Exxaro Tiles Ltd Share Price

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’.