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Ceeta Industries
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Ceeta Industries Ltd was incorporated in 1984 by the Poddar Group, with the setup of a 2500 tpa High Density Polyethylene (HDPE) woven sacks in 1986 with a capital outlay of Rs.419 lacs. Subsequently, in 1991 the Group put up a project to manufacture Crimped / Air Texturised Synthetic Yarn at Udaipur (Rajasthan) with an investment of Rs. 11.4 Crores, funded by a public issue. The meteoric growth of the Ceeta Group continued when in 1994, the Company put up a 100% export oriented unit (EOU) to manufacture granite products, at Tumakuru with an investment of Rs. 18 Crores and expanded their Udaipur Plant.
Due to extreme competition, the Group decided to sell their HDPE Unit as a going concern. In 1999, it closed their Synthetic Yarn Unit in Udaipur since it was no longer viable for the synthetic yarn unit.
Then, the Company was referred to BIFR due to their accumulated losses. The decision of declaring the company as Sick Company was in the hands of BIFR. After the Order received from AAIFR, the Company got into a One-Time-Settlement with ICICI Bank Ltd for restructuring the loans and a Rehabilitation Scheme was submitted to BIFR by the Company.
During the period 2006, the Company restructured its capital by reducing the Face Value of Equity Shares from Rs. 10 to Re. 1 and by issuing additional 72,00,000 equity shares of Re. 1 each to promoters in terms of the Rehabilitation Scheme, which became effective as on 31st March 2006.
Later on, during the year 2015, the Group implemented a project for the manufacture of 6500 PSC Poles per month at Kasia Plant, in Kushinagar (UP) to cater to the requirement of North Bihar Power Distribution Company Limited (NBPDCL). This was scaled up to a unit in Ramgarh which catered 1 lacs poles unit to Jharkhand Bijli Vitran Nigam Limited (JBVNL) till 2020. Both projects were closed upon completion of contracted supply.
In 2018, the Ceeta Group decided to shut down the Granite Unit due to deteriorating margins and cut throat competition. Ceeta survived and thrived through challenging business environments by identifying profitable business opportunities, running them profitably and exiting them if returns in the industry became too low to sustain. At present, the Company is a manufacturer of potato chips and other namkeen snacks. It has its own brand called 'SKITOS'.
During the year 2022-23, the Company got into FMCG line for manufacturing of packaged food products, i.e., different varieties and flavor of ready to eat snacks. It is also engaged in the job work of the same business line. Prior to this, the Company was engaged in business of essential oil apart from the trading in granite products, investment and other activities. The Company's main business is manufacturing of food products at its unit in Tumakuru, Karnataka.
Ceeta Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ceeta Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ceeta Industries is valued compared to its competitors.
Ceeta Industries PE ratio helps investors understand what is the market value of each stock compared to Ceeta Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ceeta Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ceeta Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ceeta Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ceeta Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ceeta Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ceeta Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ceeta Industries helps investors get an insight into when they can enter or exit the stock. Key components of Ceeta Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ceeta Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ceeta Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ceeta Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ceeta Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ceeta Industries .
The balance sheet presents a snapshot of Ceeta Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.