Vesuvius India Ltd

Vesuvius India Ltd

₹ 3,474 2.51%
18 Apr - 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 7,051 Cr.
  • Current Price 3,474
  • High / Low 3,971 / 1,613
  • Stock P/E 33.1
  • Book Value 588
  • Dividend Yield 0.37 %
  • ROCE 26.1 %
  • ROE 19.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 18.2% CAGR over last 5 years

Cons

  • Company has a low return on equity of 13.7% 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

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
234 249 272 268 259 312 330 353 348 368 405 413 417
209 225 244 240 239 278 289 303 309 313 335 331 337
Operating Profit 25 24 28 28 20 33 41 50 40 55 70 82 80
OPM % 11% 9% 10% 10% 8% 11% 12% 14% 11% 15% 17% 20% 19%
4 4 5 5 5 5 5 6 7 11 8 8 7
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 7 6 6 7 8 7 7 8 9 8 8 9 11
Profit before tax 22 22 26 26 18 32 39 49 37 58 70 81 76
Tax % 27% 25% 26% 26% 26% 25% 25% 26% 26% 25% 25% 25% 25%
16 16 19 19 13 24 29 36 28 43 52 60 57
EPS in Rs 8.00 7.95 9.55 9.56 6.47 11.64 14.50 17.78 13.62 21.36 25.74 29.70 28.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
564 602 652 700 822 911 925 887 792 1,047 1,343 1,603
466 489 552 574 670 745 777 766 714 947 1,178 1,314
Operating Profit 98 112 101 126 152 167 148 121 77 100 165 289
OPM % 17% 19% 15% 18% 18% 18% 16% 14% 10% 10% 12% 18%
2 5 9 10 13 9 23 29 21 20 23 35
Interest 1 1 0 1 1 1 1 1 1 1 1 2
Depreciation 16 18 19 23 27 30 28 27 26 27 30 36
Profit before tax 83 99 90 112 136 145 142 123 72 92 157 285
Tax % 33% 34% 34% 35% 35% 35% 35% 31% 26% 26% 26% 25%
56 65 59 74 89 94 93 86 53 68 117 213
EPS in Rs 27.47 32.11 29.15 36.26 43.79 46.54 45.59 42.15 26.14 33.53 57.54 104.92
Dividend Payout % 16% 15% 24% 17% 15% 15% 15% 21% 27% 24% 14% 12%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 27%
TTM: 19%
Compounded Profit Growth
10 Years: 12%
5 Years: 18%
3 Years: 59%
TTM: 82%
Stock Price CAGR
10 Years: 21%
5 Years: 24%
3 Years: 50%
1 Year: 106%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 14%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 323 377 419 477 562 641 717 784 822 876 977 1,173
0 0 0 0 0 0 0 0 0 0 0 13
117 120 139 147 161 193 188 177 216 292 333 382
Total Liabilities 460 518 578 644 743 854 925 981 1,058 1,188 1,331 1,589
117 134 132 131 124 113 121 124 120 116 194 316
CWIP 22 5 20 14 16 38 26 28 21 27 38 86
Investments 0 0 0 0 0 0 0 0 0 0 0 0
321 379 426 499 603 703 779 829 917 1,045 1,098 1,187
Total Assets 460 518 578 644 743 854 925 981 1,058 1,188 1,331 1,589

Cash Flows

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
50 64 65 54 50 191 95 74 102 27 128 82
-20 -53 -28 -21 21 2 -310 297 -503 -39 -6 -37
-10 -11 -14 -15 -15 -16 -17 -17 -14 -14 -16 -18
Net Cash Flow 20 1 23 18 56 177 -231 354 -415 -26 106 28

Ratios

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 108 108 105 118 119 88 72 77 75 57 57 74
Inventory Days 59 65 69 68 77 69 84 77 91 124 92 105
Days Payable 88 83 87 97 98 111 98 89 122 130 112 118
Cash Conversion Cycle 79 91 87 90 98 46 58 65 44 52 38 60
Working Capital Days 84 88 82 91 102 59 58 63 51 55 41 65
ROCE % 26% 27% 22% 24% 25% 24% 20% 16% 9% 11% 17% 26%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57% 55.57%
1.84% 1.94% 0.65% 0.55% 0.60% 0.83% 0.86% 0.84% 0.77% 1.26% 1.73% 1.57%
22.12% 23.86% 25.18% 25.17% 24.47% 24.10% 23.21% 23.30% 23.20% 23.28% 23.26% 23.06%
20.47% 18.63% 18.61% 18.71% 19.37% 19.50% 20.37% 20.29% 20.46% 19.90% 19.43% 19.81%
No. of Shareholders 15,22414,48014,96614,97315,37216,49016,82616,97517,28720,53121,47422,517

* 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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