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Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 515037 | NSE: MURUDCERA

Murudeshwar Ceramics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.83Overvalued by 37.90%vs CMP ₹27.10

P/E (12.4) × ROE (2.7%) × BV (₹61.70) × DY (1.85%)

₹36.99Undervalued by 36.49%vs CMP ₹27.10
MoS: +26.7% (Adequate)Confidence: 54/100 (Moderate)Models: 6 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹23.7526%Over (-12.4%)
Graham NumberEarnings₹55.0119%Under (+103%)
DCFCash Flow₹31.2213%Under (+15.2%)
Net Asset ValueAssets₹61.808%Under (+128%)
EV/EBITDAEnterprise₹43.2911%Under (+59.7%)
Earnings YieldEarnings₹21.808%Over (-19.6%)
ROCE CapitalReturns₹31.658%Under (+16.8%)
Revenue MultipleRevenue₹33.386%Under (+23.2%)
Consensus (8 models)₹36.99100%Undervalued
Key Drivers: EPS CAGR 41.1% lifts DCF — verify sustainability. | ROE 2.7% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 41.1%

*Investments are subject to market risks

Investment Snapshot

59
Murudeshwar Ceramics Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 5.2% WeakROE 2.7% WeakD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.03% (6mo) Slight increasePromoter holding at 73.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 17% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +11% YoY GrowingProfit (4Q): +74% YoY Strong
Industry Rank45/100 · Moderate
P/E 12.4 vs industry 34.8 Cheaper than peersROCE 5.2% vs industry 12.4% Below peersROE 2.7% vs industry 14.6% Below peers3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:22 am

Market Cap 164 Cr.
Current Price 27.1
Intrinsic Value₹36.99
High / Low 51.0/23.7
Stock P/E12.4
Book Value 61.7
Dividend Yield1.85 %
ROCE5.24 %
ROE2.70 %
Face Value 10.0
PEG Ratio0.30

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Murudeshwar Ceramics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Murudeshwar Ceramics Ltd 164 Cr. 27.1 51.0/23.712.4 61.71.85 %5.24 %2.70 % 10.0
Exxaro Tiles Ltd 291 Cr. 6.51 11.0/5.2260.9 6.210.00 %3.49 %0.26 % 1.00
Orient Bell Ltd 380 Cr. 258 350/21742.4 2170.19 %2.38 %0.90 % 10.0
Somany Ceramics Ltd 1,492 Cr. 364 624/33223.1 1910.82 %11.5 %8.17 % 2.00
Asian Granito India Ltd 1,732 Cr. 58.4 78.8/39.233.5 62.20.00 %2.17 %2.10 % 10.0
Industry Average3,347.44 Cr727.6534.82200.520.55%12.44%14.63%6.10

All Competitor Stocks of Murudeshwar Ceramics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 43.8557.1537.9045.7151.0451.6643.4742.8550.1566.4046.1545.5751.11
Expenses 36.6747.6230.3938.5643.6243.6535.2835.4542.1855.3638.1038.5744.38
Operating Profit 7.189.537.517.157.428.018.197.407.9711.048.057.006.73
OPM % 16.37%16.68%19.82%15.64%14.54%15.51%18.84%17.27%15.89%16.63%17.44%15.36%13.17%
Other Income 0.090.760.070.080.034.270.191.770.122.820.122.324.04
Interest 2.894.072.962.532.343.213.083.082.854.052.862.782.70
Depreciation 2.613.372.762.772.753.723.373.373.374.383.373.373.38
Profit before tax 1.772.851.861.932.365.351.932.721.875.431.943.174.69
Tax % 16.95%4.91%39.25%37.82%30.93%77.94%1.04%0.74%1.07%36.28%0.00%0.00%0.00%
Net Profit 1.472.701.121.201.631.171.922.701.853.461.953.174.68
EPS in Rs 0.250.470.190.210.280.190.320.450.310.570.320.520.77

Last Updated: March 3, 2026, 7:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 14513811510511912610380122170184202209
Expenses 11410788798897827196140154167176
Operating Profit 3131272632292192631303533
OPM % 21%22%24%25%26%23%20%11%21%18%17%17%16%
Other Income 1111129111459
Interest 21212017191616161313111312
Depreciation 99789910101011121414
Profit before tax 2222553-1647111215
Tax % 22%15%7%47%4%9%47%-26%42%10%55%17%
Net Profit 1221552-122751013
EPS in Rs 0.290.420.380.311.091.010.37-2.270.391.140.851.642.18
Dividend Payout % 0%0%0%0%0%0%0%0%0%44%59%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%0.00%-50.00%400.00%0.00%-60.00%-700.00%116.67%250.00%-28.57%100.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%-50.00%450.00%-400.00%-60.00%-640.00%816.67%133.33%-278.57%128.57%

Murudeshwar Ceramics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:14%
3 Years:18%
TTM:7%
Compounded Profit Growth
10 Years:19%
5 Years:42%
3 Years:70%
TTM:68%
Stock Price CAGR
10 Years:9%
5 Years:22%
3 Years:15%
1 Year:-31%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:2%
Last Year:3%

Last Updated: September 5, 2025, 11:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:40 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 41414143454848525558616161
Reserves 267269274285277285287281284296304311313
Borrowings 12410910310010493798583120110108130
Other Liabilities 31384950494859545367739081
Total Liabilities 463456467477475474473472475540548569584
Fixed Assets 280278278309302298306297298297361349342
CWIP 201925128678103856
Investments 4444444499999
Other Assets 178174166163165171161163162156167173176
Total Assets 463456467477475474473472475540548569584

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3636462351547024423129
Cash from Investing Activity + -11-4-25-20-4-1-18-6-12-81-5-25
Cash from Financing Activity + -24-32-19-4-3-15-295-835-13-16
Net Cash Flow 1-12-1-2-1003-413-12
Free Cash Flow 243020201329-616-4022-1
CFO/OP 119%117%172%84%13%49%227%10%94%142%106%79%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-93.00-78.00-76.00-74.00-72.00-64.00-58.00-76.00-57.00-89.00-80.00-73.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9313110610710013414614566353373
Inventory Days 8478061,4091,6241,4217597791,2401,201975954744
Days Payable 113182322335249112184223203228205210
Cash Conversion Cycle 8277561,1931,3951,2727817411,1621,065782781608
Working Capital Days 171157139141167187164204152786174
ROCE %5%5%5%5%6%5%5%-0%4%5%5%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.65%72.65%72.65%72.65%73.93%73.93%73.93%73.93%73.93%73.93%73.93%73.93%
FIIs 0.00%0.04%0.00%0.01%0.02%0.00%0.00%0.00%0.00%0.03%0.00%0.03%
Public 27.35%27.30%27.34%27.33%26.03%26.05%26.05%26.06%26.05%26.04%26.06%26.02%
No. of Shareholders 20,48120,27120,41321,30320,89921,36424,16923,46323,21923,41823,26022,891

Shareholding Pattern Chart

No. of Shareholders

Murudeshwar Ceramics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 10.0010.0010.0010.00
Basic EPS (Rs.) 1.590.861.130.40
Diluted EPS (Rs.) 1.590.821.070.39
Cash EPS (Rs.) 4.032.833.072.26
Book Value[Excl.RevalReserv]/Share (Rs.) 61.4560.3761.3661.84
Book Value[Incl.RevalReserv]/Share (Rs.) 61.4560.3761.3661.84
Revenue From Operations / Share (Rs.) 33.5130.7729.8822.37
PBDIT / Share (Rs.) 6.525.705.524.97
PBIT / Share (Rs.) 4.133.723.593.10
PBT / Share (Rs.) 1.971.901.280.67
Net Profit / Share (Rs.) 1.640.841.140.39
NP After MI And SOA / Share (Rs.) 1.640.841.140.39
PBDIT Margin (%) 19.4718.5318.4622.20
PBIT Margin (%) 12.3212.0912.0213.84
PBT Margin (%) 5.896.164.273.02
Net Profit Margin (%) 4.892.753.821.74
NP After MI And SOA Margin (%) 4.892.753.821.74
Return on Networth / Equity (%) 2.661.401.860.63
Return on Capital Employeed (%) 5.645.244.864.56
Return On Assets (%) 1.740.931.220.45
Long Term Debt / Equity (X) 0.100.110.150.04
Total Debt / Equity (X) 0.280.290.150.04
Asset Turnover Ratio (%) 0.360.340.330.00
Current Ratio (X) 1.341.381.331.55
Quick Ratio (X) 0.480.400.300.46
Inventory Turnover Ratio (X) 1.810.380.330.00
Dividend Payout Ratio (NP) (%) 30.5056.260.000.00
Dividend Payout Ratio (CP) (%) 12.3916.840.000.00
Earning Retention Ratio (%) 69.5043.740.000.00
Cash Earning Retention Ratio (%) 87.6183.160.000.00
Interest Coverage Ratio (X) 3.023.132.382.05
Interest Coverage Ratio (Post Tax) (X) 1.761.461.491.16
Enterprise Value (Cr.) 286.49373.80226.18148.62
EV / Net Operating Revenue (X) 1.412.011.311.21
EV / EBITDA (X) 7.2510.837.115.45
MarketCap / Net Operating Revenue (X) 0.901.511.011.13
Retention Ratios (%) 69.4943.730.000.00
Price / BV (X) 0.490.760.480.40
Price / Net Operating Revenue (X) 0.901.511.011.13
EarningsYield 0.050.010.030.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Murudeshwar Ceramics Ltd. is a Public Limited Listed company incorporated on 29/06/1983 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L26914KA1983PLC005401 and registration number is 005401. Currently Company is involved in the business activities of Manufacture of refractory ceramic products. Company's Total Operating Revenue is Rs. 202.86 Cr. and Equity Capital is Rs. 60.55 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware604/B, Murudeshwar Bhavan, Gokul Road, Hubballi Karnataka 580030Contact not found
Management
NamePosition Held
Mr. Satish R ShettyChairman & Managing Director
Mr. Karan Satish ShettyWhole Time Director
Mr. Sunil R ShettyNon Executive Director
Mr. Naveen R ShettyNon Executive Director
Mr. Ravindra BhandaryIndependent Director
Mrs. Shakunthala ShettyIndependent Director
Mr. Vishwanath ShettyIndependent Director
Mr. Vittal KM ShettyIndependent Director

FAQ

What is the intrinsic value of Murudeshwar Ceramics Ltd and is it undervalued?

As of 09 April 2026, Murudeshwar Ceramics Ltd's intrinsic value is ₹36.99, which is 36.49% higher than the current market price of ₹27.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.70 %), book value (₹61.7), dividend yield (1.85 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Murudeshwar Ceramics Ltd?

Murudeshwar Ceramics Ltd is trading at ₹27.10 as of 09 April 2026, with a FY2026-2027 high of ₹51.0 and low of ₹23.7. The stock is currently near its 52-week low. Market cap stands at ₹164 Cr..

How does Murudeshwar Ceramics Ltd's P/E ratio compare to its industry?

Murudeshwar Ceramics Ltd has a P/E ratio of 12.4, which is below the industry average of 34.82. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Murudeshwar Ceramics Ltd financially healthy?

Key indicators for Murudeshwar Ceramics Ltd: ROCE of 5.24 % is on the lower side compared to the industry average of 12.44%; ROE of 2.70 % is below ideal levels (industry average: 14.63%). Dividend yield is 1.85 %.

Is Murudeshwar Ceramics Ltd profitable and how is the profit trend?

Murudeshwar Ceramics Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹202 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does Murudeshwar Ceramics Ltd pay dividends?

Murudeshwar Ceramics Ltd has a dividend yield of 1.85 % at the current price of ₹27.10. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Murudeshwar Ceramics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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