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Murudeshwar Ceramics

NSEI:MURUDCERA
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MURUDCERA
NSEI
₹428M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Murudeshwar Ceramics Ltd. manufactures and sells ceramic and vitrified tiles in India, the Americas, South America, Europe, and internationally. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Murudeshwar Ceramics has significant price volatility in the past 3 months.
MURUDCERA Share Price and Events
7 Day Returns
-5.8%
NSEI:MURUDCERA
-8.4%
IN Building
-2.9%
IN Market
1 Year Returns
-56.8%
NSEI:MURUDCERA
-31.2%
IN Building
-29.3%
IN Market
MURUDCERA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Murudeshwar Ceramics (MURUDCERA) -5.8% -37.8% -42.8% -56.8% -79.4% -60.1%
IN Building -8.4% -30% -28% -31.2% -24.1% 15.4%
IN Market -2.9% -26.5% -28.5% -29.3% -20% -8.3%
1 Year Return vs Industry and Market
  • MURUDCERA underperformed the Building industry which returned -31.2% over the past year.
  • MURUDCERA underperformed the Market in India which returned -29.3% over the past year.
Price Volatility
MURUDCERA
Industry
5yr Volatility vs Market

Value

 Is Murudeshwar Ceramics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Murudeshwar Ceramics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Murudeshwar Ceramics.

NSEI:MURUDCERA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 22.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:MURUDCERA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Building Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 35%) (213.02%))
2.052
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (2 * 7.85%)
22.18%

Discounted Cash Flow Calculation for NSEI:MURUDCERA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Murudeshwar Ceramics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:MURUDCERA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 22.18%)
2020 52.46 Est @ 11.29% 42.94
2021 57.63 Est @ 9.85% 38.61
2022 62.72 Est @ 8.84% 34.39
2023 67.82 Est @ 8.13% 30.43
2024 73.00 Est @ 7.63% 26.81
2025 78.32 Est @ 7.29% 23.54
2026 83.84 Est @ 7.05% 20.63
2027 89.60 Est @ 6.88% 18.04
2028 95.66 Est @ 6.76% 15.77
2029 102.04 Est @ 6.67% 13.76
Present value of next 10 years cash flows ₹264.00
NSEI:MURUDCERA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹102.04 × (1 + 6.48%) ÷ (22.18% – 6.48%)
₹692.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹692.06 ÷ (1 + 22.18%)10
₹93.36
NSEI:MURUDCERA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹264.00 + ₹93.36
₹357.36
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹357.36 / 47.57
₹7.51
NSEI:MURUDCERA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:MURUDCERA represents 0.99444x of BSE:515037
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99444x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 7.51 x 0.99444
₹7.47
Value per share (INR) From above. ₹7.47
Current discount Discount to share price of ₹8.95
= -1 x (₹8.95 - ₹7.47) / ₹7.47
-19.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Murudeshwar Ceramics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Murudeshwar Ceramics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Murudeshwar Ceramics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MURUDCERA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹1.98
BSE:515037 Share Price ** BSE (2020-03-27) in INR ₹9
India Building Industry PE Ratio Median Figure of 34 Publicly-Listed Building Companies 7.26x
India Market PE Ratio Median Figure of 2,615 Publicly-Listed Companies 9.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Murudeshwar Ceramics.

NSEI:MURUDCERA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:515037 Share Price ÷ EPS (both in INR)

= 9 ÷ 1.98

4.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Murudeshwar Ceramics is good value based on earnings compared to the IN Building industry average.
  • Murudeshwar Ceramics is good value based on earnings compared to the India market.
Price based on expected Growth
Does Murudeshwar Ceramics's expected growth come at a high price?
Raw Data
NSEI:MURUDCERA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Building Industry PEG Ratio Median Figure of 8 Publicly-Listed Building Companies 0.9x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Murudeshwar Ceramics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Murudeshwar Ceramics's assets?
Raw Data
NSEI:MURUDCERA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹71.90
BSE:515037 Share Price * BSE (2020-03-27) in INR ₹9
India Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 0.52x
India Market PB Ratio Median Figure of 3,615 Publicly-Listed Companies 0.62x
NSEI:MURUDCERA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:515037 Share Price ÷ Book Value per Share (both in INR)

= 9 ÷ 71.90

0.13x

* Primary Listing of Murudeshwar Ceramics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Murudeshwar Ceramics is good value based on assets compared to the IN Building industry average.
X
Value checks
We assess Murudeshwar Ceramics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Murudeshwar Ceramics has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Murudeshwar Ceramics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Murudeshwar Ceramics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.8%
Expected Building industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Murudeshwar Ceramics expected to grow at an attractive rate?
  • Unable to compare Murudeshwar Ceramics's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Murudeshwar Ceramics's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Murudeshwar Ceramics's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MURUDCERA Future Growth Rates Data Sources
Data Point Source Value (per year)
India Building Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
India Building Industry Revenue Growth Rate Market Cap Weighted Average 13.3%
India Market Earnings Growth Rate Market Cap Weighted Average 19.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:MURUDCERA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MURUDCERA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,217 94
2019-09-30 1,235 104
2019-06-30 1,265 40
2019-03-31 1,258 146 48
2018-12-31 1,209 62
2018-09-30 1,170 55
2018-06-30 1,150 40
2018-03-31 1,194 49 49
2017-12-31 1,079 25
2017-09-30 1,080 24
2017-06-30 1,079 27
2017-03-31 1,052 228 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Murudeshwar Ceramics is high growth as no earnings estimate data is available.
  • Unable to determine if Murudeshwar Ceramics is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MURUDCERA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Murudeshwar Ceramics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MURUDCERA Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 1.98
2019-09-30 2.20
2019-06-30 0.83
2019-03-31 1.01
2018-12-31 1.38
2018-09-30 1.12
2018-06-30 0.90
2018-03-31 1.09
2017-12-31 0.54
2017-09-30 0.56
2017-06-30 0.62
2017-03-31 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Murudeshwar Ceramics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Murudeshwar Ceramics is trading at Murudeshwar Ceramics'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Murudeshwar Ceramics's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Murudeshwar Ceramics's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Murudeshwar Ceramics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Murudeshwar Ceramics has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Murudeshwar Ceramics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Murudeshwar Ceramics's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Murudeshwar Ceramics has delivered over 20% year on year earnings growth in the past 5 years.
  • Murudeshwar Ceramics's 1-year earnings growth exceeds its 5-year average (52.2% vs 39.9%)
  • Murudeshwar Ceramics's earnings growth has exceeded the IN Building industry average in the past year (52.2% vs 1.6%).
Earnings and Revenue History
Murudeshwar Ceramics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Murudeshwar Ceramics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MURUDCERA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,216.96 93.88 135.19
2019-09-30 1,234.91 103.74 140.92
2019-06-30 1,264.79 40.06 206.93
2019-03-31 1,257.80 47.93 147.56
2018-12-31 1,208.74 61.67 166.03
2018-09-30 1,170.00 55.14 177.01
2018-06-30 1,150.29 39.72 236.16
2018-03-31 1,193.89 49.22 178.03
2017-12-31 1,078.60 24.70 151.93
2017-09-30 1,079.62 23.64 140.50
2017-06-30 1,078.68 26.61 224.16
2017-03-31 1,052.45 13.17 152.59
2016-12-31 1,118.87 21.89 155.27
2016-09-30 1,130.13 19.86 163.13
2016-06-30 1,155.92 16.65 256.49
2016-03-31 1,150.22 15.70 166.79
2015-12-31 1,200.25 18.56 268.67
2015-09-30 1,263.04 18.11 269.81
2015-06-30 1,319.68 17.51 249.24
2015-03-31 1,380.71 17.19 148.75
2014-12-31 1,376.70 7.82 275.27
2014-09-30 1,380.72 8.59 275.65
2014-06-30 1,418.67 10.82 255.19
2014-03-31 1,450.42 11.68 278.74
2013-12-31 1,412.26 14.02 297.66
2013-09-30 1,454.86 12.31 309.16
2013-06-30 1,447.66 9.67 282.06
2013-03-31 1,441.36 8.37 313.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Murudeshwar Ceramics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Murudeshwar Ceramics used its assets less efficiently than the IN Building industry average last year based on Return on Assets.
  • Murudeshwar Ceramics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Murudeshwar Ceramics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Murudeshwar Ceramics has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Murudeshwar Ceramics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Murudeshwar Ceramics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Murudeshwar Ceramics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Murudeshwar Ceramics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Murudeshwar Ceramics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Murudeshwar Ceramics Company Filings, last reported 2 months ago.

NSEI:MURUDCERA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,400.46 912.09 32.46
2019-09-30 3,400.46 912.09 32.46
2019-06-30 3,330.71 955.91 30.33
2019-03-31 3,330.71 955.91 30.33
2018-12-31 3,458.48 991.01 31.68
2018-09-30 3,458.48 991.01 31.68
2018-06-30 3,383.34 1,036.44 43.72
2018-03-31 3,223.11 1,036.44 43.72
2017-12-31 3,345.47 989.51 29.56
2017-09-30 3,345.47 989.51 29.56
2017-06-30 3,281.74 999.04 59.91
2017-03-31 3,276.75 997.65 59.91
2016-12-31 3,157.40 979.26 80.51
2016-09-30 3,157.40 979.26 80.51
2016-06-30 3,149.07 1,028.21 71.47
2016-03-31 3,149.07 1,028.21 71.47
2015-12-31 3,099.83 983.56 64.06
2015-09-30 3,099.83 983.56 64.06
2015-06-30 3,095.66 1,086.65 53.95
2015-03-31 3,095.66 1,086.65 53.95
2014-12-31 3,081.73 1,156.11 59.40
2014-09-30 3,081.73 1,156.11 59.40
2014-06-30 3,078.47 1,243.84 59.77
2014-03-31 3,078.47 1,243.84 59.77
2013-12-31 3,073.14 1,250.89 50.72
2013-09-30 3,073.14 1,250.89 50.72
2013-06-30 3,040.84 1,333.35 51.56
2013-03-31 3,040.84 1,333.35 51.56
  • Murudeshwar Ceramics's level of debt (26.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (37.5% vs 26.8% today).
  • Debt is not well covered by operating cash flow (16%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Murudeshwar Ceramics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Murudeshwar Ceramics has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Murudeshwar Ceramics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Murudeshwar Ceramics dividends.
If you bought ₹2,000 of Murudeshwar Ceramics shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Murudeshwar Ceramics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Murudeshwar Ceramics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:MURUDCERA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Building Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.9%
India Minimum Threshold Dividend Yield 10th Percentile 0.5%
India Bottom 25% Dividend Yield 25th Percentile 1%
India Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MURUDCERA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2011-05-30 0.000 0.000
2011-01-31 0.000 0.000
2010-10-28 0.000 0.000
2010-07-26 0.000 0.000
2010-06-25 0.000 0.000
2010-05-05 0.000 0.000
2009-06-01 0.600 1.763

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Murudeshwar Ceramics has not reported any payouts.
  • Unable to verify if Murudeshwar Ceramics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Murudeshwar Ceramics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Murudeshwar Ceramics has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Murudeshwar Ceramics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Murudeshwar Ceramics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Murudeshwar Ceramics has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Murudeshwar Ceramics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Satish Shetty
COMPENSATION ₹7,200,000
AGE 57
CEO Bio

Mr. Satish Rama Shetty serves as the Chief Executive Officer of Murudeshwar Ceramics Ltd., and has been its Managing Director since 1997. Shri. Shetty has taken a very active part in every expansion and diversification projects of Murudeshwar Ceramics including establishment of Vitrified tile manufacturing unit at Karaikal. He has nearly 20 years of experience in the construction industry. He has been an Executive Director of Murudeshwar Ceramics since December 1987. He has been a Whole Time Director at RNS Infrastructure Limited since August 30, 2006. Shri. Shetty serves as a Director of Naveen Hotels Ltd., Naveen Mechanised Construction Co. Pvt. Ltd., Naveen Structurals & Engineering Co. Pvt. Ltd., Murdeshwar Power Corporation Ltd., Murudeshwar Finance & Leasing Ltd., Murudeshwar Infosystems Ltd., Firebricks & Potteries Pvt. Ltd., Sairam Mines & Minerals Pvt. Ltd., Fire Bricks & Potteries Private Limited, Murudeshwar Power Corporation Limited,RNS Motors Ltd., Shri Murudeshwar Tiles Pvt. Ltd. and Indian Council of Ceramic Tiles and Sanitary Ware Ltd. Shri. Shetty is a graduate in Mechanical Engineering from Karnataka University.

CEO Compensation
  • Satish's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Satish's remuneration is higher than average for companies of similar size in India.
Management Team

Satish Shetty

TITLE
MD, CEO & Executive Director
COMPENSATION
₹7M
AGE
57

Narayan Hegde

TITLE
VP of Finance & CFO
COMPENSATION
₹1M

Ashok Kumar

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹451K
TENURE
1.6 yrs

Karan Shetty

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
26
TENURE
1.6 yrs

Mukul Agrawal

TITLE
Executive
Board of Directors Tenure

Average tenure and age of the Murudeshwar Ceramics board of directors in years:

8.4
Average Tenure
75
Average Age
  • The tenure for the Murudeshwar Ceramics board of directors is about average.
Board of Directors

Rama Shetty

TITLE
Non-Executive & Non-Independent Chairman
AGE
91

Satish Shetty

TITLE
MD, CEO & Executive Director
COMPENSATION
₹7M
AGE
57
TENURE
32.3 yrs

Karan Shetty

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
26
TENURE
1.6 yrs

Annappayya Kundapur

TITLE
Independent Non-Executive Director
COMPENSATION
₹100K
AGE
73
TENURE
8.9 yrs

Sankappa Shetty

TITLE
Non-Executive & Independent Director
COMPENSATION
₹100K
AGE
77
TENURE
7.8 yrs

Naveen Shetty

TITLE
Non-Executive & Non-Independent Director
AGE
51
TENURE
24.3 yrs

Sunil Shetty

TITLE
Non-Executive & Non-Independent Director
AGE
54

Shivabasayya Hiremath

TITLE
Non-Executive & Independent Director
COMPENSATION
₹80K
AGE
82
TENURE
11.7 yrs

Sarvani Alva

TITLE
Non-Executive & Independent Director
COMPENSATION
₹70K
AGE
79
TENURE
5.7 yrs

Sathya Padaki

TITLE
Additional Independent Director
COMPENSATION
₹26K
AGE
83
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Murudeshwar Ceramics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Murudeshwar Ceramics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

The Murudeshwar Ceramics (NSE:MURUDCERA) Share Price Is Down 58% So Some Shareholders Are Wishing They Sold

Check out our latest analysis for Murudeshwar Ceramics To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … A Different Perspective We regret to report that Murudeshwar Ceramics shareholders are down 58% for the year. … However, it could simply be that the share price has been impacted by broader market jitters.

Simply Wall St -

Is Murudeshwar Ceramics Limited's (NSE:MURUDCERA) CEO Pay Fair?

View our latest analysis for Murudeshwar Ceramics How Does Satish Shetty's Compensation Compare With Similar Sized Companies? … It would therefore appear that Murudeshwar Ceramics Limited pays Satish Shetty more than the median CEO remuneration at companies of a similar size, in the same market. … We compared total CEO remuneration at Murudeshwar Ceramics Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Does Murudeshwar Ceramics (NSE:MURUDCERA) Have A Healthy Balance Sheet?

Check out our latest analysis for Murudeshwar Ceramics What Is Murudeshwar Ceramics's Debt? … NSEI:MURUDCERA Historical Debt, July 23rd 2019 A Look At Murudeshwar Ceramics's Liabilities Zooming in on the latest balance sheet data, we can see that Murudeshwar Ceramics had liabilities of ₹975.1m due within 12 months and liabilities of ₹429.3m due beyond that. … Because it carries more debt than cash, we think it's worth watching Murudeshwar Ceramics's balance sheet over time.

Simply Wall St -

What Does Murudeshwar Ceramics Limited's (NSE:MURUDCERA) P/E Ratio Tell You?

See our latest analysis for Murudeshwar Ceramics How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Murudeshwar Ceramics: P/E of 23.15 = ₹18.75 ÷ ₹0.81 (Based on the year to March 2019.) Is A High P/E Ratio Good? … The Verdict On Murudeshwar Ceramics's P/E Ratio Murudeshwar Ceramics has a P/E of 23.1.

Simply Wall St -

Our Take On Murudeshwar Ceramics Limited's (NSE:MURUDCERA) CEO Salary

The CEO of Murudeshwar Ceramics Limited (NSE:MURUDCERA) is Satish Shetty. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Satish Shetty's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Why Murudeshwar Ceramics Limited’s (NSE:MURUDCERA) Use Of Investor Capital Doesn’t Look Great

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Does Murudeshwar Ceramics Limited's (NSE:MURUDCERA) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Murudeshwar Ceramics Limited's (NSE:MURUDCERA) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Did You Miss Murudeshwar Ceramics's 60% Share Price Gain?

Unfortunately for shareholders, while the Murudeshwar Ceramics Limited (NSE:MURUDCERA) share price is up 60% in the last five years, that's less than the market return. … While Murudeshwar Ceramics made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … In the last 5 years Murudeshwar Ceramics saw its revenue shrink by 5.5% per year.

Simply Wall St -

What Percentage Of Murudeshwar Ceramics Limited (NSE:MURUDCERA) Shares Do Insiders Own?

Every investor in Murudeshwar Ceramics Limited (NSE:MURUDCERA) should be aware of the most powerful shareholder groups. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Check out our latest analysis for Murudeshwar Ceramics

Simply Wall St -

Why You Should Care About Murudeshwar Ceramics Limited’s (NSE:MURUDCERA) Low Return On Capital

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Company Info

Description

Murudeshwar Ceramics Ltd. manufactures and sells ceramic and vitrified tiles in India, the Americas, South America, Europe, and internationally. It offers wall tiles, such as bathroom, kitchen, and outdoor tiles; and floor tiles, such as glazed and polished glazed vitrified, double charge, soluble salt, full body, and exteriors tiles, as well as wooden strips under the Naveen Ceramic Tiles and Naveen Diamontile brand names. The company was founded in 1983 and is based in Bengaluru, India.

Details
Name: Murudeshwar Ceramics Ltd.
MURUDCERA
Exchange: NSEI
Founded: 1983
₹428,165,298
47,573,922
Website: http://www.naveentiles.co.in
Address: Murudeshwar Ceramics Ltd.
Naveen Complex,
7th Floor,
Bengaluru,
Karnataka, 560001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 515037 Equity Shares Mumbai Stock Exchange IN INR 06. Dec 1994
NSEI MURUDCERA Equity Shares National Stock Exchange of India IN INR 06. Dec 1994
Number of employees
Current staff
Staff numbers
327
Murudeshwar Ceramics employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 13:01
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.