.01%	28.71%	27.35%	27.30%
No. of Shareholders	12,951	16,923	17,237	17,206	18,450	19,006	20,481	20,271

* 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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Murudeshwar Ceramics Ltd

Murudeshwar Ceramics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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