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Last Updated on: 25 June, 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.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware604/B, Murudeshwar Bhavan, Gokul Road, Hubballi Karnataka 580030mclho@naveentile.com
http://www.naveentiles.co.in
Management
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

Basic Stock Data of Murudeshwar Ceramics Ltd

Last Updated: June 22, 2024, 10:34 pm

Market Cap 317 Cr.
Current Price 52.4
High / Low71.9/38.3
Stock P/E61.8
Book Value 60.2
Dividend Yield0.95 %
ROCE4.77 %
ROE1.44 %
Face Value 10.0
PEG Ratio2.43

Competitors of Murudeshwar Ceramics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Carysil Ltd 2,376 Cr. 8851,151/59341.0 1320.23 %16.9 %17.6 % 2.00
Somany Ceramics Ltd 2,989 Cr. 729819/56130.4 1760.41 %14.5 %13.0 % 2.00
Lexus Granito (India) Ltd 79.1 Cr. 39.261.3/31.6 4.620.00 %13.5 %109 % 10.0
Orient Bell Ltd 523 Cr. 359553/301569 2150.28 %0.91 %0.30 % 10.0
Nitco Ltd 577 Cr. 80.382.2/16.8 71.30.00 %12.1 %% 10.0
Industry Average4,819.52 Cr582.92115.57127.150.26%13.22%26.17%5.83

Murudeshwar Ceramics Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales28.0228.6017.1230.7337.7737.2931.5739.8343.8557.1537.9045.7151.04
Expenses20.0920.8713.6223.1431.3528.9325.1332.1236.6747.6230.3938.5643.62
Operating Profit7.937.733.507.596.428.366.447.717.189.537.517.157.42
OPM %28.30%27.03%20.44%24.70%17.00%22.42%20.40%19.36%16.37%16.68%19.82%15.64%14.54%
Other Income0.171.000.080.120.470.750.050.090.090.760.070.080.03
Interest3.675.022.653.682.944.022.763.652.894.072.962.532.34
Depreciation2.422.432.402.452.442.982.522.592.613.372.762.772.75
Profit before tax2.011.28-1.471.581.512.111.211.561.772.851.861.932.36
Tax %0.00%-317.97%0.00%1.27%17.22%61.61%16.53%7.69%16.95%4.91%39.25%37.82%30.93%
Net Profit2.015.36-1.481.571.250.811.001.431.472.701.121.201.63
EPS in Rs0.421.02-0.280.300.240.150.170.250.250.470.190.210.28

Last Updated: April 10, 2024, 4:15 am

Murudeshwar Ceramics Ltd Quarterly Chart

Murudeshwar Ceramics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales17814414513811510511912610380122170192
Expenses13611211410788798897827196140160
Operating Profit4231313127263229219263132
OPM %24%22%21%22%24%25%26%23%20%11%21%18%16%
Other Income1011111291111
Interest24222121201719161616131312
Depreciation1799978991010101112
Profit before tax312222553-16479
Tax %-42%6%22%15%7%47%4%9%47%26%42%10%
Net Profit411221552-12277
EPS in Rs1.020.220.290.420.380.311.091.010.37-2.270.391.141.15
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%
TTM:26%
Compounded Profit Growth
10 Years:19%
5 Years:6%
3 Years:57%
TTM:41%
Stock Price CAGR
10 Years:11%
5 Years:22%
3 Years:37%
1 Year:45%
Return on Equity
10 Years:0%
5 Years:0%
3 Years:0%
Last Year:2%

Last Updated: May 1, 2024, 9:51 am

Murudeshwar Ceramics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital37394141414345484852555858
Reserves262264267269274281275285287281283292291
Borrowings13613312410910310010493798583120118
Other Liabilities44423138495451485954547186
Total Liabilities479479463456467477475474473472475540553
Fixed Assets279277280278278309302298306297298297291
CWIP2220192512867885
Investments3444444444999
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
Promoters69.84%69.84%69.84%69.84%71.28%72.65%72.65%72.65%72.65%72.65%72.65%72.65%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.00%0.00%0.04%0.00%0.01%
DIIs0.14%0.14%0.14%0.14%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public30.01%30.01%30.01%30.02%28.71%27.34%27.30%27.34%27.35%27.30%27.34%27.33%
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 24Mar 23Mar 22
FaceValue10.0010.0010.00
Basic EPS (Rs.)0.861.130.40
Diluted EPS (Rs.)0.821.070.39
Cash EPS (Rs.)2.833.072.26
Book Value[Excl.RevalReserv]/Share (Rs.)60.3761.3661.84
Book Value[Incl.RevalReserv]/Share (Rs.)60.3761.3661.84
Revenue From Operations / Share (Rs.)30.7729.8822.37
PBDIT / Share (Rs.)5.705.524.97
PBIT / Share (Rs.)3.723.593.10
PBT / Share (Rs.)1.901.280.67
Net Profit / Share (Rs.)0.841.140.39
NP After MI And SOA / Share (Rs.)0.861.140.39
PBDIT Margin (%)18.5318.4622.20
PBIT Margin (%)12.0912.0213.84
PBT Margin (%)6.164.273.02
Net Profit Margin (%)2.753.821.74
NP After MI And SOA Margin (%)2.813.821.74
Return on Networth / Equity (%)1.431.860.63
Return on Capital Employeed (%)5.244.864.56
Return On Assets (%)0.951.220.45
Long Term Debt / Equity (X)0.110.150.04
Total Debt / Equity (X)0.290.150.04
Asset Turnover Ratio (%)0.340.330.00
Current Ratio (X)1.381.331.55
Quick Ratio (X)0.400.300.46
Inventory Turnover Ratio (X)0.380.330.00
Interest Coverage Ratio (X)3.132.382.05
Interest Coverage Ratio (Post Tax) (X)1.461.491.16
Enterprise Value (Cr.)373.80226.18148.62
EV / Net Operating Revenue (X)2.011.311.21
EV / EBITDA (X)10.837.115.45
MarketCap / Net Operating Revenue (X)1.511.011.13
Price / BV (X)0.760.480.40
Price / Net Operating Revenue (X)1.511.011.13
EarningsYield0.010.030.01

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

Fair Value: 54.08

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.

Undervalued: 3.21% compared to the current price 52.4

Intrinsic Value: 67.85

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 29.49% compared to the current price ₹52.4

Last 5 Year EPS CAGR: 25.46%

*Investments are subject to market risks

Strength and Weakness of Murudeshwar Ceramics Ltd Stock

StrengthWeakness
  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 has a low average ROCE of 4.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 296.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 394.33, which may not be favorable.

FAQ

What is the latest fair value of Murudeshwar Ceramics Ltd?

The latest fair value of Murudeshwar Ceramics Ltd is ₹54.08.

What is the Market Cap of Murudeshwar Ceramics Ltd?

The Market Cap of Murudeshwar Ceramics Ltd is 317 Cr..

What is the current Stock Price of Murudeshwar Ceramics Ltd as on 25 June 2024?

The current stock price of Murudeshwar Ceramics Ltd as on 25 June 2024 is ₹52.4.

What is the High / Low of Murudeshwar Ceramics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Murudeshwar Ceramics Ltd stocks is 71.9/38.3.

What is the Stock P/E of Murudeshwar Ceramics Ltd?

The Stock P/E of Murudeshwar Ceramics Ltd is 61.8.

What is the Book Value of Murudeshwar Ceramics Ltd?

The Book Value of Murudeshwar Ceramics Ltd is 60.2.

What is the Dividend Yield of Murudeshwar Ceramics Ltd?

The Dividend Yield of Murudeshwar Ceramics Ltd is 0.95 %.

What is the ROCE of Murudeshwar Ceramics Ltd?

The ROCE of Murudeshwar Ceramics Ltd is 4.77 %.

What is the ROE of Murudeshwar Ceramics Ltd?

The ROE of Murudeshwar Ceramics Ltd is 1.44 %.

What is the Face Value of Murudeshwar Ceramics Ltd?

The Face Value of Murudeshwar Ceramics Ltd is 10.0.

About the Author

Author Avatar
Getaka

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 getaka.co.in 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