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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Murudeshwar Ceramics Ltd

About the Company - Murudeshwar Ceramics Ltd

Murudeshwar Ceramics Ltd. is a Public Limited Listed company incorporated on 29/06/1983 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L26914KA1983PLC005401 and registration number is 005401. Currently Company is involved in the business activities of Manufacture of refractory ceramic products. Company’s Total Operating Revenue is Rs. 122.92 Cr. and Equity Capital is Rs. 54.95 Cr. for the Year ended 31/03/2022.
Ceramics/Tiles/Sanitaryware604/B, Murudeshwar Bhavan, Gokul Road, Hubballi Karnataka
NamePosition Held
Mr. Satish R ShettyChairman & Managing Director
Mr. Karan Satish ShettyWhole Time Director
Mr. Sunil R ShettyNon Executive Director
Mr. Naveen R ShettyNon Executive Director
Dr. S S HiremathIndependent Director
Mr. AnnappayyaIndependent Director
Mr. Sankappa K ShettyIndependent Director
Mrs. Sarvani AlvaIndependent Director
Mr. Sathya Murthy PadakiIndependent Director

Murudeshwar Ceramics Ltd. Share Price Update

Share PriceValue
Previous Day₹52.12

Basic Stock Data of Murudeshwar Ceramics Ltd

Market Cap 327 Cr.
Current Price 56.7
High / Low71.9/27.0
Stock P/E49.2
Book Value 60.4
Dividend Yield0.88 %
ROCE4.66 %
ROE1.92 %
Face Value 10.0

Data Source:

Competitors of Murudeshwar Ceramics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nitco Ltd 481 Cr. 67.067.0/16.4 57.60.00 %11.2 %% 10.0
Somany Ceramics Ltd 2,772 Cr. 676819/46630.4 1930.44 %9.37 %8.57 % 2.00
Orient Bell Ltd 562 Cr. 387649/349238 2130.26 %10.4 %7.53 % 10.0
Industry Average1,271.67 Cr376.6789.47154.530.23%10.32%5.37%7.33

Murudeshwar Ceramics Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit-2.047.937.733.507.596.428.366.447.717.189.537.517.15
OPM %-13.86%28.30%27.03%20.44%24.70%17.00%22.42%20.40%19.36%16.37%16.68%19.82%15.64%
Other Income0.350.
Profit before tax-
Tax %0.00%0.00%-317.97%0.00%1.27%17.22%61.61%16.53%7.69%16.95%4.91%39.25%37.82%
Net Profit-
EPS in Rs-1.710.421.02-0.280.300.

Murudeshwar Ceramics Ltd Quarterly Chart

Murudeshwar Ceramics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit4231313127263229219263132
OPM %24%22%21%22%24%25%26%23%20%11%21%18%16%
Other Income1011111291111
Profit before tax312222553-16479
Tax %-42%6%22%15%7%47%4%9%47%26%42%10%
Net Profit411221552-12277
EPS in Rs1.
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%44%

Murudeshwar Ceramics Ltd Profit & Loss Yearly Chart

Murudeshwar Ceramics Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:7%
3 Years:18%
Compounded Profit Growth
10 Years:19%
5 Years:6%
3 Years:57%
Stock Price CAGR
10 Years:14%
5 Years:19%
3 Years:35%
1 Year:56%
Return on Equity
10 Years:0%
5 Years:0%
3 Years:0%
Last Year:2%

Murudeshwar Ceramics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital37394141414345484852555858
Other Liabilities44423138495451485954547186
Total Liabilities479479463456467477475474473472475540553
Fixed Assets279277280278278309302298306297298297291
Other Assets194196178174166163165171161163162156168
Total Assets479479463456467477475474473472475540553

Murudeshwar Ceramics Ltd Reserves and Borrowings Chart

Murudeshwar Ceramics Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3027363646235154702442
Cash from Investing Activity -6-7-11-4-25-20-4-1-18-6-12-81
Cash from Financing Activity -24-20-24-32-19-4-3-15-295-835
Net Cash Flow-0-01-12-1-2-1003-4

Murudeshwar Ceramics Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7797931311061071001341461456635
Inventory Days9251,2968478061,4091,6241,4217597791,2401,201975
Days Payable163239113182322335249112184223203228
Cash Conversion Cycle8391,1548277561,1931,3951,2727817411,1621,065782
Working Capital Days311393369361382141167187164517347214
ROCE %6%5%5%5%5%5%6%5%5%-0%4%5%

Murudeshwar Ceramics Ltd Financial Efficiency Indicators Chart

Murudeshwar Ceramics Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders18,45019,28618,92818,88119,00618,76318,43521,14020,48120,27120,41321,303

Murudeshwar Ceramics Ltd Shareholding Pattern Chart

No. of Murudeshwar Ceramics Ltd Shareholders

This stock is not held by any mutual fund

Murudeshwar Ceramics Ltd ROCE Trend

Murudeshwar Ceramics Ltd EPS Trend

Murudeshwar Ceramics Ltd Key Financial Ratios

MonthMar 23Mar 22
Basic EPS (Rs.)1.130.40
Diluted EPS (Rs.)1.070.39
Cash EPS (Rs.)3.072.26
Book Value[Excl.RevalReserv]/Share (Rs.)61.3661.84
Book Value[Incl.RevalReserv]/Share (Rs.)61.3661.84
Revenue From Operations / Share (Rs.)29.8822.37
PBDIT / Share (Rs.)5.524.97
PBIT / Share (Rs.)3.593.10
PBT / Share (Rs.)1.280.67
Net Profit / Share (Rs.)1.140.39
NP After MI And SOA / Share (Rs.)1.140.39
PBDIT Margin (%)18.4622.20
PBIT Margin (%)12.0213.84
PBT Margin (%)4.273.02
Net Profit Margin (%)3.821.74
NP After MI And SOA Margin (%)3.821.74
Return on Networth / Equity (%)1.860.63
Return on Capital Employeed (%)4.864.56
Return On Assets (%)1.220.45
Long Term Debt / Equity (X)0.150.04
Total Debt / Equity (X)0.150.04
Asset Turnover Ratio (%)0.330.00
Current Ratio (X)1.331.55
Quick Ratio (X)0.300.46
Inventory Turnover Ratio (X)0.330.00
Interest Coverage Ratio (X)2.382.05
Interest Coverage Ratio (Post Tax) (X)1.491.16
Enterprise Value (Cr.)226.18148.62
EV / Net Operating Revenue (X)1.311.21
EV / EBITDA (X)7.115.45
MarketCap / Net Operating Revenue (X)1.011.13
Price / BV (X)0.480.40
Price / Net Operating Revenue (X)1.011.13

Murudeshwar Ceramics Ltd Profitability Ratios (%)

Murudeshwar Ceramics Ltd Liquidity Ratios

Murudeshwar Ceramics Ltd Liquidity Ratios (%)

Murudeshwar Ceramics Ltd Interest Coverage Ratios (%)

Murudeshwar Ceramics Ltd Valuation Ratios

Fair Value of Murudeshwar Ceramics Ltd Stock

Fair Value: ₹57.56

The stock is undervalued by 1.51% compared to the current price ₹56.7

*Investments are subject to market risks

Strength and Weakness of Murudeshwar Ceramics Ltd Stock

  1. The company has higher reserves (277.77 cr) compared to borrowings (106.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (133.62 cr) and profit (2.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.35 and average Dividend Yield of 12.93%.
  2. The stock has a low average ROCE of 4.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 296.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 394.33, which may not be favorable.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Murudeshwar Ceramics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE