Manoj Ceramic Ltd
Incorporated in 2006, Manoj Ceramic Limited trades in ceramic tiles and tile adhesives under the brand name "MCPL".[1]
- Market Cap ₹ 137 Cr.
- Current Price ₹ 99.6
- High / Low ₹ 115 / 57.2
- Stock P/E 8.45
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 13.0 %
- ROE 9.87 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.92 times its book value
- Company has delivered good profit growth of 134% CAGR over last 5 years
- Debtor days have improved from 157 to 114 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.9% 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
Consumer Discretionary Consumer Durables Consumer Durables Ceramics
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 36 | 43 | 74 | 96 | 164 | 201 | 283 | |
| Sales growth | +21% | +70% | +30% | +71% | +23% | +58% | |
| 31 | 39 | 65 | 81 | 142 | 177 | 253 | |
| Operating Profit | 4 | 4 | 9 | 14 | 23 | 24 | 31 |
| OPM % | 12% | 9% | 12% | 15% | 14% | 12% | 11% |
| 2 | 2 | 1 | 1 | 0 | 0 | 1 | |
| Interest | 5 | 4 | 5 | 7 | 7 | 8 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 1 | 5 | 8 | 15 | 16 | 22 |
| Tax % | 68% | 24% | 26% | 28% | 29% | 27% | |
| 0 | 1 | 4 | 6 | 11 | 12 | 16 | |
| EPS in Rs | 0.13 | 1.58 | 6.13 | 7.30 | 9.46 | 8.65 | 11.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 40% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 134% |
| 3 Years: | 48% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 8 | 11 | 14 | 16 |
| Reserves | 5 | 5 | 9 | 21 | 93 | 122 | 133 |
| 42 | 37 | 53 | 60 | 60 | 73 | 90 | |
| 13 | 14 | 16 | 16 | 26 | 36 | 39 | |
| Total Liabilities | 61 | 59 | 79 | 105 | 190 | 246 | 278 |
| 1 | 1 | 1 | 1 | 5 | 5 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| 58 | 58 | 78 | 104 | 185 | 240 | 271 | |
| Total Assets | 61 | 59 | 79 | 105 | 190 | 246 | 278 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | 7 | -10 | -12 | -40 | -35 | |
| -1 | 1 | 1 | 1 | -8 | 0 | |
| 1 | -9 | 8 | 12 | 58 | 25 | |
| Net Cash Flow | 1 | -1 | -1 | 0 | 10 | -9 |
| Free Cash Flow | 1 | 7 | -10 | -13 | -45 | -36 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 22% | 175% | -107% | -67% | -157% | -122% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 107 | 74 | 169 | 193 | 163 | 114 |
| Inventory Days | 414 | 347 | 140 | 128 | 136 | 135 |
| Days Payable | 187 | 142 | 84 | 59 | 53 | 57 |
| Cash Conversion Cycle | 333 | 279 | 225 | 262 | 246 | 192 |
| Working Capital Days | 192 | 108 | 139 | 185 | 240 | 240 |
| ROCE % | 12% | 18% | 20% | 18% | 13% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Export Revenue as % of Total Revenue % |
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| Number of Dealers / Dealer Network count |
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| Number of Depots / Warehouses count |
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| Number of Team Members / Permanent Employees count |
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| Number of Active SKUs count |
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| Number of Retail Showrooms / Experience Centers count |
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| Retail Footprint (Total Stores Area) sq. ft. |
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| B2B Revenue Mix % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
- Chhogmal & Co. resigned as statutory auditor on 13 November 2026 due to pre-occupation.
-
Unaudited Financial Results Of The Company For The Half Year Ended 30Th September, 2026
- Board approved H1 FY27 standalone and consolidated results on 12 November 2026; utilization certificate for preferential issue enclosed.
-
Board Meeting Outcome for Outcome For Board Meeting Held On Thursday, 12Th November, 2026
- Board approved unaudited standalone and consolidated results for half year ended 30 September 2026; issued utilization certificate.
-
Announcement under Regulation 30 (LODR)-Preferential Issue
- BSE in-principle approved 2.5 lakh CCPS issuance to promoters at ₹100 each on 3 Nov 2026.
-
Board Meeting Intimation for To Consider And Approve Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Half Year Ended 30Th September, 2026.
- Board meeting on 12 Nov 2026 to approve H1 FY27 unaudited standalone and consolidated results.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
Concalls
-
Jun 2026Transcript PPT REC
-
Nov 2025Transcript PPT
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May 2025Transcript PPT REC
Business Overview:[1]
MCPL is primarily a branded distributor rather than a ceramic-tile manufacturer. It sources tiles, sanitaryware and bath fittings from third-party manufacturers—largely through spot arrangements without assured long-term supply—and manages branding, inventory, logistics, dealer/B2B distribution and experience-centre retailing.