Associated Ceramics Ltd - Stock Valuation and Financial Performance

BSE: 531168 | NSE: | Refractories | Small Cap

Associated Ceramics Share Price

361.80 -19.00 -4.99%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Associated Ceramics

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Associated Ceramics stock performance -

mw4me loader
P/E Ratio (SA):
41.31
Market Cap:
74 Cr.
52-wk low:
16.4
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 Somewhat 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 - - - 2003.5%

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 2.51 -
PE 41.31 -
From the Market
52 Week Low / High (₹) 16.39 / 1408.15
All Time Low / High (₹) 13.50 / 1408.15
Market Cap (₹ Cr.) 74
Equity (₹ Cr.) 2
Face Value (₹) 10
Industry PE 32.9

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
Sales18.0716.6525.0719.5216.7427.3833.7931.2538.3755.80
Operating Expenses 17.5115.9122.9320.6817.1724.8329.8626.6532.2948.16
Manufacturing Costs3.704.073.394.014.882.957.035.209.9311.93
Material Costs11.149.3816.4612.948.9317.5017.0116.9015.9727.94
Employee Cost 1.321.251.281.411.731.982.632.733.904.59
Other Costs 1.351.211.802.321.642.403.191.822.493.70
Operating Profit 0.560.742.15-1.16-0.422.553.944.606.087.64
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 0.350.080.060.380.760.521.050.850.400.40
Interest 0.120.100.451.130.890.470.440.240.120.51
Depreciation 0.650.611.091.791.561.331.271.130.991.57
Exceptional Items 00.170.010.010.180.440.030.11-0.030.21
Profit Before Tax 0.140.280.68-3.69-1.931.703.314.205.346.17
Tax 0.060.061.62-0.530.08-0.180.05-0.341.161.59
Profit After Tax 0.080.23-0.94-3.16-21.883.264.544.184.58
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 18.5118.6217.6413.9211.9113.7917.0521.5825.7530.33
Share Capital 4.264.264.264.264.264.264.264.264.264.26
Reserves 14.2514.3613.389.667.659.5312.7917.3221.4926.07
Minority Interest0000000000
Debt13.0112.1211.8210.051.523.805.573.176.35
Long Term Debt003.502.942.7600000
Short Term Debt13.018.628.887.291.523.805.573.176.35
Trade Payables2.263.265.085.023.024.343.213.152.655.27
Others Liabilities 3.134.742.662.342.274.524.251.312.012.64
Total Liabilities 24.8929.6237.4933.1027.2624.1728.3031.6233.5844.59

Fixed Assets

Gross Block17.3613.4220.6523.1523.1823.5424.4025.2025.3341.17
Accumulated Depreciation11.927.938.8410.5012.0613.3914.6615.7914.3815.88
Net Fixed Assets5.445.4911.8112.6611.1210.149.749.4210.9525.29
CWIP 001.9300001.354.100
Investments 0.110.250.250.590.560.990.661.371.691.55
Inventories10.1315.5716.8211.168.107.9610.369.4410.7711.16
Trade Receivables5.403.344.086.525.692.804.787.873.083.88
Cash Equivalents 1.492.080.370.120.480.240.870.451.080.77
Others Assets2.312.892.232.061.302.041.891.721.911.94
Total Assets 24.8929.6237.4933.1027.2624.1728.3031.6233.5844.59

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.15-0.74-1.360.233.539.01-0.390.188.388.62
PBT 0.140.280.68-3.16-21.883.314.095.375.96
Adjustment 0.700.551.313.201.691.801.020.650.921.93
Changes in Working Capital 1.47-1.36-2.971.143.846.07-4.72-4.832.951.99
Tax Paid -0.17-0.21-0.39-0.940-0.740.010.28-0.86-1.26
Cash Flow From Investing Activity -0.20-0.68-9.180.85-0.01-0.29-0.85-2.15-5.33-11.78
Capex -0.19-0.60-9.240.58-0.03-0.35-0.86-2.16-5.28-11.81
Net Investments 0-0.1400000000
Others -0.010.060.060.270.020.060.020-0.050.03
Cash Flow From Financing Activity -1.4828.83-1.16-3.16-8.961.871.55-2.502.84
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 009.09-0.88-0.73-2.760000
Interest Paid 00-0.25-1.09-0.84-0.43-0.41-0.22-0.09-0.34
Dividend Paid 0000000000
Others -1.48200.81-1.59-5.772.281.77-2.413.18
Net Cash Flow 0.470.59-1.71-0.080.36-0.250.63-0.420.54-0.31
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)26.88-3.22N/AN/AN/A4.79-0.120.0421.88
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 19-Apr-2024 16:01 is ₹361.8.
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 19-Apr-2024 16:01 the market cap of Associated Ceramics stood at ₹73.98.
The latest P/E ratio of Associated Ceramics as of 19-Apr-2024 16:01 is 41.31.
The latest P/B ratio of Associated Ceramics as of 19-Apr-2024 16:01 is 2.51.
The 52-week high of Associated Ceramics is ₹1,408.2 and the 52-week low is ₹16.39.
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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