Exxaro Tiles Ltd - Stock Valuation and Financial Performance

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

Exxaro Tiles Share Price

91.24 3.43 3.91%
as on 21-Nov'24 16:59

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

Undervalued

3. Price Trend

Semi Strong

Exxaro Tiles stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
392.9 Cr.
52-wk low:
76
52-wk high:
128.5

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 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 Undervalued zone.

3. Is Exxaro Tiles Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Exxaro Tiles Ltd is likely to Rise-somewhat 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.8%15%12.9%11%9.3%11.3%13%11.6%5.6%4.7%-
Value Creation
Index
0.00.1-0.1-0.2-0.3-0.2-0.1-0.2-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 110128168220242241255325317302275
Sales YoY Gr.-16.5%31.4%30.6%10.3%-0.6%6%27.5%-2.5%-4.9%-
Adj EPS 3.23.63.72.62.53.14.64.11.50.4-0.6
YoY Gr.-12.7%2.5%-29.9%-3.5%27.1%45.5%-11.2%-62.8%-73.5%-
BVPS (₹) 16.62228.629.932.63640.559.661.361.960.9
Adj Net
Profit
8.211.3128.68.310.515.418.26.71.8-3
Cash Flow from Ops. 18.617.30.81.740.85.737.824.823.25.3-
Debt/CF from Ops. 3.83.4193.21083.930.54.32.34.118.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%4.5%5.7%-4.9%
Adj EPS -20.5%-30.5%-55.6%-73.5%
BVPS15.7%13.7%15.1%1%
Share Price - - -15.3% -26.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
25.419.714.38.77.99.21292.50.7-1
Op. Profit
Mgn %
1517.1191815.617.919.114.410.58.15.4
Net Profit
Mgn %
7.58.87.13.93.44.465.62.10.6-1
Debt to
Equity
1.60.81.61.81.51.41.20.20.30.40.1
Working Cap
Days
159154188246249286296246283329177
Cash Conv.
Cycle
84687513914017718116218120764

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.74%

Sales growth is not so good in last 4 quarters at -17.31%

Latest Financials - Exxaro Tiles Ltd.

Standalone Consolidated
TTM EPS (₹) -0.6 -0.7
TTM Sales (₹ Cr.) 275 275
BVPS (₹.) 60.9 60.8
Reserves (₹ Cr.) 228 227
P/BV 1.44 1.44
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 76.02 / 128.50
All Time Low / High (₹) 76.02 / 172.50
Market Cap (₹ Cr.) 393
Equity (₹ Cr.) 44.7
Face Value (₹) 10
Industry PE 42.2

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales110128168220242241255325317302
Operating Expenses 93106136180204198207278284277
Manufacturing Costs007659608488129127125
Material Costs81872970957184117111110
Employee Cost 351230292719242827
Other Costs 914182120161591815
Operating Profit 17223239384348473325
Operating Profit Margin (%) 15.0%17.1%18.9%18.0%15.6%17.8%19.0%14.4%10.5%8.1%
Other Income 1112234332
Interest 67121418202110914
Depreciation 2481214141414169
Exceptional Items 00000000-10
Profit Before Tax 81213158121726103
Tax 0016-112831
Profit After Tax 811129911151872
PAT Margin (%) 7.5%8.8%7.3%4.2%3.7%4.7%6.0%5.6%2.3%0.8%
Adjusted EPS (₹)3.23.63.72.72.73.44.54.11.60.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 437197100109121136267274277
Share Capital 26333634343434454545
Reserves 173861677687102222229232
Minority Interest0000000000
Debt6554150157143162143579190
Long Term Debt4940117107888670222921
Short Term Debt16143350557673356269
Trade Payables15215252587051587791
Others Liabilities 17264160463439242529
Total Liabilities 139172340369357387369405468486

Fixed Assets

Gross Block8691223230233234235240304309
Accumulated Depreciation1014223448637690105115
Net Fixed Assets7776200196185172159150198194
CWIP 02300000000
Investments 00000110101
Inventories2220608979105104114132155
Trade Receivables27346169839690101110117
Cash Equivalents 1057104451933
Others Assets413124589201416
Total Assets 139172340369357387369405468486

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1917124163825235
PBT 81213158121726103
Adjustment 991526323435222422
Changes in Working Capital 2-4-27-362-39-12-17-8-19
Tax Paid 000-4-1-2-3-7-30
Cash Flow From Investing Activity -6-27-109-14-5-2-2-9-676
Capex -7-27-109-14-9-1-2-4-64-5
Net Investments 00000-101-109
Others 0000400-671
Cash Flow From Financing Activity -5510916-38-4-34-128-11
Net Proceeds from Shares 141714700013400
Net Proceeds from Borrowing 0001-26-5-16-447-8
Interest Paid -5-5-7-14-18-20-21-10-9-14
Dividend Paid 0000000000
Others -13-7103215203-813011
Net Cash Flow 7-513-2-1214-160
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)25.4419.9815.029.398.59.7811.868.992.70.83
ROCE (%)13.7614.9712.8811.029.3111.3312.9811.645.624.7
Asset Turnover Ratio0.910.920.760.620.670.650.670.840.730.63
PAT to CFO Conversion(x)2.381.550.080.224.560.552.531.393.292.5
Working Capital Days
Receivable Days697889108115136133107122137
Inventory Days775475124127140150123142174
Payable Days7275454271210326261170221279

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 21-Nov-2024 16:59 is ₹91.24.
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 21-Nov-2024 16:59 the market cap of Exxaro Tiles stood at ₹392.9.
The latest P/E ratio of Exxaro Tiles as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Exxaro Tiles as of 21-Nov-2024 16:59 is 1.44.
The 52-week high of Exxaro Tiles is ₹128.5 and the 52-week low is ₹76.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exxaro Tiles is ₹274.6 ( 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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