Murudeshwar Ceramics Ltd
MURU

Murudeshwar Ceramics Ltd (MURUDCERA)

₹24.153.42%

Key Stats

₹23.75
Day's Price Range
₹24.25
₹21.7
52-Week Price Range
₹35.8
1 Month Return-13.04 %
3 Month Return-7.53 %
1 Year Return-10.71 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 3
17.42
EPS
Rank 6
₹1.34
BVPS
Rank 7
Dividend Yield
Rank 6
ROE
Rank 12
-3.56%
Price To Book Ratio
Rank 7
Debt To Asset
Rank 7

Company Information

Murudeshwar Ceramics MCL was promoted in 1983 by R N Shetty and Associates along with the KSIIDC to manufacture 12500 tpa of glazed ceramic tiles using the singlefiring process at Krishnapur near Hubli Karnataka. MCL sourced the technical knowhow for the project from Sacmi Imola SACMI Italy which also supplied the plant and machinery for the project.To partfinance this Rs 13.45cr project it entered the capital market in Jan.88 with a public issue of Rs 1.65 cr. It started commercial production on 1 May 88 without any time or cost overrun. In view of the satisfactory performance the company expanded the production capacity in 198990 to 25000 tpa by installing balancing equipment. In 199293 the company undertook an expansioncumdiversification project to increase its capacity from 25000 tpa to 40000 tpa by adding a 15000tpa capacity to produce vitrified tiles and by setting up facilities to process 72000 sq mtr pa of granite slabs at Chalamatti Dharwad district Karnataka. This Rs 41.85cr project was financed by a Rs 15.45cr rights issue of equity capital premium : Rs 50 a Rs 16.2cr rights issue of partly convertible debentures rupee term loans worth Rs 10 cr from the ICICI and a state subsidy of Rs 20 lac. Commercial production of vitrified tiles was scheduled to commence from Mar.93 and that of granite slabs from Sep.93. The control panel of the granite slabs unit was damaged by a fire during installation thus delaying the implementation of the granite processing project with the control panel having to be imported again from the supplier. The granite slab project commenced commercial production in Mar.95. As for the vitrified tile project there was a delay in the supply of the polishing line resulting in a 11month delay in the implementation of the project. The resulting cost overrun of Rs 3.75 cr in these projects was met through internal accruals.The company came out with a public issue in Jan.96 to expand its capacity for tile manufacture tpa to 75000 tpa and to set up additional facilities at its existing site to manufacture an additional 10000 tpa of vitrified tiles and 25000 tpa of mono porosa wall tiles.The expansion program to cover both Ceramic and Vitrified tiles of capacity of 30000 t.p.a. which also includes production of larger tiles of the size 120 cm 60 cm.The total cost of the expansion project is about Rs.66 Crores out of which Rs.50 crores will be loan component and the balance will be internal generation.
OrganisationMurudeshwar Ceramics Ltd
HeadquartersHubli
IndustryCeramic Products