Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 43 | 53 | 66 | 98 | 81 | 120 |
| Expenses | 36 | 45 | 57 | 85 | 71 | 107 |
| Operating Profit | 7 | 7 | 9 | 14 | 11 | 13 |
| OPM % | 16% | 14% | 14% | 14% | 13% | 11% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 |
| Interest | 3 | 3 | 3 | 4 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 4 | 5 | 10 | 7 | 9 |
| Tax % | 25% | 31% | 25% | 31% | 25% | 30% |
| Net Profit | 3 | 3 | 4 | 7 | 6 | 6 |
| EPS in Rs | 5.07 | 3.65 | 4.92 | 5.86 | 4.46 | 4.62 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 36 | 43 | 74 | 96 | 164 | 201 |
| Expenses | 31 | 39 | 65 | 81 | 142 | 177 |
| Operating Profit | 4 | 4 | 9 | 14 | 23 | 24 |
| OPM % | 12% | 9% | 12% | 15% | 14% | 12% |
| Other Income | 2 | 2 | 1 | 1 | 0 | 0 |
| Interest | 5 | 4 | 5 | 7 | 7 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 1 | 5 | 8 | 15 | 16 |
| Tax % | 68% | 24% | 26% | 28% | 29% | 27% |
| Net Profit | 0 | 1 | 4 | 6 | 11 | 12 |
| EPS in Rs | 5.33 | 63.33 | 245.33 | 7.30 | 9.46 | 8.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 41% | 40% | 23% | ||
| Compounded Profit Growth | % | 134% | 48% | 10% | ||
| Stock Price CAGR | % | % | % | -36% | ||
| Return on Equity | % | 15% | 14% | 10% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 8 | 11 | 14 |
| Reserves | 5 | 5 | 9 | 21 | 93 | 122 |
| Borrowings | 42 | 37 | 53 | 60 | 60 | 73 |
| Other Liabilities | 13 | 14 | 16 | 16 | 26 | 36 |
| Total Liabilities | 61 | 59 | 79 | 105 | 190 | 246 |
| Fixed Assets | 1 | 1 | 1 | 1 | 5 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 58 | 58 | 78 | 104 | 185 | 240 |
| Total Assets | 61 | 59 | 79 | 105 | 190 | 246 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 7 | -10 | -12 | -40 | -35 |
| Cash from Investing Activity | -1 | 1 | 1 | 1 | -8 | 0 |
| Cash from Financing Activity | 1 | -9 | 8 | 12 | 58 | 25 |
| Net Cash Flow | 1 | -1 | -1 | 0 | 10 | -9 |
| Free Cash Flow | 1 | 7 | -10 | -13 | -45 | -36 |
| CFO/OP | 22% | 175% | -107% | -67% | -157% | -122% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 107 | 74 | 169 | 193 | 163 | 114 |
| Inventory Days | 414 | 347 | 140 | 128 | 136 | 135 |
| Days Payable | 187 | 142 | 84 | 59 | 53 | 57 |
| Cash Conversion Cycle | 333 | 279 | 225 | 262 | 246 | 192 |
| Working Capital Days | 192 | 108 | 139 | 185 | 240 | 240 |
| ROCE % | 12% | 18% | 20% | 18% | 13% |
| Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Nov 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 71.67% | 71.67% | 71.67% | 52.36% | 48.14% | 48.14% | 53.06% | 53.06% |
| FIIs | 0.00% | 0.00% | 0.01% | 3.70% | 0.00% | 3.12% | 2.82% | 2.30% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.66% |
| Public | 28.33% | 28.33% | 28.32% | 43.92% | 51.86% | 48.74% | 44.11% | 43.99% |
| No. of Shareholders | 914 | 359 | 342 | 330 | 310 | 367 | 402 | 395 |
Fundamentals
Market Cap₹ 101 Cr.
Current Price₹ 73.0
Stock P/E8.50
Book Value₹ 99.4
ROCE13.0 %
ROE9.87 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)10%
Standalone figures.
Valuation
Market capRs 99 Cr
Enterprise valueRs 135 Cr
P/E (TTM)104.65x
Price to book14.24x
Price to sales2.30x
EV / EBITDA23.26x
EV / EBIT24.53x
EV / sales3.12x
Price to cash flow14.84x
Earnings yield0.96%
Profitability
Operating margin (excl. other income)9.36%
Operating margin (incl. other income)13.42%
EBITDA margin13.42%
Pre-tax margin2.87%
Net profit margin2.20%
ROE14.60%
ROCE11.90%
ROA1.59%
ROIC (approx.)9.85%
Tax rate24.19%
Other income / net worth25.07%
Growth
Sales growth (latest year)21.28%
Profit growth (latest year)1087.50%
Per share
EPS (TTM)Rs 0.69
EPS (latest year)Rs 63.33
Book value per shareRs 5.06
Sales per shareRs 31.24
Cash flow per shareRs 4.85
Free cash flow per shareRs -26.07
Efficiency
Asset turnover0.74x
Fixed asset turnover60.76x
Inventory turnover1.08x
Inventory days339 days
Debtor days74 days
Debtors turnover4.90x
Creditor days57 days
Cash conversion cycle192 days
Working capital days240 days
Leverage
Total debtRs 37 Cr
Cash and bankRs 2 Cr
Net debtRs 35 Cr
Debt to equity5.37x
Net debt / EBITDA6.09x
Interest coverage1.29x
Owners' fund to total sources11.90%
Debt to assets63.86%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -9 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -36 Cr
FCFE (approx.: FCF + change in debt)Rs -40 Cr
Cash from ops / profit, 5 years-2.65x
Sales to cash flow6.44x
Statement figures
Net sales (TTM)Rs 43 Cr
Net sales (latest year)Rs 43 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 30 Cr
Total expenditure (latest year)Rs 39 Cr
Total income (latest year)Rs 45 Cr
Share capitalRs 2 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 59 Cr
Net blockRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 9 Cr
InventoryRs 28 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)1.38
Ownership
Promoter holding53.06% (+0.70 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544073 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.1% | -2.8% | +3.9 pts |
| 1 month | -17.0% | -6.8% | -10.2 pts |
| 3 months | +0.7% | -7.6% | +8.3 pts |
Red flags
F-score 7 of 8| explain | Low interest cover Interest cover 1.3x in 2026 |
| look | Profit leans on other income Other income was 141% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹120 Cr +126.4% vs Mar 2024.
Net profit ₹6 Cr +100.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Kajaria Ceramics Ltd | 18,708 | 32.4 | 23.4 % |
| Somany Ceramics Ltd | 2,514 | 22.9 | 12.8 % |
| Nitco Ltd | 2,083 | 7.16 % | |
| Asian Granito India Ltd | 1,487 | 114 | 2.85 % |
| Orient Bell Ltd | 594 | 28.0 | 5.58 % |
| Exxaro Tiles Ltd | 272 | 66.4 | 4.31 % |
| Murudeshwar Ceramics Ltd | 170 | 16.7 | 5.21 % |
| Regency Ceramics Ltd | 85 | -116 % | |
| Restile Ceramics Ltd | 72 | -1.04 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Manoj Ceramic Ltd?
Manoj Ceramic Ltd (544073) has a market capitalisation of Rs 101 Cr. at the 2026-10-01 close.
What is the P/E ratio of Manoj Ceramic Ltd?
Manoj Ceramic Ltd trades at a P/E of 8.50 on trailing twelve-month profit, at the 2026-10-01 close.
What were Manoj Ceramic Ltd's latest quarterly results?
In the Mar 2026 quarter, Manoj Ceramic Ltd sales was Rs 120 Cr (+126.4% vs Mar 2024) and net profit was Rs 6 Cr.