Vesuvius India Ltd

Vesuvius India Ltd

₹ 3,847 -0.46%
06 Dec - close price
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 7,798 Cr.
  • Current Price 3,847
  • High / Low 3,971 / 1,500
  • Stock P/E 42.5
  • Book Value 530
  • Dividend Yield 0.21 %
  • ROCE 16.7 %
  • ROE 12.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.7%

Cons

  • Stock is trading at 7.25 times its book value
  • The company has delivered a poor sales growth of 8.06% over past five years.
  • Company has a low return on equity of 9.01% 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 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
212 234 249 272 268 259 312 330 353 348 368 405 413
194 209 225 244 240 239 278 289 303 309 313 335 331
Operating Profit 18 25 24 28 28 20 33 41 50 40 55 70 82
OPM % 8% 11% 9% 10% 10% 8% 11% 12% 14% 11% 15% 17% 20%
5 4 4 5 5 5 5 5 6 7 11 8 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 7 6 6 7 8 7 7 8 9 8 8 9
Profit before tax 16 22 22 26 26 18 32 39 49 37 58 70 81
Tax % 26% 27% 25% 26% 26% 26% 25% 25% 26% 26% 25% 25% 25%
12 16 16 19 19 13 24 29 36 28 43 52 60
EPS in Rs 6.03 8.00 7.95 9.55 9.56 6.47 11.64 14.50 17.78 13.62 21.36 25.74 29.70
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 TTM
543 564 602 652 700 822 911 925 887 792 1,047 1,343 1,535
446 466 489 552 574 670 745 777 766 714 947 1,178 1,288
Operating Profit 97 98 112 101 126 152 167 148 121 77 100 165 246
OPM % 18% 17% 19% 15% 18% 18% 18% 16% 14% 10% 10% 12% 16%
1 2 5 9 10 13 9 23 29 21 20 23 34
Interest 1 1 1 0 1 1 1 1 1 1 1 1 0
Depreciation 15 16 18 19 23 27 30 28 27 26 27 30 34
Profit before tax 83 83 99 90 112 136 145 142 123 72 92 157 246
Tax % 33% 33% 34% 34% 35% 35% 35% 35% 31% 26% 26% 26%
55 56 65 59 74 89 94 93 86 53 68 117 184
EPS in Rs 27.21 27.47 32.11 29.15 36.26 43.79 46.54 45.59 42.15 26.14 33.53 57.54 90.42
Dividend Payout % 16% 16% 15% 24% 17% 15% 15% 15% 21% 27% 24% 14%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 15%
TTM: 22%
Compounded Profit Growth
10 Years: 8%
5 Years: 4%
3 Years: 11%
TTM: 79%
Stock Price CAGR
10 Years: 24%
5 Years: 28%
3 Years: 58%
1 Year: 122%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 9%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 278 323 377 419 477 562 641 717 784 822 876 977 1,056
0 0 0 0 0 0 0 0 0 0 0 0 0
124 117 120 139 147 161 193 188 177 216 292 333 349
Total Liabilities 422 460 518 578 644 743 854 925 981 1,058 1,188 1,331 1,425
109 117 134 132 131 124 113 121 124 120 116 194 220
CWIP 30 22 5 20 14 16 38 26 28 21 27 38 31
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
283 321 379 426 499 603 703 779 829 917 1,045 1,098 1,175
Total Assets 422 460 518 578 644 743 854 925 981 1,058 1,188 1,331 1,425

Cash Flows

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
45 50 64 65 54 50 191 95 74 102 27 128
-39 -20 -53 -28 -21 21 2 -310 297 -503 -39 -6
-10 -10 -11 -14 -15 -15 -16 -17 -17 -14 -14 -16
Net Cash Flow -4 20 1 23 18 56 177 -231 354 -415 -26 106

Ratios

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
Debtor Days 100 108 108 105 118 119 88 72 77 75 57 57
Inventory Days 58 59 65 69 68 77 69 84 77 91 124 92
Days Payable 102 88 83 87 97 98 111 98 89 122 130 112
Cash Conversion Cycle 56 79 91 87 90 98 46 58 65 44 52 38
Working Capital Days 70 84 88 82 91 102 59 58 63 51 55 41
ROCE % 31% 26% 27% 22% 24% 25% 24% 20% 16% 9% 11% 17%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57%
1.85% 1.89% 1.84% 1.94% 0.65% 0.55% 0.60% 0.83% 0.86% 0.84% 0.77% 1.26%
21.05% 22.48% 22.12% 23.86% 25.18% 25.17% 24.47% 24.10% 23.21% 23.30% 23.20% 23.28%
21.54% 20.07% 20.47% 18.63% 18.61% 18.71% 19.37% 19.50% 20.37% 20.29% 20.46% 19.90%
No. of Shareholders 13,50313,52215,22414,48014,96614,97315,37216,49016,82616,97517,28720,531

* 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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