Murudeshwar Ceramics Ltd Stock Analysis

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

BSE Share Price 28-Nov-2023 17:59
59.30 -0.61 (-1.02%)

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

3. Price Trend

Murudeshwar Ceramics Price Chart

P/E Ratio (SA):
52.68
Market Cap:
342.1 Cr.
52-wk low:
27.2
52-wk high:
71.5
Bole Toh?

1. Is Murudeshwar Ceramics Ltd a good quality company?

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

2. Is Murudeshwar Ceramics Ltd undervalued or overvalued?

The key valuation ratios of Murudeshwar Ceramics Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Murudeshwar Ceramics Ltd a good buy now?

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

10 Year X-Ray of Murudeshwar Ceramics:

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

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.6%3.9%3.7%3.1%4.2%3.8%3.1%-0.2%2.7%3.6%-
Value Creation Index -0.7-0.7-0.7-0.8-0.7-0.7-0.8-1.0-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14513811510511912610380.5123172185
YoY Gr. Rt. %--4.8%-16.7%-8.5%13.4%5.4%-18%-22%52.7%40.3%-
Adj EPS 0.30.40.40.31.110.4-2.30.41.11.1
YoY Gr. Rt. %-61.5%-11.9%-18.9%260%-10.2%-63.9%-748.6%NA225.7%-
BVPS (₹) 75.475.877.175.470.97070.363.261.560.660.5
Adj Net Profit 1.11.71.51.34.94.61.7-11.926.67
Cash Flow from Ops. 35.635.645.822.84.914.647.50.523.642.4-
Debt/CF from Ops. 3.53.12.34.4216.31.6169.83.42.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.9%7.6%18.7%40.3%
Adj EPS 17.9%1.1%48.2%225.7%
BVPS-2.4%-3.1%-4.8%-1.6%
Share Price 14.3% 21.3% 49.4% 44.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 0.40.60.50.41.51.40.5-3.60.61.91.9
Op. Profit Mgn % 21.122.523.72526.522.820.111.321.217.917
Net Profit Mgn % 0.71.21.31.24.13.71.6-14.81.63.83.5
Debt to Equity 0.40.40.30.30.30.30.20.30.20.30.1
Working Cap Days 432424490522481477575719469329325
Cash Conv. Cycle 33334037337436137243254334823264

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.90%

Sales growth is growing at healthy rate in last 3 years 18.67%

Net Profit is growing at healthy rate in last 3 years 48.23%

Sales growth is good in last 4 quarters at 26.04%

No data to display

Latest Financials - Murudeshwar Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 1.1 1.1
TTM Sales (₹ Cr.) 185 185
BVPS (₹.) 60.5 60.6
Reserves (₹ Cr.) 291 292
P/BV 0.98 0.98
PE 52.68 52.77
From the Market
52 Week Low / High (₹) 27.16 / 71.50
All Time Low / High (₹) 3.15 / 119.07
Market Cap (₹ Cr.) 342
Equity (₹ Cr.) 57.7
Face Value (₹) 10
Industry PE 48.7

Management X-Ray of Murudeshwar Ceramics :

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

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Analyst's Notes

Key Ratios of Murudeshwar Ceramics

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Murudeshwar Ceramics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Murudeshwar Ceramics on 28-Nov-2023 17:59 is : 59.30.
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 28-Nov-2023 17:59 the market cap of Murudeshwar Ceramics stood at ₹ 342.1.
The latest PE ratio of Murudeshwar Ceramics as of 28-Nov-2023 17:59 is 52.68.
The latest PB ratio of Murudeshwar Ceramics as of 28-Nov-2023 17:59 is 0.98
The 52-week high of Murudeshwar Ceramics is ₹ 71.50 and the 52-week low is ₹ 27.16.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Murudeshwar Ceramics is ₹ 184.6 ( Cr.) .

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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