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.

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 240.74 255.14 325.34 317.09 301.68
Total Expenditure 197.78 206.73 278.47 283.67 277.15
Operating Profit 42.96 48.42 46.87 33.43 24.53
Other Income 3.22 3.64 2.89 2.77 2.28
Interest 19.72 21.26 9.98 9.28 14.21
Depreciation 14.3 13.63 13.64 15.77 9.36
Exceptional Items 0 0 0 -0.98 0
Profit Before Tax 12.17 17.16 26.15 10.16 3.24
Provision for Tax 0.91 1.94 8.05 2.86 0.96
Net Profit 11.26 15.22 18.1 7.3 2.28
Adjusted EPS (Rs.) 0.03 0.05 0.04 0.02 0.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 33.56 33.56 44.74 44.74 44.74
Total Reserves 87.18 102.48 222.06 229.35 232.06
Borrowings 86.38 69.92 22 28.92 21.42
Other N/C liabilities 5.91 4.47 8.05 9.39 9.73
Current liabilities 174.03 158.89 107.99 155.19 178.45
Total Liabilities 387.06 369.31 404.85 467.58 486.4
Assets
Net Block 171.89 159.41 150.27 198.42 194.04
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 1.37 1.37 0.01 10.01 1.07
Loans & Advances 0.96 0.87 2.1 2.27 1.63
Other N/C Assets 0.37 0.37 0.37 0.37 0.37
Current Assets 212.47 207.3 252.1 256.51 289.3
Total Assets 387.06 369.31 404.85 467.58 486.4
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.63 0.48 0.78 0.2 0.39
Profit Before Tax 0.35 0.41 2.2 -4.98 0.55
Tax 0.12 -0.28 1 -0.71 0.95
Profit After Tax 0.23 0.69 1.2 -4.27 -0.39
Adjusted EPS (Rs) 0.01 0.02 0.03 -0.1 -0.01

Share Holding Pattern

Promoter Pledging %

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

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 12.17 17.16 26.15 10.16 3.24
Adjustment 34.13 35.3 21.91 24.26 21.88
Changes in Assets & Liabilities -38.58 -11.74 -16.77 -8.14 -19.47
Tax Paid -2.01 -2.94 -6.52 -3.06 -0.36
Operating Cash Flow 5.71 37.79 24.77 23.22 5.28
Investing Cash Flow -2.45 -1.71 -9.24 -66.74 5.71
Financing Cash Flow -4.22 -34.42 -1.45 27.82 -10.71
Net Cash Flow -0.97 1.65 14.09 -15.7 0.28
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