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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 520113 | NSE: VESUVIUS

Fundamental Analysis of Vesuvius India Ltd

About the Company - Vesuvius India Ltd

Vesuvius India Ltd. is a Public Limited Listed company incorporated on 06/09/1991 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L26933WB1991PLC052968 and registration number is 052968. Currently company belongs to the Industry of Refractories. Company’s Total Operating Revenue is Rs. 1047.16 Cr. and Equity Capital is Rs. 20.30 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
RefractoriesP-104, Taratala Road, Kolkata West Bengal 700088vesuviusindia@vesuvius.com
http://www.vesuviusindia.in
Management
NamePosition Held
Mr. Biswadip GuptaChairman
Mr. Nitin JainManaging Director
Ms. Nayantara PalchoudhuriDirector
Mr. Patrick Georges Felix AndreDirector
Mr. Sudipto SarkarDirector
Mr. Henry James KnowlesDirector
Mr. Pascal Herve Martin Marie GenestDirector

Vesuvius India Ltd. Share Price Update

Share PriceValue
Today₹3,422.70
Previous Day₹3,429.45

Basic Stock Data of Vesuvius India Ltd

Market Cap 6,943 Cr.
Current Price 3,420
High / Low3,971/1,500
Stock P/E32.6
Book Value 588
Dividend Yield0.24 %
ROCE25.9 %
ROE19.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Vesuvius India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Vesuvius India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales234249272268259312330353348368405413417
Expenses209225244240239278289303309313335331337
Operating Profit25242828203341504055708280
OPM %11%9%10%10%8%11%12%14%11%15%17%20%19%
Other Income44555556711887
Interest0000000000000
Depreciation76678778988911
Profit before tax22222626183239493758708176
Tax %27%25%26%26%26%25%25%26%26%25%25%25%25%
Net Profit16161919132429362843526057
EPS in Rs8.007.959.559.566.4711.6414.5017.7813.6221.3625.7429.7028.12

Vesuvius India Ltd Quarterly Chart

Vesuvius India Ltd Profit & Loss

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Sales5646026527008229119258877921,0471,3431,603
Expenses4664895525746707457777667149471,1781,316
Operating Profit9811210112615216714812177100165287
OPM %17%19%15%18%18%18%16%14%10%10%12%18%
Other Income25910139232921202335
Interest110111111110
Depreciation161819232730282726273036
Profit before tax8399901121361451421237292157285
Tax %33%34%34%35%35%35%35%31%26%26%26%25%
Net Profit56655974899493865368117213
EPS in Rs27.4732.1129.1536.2643.7946.5445.5942.1526.1433.5357.54104.92
Dividend Payout %16%15%24%17%15%15%15%21%27%24%14%12%

Vesuvius India Ltd Profit & Loss Yearly Chart

Unable to calculate Year-wise YoY Net Profit Growth.

Vesuvius India Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:27%
TTM:19%
Compounded Profit Growth
10 Years:12%
5 Years:18%
3 Years:59%
TTM:82%
Stock Price CAGR
10 Years:22%
5 Years:25%
3 Years:47%
1 Year:97%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:14%
Last Year:19%

Vesuvius India Ltd Balance Sheet

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Equity Capital202020202020202020202020
Reserves3233774194775626417177848228769771,173
Borrowings0000000000013
Other Liabilities117120139147161193188177216292333382
Total Liabilities4605185786447438549259811,0581,1881,3311,589
Fixed Assets117134132131124113121124120116194316
CWIP22520141638262821273886
Investments000000000000
Other Assets3213794264996037037798299171,0451,0981,187
Total Assets4605185786447438549259811,0581,1881,3311,589

Vesuvius India Ltd Reserves and Borrowings Chart

Vesuvius India Ltd Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity 506465545019195741022712882
Cash from Investing Activity -20-53-28-21212-310297-503-39-6-37
Cash from Financing Activity -10-11-14-15-15-16-17-17-14-14-16-18
Net Cash Flow201231856177-231354-415-2610628

Vesuvius India Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days10810810511811988727775575774
Inventory Days59656968776984779112492105
Days Payable88838797981119889122130112118
Cash Conversion Cycle799187909846586544523860
Working Capital Days8488829110259586351554165
ROCE %26%27%22%24%25%24%20%16%9%11%17%

Vesuvius India Ltd Financial Efficiency Indicators Chart

Vesuvius India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%
FIIs1.89%1.84%1.94%0.65%0.55%0.60%0.83%0.86%0.84%0.77%1.26%1.73%
DIIs22.48%22.12%23.86%25.18%25.17%24.47%24.10%23.21%23.30%23.20%23.28%23.26%
Public20.07%20.47%18.63%18.61%18.71%19.37%19.50%20.37%20.29%20.46%19.90%19.43%
No. of Shareholders13,52215,22414,48014,96614,97315,37216,49016,82616,97517,28720,53121,474

Vesuvius India Ltd Shareholding Pattern Chart

No. of Vesuvius India Ltd Shareholders

Vesuvius India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Multi Cap Fund16266022.24577.41
HDFC Mid-Cap Opportunities Fund - Regular Plan7363020.44261.37
Axis Small Cap Fund6902961.25245.04
HDFC Small Cap Fund - Regular Plan3897840.48138.37
HDFC Multi Cap Fund3877731.17137.65
Nippon India Small Cap Fund2880000.22102.23
Tata Small Cap Fund2312561.3482.09
Tata Mid Cap Growth Fund - Regular Plan941771.0433.43
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan360000.9712.78
WhiteOak Capital Flexi Cap Fund308900.3710.97

Vesuvius India Ltd ROCE Trend

Vesuvius India Ltd EPS Trend

Vesuvius India Ltd Key Financial Ratios

MonthDec 23Dec 22Dec 21Dec 20Dec 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)104.9257.5433.5326.1342.15
Diluted EPS (Rs.)104.9257.5433.5326.1342.15
Cash EPS (Rs.)122.5972.2446.9939.0655.22
Book Value[Excl.RevalReserv]/Share (Rs.)587.95491.52441.53414.68396.28
Book Value[Incl.RevalReserv]/Share (Rs.)587.95491.52441.53414.68396.28
Dividend / Share (Rs.)12.758.258.007.007.00
Revenue From Operations / Share (Rs.)789.72661.37515.84389.91436.96
PBDIT / Share (Rs.)158.5091.9858.5748.1773.87
PBIT / Share (Rs.)140.8077.2745.1035.2560.79
PBT / Share (Rs.)140.5977.2745.1035.2560.79
Net Profit / Share (Rs.)104.9057.5333.5226.1342.14
PBDIT Margin (%)20.0713.9011.3512.3516.90
PBIT Margin (%)17.8211.688.749.0313.91
PBT Margin (%)17.8011.688.749.0313.91
Net Profit Margin (%)13.288.696.496.709.64
Return on Networth / Equity (%)17.8411.707.596.3010.63
Return on Capital Employeed (%)23.2215.339.958.2815.00
Return On Assets (%)13.408.775.725.018.71
Asset Turnover Ratio (%)1.101.070.930.770.93
Current Ratio (X)3.103.343.654.464.92
Quick Ratio (X)2.382.672.853.864.24
Inventory Turnover Ratio (X)2.642.452.692.802.94
Dividend Payout Ratio (NP) (%)0.0013.9020.8826.7820.02
Dividend Payout Ratio (CP) (%)0.0011.0714.8917.9215.28
Earning Retention Ratio (%)0.0086.1079.1273.2279.98
Cash Earning Retention Ratio (%)0.0088.9385.1182.0884.72
Interest Coverage Ratio (X)748.260.000.000.000.00
Interest Coverage Ratio (Post Tax) (X)496.210.000.000.000.00
Enterprise Value (Cr.)6817.432711.201644.131658.001763.03
EV / Net Operating Revenue (X)4.252.021.572.091.99
EV / EBITDA (X)21.1914.5213.8316.9511.76
MarketCap / Net Operating Revenue (X)4.542.442.102.802.52
Retention Ratios (%)0.0086.0979.1173.2179.97
Price / BV (X)6.103.292.452.632.77
Price / Net Operating Revenue (X)4.542.442.102.802.52
EarningsYield0.020.030.030.020.03

Vesuvius India Ltd Profitability Ratios (%)

Vesuvius India Ltd Liquidity Ratios

Vesuvius India Ltd Liquidity Ratios (%)

Vesuvius India Ltd Interest Coverage Ratios (X)

Vesuvius India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vesuvius India Ltd

Fair Value: ₹3727.67

The stock is undervalued by 9.00% compared to the current price ₹3420

*Investments are subject to market risks

Strength and Weakness of Vesuvius India Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 18.42%, which is a positive sign.
  2. The company has higher reserves (679.00 cr) compared to borrowings (1.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (571.50 cr) and profit (128.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 86.22 and average Dividend Yield of 12.24%.
  2. The stock has a high average Working Capital Days of 69.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 67.33, which may not be favorable.

Should I Buy Vesuvius India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Vesuvius India Ltd:
    1. Net Profit Margin: 13.28%
      • 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: 23.22% (Industry Average ROCE: 0%)
      • 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. Interest Coverage Ratio (Post Tax): 496.21
      • 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.
    4. Quick Ratio: 2.38
      • 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.
    5. ✗ Stock P/E: 33.2 (Industry average Stock P/E: 0)
      • 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.
    6. ✗ Total Debt / Equity: N/A
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Vesuvius India 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