Business Standard

Murudeshwar Ceramics Share Price

Know More
NSEBSE

48.75-1.80 (-3.56%)

03:44 PM,15th Apr 2024

48.85-1.81 (-3.57%)

03:30 PM,15th Apr 2024

BSE : 515037

NSE : MURUDCERA

Sector : Consumer

ISIN Code : INE692B01014

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Apr 15 2024 | 03:30 PM IST

Market Cap (₹ Cr)

295

Turnover (₹ Cr)

0.07

Volume (Shares)

145629

Face Value

10

52-WK High

71.90

52-WK High Date

31 Oct 2023

52-WK Low

33.60

52-WK Low Date

17 Apr 2023

All Time High

118.21

All Time High Date

19 Jul 2007

All Time Low

3.03

All Time Low Date

11 Nov 1998

Murudeshwar Ceramics Ltd

Murudeshwar Ceramics Limited (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 single-firing process at Krishnapur (near Hubli) Karnataka. MCL sourced the technical know-how for the project from Sacmi Imola (SACMI) Italy which also supplied the plant and machinery for the project. The Company is manufacturing and trading Ceramic and Vitrified floor & wall Tiles. It is operating 2 manufacturing plants at Sira Dist. Tumkur and Karaikal Pondicherry. The Company is trading outsourced Vitrified Tiles and Ceramic Tiles as well. The products are branded as Naveen Ceramic Tiles and Naveen Diamontile. To part-finance this Rs 13.45-cr 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 1989-90 to 25000 tpa by installing balancing equipment. In 1992-93 the company undertook an expansion-cum-diversification project to increase its capacity from 25000 tpa to 40000 tpa by adding a 15000-tpa 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 41.85-cr project was financed by a Rs 15.45-cr rights issue of equity capital (premium : Rs 50) a Rs 16.2-cr 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 11-month 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.During 2003-04 the expanded capacity at 5000 Sq. mtrs of Vitrified tiles per day at Karaikal was operational from July 2004. The Granite Division of the Company In Anekal Taluk near Bangalore commenced the commercial production from May 2005. The Company opened 8 new show-rooms and 4 depots during the year 2005. The Ceramic tile unit was made operational since Jan'07. The Company installed Coal Gasification unit to fuel two of the four kilns at Hubli unit in 2009. The Company acquired 237200 Equity Shares in RNS Power Limited (a Group Company) and thus RNS Power Limited became an Associate of the Company during 2021-22. During 2022-23 the Company increased the production capacity of Vitrified tiles at Sira Plant by 8000 sq. mtrs. per day and increase the production capacity of Ceramic Wall tile at Karaikal Plant by 3000 sq. mtrs. per day.

Murudeshwar Ceramics Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

295

EPS - TTM (₹) [S]

1.10

P/E Ratio (X) [S]

0.81

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 14 Sep 2023
Dividend Yield (%) 0.98
Book Value Share (₹) [S]59.82
P/B Ratio (₹) [S]0.81
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

48.00

51.20

Week Low/High

48.00

54.00

Month Low/High

44.50

54.00

Year Low/High

33.60

72.00

All time Low/High

3.15

118.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-5.72%-6.52%-1.80-1.74%
1 Month5.84%5.06%1.041.13%
3 Month-13.38%-11.68%0.100.79%
6 Month-11.56%-10.96%10.7412.77%
1 Year39.85%39.68%21.4624.93%
3 Year154.57%155.24%50.4052.75%

Company Info

Company Information

Chairman & Managing Director : Satish R Shetty

Director : Sunil R Shetty

Director : Naveen R Shetty

Independent Director : S S Hiremath

Independent Director : Annappayya Kundapur

Independent Director : Keremane Sankappa Shetty

Independent Director : Sarvani Alva

Whole-time Director : Karan Satish Shetty

Company Sec. & Compli. Officer : Ashok Kumar

Independent Director : Sathya Murthy Padaki

Registered Office: 604/B Murudeshwar Bhavan, Gokul Road,Hubli,Karnataka-580030 Ph: 91-0836-2331615-18

Email:investor@naveentile.com; cosec@naveentile.com; mc

URL:http://www.naveentile.com