Murudeshwar Ceramics Ltd
NSE: MURUDCERA · Ceramics · sector
₹25.00NSE close 2026-10-26
Key numbers
Market cap₹151 cr
Price₹25.00
52w high / low₹46 / ₹25
P/E15.4xSector median 28.7x
P/B0.4xSector median 1.6x
Book value₹62.8
Dividend yield2.00%Sector median 0.81%
ROE2.6%Sector median 4.6%
ROCE5.2%Sector median 5.0%
OPM15.8%Sector median 7.3%
Debt / equity0.37xSector median 0.29x
EV/EBITDA8.7xSector median 12.0x
Interest cover2.1x
Current ratio1.40x
Sales growth 3y+6.0%Sector median +5.9%
Profit growth 3y+16.4%Sector median +4.3%
PEG0.90x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Ceramics (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6 cr vs borrowings ₹140 cr (FY26): borrowings are higher by ₹134 cr.
- Operating profit covered interest 2.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 98% of net profit in the last 12 months.
- Debtor days went from 32 (FY24) to 91 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹25.00 on 2026-10-26: -45.7% from the 52-week high, 0.0% 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 ₹60.36 · low ₹25.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 50 | 66 | 46 | 46 | 51 | 63 | 50 |
| EBITDA | 7 | 8 | 11 | 8 | 7 | 7 | 10 | 10 |
| OPM % | 17.2% | 15.9% | 16.6% | 17.5% | 15.4% | 13.1% | 15.5% | 19.1% |
| Other income | 2 | 0 | 3 | 0 | 2 | 4 | 3 | 0 |
| Net profit | 3 | 2 | 3 | 2 | 3 | 4 | 2 | 1 |
| EPS (₹) | 0.48 | 0.28 | 0.50 | 0.32 | 0.53 | 0.68 | 0.28 | 0.13 |
| Revenue YoY | +6.3% | +1.9% | -5.7% | +8.5% | ||||
| Profit YoY | +9.6% | +144.9% | -51.4% | -58.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 123 | 172 | 186 | 203 | 205 | 209 |
| EBITDA | 26 | 31 | 30 | 35 | 31 | 33 |
| Net profit | 2 | 7 | 5 | 10 | 11 | 10 |
| EPS (₹) | 0.40 | 1.13 | 0.86 | 1.59 | 1.82 | 1.62 |
| Revenue growth | +40.3% | +8.1% | +8.9% | +1.3% | +1.9% | |
| Profit growth | +313.3% | -23.6% | +87.8% | +9.8% | -0.8% | |
| Dividend / share (₹) | – | – | 0.50 | 0.50 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.0% | +20.6% | +1.9% |
| Net profit | +16.3% | – | -0.8% |
| EPS | +17.2% | – | – |
| Share price | – | -28.1% (2y) | -40.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 354 | 366 | 372 | 380 |
| Borrowings | – | 118 | 107 | 104 | 140 |
| Cash & equivalents | – | 2 | 14 | 2 | 6 |
| Total assets | – | 541 | 548 | 570 | 616 |
| Fixed assets | – | 297 | 361 | 349 | 390 |
| Capital work in progress | – | 78 | 10 | 38 | 24 |
| Investments | – | 10 | 10 | 10 | 9 |
| Receivables | – | 16 | 16 | 41 | 51 |
| Inventory | – | 118 | 116 | 109 | 115 |
| Payables | – | 28 | 25 | 31 | 33 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 24 | 43 | 31 | 29 | 21 |
| Cash from investing | -14 | -82 | -5 | -24 | -41 |
| Cash from financing | -8 | 35 | -13 | -16 | 23 |
| Capex | 9 | 82 | 10 | 29 | 42 |
| Free cash flow | 15 | -40 | 21 | -1 | -21 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 1.9% | 1.4% | 2.6% | 2.8% |
| ROCE % | – | 4.4% | 4.8% | 5.2% | 5.0% |
| Debtor days | – | 35 | 32 | 73 | 91 |
| Inventory days | – | 975 | 954 | 744 | 881 |
| Payable days | – | 227 | 206 | 210 | 251 |
| Cash conversion cycle (days) | – | 783 | 780 | 607 | 721 |
| Working capital days | – | 81 | 89 | 78 | 96 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.94% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 26.06% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% |
| Promoter group | % |
|---|---|
| Murudeshwar Power Corporation Private Limited | 38.26% |
| RNS Infrastructure Limited | 21.23% |
| Satish Rama Shetty | 3.82% |
| Naveen Mechanised Construction Company Private Limited | 3.56% |
| Sunil R Shetty | 1.05% |
| Naveen Rama Shetty | 1.05% |
| Mamtha Sudesh Hegde | 1.03% |
| Geeta Sandip Malli | 1.03% |
| Samtha Abhayanand Shetty | 1.03% |
| Shobha Jeevan Shetty | 1.03% |
| RAMA NAGAPPA SHETTY (on behalf of R N SHETTY FAMILY TRUST) | 0.29% |
| Billadi Sudesh Hegde | 0.06% |
| Sandip Malli Kaidale | 0.06% |
| Kolkebail Jeevan Shetty | 0.06% |
| Abhayanand Raghu Shetty | 0.05% |
| Public holders above 1% | % |
|---|---|
| Sangeetha S | 1.90% |
21,807 shareholders. Pledged: 0.00% of promoter shares.
Peers in Ceramics
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| KAJARIACER | ₹17,816 cr | 32.6x | 5.8x | 18.8% | 24.5% | 17.7% | +3.3% | 1.07% |
| VARMORA | ₹2,780 cr | – | 2.4x | – | – | – | – | – |
| SOMANYCERA | ₹2,272 cr | 21.4x | 2.7x | 13.2% | 17.7% | 9.9% | +4.0% | 0.54% |
| NITCO | ₹1,642 cr | – | 4.5x | -9.4% | -2.8% | -7.3% | +12.2% | – |
| ASIANTILES | ₹1,368 cr | 60.7x | 0.9x | 0.9% | 2.2% | 4.7% | +5.9% | – |
| ORIENTBELL | ₹524 cr | 24.8x | 1.6x | 6.5% | 8.6% | 6.6% | -0.7% | 0.14% |
| EXXARO | ₹280 cr | 69.5x | 1.0x | 1.5% | 4.7% | 7.9% | -1.3% | – |
| MURUDCERA | ₹151 cr | 15.4x | 0.4x | 2.6% | 5.2% | 15.8% | +6.0% | 2.00% |
| MCPL | ₹93 cr | 7.2x | 0.8x | 11.3% | 20.1% | 12.1% | – | – |
| RESTILE | ₹83 cr | 76.5x | – | – | -2.1% | 4.2% | +41.9% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Sale of products | ₹149 cr | 72.4% | ₹2 cr | 1.7% |
| Sale of services | ₹57 cr | 27.6% | ₹2 cr | 3.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-08-14 | Dividend | Dividend - Rs 0.50 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-09-14 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-09-13 | Other | Annual General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-19 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-14 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-14 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-13 | Other | Annual General Meeting |
| 2011-09-22 | Other | Annual General Meeting |
| 2010-10-19 | Rights | Rights 1:1 @ Premium Rs.10/- Per Share |
| 2010-06-10 | Other | Annual General Meeting |
| 2009-09-14 | Other | Agm/Div-Re.0.60 Per Share |
| 2008-09-17 | Dividend | Agm/Dividend - 12% |
| 2007-09-18 | Dividend | Agm/Dividend-20% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Ceramics |
| Sub-industry | Ceramics |
| Symbol | MURUDCERA |
| BSE code | 515037 |
| ISIN | INE692B01014 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.