Exxaro Tiles Ltd. IPO

Exxaro tiles is diversified and evolved into a vitrified tiles manufacturer. Vitrified tile is an alternative to marble and granite flooring.

RHP
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DRHP
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Open Date

2021-08-04

Close Date

2021-08-06

Company Financials

You can get the following financial statements of Exxaro Tiles Ltd. as of now.

Subscription Details

The valuation of Exxaro Tiles IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 120
Existing Shares (Qty) 3.35 Cr
Fresh Issue (Qty) 1.11 Cr
Market Cap 535 Cr
EPS  Rs 4.54 
PE Ratio ~26x
Industry PE ~43x

 

Exxaro Tiles IPO issue size is 161.09 Cr. 

Issue Amount
Fresh Issue 134.23 Cr
Offer For Sale 26.86 Cr

 

An Individual can apply for a minimum 1 lot of 125 shares and a maximum of 13 lots of 1625 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 125 Rs 15,000
 Maximum 13 1625 Rs 1,95,000

 

Exxaro Tiles IPO is subscribed 22.65 times till 6th August. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 25% 17.67 Times
Non-Institutional Minimum 35% 5.36 Times
Retail Individual Minimum 40% 40.05 Times
Employee 2.68 Lakh Shares 2.53 Times
Total   22.65 Times

Allotment Details

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Exxaro Tiles IPO:

Schedule Date
Basis of Allotment 11 August 2021
Refunds 12 August 2021
Credit to Demat Account 13 August 2021
IPO Listing Date 16 August 2021

 

When the allotment is out, you can check it from the registrar's website. Find the Exxaro Tiles IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 242.25 240.74 255.14 325.34 317.09
Total Expenditure 204.42 197.78 206.73 278.47 283.67
Operating Profit 37.83 42.96 48.42 46.87 33.43
Other Income 1.76 3.22 3.64 2.89 2.77
Interest 17.83 19.72 21.26 9.98 9.28
Depreciation 14.08 14.3 13.63 13.64 15.77
Exceptional Items 0 0 0 0 -0.98
Profit Before Tax 7.68 12.17 17.16 26.15 10.16
Provision for Tax -1.24 0.91 1.94 8.05 2.86
Net Profit 8.92 11.26 15.22 18.1 7.3
Adjusted EPS (Rs.) 0.27 0.34 0.45 0.4 0.16

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 33.56 33.56 33.56 44.74 44.74
Total Reserves 75.9 87.18 102.48 222.06 229.35
Borrowings 88.05 86.38 69.92 22 28.92
Other N/C liabilities 8.35 5.91 4.47 8.05 9.39
Current liabilities 150.99 174.03 158.89 107.99 155.19
Total Liabilities 356.84 387.06 369.31 404.85 467.58
Assets
Net Block 184.75 171.89 159.41 150.27 198.42
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 1.37 1.37 0.01 10.01
Loans & Advances 1 0.96 0.87 2.1 2.27
Other N/C Assets 0.37 0.37 0.37 0.37 0.37
Current Assets 170.72 212.47 207.3 252.1 256.51
Total Assets 356.84 387.06 369.31 404.85 467.58
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 3.71 0.33 0.39 0.63 0.48
Profit Before Tax 5.26 1.37 0.28 0.35 0.41
Tax 1.54 0.24 0.11 0.12 -0.28
Profit After Tax 3.72 1.13 0.17 0.23 0.69
Adjusted EPS (Rs) 0.83 0.25 0.04 0.05 0.15

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 42.07 0
Dec 2023 42.07 0
Sep 2023 42.07 0
Jun 2023 42.07 0
Mar 2023 42.07 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 7.68 12.17 17.16 26.15 10.16
Adjustment 32.26 34.13 35.3 21.91 24.26
Changes in Assets & Liabilities 1.73 -38.58 -11.74 -16.77 -8.14
Tax Paid -0.86 -2.01 -2.94 -6.52 -3.06
Operating Cash Flow 40.81 5.71 37.79 24.77 23.22
Investing Cash Flow -4.95 -2.45 -1.71 -9.24 -66.74
Financing Cash Flow -38.19 -4.22 -34.42 -1.45 27.82
Net Cash Flow -2.32 -0.97 1.65 14.09 -15.7
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