Vesuvius India Ltd

₹ 1,615 0.04%
02 Feb 2:21 p.m.
About

Vesuvius India Ltd is primarily engaged in manufacturing and trading of refractory goods. It also provides services in relation to refractory goods. It has operations in India and caters to both domestic and international markets.[1]

Key Points

Products and Services
The company's products include shaped refractories like shrouds, stoppers, pre-cast products, nozzles, and crucibles. It also includes unshaped refractories like castables and taphole clay. It also offers repair and maintenance services for its refractories.[1] In 2020, shaped and unshaped refractories each accounted for ~50% of revenues for the company.[2]

  • Market Cap 3,279 Cr.
  • Current Price 1,615
  • High / Low 1,780 / 900
  • Stock P/E 32.0
  • Book Value 460
  • Dividend Yield 0.50 %
  • ROCE 10.6 %
  • ROE 7.83 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Cons

  • Stock is trading at 3.54 times its book value
  • The company has delivered a poor sales growth of 4.97% over past five years.
  • Company has a low return on equity of 8.39% 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
218 228 206 139 212 234 249 272 268 259 312 330 353
192 198 180 131 194 209 225 244 240 239 278 289 303
Operating Profit 26 30 26 8 18 25 24 28 28 20 33 41 50
OPM % 12% 13% 12% 6% 8% 11% 9% 10% 10% 8% 11% 12% 14%
10 6 6 6 5 4 4 5 5 5 5 5 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 7 6 7 6 6 7 6 6 7 8 7 7 8
Profit before tax 29 31 25 8 16 22 22 26 26 18 32 39 49
Tax % 26% 26% 25% 25% 26% 27% 25% 26% 26% 26% 25% 25% 26%
Net Profit 22 23 19 6 12 16 16 19 19 13 24 29 36
EPS in Rs 10.67 11.18 9.19 2.92 6.03 8.00 7.95 9.55 9.56 6.47 11.64 14.50 17.78
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 TTM
440 543 564 602 652 700 822 911 925 887 792 1,047 1,253
358 446 466 489 552 574 670 745 777 766 714 947 1,109
Operating Profit 82 97 98 112 101 126 152 167 148 121 77 100 144
OPM % 19% 18% 17% 19% 15% 18% 18% 18% 16% 14% 10% 10% 12%
7 1 2 5 9 10 13 9 23 29 21 20 21
Interest 1 1 1 1 0 1 1 1 1 1 1 1 0
Depreciation 13 15 16 18 19 23 27 30 28 27 26 27 29
Profit before tax 75 83 83 99 90 112 136 145 142 123 72 92 137
Tax % 35% 33% 33% 34% 34% 35% 35% 35% 35% 31% 26% 26%
Net Profit 49 55 56 65 59 74 89 94 93 86 53 68 102
EPS in Rs 24.07 27.21 27.47 32.11 29.15 36.26 43.79 46.54 45.59 42.15 26.14 33.53 50.39
Dividend Payout % 17% 16% 16% 15% 24% 17% 15% 15% 15% 21% 27% 24%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 4%
TTM: 23%
Compounded Profit Growth
10 Years: 2%
5 Years: -5%
3 Years: -10%
TTM: 44%
Stock Price CAGR
10 Years: 17%
5 Years: 4%
3 Years: 14%
1 Year: 44%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 8%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 233 278 323 377 419 477 562 641 717 784 822 876 914
0 0 0 0 0 0 0 0 0 0 0 0 0
232 124 117 120 139 147 161 193 188 177 216 292 310
Total Liabilities 485 422 460 518 578 644 743 854 925 981 1,058 1,188 1,243
92 109 117 134 132 131 124 113 121 124 120 116 116
CWIP 20 30 22 5 20 14 16 38 26 28 21 27 80
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
374 283 321 379 426 499 603 703 779 829 917 1,045 1,047
Total Assets 485 422 460 518 578 644 743 854 925 981 1,058 1,188 1,243

Cash Flows

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
31 45 50 64 65 54 50 191 95 74 102 27
-21 -39 -20 -53 -28 -21 21 2 -310 297 -503 -39
-9 -10 -10 -11 -14 -15 -15 -16 -17 -17 -14 -14
Net Cash Flow 1 -4 20 1 23 18 56 177 -231 354 -415 -26

Ratios

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
Debtor Days 96 100 108 108 105 118 119 88 72 77 75 57
Inventory Days 57 58 59 65 69 68 77 69 84 77 91 124
Days Payable 90 102 88 83 87 97 98 111 98 89 122 130
Cash Conversion Cycle 63 56 79 91 87 90 98 46 58 65 44 52
Working Capital Days 75 70 84 88 82 91 102 59 58 63 51 55
ROCE % 32% 31% 26% 27% 22% 24% 25% 24% 20% 16% 9% 11%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57
1.63 1.63 1.65 1.85 1.89 1.84 1.94 0.65 0.55 0.60 0.83 0.86
21.65 21.60 21.53 21.05 22.48 22.12 23.86 25.18 25.17 24.47 24.10 23.21
21.16 21.20 21.25 21.54 20.07 20.47 18.63 18.61 18.71 19.37 19.50 20.37

* 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.

Click on the line-items to see the names of individual entities.

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