Morganite Crucible(I

₹1710 16.6 | 1%

WEBSITE BSE:523160 NSE : MORGAN CRU 18 May, 12:50

Market Cap ₹958 Cr.

Stock P/E 38.6

P/B 6.7

Current Price ₹1710

Book Value ₹ 256.5

Face Value 5

52W High ₹1784.6

Dividend Yield 1.17%

52W Low ₹ 940

Edit Ratio

Morganite Crucible(I Research see more...

Overview Inc. Year: 1986Industry: Refractories

Morganite Crucible (India) Ltd is engaged in manufacturing and selling of silicon carbide and clay graphite crucibles and its accessories. The Company's geographical segments include India and Outside India. The Company's Outside India section consists of Asia and Far East, Europe, Africa and Middle East, North America and others. The Company is in product improvement, along with induction crucible, better capacity crucibles, aluminium scrap melting crucibles and degassing rotors. The Company is likewise engaged inside the development of Ultramelt blend for high erosion resistance crucibles. The Company's plant is placed at B-11, MIDC Waluj in Aurangabad, Maharashtra. The Company's subsidiary, Diamond Crucible Company Ltd (DCCL), has its production facility at Mehsana, Gujarat.

Morganite Crucible(I Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Morganite Crucible(I Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	37	41	41	40	39	41	34	43	45	40
Other Income	0	16	11	1	0	2	2	1	1	3
Total Income	37	58	52	41	39	43	36	44	46	43
Total Expenditure	28	31	36	34	32	33	30	31	33	31
Operating Profit	9	26	16	8	7	10	5	13	14	11
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	24	14	6	5	8	3	11	12	9
Provision for Tax	2	6	1	2	1	2	1	3	3	2
Profit After Tax	5	18	13	4	4	6	2	8	8	7
Adjustments	-0	0	0	0	-0	0	-0	-0	-0	0
Profit After Adjustments	5	18	13	4	4	6	2	8	8	7
Adjusted Earnings Per Share	9.4	32.4	23.6	7.7	7	10.5	3.5	13.9	14.8	11.9

Morganite Crucible(I Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	80	81	89	89	111	109	120	129	107	152	155	162
Other Income	1	2	1	2	2	3	6	7	4	29	5	7
Total Income	81	83	89	91	114	112	126	135	111	181	159	169
Total Expenditure	62	64	71	68	83	87	100	111	96	123	129	125
Operating Profit	18	19	19	23	31	26	26	24	15	59	30	43
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	4	5	8	7	5	4	4	5	6	7	8	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-3	3	0	0
Profit Before Tax	14	13	11	16	26	21	22	18	6	54	22	35
Provision for Tax	6	5	5	6	10	8	6	5	7	11	6	9
Profit After Tax	9	8	6	10	17	14	15	13	-1	43	16	25
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	9	8	6	10	17	14	15	13	-1	43	16	25
Adjusted Earnings Per Share	15.3	15	10.8	17.6	29.6	24.8	27.4	23.4	-1.7	77.5	28.8	44.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	6%	7%	7%
Operating Profit CAGR	-49%	8%	3%	5%
PAT CAGR	-63%	7%	3%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	67%	25%	18%	26%
ROE Average	13%	17%	16%	16%
ROCE Average	18%	24%	23%	25%

Morganite Crucible(I Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	48	56	61	70	80	91	99	108	102	123	127
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2	2	0	-1	-1	-1	-0	-1	-2	-1	-1
Total Current Liabilities	26	24	14	18	38	23	28	32	37	32	34
Total Liabilities	76	82	75	87	117	114	127	139	138	154	160
Fixed Assets	25	23	18	15	25	27	31	32	30	38	53
Other Non-Current Assets	10	12	15	11	7	5	9	25	24	18	6
Total Current Assets	41	47	43	60	85	82	87	82	83	98	100
Total Assets	76	82	75	87	117	114	127	139	138	154	160

Morganite Crucible(I Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	5	8	11	12	16	32	36	21	28	36	36
Cash Flow from Operating Activities	12	6	3	18	25	17	21	11	19	26	32
Cash Flow from Investing Activities	-4	-2	-1	-15	-8	-10	-29	0	-7	-2	-10
Cash Flow from Financing Activities	-5	-0	-0	-0	-1	-3	-7	-4	-4	-24	-12
Net Cash Inflow / Outflow	3	4	2	2	16	4	-15	7	7	-0	10
Closing Cash & Cash Equivalent	8	11	12	14	32	36	21	28	36	36	45

Morganite Crucible(I Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	15.27	15.04	10.75	17.64	29.63	24.79	27.44	23.42	-1.67	77.49	28.78
CEPS(Rs)	22.6	23.36	24.81	30.33	37.96	32.34	35.15	32.97	8.44	90.71	42.63
DPS(Rs)	0.5	0.5	0.5	2	4	8	8	8	0	54	20
Book NAV/Share(Rs)	84.87	99.32	109.21	124.44	142.34	162.36	177.14	192.54	182.92	218.85	226.7
Core EBITDA Margin(%)	20.95	19.78	19.71	22.01	24.41	20.69	16.82	13.32	9.8	19.52	16.29
EBIT Margin(%)	16.98	16.58	11.77	16.98	22.52	19.74	18.2	14.33	5.44	35.66	14.41
Pre Tax Margin(%)	16.82	16.03	11.66	16.89	22.41	19.63	18.2	14.32	5.44	35.66	14.41
PAT Margin (%)	10.1	10.08	6.56	10.74	14.17	12.72	12.79	10.2	-0.87	28.4	10.4
Cash Profit Margin (%)	14.95	15.65	15.13	18.46	18.16	16.59	16.38	14.36	4.41	33.25	15.41
ROA(%)	10.74	10.68	7.66	12.22	16.3	12.04	12.78	9.88	-0.68	29.77	10.26
ROE(%)	19.7	16.33	10.31	15.1	22.22	16.27	16.17	12.67	-0.89	38.57	12.92
ROCE(%)	31.34	26.87	18.51	23.88	35.3	25.26	23	17.79	5.55	48.43	17.89
Receivable days	61.2	59.91	50.66	52.51	51.19	59.16	51.65	57.11	77.43	63.97	68.71
Inventory Days	59.69	59.9	52.94	47.8	42.92	56.26	58.44	59.89	66.87	48.29	54.32
Payable days	239.36	235.67	180.09	124.1	111.45	152.9	147.85	149.43	169.38	143.27	140.97
PER(x)	10.02	9.09	25.48	11.55	14.96	25.18	26.06	30.47	0	13.23	30.18
Price/Book(x)	1.8	1.38	2.51	1.64	3.11	3.85	4.04	3.71	4.38	4.69	3.83
Dividend Yield(%)	0.33	0.37	0.18	0.98	0.9	1.28	1.12	1.12	0	5.27	2.3
EV/Net Sales(x)	0.96	0.79	1.59	1	1.82	2.83	2.96	2.89	3.85	3.53	2.85
EV/Core EBITDA(x)	4.13	3.44	7.56	3.9	6.52	12	13.59	15.62	28.18	9.15	14.66
Net Sales Growth(%)	0.23	0.83	10.09	-0.03	25.6	-2	10.07	7.01	-16.88	42.58	1.47
EBIT Growth(%)	-2.37	-3.63	-21.98	44.51	68.78	-18.28	1.45	-15.74	-68.31	833.45	-59.03
PAT Growth(%)	-5.87	-1.51	-28.5	64	68.03	-16.33	10.68	-14.64	-107.12	4742.99	-62.85
EPS Growth(%)	-5.87	-1.51	-28.5	64	68.03	-16.33	10.68	-14.64	-107.12	4743.07	-62.85
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.55	1.9	3.11	3.28	2.24	3.51	3.14	2.59	2.27	3.03	2.94
Quick Ratio(x)	1.05	1.32	2.21	2.64	1.83	2.74	2.39	1.91	1.79	2.33	2.25
Interest Cover(x)	107.86	30.12	105.21	176.04	210.6	175.47	0	2488.97	0	0	0
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Morganite Crucible(I Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0.22	0.22	0.22	0.19	0.19	0.19	0.19	0.06	0	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	24.76	24.76	24.76	24.79	24.79	24.79	24.79	24.92	24.98	24.98
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Others	0	0	0	0	0	0	0	0	0	0
Total	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56

Pros

Debtor days have improved from 143.27 to 140.97days.
Company is almost debt free.

Cons

Stock is trading at 6.7 times its book value.
The company has delivered a poor profit growth of 2% 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.

Morganite Crucible(I News

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Morganite Crucible(I

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Morganite Crucible(I Research see more...

Overview Inc. Year: 1986Industry: Refractories

Morganite Crucible(I Share Price

Alert Data

Quarterly Price

Peer Comparison

Morganite Crucible(I Quarterly Results

Morganite Crucible(I Profit & Loss

Growth Rates

Morganite Crucible(I Balance Sheet

Morganite Crucible(I Cash Flow

Morganite Crucible(I Ratios

Morganite Crucible(I Shareholding Pattern

Morganite Crucible(I News

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