Manoj Ceramic Ltd - Stock Valuation and Financial Performance

BSE: 544073 | NSE: | Trading | Small Cap

Manoj Ceramic Share Price

129.05 -10.35 -7.42%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on Manoj Ceramic

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

1. Quality

2. Valuation

Fair

3. Price Trend

Manoj Ceramic stock performance -

mw4me loader
P/E Ratio (SA):
29.67
Market Cap:
107.6 Cr.
52-wk low:
73.1
52-wk high:
160

Is Manoj Ceramic Ltd an attractive stock to invest in?

1. Is Manoj Ceramic Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Manoj Ceramic Ltd is a below average quality company.

2. Is Manoj Ceramic Ltd undervalued or overvalued?

The key valuation ratios of Manoj Ceramic Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Manoj Ceramic Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Manoj Ceramic 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 Manoj Ceramic:

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.
Manoj Ceramic Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23TTM
ROCE % 7.8%8.6%13%-
Value Creation
Index
-0.5-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 35.643.173.574
Sales YoY Gr.-21.3%70.4%-
Adj EPS 0.21.764.4
YoY Gr.-595.8%260.5%-
BVPS (₹) 10.111.617.735.5
Adj Net
Profit
0.113.64
Cash Flow from Ops. 0.66.7-11.9-
Debt/CF from Ops. 64.55.2-4.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA70.4%
Adj EPS NANANA260.5%
BVPSNANANA51.9%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.711.13216.4
Op. Profit
Mgn %
11.79.411.7NAN
Net Profit
Mgn %
0.42.34.94.9
Debt to
Equity
4.63.73.9-
Working Cap
Days
04683260
Cash Conv.
Cycle
01991560

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.40%

Debt to equity has declined versus last 3 years average to 3.86

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Manoj Ceramic Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 -
TTM Sales (₹ Cr.) 73.5 -
BVPS (₹.) 35.5 -
Reserves (₹ Cr.) 21 -
P/BV 3.64 -
PE 29.67 -
From the Market
52 Week Low / High (₹) 73.10 / 160.00
All Time Low / High (₹) 73.10 / 160.00
Market Cap (₹ Cr.) 108
Equity (₹ Cr.) 8.3
Face Value (₹) 10
Industry PE 77.6

Management X-Ray of Manoj Ceramic:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Manoj Ceramic

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales364374
Operating Expenses 323965
Manufacturing Costs221
Material Costs222959
Employee Cost 332
Other Costs 453
Operating Profit 449
Operating Profit Margin (%) 11.3%9.1%11.7%
Other Income 221
Interest 545
Depreciation 000
Exceptional Items 000
Profit Before Tax 015
Tax 001
Profit After Tax 014
PAT Margin (%) 0.2%2.2%4.9%
Adjusted EPS (₹)0.11.66.0
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9913
Share Capital 444
Reserves 559
Minority Interest000
Debt373246
Long Term Debt241424
Short Term Debt131722
Trade Payables111112
Others Liabilities 467
Total Liabilities 615878

Fixed Assets

Gross Block433
Accumulated Depreciation223
Net Fixed Assets111
CWIP 000
Investments 100
Inventories252823
Trade Receivables10933
Cash Equivalents 321
Others Assets191920
Total Assets 615878

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 17-12
PBT 015
Adjustment 655
Changes in Working Capital -51-21
Tax Paid 00-2
Cash Flow From Investing Activity -110
Capex 000
Net Investments -110
Others 000
Cash Flow From Financing Activity 1-911
Net Proceeds from Shares 000
Net Proceeds from Borrowing 6-416
Interest Paid -5-4-5
Dividend Paid 000
Others 000
Net Cash Flow 1-1-1
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)1.3714.5341.24
ROCE (%)11.2311.9118.09
Asset Turnover Ratio0.590.731.08
PAT to CFO Conversion(x)N/A7-3
Working Capital Days
Receivable Days10781104
Inventory Days261226125
Payable Days18714272

Manoj Ceramic Ltd Stock News

Manoj Ceramic Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Manoj Ceramic on 26-Apr-2024 16:01 is ₹129.1.
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 26-Apr-2024 16:01 the market cap of Manoj Ceramic stood at ₹107.5.
The latest P/E ratio of Manoj Ceramic as of 26-Apr-2024 16:01 is 29.67.
The latest P/B ratio of Manoj Ceramic as of 26-Apr-2024 16:01 is 3.64.
The 52-week high of Manoj Ceramic is ₹160.0 and the 52-week low is ₹73.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manoj Ceramic is ₹73.51 ( Cr.) .

About Manoj Ceramic Ltd

Manoj Ceramic was originally incorporated as ‘Manoj and Company Trading Private Limited’ under the provision of Companies Act, 1956 vide certificate of Incorporation dated December 12, 2006 issued by the Registrar of Companies, Maharashtra. Thereafter, the name of the Company was changed from ‘Manoj and Company Trading Private Limited’ to ‘Manoj Ceramic Private Limited’ vide special resolution passed by the members at the Extra-ordinary General Meeting held on October 13, 2018. Subsequently, the Company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on January 02, 2019 and consequently the name of the company was changed to ‘Manoj Ceramic Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai dated January 22, 2019.

‘Manoj Ceramic (MCL) is into the business of trading of ceramic tiles and Tiles Adhesive under their own brand ‘MCPL’ through dealer network, Retail showroom, wholesale as BTB and export. MCL is in to the business since 1991 in the names and styles of ‘Manoj and Company’, ‘Manoj And Company Trading’, ‘Manoj Ceramic’ in the beginning of the year 2019, the company transitioned from a private limited into a public limited company under the name and style ‘Manoj Ceramic’, as certified vide certificate of incorporation dated January 22, 2019.

In the Company, it specializes in two products: Ceramic Tiles and Tile Adhesive. Its range of Ceramic Tiles offers a captivating designs, colors and sizes, for transforming any space into a work of art. Additionally, its Tile Adhesive guarantees a strong bond, ensuring a seamless and lasting installation for its valued customers. In ceramic tiles, it engages with the manufacturer and based on its experience and customer feedback it finalizes the designs with the manufacture and accordingly they supply the finished goods to it which it sales further through its dealer network, Retail showroom, Export and B2B sale to various end user like architect, builders and contractors. 

In this it supplies Tiles Adhesive in its brand name ‘MCPL’ to end user through its distributor network which is in Maharashtra. It orders the material to the manufacturer which he supplies in Bags with its Brand Name ‘MCPL’. Distributor place order with it and accordingly it supply the same to its distributor who in turn sale to end user. In addition to sale through its distribution network it also sales it in its B2B network i.e. Architect, Builders and Contractors whom it supplies directly.

Business area of the company

The company has been actively engaged in the trading of Ceramic Tiles and Tiles Adhesive under its own brand ‘MCPL’. It has established a dealer network, retail showrooms and wholesalers to cater to its customers’ needs. Additionally, it has also expanded its business to include B2B transactions and export activities.

Products of the company 

  • Ceramic tiles
  • Tile adhesive

History and milestones 

  • 2019: Conversion from Private to Public Company.

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