Murudeshwar Ceramics Ltd
Incorporated in 1983, Murudeshwar
Ceramics Ltd manufacture and trades in wide range of Ceramic and Vitrified floor & Wall tiles[1]
- Market Cap ₹ 220 Cr.
- Current Price ₹ 36.2
- High / Low ₹ 59.0 / 29.9
- Stock P/E 21.9
- Book Value ₹ 61.8
- Dividend Yield 1.38 %
- ROCE 5.23 %
- ROE 2.69 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.58 times its book value
- Company has been maintaining a healthy dividend payout of 44.4%
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.02% over last 3 years.
- Debtor days have increased from 47.1 to 73.4 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Ceramics
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 80 | 122 | 170 | 184 | 202 | 208 | |
| 72 | 96 | 140 | 154 | 167 | 174 | |
| Operating Profit | 9 | 26 | 31 | 30 | 35 | 34 |
| OPM % | 11% | 21% | 18% | 17% | 17% | 16% |
| 1 | 1 | 1 | 4 | 5 | 5 | |
| Interest | 16 | 13 | 13 | 11 | 13 | 13 |
| Depreciation | 10 | 10 | 11 | 12 | 14 | 14 |
| Profit before tax | -16 | 4 | 7 | 11 | 12 | 12 |
| Tax % | -26% | 42% | 10% | 55% | 17% | |
| -12 | 2 | 7 | 5 | 10 | 10 | |
| EPS in Rs | -2.27 | 0.39 | 1.14 | 0.85 | 1.64 | 1.67 |
| Dividend Payout % | 0% | 0% | 44% | 59% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 15% |
| 3 Years: | -5% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 52 | 55 | 58 | 61 | 61 | 61 |
| Reserves | 278 | 285 | 296 | 305 | 312 | 314 |
| 85 | 83 | 120 | 110 | 108 | 130 | |
| 56 | 53 | 67 | 73 | 90 | 81 | |
| Total Liabilities | 472 | 476 | 541 | 548 | 570 | 585 |
| 297 | 298 | 297 | 361 | 349 | 342 | |
| CWIP | 8 | 6 | 78 | 10 | 38 | 56 |
| Investments | 108 | 10 | 10 | 10 | 10 | 10 |
| 59 | 162 | 156 | 167 | 173 | 176 | |
| Total Assets | 472 | 476 | 541 | 548 | 570 | 585 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 0 | 23 | 43 | 31 | 29 | |
| -6 | -13 | -82 | -5 | -24 | |
| 6 | -8 | 35 | -13 | -16 | |
| Net Cash Flow | 0 | 3 | -4 | 13 | -12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 144 | 66 | 35 | 33 | 73 |
| Inventory Days | 0 | 1,201 | 975 | 954 | 744 |
| Days Payable | 203 | 228 | 205 | 210 | |
| Cash Conversion Cycle | 144 | 1,065 | 782 | 781 | 608 |
| Working Capital Days | 203 | 152 | 78 | 61 | 74 |
| ROCE % | 4% | 5% | 5% | 5% |
Documents
Announcements
- Results - Quarter Ended 30Th September, 2025 12 Nov
-
Board Meeting Outcome for Outcome Of The Board Meeting Held Today, On November 12, 2025 And Announcements Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015.
12 Nov - Board approved unaudited Q2/H1 results (30 Sep 2025): revenue Rs4,788.60 lakh; PBT Rs317.09 lakh; limited review clean.
-
Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On Wednesday, November 12, 2025.
28 Oct - Board meeting on Nov 12, 2025 to approve unaudited Q2/H1 results ended Sep 30, 2025; trading window closed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Compliance certificate As per Regulation 74(5) of SEBI(DP) Regulations, 2018.
- Closure of Trading Window 19 Sep
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 2013
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Financial Year 2012
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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.