Murudeshwar Ceramics Ltd

Murudeshwar Ceramics Ltd

₹ 36.2 -0.30%
24 Nov - close price
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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
39.83 43.85 57.15 37.90 45.71 51.04 51.66 43.47 42.85 50.15 66.40 46.15 45.57
32.12 36.67 47.62 30.39 38.56 43.62 43.65 35.28 35.45 42.17 55.36 38.10 38.57
Operating Profit 7.71 7.18 9.53 7.51 7.15 7.42 8.01 8.19 7.40 7.98 11.04 8.05 7.00
OPM % 19.36% 16.37% 16.68% 19.82% 15.64% 14.54% 15.51% 18.84% 17.27% 15.91% 16.63% 17.44% 15.36%
0.09 0.09 0.76 0.07 0.08 0.03 4.27 0.19 1.77 0.12 2.82 0.12 2.32
Interest 3.65 2.89 4.07 2.96 2.53 2.34 3.21 3.08 3.08 2.85 4.05 2.86 2.78
Depreciation 2.59 2.61 3.37 2.76 2.77 2.75 3.72 3.37 3.37 3.38 4.38 3.37 3.37
Profit before tax 1.56 1.77 2.85 1.86 1.93 2.36 5.35 1.93 2.72 1.87 5.43 1.94 3.17
Tax % 7.69% 16.95% 4.91% 39.25% 37.82% 30.93% 77.94% 1.04% 0.74% 1.07% 36.28% 0.00% 0.00%
1.52 1.47 2.62 1.13 1.26 1.67 1.17 2.01 2.91 1.67 3.25 1.93 3.19
EPS in Rs 0.26 0.25 0.45 0.20 0.22 0.29 0.19 0.33 0.48 0.28 0.54 0.32 0.53
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
72.65% 72.65% 72.65% 72.65% 72.65% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93%
0.00% 0.00% 0.04% 0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00%
27.34% 27.35% 27.30% 27.34% 27.33% 26.03% 26.05% 26.05% 26.06% 26.05% 26.04% 26.06%
No. of Shareholders 21,14020,48120,27120,41321,30320,89921,36424,16923,46323,21923,41823,260

* 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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