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Morganite Crucible (India)

BSE:523160
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
523160
BSE
₹4B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Morganite Crucible (India) Limited manufactures and sells ceramic crucibles, crucible accessories, foundry consumables, and allied products in India. The last earnings update was 72 days ago. More info.


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523160 Share Price and Events
7 Day Returns
-0.7%
BSE:523160
-1.5%
IN Machinery
-1%
IN Market
1 Year Returns
3.3%
BSE:523160
-17.1%
IN Machinery
-1.6%
IN Market
523160 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Morganite Crucible (India) (523160) -0.7% 5.6% 7.4% 3.3% 240% 326.6%
IN Machinery -1.5% 2.1% 2.5% -17.1% 18.8% 121.6%
IN Market -1% 3% 6.2% -1.6% 39% 73%
1 Year Return vs Industry and Market
  • 523160 outperformed the Machinery industry which returned -17.1% over the past year.
  • 523160 outperformed the Market in India which returned -1.6% over the past year.
Price Volatility
523160
Industry
5yr Volatility vs Market

Value

 Is Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India).

BSE:523160 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 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

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 BSE:523160
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 35%) (0%))
1.045
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.045 * 8.6%)
16.54%

Discounted Cash Flow Calculation for BSE:523160 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Morganite Crucible (India) 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.

BSE:523160 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.54%)
2019 148.03 Est @ 11.33% 127.02
2020 163.12 Est @ 10.2% 120.11
2021 178.46 Est @ 9.4% 112.76
2022 194.24 Est @ 8.85% 105.32
2023 210.67 Est @ 8.46% 98.01
2024 227.92 Est @ 8.19% 90.99
2025 246.14 Est @ 7.99% 84.32
2026 265.49 Est @ 7.86% 78.04
2027 286.11 Est @ 7.77% 72.17
2028 308.15 Est @ 7.7% 66.70
Present value of next 10 years cash flows ₹955.44
BSE:523160 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹308.15 × (1 + 7.55%) ÷ (16.54% – 7.55%)
₹3,687.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,687.69 ÷ (1 + 16.54%)10
₹798.21
BSE:523160 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹955.44 + ₹798.21
₹1,753.65
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,753.65 / 2.80
₹626.3
BSE:523160 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹626.30
Current discount Discount to share price of ₹1,516.30
= -1 x (₹1,516.30 - ₹626.30) / ₹626.30
-142.1%

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

  • The current share price of Morganite Crucible (India) 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 Morganite Crucible (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Morganite Crucible (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:523160 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹63.02
BSE:523160 Share Price ** BSE (2019-04-25) in INR ₹1516.3
India Machinery Industry PE Ratio Median Figure of 139 Publicly-Listed Machinery Companies 18.15x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.05x

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

** Primary Listing of Morganite Crucible (India).

BSE:523160 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523160 Share Price ÷ EPS (both in INR)

= 1516.3 ÷ 63.02

24.06x

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

  • Morganite Crucible (India) is overvalued based on earnings compared to the IN Machinery industry average.
  • Morganite Crucible (India) is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Morganite Crucible (India)'s expected growth come at a high price?
Raw Data
BSE:523160 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.4%per year
India Machinery Industry PEG Ratio Median Figure of 27 Publicly-Listed Machinery Companies 1.71x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*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 Morganite Crucible (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Morganite Crucible (India)'s assets?
Raw Data
BSE:523160 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹337.27
BSE:523160 Share Price * BSE (2019-04-25) in INR ₹1516.3
India Machinery Industry PB Ratio Median Figure of 167 Publicly-Listed Machinery Companies 1.6x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:523160 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523160 Share Price ÷ Book Value per Share (both in INR)

= 1516.3 ÷ 337.27

4.5x

* Primary Listing of Morganite Crucible (India).

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

  • Morganite Crucible (India) is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Morganite Crucible (India)'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Morganite Crucible (India) has a total score of 0/6, 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 Morganite Crucible (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Morganite Crucible (India), future earnings growth has been estimated based on fundamentals.
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
2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Morganite Crucible (India) expected to grow at an attractive rate?
  • Morganite Crucible (India)'s earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Morganite Crucible (India)'s earnings growth is positive but not above the India market average.
  • Unable to compare Morganite Crucible (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:523160 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:523160 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.4%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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
BSE:523160 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
BSE:523160 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:523160 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,207 176
2018-09-30 1,169 171
2018-06-30 1,125 169
2018-03-31 1,074 172 139
2017-03-31 1,114 251 166
2016-03-31 1,097 193 100

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Morganite Crucible (India)'s earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Morganite Crucible (India) 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
BSE:523160 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Morganite Crucible (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523160 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:523160 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 63.02
2018-09-30 60.91
2018-06-30 60.21
2018-03-31 49.59
2017-03-31 59.27
2016-03-31 35.67

*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 Morganite Crucible (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Morganite Crucible (India)'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.
Morganite Crucible (India) 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 Morganite Crucible (India) 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 Morganite Crucible (India)'s growth in the last year to its industry (Machinery).
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.
  • Morganite Crucible (India)'s year on year earnings growth rate has been positive over the past 5 years.
  • Morganite Crucible (India)'s 1-year earnings growth exceeds its 5-year average (21.2% vs 17.7%)
  • Morganite Crucible (India)'s earnings growth has not exceeded the IN Machinery industry average in the past year (21.2% vs 34.9%).
Earnings and Revenue History
Morganite Crucible (India)'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 Morganite Crucible (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523160 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,207.04 176.43 186.91
2018-09-30 1,168.66 170.54 182.41
2018-06-30 1,124.88 168.59 181.50
2018-03-31 1,073.66 138.84 177.36
2017-03-31 1,113.71 165.95 158.66
2016-03-31 1,096.91 99.88 170.61
2015-03-31 1,099.13 57.61 156.64
2014-03-31 1,008.39 84.45 224.36
2013-03-31 998.38 96.24 203.26

*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.
  • Morganite Crucible (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Morganite Crucible (India) used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Morganite Crucible (India) has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Morganite Crucible (India)'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 Machinery 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.
Morganite Crucible (India) has a total score of 4/6, 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 Morganite Crucible (India)'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 Morganite Crucible (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Morganite Crucible (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Morganite Crucible (India) has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Morganite Crucible (India)'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.
  • Morganite Crucible (India) has no debt, it does not need to be covered by short term assets.
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 Morganite Crucible (India) Company Filings, last reported 3 months ago.

BSE:523160 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 944.40 0.00 414.31
2018-09-30 944.40 0.00 414.31
2018-06-30 909.23 0.00 402.92
2018-03-31 909.23 0.00 402.92
2017-03-31 797.08 0.00 458.20
2016-03-31 800.13 0.00 286.00
2015-03-31 709.63 0.00 150.17
2014-03-31 656.94 0.00 176.80
2013-03-31 572.90 0.00 142.35
  • Morganite Crucible (India) has no debt.
  • Morganite Crucible (India) has not taken on any debt in the past 5 years.
  • Morganite Crucible (India) has no debt, it does not need to be covered by operating cash flow.
  • Morganite Crucible (India) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Morganite Crucible (India)'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. Morganite Crucible (India) has a total score of 6/6, 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 Morganite Crucible (India)'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
0.53%
Current annual income from Morganite Crucible (India) dividends.
If you bought ₹2,000 of Morganite Crucible (India) shares you are expected to receive ₹11 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?
  • Morganite Crucible (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Morganite Crucible (India)'s dividend is below the markets top 25% of dividend payers in India (1.95%).
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
BSE:523160 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 Machinery Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

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

BSE:523160 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:523160 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-12 8.000 0.550
2018-11-13 8.000 0.544
2018-05-24 16.000 1.009
2017-08-11 8.000 0.735
2017-05-25 8.000 0.804
2016-07-15 4.000 0.573
2016-05-30 4.000 0.791
2015-09-01 1.000 0.206
2015-05-25 1.000 0.208
2014-09-25 1.000 0.197
2013-09-03 1.000 0.338
2012-08-17 1.000 0.309

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

  • Morganite Crucible (India) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Morganite Crucible (India) only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Morganite Crucible (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
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 Morganite Crucible (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - 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 Morganite Crucible (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Morganite Crucible (India) has a total score of 2/6, 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 Morganite Crucible (India)'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
Vikas Kadlag
TENURE AS CEO 0.3 years
CEO Bio

Mr. Vikas Kadlag has been Managing Director and Director of Morganite Crucible (India) Limited since january 01, 2019. He have 20 years of rich experience in setting up Greenfield projects, strategic management, development of customer relationship, product industrialization and project management. He was associated with many renowned groups like Siemens, TE Connectivity Auto division and Metals India. His key achievements during his tenure includes setting-up Greenfield projects & made the plant ready for production in less than 6 months, achieved operations breakeven & cash flow stabilization in less than 2 years, identified and developed capable tooling vendors & raw material sources, setting-up of Asian Technical Centre & tool room at overseas, took complete business ownership and achieved higher revenue growth in every organization during his association. Mr. Vikas Kadlag is qualified Bachelor of Production Engineering from University of Pune.

CEO Compensation
  • Insufficient data for Vikas to compare compensation growth.
  • Insufficient data for Vikas to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team

Atithi Majumdar

TITLE
Chief Financial Officer

Rupesh Khokle

TITLE
Compliance Officer & Company Secretary

Vikas Kadlag

TITLE
MD & Director
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Morganite Crucible (India) board of directors in years:

3.8
Average Tenure
  • The tenure for the Morganite Crucible (India) board of directors is about average.
Board of Directors

Mukund Bhogale

TITLE
Chairman
COMPENSATION
₹100K
TENURE
3.5 yrs

Vikas Kadlag

TITLE
MD & Director
TENURE
0.3 yrs

Subhash Kolapkar

TITLE
Independent Non-Executive Director
COMPENSATION
₹120K
TENURE
5.7 yrs

Ian Arber

TITLE
Non-Executive Director
TENURE
4.2 yrs

Maithilee Tambolkar

TITLE
Independent Director
COMPENSATION
₹80K
TENURE
4.1 yrs

Aniruddha Karve

TITLE
Non-executive Director
COMPENSATION
₹12M
TENURE
3.8 yrs

Pauline Tan

TITLE
Non-Executive Director
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Morganite Crucible (India)'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. Morganite Crucible (India) 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

Company Info

Description

Morganite Crucible (India) Limited manufactures and sells ceramic crucibles, crucible accessories, foundry consumables, and allied products in India. It offers silicon carbide products, clay graphite crucibles, and graphite accessories of crucibles. The company provides its products primarily for use in non-ferrous and ferrous industries. It sells its products in India, other Asian and the Far East, Europe, Africa and the Middle East, North America, and internationally. The company was formerly known as Greaves Morganite Crucible Limited and changed its name to Morganite Crucible (India) Limited in August 2006. The company was incorporated in 1986 and is based in Aurangabad, India. Morganite Crucible (India) Limited is a subsidiary of Morgan Advanced Materials Plc.

Details
Name: Morganite Crucible (India) Limited
523160
Exchange: BSE
Founded: 1986
₹4,245,640,000
2,800,000
Website: http://www.morganmms.com/en-gb/investors
Address: Morganite Crucible (India) Limited
B-11, MIDC Industrial Area,
Waluj,
Aurangabad,
Maharashtra, 431136,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 523160 Equity Shares Mumbai Stock Exchange IN INR 06. Aug 1998
Number of employees
Current staff
Staff numbers
0
Morganite Crucible (India) employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:18
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2017/05/25
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.