Associated Ceramics Ltd - Stock Valuation and Financial Performance

BSE: 531168 | NSE: | Refractories | Small Cap

Associated Ceramics Share Price

704.30 -37.05 -5.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Associated Ceramics

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Associated Ceramics stock performance -

mw4me loader
P/E Ratio (SA):
84.64
Market Cap:
151.6 Cr.
52-wk low:
14.9
52-wk high:
1,408.2

Is Associated Ceramics Ltd an attractive stock to invest in?

1. Is Associated Ceramics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Associated Ceramics Ltd is a average quality company.

2. Is Associated Ceramics Ltd undervalued or overvalued?

The key valuation ratios of Associated Ceramics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Associated Ceramics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Associated Ceramics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Associated Ceramics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Associated Ceramics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.9%0.7%-2.5%-8.5%-6.4%10.6%20.8%19.2%15.2%14.7%-
Value Creation
Index
-0.9-1.0-1.2-1.6-1.5-0.20.50.40.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18.116.725.119.516.727.433.831.338.455.849
Sales YoY Gr.--7.9%50.6%-22.1%-14.2%63.6%23.4%-7.5%22.8%45.4%-
Adj EPS 0.40.3-3.2-10.6-7.25.511.514.820.421.88.8
YoY Gr.--15.4%-1060.6%NANANA108.9%28.9%38.3%6.8%-
BVPS (₹) 71.47267.852.343.551.76685.8115.1137.5144.1
Adj Net
Profit
0.10.1-1-3.2-2.21.73.54.44.24.52
Cash Flow from Ops. 2.2-0.7-1.40.23.59-0.40.28.48.6-
Debt/CF from Ops. 0.5-4.1-8.952.72.90.2-9.730.20.40.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.4%27.2%18.2%45.4%
Adj EPS 56.4%NA23.9%6.8%
BVPS7.6%25.9%27.7%19.4%
Share Price - - - 4870.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.50.4-5.3-20.2-16.712.822.42317.715.96.2
Op. Profit
Mgn %
3.24.48.6-6-2.59.712.614.715.813.914.3
Net Profit
Mgn %
0.50.5-3.8-16.3-12.9610.214.210.983.6
Debt to
Equity
0.10.20.70.90.80.10.20.30.10.2-
Working Cap
Days
36938829536537018616121116510767
Cash Conv.
Cycle
233285196224253109941451186415

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.20%

Net Profit is growing at healthy rate in last 3 years 23.91%

Sales growth is good in last 4 quarters at 15.67%

Return on Equity has declined versus last 3 years average to 6.20%

Latest Financials - Associated Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 8.8 -
TTM Sales (₹ Cr.) 49.2 -
BVPS (₹.) 144.1 -
Reserves (₹ Cr.) 27 -
P/BV 5.15 -
PE 84.64 -
From the Market
52 Week Low / High (₹) 14.87 / 1408.15
All Time Low / High (₹) 13.50 / 1408.15
Market Cap (₹ Cr.) 152
Equity (₹ Cr.) 2
Face Value (₹) 10
Industry PE 29.7

Management X-Ray of Associated Ceramics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Associated Ceramics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales18172520172734313856
Operating Expenses 18162321172530273248
Manufacturing Costs443453751012
Material Costs119161391717171628
Employee Cost 1111223345
Other Costs 1122223224
Operating Profit 112-1034568
Operating Profit Margin (%) 3.1%4.4%8.6%-6.0%-2.5%9.3%11.7%14.7%15.8%13.7%
Other Income 0000111100
Interest 0001100001
Depreciation 1112211112
Exceptional Items 0000000000
Profit Before Tax 001-4-223456
Tax 002-1000012
Profit After Tax 00-1-3-223545
PAT Margin (%) 0.5%1.4%-3.8%-16.2%-12.0%6.9%9.6%14.5%10.9%8.2%
Adjusted EPS (₹)0.41.0-4.1-13.9-8.88.214.319.920.522.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 19191814121417222630
Share Capital 4444444444
Reserves 1414131081013172126
Minority Interest0000000000
Debt1312121024636
Long Term Debt0033300000
Short Term Debt1399724636
Trade Payables2355343335
Others Liabilities 3532254123
Total Liabilities 25303733272428323445

Fixed Assets

Gross Block17132123232424252541
Accumulated Depreciation128910121315161416
Net Fixed Assets55121311101091125
CWIP 0020000140
Investments 0001111122
Inventories10161711881091111
Trade Receivables5347635834
Cash Equivalents 1200001011
Others Assets2322122222
Total Assets 25303733272428323445

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2-1-10490089
PBT 001-3-223456
Adjustment 1113221112
Changes in Working Capital 1-1-3146-5-532
Tax Paid 000-10-100-1-1
Cash Flow From Investing Activity 0-1-9100-1-2-5-12
Capex 0-1-9100-1-2-5-12
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -129-1-3-922-33
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 009-1-1-30000
Interest Paid 000-1-100000
Dividend Paid 0000000000
Others -1201-2-622-23
Net Cash Flow 01-20001010
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.521.4-5.91-23.06-18.3217.2724.2126.1819.417.72
ROCE (%)1.31.874.42-9.18-4.3211.6820.7518.4919.4820.36
Asset Turnover Ratio0.730.680.830.610.571.061.291.041.181.43
PAT to CFO Conversion(x)INF-INFN/AN/AN/A4.50021.8
Working Capital Days
Receivable Days968649901305741745223
Inventory Days233252213238205107991169672
Payable Days133107921421647781696652

Associated Ceramics Ltd Stock News

Associated Ceramics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Associated Ceramics on 28-Mar-2024 16:01 is ₹704.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Associated Ceramics stood at ₹151.6.
The latest P/E ratio of Associated Ceramics as of 28-Mar-2024 16:01 is 84.64.
The latest P/B ratio of Associated Ceramics as of 28-Mar-2024 16:01 is 5.15.
The 52-week high of Associated Ceramics is ₹1,408.2 and the 52-week low is ₹14.87.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Associated Ceramics is ₹49.21 ( Cr.) .

About Associated Ceramics Ltd

Associated Ceramics was established on October 28, 1970. The company’s products operate unseen in a broad spectrum of industry everyday. The company’s customer base, which includes glass, steel, cement, aluminum, as well as graphite electrode manufacturers, is just as wide and varied as its products.

Its custom designed refractory products are of uniformly superior calibre and are supplied to industries, which test its endurance ever escalating intensity.

The head office of the company is situated at 17, Ganesh Chandra Avenue, Kolkata, West Bengal 700013.

Product range of the company

  • Fireclay refractories
  • Special purpose refractories
  • High alumina refractories
  • Insulation refractories
  • Basic refractories
  • Mortar materials and monolithic refractories
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