Vesuvius India Ltd
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]
- 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.
Peer comparison
Sector: Refractories Industry: Refractories / Intermediates
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Nov - Press Release being issued today by the Company. This Press Release should be read in conjunction with the announcement filed by the Company with the …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Nov
- Financial Results For The Quarter Ended On September 30, 2023 30 Oct
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Update On Cyber Security Incident 18 Oct
- Board Meeting Intimation for The Unaudited Financial Results Of The Company For The Quarter Ended On September 30, 2023. 16 Oct
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2023TranscriptPPT
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]