Morganite Crucible (India) Ltd
Incorporated in 1986, Morganite Crucible (India) Ltd manufactures and sells silicon carbide and clay graphite crucibles and its accessories[1]
- Market Cap ₹ 865 Cr.
- Current Price ₹ 1,545
- High / Low ₹ 1,964 / 1,170
- Stock P/E 34.2
- Book Value ₹ 242
- Dividend Yield 3.17 %
- ROCE 30.4 %
- ROE 21.4 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.15%.
- Company has been maintaining a healthy dividend payout of 88.2%
Cons
- The company has delivered a poor sales growth of 6.26% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Electrodes & Refractories
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 81 | 89 | 89 | 111 | 109 | 120 | 129 | 107 | 152 | 155 | 168 | 174 | 175 | |
| 64 | 70 | 68 | 83 | 86 | 100 | 111 | 96 | 122 | 129 | 129 | 133 | 137 | |
| Operating Profit | 17 | 18 | 20 | 29 | 23 | 20 | 17 | 10 | 30 | 25 | 39 | 41 | 39 |
| OPM % | 21% | 21% | 23% | 26% | 21% | 17% | 13% | 10% | 20% | 16% | 23% | 24% | 22% |
| 2 | 0 | 2 | 2 | 3 | 6 | 7 | 1 | 32 | 5 | 3 | 8 | 9 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 8 | 7 | 5 | 4 | 4 | 5 | 6 | 7 | 8 | 8 | 9 | 11 |
| Profit before tax | 13 | 11 | 16 | 26 | 21 | 22 | 18 | 6 | 54 | 22 | 33 | 39 | 37 |
| Tax % | 37% | 44% | 36% | 37% | 35% | 30% | 29% | 116% | 20% | 28% | 28% | 30% | |
| 8 | 6 | 10 | 17 | 14 | 15 | 13 | -1 | 43 | 16 | 23 | 28 | 25 | |
| EPS in Rs | 15.04 | 10.75 | 17.64 | 29.64 | 24.79 | 27.45 | 23.43 | -1.66 | 77.48 | 28.79 | 41.95 | 49.18 | 45.14 |
| Dividend Payout % | 3% | 5% | 11% | 13% | 32% | 29% | 34% | 0% | 70% | 69% | 95% | 100% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | -7% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 12% |
| 3 Years: | 17% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 53 | 58 | 67 | 77 | 88 | 96 | 105 | 100 | 120 | 124 | 126 | 129 | 133 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | |
| 27 | 14 | 18 | 38 | 23 | 28 | 32 | 37 | 32 | 34 | 45 | 37 | 27 | |
| Total Liabilities | 82 | 75 | 88 | 118 | 114 | 127 | 139 | 139 | 155 | 161 | 174 | 170 | 164 |
| 23 | 18 | 15 | 25 | 27 | 31 | 32 | 30 | 38 | 53 | 62 | 81 | 83 | |
| CWIP | 0 | 1 | 3 | 2 | 0 | 4 | 19 | 22 | 15 | 1 | 0 | 4 | 2 |
| Investments | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 54 | 51 | 65 | 91 | 87 | 93 | 88 | 87 | 102 | 106 | 112 | 86 | 80 | |
| Total Assets | 82 | 75 | 88 | 118 | 114 | 127 | 139 | 139 | 155 | 161 | 174 | 170 | 164 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 3 | 18 | 25 | 17 | 21 | 11 | 19 | 26 | 32 | 43 | 25 | |
| -2 | -2 | -15 | -8 | -10 | -29 | 1 | -7 | -2 | -10 | -17 | -29 | |
| -0 | -0 | -0 | -1 | -3 | -7 | -4 | -4 | -24 | -12 | -22 | -24 | |
| Net Cash Flow | 3 | 1 | 2 | 16 | 4 | -15 | 7 | 7 | 0 | 9 | 4 | -28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 50 | 59 | 60 | 57 | 52 | 66 | 76 | 75 | 64 | 58 | 65 |
| Inventory Days | 156 | 142 | 149 | 158 | 179 | 159 | 158 | 143 | 136 | 124 | 116 | 100 |
| Days Payable | 232 | 116 | 119 | 129 | 176 | 161 | 145 | 178 | 154 | 146 | 185 | 164 |
| Cash Conversion Cycle | -15 | 75 | 89 | 89 | 60 | 49 | 78 | 41 | 57 | 42 | -11 | 2 |
| Working Capital Days | 41 | 69 | 67 | 5 | 60 | 44 | 62 | 33 | 71 | 48 | 16 | 39 |
| ROCE % | 27% | 19% | 24% | 36% | 25% | 23% | 18% | 8% | 39% | 18% | 28% | 30% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Pre-Offer Advertisement-cum-Corrigendum
1d - Foseco India Ltd and PACs launched open offer for 1,400,000 Morganite Crucible shares; ad dated 29–30 Dec 2025.
- Closure of Trading Window 2d
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
-
Recommendation Of The Committee Of Independent Directors Dated 26 December 2025 ('IDC') In Relation To An Open Offer To The Public Shareholders Of Morganite Crucible (India) Limited (The 'Target Company') ('Open Offer').
2d - IDC recommends open offer for 1,400,000 shares (25%) at INR 1,557.15; aggregate INR 218,00,10,000; LoF Dec 18, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Dec 2023TranscriptPPT
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Dec 2023TranscriptPPT
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Dec 2022TranscriptPPT
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Jul 2022TranscriptPPT
Business Overview:[1]
MCIL is a part of Morgan Advanced
Materials Plc, a UK-based Group. It is a manufacturer of high-performance crucibles, foundry consumables, and allied refractory products. It supplies crucibles to non-ferrous metals industries and specializes in providing melting solutions to foundries, die-casters, and metal melting facilities covering applications including Zinc, Precious Metals, Aluminium, Copper/Brass/Bronze, and other non-ferrous metals