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Murudeshwar Ceramics Ltd Stock Analysis

Small Cap
Evaluated by 312 users | BSE: 515037 | NSE: MURUDCERA |
Ceramics/Marble/Granite/Sanitaryware
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,...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 4.94%4.66%3.7%3.63%3.89%3.67%3.1%4.22%3.75%3.07%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 173179144145138115105119126103
Y-o-Y Gr. Rt.-3.6%-19.5%0.6%-4.8%-16.7%-8.5%13.4%5.4%-18%
Adjusted EPS (Rs.) 1.51.020.270.260.420.370.31.080.970.35
Y-o-Y Gr. Rt.--32%-73.5%-3.7%61.5%-11.9%-18.9%260%-10.2%-63.9%
Book Value per Share (Rs.) 83.4281.1378.1575.3975.8177.1175.470.8770.0170.27
Adjusted Net Profit 5.33.81.11.11.71.51.34.94.61.7
Net Op. Cash Flow (Rs. Cr.) 31.83027.235.635.645.822.84.914.647.5
Debt to Cash Flow from Ops 4.444.524.93.493.062.254.3821.046.341.63
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.
Murudeshwar Ceramics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -5.6%-5.7%-0.7%-18%
Adjusted EPS -14.9%-3.6%5.3%-63.9%
Book Value per Share -1.9-1.5-2.30.4
Share Price 2.9% 2.6% -18.1% 59.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.931.270.350.350.550.480.41.511.410.49
Operating Profit Margin (%) 30.6323.5521.6521.0522.4623.7124.9926.4822.8420.08
Net Profit Margin (%) 3.042.10.730.741.231.31.234.13.691.6
Debt to Equity 0.480.450.440.40.350.330.310.320.280.23
Working Capital Days 325350449432424490522481477575
Cash Conversion Cycle 266324373333340373374361372432
Entity Percentage Holding
Promoters 66.83%
Institutions 0.46%
Non-Institutions 32.71%
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 Murudeshwar Ceramics Ltd's performance infers:

Murudeshwar Ceramics Ltd earnings have declined by -3.6%, whereas share price has appreciated 2.6% 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 Murudeshwar Ceramics Ltd share prices over the last 10 years. Here is what we found out:

Murudeshwar Ceramics Ltd share price has appreciated 1.7% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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