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Ceeta Industries Ltd. Stock Analysis

Small Cap
Evaluated by 184 users | BSE: 514171 | NSE: |
Ceramics/Marble/Granite/Sanitaryware
Ceeta Industries is a publicly owned company managed and promoted by the Poddar Group, who has a rich experience in International trade for over 25 years. The granite division consists of an Integrated Plant for manufacture of Granite slabs, both random and cut-to-size, tiles and monuments and...

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
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 15.32%3.28%16.63%8.81%5.77%7.99%2.86%10.91%0.06%8.68%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4.57.53.17.25.26.47.3162.714.7
Y-o-Y Gr. Rt.-65.6%-59%134.3%-26.9%22%13.8%119.7%-83%441.3%
Adjusted EPS (Rs.) 1.190.140.90.720.681.010.381.58-0.031.41
Y-o-Y Gr. Rt.--88.2%542.9%-20%-5.6%48.5%-62.4%315.8%-101.9%NA
Book Value per Share (Rs.) 7.818.8410.7411.4912.1913.0913.5915.2315.516.99
Adjusted Net Profit 1.70.21.31.111.50.62.302.1
Net Op. Cash Flow (Rs. Cr.) -9.13.71.5-2.5-1.31.4-2.41.8-1.7-3.4
Debt to Cash Flow from Ops -0.931.02000000.31-0.46-0.23
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.
Ceeta Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14%22.9%26.4%441.3%
Adjusted EPS 1.9%15.7%54.8%NA
Book Value per Share 96.97.79.6
Share Price 1.4% 2.5% -33% -17.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 16.431.679.156.525.767.972.8410.94-0.178.69
Operating Profit Margin (%) -7.62-0.51-13.862.58-2.133.39-5.7611.78-64.967.78
Net Profit Margin (%) 38.142.7142.4814.6518.8922.877.5514.32-1.3713.96
Debt to Equity 0.740.3000000.030.030.03
Working Capital Days 1,0268482,0818091,0498296933342,105473
Cash Conversion Cycle 528337787302327139723519837
Entity Percentage Holding
Promoters 71.91%
Institutions 0.23%
Non-Institutions 27.86%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ceeta Industries Ltd.'s performance infers:

Ceeta Industries Ltd. earnings have grown by 15.7%, whereas share price has appreciated 2.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ceeta Industries Ltd. share prices over the last 10 years. Here is what we found out:

Ceeta Industries Ltd. share price has appreciated -6.1% annually over the past ten years.

Ceeta Industries is a publicly owned company managed and promoted by the Poddar Group, who has a rich experience in International trade for over 25 years. The granite division consists of an Integrated Plant for manufacture of Granite slabs, both random and cut-to-size, tiles and monuments and special profiles on CNC Machines. This unit which is strategically located 70 Kms, from the city of Bangalore and is only an hour’s drive from Bangalore International Airport.

Ceeta Industries is a publicly owned company managed and promoted by the Poddar Group, who has a rich experience in International trade for over 25 years. The granite division consists of an Integrated Plant for manufacture of Granite slabs, both random and cut-to-size, tiles and monuments and special profiles on CNC Machines. This unit which is strategically located 70 Kms, from the city of Bangalore and is only an hour’s drive from Bangalore International Airport. Moreover the Unit situated on the National highway No. 4 is in close proximity to the ports of Madras, Vizag, Mumbai, Cochin and Mangalore.

The company’s manpower strength is a total of 60 people which includes managerial staff, skilled and semi-skilled labor. The management is strict about meeting international standards in quality and corporate governance.

Milestones

1984

  • The company was Incorporated on October 31, under the name of Ceeta Polymer Products Ltd., and obtained the Certificate of Commencement of Business on 6th November. Subsequently, the name of the company was changed to Ceeta Polymers Ltd. on August 12, 1986.
  • It was promoted by K.M. Poddar, his friends and associates. Initially, the company had set up a unit for manufacture of synthetic woven fabrics at Balasore of Orissa.
  • The company's object is to manufacture synthetic woven fabrics and crimped/air-texturised synthetic yarn.
  • The company had signed a Memorandum of Agreement with Rajasthan Petro Synthetics Ltd. (RPSL), to pass on its expertise to manufacture crimped and air texturised yarn to the Company. As per the terms of agreement RPSL was to provide the necessary know-how, assist in selection of plant and machinery erection/ commissioning of the plant and impart trainings to the personnel of the Company for which no fees is payable.
  • The company undertook to set up a unit to manufacture 2650 tpa of crimped yarn and 250 tpa of air texturised synthetic yarn by converting poly propylene partially oriented yarn (PP-POY) and fully drawn yarn (PP-POY) into bulk yarn at village Rohikhera in Udaipur District.

1991

  • The main plant and machinery were procured indigenously. First phase of the unit was implemented and commenced production from February 15.
  • 700 No. of equity shares of Rs.10 each allotted subscribers to the Memorandum and Articles of Association. 63,49,300 No. of equity shares of Rs.10 each were issued.

1993

  • A 100% Export-Oriented granite Cutting and polishing unit at Dist. Tumkur, Karnataka is under implementation.

1995

  • The company has diversified its activities by putting up a 100% E.O.U. Granite unit for manufacture of Granite tiles, slabs and monuments etc.
  • The name of the company was changed to 'Ceeta Industries Ltd.' owing to its diversified activities.

2008

  • The company was delisted from The Calcutta Stock Exchange Association Ltd (CSE) with effect from March 25, 2008.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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