Exxaro Tiles Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 30, 2024, 11:16 pm

Market Cap	389 Cr.
Current Price	8.68
High / Low	12.6/7.60
Stock P/E
Book Value	6.09
Dividend Yield	0.00 %
ROCE	4.54 %
ROE	0.72 %
Face Value	1.00
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Exxaro Tiles Ltd

Competitors of Exxaro Tiles Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Exxaro Tiles Ltd	389 Cr.	8.68	12.6/7.60		6.09	0.00 %	4.54 %	0.72 %	1.00
Carysil Ltd	2,131 Cr.	751	1,151/721	33.6	174	0.27 %	17.1 %	17.6 %	2.00
Somany Ceramics Ltd	2,646 Cr.	645	873/561	33.2	180	0.46 %	14.4 %	12.9 %	2.00
Orient Bell Ltd	477 Cr.	326	447/300	712	214	0.15 %	0.97 %	0.34 %	10.0
Nitco Ltd	900 Cr.	125	148/30.8		82.2	0.00 %	14.0 %	%	10.0
Industry Average	4,011.67 Cr	1,084.81		151.72	192.66	0.37%	11.54%	19.41%	6.10

All Competitor Stocks of Exxaro Tiles Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	51.23	89.45	85.24	99.42	67.59	72.54	81.05	93.79	74.13	82.53	65.26	79.77	59.83
Expenses	44.82	75.84	72.78	83.47	60.96	65.54	72.78	84.32	66.23	74.83	63.86	72.22	59.68
Operating Profit	6.41	13.61	12.46	15.95	6.63	7.00	8.27	9.47	7.90	7.70	1.40	7.55	0.15
OPM %	12.51%	15.22%	14.62%	16.04%	9.81%	9.65%	10.20%	10.10%	10.66%	9.33%	2.15%	9.46%	0.25%
Other Income	0.47	0.92	0.42	-0.48	0.27	0.51	3.71	-0.65	0.39	0.63	0.48	0.78	0.20
Interest	4.38	3.36	0.99	1.25	1.77	2.01	2.38	3.12	3.55	3.43	3.46	3.78	2.98
Depreciation	3.39	3.43	3.44	3.38	3.47	3.62	4.35	4.34	4.46	4.55	-1.98	2.34	2.35
Profit before tax	-0.89	7.74	8.45	10.84	1.66	1.88	5.25	1.36	0.28	0.35	0.40	2.21	-4.98
Tax %	-13.48%	27.39%	32.07%	30.81%	34.34%	27.13%	29.33%	17.65%	39.29%	34.29%	-70.00%	45.70%	-14.26%
Net Profit	-0.76	5.62	5.75	7.50	1.08	1.37	3.72	1.13	0.17	0.23	0.68	1.20	-4.27
EPS in Rs	-0.23	1.26	1.29	1.68	0.24	0.31	0.83	0.25	0.04	0.05	0.15	0.27	-0.95

Last Updated: October 7, 2024, 8:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	128	168	220	242	241	254	325	317	301	287
Expenses	106	136	178	204	198	206	276	283	277	271
Operating Profit	22	32	42	39	43	48	48	33	25	17
OPM %	17%	19%	19%	16%	18%	19%	15%	11%	8%	6%
Other Income	1	1	2	2	3	4	1	2	2	2
Interest	7	12	13	17	20	21	10	9	14	14
Depreciation	4	8	12	15	14	14	14	16	9	7
Profit before tax	12	13	18	8	12	17	26	10	3	-2
Tax %	3%	5%	3%	3%	7%	11%	31%	28%	30%
Net Profit	11	12	18	8	11	15	18	7	2	-2
EPS in Rs	3.56	3.74	5.30	2.42	3.36	4.54	4.05	1.63	0.51	-0.48
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	9.09%	50.00%	-55.56%	37.50%	36.36%	20.00%	-61.11%	-71.43%
Change in YoY Net Profit Growth (%)	0.00%	40.91%	-105.56%	93.06%	-1.14%	-16.36%	-81.11%	-10.32%

Exxaro Tiles Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	4%
3 Years:	6%
TTM:	-17%

Compounded Profit Growth
10 Years:	%
5 Years:	-25%
3 Years:	-49%
TTM:	-146%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	-16%
1 Year:	-26%

Return on Equity
10 Years:	%
5 Years:	5%
3 Years:	4%
Last Year:	1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:31 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	32	33	34	34	34	34	45	45	45	45
Reserves	38	61	86	97	87	102	222	229	232	228
Borrowings	60	151	157	144	174	161	57	94	97	103
Other Liabilities	43	95	105	97	92	72	81	100	112	119
Total Liabilities	172	340	382	372	387	369	405	468	486	494
Fixed Assets	76	200	197	186	172	159	150	198	194	195
CWIP	23	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	1	1	0	10	1	0
Other Assets	72	140	184	186	214	209	255	259	291	299
Total Assets	172	340	382	372	387	369	405	468	486	494

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1	17	32	6	38	25	23	5
Cash from Investing Activity +	-109	-8	-2	-2	-2	-9	-67	6
Cash from Financing Activity +	109	-4	-36	-4	-34	-1	28	-11
Net Cash Flow	1	4	-6	-1	2	14	-16	0

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-38.00	-119.00	-115.00	-105.00	-131.00	-113.00	-9.00	-61.00	-72.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	97	132	116	128	146	129	114	127	141
Inventory Days	85	206	230	172	540	451	357	433	516
Days Payable	87	181	134	124	357	220	180	253	303
Cash Conversion Cycle	94	158	212	175	329	361	291	307	355
Working Capital Days	79	117	128	129	168	193	180	188	222
ROCE %		13%	12%	9%	11%	13%	12%	6%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%	42.07%
FIIs	4.19%	4.17%	4.13%	4.23%	4.13%	4.13%	4.13%	4.02%	4.02%	4.15%	4.02%	5.52%
DIIs	4.86%	4.86%	4.86%	4.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	48.89%	48.90%	48.95%	48.84%	53.81%	53.81%	53.80%	53.92%	53.91%	53.78%	53.92%	52.42%
No. of Shareholders	41,450	39,387	37,391	36,115	34,721	32,721	31,221	29,961	30,677	32,191	36,140	36,668

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22
FaceValue	10.00	10.00	10.00
Basic EPS (Rs.)	0.50	1.63	4.45
Diluted EPS (Rs.)	0.50	1.63	4.45
Cash EPS (Rs.)	2.59	5.15	7.09
Book Value[Excl.RevalReserv]/Share (Rs.)	61.85	61.25	59.63
Book Value[Incl.RevalReserv]/Share (Rs.)	61.85	61.25	59.63
Revenue From Operations / Share (Rs.)	67.43	70.87	72.72
PBDIT / Share (Rs.)	5.98	8.09	11.12
PBIT / Share (Rs.)	3.89	4.56	8.07
PBT / Share (Rs.)	0.71	2.27	5.84
Net Profit / Share (Rs.)	0.50	1.63	4.04
NP After MI And SOA / Share (Rs.)	0.50	1.63	4.04
PBDIT Margin (%)	8.87	11.41	15.29
PBIT Margin (%)	5.76	6.43	11.10
PBT Margin (%)	1.05	3.19	8.03
Net Profit Margin (%)	0.74	2.29	5.56
NP After MI And SOA Margin (%)	0.74	2.29	5.56
Return on Networth / Equity (%)	0.81	2.65	6.78
Return on Capital Employeed (%)	5.65	6.53	12.16
Return On Assets (%)	0.46	1.55	4.47
Long Term Debt / Equity (X)	0.07	0.10	0.08
Total Debt / Equity (X)	0.35	0.34	0.21
Asset Turnover Ratio (%)	0.63	0.72	0.00
Current Ratio (X)	1.62	1.66	2.33
Quick Ratio (X)	0.75	0.80	1.28
Inventory Turnover Ratio (X)	0.71	0.67	0.00
Interest Coverage Ratio (X)	1.88	3.89	4.99
Interest Coverage Ratio (Post Tax) (X)	1.16	1.89	2.81
Enterprise Value (Cr.)	470.84	545.31	556.96
EV / Net Operating Revenue (X)	1.56	1.72	1.71
EV / EBITDA (X)	17.59	15.07	11.19
MarketCap / Net Operating Revenue (X)	1.25	1.43	1.60
Price / BV (X)	1.36	1.66	1.95
Price / Net Operating Revenue (X)	1.25	1.43	1.60
EarningsYield	0.01	0.01	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Exxaro Tiles Ltd as of December 31, 2024 is: 0.67

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 31, 2024, Exxaro Tiles Ltd is Overvalued by 92.28% compared to the current share price 8.68

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Exxaro Tiles Ltd as of December 31, 2024 is: 0.47

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, Exxaro Tiles Ltd is Overvalued by 94.59% compared to the current share price 8.68

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -30.16%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (138.20 cr) compared to borrowings (119.80 cr), indicating strong financial stability. The company has shown consistent growth in sales (248.30 cr) and profit (11.70 cr) over the years.	The stock has a low average ROCE of 9.00%, which may not be favorable. The stock has a high average Working Capital Days of 156.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 253.56, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Exxaro Tiles Ltd:
1. Net Profit Margin: 0.74%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 5.65% (Industry Average ROCE: 11.54%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0.81% (Industry Average ROE: 19.41%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.16
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.75
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 151.72)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.35
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Exxaro Tiles Ltd. is a Public Limited Listed company incorporated on 02/01/2008 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L26914GJ2008PLC052518 and registration number is 052518. Currently Company is involved in the business activities of Other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities. Company’s Total Operating Revenue is Rs. 325.34 Cr. and Equity Capital is Rs. 44.74 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Ceramics/Tiles/Sanitaryware	Survey No. 169 & 170, Vavdi Harsol Road, Sabarkantha Dist Gujarat 383305	info@exxarotiles.com http://www.exxarotiles.com

Management
Name	Position Held
Mr. Mukeshkumar B Patel	Chairman & Managing Director
Mr. Kirankumar B Patel	Whole Time Director
Mr. Dineshbhai R Patel	Whole Time Director
Mr. Kamal Dave	Ind. Non-Executive Director
Mr. Daxeshkumar Thakkar	Ind. Non-Executive Director
Mrs. Darsha Kikani	Ind. Non-Executive Director
Mr. Gordhanbhai B Patel	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Exxaro Tiles Ltd?

The latest intrinsic value of Exxaro Tiles Ltd as on 31 December 2024 is ₹0.67, which is 92.28% lower than the current market price of ₹8.68. The stock has a market capitalization of 389 Cr. and recorded a high/low of 12.6/7.60 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹228 Cr and total liabilities of ₹494 Cr.

What is the Market Cap of Exxaro Tiles Ltd?

The Market Cap of Exxaro Tiles Ltd is 389 Cr..

What is the current Stock Price of Exxaro Tiles Ltd as on 31 December 2024?

The current stock price of Exxaro Tiles Ltd as on 31 December 2024 is 8.68.

What is the High / Low of Exxaro Tiles Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Exxaro Tiles Ltd stocks is 12.6/7.60.

What is the Stock P/E of Exxaro Tiles Ltd?

The Stock P/E of Exxaro Tiles Ltd is .

What is the Book Value of Exxaro Tiles Ltd?

The Book Value of Exxaro Tiles Ltd is 6.09.

What is the Dividend Yield of Exxaro Tiles Ltd?

The Dividend Yield of Exxaro Tiles Ltd is 0.00 %.

What is the ROCE of Exxaro Tiles Ltd?

The ROCE of Exxaro Tiles Ltd is 4.54 %.

What is the ROE of Exxaro Tiles Ltd?

The ROE of Exxaro Tiles Ltd is 0.72 %.

What is the Face Value of Exxaro Tiles Ltd?

The Face Value of Exxaro Tiles Ltd is 1.00.