Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
Worth Seeing!
Top Stocks to Buy: Get 13 Picks That We Think Will Soar
Claim Your Stock Picks
Claim Your Stock Picks
BSE: 523160 | NSE: | Refractories | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Morganite Crucible (India) Ltd is a average quality company.
The key valuation ratios of Morganite Crucible (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Morganite Crucible (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.5% | 11.8% | 13.6% | 22.1% | 14.9% | 15.6% | 11.2% | -1.7% | 33.3% | 12.1% | - |
| Value Creation Index ⓘ | 0.1 | -0.2 | 0.0 | 0.6 | 0.1 | 0.1 | -0.2 | -1.1 | 1.4 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 80.6 | 88.7 | 88.7 | 111 | 109 | 120 | 129 | 107 | 152 | 155 | 162 |
| Sales YoY Gr. | - | 10.1% | -0% | 25.6% | -2% | 10.1% | 7% | -16.9% | 42.6% | 1.5% | - |
| Adj EPS ⓘ | 13.7 | 12.2 | 15.8 | 29.3 | 22.5 | 26.5 | 20.7 | -3.2 | 66.9 | 27 | 44.3 |
| YoY Gr. | - | -11.2% | 29.6% | 85.1% | -23.2% | 17.7% | -21.9% | -115.4% | NA | -59.7% | - |
| BVPS (₹) ⓘ | 99.3 | 109.2 | 124.4 | 142.3 | 162.4 | 177.1 | 192.5 | 182.9 | 218.9 | 226.7 | 256.5 |
| Adj Net Profit ⓘ | 7.7 | 6.8 | 8.9 | 16.4 | 12.6 | 14.8 | 11.6 | -1.8 | 37.5 | 15.1 | 25 |
| Cash Flow from Ops. ⓘ | 5.8 | 3.3 | 17.6 | 25.1 | 17.2 | 20.5 | 10.9 | 19.2 | 25.5 | 31.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.5% | 7.2% | 6.3% | 1.5% | ||||
| Adj EPS ⓘ | 7.8% | 3.7% | 9.2% | -59.7% | ||||
| BVPSⓘ | 9.6% | 6.9% | 5.6% | 3.6% | ||||
| Share Price | 24.6% | 12.6% | 20.6% | 50.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.9 | 11.7 | 13.5 | 22 | 14.8 | 15.6 | 11.2 | -1.7 | 33.3 | 12.1 | 18.3 |
| Op. Profit Mgn % ⓘ | 20.7 | 21.7 | 22.8 | 25.9 | 20.8 | 16.8 | 13.3 | 9.8 | 19.9 | 16.3 | 22.6 |
| Net Profit Mgn % ⓘ | 9.6 | 7.7 | 10 | 14.7 | 11.5 | 12.3 | 9 | -1.7 | 24.6 | 9.8 | 15.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 169 | 159 | 154 | 128 | 150 | 142 | 152 | 184 | 136 | 147 | 121 |
| Cash Conv. Cycle ⓘ | -11 | 17 | 43 | 39 | 42 | 35 | 47 | 58 | 39 | 44 | 83 |
Return on Equity has increased versus last 3 years average to 18.30%
Sales growth has been subdued in last 3 years 6.34%
Net Profit has been subdued in last 3 years 9.23%
Sales growth is not so good in last 4 quarters at 0.69%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 44.3 | 25.9 |
| TTM Sales (₹ Cr.) | 162 | 111 |
| BVPS (₹.) ⓘ | 256.5 | 0 |
| Reserves (₹ Cr.) ⓘ | 141 | 85 |
| P/BV ⓘ | 5.38 | 0.00 |
| PE ⓘ | 31.19 | 53.22 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 861.05 / 1784.55 |
| All Time Low / High (₹) | 3.50 / 1784.55 |
| Market Cap (₹ Cr.) | 773 |
| Equity (₹ Cr.) | 2.8 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 32.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 81 | 89 | 89 | 111 | 109 | 120 | 129 | 107 | 152 | 155 |
| Operating Expenses ⓘ | 64 | 71 | 68 | 83 | 87 | 100 | 111 | 96 | 123 | 129 |
| Manufacturing Costs | 11 | 13 | 12 | 15 | 16 | 19 | 28 | 19 | 24 | 25 |
| Material Costs | 33 | 32 | 29 | 37 | 36 | 47 | 50 | 45 | 61 | 69 |
| Employee Cost | 9 | 11 | 12 | 15 | 17 | 18 | 18 | 16 | 18 | 16 |
| Other Costs ⓘ | 10 | 15 | 16 | 16 | 17 | 15 | 16 | 16 | 19 | 19 |
| Operating Profit ⓘ | 17 | 18 | 20 | 29 | 23 | 20 | 17 | 11 | 30 | 25 |
| Operating Profit Margin (%) | 20.5% | 20.4% | 22.8% | 25.7% | 20.7% | 16.8% | 13.3% | 9.8% | 19.6% | 16.3% |
| Other Income ⓘ | 2 | 1 | 2 | 2 | 3 | 6 | 7 | 4 | 29 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 5 | 8 | 7 | 5 | 4 | 4 | 5 | 6 | 7 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 3 | 0 |
| Profit Before Tax ⓘ | 13 | 11 | 16 | 26 | 21 | 22 | 18 | 6 | 54 | 22 |
| Tax ⓘ | 5 | 5 | 6 | 10 | 8 | 6 | 5 | 7 | 11 | 6 |
| Profit After Tax | 8 | 6 | 10 | 17 | 14 | 15 | 13 | -1 | 43 | 16 |
| PAT Margin (%) | 10.5% | 6.8% | 11.1% | 14.9% | 12.7% | 12.8% | 10.2% | -0.9% | 28.5% | 10.4% |
| Adjusted EPS (₹) | 15.0 | 10.8 | 17.6 | 29.6 | 24.8 | 27.4 | 23.4 | -1.7 | 77.5 | 28.8 |
| Dividend Payout Ratio (%) | 3% | 5% | 11% | 14% | 32% | 29% | 34% | 0% | 70% | 69% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 56 | 61 | 70 | 80 | 91 | 99 | 108 | 102 | 123 | 127 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 53 | 58 | 67 | 77 | 88 | 96 | 105 | 100 | 120 | 124 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 21 | 10 | 9 | 13 | 18 | 21 | 20 | 22 | 26 | 28 |
| Others Liabilities ⓘ | 5 | 4 | 8 | 24 | 5 | 7 | 11 | 13 | 6 | 6 |
| Total Liabilities ⓘ | 82 | 75 | 87 | 117 | 114 | 127 | 139 | 138 | 154 | 160 |
Fixed Assets | ||||||||||
| Gross Block | 53 | 56 | 61 | 29 | 36 | 44 | 49 | 53 | 65 | 88 |
| Accumulated Depreciation | 30 | 38 | 45 | 5 | 9 | 13 | 17 | 23 | 27 | 35 |
| Net Fixed Assetsⓘ | 23 | 18 | 15 | 25 | 27 | 31 | 32 | 30 | 38 | 53 |
| CWIP ⓘ | 0 | 1 | 3 | 2 | 0 | 4 | 19 | 22 | 15 | 1 |
| Investmentsⓘ | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 14 | 12 | 12 | 16 | 18 | 21 | 22 | 18 | 23 | 23 |
| Trade Receivables | 13 | 12 | 14 | 18 | 17 | 17 | 23 | 22 | 31 | 27 |
Cash Equivalents  ⓘ
| 13 | 12 | 25 | 46 | 40 | 45 | 28 | 37 | 36 | 46 |
| Others Assetsⓘ | 13 | 15 | 12 | 10 | 11 | 10 | 15 | 9 | 11 | 9 |
| Total Assets ⓘ | 82 | 75 | 87 | 117 | 114 | 127 | 139 | 138 | 154 | 160 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 3 | 18 | 25 | 17 | 21 | 11 | 19 | 26 | 32 |
| PBT ⓘ | 13 | 11 | 16 | 26 | 21 | 22 | 18 | 6 | 54 | 22 |
| Adjustment ⓘ | 4 | 8 | 7 | 3 | 3 | 3 | 5 | 6 | -1 | 8 |
| Changes in Working Capital ⓘ | -7 | -9 | 1 | 5 | 2 | 3 | -8 | 12 | -15 | 10 |
| Tax Paid ⓘ | -5 | -6 | -6 | -10 | -9 | -8 | -5 | -4 | -13 | -8 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | -15 | -8 | -10 | -29 | 0 | -7 | -2 | -10 |
| Capex | -2 | -4 | -4 | -7 | -5 | -11 | -24 | -6 | -1 | -11 |
| Net Investments | 0 | 0 | -11 | -1 | 9 | -19 | 23 | -1 | -1 | 0 |
| Others ⓘ | 0 | 2 | 0 | 1 | -15 | 1 | 1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | -1 | -3 | -7 | -4 | -4 | -24 | -12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -1 | -2 | -7 | -4 | -4 | -24 | -12 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 4 | 2 | 2 | 16 | 4 | -15 | 7 | 7 | 0 | 10 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.33 | 10.31 | 15.1 | 22.22 | 16.27 | 16.17 | 12.67 | -0.89 | 38.57 | 12.92 |
| ROCE (%) | 26.87 | 18.51 | 23.88 | 35.3 | 25.26 | 23 | 17.79 | 5.55 | 48.43 | 17.89 |
| Asset Turnover Ratio | 1.06 | 1.17 | 1.14 | 1.15 | 0.95 | 1 | 0.97 | 0.78 | 1.05 | 0.99 |
| PAT to CFO Conversion(x) | 0.75 | 0.5 | 1.8 | 1.47 | 1.21 | 1.4 | 0.85 | N/A | 0.6 | 2 | Working Capital Days |
| Receivable Days | 60 | 51 | 53 | 51 | 59 | 52 | 57 | 77 | 64 | 69 |
| Inventory Days | 60 | 53 | 48 | 43 | 56 | 58 | 60 | 67 | 48 | 54 |
| Payable Days | 236 | 180 | 124 | 111 | 153 | 148 | 149 | 169 | 143 | 141 |
Morganite Crucible India was incorporated on January 13, 1986. It obtained a certificate of commencement of business from the Registrar of Companies, Bombay on May 21, 1986. The company has been promoted by Greaves Cotton & Company and Morganite Crucible, U.K.
Morganite Crucible (India) supplies crucibles. The company manufactures foundry products and equipments for temperature measurement, control of chemical composition and molten metal management. It produces furnaces for melting & holding metals and alloys. The company offer gas/oil furnaces, electric furnaces, dual energy furnaces, electric ladles and retrofit kits In terms of an agreement, Greaves Cotton & Company holds 24% and Morganite Crucible has 28% of the issued share capital of the company.
The company entered into a technical knows how agreement with Morganite Crucible, through which it was to provide engineering assistance and help to enable the company to fully absorb the exclusive technology. It also trained qualified personnel from the company at its works and was to provide information on the methods and techniques used by it in the manufacture of silicon carbide crucibles. Further, Morganite Crucible was to send its technologists to the company's plant for consultation as required. It would also give advice for setting up R & D unit in the company. The technical assistance provided by Morganite Crucible would be free of any royalty or fee. The company has its manufacturing unit at Aurangabad district of Maharashtra with installed capacities of 3,600 MT silicon carbide crucibles, 1,000 MT clay graphite crucibles and 400 MT accessories.
The registered office of the company is located at B-11, MIDC Industrial Area, Waluj, Aurangabad- 431136, Maharashtra.
Product of the company
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
