Murudeshwar Ceramics Ltd Stock Analysis

BSE: 515037 | NSE: MURUDCERA | Ceramics/Marble/Granite/Sanitaryware | Small Cap

BSE Share Price Jan 17, 18:01
34.05 4.30 (14.45%)

DeciZen - Make an Informed Decision on Murudeshwar Ceramics

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 4.7%3.7%3.6%3.9%3.7%3.1%4.2%3.8%3.1%-0.2%-
Value Creation Index -0.7-0.7-0.7-0.7-0.7-0.8-0.7-0.7-0.8-1.0-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 17914414513811510511912610380.5104
YoY Gr. Rt. %--19.5%0.6%-4.8%-16.7%-8.5%13.4%5.4%-18%-22%-
Adj EPS 10.30.30.40.40.31.110.4-2.31.4
YoY Gr. Rt. %--73.5%-3.7%61.5%-11.9%-18.9%260%-10.2%-63.9%-748.6%-
BVPS (₹) 81.178.275.475.877.175.470.97070.363.263.2
Adj Net Profit 3.81.11.11.71.51.34.94.61.7-11.97
Cash Flow from Ops. 3027.235.635.645.822.84.914.647.50.5-
Debt/CF from Ops. 4.54.93.53.12.34.4216.31.6169.8-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -8.5%-6.9%-12.3%-22%
Adj EPS -209.3%-243.7%-228.1%-748.6%
BVPS -2.7-3.9-3.8-10.1
Share Price 8.1% 2% 12.2% 51.7%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 1.30.40.40.60.50.41.51.40.5-3.62.3
Op. Profit Mgn % 23.621.721.122.523.72526.522.820.111.326.2
Net Profit Mgn % 2.10.70.71.21.31.24.13.71.6-14.87.1
Debt to Equity 0.50.40.40.40.30.30.30.30.20.30
Working Cap Days 350449432424490522481477575719476
Cash Conv. Cycle 324373333340373374361372432543347

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.20%

Sales growth is good in last 4 quarters at 52.26%

Sales growth has been subdued in last 3 years -12.32%

Net Profit has been subdued in last 3 years -228.10%

Latest Financials - Murudeshwar Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 1.4 -
TTM Sales (₹ Cr.) 104 -
BVPS (₹.) 63.2 -
Reserves (₹ Cr.) 278 -
P/BV 0.54 -
PE 23.91 -
From the Market
52 Week Low / High (₹) 18.00 / 33.45
All Time Low / High (₹) 3.15 / 119.07
Market Cap (₹ Cr.) 178
Equity (₹ Cr.) 52.3
Face Value (₹) 10
Industry PE 43.9

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 (%)

Event Update

Analyst's Notes

News

About Murudeshwar Ceramics Ltd

Murudeshwar Ceramics was incorporated on June 29, 1983. The company is a manufacturer of ceramic glazed floor tiles. The company was promoted by R N Shetty and his associates and Karnataka State Industrial Investment & Development Corporation (KSIIDC) in the joint sector.

In the year 1983, the company entered into a technical and financial collaboration agreement with Klingenberg Dekoramik, GmbH, W Germany for technical know-how, ceramic technical documentation, assistance in machinery selection, establishing production and training Indian technicians in Germany.

In the year 1992, the company introduced Plaza, Galaxy and Symphony series of ceramic tiles which were well received in the market. Also, tiles in sizes viz. 25cm x 20cm and 20cm x 15cm were introduced.

The company manufactures glazed ceramic floor tiles, vitrified porcelain and natural granite slabs. The company markets its products under the brand name Naveen. The manufacturing facilities are located in Hubli (Karnataka) and Karaikal (Pondicherry) with a production capacity of 75,000 TPA. The units are equipped with state- of- the- art technology in technical collaboration with Sacmi Imola & Breton, Italy. The company is planning to set up a plant in north India with an installed capacity of 10,000-12,000 square meters per day.

The products are tested and certified by Shriram Institute of Industrial Research for product quality conformance. R&D cells attached to the manufacturing units work independently and constantly to develop new colors, designs, textures, finishes and sizes in sync with the latest global trends.

The company has a countrywide network of offices and dealers and sells directly to large projects. Its products are exported to countries such as USA, Australia, Republic of South Africa, Russia, Sri Lanka the Middle East, Kenya and Mauritius.

The registered office of the company is at Murudeshwar Bhavan, Gokul Road, Hubli-580030, Karnataka.

Product of the company

  • Ceramic Glazed Tiles
  • Earth Material
  • Polished Granite Slabs

Certification/ Recognition

  • The company has been accredited with the ISO 9001:2000 certification
  • MCL has received a state award from Government of Karnataka for excellence in exports for the year 1995-1996.
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