Past 10 year’s financial track record analysis by Moneyworks4me indicates that Manoj Ceramic Ltd is a below average quality company.
The key valuation ratios of Manoj Ceramic 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 Weak which suggest that the price of Manoj Ceramic Ltd is likely to Fall 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.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 11.2% | 11.9% | 18.1% | 20.1% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | 0.3 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 35.6 | 43.1 | 73.5 | 95.9 | 96 |
| Sales YoY Gr. | - | 21.3% | 70.4% | 30.5% | - |
| Adj EPS ⓘ | 0.2 | 1.7 | 6.1 | 7.3 | 7.3 |
| YoY Gr. | - | 595.8% | 266.5% | 18.5% | - |
| BVPS (₹) ⓘ | 10.1 | 11.6 | 17.7 | 34.6 | 34.6 |
| Adj Net Profit ⓘ | 0.1 | 1 | 3.7 | 6 | 6 |
| Cash Flow from Ops. ⓘ | 0.6 | 6.7 | -10.3 | -12.3 | - |
| Debt/CF from Ops. ⓘ | 64.5 | 5.2 | -4.9 | -4.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 39.2% | 30.5% | ||||
| Adj EPS ⓘ | NA | NA | 211.4% | 18.5% | ||||
| BVPSⓘ | NA | NA | 51% | 95.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.7 | 11.1 | 32.5 | 27.2 | 21.1 |
| Op. Profit Mgn % ⓘ | 11.7 | 9.4 | 11.7 | 15.1 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 2.3 | 5 | 6.3 | 6.3 |
| Debt to Equity ⓘ | 4.6 | 3.7 | 3.9 | 1.8 | - |
| Working Cap Days ⓘ | 0 | 468 | 330 | 342 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 199 | 152 | 197 | 0 |
Sales growth is growing at healthy rate in last 3 years 39.19%
Net Profit is growing at healthy rate in last 3 years 211.44%
Debt to equity has declined versus last 3 years average to 1.82
Return on Equity has declined versus last 3 years average to 21.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | 6.4 |
| TTM Sales (₹ Cr.) | 95.9 | 95.8 |
| BVPS (₹.) ⓘ | 34.6 | 33.9 |
| Reserves (₹ Cr.) ⓘ | 21 | 20 |
| P/BV ⓘ | 5.73 | 5.85 |
| PE ⓘ | 27.21 | 30.95 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 73.10 / 219.90 |
| All Time Low / High (₹) | 73.10 / 219.90 |
| Market Cap (₹ Cr.) | 165 |
| Equity (₹ Cr.) | 8.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 36 | 43 | 74 | 96 |
| Operating Expenses ⓘ | 32 | 39 | 65 | 81 |
| Manufacturing Costs | 2 | 2 | 1 | 1 |
| Material Costs | 22 | 29 | 59 | 74 |
| Employee Cost | 3 | 3 | 2 | 3 |
| Other Costs ⓘ | 4 | 5 | 3 | 5 |
| Operating Profit ⓘ | 4 | 4 | 9 | 14 |
| Operating Profit Margin (%) | 11.3% | 9.1% | 11.7% | 15.1% |
| Other Income ⓘ | 2 | 2 | 1 | 1 |
| Interest ⓘ | 5 | 4 | 5 | 7 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 5 | 8 |
| Tax ⓘ | 0 | 0 | 1 | 2 |
| Profit After Tax | 0 | 1 | 4 | 6 |
| PAT Margin (%) | 0.2% | 2.2% | 5.0% | 6.3% |
| Adjusted EPS (₹) | 0.1 | 1.6 | 6.1 | 7.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 9 | 13 | 31 | ||||||
| Share Capital ⓘ | 4 | 4 | 4 | 11 | ||||||
| Reserves ⓘ | 5 | 5 | 9 | 21 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 37 | 32 | 46 | 51 | ||||||
| Long Term Debt | 24 | 14 | 24 | 27 | ||||||
| Short Term Debt | 13 | 17 | 22 | 24 | ||||||
| Trade Payables | 11 | 11 | 14 | 12 | ||||||
| Others Liabilities ⓘ | 4 | 6 | 7 | 10 | ||||||
| Total Liabilities ⓘ | 61 | 58 | 79 | 104 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 3 | 3 | 4 | ||||||
| Accumulated Depreciation | 2 | 2 | 3 | 3 | ||||||
| Net Fixed Assetsⓘ | 1 | 1 | 1 | 1 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 1 | 0 | 0 | 0 | ||||||
| Inventories | 25 | 28 | 23 | 26 | ||||||
| Trade Receivables | 10 | 9 | 34 | 51 | ||||||
| Cash Equivalents | 3 | 2 | 1 | 1 | ||||||
| Others Assetsⓘ | 19 | 19 | 21 | 26 | ||||||
| Total Assets ⓘ | 61 | 58 | 79 | 104 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 7 | -10 | -12 |
| PBT ⓘ | 0 | 1 | 5 | 8 |
| Adjustment ⓘ | 6 | 5 | 4 | 6 |
| Changes in Working Capital ⓘ | -5 | 1 | -18 | -24 |
| Tax Paid ⓘ | 0 | 0 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -1 | 1 | 1 | 1 |
| Capex | 0 | 0 | 0 | 0 |
| Net Investments | -1 | 1 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | 1 | -9 | 8 | 12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 14 |
| Net Proceeds from Borrowing ⓘ | 6 | -4 | 6 | 3 |
| Interest Paid ⓘ | -5 | -4 | -5 | -7 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 6 | 1 |
| Net Cash Flow ⓘ | 1 | -1 | -1 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.37 | 14.53 | 41.81 | 30.79 | ||||||
| ROCE (%) | 11.23 | 11.91 | 18.09 | 20.13 | ||||||
| Asset Turnover Ratio | 0.59 | 0.73 | 1.07 | 1.05 | ||||||
| PAT to CFO Conversion(x) | N/A | 7 | -2.5 | -2 | Working Capital Days | |||||
| Receivable Days | 107 | 81 | 106 | 161 | ||||||
| Inventory Days | 261 | 226 | 125 | 92 | ||||||
| Payable Days | 187 | 142 | 78 | 63 | ||||||
Manoj Ceramic was originally incorporated as ‘Manoj and Company Trading Private Limited’ under the provision of Companies Act, 1956 vide certificate of Incorporation dated December 12, 2006 issued by the Registrar of Companies, Maharashtra. Thereafter, the name of the Company was changed from ‘Manoj and Company Trading Private Limited’ to ‘Manoj Ceramic Private Limited’ vide special resolution passed by the members at the Extra-ordinary General Meeting held on October 13, 2018. Subsequently, the Company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on January 02, 2019 and consequently the name of the company was changed to ‘Manoj Ceramic Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai dated January 22, 2019.
‘Manoj Ceramic (MCL) is into the business of trading of ceramic tiles and Tiles Adhesive under their own brand ‘MCPL’ through dealer network, Retail showroom, wholesale as BTB and export. MCL is in to the business since 1991 in the names and styles of ‘Manoj and Company’, ‘Manoj And Company Trading’, ‘Manoj Ceramic’ in the beginning of the year 2019, the company transitioned from a private limited into a public limited company under the name and style ‘Manoj Ceramic’, as certified vide certificate of incorporation dated January 22, 2019.
In the Company, it specializes in two products: Ceramic Tiles and Tile Adhesive. Its range of Ceramic Tiles offers a captivating designs, colors and sizes, for transforming any space into a work of art. Additionally, its Tile Adhesive guarantees a strong bond, ensuring a seamless and lasting installation for its valued customers. In ceramic tiles, it engages with the manufacturer and based on its experience and customer feedback it finalizes the designs with the manufacture and accordingly they supply the finished goods to it which it sales further through its dealer network, Retail showroom, Export and B2B sale to various end user like architect, builders and contractors.
In this it supplies Tiles Adhesive in its brand name ‘MCPL’ to end user through its distributor network which is in Maharashtra. It orders the material to the manufacturer which he supplies in Bags with its Brand Name ‘MCPL’. Distributor place order with it and accordingly it supply the same to its distributor who in turn sale to end user. In addition to sale through its distribution network it also sales it in its B2B network i.e. Architect, Builders and Contractors whom it supplies directly.
Business area of the company
The company has been actively engaged in the trading of Ceramic Tiles and Tiles Adhesive under its own brand ‘MCPL’. It has established a dealer network, retail showrooms and wholesalers to cater to its customers’ needs. Additionally, it has also expanded its business to include B2B transactions and export activities.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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