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Morganite Crucible (India)
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Morganite Crucible (India) Limited (Formerly known Greaves Morganite Crucible Ltd.) jointly promoted by Morganite Crucible Limited and Morgan Terrassan BV, was incorporated in January 13, 1986. The Company is primarily engaged in the manufacture and selling of silicon carbide and clay graphite crucibles and its accessories.
The Company was marketing Morganite's crucibles in India, when it started manufacturing 600 tpa silicon carbide crucibles using resin bonded technology at Waluj, Aurangabad in 1987. It went public in Aug.'87. The British collaborator holds a 28% stake in the company.
The company's collaborator, Morganite Crucibles, is engaged in this business for the past 100 years. Crucibles are used as containers for melting and holding molten metal. The company which manufactures resin-bonded silicon carbide crucibles, caters to the non-ferrous metal industry.
In Oct.'94, the company obtained ISO 9002 certification from Bureau Veritas Quality International (BVQI). It exports to Egypt, Srilanka and Nepal through its concessionaires.
Expansion programme for manufacturing of Clay Graphite Crucibles had been completed and commercial production started on February 2001 and export of products had also commenced. In 2001-02 the company had manufactured 80.15 MT of Clay Graphite Crucibles.
During 2010, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 172.28 Lacs for increasing the production capacity and initiated the proceedings for expansion of production capacity to the tune of 6500 MT PA.
During 2011, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 284.18 Lacs. It started diversifying activities such as trading and manufacturing of Foundry Consumables and refractory materials for which company has started first phase of testing and development foundry lubricant i.e. Die lube.
During 2012, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 173.28 Lacs.
During 2013, the Company completed and capitalized in its books the expansion/modernisation of its plant to Rs. 388.48 lacs.
During the year 2017-18, the company purchased 49% stake of Diamond Crucible Company Limited (DCCL) from Terrassen Holdings Limited in the month of July, 2017 resulting in DCCL became wholly owned subsidiary of Company. Accordingly, the Company approved from the National Company Law Tribunal, (NCLT) Mumbai bench the Scheme Amalgamation between Diamond Crucible Company Limited and Morganite Crucible (India) Limited of both the Companies on February 22, 2018 from an appointed date of October 1, 2017.
During the year 2018, the Board of Directors of Company approved expansion of clay graphite products at Aurangabad site. In year 2020, the Company discontinued the operations of Mehsana Plant w.e.f. February 1, 2020 and relocated the Mehsana Plant to Aurangabad. Further, as part of Project Avatar Phase II and considering synergy, cost optimization and further focus on product development, the members of the Company December 02, 2019 approved transfer of Mehsana Unit business by way of shifting of plant and machineries to Aurangabad Unit, Maharashtra.
In 2020-21, the Company completed installation of high temperature Kiln, shifting of LPG yard to new location, replacement of fire hydrant system, installation of sprinklers in the factory premises, administration building construction and shifting of remaining plant and machineries from Mehsana to Aurangabad site. It signed Power Purchase Agreement (PPA) with Amplus Solar for installation of 835 kWp at Aurangabad site and completed Phase-I installation of 540 kWp. It also signed Net Metering Agreement with MSEDCL for getting continuous benefit of subsidy from MSEDCL.
The Board of Directors in their meeting held on February 10, 2021 approved sale of the company's land and building assets in Mehsana, Gujarat to M/s Manmohan Steel Traders at a consideration of Rs. 900/- lakhs. As of December 31, 2021, Company completed the relocation of entire plant and machineries from Mehsana to Aurangabad, and disposal of the land and building assets. It made significant progress in completing the remaining expansion activity at the Aurangabad site including installation of required machineries transferred from Mehsana, construction of new logistics & warehouse building.
Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) is valued compared to its competitors.
Morganite Crucible (India) PE ratio helps investors understand what is the market value of each stock compared to Morganite Crucible (India) '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 Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) helps investors get an insight into when they can enter or exit the stock. Key components of Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) ’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 Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India) .
The balance sheet presents a snapshot of Morganite Crucible (India) ’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.
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