Murudeshwar Ceramics Ltd

About

Murudeshwar Ceramics is manufacturing and trading Ceramic and Vitrified floor & wall tiles.

  • Market Cap 145 Cr.
  • Current Price 27.6
  • High / Low 33.5 / 15.4
  • Stock P/E
  • Book Value 63.2
  • Dividend Yield 0.00 %
  • ROCE 0.00 %
  • ROE -3.57 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.44 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -7.00% over past five years.
  • Company has a low return on equity of -0.55% for last 3 years.
  • Company's cost of borrowing seems high
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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
25.92 29.30 45.77 25.49 22.93 27.51 27.24 8.84 14.72 28.02 28.60 17.12
18.43 21.13 40.79 19.18 14.84 21.06 27.38 14.36 16.76 20.09 20.30 13.62
Operating Profit 7.49 8.17 4.98 6.31 8.09 6.45 -0.14 -5.52 -2.04 7.93 8.30 3.50
OPM % 28.90% 27.88% 10.88% 24.75% 35.28% 23.45% -0.51% -62.44% -13.86% 28.30% 29.02% 20.44%
Other Income 0.33 0.34 0.92 0.21 7.56 0.21 0.53 0.04 0.35 0.17 1.00 0.08
Interest 4.52 4.72 2.81 3.14 5.30 3.83 3.72 3.22 4.01 3.67 5.02 2.65
Depreciation 2.28 2.23 2.16 2.46 2.46 2.52 2.49 2.43 2.41 2.42 2.99 2.40
Profit before tax 1.02 1.56 0.93 0.92 7.89 0.31 -5.82 -11.13 -8.11 2.01 1.29 -1.47
Tax % 20.59% 21.15% -32.26% 20.65% 20.91% 22.58% 6.01% 0.00% 0.00% 0.00% -315.50% 0.00%
Net Profit 0.80 1.23 1.24 0.73 6.24 0.25 -5.48 -11.13 -8.12 2.01 5.36 -1.48
EPS in Rs 0.17 0.26 0.26 0.15 1.31 0.05 -1.15 -2.34 -1.71 0.42 1.02 -0.28

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
129.92 172.03 178.44 143.68 144.66 137.80 114.86 105.25 119.33 125.65 102.95 79.89 88.46
95.41 119.07 136.27 112.46 114.12 106.80 87.59 78.95 87.71 96.92 82.22 70.82 70.77
Operating Profit 34.51 52.96 42.17 31.22 30.54 31.00 27.27 26.30 31.62 28.73 20.73 9.07 17.69
OPM % 26.56% 30.79% 23.63% 21.73% 21.11% 22.50% 23.74% 24.99% 26.50% 22.87% 20.14% 11.35% 20.00%
Other Income 0.33 0.38 0.95 0.26 1.01 1.49 1.34 0.94 1.22 1.66 8.51 1.16 1.60
Interest 25.95 22.83 23.56 21.56 21.00 21.22 19.78 16.85 18.71 16.18 16.00 15.93 15.35
Depreciation 24.66 25.40 16.91 9.03 9.05 9.26 7.14 7.93 9.03 8.96 9.93 10.25 10.22
Profit before tax -15.77 5.11 2.65 0.89 1.50 2.01 1.69 2.46 5.10 5.25 3.31 -15.95 -6.28
Tax % 2.98% -3.72% -42.26% 5.62% 22.00% 14.93% 7.10% 46.75% 3.53% 8.57% 47.13% 25.52%
Net Profit -15.30 5.30 3.77 0.84 1.17 1.72 1.57 1.32 4.92 4.79 1.75 -11.87 -2.23
EPS in Rs 1.51 1.02 0.22 0.29 0.42 0.38 0.31 1.09 1.01 0.37 -2.27 -0.55
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:-7%
5 Years:-7%
3 Years:-13%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:78%
Stock Price CAGR
10 Years:5%
5 Years:-5%
3 Years:5%
1 Year:71%
Return on Equity
10 Years:0%
5 Years:0%
3 Years:-1%
Last Year:-4%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
17.51 35.01 36.85 38.79 40.82 40.82 40.82 42.96 45.21 47.58 47.58 52.34
Reserves 234.39 257.18 262.24 264.43 267.03 268.74 274.09 280.90 275.14 285.49 286.71 278.38
Borrowings 175.43 141.03 135.75 133.33 124.38 108.66 102.82 99.76 103.65 92.62 79.33 84.80
41.95 43.27 43.85 42.24 30.81 38.07 48.87 53.74 51.45 47.82 58.89 56.50
Total Liabilities 469.28 476.49 478.69 478.79 463.04 456.29 466.60 477.36 475.45 473.51 472.51 472.02
306.37 290.16 279.37 276.98 279.80 277.65 277.54 308.70 301.69 298.31 306.02 297.27
CWIP 0.73 1.60 2.04 2.10 1.99 0.40 19.13 1.69 4.53 0.68 2.05 7.69
Investments 3.00 3.00 3.00 3.66 3.66 3.77 3.90 3.90 3.90 3.90 3.90 3.90
159.18 181.73 194.28 196.05 177.59 174.47 166.03 163.07 165.33 170.62 160.54 163.16
Total Assets 469.28 476.49 478.69 478.79 463.04 456.29 466.60 477.36 475.45 473.51 472.51 472.02

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
44.42 31.79 30.03 27.22 35.64 35.55 45.80 22.77 4.93 14.61 47.46 0.49
-3.24 -9.75 -6.20 -7.14 -10.78 -4.16 -24.68 -20.13 -3.68 -0.96 -18.00 -5.80
-40.72 -21.30 -24.03 -20.16 -24.04 -31.97 -19.37 -3.79 -2.87 -14.99 -29.22 5.44
Net Cash Flow 0.46 0.74 -0.20 -0.08 0.82 -0.58 1.75 -1.16 -1.62 -1.34 0.24 0.13

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 63.27 45.28 76.65 97.32 93.36 131.19 106.23 106.64 99.59 133.57 145.61 144.60
Inventory Days 2,296.27 1,666.61 925.19 1,295.66 846.59 806.36 1,408.85 1,623.62 1,420.86 759.16 779.40 1,240.41
Days Payable 554.91 0.00 0.00 238.80 74.57 98.71 203.91 274.42 194.45 79.88 168.04 176.62
Cash Conversion Cycle 1,804.62 1,711.89 1,001.83 1,154.19 865.38 838.84 1,311.17 1,455.84 1,326.00 812.84 756.97 1,208.38
Working Capital Days 339.38 296.77 311.04 392.87 368.91 361.05 382.26 393.68 385.65 389.43 410.70 517.14
ROCE % 2.35% 6.49% 6.04% 5.23% 5.16% 5.46% 5.14% 4.59% 5.62% 5.03% 4.57% -0.00%

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
66.83 66.83 66.83 66.83 66.83 66.83 66.83 66.83 66.83 69.84 69.84 69.84
0.45 0.45 0.45 0.45 0.55 0.47 0.46 0.46 0.46 0.14 0.14 0.14
32.72 32.72 32.72 32.72 32.62 32.71 32.71 32.71 32.71 30.01 30.01 30.01

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