Vesuvius India Ltd - Stock Valuation and Financial Performance

BSE: 520113 | NSE: VESUVIUS | Refractories | Small Cap

Vesuvius India Share Price

3,337 132.40 4.13%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Vesuvius India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Vesuvius India stock performance -

mw4me loader
P/E Ratio (SA):
30.54
Market Cap:
6,504.1 Cr.
52-wk low:
1,511
52-wk high:
3,955

Is Vesuvius India Ltd an attractive stock to invest in?

1. Is Vesuvius India Ltd a good quality company?

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

2. Is Vesuvius India Ltd undervalued or overvalued?

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

3. Is Vesuvius India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vesuvius India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vesuvius India:

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.
Vesuvius India 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

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
ROCE % 14.5%15.9%16.7%16%13.6%11.2%6.6%8%12.6%19.6%-
Value Creation
Index
0.00.10.20.10.0-0.2-0.5-0.4-0.10.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6527008229119258877921,0471,3431,6031,603
Sales YoY Gr.-7.3%17.4%10.9%1.5%-4.1%-10.8%32.3%28.2%19.4%-
Adj EPS 29.736.644.248.846.742.426.733.858.6105.2104.9
YoY Gr.-23.2%21%10.3%-4.3%-9.2%-37.2%26.9%73.4%79.5%-
BVPS (₹) 216.4244.8286.6325.6363.4396.3414.7441.5491.5588588.1
Adj Net
Profit
60.274.289.899.194.886.154.168.6119214213
Cash Flow from Ops. 64.55450.219194.674.310226.712882.4-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.5%11.6%26.5%19.4%
Adj EPS 15.1%17.6%58.1%79.5%
BVPS11.7%10.1%12.3%19.6%
Share Price 21.5% 23.6% 53.1% 107.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Return on
Equity %
14.415.916.715.913.611.26.67.912.619.517.8
Op. Profit
Mgn %
15.618.118.618.516.413.89.99.712.518.118
Net Profit
Mgn %
9.210.610.910.910.39.76.86.68.913.313.3
Debt to
Equity
00000000000
Working Cap
Days
247239263288306337390231212277122
Cash Conv.
Cycle
7271746254585842323885

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.80%

Sales growth is growing at healthy rate in last 3 years 26.52%

Net Profit is growing at healthy rate in last 3 years 58.05%

Sales growth is good in last 4 quarters at 19.20%

No data to display

Latest Financials - Vesuvius India Ltd.

Standalone Consolidated
TTM EPS (₹) 104.9 -
TTM Sales (₹ Cr.) 1,603 -
BVPS (₹.) 588.1 -
Reserves (₹ Cr.) 1,173 -
P/BV 5.45 -
PE 30.54 -
From the Market
52 Week Low / High (₹) 1511.00 / 3955.00
All Time Low / High (₹) 30.05 / 3955.00
Market Cap (₹ Cr.) 6,504
Equity (₹ Cr.) 20.3
Face Value (₹) 10
Industry PE 29.7

Management X-Ray of Vesuvius India:

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 Vesuvius India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Sales6527008229119258877921,0471,3431,603
Operating Expenses 5535766717497807687169491,1811,317
Manufacturing Costs103108131148139138130178193229
Material Costs377388449501535511469628805893
Employee Cost 434654565866657990108
Other Costs 29343844475352649387
Operating Profit 1001231501621451197599161286
Operating Profit Margin (%) 15.3%17.6%18.3%17.8%15.7%13.4%9.5%9.4%12.0%17.9%
Other Income 10131418263223212637
Interest 1111111112
Depreciation 19232730282726273036
Exceptional Items 000-4000000
Profit Before Tax 901121361451421237292157285
Tax 31394750503819244072
Profit After Tax 5974899493865368117213
PAT Margin (%) 9.1%10.5%10.8%10.4%10.0%9.6%6.7%6.5%8.7%13.3%
Adjusted EPS (₹)29.236.343.846.545.642.126.133.557.5104.9
Dividend Payout Ratio (%)24%17%15%15%15%21%27%24%14%12%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 4394975826617388048428969981,194
Share Capital 20202020202020202020
Reserves 4194775626417177848228769771,173
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables90103120153143124157223246288
Others Liabilities 23026038443548653155253640732
Total Liabilities 7598601,0871,2491,3671,4601,5511,1721,8842,214

Fixed Assets

Gross Block275296152170188218236256355511
Accumulated Depreciation14216527576794117141161195
Net Fixed Assets132131124113121124120116194316
CWIP 20141638262821273886
Investments 0000000000
Inventories72739495123108117213204256
Trade Receivables187227268220181188163164209323
Cash Equivalents 143173199346419468559554568465
Others Assets20624238543749654457198670768
Total Assets 7598601,0871,2491,3671,4601,5511,1721,8842,214

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Cash Flow From Operating Activity 65545019195741022712882
PBT 901121361451421237292157285
Adjustment 1215161869712165
Changes in Working Capital -4-33-5085-1-1944-495-140
Tax Paid -34-40-52-57-52-39-20-27-50-68
Cash Flow From Investing Activity -28-21212-310297-503-39-6-37
Capex -22-18-21-40-24-31-15-32-113-200
Net Investments -14-123030-305305-506-2192131
Others 891211202318141532
Cash Flow From Financing Activity -14-15-15-16-17-17-14-14-16-18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -12-12-13-13-14-14-14-14-16-17
Others -2-2-3-3-3-30000
Net Cash Flow 231856177-231354-415-2610628
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Ratios
ROE (%)14.1515.7216.4815.213.2311.096.447.8312.3319.43
ROCE (%)21.6224.1125.3423.4220.4716.098.7710.6516.6626.25
Asset Turnover Ratio0.950.950.920.810.710.630.530.770.880.78
PAT to CFO Conversion(x)1.10.730.562.031.020.861.920.41.090.38
Working Capital Days
Receivable Days949810194797681575161
Inventory Days33343436434752585752
Payable Days80919110010196110111106109

Vesuvius India Ltd Stock News

Vesuvius India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vesuvius India on 28-Mar-2024 16:01 is ₹3,337.
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 Vesuvius India stood at ₹6,504.1.
The latest P/E ratio of Vesuvius India as of 28-Mar-2024 16:01 is 30.54.
The latest P/B ratio of Vesuvius India as of 28-Mar-2024 16:01 is 5.45.
The 52-week high of Vesuvius India is ₹3,955 and the 52-week low is ₹1,511.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vesuvius India is ₹1,603 ( Cr.) .

About Vesuvius India Ltd

Vesuvius, established in 1916 as Vesuvius Crucible, is a world leader in the design, engineering, manufacture and delivery of refractory products, systems and services for high-technology industrial applications.

Vesuvius was the originator of the technologies and processes it continues to deploy today. The depth and breadth of expertise acquired over the years by our engineers, in ceramics, metallurgy and metal coating, enables them to interact as peers with their customers on all continents to define value-creating solutions, monitor their implementation and ensure their reliability over time. These solutions incorporate products developed by R&D engineers in 7 Vesuvius Research Centres worldwide.

With the integration of Foseco in April 2008, Vesuvius is now present in 30 countries on 5 continents, with 80 manufacturing units, 7 R&D centres and numerous sales agencies, together employing over 12,000 people.

Foseco has been associated with the metals Industry for over 75 years and today is acknowledged as a world leader in the supply of consumable products for use in the foundry industry with a presence in 32 countries and major facilities in Germany, USA, UK, Brazil, China, India, South Korea and Japan.

The company was founded by Eric Weiss in 1932 and quickly became established as a supplier to the Foundry Industry, from where the name FOundry SErvice COmpany was derived. In April 2008, Foseco was acquired by Cookson Group plc and is now part of Vesuvius.

Different divisions of the company:

Iron & Steel Division VESUVIUS' STEEL DIVISION provides customers with a full range of products and systems for the continuous casting of steel.

VESUVIUS' product range includes:

  • Isostatically-pressed alumina graphite consumable products
  • Slide gate systems and refractories
  • Continuous temperature measurement instruments
  • Process automation
  • Lining materials
  • Pre-cast insulating materials.

FOUNDRY

VESUVIUS' Foundry Division supplies ferrous and non-ferrous foundries as well as investment casting, with a wide range of refractories. Key products include monolithic and brick linings for furnaces, flow control products, crucibles used to melt and transfer molten metals, temperature measurement systems, dosing accessories, degassing products and ceramic filters which reduce flaws and control turbulent flow during mould filling.

GLASS

VESUVIUS supplies a wide range of special refractories for the Glass industry. Key products supplied by VESUVIUS to the glass industry include refractories used in both glass production and glass transformation installations.

SOLAR

A key component for the mass production of multi crystal Solar Grade Silicon ingots is the availability of large ceramic crucibles in which ingots are manufactured.

Almost two decades ago, VESUVIUS has developed a unique process to produce these complex ceramic parts on a commercial scale.

MINERAL PROCESSING

VESUVIUS has a long experience of the supply of refractories to all areas of the cement production process, and to other rotary kiln based minerals processing applications.

HPI & POWER

Vesuvius is a World Class supplier to the Hydrocarbon Processing and Power Generation Markets. Our Superior Abrasion and Erosion Resistant Castables, Plastic Refractories, Brick and Gun mixes are used extensively in all process units in these industries. We also possess a full service Engineering and R&D department to stay on the cutting edge of technology and offer state of the art refractory products.

Milestones:

  • 1916- Vesuvius Crucible Company founded to manufacture clay graphite crucibles
  • 1960-  Worldwide expansion and development of isostatic pressing technology and alumina graphite isostatically pressed products
  • 1986- COOKSON GROUP acquires VESUVIUS
  • 1988- Acquisition of ACCUMETRIX CORP. (USA)
  • 1989- Acquisition of STEEL SERVICE MALMÖ (Scandinavia), McDANEL REFRACTORY CO. (USA), FLO-CONTROL SYSTEMS (USA) and LAVA CRUCIBLE (USA)
  • 1991- Acquisition of METACON (Switzerland), NEOMELT (a division of Ferro Corp. USA), TYLER (USA), MONTERREY (Mexico)
  • 1993- Acquisition of LECO (USA) Joint venture (50%) with KAWASAKI REFRACTORIES (Japan)
  • 1995- Acquisition of HI-TECH CERAMICS (USA)
  • 1997- Acquisition of MONOFRAX (USA), ZEDMARK REFRATTARI (Italy), CROW (Australia)
  • 1998- Acquisition of HINCKLEY GROUP (Flogates & KSR, UK), IIE (Belgium), FLO-CONTROL ITALIANA (Italy), BECKER & PISCANTOR (Germany)
  • 1999- Acquisition of VGT DYKO (Germany) and PREMIER REFRACTORIES INTERNATIONAL
  • 2000- Acquisition of SKAWINA REFRACTORIES (Poland) Acquisition of monolithics plant at VISAKHAPATNAM (India)Joint venture with PREMIER HERNIC REFRACTORIES (South Africa)
  • 2002- Acquisition of SIR (Germany), the remaining shares of PREMIER HERNIC REFRACTORIES (South Africa) and AG REFRACTORY SERVICES (Australia)
  • 2003- Acquisition of BLUE DIAMANT CY (Mehsana, India), our first Foundry plant in Asia Pacific Opening of a new mix plant in China: VESUVIUS ADVANCED CERAMICS Co, Ltd (China)
  • Building of a new glass tempering rolls plant VESUVIUS ZYAROCK CERAMIC (Suzhou) Co.,Ltd. (China)
  • Set up of a new fused silica crucibles plant (used for the production of photovoltaic solar cells), VESUVIUS SOLAR CRUCIBLES, s.r.o. (Czech Republic)
  • 2004- Acquisition of SIDE DAMS (Italy) Creation of sales offices: VESUVIUS Co. Ltd (Thailand) and VESUVIUS CORPORATION S.A., TAIWAN BRANCH (Taiwan)
  • Extension to the existing Kua Tang manufacturing plant VESUVIUS ZYAROCK CERAMIC (Suzhou) Co., Ltd., (China)
  • Take over of the monolithics business of BULLI REFRACTORIES (Australia)
  • Divestment of VGT DYKO (Germany) and PREMIER BELGIUM (Belgium)
  • 2005- Joint venture with WUGANG-VESUVIUS ADVANCED CERAMICS Co, Ltd. (China) increasing to 50%Disposals of non-core technical ceramics business (Mc Danels US)
  • 2006- Divestment of Ceramics fibres and Carbon Blocks business (UK)
  •  2007- Disposals of MONOFRAX fust-cast refractories and Snowshoe (Indiana) refractory brick business (USA)
  • 2010 - New Mix Plant at Kolkata factory.
  • 2012 - Doubled capacity to manufacture shaped refractory at Kolkata factory.
  • 2013 - New taphole clay facility replaced old facility at Visakhapatnam factory.

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