Is Murudeshwar Ceramics a good quality company?

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

Is Murudeshwar Ceramics 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 Fair zone .

What is Murudeshwar Ceramics share price return in the past 10 years?

Murudeshwar Ceramics Ltd share price has appreciated 8.2% annually (CAGR) over the past ten years.

Is Murudeshwar Ceramics 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.

Murudeshwar Ceramics Ltd - Stock Valuation and Financial Performance

Name: Murudeshwar Ceramics
Brand: Murudeshwar Ceramics

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

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Murudeshwar Ceramics Share Price

₹47.88 0.91 1.94%
as on 22-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
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	-0.7	NA	-0.7	-0.7	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	138	115	105	119	126	103	80.5	123	172	186	189
Sales YoY Gr.	-	-16.7%	-8.5%	13.4%	5.4%	-18%	-22%	52.7%	40.3%	8.1%	-
Adj EPS ⓘ	0.4	0.4	0.3	1.1	1	0.4	-2.3	0.4	1.1	0.9	1.2
YoY Gr.	-	-11.9%	-18.9%	260%	-10.2%	-63.9%	-748.6%	NA	225.7%	-25.4%	-
BVPS (₹) ⓘ	75.8	77.1	75.4	70.9	70	70.3	63.2	61.5	60.6	60.2	60.5
Adj Net Profit ⓘ	1.7	1.5	1.3	4.9	4.6	1.7	-11.9	2	6.6	5.1	7
Cash Flow from Ops. ⓘ	35.6	45.8	22.8	4.9	14.6	47.5	0.5	23.6	42.4	30.9	-
Debt/CF from Ops. ⓘ	3.1	2.3	4.4	21	6.3	1.6	169.8	3.4	2.8	3.5	-

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	8.2%	23.5%	23%	-20.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	0.6	0.5	0.4	1.5	1.4	0.5	-3.6	0.6	1.9	1.4	2
Op. Profit Mgn % ⓘ	22.5	23.7	25	26.5	22.8	20.1	11.3	21.2	17.9	16.4	16.4
Net Profit Mgn % ⓘ	1.2	1.3	1.2	4.1	3.7	1.6	-14.8	1.6	3.8	2.8	3.9
Debt to Equity ⓘ	0.4	0.3	0.3	0.3	0.3	0.2	0.3	0.2	0.3	0.3	0.1
Working Cap Days ⓘ	424	490	522	481	477	575	719	469	329	300	157
Cash Conv. Cycle ⓘ	340	373	374	361	372	432	543	348	234	212	36

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.00%

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 3.81%

Latest Financials - Murudeshwar Ceramics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.2	1.3
TTM Sales (₹ Cr.)	189	189
BVPS (₹.) ⓘ	60.5	60.7
Reserves (₹ Cr.) ⓘ	306	307
P/BV ⓘ	0.79	0.79
PE ⓘ	39.06	37.35

From the Market
52 Week Low / High (₹)	38.30 / 70.90
All Time Low / High (₹)	3.15 / 119.07
Market Cap (₹ Cr.)	290
Equity (₹ Cr.)	60.6
Face Value (₹)	10
Industry PE ⓘ	42.2

Management X-Ray of Murudeshwar Ceramics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Murudeshwar Ceramics

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Murudeshwar Ceramics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	138	115	105	119	126	103	80	123	172	186
Operating Expenses ⓘ	107	88	79	88	97	82	72	97	142	156
Manufacturing Costs	31	31	28	31	25	14	19	35	58	68
Material Costs	47	27	24	29	47	46	29	31	40	40
Employee Cost	13	15	14	16	13	12	12	15	25	27
Other Costs ⓘ	16	14	13	12	11	10	11	16	18	21
Operating Profit ⓘ	31	27	26	32	29	21	9	26	31	30
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 ⓘ	2	1	1	1	2	9	1	1	1	4
Interest ⓘ	21	20	17	19	16	16	16	13	13	11
Depreciation ⓘ	9	7	8	9	9	10	10	10	11	12
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	2	2	5	5	3	-16	4	7	11
Tax ⓘ	0	0	1	0	0	2	-4	2	1	6
Profit After Tax	2	2	1	5	5	2	-12	2	7	5
PAT Margin (%)	1.2%	1.4%	1.3%	4.1%	3.8%	1.7%	-14.8%	1.7%	3.8%	2.8%
Adjusted EPS (₹)	0.4	0.4	0.3	1.1	1.0	0.4	-2.3	0.4	1.1	0.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	44%	59%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	310	315	324	320	333	334	331	338	349	365
Share Capital ⓘ	41	41	43	45	48	48	52	55	58	61
Reserves ⓘ	269	274	281	275	285	287	278	283	292	304
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	109	103	27	32	93	77	83	81	118	107
Long Term Debt	32	26	27	32	23	8	15	16	54	42
Short Term Debt	77	77	0	0	70	70	68	65	64	65
Trade Payables	23	24	21	20	15	24	19	19	28	25
Others Liabilities ⓘ	15	25	105	103	33	37	39	37	45	51
Total Liabilities ⓘ	456	467	477	475	474	473	472	475	540	548
Fixed Assets
Gross Block	553	560	317	319	324	341	340	351	362	438
Accumulated Depreciation	276	283	8	17	26	35	45	55	66	78
Net Fixed Assetsⓘ	278	278	309	302	298	306	296	296	295	360
CWIP ⓘ	0	19	2	5	1	2	8	6	78	10
Investmentsⓘ	4	4	4	4	4	4	6	9	9	9
Inventories	102	103	104	112	101	100	104	112	118	116
Trade Receivables	50	33	31	33	46	41	32	22	16	16
Cash Equivalents	5	7	6	4	3	3	3	6	2	14
Others Assetsⓘ	17	22	23	17	21	16	24	23	21	21
Total Assets ⓘ	456	467	477	475	474	473	472	475	540	548

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	36	46	23	5	15	47	0	24	42	31
PBT ⓘ	2	2	2	5	5	2	-12	4	7	11
Adjustment ⓘ	24	19	18	20	21	22	20	19	20	11
Changes in Working Capital ⓘ	10	26	2	-21	-12	23	-7	2	17	10
Tax Paid ⓘ	-1	-1	1	1	0	0	0	-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	0	0	0	0	0	0	0	-5	0	0
Others ⓘ	1	1	1	1	1	1	1	1	1	4
Cash Flow From Financing Activityⓘ	-32	-19	-4	-3	-15	-29	5	-8	35	-13
Net Proceeds from Shares ⓘ	0	0	7	7	6	0	11	4	8	9
Net Proceeds from Borrowing ⓘ	-15	-5	1	5	-6	-15	7	1	39	-13
Interest Paid ⓘ	-16	-14	-12	-12	-13	-14	-11	-10	-10	-9
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	-3
Others ⓘ	-1	-1	0	-3	-2	0	-1	-3	-1	2
Net Cash Flow ⓘ	-1	2	-1	-2	-1	0	0	3	-4	13

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.56	0.5	0.41	1.53	1.47	0.52	-3.57	0.64	1.92	1.44
ROCE (%)	5.46	5.14	4.57	5.58	5.03	4.61	0	4.07	4.65	4.78
Asset Turnover Ratio	0.32	0.26	0.23	0.25	0.27	0.22	0.17	0.26	0.34	0.34
PAT to CFO Conversion(x)	18	23	23	1	3	23.5	N/A	12	6	6.2
Working Capital Days
Receivable Days	108	124	106	96	114	154	165	80	41	32
Inventory Days	274	307	342	325	309	355	463	322	244	229
Payable Days	89	186	250	208	101	127	225	183	187	220

Murudeshwar Ceramics Ltd Stock News

Murudeshwar Ceramics Ltd FAQs

What is the share price of Murudeshwar Ceramics?

Company share prices are keep on changing according to the market conditions. The closing price of Murudeshwar Ceramics on 22-Nov-2024 16:59 is ₹47.88.

What is the market cap of Murudeshwar Ceramics?

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 22-Nov-2024 16:59 the market cap of Murudeshwar Ceramics stood at ₹289.9.

What is the P/E ratio of Murudeshwar Ceramics?

The latest P/E ratio of Murudeshwar Ceramics as of 22-Nov-2024 16:59 is 39.06.

What is the P/B ratio of Murudeshwar Ceramics?

The latest P/B ratio of Murudeshwar Ceramics as of 22-Nov-2024 16:59 is 0.79.

What is the 52-week high and low of Murudeshwar Ceramics?

The 52-week high of Murudeshwar Ceramics is ₹70.90 and the 52-week low is ₹38.30.

What is the TTM revenue of Murudeshwar Ceramics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Murudeshwar Ceramics is ₹189.0 ( 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.