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Spartek Ceramics India Ltd (SPARTEK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 515003 NSE: SPARTEK Ceramics/Marble/Granite/Sanitaryware | Small Cap | Spartek Ceramics Share Price

BSE Share Price
Not Listed

Spartek Ceramics India Ltd (SPARTEK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 515003 NSE: SPARTEK Ceramics/Marble/Granite/Sanitaryware | Small Cap | Spartek Ceramics Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹10 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹-0.1
TTM Sales
₹0 Cr.
Book Value per Share
₹0.6
P/E Ratio
0.00
Industry PE
46.8
Price to Book (P/B)
9.68
Price to Sales (P/S)
0.00
EV/EBITDA
-688.29
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
4.19%
Return on Capital Employed (ROCE)
5.56%
Return on Assets (ROA)
0.78%
Operating Profit Margin
10%
Net Profit Margin
1.46%
Gross Profit Margin
5.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
12.62%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹-16 Cr.
Equity
₹17.2 Cr.
Face Value
₹10
All Time Low / High
₹0.65 / 190.00

Spartek Ceramics India stock performance

Key Ratios
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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)

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

Mar'95Mar'96Mar'97Mar'98Mar'99Sep'00Sep'01Sep'02Mar'03Mar'04TTM
ROCE % 0%0%0%0%11.1%5.8%-2.3%-1%-22.2%5.6%-

Growth Parameters

Sales 00004457.445.550.949.455.60
Sales YoY Gr.-NANANANA30.5%-20.8%12%-3%12.6%-
Adj EPS 00000.2-6.2-7.2-5.5-26.40.5-0.1
YoY Gr.-NANANANA-3950%NANANANA-
BVPS (₹) 000030.616.41510.221.411.70.6
Adj Net
Profit
00000.2-7.6-12.4-9.5-45.30.8-0
Cash Flow from Ops. 0000-0.1-1.8-622.30.1-
Debt/CF from Ops. 0000-1142.2-28-1341.156.11003.8-

CAGR

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

Mar'95Mar'96Mar'97Mar'98Mar'99Sep'00Sep'01Sep'02Mar'03Mar'04TTM
Return on
Equity %
00000.4-29-39.2-41.2-122.84.3-1
Op. Profit
Mgn %
000019.5-1.1-8.60.6-62.510NAN
Net Profit
Mgn %
00000.4-13.3-27.2-18.7-91.71.5-INF
Debt to
Equity
00001.72.434.63.43.2-
Working Cap
Days
000002855064187583170
Cash Conv.
Cycle
0000044703872-180

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
Exceptional Items 0.520.290000
Interest 10.2313.928.238.442.623.85
Depreciation 1.534.713.113.256.962.57
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%

Valuation of Spartek Ceramics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

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
Debt +62.6873.4378.6281.0363.2465.55
Long Term Debt62.6873.4378.6281.0363.2465.55
Short Term Debt000000
Minority Interest000000
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

Net Fixed Assets +36.4034.6732.8629.9423.1320.92
Gross Block60.2563.2164.5064.6664.7865.09
Accumulated Depreciation23.8528.5331.6434.7241.6544.16
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 Assets 51.9958.2038.4540.2233.3538.96
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

Financial Ratio

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 Days77.2044.1087.4076.10100.3022.40
Inventory Days103.1052101.9099.90184.2079
Payable Days251.50132.90639.10567.201,118.50569.50

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Spartek Ceramics India Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Spartek Ceramics stood at ₹10.11 Cr

The latest P/E ratio of Spartek Ceramics as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Spartek Ceramics as of 31-Dec-1969 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.) .

Data is not available for this company.

No data found

No data found

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.

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