Associated Ceramics Ltd
₹ 170
-3.33%
04 Jun
- close price
About
Incorporated in 1970, Associated Ceramics Ltd manufactures and sells refractory items[1]
Key Points
- Market Cap ₹ 34.8 Cr.
- Current Price ₹ 170
- High / Low ₹ 251 / 140
- Stock P/E 16.7
- Book Value ₹ 126
- Dividend Yield 0.00 %
- ROCE 9.83 %
- ROE 8.44 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 41.5 to 26.7 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.28% over past five years.
- Company has a low return on equity of 7.46% 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16.64 | 25.07 | 19.52 | 16.74 | 27.38 | 33.79 | 31.25 | 38.37 | 55.80 | 40.54 | 41.83 | 44.40 | |
| 15.90 | 22.93 | 20.71 | 16.91 | 24.17 | 29.56 | 26.67 | 32.28 | 48.16 | 35.59 | 36.10 | 39.05 | |
| Operating Profit | 0.74 | 2.14 | -1.19 | -0.17 | 3.21 | 4.23 | 4.58 | 6.09 | 7.64 | 4.95 | 5.73 | 5.35 |
| OPM % | 4.45% | 8.54% | -6.10% | -1.02% | 11.72% | 12.52% | 14.66% | 15.87% | 13.69% | 12.21% | 13.70% | 12.05% |
| 0.24 | 0.08 | 0.37 | 0.70 | 0.30 | 0.75 | 0.97 | 0.37 | 0.61 | 0.74 | 1.37 | 0.58 | |
| Interest | 0.09 | 0.45 | 1.09 | 0.89 | 0.47 | 0.41 | 0.22 | 0.12 | 0.51 | 0.41 | 0.38 | 0.18 |
| Depreciation | 0.61 | 1.09 | 1.79 | 1.56 | 1.33 | 1.27 | 1.13 | 0.99 | 1.57 | 3.56 | 3.41 | 3.03 |
| Profit before tax | 0.28 | 0.68 | -3.70 | -1.92 | 1.71 | 3.30 | 4.20 | 5.35 | 6.17 | 1.72 | 3.31 | 2.72 |
| Tax % | 17.86% | 239.71% | -14.05% | 4.17% | -10.53% | 1.52% | -7.86% | 21.68% | 25.77% | 50.58% | 34.74% | 23.53% |
| 0.23 | -0.94 | -3.16 | -2.00 | 1.88 | 3.26 | 4.54 | 4.18 | 4.58 | 0.86 | 2.16 | 2.08 | |
| EPS in Rs | 0.77 | -3.13 | -10.52 | -6.66 | 6.26 | 10.85 | 15.11 | 20.44 | 22.40 | 4.21 | 10.56 | 10.17 |
| 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: | 6% |
| 5 Years: | 7% |
| 3 Years: | -7% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | -14% |
| 3 Years: | -23% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 14.36 | 13.38 | 9.66 | 7.65 | 9.53 | 12.79 | 17.32 | 21.49 | 18.33 | 19.18 | 21.30 | 23.45 |
| 4.99 | 14.09 | 13.79 | 12.02 | 3.50 | 5.77 | 7.55 | 5.14 | 16.07 | 16.76 | 6.50 | 3.18 | |
| 8.00 | 7.74 | 7.36 | 5.30 | 8.86 | 7.46 | 4.47 | 4.67 | 10.63 | 9.32 | 15.57 | 10.31 | |
| Total Liabilities | 29.63 | 37.49 | 33.09 | 27.25 | 24.17 | 28.30 | 31.62 | 33.58 | 47.31 | 47.54 | 45.65 | 39.22 |
| 5.49 | 13.74 | 12.66 | 11.12 | 10.14 | 9.74 | 10.77 | 10.95 | 25.29 | 25.07 | 22.67 | 20.14 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.25 | 0.25 | 0.59 | 0.56 | 0.99 | 0.66 | 1.37 | 1.69 | 1.55 | 1.80 | 2.27 | 2.17 |
| 23.89 | 23.50 | 19.84 | 15.57 | 13.04 | 17.90 | 19.48 | 16.84 | 20.47 | 20.67 | 20.71 | 16.91 | |
| Total Assets | 29.63 | 37.49 | 33.09 | 27.25 | 24.17 | 28.30 | 31.62 | 33.58 | 47.31 | 47.54 | 45.65 | 39.22 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.74 | 0.00 | 0.00 | 3.53 | 9.01 | -0.39 | 0.18 | 8.38 | 8.62 | 16.39 | 5.56 | 2.20 | |
| -0.68 | 0.00 | 0.00 | -0.01 | -0.29 | -0.85 | -2.15 | -5.33 | -11.78 | -7.29 | 1.80 | -0.39 | |
| 2.00 | 0.00 | 0.00 | -3.16 | -8.96 | 1.87 | 1.55 | -2.50 | 2.84 | -9.38 | -5.87 | -3.50 | |
| Net Cash Flow | 0.59 | 0.00 | 0.00 | 0.36 | -0.25 | 0.63 | -0.42 | 0.54 | -0.31 | -0.28 | 1.49 | -1.69 |
| Free Cash Flow | -1.34 | 0.00 | 0.00 | 3.50 | 8.66 | -1.25 | -1.98 | 3.10 | -3.19 | 13.05 | 4.55 | 1.67 |
| CFO/OP | -72% | 0% | 0% | -2,076% | 304% | -9% | 4% | 152% | 129% | 355% | 112% | 54% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73.26 | 59.40 | 121.92 | 124.07 | 37.33 | 51.63 | 91.92 | 29.30 | 38.99 | 54.47 | 43.28 | 26.72 |
| Inventory Days | 605.87 | 316.46 | 253.16 | 331.45 | 207.83 | 166.51 | 163.69 | 246.15 | 145.79 | 145.43 | 189.34 | 117.08 |
| Days Payable | 126.86 | 95.58 | 113.88 | 123.58 | 113.31 | 51.59 | 54.62 | 60.57 | 68.85 | 72.51 | 88.82 | 50.35 |
| Cash Conversion Cycle | 552.28 | 280.28 | 261.20 | 331.94 | 131.84 | 166.55 | 200.99 | 214.88 | 115.93 | 127.39 | 143.80 | 93.44 |
| Working Capital Days | 236.90 | 120.40 | 77.79 | 70.86 | 40.26 | 69.02 | 108.04 | 77.81 | 20.41 | -80.76 | -30.54 | 19.98 |
| ROCE % | 4.36% | -9.37% | -4.03% | 12.88% | 20.36% | 17.96% | 19.62% | 20.31% | 5.69% | 10.78% | 9.83% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Block of Plant and Equipment / Fixed Assets INR Lakhs |
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| Derived Production Volume (From Electricity Metrics) Units |
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| Electricity Consumption per Unit of Production KWH |
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| Permanent Employees Numbers |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jun
-
Statement Of Deviation & Variation For The Half Year Ended 31St March, 2026
30 May - Company confirms Regulation 32 not applicable for quarter and year ended 31 March 2026.
-
Appointment Of Internal Auditor For The FY 2026-2027
30 May - FY26 audited results approved; Q4 revenue Rs 924.74 lakh, loss Rs 19.07 lakh; no dividend, new internal auditor appointed.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
30 May - Board approved FY26 audited results, no dividend, and appointed internal auditors for FY27.
- Results-Financial Results For 31St March, 2026 30 May
Annual reports
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Financial Year 2025
from bse
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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 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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Financial Year 2010
from bse
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.