MORGANITE
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Foseco India peaks on stake buy in Morganite Crucible (India)
** 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];))
Morganite Crucible (India) Dividend 30 Rupees/Share
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 Ind 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 Ind?
Foseco Crucible Ind major competitors are IFGL Refractories, Nilachal Refactories, SP Refractories, RHI Magnesita, Vesuvius India, Hardwyn India, Shankara Bldg. Prod. Market Cap of Foseco Crucible Ind is ₹804 Crs. While the median market cap of its peers are ₹841 Crs.
Is Foseco Crucible Ind financially stable compared to its competitors?
Foseco Crucible Ind 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 Ind pay decent dividends?
The company seems to pay a good stable dividend. Foseco Crucible Ind latest dividend payout ratio is 99.63% and 3yr average dividend payout ratio is 88.16%
How has Foseco Crucible Ind 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 Ind balance sheet?
Balance sheet of Foseco Crucible Ind is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Foseco Crucible Ind improving?
The profit is oscillating. The profit of Foseco Crucible Ind is ₹23 Crs for TTM, ₹27.54 Crs for Mar 2025 and ₹23.49 Crs for Mar 2024.
Is the debt of Foseco Crucible Ind increasing or decreasing?
Yes, The net debt of Foseco Crucible Ind is increasing. Latest net debt of Foseco Crucible Ind is -₹17.09 Crs as of Sep-25. This is greater than Mar-25 when it was -₹43.96 Crs.
Is Foseco Crucible Ind stock expensive?
Foseco Crucible Ind is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Foseco Crucible Ind is 34.94, while 3 year average PE is 33.45. Also latest EV/EBITDA of Foseco Crucible Ind is 18.45 while 3yr average is 20.6.
Has the share price of Foseco Crucible Ind grown faster than its competition?
Foseco Crucible Ind has given better returns compared to its competitors. Foseco Crucible Ind has grown at ~15.41% over the last 3yrs while peers have grown at a median rate of 4.77%
Is the promoter bullish about Foseco Crucible Ind?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Foseco Crucible Ind is 75.0% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Foseco Crucible Ind?
There is Insufficient data to gauge this.
