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Bell Ceramics Ltd Stock Analysis

Small Cap
Evaluated by 170 users | BSE: 515035 | NSE: BELLCERATL |
Ceramics/Marble/Granite/Sanitaryware
Bell Ceramics incorporated in 1985; is engaged in manufacturing of ceramic glazed tiles. Company manufacturing units have received ISO 9001:2000 and ISO 14001 certification for its quality management. Company has distribution network of 29 Depots, more than 1000 Dealers and over 4000 Retailer....

Analysis of Financial Track Record

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.
Value Creation
 Jun'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Dec'10
Return on Capital Employed 8.97%7.86%7.76%12.15%5.64%1.32%-7.36%6.64%0.71%0.45%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 119134127151159169162189153138
Y-o-Y Gr. Rt.-11.9%-5.2%19.2%5.1%6.5%-4.4%16.7%-18.8%-9.8%
Adjusted EPS (Rs.) 0.591.590.654.330.35-3.14-8.90.1-3.14-8.75
Y-o-Y Gr. Rt.-169.5%-59.1%566.2%-91.9%-997.1%NANA-3240%NA
Book Value per Share (Rs.) 10.9717.5317.1120.8621.1618.198.058.215.2519.98
Adjusted Net Profit 1.33.41.49.30.7-6.8-19.20.2-6.8-10.7
Net Op. Cash Flow (Rs. Cr.) 10.624.138.633.323.517.99.115.518.49.6
Debt to Cash Flow from Ops 9.584.862.242.713.965.1610.465.954.9812.83
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bell Ceramics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.6%-2.7%-5.1%-9.8%
Adjusted EPS -234.9%-290.4%NANA
Book Value per Share 6.9-1.135.4280.6
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Dec'10
Return on Equity (%) 2.815.182.7216.671.23-11.71-44.190.69-22.91-14.39
Operating Profit Margin (%) 21.1818.4321.8120.7514.79.262.1611.548.194.13
Net Profit Margin (%) 1.062.551.16.170.47-3.99-11.840.12-4.4-7.7
Debt to Equity 2.632.021.661.511.541.712.942.823.485.09
Working Capital Days 14816010810011511611494111149
Cash Conversion Cycle 74784121273430233048
Entity Percentage Holding
Promoters 68.97%
Institutions 0.34%
Non-Institutions 30.69%
Pledged *93.5093.5093.501.270.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Bell Ceramics incorporated in 1985; is engaged in manufacturing of ceramic glazed tiles. Company manufacturing units have received ISO 9001:2000 and ISO 14001 certification for its quality management.

Company has distribution network of 29 Depots, more than 1000 Dealers and over 4000 Retailer.

The company was awarded special export award by CAPEXIL for its export performance.

The company has clientele namely BSNL, Gujarat Flurochem, J.K.Tyres, Indian Oil Corporation, H.P.C.L, NTPC,

Bell Ceramics incorporated in 1985; is engaged in manufacturing of ceramic glazed tiles. Company manufacturing units have received ISO 9001:2000 and ISO 14001 certification for its quality management.

Company has distribution network of 29 Depots, more than 1000 Dealers and over 4000 Retailer.

The company was awarded special export award by CAPEXIL for its export performance.

The company has clientele namely BSNL, Gujarat Flurochem, J.K.Tyres, Indian Oil Corporation, H.P.C.L, NTPC, LIC, Siemens, Godrej Properties,  Hero Cycles, Reliance Industries, Ansal Properties & Industries are amongst others.

Manufacturing Units

Company’s manufacturing units is located at Vadodara (Gujarat) and Bangalore (Karnataka).

Vadodara plant- This plant started its production of floor tiles in 1998. This units started production of Monoprossa Fired Wall Tile in the same year. Later in 2005, this unit started production of Double Fired Wall Tile (254 mm x 330 mm). In the same year it started production of Edge-cut (397 mm x 397 mm) Floor Tiles.

This unit also has in house research and development centre engaged in creating new designs, textures, colours and sizes of Wall Tiles keeping with the market trends. The present capacity of plant is around 17,000 sqm per day. It has an installed production capacity of 63.87 lakh square meters per annum of wall and floor tiles.

Bangalore plant- This plant started production in the year 1998. This plant only manufactures floor tiles with product size of 300 x 300 mm and 400 x 400 mm.

The installed production capacity of 82.13 lakhs square meters per annum of floor tiles.

Outlook

Bell Ceramics recently sponsored a sports event as a part of its marketing strategy. The company is taking various marketing initiatives in order to increase its presence in India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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