Exxaro Tiles Ltd - Stock Valuation and Financial Performance

BSE: 543327 | NSE: EXXARO | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Exxaro Tiles Share Price

84.35 1.05 1.26%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Exxaro Tiles

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Exxaro Tiles stock performance -

mw4me loader
P/E Ratio (SA):
171.00
Market Cap:
377.4 Cr.
52-wk low:
83
52-wk high:
152

Is Exxaro Tiles Ltd an attractive stock to invest in?

1. Is Exxaro Tiles Ltd a good quality company?

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

2. Is Exxaro Tiles Ltd undervalued or overvalued?

The key valuation ratios of Exxaro Tiles Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Exxaro Tiles Ltd a good buy now?

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

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.
Exxaro Tiles 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.5%11.7%13.1%10.6%6.9%7.6%8.7%10.2%8.1%3.8%-
Value Creation
Index
-1.1-0.2-0.1-0.3-0.5-0.5-0.4-0.3-0.4-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 62.1110128168220242241255325317316
Sales YoY Gr.-76.9%16.5%31.4%30.6%10.3%-0.6%6%27.5%-2.5%-
Adj EPS -3.13.23.63.72.62.53.14.64.11.50.5
YoY Gr.-NA12.7%2.5%-29.9%-3.5%27.1%45.5%-11.2%-62.8%-
BVPS (₹) 11.916.62228.629.932.63640.559.661.361.5
Adj Net
Profit
-5.58.211.3128.68.310.515.418.26.72
Cash Flow from Ops. -19.218.617.30.81.740.85.737.824.823.2-
Debt/CF from Ops. -4.23.83.4193.21083.930.54.32.34.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.9%7.6%9.6%-2.5%
Adj EPS NA-10%-21.7%-62.8%
BVPS20%15.4%19.4%2.7%
Share Price - - - -17.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-25.925.419.714.38.77.99.21292.50.8
Op. Profit
Mgn %
10.91517.1191815.617.919.114.410.58.4
Net Profit
Mgn %
-8.97.58.87.13.93.44.465.62.10.7
Debt to
Equity
3.81.60.81.61.81.51.41.20.20.3-
Working Cap
Days
0159154188246249286296246283140
Cash Conv.
Cycle
084687513914017718116218151

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.34

Return on Equity has declined versus last 3 years average to 0.80%

Sales growth has been subdued in last 3 years 9.62%

Net Profit has been subdued in last 3 years -21.65%

Sales growth is not so good in last 4 quarters at -0.42%

Latest Financials - Exxaro Tiles Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.5
TTM Sales (₹ Cr.) 316 316
BVPS (₹.) 61.5 61.5
Reserves (₹ Cr.) 230 230
P/BV 1.37 1.37
PE 171.00 175.45
From the Market
52 Week Low / High (₹) 83.00 / 152.00
All Time Low / High (₹) 83.00 / 172.50
Market Cap (₹ Cr.) 377
Equity (₹ Cr.) 44.7
Face Value (₹) 10
Industry PE 41.4

Management X-Ray of Exxaro Tiles:

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 Exxaro Tiles

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
Sales62110128168220242241255325317
Operating Expenses 5593106136180204198207278284
Manufacturing Costs0007659608488129127
Material Costs4781872970957184117111
Employee Cost 33512302927192428
Other Costs 69141821201615918
Operating Profit 7172232393843484733
Operating Profit Margin (%) 10.9%15.0%17.1%18.9%18.0%15.6%17.8%19.0%14.4%10.5%
Other Income 0111223433
Interest 6671214182021109
Depreciation 7248121414141416
Exceptional Items 000000000-1
Profit Before Tax -68121315812172610
Tax 00016-11283
Profit After Tax -681112991115187
PAT Margin (%) -8.9%7.5%8.8%7.3%4.2%3.7%4.7%6.0%5.6%2.3%
Adjusted EPS (₹)-3.13.23.63.72.72.73.44.54.11.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 21437197100109121136267274
Share Capital 18263336343434344545
Reserves 3173861677687102222229
Minority Interest0000000000
Debt7765541501571431621435791
Long Term Debt5849401171078886702229
Short Term Debt19161433505576733562
Trade Payables17152152525870515877
Others Liabilities 12172641604634392425
Total Liabilities 127139172340369357387369405468

Fixed Assets

Gross Block808691223230233234235240304
Accumulated Depreciation71014223448637690105
Net Fixed Assets727776200196185172159150198
CWIP 00230000000
Investments 00000011010
Inventories292220608979105104114132
Trade Receivables1927346169839690101110
Cash Equivalents 2105710445193
Others Assets54131245892014
Total Assets 127139172340369357387369405468

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -19191712416382523
PBT -68121315812172610
Adjustment 139915263234352224
Changes in Working Capital -262-4-27-362-39-12-17-8
Tax Paid 0000-4-1-2-3-7-3
Cash Flow From Investing Activity -8-6-27-109-14-5-2-2-9-67
Capex -8-7-27-109-14-9-1-2-4-64
Net Investments 000000-101-10
Others 00000400-67
Cash Flow From Financing Activity 25-5510916-38-4-34-128
Net Proceeds from Shares 114171470001340
Net Proceeds from Borrowing 00001-26-5-16-447
Interest Paid -6-5-5-7-14-18-20-21-10-9
Dividend Paid 0000000000
Others 29-13-7103215203-8130
Net Cash Flow -27-513-2-1214-16
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-25.9425.4419.9815.029.398.59.7811.868.992.7
ROCE (%)0.2413.7614.9712.8811.029.3111.3312.9811.645.62
Asset Turnover Ratio0.540.910.920.760.620.670.650.670.840.73
PAT to CFO Conversion(x)N/A2.381.550.080.224.560.552.531.393.29
Working Capital Days
Receivable Days99697889108115136133107122
Inventory Days154775475124127140150123142
Payable Days1357275454271210326261170221

Exxaro Tiles Ltd Stock News

Exxaro Tiles Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Exxaro Tiles on 28-Mar-2024 16:01 is ₹84.35.
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 Exxaro Tiles stood at ₹377.4.
The latest P/E ratio of Exxaro Tiles as of 28-Mar-2024 16:01 is 171.0.
The latest P/B ratio of Exxaro Tiles as of 28-Mar-2024 16:01 is 1.37.
The 52-week high of Exxaro Tiles is ₹152.0 and the 52-week low is ₹83.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exxaro Tiles is ₹315.7 ( Cr.) .

About Exxaro Tiles Ltd

Exxaro Tiles is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. It commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and has over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. Its well-known brand series include Topaz Series, Galaxy Series, High Gloss Series, etc. It focus its research and development efforts on developing products which are innovative and in line with the trends. Some of its key product development highlights include: 1) 3D Effect in Double Charge Vitrified Tiles 2) Replica of Natural Stones in Double Charge Vitrified Tiles 3) High transparent glaze in weight method for glazed vitrified tiles. Further it also supply wall tiles to certain of its dealers wherein it get the products manufactured on outsourced basis. Its integrated model has allowed it to develop insights across the entire value chain right from product design, process development, and manufacturing to marketing.

Business area of the company

Its business operations are broadly divided into two product categories:

  • Double Charg Vitrified Tiles: Double chaerge vitrified tiles are tiles that are fed through a press which prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles. This process does not permit complex patterns but results in a long-wearing tile surface, suitable for heavy traffic commercial projects.
  • Glazed Vitrified Tiles: Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz and other additives and fired at high temperatures to ensure high strength and low water absorption. These tiles are coated with glaze materials prior to the firing process.

Awards

  • 2015: Won ‘Best Display Award’ at Décor India Show and Won ‘Best Stall’ at Buildtech 2015.

Major events and milestone

  • 2008: Incorporation of the Company pursuant to the conversion of a partnership firm, Ricasil Ceramic Industries, into a joint stock company under Part IX of the Companies Act, 1956.
  • 2012: Commenced the setting up of a new project to manufacture double charged vitrified tiles at Mahuvad Turning, P.O. - Dabhasa, Taluka - Padra, Vadodara with a projected installed capacity of 3,600,000 square meter per annum.
  • 2013: Commenced trial production in respect of the new project at Mahuvad Turning, P.O. - Dabhasa, Taluka – Padra, Vadodara within the estimated time lines and projected cost having projected installed capacity of 3,600,000 square meter per annum.
  • 2015: Commenced the setting up of a new project at Mahelav, P.O. - Montesary, Vavdi - Harsol Road, Taluka - Talod, District - Sabarkantha with a projected installed capacity in respect of glazed vitrified tiles and double charged vitrified tiles of 9,600,000 square meter per annum.
  • 2016: Successfully completed the setting up of the new project and commenced commercial production at Mahelav, P.O. - Montesary, Vavdi - Harsol Road, Taluka - Talod, District - Sabarkantha having installed capacity in respect of glazed vitrified tiles and double charged vitrified tiles of 9,600,000 square meter per annum within the estimated time lines and projected cost.
  • 2016: Obtained approval of the brand name of ‘Exxaro Tiles for double charged vitrified tiles’ to be used for various health care structures vide letter dated April 27, 2016 issued by Chief Engineer, Commissionerate of Health, Project Implementation Unit, Gandhinagar.
  • 2020: Conversion of Company from ‘Private Limited’ to ‘Public Limited’.
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