Foseco Crucible (I)
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Forensics
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** Shares of Foseco India FSCO.NS jump 8% to record 6,070 rupees
** Foundry chemicals and fluxes maker to buy 75% stake in Morganite Crucible (India) MORC.BO for 6.54 billion rupees ($74.78 million)
** MORC jumps nearly 11% to 1,741 rupees, highest level since Dec and biggest pct gain in 2 years
** FSCO to issue 1.15 mln shares via preferential allotment for 5,674 rupees/shr
** YTD, FSCO up nearly 49%, MORC gains about 13%
($1 = 87.4610 Indian rupees)
(Reporting by Komal Salecha)
(([email protected];))
** Shares of Foseco India FSCO.NS jump 8% to record 6,070 rupees
** Foundry chemicals and fluxes maker to buy 75% stake in Morganite Crucible (India) MORC.BO for 6.54 billion rupees ($74.78 million)
** MORC jumps nearly 11% to 1,741 rupees, highest level since Dec and biggest pct gain in 2 years
** FSCO to issue 1.15 mln shares via preferential allotment for 5,674 rupees/shr
** YTD, FSCO up nearly 49%, MORC gains about 13%
($1 = 87.4610 Indian rupees)
(Reporting by Komal Salecha)
(([email protected];))
Nov 13 (Reuters) - Morganite Crucible (India) Ltd MORC.BO:
DIVIDEND 30 RUPEES PER SHARE
Source text: ID:nBSEblqQ4y
Further company coverage: MORC.BO
(([email protected];;))
Nov 13 (Reuters) - Morganite Crucible (India) Ltd MORC.BO:
DIVIDEND 30 RUPEES PER SHARE
Source text: ID:nBSEblqQ4y
Further company coverage: MORC.BO
(([email protected];;))
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What does Foseco Crucible (I) do?
Established in 1986, Morganite Crucible (India) Limited manufactures and sells silicon carbide and clay graphite crucibles and accessories from its registered office in Waluj, Maharashtra.
Who are the competitors of Foseco Crucible (I)?
Foseco Crucible (I) major competitors are Nilachal Refactories, SP Refractories, IFGL Refractories, RHI Magnesita India, Vesuvius India, Hardwyn India, Shankara Bldg. Prod.. Market Cap of Foseco Crucible (I) is ₹767 Crs. While the median market cap of its peers are ₹760 Crs.
Is Foseco Crucible (I) financially stable compared to its competitors?
Foseco Crucible (I) seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Foseco Crucible (I) pay decent dividends?
The company seems to pay a good stable dividend. Foseco Crucible (I) latest dividend payout ratio is 99.63% and 3yr average dividend payout ratio is 88.16%
How has Foseco Crucible (I) allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances
How strong is Foseco Crucible (I) balance sheet?
Balance sheet of Foseco Crucible (I) is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Foseco Crucible (I) improving?
The profit is oscillating. The profit of Foseco Crucible (I) is ₹18.72 Crs for TTM, ₹27.54 Crs for Mar 2025 and ₹23.49 Crs for Mar 2024.
Is the debt of Foseco Crucible (I) increasing or decreasing?
Yes, The net debt of Foseco Crucible (I) is increasing. Latest net debt of Foseco Crucible (I) is -₹37.58 Crs as of Mar-26. This is greater than Mar-25 when it was -₹43.96 Crs.
Is Foseco Crucible (I) stock expensive?
Foseco Crucible (I) is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Foseco Crucible (I) is 40.98, while 3 year average PE is 30.1. Also latest EV/EBITDA of Foseco Crucible (I) is 15.92 while 3yr average is 20.13.
Has the share price of Foseco Crucible (I) grown faster than its competition?
Foseco Crucible (I) has given better returns compared to its competitors. Foseco Crucible (I) has grown at ~10.17% over the last 4yrs while peers have grown at a median rate of 7.36%
Is the promoter bullish about Foseco Crucible (I)?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 76.77% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Foseco Crucible (I)?
There is Insufficient data to gauge this.