Murudeshwar Ceramics Ltd

Murudeshwar Ceramics Ltd

₹ 30.8 -1.50%
15 Jul 9:20 a.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 186 Cr.
  • Current Price 30.8
  • High / Low 51.0 / 23.7
  • Stock P/E 17.3
  • Book Value 62.8
  • Dividend Yield 1.62 %
  • ROCE 5.20 %
  • ROE 2.87 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.50 times its book value

Cons

  • Company has a low return on equity of 2.35% 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

Consolidated Figures in Rs. Crores / View Standalone

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 42.17 55.36 38.10 38.57 44.40 52.93
Operating Profit 9.53 7.51 7.15 7.42 8.01 8.19 7.40 7.98 11.04 8.05 7.00 6.71 9.71
OPM % 16.68% 19.82% 15.64% 14.54% 15.51% 18.84% 17.27% 15.91% 16.63% 17.44% 15.36% 13.13% 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 3.38 4.38 3.37 3.37 3.36 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%
2.62 1.13 1.26 1.67 1.17 2.01 2.91 1.67 3.25 1.93 3.19 4.09 1.58
EPS in Rs 0.45 0.20 0.22 0.29 0.19 0.33 0.48 0.28 0.54 0.32 0.53 0.68 0.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
80 122 170 184 202 205
72 96 140 154 167 174
Operating Profit 9 26 31 30 35 31
OPM % 11% 21% 18% 17% 17% 15%
1 1 1 4 5 10
Interest 16 13 13 11 13 12
Depreciation 10 10 11 12 14 15
Profit before tax -16 4 7 11 12 14
Tax % -26% 42% 10% 55% 17% 18%
-12 2 7 5 10 11
EPS in Rs -2.27 0.39 1.14 0.85 1.64 1.78
Dividend Payout % 0% 0% 44% 59% 31% 0%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 6%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 18%
TTM: 9%
Stock Price CAGR
10 Years: 2%
5 Years: 0%
3 Years: -7%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: 2%
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 Mar 2026
Equity Capital 52 55 58 61 61 61
Reserves 278 285 296 305 312 320
85 83 120 110 108 142
56 53 67 73 90 93
Total Liabilities 472 476 541 548 570 616
297 298 297 361 349 390
CWIP 8 6 78 10 38 24
Investments 108 10 10 10 10 9
59 162 156 167 173 192
Total Assets 472 476 541 548 570 616

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 23 43 31 29 21
-6 -13 -82 -5 -24 -41
6 -8 35 -13 -16 23
Net Cash Flow 0 3 -4 13 -12 4
Free Cash Flow -7 15 -40 22 -1 -21
CFO/OP 5% 93% 142% 107% 79% 63%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 144 66 35 33 73 91
Inventory Days 0 1,201 975 954 744 881
Days Payable 203 228 205 210 251
Cash Conversion Cycle 144 1,065 782 781 608 722
Working Capital Days 203 152 78 61 74 85
ROCE % 4% 5% 5% 5% 5%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total tile production volume
Sq. Mtrs. ・Standalone data

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Company-owned showrooms
Number ・Standalone data
Depots
Number ・Standalone data
Production of vitrified tiles - 60x120 cm (large format)
Sq. Mtrs. ・Standalone data
Production of vitrified tiles - 60x60 cm
Sq. Mtrs. ・Standalone data
Production of wall tiles
Sq. Mtrs. ・Standalone data
Installed capacity of vitrified and ceramic tiles
Sq. Mtrs. per annum ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
72.65% 72.65% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93% 73.93%
0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.03% 0.00% 0.00%
27.34% 27.33% 26.03% 26.05% 26.05% 26.06% 26.05% 26.04% 26.06% 26.02% 26.07% 26.05%
No. of Shareholders 20,41321,30320,89921,36424,16923,46323,21923,41823,26022,89122,42222,274

* 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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