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Norcros plc, together with its subsidiaries, designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa. The company offers electric and mixer showers under the Triton brand; shower enclosures and trays under the MERLYN brand for residential, commercial, and hospitality sectors; panelling solutions under the Grant Westfield brand; brassware ta[s, mixer showers, and accessories under the VADO brand; bathroom accessories under the Croydex brand; and kitchen taps, sinks, brassware, and instant hot water taps under the Abode brand. It also provides tiles, adhesives, sanitaryware, and bathroom fittings under the Tile Africa brand; plumbing materials under the House of Plumbing brand; tile adhesives, pourable floor coverings, and tiling tools under the TAL brand; and ceramic walls and floor tiles under the Johnson Tiles brand. The company serves consumers, architects, designers, developers, retailers, and wholesalers. Norcros plc was incorporated in 1999 and is headquartered in Wilmslow, the United Kingdom.
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| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | 2.00M | 32.60M | 21.70M | 33.00M | 18.50M |
| Net income | 3.50M | 26.80M | 16.80M | 25.70M | 15.00M |
| Selling general administrative | 120.40M | 91.30M | 106.10M | 76.30M | 72.20M |
| Selling and marketing expenses | 31.40M | 33.80M | 35.70M | 28.30M | 21.30M |
| Gross profit | 160.10M | 165.00M | 169.30M | 140.80M | 118.40M |
| Reconciled depreciation | 10.00M | 9.00M | 9.60M | 9.30M | 9.40M |
| Ebit | 8.70M | 39.80M | 27.80M | 35.90M | 22.70M |
| Ebitda | 18.70M | 55.30M | 37.40M | 45.20M | 32.10M |
| Depreciation and amortization | 10.00M | 15.50M | 9.60M | 9.30M | 9.40M |
| Operating income | 8.30M | 39.90M | 27.50M | 36.20M | 24.90M |
| Other operating expenses | 359.80M | 352.20M | 413.50M | 360.10M | 299.30M |
| Interest expense | 6.70M | 7.20M | 6.10M | 2.90M | 4.20M |
| Tax provision | -1.50M | 5.80M | 4.90M | 7.30M | 3.50M |
| Interest income | - | - | 0.60M | - | 5.40M |
| Net interest income | -6.30M | -7.30M | -5.80M | -3.20M | -4.40M |
| Income tax expense | -1.50M | 5.80M | 4.90M | 7.30M | 3.50M |
| Total revenue | 368.10M | 392.10M | 441.00M | 396.30M | 324.20M |
| Total operating expenses | 151.80M | 127.20M | 141.80M | 104.60M | 93.50M |
| Cost of revenue | 208.00M | 227.10M | 271.70M | 255.50M | 205.80M |
| Total other income expense net | -6.30M | -7.30M | -6.40M | -2.80M | -5.40M |
| Net income from continuing ops | 3.50M | 26.80M | 16.80M | 25.70M | 15.00M |
| Net income applicable to common shares | - | - | 16.80M | 25.70M | 15.00M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 388.00M | 425.30M | 443.00M | 359.50M | 312.20M |
| Intangible assets | 46.10M | 53.90M | 59.20M | 29.10M | 32.80M |
| Other current assets | 5.20M | 5.10M | 72.70M | 72.70M | 64.60M |
| Total liab | 180.10M | 202.90M | 232.60M | 159.20M | 163.80M |
| Total stockholder equity | 207.90M | 222.40M | 210.40M | 200.30M | 148.40M |
| Other current liab | 32.70M | 43.80M | 61.90M | 54.20M | 54.60M |
| Common stock | 8.90M | 8.90M | 8.90M | 8.10M | 8.10M |
| Capital stock | 8.90M | 8.90M | 8.90M | 8.10M | 8.10M |
| Retained earnings | 151.40M | 192.70M | 176.50M | 173.30M | 128.10M |
| Other liab | - | - | 22.40M | 11.30M | 23.10M |
| Good will | 107.40M | 107.30M | 107.90M | 61.20M | 60.80M |
| Other assets | - | - | 14.90M | 19.60M | - |
| Cash | 22.70M | 30.80M | 29.00M | 27.40M | 28.30M |
| Total current liabilities | 95.20M | 99.20M | 112.70M | 110.80M | 104.10M |
| Current deferred revenue | - | 2.50M | -54.50M | -51.50M | -51.30M |
| Net debt | 57.40M | 59.50M | 74.60M | 15.40M | 13.70M |
| Short term debt | 6.50M | 6.30M | 6.10M | 5.70M | 5.40M |
| Short long term debt | - | - | - | - | 0.00M |
| Short long term debt total | 80.10M | 90.30M | 103.60M | 42.80M | 42.00M |
| Other stockholder equity | 47.60M | 21.00M | -185.40M | -181.40M | -136.20M |
| Property plant equipment | - | - | 44.80M | 48.90M | 47.60M |
| Total current assets | 187.80M | 200.80M | 216.20M | 200.70M | 171.00M |
| Net tangible assets | - | - | 43.30M | 110.00M | 54.80M |
| Net receivables | 71.70M | 72.60M | 83.30M | 71.10M | 62.00M |
| Long term debt | 59.50M | 68.10M | 78.90M | 18.80M | 17.80M |
| Inventory | 88.20M | 97.40M | 103.90M | 100.60M | 78.10M |
| Accounts payable | 48.20M | 45.40M | 99.20M | 102.40M | 95.40M |
| Accumulated other comprehensive income | - | -26.80M | - | - | - |
| Common stock total equity | - | - | - | - | 8.10M |
| Treasury stock | - | - | - | - | -0.10M |
| Non currrent assets other | 6.80M | 16.50M | 14.90M | -139.20M | - |
| Non current assets total | 200.20M | 224.50M | 226.80M | 158.80M | 141.20M |
| Capital lease obligations | 20.60M | 22.20M | 24.70M | 24.00M | 24.20M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | -3.40M | -7.30M | -84.30M | -5.40M | -2.80M |
| Change to liabilities | - | - | -7.20M | 4.20M | 23.00M |
| Total cashflows from investing activities | -3.40M | -7.30M | -84.30M | -5.40M | -2.80M |
| Net borrowings | -9.00M | -11.00M | 55.40M | -2.70M | -70.30M |
| Total cash from financing activities | -23.40M | -26.00M | 64.30M | -11.70M | -70.00M |
| Net income | 2.00M | 26.80M | 21.70M | 33.00M | 18.50M |
| Change in cash | -8.10M | 1.80M | 1.60M | -0.90M | -18.90M |
| Begin period cash flow | 30.80M | 29.00M | 27.40M | 28.30M | 47.20M |
| End period cash flow | 22.70M | 30.80M | 29.00M | 27.40M | 28.30M |
| Total cash from operating activities | 18.50M | 36.60M | 24.50M | 14.60M | 53.30M |
| Issuance of capital stock | - | 0.00M | 18.10M | 0.10M | 0.30M |
| Depreciation | 10.00M | 15.50M | 9.60M | 9.30M | 9.40M |
| Other cashflows from investing activities | 3.50M | - | - | - | - |
| Dividends paid | 9.20M | 9.10M | 9.20M | 9.10M | 7.00M |
| Change to inventory | -10.30M | 2.90M | -3.00M | -22.70M | 3.80M |
| Change to account receivables | -4.40M | 9.30M | -3.10M | -5.10M | -5.00M |
| Sale purchase of stock | -0.10M | -0.80M | 35.90M | 22.90M | -0.90M |
| Other cashflows from financing activities | -5.10M | -5.10M | 73.50M | -2.60M | -4.30M |
| Change to netincome | - | - | 11.40M | -0.70M | 3.20M |
| Capital expenditures | 6.90M | 7.30M | 6.00M | 5.40M | 2.80M |
| Change in working capital | -14.10M | 3.30M | -13.30M | -23.60M | 21.80M |
| Stock based compensation | - | 0.90M | 1.20M | 1.10M | 1.00M |
| Other non cash items | 20.60M | -9.00M | 24.00M | 7.10M | 13.70M |
| Free cash flow | 11.60M | 29.30M | 18.50M | 9.20M | 50.50M |
Sector: Industrials Industry: Building Products & Equipment
|
Stock Name
|
Change
(GBX) |
Price
(GBX) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NXR Norcros Plc |
5.00 1.65% |
308.00 | 13.64 | 7.52 | 0.73 | 1.28 | 0.83 | 7.55 |
| FAN Volution Group plc |
25.00 4.00% |
650.00 | 23.88 | 15.43 | 2.67 | 4.03 | 2.92 | 12.88 |
| GEN Genuit Group plc |
4.80 1.84% |
265.80 | 16.49 | 10.59 | 1.24 | 1.10 | 1.55 | 8.29 |
| JHD James Halstead PLC |
1.20 0.90% |
134.60 | 14.04 | 12.53 | 2.03 | 2.83 | 1.71 | 7.45 |
| SRAD Stelrad Group PLC |
- -% |
148.00 | 129.27 | 8.52 | 0.59 | 2.88 | 0.76 | 7.72 |
Norcros plc, together with its subsidiaries, designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa. The company offers electric and mixer showers under the Triton brand; shower enclosures and trays under the MERLYN brand for residential, commercial, and hospitality sectors; panelling solutions under the Grant Westfield brand; brassware ta[s, mixer showers, and accessories under the VADO brand; bathroom accessories under the Croydex brand; and kitchen taps, sinks, brassware, and instant hot water taps under the Abode brand. It also provides tiles, adhesives, sanitaryware, and bathroom fittings under the Tile Africa brand; plumbing materials under the House of Plumbing brand; tile adhesives, pourable floor coverings, and tiling tools under the TAL brand; and ceramic walls and floor tiles under the Johnson Tiles brand. The company serves consumers, architects, designers, developers, retailers, and wholesalers. Norcros plc was incorporated in 1999 and is headquartered in Wilmslow, the United Kingdom.
| Name | Title | Year Born |
|---|---|---|
| Mr. Nicholas P. Kelsall A.C.A. | CEO & Exec. Director | 1957 |
| Mr. James Eyre | CFO & Exec. Director | NA |
| Mr. Richard H. Collins | Group Counsel & Company Sec. | 1962 |
| Mr. Chris Mulligan | Director of Corp. Devel. & Strategy | NA |
| Mr. Stephen Dixon | Managing Director of Johnson Tiles | NA |
| Mr. David Tutton | Managing Director of Triton | NA |
| Mr. Charlie Soden | Managing Director of Merlyn | NA |
| Mr. Matthew Pitt | Managing Director of Abode | NA |
| Mr. Kevin Swan | Managing Director of South Africa | NA |
| Andy Baines | Managing Director of VADO | NA |
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