Murudeshwar Ceramics Ltd - Stock Valuation and Financial Performance

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

Murudeshwar Ceramics Share Price

46.23 0.02 0.04%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Murudeshwar Ceramics

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

1. Quality

2. Valuation

Fair

3. Price Trend

Murudeshwar Ceramics stock performance -

mw4me loader
P/E Ratio (SA):
42.19
Market Cap:
281 Cr.
52-wk low:
27.2
52-wk high:
71.5

Is Murudeshwar Ceramics Ltd an attractive stock to invest in?

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 Fair zone.

3. Is Murudeshwar Ceramics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Murudeshwar Ceramics Ltd is likely to Fall 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 14513811510511912610380.5123172192
Sales YoY Gr.--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.-61.5%-11.9%-18.9%260%-10.2%-63.9%-748.6%NA225.7%-
BVPS (₹) 75.475.877.175.470.97070.363.261.560.660.1
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 12.9% 17.6% 33.8% 62%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.40.60.50.41.51.40.5-3.60.61.91.8
Op. Profit
Mgn %
21.122.523.72526.522.820.111.321.217.916.5
Net Profit
Mgn %
0.71.21.31.24.13.71.6-14.81.63.83.5
Debt to
Equity
0.40.40.30.30.30.30.20.30.20.3-
Working Cap
Days
432424490522481477575719469329142
Cash Conv.
Cycle
33334037337436137243254334823231

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.80%

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 26.12%

No data to display

Latest Financials - Murudeshwar Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 1.1 1.1
TTM Sales (₹ Cr.) 192 192
BVPS (₹.) 60.1 60.2
Reserves (₹ Cr.) 303 304
P/BV 0.77 0.77
PE 42.19 42.07
From the Market
52 Week Low / High (₹) 27.16 / 71.50
All Time Low / High (₹) 3.15 / 119.07
Market Cap (₹ Cr.) 281
Equity (₹ Cr.) 60.6
Face Value (₹) 10
Industry PE 41.4

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales14513811510511912610380123172
Operating Expenses 11510788798897827297142
Manufacturing Costs34313128312514193558
Material Costs51472724294746293140
Employee Cost 13131514161312121525
Other Costs 16161413121110111618
Operating Profit 3131272632292192631
Operating Profit Margin (%) 21.0%22.4%23.7%25.0%26.5%22.8%20.1%11.1%21.1%17.9%
Other Income 1211129111
Interest 21212017191616161313
Depreciation 99789910101011
Exceptional Items 0000000000
Profit Before Tax 2222553-1647
Tax 0001002-421
Profit After Tax 1221552-1227
PAT Margin (%) 0.8%1.2%1.4%1.3%4.1%3.8%1.7%-14.8%1.7%3.8%
Adjusted EPS (₹)0.30.40.40.31.11.00.4-2.30.41.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%44%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 308310315324320333334331338349
Share Capital 41414143454848525558
Reserves 267269274281275285287278283292
Minority Interest0000000000
Debt124109103273293778381118
Long Term Debt4632262732238151654
Short Term Debt787777007070686564
Trade Payables16232421201524191928
Others Liabilities 1515251051033337393745
Total Liabilities 463456467477475474473472475540

Fixed Assets

Gross Block548553560317319324341340351361
Accumulated Depreciation2682762838172635455566
Net Fixed Assets280278278309302298306296296295
CWIP 201925128678
Investments 4444444699
Inventories118102103104112101100104112118
Trade Receivables37503331334641322216
Cash Equivalents 6576433362
Others Assets17172223172116242321
Total Assets 463456467477475474473472475540

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 363646235154702442
PBT 2222552-1247
Adjustment 26241918202122201920
Changes in Working Capital 910262-21-1223-7217
Tax Paid -1-1-111000-1-1
Cash Flow From Investing Activity -11-4-25-20-4-1-18-6-13-81
Capex -12-6-26-21-5-2-19-7-8-82
Net Investments 00000000-50
Others 1111111111
Cash Flow From Financing Activity -24-32-19-4-3-15-295-835
Net Proceeds from Shares 30077601148
Net Proceeds from Borrowing -9-15-515-6-157139
Interest Paid -18-16-14-12-12-13-14-11-10-10
Dividend Paid 0000000000
Others 0-1-10-3-20-1-3-1
Net Cash Flow 1-12-1-2-1003-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.380.560.50.411.531.470.52-3.570.641.92
ROCE (%)5.175.465.144.575.585.034.61-0.014.074.65
Asset Turnover Ratio0.330.320.260.230.250.270.220.170.260.34
PAT to CFO Conversion(x)361823231323.5N/A126
Working Capital Days
Receivable Days90108124106961141541658041
Inventory Days303274307342325309355463322244
Payable Days12789186250208101127225183196

Murudeshwar Ceramics Ltd Stock 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-Mar-2024 16:01 is ₹46.23.
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-Mar-2024 16:01 the market cap of Murudeshwar Ceramics stood at ₹281.0.
The latest P/E ratio of Murudeshwar Ceramics as of 28-Mar-2024 16:01 is 42.19.
The latest P/B ratio of Murudeshwar Ceramics as of 28-Mar-2024 16:01 is 0.77.
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 ₹191.8 ( 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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