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Decolight Ceramics Ltd. Stock Analysis

Small Cap
Evaluated by 87 users | BSE: 532858 | NSE: DECOLIGHT |
Ceramics/Marble/Granite/Sanitaryware
The company was incorporated under the name of ‘Decolight Ceramics Limited’ on March 7, 2000; is promoted by Shri. Girishkumar M.Pethapara, Shri. Kantibhai M. Pethapara, Shri Jayantilal M. Pethapara, Smt. Hansaben G. Pethapara and Shri Hemalkumar, G. Pethapara who have been...

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'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Return on Capital Employed 16.68%14.14%14.23%6.57%1.57%2.58%-3.55%-7.39%-29.05%-32.32%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 40.151.181.272.787.51415716.910.22.4
Y-o-Y Gr. Rt.-27.3%59%-10.5%20.3%61.6%-59.7%-70.4%-39.8%-76.9%
Adjusted EPS (Rs.) 4.365.064.821.85-1.82-0.01-1.87-2.77-7.16-5.41
Y-o-Y Gr. Rt.-16.1%-4.7%-61.6%-198.4%NANANANANA
Book Value per Share (Rs.) 16.9921.3739.2440.4140.1721.9921.2518.2610.921.68
Adjusted Net Profit 4.45.18.83.4-3.30-9.1-13.4-34.6-26.2
Net Op. Cash Flow (Rs. Cr.) 1.511.8-4.4-39.316-0.62.35.22.8
Debt to Cash Flow from Ops 16.472.85-8.87-17.475.672.95-55.2315.217.0913.68
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.
Decolight Ceramics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -27%-51.5%-65.5%-76.9%
Adjusted EPS -202.4%NANANA
Book Value per Share -22.7-47-57.1-84.6
Share Price -13.7% - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Return on Equity (%) 30.4724.5918.134.53-4.21-0.04-8.38-14.03-48.79-84.02
Operating Profit Margin (%) 21.7623.226.3618.527.24.73-9.21-28.81-172.68-348.15
Net Profit Margin (%) 10.879.910.874.66-3.82-0.03-15.88-79.36-340.08-1113.17
Debt to Equity 1.441.570.540.720.710.440.330.40.74.7
Working Capital Days 1341461702952811894351,2151,3582,739
Cash Conversion Cycle 10786891901941232848569321,161
Entity Percentage Holding
Promoters 0.28%
Institutions 0.45%
Non-Institutions 99.27%
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 Decolight Ceramics's performance infers:

Decolight Ceramics earnings have grown by 0%, whereas share price has appreciated 0% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Decolight Ceramics share prices over the last 10 years. Here is what we found out:

Decolight Ceramics share price has appreciated -18.7% annually over the past ten years.

The company was incorporated under the name of ‘Decolight Ceramics Limited’ on March 7, 2000; is promoted by Shri. Girishkumar M.Pethapara, Shri. Kantibhai M. Pethapara, Shri Jayantilal M. Pethapara, Smt. Hansaben G. Pethapara and Shri Hemalkumar, G. Pethapara who have been involved in the ceramic tiles industry for over 10 years. It commenced its production in the year 2004.The company is engaged in manufacturing of Vitrified Ceramic Tiles.

Deco Light Ceramics, is the most

The company was incorporated under the name of ‘Decolight Ceramics Limited’ on March 7, 2000; is promoted by Shri. Girishkumar M.Pethapara, Shri. Kantibhai M. Pethapara, Shri Jayantilal M. Pethapara, Smt. Hansaben G. Pethapara and Shri Hemalkumar, G. Pethapara who have been involved in the ceramic tiles industry for over 10 years. It commenced its production in the year 2004.The company is engaged in manufacturing of Vitrified Ceramic Tiles.

Deco Light Ceramics, is the most esteemed Vitrified Tiles manufacturing plant in the market producing Vitrified Tiles under the brand name 'Granolite'. It has its manufacturing facilities at Morbi City, Gujarat-India. ‘Granolite’ tiles are available in more than 200 designs and 25 colors. In addition, more than 35 natural joint free designs give flexibility in installation fulfilling the ever-expanding needs and expectations of consumers all over the world.

In its very first year of incorporation it received ISO 9001- 2000 Certification No. 01602-2005-AQ-BOM-UKAS valid upto June 21, 2007 for its factory for the manufacture and supply of ceramic tiles issued by Benchmark Certification,JAS-ANZ.

It initially started with a production capacity of 3000 sq. meters per day of vitrified tiles. We enhanced our capacity to 6000 sq. meters per day in the year 2005-06. Now company plans to enhance the production capacity of vitrified tiles further from 6000 sq meters/day to 12000 sq meters/day.

Vitrified tiles have become extremely popular over the years due to ease in laying, strength, durability, price and most importantly hygiene. Vitrified Tiles are available at onefourth the cost of Italian Marble. They come in in standard sizes of 605mm X 605mm, 807mm x 807mm and 1000mm x 1000mm with thickness of 10 mm and above.Tiles are available in different colours and sizes.

Product range of the company

  • DECOgris-Porcelinato tiles
  • DECORoyale-Vertified tiles
  • DECOGold- Wall tiles
  • Floor tiles
  • In 2010 the Company Launched DOUBLE CHARGED VITRIFIED TILES in the market.

Awards/Achievements

  • The ISO 9001:2000 & ISO 14001 certifications that reflect the company’s commitment to quality and the environment.
  • Kantibhai Pethapara, Director, Deco Group received the National Achievement Award during the National Seminar on Individual Contribution to World Peace & Development, on 28 Aug 2003 at New Delhi.
  • Jayantibhai Pethapara, Director, Deco Group received the award from Mr. Pranav Mukharjee on 7 October 2006 at New Delhi, the award signifies Special Recognition towards the Performance that proved to be the best in the Small Scale Industries.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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