Murudeshwar Ceramics Ltd - Stock Valuation and Financial Performance

BSE: 515037 | NSE: MURUDCERA | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Murudeshwar Ceramics Share Price

50.71 0.66 1.32%
as on 01-Nov'24 18:59

DeciZen - make an informed investing decision on Murudeshwar Ceramics

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Murudeshwar Ceramics stock performance -

mw4me loader
P/E Ratio (SA):
52.46
Market Cap:
310.8 Cr.
52-wk low:
38.3
52-wk high:
70.9

Is Murudeshwar Ceramics Ltd an attractive stock to invest in?

1. Is Murudeshwar Ceramics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Murudeshwar Ceramics Ltd is a average quality company.

2. Is Murudeshwar Ceramics Ltd undervalued or overvalued?

The key valuation ratios of Murudeshwar Ceramics Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Murudeshwar Ceramics Ltd a good buy now?

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

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.
Murudeshwar Ceramics 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 % 5.5%5.1%4.6%5.6%5%4.6%0%4.1%4.7%4.8%-
Value Creation
Index
-0.6-0.6-0.7-0.6-0.6-0.7NA-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13811510511912610380.5123172186192
Sales YoY Gr.--16.7%-8.5%13.4%5.4%-18%-22%52.7%40.3%8.1%-
Adj EPS 0.40.40.31.110.4-2.30.41.10.91
YoY Gr.--11.9%-18.9%260%-10.2%-63.9%-748.6%NA225.7%-25.4%-
BVPS (₹) 75.877.175.470.97070.363.261.560.660.260.6
Adj Net
Profit
1.71.51.34.94.61.7-11.926.65.16
Cash Flow from Ops. 35.645.822.84.914.647.50.523.642.430.9-
Debt/CF from Ops. 3.12.34.4216.31.6169.83.42.83.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.4%8.2%32.3%8.1%
Adj EPS 8.2%-2.6%NA-25.4%
BVPS-2.5%-3%-1.6%-0.5%
Share Price 8.3% 26.8% 25.6% -19.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0.60.50.41.51.40.5-3.60.61.91.41.6
Op. Profit
Mgn %
22.523.72526.522.820.111.321.217.916.416
Net Profit
Mgn %
1.21.31.24.13.71.6-14.81.63.82.83.1
Debt to
Equity
0.40.30.30.30.30.20.30.20.30.3-
Working Cap
Days
424490522481477575719469329300153
Cash Conv.
Cycle
34037337436137243254334823421236

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.60%

Sales growth is growing at healthy rate in last 3 years 32.28%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 9.06%

Latest Financials - Murudeshwar Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 1 1
TTM Sales (₹ Cr.) 192 192
BVPS (₹.) 60.6 60.7
Reserves (₹ Cr.) 306 307
P/BV 0.85 0.85
PE 52.46 50.80
From the Market
52 Week Low / High (₹) 38.30 / 70.90
All Time Low / High (₹) 3.15 / 119.07
Market Cap (₹ Cr.) 311
Equity (₹ Cr.) 60.6
Face Value (₹) 10
Industry PE 44.1

Management X-Ray of Murudeshwar Ceramics:

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 Murudeshwar Ceramics

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
Sales13811510511912610380123172186
Operating Expenses 10788798897827297142156
Manufacturing Costs31312831251419355868
Material Costs47272429474629314040
Employee Cost 13151416131212152527
Other Costs 16141312111011161821
Operating Profit 3127263229219263130
Operating Profit Margin (%) 22.4%23.7%25.0%26.5%22.8%20.1%11.1%21.1%17.9%16.1%
Other Income 2111291114
Interest 21201719161616131311
Depreciation 978991010101112
Exceptional Items 0000000000
Profit Before Tax 222553-164711
Tax 001002-4216
Profit After Tax 221552-12275
PAT Margin (%) 1.2%1.4%1.3%4.1%3.8%1.7%-14.8%1.7%3.8%2.8%
Adjusted EPS (₹)0.40.40.31.11.00.4-2.30.41.10.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%44%59%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 310315324320333334331338349365
Share Capital 41414345484852555861
Reserves 269274281275285287278283292304
Minority Interest0000000000
Debt109103273293778381118107
Long Term Debt3226273223815165442
Short Term Debt777700707068656465
Trade Payables23242120152419192825
Others Liabilities 1525105103333739374551
Total Liabilities 456467477475474473472475540548

Fixed Assets

Gross Block553560317319324341340351362438
Accumulated Depreciation276283817263545556678
Net Fixed Assets278278309302298306296296295360
CWIP 0192512867810
Investments 4444446999
Inventories102103104112101100104112118116
Trade Receivables50333133464132221616
Cash Equivalents 57643336214
Others Assets17222317211624232121
Total Assets 456467477475474473472475540548

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 364623515470244231
PBT 222552-124711
Adjustment 24191820212220192011
Changes in Working Capital 10262-21-1223-721710
Tax Paid -1-111000-1-1-2
Cash Flow From Investing Activity -4-25-20-4-1-18-6-13-81-5
Capex -6-26-21-5-2-19-7-8-82-9
Net Investments 0000000-500
Others 1111111114
Cash Flow From Financing Activity -32-19-4-3-15-295-835-13
Net Proceeds from Shares 00776011489
Net Proceeds from Borrowing -15-515-6-157139-13
Interest Paid -16-14-12-12-13-14-11-10-10-9
Dividend Paid 000000000-3
Others -1-10-3-20-1-3-12
Net Cash Flow -12-1-2-1003-413
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)0.560.50.411.531.470.52-3.570.641.921.44
ROCE (%)5.465.144.575.585.034.6104.074.654.78
Asset Turnover Ratio0.320.260.230.250.270.220.170.260.340.34
PAT to CFO Conversion(x)1823231323.5N/A1266.2
Working Capital Days
Receivable Days10812410696114154165804132
Inventory Days274307342325309355463322244229
Payable Days89186250208101127225183187220

Murudeshwar Ceramics Ltd Stock News

Murudeshwar Ceramics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Murudeshwar Ceramics on 01-Nov-2024 18:59 is ₹50.71.
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 01-Nov-2024 18:59 the market cap of Murudeshwar Ceramics stood at ₹310.8.
The latest P/E ratio of Murudeshwar Ceramics as of 01-Nov-2024 18:59 is 52.46.
The latest P/B ratio of Murudeshwar Ceramics as of 01-Nov-2024 18:59 is 0.85.
The 52-week high of Murudeshwar Ceramics is ₹70.90 and the 52-week low is ₹38.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Murudeshwar Ceramics is ₹191.9 ( Cr.) .

About Murudeshwar Ceramics Ltd

Murudeshwar Ceramics was incorporated on June 29, 1983. The company is a manufacturer of ceramic glazed floor tiles. The company was promoted by R N Shetty and his associates and Karnataka State Industrial Investment & Development Corporation (KSIIDC) in the joint sector.

In the year 1983, the company entered into a technical and financial collaboration agreement with Klingenberg Dekoramik, GmbH, W Germany for technical know-how, ceramic technical documentation, assistance in machinery selection, establishing production and training Indian technicians in Germany.

In the year 1992, the company introduced Plaza, Galaxy and Symphony series of ceramic tiles which were well received in the market. Also, tiles in sizes viz. 25cm x 20cm and 20cm x 15cm were introduced.

The company manufactures glazed ceramic floor tiles, vitrified porcelain and natural granite slabs. The company markets its products under the brand name Naveen. The manufacturing facilities are located in Hubli (Karnataka) and Karaikal (Pondicherry) with a production capacity of 75,000 TPA. The units are equipped with state- of- the- art technology in technical collaboration with Sacmi Imola & Breton, Italy. The company is planning to set up a plant in north India with an installed capacity of 10,000-12,000 square meters per day.

The products are tested and certified by Shriram Institute of Industrial Research for product quality conformance. R&D cells attached to the manufacturing units work independently and constantly to develop new colors, designs, textures, finishes and sizes in sync with the latest global trends.

The company has a countrywide network of offices and dealers and sells directly to large projects. Its products are exported to countries such as USA, Australia, Republic of South Africa, Russia, Sri Lanka the Middle East, Kenya and Mauritius.

The registered office of the company is at Murudeshwar Bhavan, Gokul Road, Hubli-580030, Karnataka.

Product of the company

  • Ceramic Glazed Tiles
  • Earth Material
  • Polished Granite Slabs

Certification/ Recognition

  • The company has been accredited with the ISO 9001:2000 certification
  • MCL has received a state award from Government of Karnataka for excellence in exports for the year 1995-1996.
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