Morganite Crucible (India) Ltd

Morganite Crucible (India) Ltd

₹ 1,848 0.81%
22 Nov - close price
About

Incorporated in 1986, Morganite Crucible (India) Ltd manufactures and sells silicon carbide and clay graphite crucibles and its accessories[1]

Key Points

Business Overview:[1]
MCIL is a part of Morgan Advanced
Materials Plc, a UK-based Group. It is a manufacturer of high-performance crucibles, foundry consumables, and allied refractory products. It supplies crucibles to non-ferrous metals industries and specializes in providing melting solutions to foundries, die-casters, and metal melting facilities covering applications including Zinc, Precious Metals, Aluminium, Copper/Brass/Bronze, and other non-ferrous metals

  • Market Cap 1,035 Cr.
  • Current Price 1,848
  • High / Low 1,964 / 1,294
  • Stock P/E 70.7
  • Book Value 157
  • Dividend Yield 2.16 %
  • ROCE 29.6 %
  • ROE 18.2 %
  • Face Value 5.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 11.8 times its book value
  • The company has delivered a poor sales growth of 2.29% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Refractories Industry: Refractories / Intermediates

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
26 28 41 66 83 99 100 101 110 110 111
22 24 36 51 66 78 78 83 90 86 83
Operating Profit 4 4 5 15 16 22 22 18 20 24 29
OPM % 15% 15% 12% 23% 20% 22% 22% 18% 18% 22% 26%
1 0 4 2 1 1 1 2 1 3 2
Interest 1 1 1 1 1 1 0 0 0 0 0
Depreciation 2 2 2 4 4 4 5 6 9 8 5
Profit before tax 2 2 5 11 12 18 18 14 11 18 26
Tax % 42% 50% 34% 31% 45% 36% 40% 39% 48% 43% 37%
1 1 4 8 7 12 11 9 6 10 16
EPS in Rs 1.86 1.52 5.27 12.91 10.21 18.27 17.18 15.09 10.29 17.84 25.93
Dividend Payout % 0% 0% 0% 0% 0% 3% 3% 3% 5% 11% 15%
Compounded Sales Growth
10 Years: 16%
5 Years: 2%
3 Years: 3%
TTM: 1%
Compounded Profit Growth
10 Years: 30%
5 Years: 7%
3 Years: 20%
TTM: 46%
Stock Price CAGR
10 Years: 23%
5 Years: 19%
3 Years: 19%
1 Year: 13%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 14%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Equity Capital 3 3 3 3 3 3 3 3 3 3 3
Reserves 12 13 16 23 29 39 48 56 62 70 85
8 10 20 15 10 5 0 0 0 0 0
7 11 29 31 33 37 40 40 27 31 30
Total Liabilities 30 37 68 72 75 84 91 99 92 104 118
15 15 34 32 32 30 29 31 26 24 25
CWIP 1 7 1 1 0 1 0 0 1 3 2
Investments 0 0 0 0 0 0 0 0 0 0 0
14 15 33 39 43 53 62 68 65 77 91
Total Assets 30 37 68 72 75 84 91 99 92 104 118

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
4 4 6 10 16 8 15 7 3 19 25
-12 -7 -16 -2 -7 -4 -5 -4 -1 -17 -8
5 1 8 -5 -6 -7 -5 -0 -0 -0 -1
Net Cash Flow -3 -2 -1 4 4 -3 4 2 2 2 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Debtor Days 66 76 79 66 52 64 62 61 52 59 60
Inventory Days 160 217 355 239 157 168 167 152 155 168 172
Days Payable 0 277 545 377 226 218 243 227 146 126 141
Cash Conversion Cycle 226 15 -111 -72 -17 13 -14 -15 61 101 91
Working Capital Days 83 66 55 38 -19 11 28 39 65 68 60
ROCE % 12% 19% 30% 31% 38% 34% 24% 17% 25% 30%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.22% 0.22% 0.22% 0.19% 0.19% 0.19% 0.19% 0.06% 0.00% 0.00% 0.13% 0.18%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.55% 0.62%
24.76% 24.76% 24.76% 24.79% 24.79% 24.79% 24.79% 24.91% 24.97% 24.98% 24.32% 24.20%
No. of Shareholders 5,1214,9045,0465,6235,5425,5165,4405,6196,3186,2706,1916,695

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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