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Exxaro Tiles Ltd (EXXARO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543327 NSE: EXXARO Ceramics/Marble/Granite/Sanitaryware | Small Cap | Exxaro Tiles Share Price

₹6.54 0.00 (0.00%)

As on 04-Jun'26 16:59

Exxaro Tiles Ltd (EXXARO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543327 NSE: EXXARO Ceramics/Marble/Granite/Sanitaryware | Small Cap | Exxaro Tiles Share Price

₹6.54 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹293 Cr.
Current Price
₹6.5
52-Week Low / High
₹6 / 11
TTM EPS
₹0.1
TTM Sales
₹282 Cr.
Book Value per Share
₹6.2
P/E Ratio
139.07
Higher than its 5-year historical median
Industry PE
43.8
Price to Book (P/B)
1.05
Lower than its 5-year historical median
Price to Sales (P/S)
1.04
Lower than its 5-year historical median
EV/EBITDA
15.36
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-0.28%
Underperforms industry median
Return on Capital Employed (ROCE)
3.46%
Underperforms industry median
Return on Assets (ROA)
-0.16%
Operating Profit Margin
7.1%
Net Profit Margin
-0.26%
Gross Profit Margin
3.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-0.68%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-13.94%
Net Profit Growth (1 Year)
-
-134.21%
Asset Quality
Promoter Holding
42.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹234 Cr.
Equity
₹44.7 Cr.
Face Value
₹1
All Time Low / High
₹5.22 / 17.25

Exxaro Tiles stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Exxaro Tiles Ltd a good quality company?
Exxaro Tiles Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Exxaro Tiles Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Exxaro Tiles Ltd vs industry peers?
Exxaro Tiles Ltd revenue CAGR is 4.47%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Exxaro Tiles Ltd?
Promoters hold 42.07% of the Exxaro Tiles Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Exxaro Tiles Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -19.69% based on the current price.

10 Year X-Ray :

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.
Exxaro Tiles Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15%12.9%11%9.3%11.3%13%11.6%5.6%4.7%3.5%-
Value Creation
Index
0.1-0.1-0.2-0.3-0.2-0.1-0.2-0.6-0.7-0.8-

Growth Parameters

Sales 128168220242241255325317302300282
Sales YoY Gr.-31.4%30.6%10.3%-0.6%6%27.5%-2.5%-4.9%-0.7%-
Adj EPS 0.40.40.30.30.30.50.40.20-00.1
YoY Gr.-2.8%-29.7%-3.9%24%48.4%-10.9%-63.4%-73.3%-150%-
BVPS (₹) 2.22.933.33.64.166.16.26.26.2
Adj Net
Profit
11.3128.68.310.515.418.26.71.8-0.92
Cash Flow from Ops. 17.30.81.740.85.737.824.823.25.323.6-
Debt/CF from Ops. 3.4193.21083.930.54.32.34.118.53.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.9%4.5%-2.7%-0.7%
Adj EPS -172.5%-157.8%-136.5%-150%
BVPS12.1%11.4%1.2%-0.3%
Share Price - - -16.9% -30.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
19.714.38.77.99.21292.50.7-0.30.8
Op. Profit
Mgn %
17.1191815.617.919.114.410.58.17.18.5
Net Profit
Mgn %
8.87.13.93.44.465.62.10.6-0.30.8
Debt to
Equity
0.81.61.81.51.41.20.20.30.40.30.1
Working Cap
Days
154188246249286296246283329352172
Cash Conv.
Cycle
687513914017718116218120721369

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales128168220242241255325317302300
Operating Expenses + 106136180204198207278284277279
Manufacturing Costs07659608488129127125116
Material Costs872970957184117111110116
Employee Cost 5123029271924282728
Other Costs 1418212016159181518
Operating Profit 22323938434847332521
Operating Profit Margin (%) 17.1%18.9%18.0%15.6%17.8%19.0%14.4%10.5%8.1%7.0%
Other Income + 1122343321
Exceptional Items 0000000-100
Interest 712141820211091412
Depreciation 48121414141416910
Profit Before Tax 12131581217261031
Tax 016-1128312
Profit After Tax 11129911151872-1
PAT Margin (%) 8.8%7.3%4.2%3.7%4.7%6.0%5.6%2.3%0.8%-0.3%
Adjusted EPS (₹)0.40.40.30.30.30.50.40.20.1-0.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Exxaro Tiles - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7197100109121136267274277276
Share Capital 33363434343445454545
Reserves 3861677687102222229232231
Debt +5415015714316214357919083
Long Term Debt4011710788867022292114
Short Term Debt14335055767335626969
Minority Interest0000000000
Trade Payables21525258705158779196
Others Liabilities 26416046343924252929
Total Liabilities 172340369357387369405468486484

Fixed Assets

Net Fixed Assets +76200196185172159150198194191
Gross Block91223230233234235240304309315
Accumulated Depreciation14223448637690105115124
CWIP 23000000000
Investments 00001101010
Inventories20608979105104114132155164
Trade Receivables346169839690101110117110
Cash Equivalents 571044519333
Others Assets 1312458920141616
Total Assets 172340369357387369405468486484

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1712416382523524
PBT 12131581217261031
Adjustment 9152632343522242221
Changes in Working Capital -4-27-362-39-12-17-8-194
Tax Paid -00-4-1-2-3-7-3-0-2
Cash Flow From Investing Activity + -27-109-14-5-2-2-9-676-5
Capex -27-109-14-9-1-2-4-64-5-7
Net Investments 0000-101-1091
Others 00-040-0-6711
Cash Flow From Financing Activity + 510916-38-4-34-128-11-19
Net Proceeds from Shares 17147000134000
Net Proceeds from Borrowing 001-26-5-16-447-8-8
Interest Paid -5-7-14-18-20-21-10-9-14-12
Dividend Paid 0000000000
Others -7103215203-8130110
Net Cash Flow -513-2-1214-160-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.9815.029.398.59.7811.868.992.70.83-0.28
ROCE (%)14.9712.8811.029.3111.3312.9811.645.624.73.46
Asset Turnover Ratio0.920.760.620.670.650.670.840.730.630.62
PAT to CFO Conversion(x)1.550.080.224.560.552.531.393.292.5N/A
Working Capital Days
Receivable Days78.1089108114.80136.20133.40107.50121.90137.40137.90
Inventory Days53.9075123.90127.30140.20150.10122.70141.70173.60194.60
Payable Days74.70454270.70210.30325.80260.70169.50221.30279.40293.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Exxaro Tiles Ltd FAQs

The current trading price of Exxaro Tiles on 04-Jun-2026 16:59 is ₹6.54.

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 03-Jun-2026 the market cap of Exxaro Tiles stood at ₹292.6 Cr

The latest P/E ratio of Exxaro Tiles as of 03-Jun-2026 is 139.1.

The latest P/B ratio of Exxaro Tiles as of 03-Jun-2026 is 1.05.

The 52-week high of Exxaro Tiles is ₹10.95 and the 52-week low is ₹6.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exxaro Tiles is ₹282 ( Cr.) .

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

The key valuation ratios of Exxaro Tiles Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Exxaro Tiles Ltd

Exxaro Tiles is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. It commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and has over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. Its well-known brand series include Topaz Series, Galaxy Series, High Gloss Series, etc. It focus its research and development efforts on developing products which are innovative and in line with the trends. Some of its key product development highlights include: 1) 3D Effect in Double Charge Vitrified Tiles 2) Replica of Natural Stones in Double Charge Vitrified Tiles 3) High transparent glaze in weight method for glazed vitrified tiles. Further it also supply wall tiles to certain of its dealers wherein it get the products manufactured on outsourced basis. Its integrated model has allowed it to develop insights across the entire value chain right from product design, process development, and manufacturing to marketing.

Business area of the company

Its business operations are broadly divided into two product categories:

  • Double Charg Vitrified Tiles: Double chaerge vitrified tiles are tiles that are fed through a press which prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles. This process does not permit complex patterns but results in a long-wearing tile surface, suitable for heavy traffic commercial projects.
  • Glazed Vitrified Tiles: Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz and other additives and fired at high temperatures to ensure high strength and low water absorption. These tiles are coated with glaze materials prior to the firing process.

Awards

  • 2015: Won ‘Best Display Award’ at Décor India Show and Won ‘Best Stall’ at Buildtech 2015.

Major events and milestone

  • 2008: Incorporation of the Company pursuant to the conversion of a partnership firm, Ricasil Ceramic Industries, into a joint stock company under Part IX of the Companies Act, 1956.
  • 2012: Commenced the setting up of a new project to manufacture double charged vitrified tiles at Mahuvad Turning, P.O. - Dabhasa, Taluka - Padra, Vadodara with a projected installed capacity of 3,600,000 square meter per annum.
  • 2013: Commenced trial production in respect of the new project at Mahuvad Turning, P.O. - Dabhasa, Taluka – Padra, Vadodara within the estimated time lines and projected cost having projected installed capacity of 3,600,000 square meter per annum.
  • 2015: Commenced the setting up of a new project at Mahelav, P.O. - Montesary, Vavdi - Harsol Road, Taluka - Talod, District - Sabarkantha with a projected installed capacity in respect of glazed vitrified tiles and double charged vitrified tiles of 9,600,000 square meter per annum.
  • 2016: Successfully completed the setting up of the new project and commenced commercial production at Mahelav, P.O. - Montesary, Vavdi - Harsol Road, Taluka - Talod, District - Sabarkantha having installed capacity in respect of glazed vitrified tiles and double charged vitrified tiles of 9,600,000 square meter per annum within the estimated time lines and projected cost.
  • 2016: Obtained approval of the brand name of ‘Exxaro Tiles for double charged vitrified tiles’ to be used for various health care structures vide letter dated April 27, 2016 issued by Chief Engineer, Commissionerate of Health, Project Implementation Unit, Gandhinagar.
  • 2020: Conversion of Company from ‘Private Limited’ to ‘Public Limited’.
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