MarketFriction

Murudeshwar Ceramics Ltd

NSE MURUDCERA · BSE 515037 · Ceramics
₹28.06 -1.58%
NSE close2026-10-01
52 week range25.16 - 46.00
Market cap₹170 Cr.
P/E16.7
Price band 20% Delivery 71.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales45.7151.0451.6643.4742.8550.1566.4046.1545.5751.1162.6450.09
Expenses38.5643.6243.6535.2835.4542.1855.3638.1038.5744.3852.9340.51
Operating Profit7.157.428.018.197.407.9711.048.057.006.739.719.58
OPM %15.64%14.54%15.51%18.84%17.27%15.89%16.63%17.44%15.36%13.17%15.50%19.13%
Other Income0.080.034.270.191.770.122.820.122.324.043.090.06
Interest2.532.343.213.083.082.854.052.862.782.704.053.39
Depreciation2.772.753.723.373.373.374.383.373.373.384.863.86
Profit before tax1.932.365.351.932.721.875.431.943.174.693.892.39
Tax %37.82%30.93%77.94%1.04%0.74%1.07%36.28%0.00%0.00%0.00%62.47%65.69%
Net Profit1.201.631.171.922.701.853.461.953.174.681.460.82
EPS in Rs0.210.280.190.320.450.310.570.320.520.770.240.14
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11510511912610380122170184202205209
Expenses88798897827196140154167173176
Operating Profit27263229219263130353133
OPM %24%25%26%23%20%11%21%18%17%17%15%16%
Other Income11129111451010
Interest201719161616131311131213
Depreciation78991010101112141515
Profit before tax22553-164711121414
Tax %7%47%4%9%47%-26%42%10%55%17%18%
Net Profit21552-12275101110
EPS in Rs0.380.311.091.010.37-2.270.391.140.851.641.861.67
Dividend Payout %0%0%0%0%0%0%0%44%59%31%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%21%6%2%
Compounded Profit Growth22%24%19%2%
Stock Price CAGR-3%2%-16%-33%
Return on Equity1%2%2%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital414143454848525558616161
Reserves269274285277285287281284296304311319
Borrowings10910310010493798583120110108142
Other Liabilities384950494859545367739093
Total Liabilities456467477475474473472475540548569616
Fixed Assets278278309302298306297298297361349390
CWIP01925128678103824
Investments444444499999
Other Assets174166163165171161163162156167173192
Total Assets456467477475474473472475540548569616
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3646235154702442312913
Cash from Investing Activity-4-25-20-4-1-18-6-12-81-5-25-33
Cash from Financing Activity-32-19-4-3-15-295-835-13-1623
Net Cash Flow-12-1-2-1003-413-124
Free Cash Flow3020201329-616-4022-1-29
CFO/OP117%172%84%13%49%227%10%94%142%106%79%38%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1311061071001341461456635337392
Inventory Days8061,4091,6241,4217597791,2401,201975954744881
Days Payable182322335249112184223203228205210250
Cash Conversion Cycle7561,1931,3951,2727817411,1621,065782781608723
Working Capital Days15713914116718716420415278617485
ROCE %5%5%5%6%5%5%-0%4%5%5%5%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.65%72.65%73.93%73.93%73.93%73.93%73.93%73.93%73.93%73.93%73.93%73.93%
FIIs0.00%0.01%0.02%0.00%0.00%0.00%0.00%0.03%0.00%0.03%0.00%0.00%
Public27.34%27.33%26.03%26.05%26.05%26.06%26.05%26.04%26.06%26.02%26.07%26.05%
No. of Shareholders20,41321,30320,89921,36424,16923,46323,21923,41823,26022,89122,42222,274

Fundamentals

Market Cap₹ 170 Cr.
Current Price₹ 28.0
Stock P/E16.7
Book Value₹ 62.7
ROCE5.21 %
ROE3.00 %
Dividend Yield1.79 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)2%
Standalone figures.
Valuation
Market capRs 170 Cr
Enterprise valueRs 306 Cr
P/E (TTM)16.77x
Price to book0.45x
Price to sales0.81x
EV / EBITDA7.20x
EV / EBIT11.32x
EV / sales1.46x
Price to cash flow12.78x
Earnings yield5.96%
P/E, 3-year average28.96x
P/B, 3-year average0.56x
P/E, 5-year average35.52x
P/B, 5-year average0.51x
Profitability
Operating margin (excl. other income)15.38%
Operating margin (incl. other income)20.05%
EBITDA margin20.31%
Pre-tax margin6.75%
Net profit margin4.84%
Net margin, latest quarter1.64%
ROE3.00%
ROCE5.21%
ROA1.90%
ROE, 3-year average2.37%
ROCE, 3-year average5.07%
ROA, 3-year average1.54%
ROE, 5-year average1.93%
ROCE, 5-year average4.78%
ROA, 5-year average1.27%
ROIC (approx.)4.31%
Tax rate17.75%
Other income / net worth2.52%
Growth
Sales growth (latest year)1.46%
Profit growth (latest year)13.51%
Sales CAGR, 3 years6.28%
Sales CAGR, 5 years20.70%
Profit CAGR, 3 years19.49%
Sales growth QoQ-20.04%
Profit growth QoQ-43.84%
Sales growth YoY (latest quarter)8.54%
Profit growth YoY (latest quarter)-57.95%
Per share
EPS (TTM)Rs 1.67
EPS (latest year)Rs 1.86
EPS (latest quarter)Rs 0.14
EPS, 3-year averageRs 1.45
EPS, 5-year averageRs 1.18
Book value per shareRs 62.74
Sales per shareRs 34.59
Cash flow per shareRs 2.20
Free cash flow per shareRs -4.79
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout, 3-year average44.80%
Dividend payout, 5-year average44.41%
Efficiency
Asset turnover0.33x
Fixed asset turnover0.52x
Inventory turnover1.11x
Inventory days328 days
Debtor days92 days
Debtors turnover3.98x
Creditor days250 days
Cash conversion cycle723 days
Working capital days85 days
Leverage
Total debtRs 142 Cr
Cash and bankRs 6 Cr
Net debtRs 136 Cr
Debt to equity0.38x
Net debt / EBITDA3.21x
Interest coverage2.09x
Owners' fund to total sources61.70%
Debt to assets23.15%
Cash flow
Cash from Operating Activity (latest year)Rs 13 Cr
Cash from Investing Activity (latest year)Rs -33 Cr
Cash from Financing Activity (latest year)Rs 23 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -29 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years3.97x
Sales to cash flow15.40x
Statement figures
Net sales (TTM)Rs 209 Cr
Net sales (latest year)Rs 205 Cr
Sales (latest quarter)Rs 50 Cr
Operating profit excl. other income (latest year)Rs 31 Cr
Operating profit (latest quarter)Rs 10 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 43 Cr
PBDT (TTM)Rs 30 Cr
Profit before tax (TTM)Rs 14 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 10 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 127 Cr
Total expenditure (latest year)Rs 173 Cr
Total income (latest year)Rs 214 Cr
Share capitalRs 61 Cr
ReservesRs 319 Cr
Shareholders' fundsRs 380 Cr
Total assetsRs 616 Cr
Net blockRs 390 Cr
Capital work in progressRs 24 Cr
InvestmentsRs 9 Cr
ReceivablesRs 51 Cr
InventoryRs 115 Cr
Other liabilitiesRs 93 Cr
Shares outstanding (crore)6.05
Ownership
Promoter holding73.93% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.8 is at the 7th percentile of its own 8.4-year range (median 44.5, low 11.6, high 245.6).
P/B 0.45 is at the 30th percentile (median 0.54).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMURUDCERANifty 50Difference
1 week-1.8%-2.8% +1.0 pts
1 month-6.8%-6.8% -0.0 pts
3 months-11.9%-7.6% -4.3 pts
6 months+11.0%+0.4% +10.5 pts
1 year-33.5%-9.9% -23.6 pts
2 years-53.5%-13.6% -40.0 pts
3 years-41.4%+14.2% -55.5 pts
5 years+9.8%+27.9% -18.1 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 27% vs sales +1% in 2026
lookProfit leans on other income Other income was 70% 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

Jun 2026
Sales ₹50 Cr +8.5% vs Jun 2025. Net profit ₹1 Cr -57.9%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Kajaria Ceramics Ltd18,70832.423.4 %
Somany Ceramics Ltd2,51422.912.8 %
Nitco Ltd2,0837.16 %
Asian Granito India Ltd1,4871142.85 %
Orient Bell Ltd59428.05.58 %
Exxaro Tiles Ltd27266.44.31 %
Manoj Ceramic Ltd1018.5013.0 %
Regency Ceramics Ltd85-116 %
Restile Ceramics Ltd72-1.04 %
No bulk or block deals on record.
Ex-dateActionFactor
2025-08-14Dividend - Rs 0.50 Per Share
2024-09-13Annual General Meeting/Dividend - Re 0.50 Per Share
2023-09-14Annual General Meeting/Dividend - Re 0.50 Per Share
2022-09-13Annual General Meeting
2021-09-16 Annual General Meeting
2020-09-17 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-14 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-19Annual General Meeting
2012-09-13Annual General Meeting
2011-09-22Annual General Meeting
2010-10-19Rights 1:1 @ Premium Rs.10/- Per Share
2010-06-10Annual General Meeting
2009-09-14Agm/Div-Re.0.60 Per Share
2008-09-17Agm/Dividend - 12%
2007-09-18Agm/Dividend-20%
2006-09-18Agm/Div-Rs.2/- Per Sh
DateTypeWhat it says
2026-09-18Shareholder meetingVoting results of Annual General Meeting held on August 25, 2025
2026-09-18Shareholder meetingProceedings of Annual General Meeting held on September 18, 2026
2026-08-18Shareholder meetingNotice 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, ...
2026-08-13Record DateRecord date for the purpose of MT is 04-Sep-2026.
2026-08-13General UpdatesIntimation for the 43rd Annual General Meeting (AGM) scheduled to be held on Friday, 18th September, 2026 at 3:00 P.M.
2026-08-12Board meeting outcomeMurudeshwar Ceramics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-05-29Board meeting outcomeOutcome of the Board Meeting held today, on May 29, 2026, and announcements pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure ...
2026-04-29Disclosure under SEBI TakeovMurudeshwar Ceramics Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-03-10Disclosure under SEBI TakeovMurudeshwar Ceramics Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acq...
2026-03-04Disclosure under SEBI TakeovMurudeshwar Ceramics Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acq...
2026-02-17Board meeting outcomeMurudeshwar Ceramics Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2025-11-12Board meeting outcomeOutcome of the Board Meeting held today, on November 12, 2025 and announcements pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclos...
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.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Murudeshwar Ceramics Ltd?

Murudeshwar Ceramics Ltd (MURUDCERA) has a market capitalisation of Rs 170 Cr. at the 2026-10-01 close.

What is the P/E ratio of Murudeshwar Ceramics Ltd?

Murudeshwar Ceramics Ltd trades at a P/E of 16.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Murudeshwar Ceramics Ltd's latest quarterly results?

In the Jun 2026 quarter, Murudeshwar Ceramics Ltd sales was Rs 50 Cr (+8.5% vs Jun 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of Murudeshwar Ceramics Ltd?

The 52-week high is Rs 46.00 and the 52-week low is Rs 25.16.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03