Murudeshwar Ceramics Ltd

Murudeshwar Ceramics Ltd

₹ 32.0 -1.51%
10 Jun 2:06 p.m.
About

Incorporated in 1983, Murudeshwar
Ceramics Ltd manufacture and trades in wide range of Ceramic and Vitrified floor & Wall tiles[1]

Key Points

Business Overview:[1]
MCL is a part of RN Shetty Group.It is an ISO: 9001-2000 certified manufacturer of glazed ceramic floor tiles, vitrified porcelain, and
natural granite slabs, which It sells directly to real estate entities and through retail sales channels.

  • Market Cap 194 Cr.
  • Current Price 32.0
  • High / Low 51.0 / 23.7
  • Stock P/E 17.2
  • Book Value 62.7
  • Dividend Yield 1.55 %
  • ROCE 5.21 %
  • ROE 3.00 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.52 times its book value
  • Company has delivered good profit growth of 24.2% CAGR over last 5 years

Cons

  • Company has a low return on equity of 2.40% over last 3 years.
  • Debtor days have increased from 65.8 to 91.4 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
57.15 37.90 45.71 51.04 51.66 43.47 42.85 50.15 66.40 46.15 45.57 51.11 62.64
47.62 30.39 38.56 43.62 43.65 35.28 35.45 42.18 55.36 38.10 38.57 44.38 52.93
Operating Profit 9.53 7.51 7.15 7.42 8.01 8.19 7.40 7.97 11.04 8.05 7.00 6.73 9.71
OPM % 16.68% 19.82% 15.64% 14.54% 15.51% 18.84% 17.27% 15.89% 16.63% 17.44% 15.36% 13.17% 15.50%
0.76 0.07 0.08 0.03 4.27 0.19 1.77 0.12 2.82 0.12 2.32 4.04 3.09
Interest 4.07 2.96 2.53 2.34 3.21 3.08 3.08 2.85 4.05 2.86 2.78 2.70 4.05
Depreciation 3.37 2.76 2.77 2.75 3.72 3.37 3.37 3.37 4.38 3.37 3.37 3.38 4.86
Profit before tax 2.85 1.86 1.93 2.36 5.35 1.93 2.72 1.87 5.43 1.94 3.17 4.69 3.89
Tax % 4.91% 39.25% 37.82% 30.93% 77.94% 1.04% 0.74% 1.07% 36.28% 0.00% 0.00% 0.00% 62.47%
2.70 1.12 1.20 1.63 1.17 1.92 2.70 1.85 3.46 1.95 3.17 4.68 1.46
EPS in Rs 0.47 0.19 0.21 0.28 0.19 0.32 0.45 0.31 0.57 0.32 0.52 0.77 0.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
138 115 105 119 126 103 80 122 170 184 202 205
107 88 79 88 97 82 71 96 140 154 167 174
Operating Profit 31 27 26 32 29 21 9 26 31 30 35 31
OPM % 22% 24% 25% 26% 23% 20% 11% 21% 18% 17% 17% 15%
1 1 1 1 2 9 1 1 1 4 5 10
Interest 21 20 17 19 16 16 16 13 13 11 13 12
Depreciation 9 7 8 9 9 10 10 10 11 12 14 15
Profit before tax 2 2 2 5 5 3 -16 4 7 11 12 14
Tax % 15% 7% 47% 4% 9% 47% -26% 42% 10% 55% 17% 18%
2 2 1 5 5 2 -12 2 7 5 10 11
EPS in Rs 0.42 0.38 0.31 1.09 1.01 0.37 -2.27 0.39 1.14 0.85 1.64 1.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 44% 59% 31% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 21%
3 Years: 6%
TTM: 2%
Compounded Profit Growth
10 Years: 22%
5 Years: 24%
3 Years: 19%
TTM: 14%
Stock Price CAGR
10 Years: 3%
5 Years: 4%
3 Years: -10%
1 Year: -30%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 2%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 41 41 43 45 48 48 52 55 58 61 61 61
Reserves 269 274 285 277 285 287 281 284 296 304 311 319
109 103 100 104 93 79 85 83 120 110 108 142
38 49 50 49 48 59 54 53 67 73 90 93
Total Liabilities 456 467 477 475 474 473 472 475 540 548 569 616
278 278 309 302 298 306 297 298 297 361 349 390
CWIP 0 19 2 5 1 2 8 6 78 10 38 24
Investments 4 4 4 4 4 4 4 9 9 9 9 9
174 166 163 165 171 161 163 162 156 167 173 192
Total Assets 456 467 477 475 474 473 472 475 540 548 569 616

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
36 46 23 5 15 47 0 24 42 31 29 22
-4 -25 -20 -4 -1 -18 -6 -12 -81 -5 -25 -41
-32 -19 -4 -3 -15 -29 5 -8 35 -13 -16 23
Net Cash Flow -1 2 -1 -2 -1 0 0 3 -4 13 -12 4
Free Cash Flow 30 20 2 0 13 29 -6 16 -40 22 -1 -21
CFO/OP 117% 172% 84% 13% 49% 227% 10% 94% 142% 106% 79% 65%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 131 106 107 100 134 146 145 66 35 33 73 91
Inventory Days 806 1,409 1,624 1,421 759 779 1,240 1,201 975 954 744 881
Days Payable 182 322 335 249 112 184 223 203 228 205 210 251
Cash Conversion Cycle 756 1,193 1,395 1,272 781 741 1,162 1,065 782 781 608 722
Working Capital Days 157 139 141 167 187 164 204 152 78 61 74 85
ROCE % 5% 5% 5% 6% 5% 5% -0% 4% 5% 5% 5% 5%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Total Tile Production Volume
Square Meters

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Number of Permanent Employees
Count
Annual Production Capacity
Square Meters
Capacity Utilization
%
Number of Company Owned Showrooms
Count
Number of Depots
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.65% 72.65% 72.65% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93%
0.04% 0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.03% 0.00%
27.30% 27.34% 27.33% 26.03% 26.05% 26.05% 26.06% 26.05% 26.04% 26.06% 26.02% 26.07%
No. of Shareholders 20,27120,41321,30320,89921,36424,16923,46323,21923,41823,26022,89122,422

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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