Associated Ceramics Ltd

Associated Cera. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Associated Ceramics Ltd

₹ 307 4.62%
07 Nov 3:40 p.m.
associatedceremics.com BSE: 531168
About

Incorporated in 1970, Associated Ceramics Ltd manufactures and sells refractory items[1]

Key Points

Business Overview:[1]
ACL manufactures refractories for the heat containment industries. Its custom designed refractory products are supplied to industries which includes glass, steel, cement, aluminum and graphite electrode manufacturers, etc.

Website BSE
  • Market Cap ₹ 92.2 Cr.
  • Current Price ₹ 307
  • High / Low ₹ 1,408 / 249
  • Stock P/E 39.4
  • Book Value ₹ 71.4
  • Dividend Yield 0.00 %
  • ROCE 5.69 %
  • ROE 4.09 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.17% over past five years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 40.9 to 54.5 days.

* 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

Figures in Rs. Crores

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
7.48 11.67 10.39 8.83 9.58 14.70 12.74 18.78 7.99 9.13 13.31 10.13 8.95
6.57 10.01 7.30 8.43 8.05 14.29 9.71 16.29 7.97 6.61 11.32 9.76 6.50
Operating Profit 0.91 1.66 3.09 0.40 1.53 0.41 3.03 2.49 0.02 2.52 1.99 0.37 2.45
OPM % 12.17% 14.22% 29.74% 4.53% 15.97% 2.79% 23.78% 13.26% 0.25% 27.60% 14.95% 3.65% 27.37%
0.10 0.13 0.09 0.05 0.07 0.04 0.03 0.47 0.13 0.08 0.08 0.45 0.01
Interest 0.06 0.01 0.00 0.02 0.07 0.10 0.13 0.03 0.04 0.05 0.12 0.14 0.05
Depreciation 0.28 0.28 0.28 0.15 0.23 0.23 0.23 0.89 0.59 1.23 0.97 0.77 0.83
Profit before tax 0.67 1.50 2.90 0.28 1.30 0.12 2.70 2.04 -0.48 1.32 0.98 -0.09 1.58
Tax % 0.00% 0.00% 0.00% 414.29% 0.00% 0.00% 0.00% 77.94% -25.00% 25.76% 25.51% 444.44% 25.95%
0.67 1.50 2.90 -0.88 1.30 0.13 2.70 0.44 -0.35 0.98 0.72 -0.49 1.17
EPS in Rs 2.23 4.99 9.65 -2.93 4.33 0.43 8.99 1.46 -1.16 3.26 2.40 -1.63 3.89
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
32.32 26.51 16.64 25.07 19.52 16.74 27.38 33.65 31.09 38.37 55.80 40.54 41.52
30.25 24.34 15.90 22.93 20.71 16.91 24.17 29.42 26.02 32.28 48.16 35.59 34.19
Operating Profit 2.07 2.17 0.74 2.14 -1.19 -0.17 3.21 4.23 5.07 6.09 7.64 4.95 7.33
OPM % 6.40% 8.19% 4.45% 8.54% -6.10% -1.02% 11.72% 12.57% 16.31% 15.87% 13.69% 12.21% 17.65%
0.45 0.16 0.24 0.08 0.37 0.70 0.30 0.75 0.50 0.37 0.61 0.74 0.62
Interest 0.33 0.63 0.09 0.45 1.09 0.89 0.47 0.41 0.24 0.12 0.51 0.41 0.36
Depreciation 1.13 0.91 0.61 1.09 1.79 1.56 1.33 1.27 1.13 0.99 1.57 3.56 3.80
Profit before tax 1.06 0.79 0.28 0.68 -3.70 -1.92 1.71 3.30 4.20 5.35 6.17 1.72 3.79
Tax % 44.34% 31.65% 17.86% 239.71% -14.05% 4.17% -10.53% 1.52% -7.86% 21.68% 25.77% 50.58%
0.59 0.54 0.23 -0.94 -3.16 -2.00 1.88 3.26 4.54 4.18 4.58 0.86 2.38
EPS in Rs 1.96 1.80 0.77 -3.13 -10.52 -6.66 6.26 10.85 15.11 13.91 15.24 2.86 7.92
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 9%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: -16%
3 Years: -44%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -9%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 15%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28
Reserves 13.59 14.12 14.36 13.38 9.66 7.65 9.53 12.79 17.32 21.49 18.33 19.18
6.22 6.09 4.99 14.09 13.79 12.02 3.50 5.77 7.55 5.14 16.07 16.75
8.59 8.28 8.00 7.74 7.36 5.30 8.86 7.46 4.46 4.67 10.63 9.33
Total Liabilities 30.68 30.77 29.63 37.49 33.09 27.25 24.17 28.30 31.61 33.58 47.31 47.54
7.34 6.52 5.49 13.74 12.66 11.12 10.14 9.74 10.77 10.95 25.29 25.07
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.10 0.00 0.00
Investments 0.13 0.13 0.25 0.25 0.59 0.56 0.99 0.66 1.37 1.69 1.55 1.80
23.21 24.12 23.89 23.50 19.84 15.57 13.04 17.90 19.47 16.84 20.47 20.67
Total Assets 30.68 30.77 29.63 37.49 33.09 27.25 24.17 28.30 31.61 33.58 47.31 47.54

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.13 -0.74 0.00 0.00 3.53 9.01 -0.39 0.18 8.38 8.62 16.39
-0.10 -0.68 0.00 0.00 -0.01 -0.29 -0.85 -2.15 -5.33 -11.78 -7.29
-0.14 2.00 0.00 0.00 -3.16 -8.96 1.87 1.55 -2.50 2.84 -9.38
Net Cash Flow -0.37 0.59 0.00 0.00 0.36 -0.25 0.63 -0.42 0.54 -0.31 -0.28

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82.78 98.86 73.26 59.40 121.92 124.07 37.33 51.85 92.39 29.30 38.99 54.47
Inventory Days 209.66 254.44 605.87 316.46 253.16 331.45 207.83 166.51 203.88 246.15 145.79 145.43
Days Payable 96.53 100.30 126.86 95.58 113.88 123.58 113.31 51.59 68.03 60.57 68.85 72.51
Cash Conversion Cycle 195.91 253.00 552.28 280.28 261.20 331.94 131.84 166.76 228.24 214.88 115.93 127.39
Working Capital Days 151.56 206.11 302.92 245.91 243.83 229.81 60.52 110.53 173.87 107.97 61.95 -17.38
ROCE % 6.49% 6.33% 4.36% -9.37% -4.03% 12.88% 20.53% 20.00% 19.62% 20.31% 5.69%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.31% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.35%
55.69% 44.67% 44.67% 44.67% 44.68% 44.67% 44.67% 44.67% 44.67% 44.68% 44.68% 44.66%
No. of Shareholders 6224854844844844874865098761,2871,5221,498

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