Associated Ceramics Ltd.

BSE: ASSOCER · Other Construction Materials · sector

₹162.00BSE close 2026-10-26

Key numbers

Market cap₹33 cr

Price₹162.00

52w high / low₹244 / ₹140

P/E14.9xSector median 25.3x

P/B1.3xSector median 1.4x

Book value₹125.9

Dividend yield–Sector median 0.47%

ROE7.1%Sector median 3.3%

ROCE8.4%Sector median 5.6%

OPM12.1%Sector median 9.1%

Debt / equity0.12xSector median 0.12x

EV/EBITDA6.9xSector median 11.1x

Interest cover15.9x

Current ratio1.39x

Sales growth 3y-98.0%Sector median -0.6%

Profit growth 3y-98.3%Sector median +3.3%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 22 companies in Other Construction Materials (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2 cr vs borrowings ₹3 cr (FY26): borrowings are higher by ₹1 cr.
Operating profit covered interest 15.9x in the last 12 months.
Net loss in 2 of the last 6 quarters.
Other income was 25% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹162.00 on 2026-10-26: -33.6% from the 52-week high, +15.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹317.00 · low ₹146.30

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	11	13	15	7	9	9
EBITDA	0	2	3	1	0	1
OPM %	3.6%	13.1%	18.8%	10.6%	0.6%	13.9%
Other income	1	0	0	0	0	0
Net profit	0	1	2	-0	-0	0
EPS (₹)	1.21	3.56	7.72	0.19	0.93	2.01
Revenue YoY					-17.9%	-29.3%
Profit YoY					-176.0%	-43.8%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	38	55,79,520	41	42	44	41
EBITDA	6	7,67,470	5	6	5	5
Net profit	4	4,57,540	1	2	2	2
EPS (₹)	18.70	22.38	4.19	10.56	10.16	10.85
Revenue growth		+1,45,41,260.4%	-100.0%	+3.4%	+5.9%	–
Profit growth		+1,09,19,709.1%	-100.0%	+151.2%	-3.7%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-98.0%	–	–
Net profit	-98.3%	–	–
EPS	-23.1%	–	–
Share price	–	-26.9% (2y)	-14.3%

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	24	26
Borrowings	2	3
Cash & equivalents	4	2
Total assets	46	39
Fixed assets	23	20
Capital work in progress	0	0
Investments	2	2
Receivables	5	3
Inventory	10	9
Payables	4	4

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	6	2
Cash from investing	2	-0
Cash from financing	-6	-4
Capex	1	1
Free cash flow	5	2

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	9.2%	8.1%
ROCE %	14.5%	10.0%
Debtor days	43	27
Inventory days	144	117
Payable days	67	50
Cash conversion cycle (days)	120	94
Working capital days	2	39

Peers in Other Construction Materials

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
RAMCOIND	₹2,401 cr	7.3x	0.5x	7.5%	5.6%	15.3%	+7.1%	0.36%
GLASSWALL	₹1,802 cr	–	–	–	–	–	–	–
ARIS	₹1,103 cr	15.8x	1.5x	13.7%	15.3%	9.9%	–	–
BIRLANU	₹941 cr	–	0.8x	-9.4%	-1.4%	2.1%	+2.4%	2.41%
EVERESTIND	₹738 cr	–	1.5x	-0.2%	6.0%	5.0%	-4.9%	0.54%
MARBLE	₹423 cr	56.5x	5.2x	10.1%	13.8%	26.5%	-5.1%	–
SAHYADRI	₹345 cr	7.7x	0.8x	11.4%	14.8%	11.0%	+4.6%	0.32%
REMAGNET	₹325 cr	38.9x	0.8x	-4.4%	-1.1%	-53.7%	+70.4%	–
GLITTEKG	₹187 cr	123.1x	17.1x	-2.8%	-2.4%	–	-84.8%	–
ASSOCER	₹33 cr	14.9x	1.3x	7.1%	8.4%	12.1%	-98.0%	–

All 22 companies in Other Construction Materials →

Business segments (2026-06-30)

Segment	Revenue	Share	EBIT	Margin
Refractory Items	₹9 cr	97.1%	₹0 cr	4.5%
Solar Energy	₹0 cr	2.6%	₹0 cr	77.9%
Unallocated income	₹0 cr	0.3%	₹0 cr	0.0%

Documents

Links go to the original files on the exchange website.

About the company


Sector	Commodities
Industry	Other Construction Materials
Sub-industry	Other Construction Materials
Symbol	ASSOCER
BSE code	531168
ISIN	INE771E01010
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.