Bell Ceramics Ltd - Stock Valuation and Financial Performance

Name: Bell Ceramics
Brand: Bell Ceramics

BSE: 515035 | NSE: BELLCERATL | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Place order

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Bell Ceramics

Based on:

Data

M-Cap below 100cr DeciZen not available

Bell Ceramics stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

22.18

Market Cap:

15.2 Cr.

52-wk low:

11.5

52-wk high:

12.5

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Bell Ceramics:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Jun'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Dec'10	TTM
ROCE % ⓘ	9%	7.9%	7.8%	12.2%	5.6%	1.3%	-7.4%	6.6%	0.7%	0.5%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	119	134	127	151	159	169	162	189	153	138	173
Sales YoY Gr.	-	11.9%	-5.2%	19.2%	5.1%	6.5%	-4.4%	16.7%	-18.8%	-9.8%	-
Adj EPS ⓘ	0.6	1.6	0.7	4.3	0.4	-3.1	-8.9	0.1	-3.1	-8.8	0.6
YoY Gr.	-	169.5%	-59.1%	566.2%	-91.9%	-997.1%	NA	NA	-3240%	NA	-
BVPS (₹) ⓘ	11	17.5	17.1	20.9	21.2	18.2	8.1	8.2	5.3	20	14.8
Adj Net Profit ⓘ	1.3	3.4	1.4	9.3	0.7	-6.8	-19.2	0.2	-6.8	-10.7	1
Cash Flow from Ops. ⓘ	10.6	24.1	38.6	33.3	23.5	17.9	9.1	15.5	18.4	9.6	-
Debt/CF from Ops. ⓘ	9.6	4.9	2.2	2.7	4	5.2	10.5	6	5	12.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.6%	-2.7%	-5.1%	-9.8%
Adj EPS ⓘ	-234.9%	-290.4%	NA	NA
BVPSⓘ	6.9%	-1.1%	35.4%	280.6%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Jun'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Dec'10	TTM
Return on Equity % ⓘ	2.8	5.2	2.7	16.7	1.2	-11.7	-44.2	0.7	-22.9	-14.4	3.2
Op. Profit Mgn % ⓘ	21.2	18.4	21.8	20.8	14.7	9.3	2.2	11.5	8.2	4.1	11.3
Net Profit Mgn % ⓘ	1.1	2.6	1.1	6.2	0.5	-4	-11.8	0.1	-4.4	-7.7	0.4
Debt to Equity ⓘ	2.6	2	1.7	1.5	1.5	1.7	2.9	2.8	3.5	5.1	1.1
Working Cap Days ⓘ	148	160	108	100	115	116	114	94	111	149	55
Cash Conv. Cycle ⓘ	74	78	41	21	27	34	30	23	30	48	13

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Bell Ceramics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.6	-
TTM Sales (₹ Cr.)	173	-
BVPS (₹.) ⓘ	14.8	-
Reserves (₹ Cr.) ⓘ	6	-
P/BV ⓘ	0.84	-
PE ⓘ	22.18	-

From the Market
52 Week Low / High (₹)	11.51 / 12.51
All Time Low / High (₹)	2.00 / 150.00
Market Cap (₹ Cr.)	15.2
Equity (₹ Cr.)	12.2
Face Value (₹)	10
Industry PE ⓘ	9.5

Management X-Ray of Bell Ceramics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

93.50

1.27

0.00

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

Valuation of Bell Ceramics

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Bell Ceramics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Dec'10
Sales	119.46	100.27	126.76	151.12	158.86	169.23	161.84	188.81	153.30	103.70
Operating Expenses ⓘ	94.62	82.39	99.15	119.93	135.61	153.89	158.51	167.11	140.75	99.44
Manufacturing Costs	18.29	16.65	29.36	40.47	49.28	51	52.95	68.59	50.61	37.73
Material Costs	28.51	23.13	34.73	44.38	46.96	58.84	64.49	53.13	51.56	31.62
Employee Cost	9.33	6.98	10.20	11.26	11.96	14.43	15.12	15.73	15.35	12.35
Other Costs ⓘ	38.50	35.63	24.85	23.81	27.41	29.61	25.95	29.65	23.22	17.73
Operating Profit ⓘ	24.84	17.88	27.61	31.19	23.25	15.34	3.33	21.70	12.55	4.25
Operating Profit Margin (%)	20.8%	17.8%	21.8%	20.6%	14.6%	9.1%	2.1%	11.5%	8.2%	4.1%
Other Income ⓘ	2.86	1.71	1	0.80	1.49	1.90	2.34	1.85	2.10	5.90
Interest ⓘ	17.21	12.50	13.34	11.72	11.21	12.50	12.95	11.63	10.88	12.36
Depreciation ⓘ	7.81	6.12	9.21	10.59	10.73	11.28	11.33	11.19	11.15	8.38
Exceptional Items ⓘ	0	0	0	-0.99	0.51	0	-4.11	0	0	0
Profit Before Tax ⓘ	2.67	0.97	6.07	8.70	3.30	-6.53	-22.73	0.73	-7.38	-10.58
Tax ⓘ	1.66	-1.31	4.64	-0.61	2.18	0.14	-0.90	0.39	-1	-2.63
Profit After Tax	1.01	2.28	1.43	9.31	1.11	-6.68	-21.82	0.33	-6.37	-7.95
PAT Margin (%)	0.8%	2.3%	1.1%	6.2%	0.7%	-3.9%	-13.5%	0.2%	-4.2%	-7.7%
Adjusted EPS (₹)	0.5	1.1	0.7	3.8	0.5	-3.1	-10.1	0.2	-3.0	-6.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Dec'10
Equity and Liabilities
Shareholders Fund	48.25	50.53	51.96	59.93	61.05	54.37	32.33	32.66	26.29	84.72
Share Capital ⓘ	36.52	36.52	36.52	36.52	36.52	36.52	36.52	36.52	36.52	12.17
Reserves ⓘ	11.73	14.01	15.44	23.41	24.53	17.85	-4.19	-3.86	-10.23	72.55
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	101.49	87.66	86.26	90.37	93.30	92.57	95.05	92.10	91.42	92.75
Long Term Debt	101.49	87.66	86.26	90.37	93.30	92.57	95.05	92.10	91.42	92.75
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	12.72	12.43	14.67	27.94	31.52	34.37	30.18	31.05	26.06	25.75
Others Liabilities ⓘ	15.67	10.83	16.03	17.61	20.12	19.54	18.88	17.39	11.10	10.11
Total Liabilities ⓘ	178.14	161.45	168.91	195.85	205.98	200.84	176.44	173.20	154.87	213.33
Fixed Assets
Gross Block	162.81	164.49	194.31	215.89	231.27	235.31	235.36	239	239.31	305.91
Accumulated Depreciation	54.93	59.11	69.28	78.42	88.15	97.86	109.03	120.11	131.24	139.60
Net Fixed Assetsⓘ	107.87	105.38	125.03	137.47	143.12	137.44	126.34	118.89	108.07	166.31
CWIP ⓘ	0.54	0.84	0.56	2.73	0.57	0.05	0.12	0.01	0	0
Investmentsⓘ	4.17	4.17	4.15	4.15	4.15	4.12	0	0	0	0
Inventories	27.35	26.05	25.11	31.54	40.84	43.05	30.77	37.20	29.84	32.18
Trade Receivables	19.55	11.20	6.30	6.77	9.11	9.83	11.97	12.26	12.48	10.13
Cash Equivalents	0.91	0.58	0.50	0.88	0.38	0.40	0.49	0.40	0.47	0.63
Others Assetsⓘ	17.75	13.23	7.26	12.30	7.82	5.96	6.75	4.43	4	4.08
Total Assets ⓘ	178.14	161.45	168.91	195.85	205.98	200.84	176.44	173.20	154.87	213.33

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Dec'10
Cash Flow From Operating Activity ⓘ	10.59	18.04	38.58	33.32	23.54	17.94	9.09	15.49	18.37	7.23
PBT ⓘ	21.30	15.57	6.07	8.70	3.30	-6.53	-22.73	0.73	-7.38	-10.58
Adjustment ⓘ	9.85	7.30	28.62	24.81	21.21	23.59	27.82	24.16	22.72	16.42
Changes in Working Capital ⓘ	-1.93	7.93	4.07	1.3	-1.51	0.88	7.41	-9.02	3.33	1.22
Tax Paid ⓘ	0	0	0	-0.58	-0.08	-0.95	-0.64	-0.25	-0.28	0.02
Cash Flow From Investing Activity ⓘ	-6.42	-4.54	-23.89	-24.67	-15.29	-4.82	-1.89	-3.20	-0.17	-0.13
Capex	-3.95	-5.72	-24.18	-22.52	-16.77	-5.56	-1.80	-3.33	-0.21	-0.15
Net Investments	0	0	0	0	0	0.15	0.03	0	0	0
Others ⓘ	-2.47	1.18	0.29	-2.15	1.48	0.60	-0.11	0.12	0.04	0.02
Cash Flow From Financing Activityⓘ	-4.57	-13.62	-12.69	-10.46	-13.34	-11.15	-11.10	-10.35	-14.91	-7.71
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	1.55	0.06	-3.53	1.40	-3.29	0.55	1.75	-3.73	-3.68	-5.22
Interest Paid ⓘ	0	0	-13.37	-12.39	-10.36	-12.36	-12.60	-9.42	-13.37	-9.28
Dividend Paid ⓘ	0	0	0	0	-1.18	0	0	0	0	0
Others ⓘ	-6.13	-13.68	4.22	0.52	1.49	0.65	-0.25	2.80	2.14	6.79
Net Cash Flow ⓘ	-0.40	-0.12	2.01	-1.80	-5.09	1.97	-3.89	1.94	3.29	-0.61

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Jun'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Dec'10
Ratios
ROE (%)	4.88	8.79	4.39	22.79	2.46	-15.77	-77.3	1.9	-44.03	-53.83
ROCE (%)	14.29	9.94	14.43	14.17	9.54	3.97	-7.13	9.8	2.89	1.56
Asset Turnover Ratio	0.75	0.66	0.84	0.89	0.85	0.89	0.92	1.15	1	0.62
PAT to CFO Conversion(x)	10.49	7.91	26.98	3.58	21.21	N/A	N/A	46.94	N/A	N/A
Working Capital Days
Receivable Days	50	50	23	15	17	19	23	22	27	36
Inventory Days	78	87	67	64	77	84	78	62	74	100
Payable Days	175	199	141	170	214	187	175	204	196	293

Bell Ceramics Ltd Stock News

Bell Ceramics Ltd FAQs

What is the share price of Bell Ceramics?

Company share prices are keep on changing according to the market conditions. The closing price of Bell Ceramics on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Bell Ceramics?

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 01-Jan-1970 05:30 the market cap of Bell Ceramics stood at ₹15.22.

What is the P/E ratio of Bell Ceramics?

The latest P/E ratio of Bell Ceramics as of 01-Jan-1970 05:30 is 22.18.

What is the P/B ratio of Bell Ceramics?

The latest P/B ratio of Bell Ceramics as of 01-Jan-1970 05:30 is 0.84.

What is the 52-week high and low of Bell Ceramics?

The 52-week high of Bell Ceramics is ₹12.51 and the 52-week low is ₹11.51.

What is the TTM revenue of Bell Ceramics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bell Ceramics is ₹172.8 ( Cr.) .

About Bell Ceramics Ltd

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

Companyâ€™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.