Spartek Ceramics India Ltd - Stock Valuation and Financial Performance

BSE: 515003 | NSE: SPARTEK | Ceramics/Marble/Granite/Sanitaryware | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Spartek Ceramics

M-Cap below 100cr DeciZen not available

Spartek Ceramics India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
10.1 Cr.
52-wk low:
0
52-wk high:
0

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Spartek 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.

Value Creation

Value Creation Index Colour Code Guide

Mar'99Sep'00Sep'01Sep'02Mar'03Mar'04TTM
ROCE % 6.9%-1.6%-6.1%-3.5%-23%4.2%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4457.445.550.949.455.60
Sales YoY Gr.-30.5%-20.8%12%-3%12.6%-
Adj EPS 0.2-6.2-7.2-5.5-26.40.5-0.1
YoY Gr.--3950%NANANANA-
BVPS (₹) 30.616.41510.221.411.70.6
Adj Net
Profit
0.2-7.6-12.4-9.5-45.30.80
Cash Flow from Ops. -0.1-1.8-622.30.1-
Debt/CF from Ops. -1142.2-28-1341.156.11003.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA4.8%7%12.6%
Adj EPS NA25.1%NANA
BVPSNA-17.4%-7.7%-45.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'99Sep'00Sep'01Sep'02Mar'03Mar'04TTM
Return on
Equity %
0.4-29-39.2-41.2-122.84.3-1
Op. Profit
Mgn %
19.5-1.1-8.60.6-62.510NAN
Net Profit
Mgn %
0.4-13.3-27.2-18.7-91.71.5-INF
Debt to
Equity
1.72.434.63.43.2-
Working Cap
Days
02855064187583170
Cash Conv.
Cycle
044703872-180

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Spartek Ceramics India Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -2.2
TTM Sales (₹ Cr.) 0 80
BVPS (₹.) 0.6 2.3
Reserves (₹ Cr.) -16 -13
P/BV 9.68 2.55
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) 0.65 / 190.00
Market Cap (₹ Cr.) 10.1
Equity (₹ Cr.) 17.2
Face Value (₹) 10
Industry PE 41.4

Management X-Ray of Spartek Ceramics:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Spartek Ceramics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'99Sep'00Sep'01Sep'02Mar'03Mar'04
Sales43.9886.1145.4650.9324.6955.61
Operating Expenses 35.3987.1449.3550.6340.1350.13
Manufacturing Costs12.0531.4721.3821.3510.6523.70
Material Costs14.3532.328.5810.895.3710.27
Employee Cost 3.155.824.955.712.995.92
Other Costs 5.8417.5414.4412.6721.1210.24
Operating Profit 8.59-1.03-3.890.30-15.445.48
Operating Profit Margin (%) 19.5%-1.2%-8.6%0.6%-62.6%9.9%
Other Income 3.6611.424.641.942.401.75
Interest 10.2313.928.238.442.623.85
Depreciation 1.534.713.113.256.962.57
Exceptional Items 0.520.290000
Profit Before Tax 1.02-7.95-10.60-9.44-22.620.81
Tax 00.050000
Profit After Tax 1.02-8-10.60-9.44-22.620.81
PAT Margin (%) 2.3%-9.3%-23.3%-18.5%-91.6%1.5%
Adjusted EPS (₹)0.9-6.5-6.1-5.5-13.10.5
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'99Sep'00Sep'01Sep'02Mar'03Mar'04

Equity and Liabilities

Shareholders Fund 40.8433.4127.7718.3318.5320.31
Share Capital 11.7812.3517.3017.3017.3017.30
Reserves 29.0621.0610.471.031.233.01
Minority Interest000000
Debt62.6873.4378.6281.0363.2465.55
Long Term Debt62.6873.4378.6281.0363.2465.55
Short Term Debt000000
Trade Payables9.8913.6316.4217.4315.5016.55
Others Liabilities 12.549.826.7110.055.213.59
Total Liabilities 125.95130.29129.52126.84102.48106

Fixed Assets

Gross Block60.2563.2164.5064.6664.7865.09
Accumulated Depreciation23.8528.5331.6434.7241.6544.16
Net Fixed Assets36.4034.6732.8629.9423.1320.92
CWIP 1.391.1400.1200
Investments 5.595.5927.5927.5927.5927.59
Inventories14.7313.3716.0815.3912.9713.59
Trade Receivables11.0312.8212.4311.533.913.62
Cash Equivalents 4.824.502.132.051.541.33
Others Assets51.9958.2038.4540.2233.3538.96
Total Assets 125.95130.29129.52126.84102.48106

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'99Sep'00Sep'01Sep'02Mar'03Mar'04
Cash Flow From Operating Activity -0.05-2.62-6.041.971.130.07
PBT 0.49-8.24-10.60-9.44-22.620.81
Adjustment 7.2619.2911.7613.9324.225.97
Changes in Working Capital -5.03-6.33-3.65-2.52-0.48-6.72
Tax Paid 000000
Cash Flow From Investing Activity -0.49-2.32-0.16-0.42-0.01-0.36
Capex -0.49-2.32-0.16-0.42-0.01-0.36
Net Investments 000000
Others 000000
Cash Flow From Financing Activity 3.694.623.83-1.63-1.620.08
Net Proceeds from Shares 1.8503000
Net Proceeds from Borrowing 000000
Interest Paid 000-2.36-1.31-1.99
Dividend Paid 000000
Others 1.844.620.830.73-0.312.07
Net Cash Flow 3.14-0.32-2.37-0.08-0.51-0.21
PARTICULARSMar'99Sep'00Sep'01Sep'02Mar'03Mar'04
Ratios
ROE (%)2.83-24.12-37.7-43.4-125.054.19
ROCE (%)11.135.78-2.25-0.99-22.175.56
Asset Turnover Ratio0.410.770.410.450.240.59
PAT to CFO Conversion(x)-0.05N/AN/AN/AN/A0.09
Working Capital Days
Receivable Days7744877610022
Inventory Days1035210210018479
Payable Days2521336395671,119570

Spartek Ceramics India Ltd Stock News

Spartek Ceramics India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Spartek Ceramics on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Spartek Ceramics stood at ₹10.11.
The latest P/E ratio of Spartek Ceramics as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Spartek Ceramics as of 01-Jan-1970 05:30 is 9.68.
The 52-week high of Spartek Ceramics is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Spartek Ceramics is ₹0.00 ( Cr.) .

About Spartek Ceramics India Ltd

Spartek Ceramics India was incorporated on March 9, 1983 and is engaged in the manufacture of tiles. It is part of the Spartek Group, which also includes Stiles India.

The company operates through its divisions of tiles and granite and has manufacturing facilities located at Chittoor in Andhra Pradesh and Tiruvallur in Tamil Nadu respectively with capacity to produce glazed, unglazed, acid resistant, and granite floor and wall tiles. In collaboration with Ceramics (USA), a series of ceramic floor tiles were manufactured.

Marketing capabilities have been established in Chennai, Coimbatore, Madurai, Hyderabad and Bangalore and in other places across India with a network of more than 250 dealers countrywide. It is presently suspended from the BSE on account of non-compliance with listing agreement clauses.

Milestones:

1983 - The company was incorporated on March 9, and the certificate of commencement of business was obtained on August 22. It was promoted by Krishna Prasad Tripuranani is association with several non-resident Indians. The main objective of the company is to manufacture glazed and unglazed wall and floor tiles. The company entered into a financial and technical collaboration with Ceramic US, US Ceramic Tile Co Inc, Ohio, USA for the manufacture of ceramic wall and floor tiles. The technology being used for the first time in India replaced the traditional double firing system by single firing process. 

1986 - The company introduced 30 new colours and designs during the year. Necessary approvals for doubling of capacity were received. Balancing equipment was installed in the granites division to increase the output of polished tiles. 

1988 - The company undertook to set up a 100% export oriented unit under the name of Spartek Granites (SGL) for the manufacture of ceramic tiles. The management group associated with Spartek Ceramics (SCL) acquired the controlling interest in Neycer India, Ltd. (NIL), a potentially sick company in terms of Section 23, Sick Industrial Companies (Special Provisions) Act, 1985. NIL was sanctioned financial assistance by financial institutions, with ICICI as the lead institution for modernisation and revamping of the manufacturing units of NIL.

1991 - A fresh evaluation of the financial scheme was being made by ICICI because of increase in loan liabilities due to foreign exchange fluctuations and revision of interest rates. 

1992 - The granites division came out of its earlier problems with regard to unpolished tiles and the product acceptance in the international market was reported to be good. A new company by name Spartek Fine China was incorporated for implementing tableware project at Rajahmundry district of AP. 

1993 - Due to non-availability of gas, the location for the new project was changed to Mamanduru near Tirupati. 

1994 - In December, machinery to overcome the initial teething technical problems was installed. With the new excise policy permitting conversion of EOUs for domestic tariff area, the division proposed to take necessary permission to sell in Indian market. 

1995 - Stiles India started producing greater volumes while Spartek Ceramic factory is revamped and equipped to produce the high margin products. Steps are taken to change the status of the Granite Division from EOU to a domestic supplier.

1996 - The Granite division was closed during the year. The granite unit obtained permission in December for debonding from the status of 100% EOU to domestic unit. The unit was fully geared up to re-commence production in the first quarter of 1998.

Subsidiary:

• Neycer India

Divisions:

• Granite division • Tiles division

Clients:

• Oberoi group of hotels • Taj Bengal • Airport Authority of India • Madras Medical Mission • Airport-Port Blair at Andaman and many others.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.