Murudeshwar Ceramics Ltd.

30.470.33%

2026-08-21

naveentile.comBSE: 515037NSE: MURUDCERA
Market Cap₹ 185 Cr.
Current Price₹ 30
High / Low₹ 48 / 25
Stock P/E19.1
Book Value₹ 63
Price to Book0.40
Dividend Yield0.00 %
ROCE5.2 %
ROE3.0 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Sale of Product: 72.4% • Sales of Services: 27.6%

PROS

  • Company has consistently been profitable over the last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.75x)
  • Company generates healthy free cash flow
  • Company maintains a comfortable, low leverage position
  • Attractively priced for its growth - PEG of 1.0

CONS

  • A large part of profit comes from other income (69.8% of PBT)
  • Receivables are growing faster than sales - a possible quality concern
  • Company has a low return on equity of 2.4% over last 3 years
  • Company has a low return on capital employed of 5.1%
  • Contingent liabilities are large at 122.2% of net worth
  • Total debt has risen sharply - up 34.2% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.KAJARIACER1212.4034.9019052.021.15171.0355.041328.0820.4317.6719.69
2.CERA5691.7529.847340.961.3247.05-0.86422.195.3619.4113.05
3.MIDWESTLTD1153.6537.574171.690.00310.391173.131918.391248.4627.8125.47
4.POKARNA902.1029.472796.870.0742.6050.56189.4210.7911.8535.89
5.NITCO89.900.002270.660.00-10.33-121.77116.02-22.48-135.35-7.07
6.SOMANYCERA509.6019.652090.011.1834.23365.71749.5624.6214.4311.50
7.ASIANTILES46.01108.241364.080.008.0711.48530.9536.762.976.19
8.ORIENTBELL346.1524.12509.380.298.322318.40203.8243.445.568.02
9.EXXARO6.2067.74277.390.002.07156.2485.2231.253.698.18
10.MURUDCERA30.5219.09184.780.000.81-58.0650.098.545.2319.10
11.GSLSU36.770.00155.840.000.06111.1965.42-12.19-2.1512.74
12.REGENCERAM36.410.0096.270.00-2.57-31.0218.33172.71-40.84-83.24
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
38
30
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
2
Tax %
39.46%
Net Profit
0
0
Equity Capital
58
Reserves
292
Promoter Pledge %
0.00%
Equity Capital
58
Reserves
292
Promoter Pledge %
0.00%
Sep 2023
46
39
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
2
Tax %
37.82%
Net Profit
0
0
Equity Capital
58
Reserves
292
Promoter Pledge %
0.00%
Equity Capital
58
Reserves
292
Promoter Pledge %
0.00%
Dec 2023
51
44
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
3
2
Tax %
30.93%
Net Profit
0
0
Equity Capital
58
Reserves
292
Promoter Pledge %
0.00%
Equity Capital
58
Reserves
292
Promoter Pledge %
0.00%
Mar 2024
52
44
Operating Profit
OPM %
Other Income
4
Interest
3
Depreciation
4
5
Tax %
77.94%
Net Profit
0
0
Equity Capital
61
Reserves
305
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
305
Promoter Pledge %
0.00%
Jun 2024
43
35
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
2
Tax %
1.03%
Net Profit
2
0
Equity Capital
61
Reserves
305
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
305
Promoter Pledge %
0.00%
Sep 2024
43
35
Operating Profit
OPM %
Other Income
2
Interest
3
Depreciation
3
3
Tax %
0.74%
Net Profit
3
0
Equity Capital
61
Reserves
305
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
305
Promoter Pledge %
0.00%
Dec 2024
50
42
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
2
Tax %
1.07%
Net Profit
2
0
Equity Capital
61
Reserves
304
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
304
Promoter Pledge %
0.00%
Mar 2025
66
55
Operating Profit
OPM %
Other Income
3
Interest
4
Depreciation
4
5
Tax %
36.28%
Net Profit
3
0
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Jun 2025
46
38
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
2
Tax %
0.00%
Net Profit
2
0
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Sep 2025
46
39
Operating Profit
OPM %
Other Income
2
Interest
3
Depreciation
3
3
Tax %
0.00%
Net Profit
3
1
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Dec 2025
51
44
Operating Profit
OPM %
Other Income
4
Interest
3
Depreciation
3
5
Tax %
0.00%
Net Profit
4
1
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
312
Promoter Pledge %
0.00%
Mar 2026
63
53
Operating Profit
OPM %
Other Income
3
Interest
4
Depreciation
5
4
Tax %
62.47%
Net Profit
2
0
Equity Capital
61
Reserves
320
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
320
Promoter Pledge %
0.00%
Jun 2026
50
48
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
4
2
Tax %
66.05%
Net Profit
1
0
Equity Capital
61
Reserves
320
Promoter Pledge %
0.00%
Equity Capital
61
Reserves
320
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
123
97
Operating Profit
27
OPM %
22
Other Income
1
Interest
13
Depreciation
10
4
Tax %
42
Net Profit
2
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
0
Mar 2023
172
142
Operating Profit
32
OPM %
18
Other Income
1
Interest
13
Depreciation
11
7
Tax %
10
Net Profit
7
EPS
1
Dividend Payout %
45
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2024
186
156
Operating Profit
35
OPM %
19
Other Income
4
Interest
11
Depreciation
12
11
Tax %
55
Net Profit
5
EPS
1
Dividend Payout %
61
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2025
203
168
Operating Profit
40
OPM %
19
Other Income
5
Interest
13
Depreciation
14
12
Tax %
17
Net Profit
10
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
2
Minority Interest
0
Share of Associates
-0
Adjusted EPS
2
Mar 2026
205
174
Operating Profit
41
OPM %
20
Other Income
10
Interest
12
Depreciation
15
14
Tax %
18
Net Profit
11
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
2
Minority Interest
0
Share of Associates
-0
Adjusted EPS
2
TTM
209
184
Operating Profit
OPM %
Other Income
10
Interest
13
Depreciation
15
14
Tax %
28
Net Profit
10
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
-0
Adjusted EPS
Minority Interest
0
Share of Associates
-0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
6%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
20%

STOCK PRICE CAGR

10 Years:
2%
5 Years:
5%
3 Years:
-8%
1 Year:
-31%

RETURN ON EQUITY

10 Years:
5 Years:
2%
3 Years:
2%
Last Year:
3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Aug 14

₹ 0.05

Rs.0.5000 per share(5%)Final Dividend

2024

Sep 13

₹ 0.05

Rs.0.5000 per share(5%)Final Dividend

2023

Sep 14

₹ 0.05

Rs.0.5000 per share(5%)Final Dividend

Mar 2022
Equity Capital
55
284
65
Trade Payables
19
53
Total Liabilities
476
296
Capital Work in Progress
6
10
112
0
Cash & Bank
6
45
Total Assets
476
Total Debt
81
Net Working Capital
57
Contingent Liabilities
20
Book Value per Share
61.62
Face Value
10.00
Total Debt
81
Net Working Capital
57
Contingent Liabilities
20
Book Value per Share
61.62
Face Value
10.00
Mar 2023
Equity Capital
58
292
64
Trade Payables
28
100
Total Liabilities
541
295
Capital Work in Progress
78
10
118
0
Cash & Bank
2
38
Total Assets
541
Total Debt
118
Net Working Capital
38
Contingent Liabilities
8
Book Value per Share
60.67
Face Value
10.00
Total Debt
118
Net Working Capital
38
Contingent Liabilities
8
Book Value per Share
60.67
Face Value
10.00
Mar 2024
Equity Capital
61
305
65
Trade Payables
25
93
Total Liabilities
548
360
Capital Work in Progress
10
10
116
16
Cash & Bank
14
21
Total Assets
548
Total Debt
107
Net Working Capital
45
Contingent Liabilities
10
Book Value per Share
60.37
Face Value
10.00
Total Debt
107
Net Working Capital
45
Contingent Liabilities
10
Book Value per Share
60.37
Face Value
10.00
Mar 2025
Equity Capital
61
312
65
Trade Payables
31
102
Total Liabilities
570
348
Capital Work in Progress
38
10
109
41
Cash & Bank
2
23
Total Assets
570
Total Debt
104
Net Working Capital
43
Contingent Liabilities
463
Book Value per Share
61.45
Face Value
10.00
Total Debt
104
Net Working Capital
43
Contingent Liabilities
463
Book Value per Share
61.45
Face Value
10.00
Mar 2026
Equity Capital
61
320
65
Trade Payables
33
138
Total Liabilities
616
389
Capital Work in Progress
24
9
115
51
Cash & Bank
6
21
Total Assets
616
Total Debt
140
Net Working Capital
54
Contingent Liabilities
464
Book Value per Share
62.78
Face Value
10.00
Total Debt
140
Net Working Capital
54
Contingent Liabilities
464
Book Value per Share
62.78
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
23
Cash from Investing
-13
Cash from Financing
-8
3
Free Cash Flow
23
OCF / Net Profit
10.78
Cumulative 5-Year FCF
0
OCF / Net Profit
10.78
Cumulative 5-Year FCF
0
Mar 2023
43
Cash from Investing
-82
Cash from Financing
35
-4
Free Cash Flow
-40
OCF / Net Profit
6.46
Cumulative 5-Year FCF
0
OCF / Net Profit
6.46
Cumulative 5-Year FCF
0
Mar 2024
31
Cash from Investing
-5
Cash from Financing
-13
13
Free Cash Flow
23
OCF / Net Profit
6.04
Cumulative 5-Year FCF
0
OCF / Net Profit
6.04
Cumulative 5-Year FCF
0
Mar 2025
29
Cash from Investing
-24
Cash from Financing
-16
-12
Free Cash Flow
-1
OCF / Net Profit
2.89
Cumulative 5-Year FCF
0
OCF / Net Profit
2.89
Cumulative 5-Year FCF
0
Mar 2026
13
Cash from Investing
-32
Cash from Financing
23
4
Free Cash Flow
-30
OCF / Net Profit
1.14
Cumulative 5-Year FCF
0
OCF / Net Profit
1.14
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
0.40
Book Value (₹)
61.62
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.26
Operating Margin %
22.20%
Net Margin %
1.75%
ROE %
0.63%
ROCE %
4.04%
0.45%
Debtor Days
66
Inventory Days
333
Payable Days
191
207
Debt to Equity (x)
0.24x
Interest Coverage (x)
1.28x
1.55x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
1.11
Book Value (₹)
60.67
Dividend per Share (₹)
0.50
Cash EPS (₹)
3.07
Operating Margin %
18.46%
Net Margin %
3.83%
ROE %
1.92%
ROCE %
4.64%
1.30%
Debtor Days
41
Inventory Days
244
Payable Days
187
98
Debt to Equity (x)
0.34x
Interest Coverage (x)
1.55x
1.33x
Revenue Growth %
40.26%
Operating Profit Growth %
16.63%
Net Profit Growth %
207.55%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.82
Book Value (₹)
60.37
Dividend per Share (₹)
0.50
Cash EPS (₹)
2.83
Operating Margin %
16.15%
Net Margin %
2.75%
ROE %
1.43%
ROCE %
4.77%
0.94%
Debtor Days
32
Inventory Days
229
Payable Days
220
41
Debt to Equity (x)
0.29x
Interest Coverage (x)
2.04x
1.38x
Revenue Growth %
8.06%
Operating Profit Growth %
8.47%
Net Profit Growth %
-22.34%
-26.36%
P/E (x)
56.53x
P/B (x)
0.77x
Dividend Yield %
1.08%
10.83x
Mar 2025
EPS (₹)
1.59
Book Value (₹)
61.45
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.03
Operating Margin %
17.06%
Net Margin %
4.89%
ROE %
2.69%
ROCE %
5.27%
1.77%
Debtor Days
51
Inventory Days
202
Payable Days
183
70
Debt to Equity (x)
0.28x
Interest Coverage (x)
1.92x
1.34x
Revenue Growth %
8.89%
Operating Profit Growth %
14.42%
Net Profit Growth %
93.55%
93.18%
P/E (x)
19.21x
P/B (x)
0.50x
Dividend Yield %
0.00%
7.25x
Mar 2026
EPS (₹)
1.82
Book Value (₹)
62.78
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.33
Operating Margin %
15.32%
Net Margin %
5.48%
ROE %
2.99%
ROCE %
5.23%
1.90%
Debtor Days
82
Inventory Days
198
Payable Days
229
51
Debt to Equity (x)
0.37x
Interest Coverage (x)
2.10x
1.40x
Revenue Growth %
1.29%
Operating Profit Growth %
3.90%
Net Profit Growth %
13.47%
14.72%
P/E (x)
13.80x
P/B (x)
0.40x
Dividend Yield %
0.00%
6.97x

Shareholding Pattern

Numbers in percentages

TRADES
Sep 2024
73.94
0.00
DIIs
0.00
Government
0.00
26.06
Dec 2024
73.94
0.00
DIIs
0.00
Government
0.00
26.06
Mar 2025
73.94
0.00
DIIs
0.00
Government
0.00
26.06
Jun 2025
73.94
0.03
DIIs
0.00
Government
0.00
26.03
Sep 2025
73.94
0.00
DIIs
0.00
Government
0.00
26.06
Dec 2025
73.94
0.03
DIIs
0.00
Government
0.00
26.02
Mar 2026
73.94
0.00
DIIs
0.00
Government
0.00
26.06
Jun 2026
73.94
0.00
DIIs
0.00
Government
0.00
26.06

Documents

Announcements

  • Shareholders meeting

    2026-08-18 - Notice of 43rd Annual General Meeting (AGM) scheduled to be held on Friday, 18th September, 2026 at 3:00 P.M.for the financial year ended 31st March, 2026.

  • Record Date

    2026-08-13 - Murudeshwar Ceramics Limited has informed the Exchange that Record date for the purpose of MT is 04-Sep-2026.

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.