Morganite Crucible (India) Ltd a 100% debt free company , is a subsidiary of 160 Years old Morgan Advanced Materials plc. UK which has a long heritage of manufacturing quality crucibles and allied products, the Morgan group is diversified in various refractory materials including thermal ceramics, and advanced materials.
The company dates back to 1856 when six Morgan brothers began making their patented graphite crucibles in Battersea, now part of London, England.The Molten Metal Systems business of Morgan Advanced Materials is recognized as a technology leader, providing crucibles and engineered consumables for the metals industry. With manufacturing and distribution centers in Brazil, China, India and Germany and additional distribution centers in the United States, Mexico and South America. Morgan Advanced Materials employs 10,000 people in 34 countries around the world. The company has 85 sites across 30 countries. Its Engineered Materials division, which includes Morgan Molten Metal Systems, is a global supplier of highly engineered solutions built from a portfolio of material technologies that include carbon, silicon carbide ,oxide-based ceramics and advanced polymeric composites.
One of its best known brands is Salamander, recognized as the first trademarked crucible in the world and considered one of the highest quality products in the industry for its resistance to high heat and thermal shock.
Company has a proven track record of solid growth over the years. MCI Ltd is 100% debt free. The 3 year and 5 year Compounded Profit Growth of the company stands at 6% while Compounded Sales Growth stands at 32% and 10% respectively. Company has a solid ROCE of 25%. Apart from that company has a Cash and Equivalents of about 44 Cr Rs.
(Morganite Crucible was Previously Suggested in DARKHORSESTOCKS group on Sept 24-2017 at the price of 995. Since than the Stock has hit 2329Rs giving 134% returns before falling to current price.)