Associated Ceramics Ltd

Associated Cera. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Associated Ceramics Ltd

₹ 226 0.00%
24 Jun - close price
associatedceremics.com BSE: 531168
About

Incorporated in 1970, Associated Ceramics Ltd manufactures and sells refractory items[1]

Key Points

Business Overview:[1]
ACL manufactures refractories for the heat containment industries. Its custom designed refractory products are supplied to industries which includes glass, steel, cement, aluminum and graphite electrode manufacturers, etc.

Website BSE
  • Market Cap ₹ 67.9 Cr.
  • Current Price ₹ 226
  • High / Low ₹ 342 / 186
  • Stock P/E 31.4
  • Book Value ₹ 78.5
  • Dividend Yield 0.00 %
  • ROCE 11.5 %
  • ROE 9.59 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 2.88 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.42% over past five years.
  • Company has a low return on equity of 11.5% over last 3 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

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
8.83 9.58 14.70 12.74 18.78 7.99 9.13 13.31 10.13 8.95 12.37 9.35 11.27
8.43 8.05 14.29 9.71 16.29 7.97 6.61 11.32 9.76 6.50 11.37 7.52 10.86
Operating Profit 0.40 1.53 0.41 3.03 2.49 0.02 2.52 1.99 0.37 2.45 1.00 1.83 0.41
OPM % 4.53% 15.97% 2.79% 23.78% 13.26% 0.25% 27.60% 14.95% 3.65% 27.37% 8.08% 19.57% 3.64%
0.05 0.07 0.04 0.03 0.47 0.13 0.08 0.08 0.45 0.01 0.03 0.02 1.32
Interest 0.02 0.07 0.10 0.13 0.03 0.04 0.05 0.12 0.14 0.05 0.06 0.11 0.12
Depreciation 0.15 0.23 0.23 0.23 0.89 0.59 1.23 0.97 0.77 0.83 0.84 0.88 0.86
Profit before tax 0.28 1.30 0.12 2.70 2.04 -0.48 1.32 0.98 -0.09 1.58 0.13 0.86 0.75
Tax % 414.29% 0.00% 0.00% 0.00% 77.94% -25.00% 25.76% 25.51% 444.44% 25.95% 23.08% 23.26% 66.67%
-0.88 1.30 0.13 2.70 0.44 -0.35 0.98 0.72 -0.49 1.17 0.09 0.66 0.25
EPS in Rs -2.93 4.33 0.43 8.99 1.46 -1.16 3.26 2.40 -1.63 3.89 0.30 2.20 0.83
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
26.51 16.64 25.07 19.52 16.74 27.38 33.79 31.25 38.37 55.80 40.54 41.94
24.34 15.90 22.93 20.71 16.91 24.17 29.56 26.67 32.28 48.16 35.59 36.26
Operating Profit 2.17 0.74 2.14 -1.19 -0.17 3.21 4.23 4.58 6.09 7.64 4.95 5.68
OPM % 8.19% 4.45% 8.54% -6.10% -1.02% 11.72% 12.52% 14.66% 15.87% 13.69% 12.21% 13.54%
0.16 0.24 0.08 0.37 0.70 0.30 0.75 0.97 0.37 0.61 0.74 1.37
Interest 0.63 0.09 0.45 1.09 0.89 0.47 0.41 0.22 0.12 0.51 0.41 0.33
Depreciation 0.91 0.61 1.09 1.79 1.56 1.33 1.27 1.13 0.99 1.57 3.56 3.41
Profit before tax 0.79 0.28 0.68 -3.70 -1.92 1.71 3.30 4.20 5.35 6.17 1.72 3.31
Tax % 31.65% 17.86% 239.71% -14.05% 4.17% -10.53% 1.52% -7.86% 21.68% 25.77% 50.58% 34.74%
0.54 0.23 -0.94 -3.16 -2.00 1.88 3.26 4.54 4.18 4.58 0.86 2.16
EPS in Rs 1.80 0.77 -3.13 -10.52 -6.66 6.26 10.85 15.11 13.91 15.24 2.86 7.19
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 10%
5 Years: 4%
3 Years: 3%
TTM: 3%
Compounded Profit Growth
10 Years: 43%
5 Years: -8%
3 Years: -20%
TTM: 151%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -33%
Return on Equity
10 Years: 9%
5 Years: 15%
3 Years: 12%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28 2.28
Reserves 14.12 14.36 13.38 9.66 7.65 9.53 12.79 17.32 21.49 18.33 19.18 21.30
6.09 4.99 14.09 13.79 12.02 3.50 5.77 7.55 5.14 16.07 16.75 1.50
8.28 8.00 7.74 7.36 5.30 8.86 7.46 4.47 4.67 10.63 9.33 20.58
Total Liabilities 30.77 29.63 37.49 33.09 27.25 24.17 28.30 31.62 33.58 47.31 47.54 45.66
6.52 5.49 13.74 12.66 11.12 10.14 9.74 10.77 10.95 25.29 25.07 22.67
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.10 0.00 0.00 0.00
Investments 0.13 0.25 0.25 0.59 0.56 0.99 0.66 1.37 1.69 1.55 1.80 2.27
24.12 23.89 23.50 19.84 15.57 13.04 17.90 19.48 16.84 20.47 20.67 20.72
Total Assets 30.77 29.63 37.49 33.09 27.25 24.17 28.30 31.62 33.58 47.31 47.54 45.66

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.13 -0.74 0.00 0.00 3.53 9.01 -0.39 0.18 8.38 8.62 16.39 5.56
-0.10 -0.68 0.00 0.00 -0.01 -0.29 -0.85 -2.15 -5.33 -11.78 -7.29 1.80
-0.14 2.00 0.00 0.00 -3.16 -8.96 1.87 1.55 -2.50 2.84 -9.38 -5.87
Net Cash Flow -0.37 0.59 0.00 0.00 0.36 -0.25 0.63 -0.42 0.54 -0.31 -0.28 1.49

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 98.86 73.26 59.40 121.92 124.07 37.33 51.63 91.92 29.30 38.99 54.47 43.17
Inventory Days 254.44 605.87 316.46 253.16 331.45 207.83 166.51 163.69 246.15 145.79 145.43 143.62
Days Payable 100.30 126.86 95.58 113.88 123.58 113.31 51.59 54.62 60.57 68.85 72.51 67.38
Cash Conversion Cycle 253.00 552.28 280.28 261.20 331.94 131.84 166.55 200.99 214.88 115.93 127.39 119.41
Working Capital Days 206.11 302.92 245.91 243.83 229.81 60.52 110.07 173.10 107.97 61.95 -17.38 -17.41
ROCE % 6.33% 4.36% -9.37% -4.03% 12.88% 20.36% 17.96% 19.62% 20.31% 5.69% 11.50%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.35% 55.35% 55.35%
44.67% 44.67% 44.68% 44.67% 44.67% 44.67% 44.67% 44.68% 44.68% 44.66% 44.67% 44.67%
No. of Shareholders 4844844844874865098761,2871,5221,4981,5371,530

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