BSE: 520113 | NSE: VESUVIUS | Refractories | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Vesuvius India Ltd is a good quality company.
The key valuation ratios of Vesuvius India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vesuvius India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 21.6% | 24.1% | 25.3% | 23.4% | 20.5% | 16.1% | 8.8% | 10.7% | 16.7% | 26.3% | - |
| Value Creation Index ⓘ | 0.5 | 0.7 | 0.8 | 0.7 | 0.5 | 0.2 | -0.4 | -0.2 | 0.2 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 652 | 700 | 822 | 911 | 925 | 887 | 792 | 1,047 | 1,343 | 1,603 | 1,771 |
| Sales YoY Gr. | - | 7.3% | 17.4% | 10.9% | 1.5% | -4.1% | -10.8% | 32.3% | 28.2% | 19.4% | - |
| Adj EPS ⓘ | 29.7 | 36.6 | 44.2 | 48.8 | 46.7 | 42.4 | 26.7 | 33.8 | 58.6 | 105.2 | 128.9 |
| YoY Gr. | - | 23.2% | 21% | 10.3% | -4.3% | -9.2% | -37.2% | 26.9% | 73.4% | 79.5% | - |
| BVPS (₹) ⓘ | 216.4 | 244.8 | 286.6 | 325.6 | 363.4 | 396.3 | 414.7 | 441.5 | 491.5 | 588 | 675.9 |
| Adj Net Profit ⓘ | 60.2 | 74.2 | 89.8 | 99.1 | 94.8 | 86.1 | 54.1 | 68.6 | 119 | 214 | 262 |
| Cash Flow from Ops. ⓘ | 64.5 | 54 | 50.2 | 191 | 94.6 | 74.3 | 102 | 26.7 | 128 | 82.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.5% | 11.6% | 26.5% | 19.4% | ||||
| Adj EPS ⓘ | 15.1% | 17.6% | 58.1% | 79.5% | ||||
| BVPSⓘ | 11.7% | 10.1% | 12.3% | 19.6% | ||||
| Share Price | 22.3% | 36.4% | 65.3% | 41.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.4 | 15.9 | 16.7 | 15.9 | 13.6 | 11.2 | 6.6 | 7.9 | 12.6 | 19.5 | 20.4 |
| Op. Profit Mgn % ⓘ | 15.6 | 18.1 | 18.6 | 18.5 | 16.4 | 13.8 | 9.9 | 9.7 | 12.5 | 18.1 | 19.5 |
| Net Profit Mgn % ⓘ | 9.2 | 10.6 | 10.9 | 10.9 | 10.3 | 9.7 | 6.8 | 6.6 | 8.9 | 13.3 | 14.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 247 | 239 | 263 | 288 | 306 | 337 | 390 | 231 | 212 | 277 | 116 |
| Cash Conv. Cycle ⓘ | 72 | 71 | 74 | 62 | 54 | 58 | 58 | 42 | 32 | 38 | 79 |
Return on Equity has increased versus last 3 years average to 20.40%
Sales growth is growing at healthy rate in last 3 years 26.52%
Net Profit is growing at healthy rate in last 3 years 58.05%
Sales growth is good in last 4 quarters at 16.49%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 128.9 | - |
| TTM Sales (₹ Cr.) | 1,771 | - |
| BVPS (₹.) ⓘ | 675.9 | - |
| Reserves (₹ Cr.) ⓘ | 1,351 | - |
| P/BV ⓘ | 7.88 | - |
| PE ⓘ | 41.32 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2815.05 / 6000.00 |
| All Time Low / High (₹) | 30.05 / 6000.00 |
| Market Cap (₹ Cr.) | 10,811 |
| Equity (₹ Cr.) | 20.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 40.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 652 | 700 | 822 | 911 | 925 | 887 | 792 | 1,047 | 1,343 | 1,603 |
| Operating Expenses ⓘ | 553 | 576 | 671 | 749 | 780 | 768 | 716 | 949 | 1,181 | 1,317 |
| Manufacturing Costs | 103 | 108 | 131 | 148 | 139 | 138 | 130 | 178 | 193 | 229 |
| Material Costs | 377 | 388 | 449 | 501 | 535 | 511 | 469 | 628 | 805 | 893 |
| Employee Cost | 43 | 46 | 54 | 56 | 58 | 66 | 65 | 79 | 90 | 108 |
| Other Costs ⓘ | 29 | 34 | 38 | 44 | 47 | 53 | 52 | 64 | 93 | 87 |
| Operating Profit ⓘ | 100 | 123 | 150 | 162 | 145 | 119 | 75 | 99 | 161 | 286 |
| Operating Profit Margin (%) | 15.3% | 17.6% | 18.3% | 17.8% | 15.7% | 13.4% | 9.5% | 9.4% | 12.0% | 17.9% |
| Other Income ⓘ | 10 | 13 | 14 | 18 | 26 | 32 | 23 | 21 | 26 | 37 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 19 | 23 | 27 | 30 | 28 | 27 | 26 | 27 | 30 | 36 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 90 | 112 | 136 | 145 | 142 | 123 | 72 | 92 | 157 | 285 |
| Tax ⓘ | 31 | 39 | 47 | 50 | 50 | 38 | 19 | 24 | 40 | 72 |
| Profit After Tax | 59 | 74 | 89 | 94 | 93 | 86 | 53 | 68 | 117 | 213 |
| PAT Margin (%) | 9.1% | 10.5% | 10.8% | 10.4% | 10.0% | 9.6% | 6.7% | 6.5% | 8.7% | 13.3% |
| Adjusted EPS (₹) | 29.2 | 36.3 | 43.8 | 46.5 | 45.6 | 42.1 | 26.1 | 33.5 | 57.5 | 104.9 |
| Dividend Payout Ratio (%) | 24% | 17% | 15% | 15% | 15% | 21% | 27% | 24% | 14% | 12% |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 439 | 497 | 582 | 661 | 738 | 804 | 842 | 896 | 998 | 1,194 |
| Share Capital ⓘ | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves ⓘ | 419 | 477 | 562 | 641 | 717 | 784 | 822 | 876 | 977 | 1,173 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 90 | 103 | 120 | 153 | 143 | 124 | 157 | 223 | 246 | 288 |
| Others Liabilities ⓘ | 230 | 260 | 384 | 435 | 486 | 531 | 552 | 53 | 640 | 732 |
| Total Liabilities ⓘ | 759 | 860 | 1,087 | 1,249 | 1,367 | 1,460 | 1,551 | 1,172 | 1,884 | 2,214 |
Fixed Assets | ||||||||||
| Gross Block | 275 | 296 | 152 | 170 | 188 | 218 | 236 | 256 | 355 | 511 |
| Accumulated Depreciation | 142 | 165 | 27 | 57 | 67 | 94 | 117 | 141 | 161 | 195 |
| Net Fixed Assetsⓘ | 132 | 131 | 124 | 113 | 121 | 124 | 120 | 116 | 194 | 316 |
| CWIP ⓘ | 20 | 14 | 16 | 38 | 26 | 28 | 21 | 27 | 38 | 86 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 72 | 73 | 94 | 95 | 123 | 108 | 117 | 213 | 204 | 256 |
| Trade Receivables | 187 | 227 | 268 | 220 | 181 | 188 | 163 | 164 | 209 | 323 |
Cash Equivalents  ⓘ
| 143 | 173 | 199 | 346 | 419 | 468 | 559 | 554 | 568 | 465 |
| Others Assetsⓘ | 206 | 242 | 385 | 437 | 496 | 544 | 571 | 98 | 670 | 768 |
| Total Assets ⓘ | 759 | 860 | 1,087 | 1,249 | 1,367 | 1,460 | 1,551 | 1,172 | 1,884 | 2,214 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 65 | 54 | 50 | 191 | 95 | 74 | 102 | 27 | 128 | 82 |
| PBT ⓘ | 90 | 112 | 136 | 145 | 142 | 123 | 72 | 92 | 157 | 285 |
| Adjustment ⓘ | 12 | 15 | 16 | 18 | 6 | 9 | 7 | 12 | 16 | 5 |
| Changes in Working Capital ⓘ | -4 | -33 | -50 | 85 | -1 | -19 | 44 | -49 | 5 | -140 |
| Tax Paid ⓘ | -34 | -40 | -52 | -57 | -52 | -39 | -20 | -27 | -50 | -68 |
| Cash Flow From Investing Activity ⓘ | -28 | -21 | 21 | 2 | -310 | 297 | -503 | -39 | -6 | -37 |
| Capex | -22 | -18 | -21 | -40 | -24 | -31 | -15 | -32 | -113 | -200 |
| Net Investments | -14 | -12 | 30 | 30 | -305 | 305 | -506 | -21 | 92 | 131 |
| Others ⓘ | 8 | 9 | 12 | 11 | 20 | 23 | 18 | 14 | 15 | 32 |
| Cash Flow From Financing Activityⓘ | -14 | -15 | -15 | -16 | -17 | -17 | -14 | -14 | -16 | -18 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -12 | -12 | -13 | -13 | -14 | -14 | -14 | -14 | -16 | -17 |
| Others ⓘ | -2 | -2 | -3 | -3 | -3 | -3 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 23 | 18 | 56 | 177 | -231 | 354 | -415 | -26 | 106 | 28 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.15 | 15.72 | 16.48 | 15.2 | 13.23 | 11.09 | 6.44 | 7.83 | 12.33 | 19.43 |
| ROCE (%) | 21.62 | 24.11 | 25.34 | 23.42 | 20.47 | 16.09 | 8.77 | 10.65 | 16.66 | 26.25 |
| Asset Turnover Ratio | 0.95 | 0.95 | 0.92 | 0.81 | 0.71 | 0.63 | 0.53 | 0.77 | 0.88 | 0.78 |
| PAT to CFO Conversion(x) | 1.1 | 0.73 | 0.56 | 2.03 | 1.02 | 0.86 | 1.92 | 0.4 | 1.09 | 0.38 | Working Capital Days |
| Receivable Days | 94 | 98 | 101 | 94 | 79 | 76 | 81 | 57 | 51 | 61 |
| Inventory Days | 33 | 34 | 34 | 36 | 43 | 47 | 52 | 58 | 57 | 52 |
| Payable Days | 80 | 91 | 91 | 100 | 101 | 96 | 110 | 111 | 106 | 109 |
Vesuvius, established in 1916 as Vesuvius Crucible, is a world leader in the design, engineering, manufacture and delivery of refractory products, systems and services for high-technology industrial applications.
Vesuvius was the originator of the technologies and processes it continues to deploy today. The depth and breadth of expertise acquired over the years by our engineers, in ceramics, metallurgy and metal coating, enables them to interact as peers with their customers on all continents to define value-creating solutions, monitor their implementation and ensure their reliability over time. These solutions incorporate products developed by R&D engineers in 7 Vesuvius Research Centres worldwide.
With the integration of Foseco in April 2008, Vesuvius is now present in 30 countries on 5 continents, with 80 manufacturing units, 7 R&D centres and numerous sales agencies, together employing over 12,000 people.
Foseco has been associated with the metals Industry for over 75 years and today is acknowledged as a world leader in the supply of consumable products for use in the foundry industry with a presence in 32 countries and major facilities in Germany, USA, UK, Brazil, China, India, South Korea and Japan.
The company was founded by Eric Weiss in 1932 and quickly became established as a supplier to the Foundry Industry, from where the name FOundry SErvice COmpany was derived. In April 2008, Foseco was acquired by Cookson Group plc and is now part of Vesuvius.
Different divisions of the company:
Iron & Steel Division VESUVIUS' STEEL DIVISION provides customers with a full range of products and systems for the continuous casting of steel.
VESUVIUS' product range includes:
FOUNDRY
VESUVIUS' Foundry Division supplies ferrous and non-ferrous foundries as well as investment casting, with a wide range of refractories. Key products include monolithic and brick linings for furnaces, flow control products, crucibles used to melt and transfer molten metals, temperature measurement systems, dosing accessories, degassing products and ceramic filters which reduce flaws and control turbulent flow during mould filling.
GLASS
VESUVIUS supplies a wide range of special refractories for the Glass industry. Key products supplied by VESUVIUS to the glass industry include refractories used in both glass production and glass transformation installations.
SOLAR
A key component for the mass production of multi crystal Solar Grade Silicon ingots is the availability of large ceramic crucibles in which ingots are manufactured.
Almost two decades ago, VESUVIUS has developed a unique process to produce these complex ceramic parts on a commercial scale.
MINERAL PROCESSING
VESUVIUS has a long experience of the supply of refractories to all areas of the cement production process, and to other rotary kiln based minerals processing applications.
HPI & POWER
Vesuvius is a World Class supplier to the Hydrocarbon Processing and Power Generation Markets. Our Superior Abrasion and Erosion Resistant Castables, Plastic Refractories, Brick and Gun mixes are used extensively in all process units in these industries. We also possess a full service Engineering and R&D department to stay on the cutting edge of technology and offer state of the art refractory products.
Milestones:
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