Associated Ceramics Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: September 18, 2025, 7:31 pm

Quick Insight

Associated Ceramics Ltd, operating in the refractories industry, exhibits a high P/E ratio of 41.0, indicating a premium investors are willing to pay for its earnings. With a ROE of 9.55% and ROCE of 10.8%, the company is generating decent returns on equity and capital employed, respectively. Its OPM stands at 13.11%, reflecting its operational efficiency. The company's healthy ICR of 21.36x suggests it can comfortably meet its interest obligations. However, its CCC of 119.41 days warrants attention for potential liquidity challenges. Overall, investors should closely monitor working capital management to ensure sustained profitability and liquidity.

Competitors of Associated Ceramics Ltd

All Competitor Stocks of Associated Ceramics Ltd

Quarterly Result

Last Updated: August 19, 2025, 11:05 pm

Below is a detailed analysis of the quarterly data for Associated Ceramics Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

• For Sales, as of Jun 2025, the value is 12.81 Cr.. The value appears strong and on an upward trend. It has increased from 11.27 Cr. (Mar 2025) to 12.81 Cr., marking an increase of 1.54 Cr..
• For Expenses, as of Jun 2025, the value is 11.13 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10.86 Cr. (Mar 2025) to 11.13 Cr., marking an increase of 0.27 Cr..
• For Operating Profit, as of Jun 2025, the value is 1.68 Cr.. The value appears strong and on an upward trend. It has increased from 0.41 Cr. (Mar 2025) to 1.68 Cr., marking an increase of 1.27 Cr..
• For OPM %, as of Jun 2025, the value is 13.11%. The value appears strong and on an upward trend. It has increased from 3.64% (Mar 2025) to 13.11%, marking an increase of 9.47%.
• For Other Income, as of Jun 2025, the value is 0.17 Cr.. The value appears to be declining and may need further review. It has decreased from 1.32 Cr. (Mar 2025) to 0.17 Cr., marking a decrease of 1.15 Cr..
• For Interest, as of Jun 2025, the value is 0.06 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.12 Cr. (Mar 2025) to 0.06 Cr., marking a decrease of 0.06 Cr..
• For Depreciation, as of Jun 2025, the value is 0.82 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.86 Cr. (Mar 2025) to 0.82 Cr., marking a decrease of 0.04 Cr..
• For Profit before tax, as of Jun 2025, the value is 0.97 Cr.. The value appears strong and on an upward trend. It has increased from 0.75 Cr. (Mar 2025) to 0.97 Cr., marking an increase of 0.22 Cr..
• For Tax %, as of Jun 2025, the value is 25.77%. The value appears to be improving (decreasing) as expected. It has decreased from 66.67% (Mar 2025) to 25.77%, marking a decrease of 40.90%.
• For Net Profit, as of Jun 2025, the value is 0.73 Cr.. The value appears strong and on an upward trend. It has increased from 0.25 Cr. (Mar 2025) to 0.73 Cr., marking an increase of 0.48 Cr..
• For EPS in Rs, as of Jun 2025, the value is 2.43. The value appears strong and on an upward trend. It has increased from 0.83 (Mar 2025) to 2.43, marking an increase of 1.60.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 2:49 pm

Growth

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: September 10, 2025, 3:06 pm

Below is a detailed analysis of the balance sheet data for Associated Ceramics Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

• For Equity Capital, as of Mar 2025, the value is 2.28 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2.28 Cr..
• For Reserves, as of Mar 2025, the value is 21.30 Cr.. The value appears strong and on an upward trend. It has increased from 19.18 Cr. (Mar 2024) to 21.30 Cr., marking an increase of 2.12 Cr..
• For Borrowings, as of Mar 2025, the value is 6.50 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 16.76 Cr. (Mar 2024) to 6.50 Cr., marking a decrease of 10.26 Cr..
• For Other Liabilities, as of Mar 2025, the value is 15.57 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9.32 Cr. (Mar 2024) to 15.57 Cr., marking an increase of 6.25 Cr..
• For Total Liabilities, as of Mar 2025, the value is 45.65 Cr.. The value appears to be improving (decreasing). It has decreased from 47.54 Cr. (Mar 2024) to 45.65 Cr., marking a decrease of 1.89 Cr..
• For Fixed Assets, as of Mar 2025, the value is 22.67 Cr.. The value appears to be declining and may need further review. It has decreased from 25.07 Cr. (Mar 2024) to 22.67 Cr., marking a decrease of 2.40 Cr..
• For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
• For Investments, as of Mar 2025, the value is 2.27 Cr.. The value appears strong and on an upward trend. It has increased from 1.80 Cr. (Mar 2024) to 2.27 Cr., marking an increase of 0.47 Cr..
• For Other Assets, as of Mar 2025, the value is 20.71 Cr.. The value appears strong and on an upward trend. It has increased from 20.67 Cr. (Mar 2024) to 20.71 Cr., marking an increase of 0.04 Cr..
• For Total Assets, as of Mar 2025, the value is 45.65 Cr.. The value appears to be declining and may need further review. It has decreased from 47.54 Cr. (Mar 2024) to 45.65 Cr., marking a decrease of 1.89 Cr..

Notably, the Reserves (21.30 Cr.) exceed the Borrowings (6.50 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Cash Flow

Free Cash Flow

Share Holding Pattern

Key Financial Ratios

After reviewing the key financial ratios for Associated Ceramics Ltd, here is a detailed analysis based on the latest available data and recent trends:

• For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
• For Basic EPS (Rs.), as of Mar 25, the value is 10.56. This value is within the healthy range. It has increased from 4.19 (Mar 24) to 10.56, marking an increase of 6.37.
• For Diluted EPS (Rs.), as of Mar 25, the value is 10.56. This value is within the healthy range. It has increased from 4.19 (Mar 24) to 10.56, marking an increase of 6.37.
• For Cash EPS (Rs.), as of Mar 25, the value is 24.39. This value is within the healthy range. It has increased from 19.33 (Mar 24) to 24.39, marking an increase of 5.06.
• For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 103.24. It has increased from 93.95 (Mar 24) to 103.24, marking an increase of 9.29.
• For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 103.24. It has increased from 93.95 (Mar 24) to 103.24, marking an increase of 9.29.
• For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 183.57. It has increased from 177.48 (Mar 24) to 183.57, marking an increase of 6.09.
• For PBDIT / Share (Rs.), as of Mar 25, the value is 30.86. This value is within the healthy range. It has increased from 24.67 (Mar 24) to 30.86, marking an increase of 6.19.
• For PBIT / Share (Rs.), as of Mar 25, the value is 15.91. This value is within the healthy range. It has increased from 9.09 (Mar 24) to 15.91, marking an increase of 6.82.
• For PBT / Share (Rs.), as of Mar 25, the value is 14.47. This value is within the healthy range. It has increased from 7.55 (Mar 24) to 14.47, marking an increase of 6.92.
• For Net Profit / Share (Rs.), as of Mar 25, the value is 9.45. This value is within the healthy range. It has increased from 3.75 (Mar 24) to 9.45, marking an increase of 5.70.
• For PBDIT Margin (%), as of Mar 25, the value is 16.80. This value is within the healthy range. It has increased from 13.89 (Mar 24) to 16.80, marking an increase of 2.91.
• For PBIT Margin (%), as of Mar 25, the value is 8.66. This value is below the healthy minimum of 10. It has increased from 5.12 (Mar 24) to 8.66, marking an increase of 3.54.
• For PBT Margin (%), as of Mar 25, the value is 7.88. This value is below the healthy minimum of 10. It has increased from 4.25 (Mar 24) to 7.88, marking an increase of 3.63.
• For Net Profit Margin (%), as of Mar 25, the value is 5.14. This value is within the healthy range. It has increased from 2.11 (Mar 24) to 5.14, marking an increase of 3.03.
• For Return on Networth / Equity (%), as of Mar 25, the value is 9.15. This value is below the healthy minimum of 15. It has increased from 3.99 (Mar 24) to 9.15, marking an increase of 5.16.
• For Return on Capital Employeed (%), as of Mar 25, the value is 14.47. This value is within the healthy range. It has increased from 9.20 (Mar 24) to 14.47, marking an increase of 5.27.
• For Return On Assets (%), as of Mar 25, the value is 4.72. This value is below the healthy minimum of 5. It has increased from 1.80 (Mar 24) to 4.72, marking an increase of 2.92.
• For Total Debt / Equity (X), as of Mar 25, the value is 0.06. This value is within the healthy range. It has decreased from 0.32 (Mar 24) to 0.06, marking a decrease of 0.26.
• For Asset Turnover Ratio (%), as of Mar 25, the value is 0.90. It has increased from 0.88 (Mar 24) to 0.90, marking an increase of 0.02.
• For Current Ratio (X), as of Mar 25, the value is 1.01. This value is below the healthy minimum of 1.5. It has increased from 0.82 (Mar 24) to 1.01, marking an increase of 0.19.
• For Quick Ratio (X), as of Mar 25, the value is 0.54. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 24) which recorded 0.54.
• For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.89. This value is below the healthy minimum of 4. It has increased from 2.45 (Mar 24) to 2.89, marking an increase of 0.44.
• For Interest Coverage Ratio (X), as of Mar 25, the value is 21.36. This value is within the healthy range. It has increased from 15.98 (Mar 24) to 21.36, marking an increase of 5.38.
• For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 7.54. This value is within the healthy range. It has increased from 3.43 (Mar 24) to 7.54, marking an increase of 4.11.
• For Enterprise Value (Cr.), as of Mar 25, the value is 48.72. It has decreased from 163.29 (Mar 24) to 48.72, marking a decrease of 114.57.
• For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.16. This value is within the healthy range. It has decreased from 4.03 (Mar 24) to 1.16, marking a decrease of 2.87.
• For EV / EBITDA (X), as of Mar 25, the value is 6.91. This value is within the healthy range. It has decreased from 28.97 (Mar 24) to 6.91, marking a decrease of 22.06.
• For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.21. This value is within the healthy range. It has decreased from 3.97 (Mar 24) to 1.21, marking a decrease of 2.76.
• For Price / BV (X), as of Mar 25, the value is 2.16. This value is within the healthy range. It has decreased from 7.50 (Mar 24) to 2.16, marking a decrease of 5.34.
• For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.21. This value is within the healthy range. It has decreased from 3.97 (Mar 24) to 1.21, marking a decrease of 2.76.
• For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 24) to 0.04, marking an increase of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Fair Value

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Strength and Weakness