Share Price and Basic Stock Data
Last Updated: November 14, 2025, 9:45 am
| PEG Ratio | 0.70 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Murudeshwar Ceramics Ltd operates in the ceramics, tiles, and sanitary ware industry, with its stock currently priced at ₹45.4 and a market capitalization of ₹275 Cr. The company reported a revenue of ₹206 Cr for the trailing twelve months (TTM), reflecting a consistent growth trajectory. Specifically, revenue rose from ₹170 Cr in FY 2023 to ₹184 Cr in FY 2024, and further to ₹202 Cr in FY 2025. This upward trend underscores a robust recovery from the ₹122 Cr recorded in FY 2022. Quarterly sales figures indicate fluctuations, with the highest quarterly sales of ₹57.15 Cr reported in March 2023, while the recent quarter (September 2023) recorded sales of ₹45.71 Cr. This variability may reflect seasonal demand patterns or operational adjustments. The company’s revenue growth is particularly notable against the backdrop of a challenging market environment, highlighting its competitive positioning within the ceramic sector.
Profitability and Efficiency Metrics
In terms of profitability, Murudeshwar Ceramics reported a net profit of ₹10 Cr for FY 2025, which is a significant improvement from the ₹7 Cr recorded in FY 2023. The operating profit margin (OPM) stood at 17.44%, indicating a stable operational efficiency, although it has experienced fluctuations over the recent quarters. The OPM was as high as 20.40% in June 2022 but declined to 15.64% by September 2023. The interest coverage ratio (ICR) is a healthy 3.02x, suggesting that the company comfortably meets its interest obligations. However, the return on equity (ROE) stands at a modest 2.70%, reflecting potential areas for improvement in capital efficiency. Additionally, the cash conversion cycle (CCC) of 608 days signals a relatively lengthy process in converting sales into cash, which could pose liquidity challenges, especially in a competitive market.
Balance Sheet Strength and Financial Ratios
The balance sheet of Murudeshwar Ceramics reflects a reasonable level of financial stability, with total borrowings amounting to ₹108 Cr against reserves of ₹311 Cr. The debt-to-equity ratio is relatively low at 0.28, indicating a conservative financing approach. The company’s book value per share is reported at ₹61.45 for FY 2025, which supports the current market price of ₹45.4, suggesting that the stock is trading below its book value. This could indicate undervaluation or market skepticism about growth prospects. The company has maintained a consistent dividend payout ratio, with 31% reported for FY 2025, down from 59% in FY 2024, reflecting a strategic decision to retain earnings for growth. Overall, the financial ratios indicate a cautious yet stable financial position, although the low ROE suggests that there is room for enhancing shareholder returns.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Murudeshwar Ceramics indicates strong promoter confidence, with promoters holding 73.93% of the equity as of March 2025. This high level of ownership typically reflects a commitment to long-term growth and stability. The public holds 26.06% of the shares, with foreign institutional investors (FIIs) maintaining a negligible stake of 0.00%. This lack of FII interest might reflect broader market sentiments or perceived risks associated with the ceramics sector. The total number of shareholders stood at 23,260 in March 2025, which indicates a stable investor base. However, the absence of significant institutional investment could be a concern for potential investors, as it may limit liquidity and market interest. The consistent shareholding by promoters could bolster investor confidence, yet the lack of diversification in ownership could also raise red flags regarding market perceptions.
Outlook, Risks, and Final Insight
Looking ahead, Murudeshwar Ceramics faces both opportunities and challenges. Strengths include a solid revenue growth trajectory and strong promoter backing, which can help navigate market fluctuations. However, risks include a lengthy cash conversion cycle and modest profitability metrics, particularly the low ROE. The company must address operational efficiencies to enhance its profitability and reduce the CCC, which currently stands at 608 days. If operational challenges are mitigated and market conditions improve, there is potential for enhanced profitability and shareholder value. Conversely, if market conditions deteriorate or competition intensifies, the company may struggle to maintain its growth momentum. Investors should closely monitor these factors, as they will play a critical role in shaping the company’s future performance.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Murudeshwar Ceramics Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Exxaro Tiles Ltd | 403 Cr. | 9.00 | 11.6/5.22 | 75.7 | 6.21 | 0.00 % | 3.49 % | 0.26 % | 1.00 |
| Carysil Ltd | 2,953 Cr. | 1,038 | 1,072/482 | 36.5 | 199 | 0.23 % | 15.4 % | 14.5 % | 2.00 |
| Somany Ceramics Ltd | 1,821 Cr. | 444 | 737/395 | 31.9 | 191 | 0.67 % | 11.5 % | 8.17 % | 2.00 |
| Orient Bell Ltd | 406 Cr. | 276 | 350/215 | 62.0 | 217 | 0.18 % | 2.38 % | 0.90 % | 10.0 |
| Nitco Ltd | 2,114 Cr. | 92.3 | 164/89.5 | 10.8 | 0.00 % | 42.9 % | % | 10.0 | |
| Industry Average | 3,856.78 Cr | 880.02 | 43.37 | 198.19 | 0.43% | 12.44% | 14.63% | 6.10 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31.57 | 39.83 | 43.85 | 57.15 | 37.90 | 45.71 | 51.04 | 51.66 | 43.47 | 42.85 | 50.15 | 66.40 | 46.15 |
| Expenses | 25.13 | 32.12 | 36.67 | 47.62 | 30.39 | 38.56 | 43.62 | 43.65 | 35.28 | 35.45 | 42.18 | 55.36 | 38.10 |
| Operating Profit | 6.44 | 7.71 | 7.18 | 9.53 | 7.51 | 7.15 | 7.42 | 8.01 | 8.19 | 7.40 | 7.97 | 11.04 | 8.05 |
| OPM % | 20.40% | 19.36% | 16.37% | 16.68% | 19.82% | 15.64% | 14.54% | 15.51% | 18.84% | 17.27% | 15.89% | 16.63% | 17.44% |
| Other Income | 0.05 | 0.09 | 0.09 | 0.76 | 0.07 | 0.08 | 0.03 | 4.27 | 0.19 | 1.77 | 0.12 | 2.82 | 0.12 |
| Interest | 2.76 | 3.65 | 2.89 | 4.07 | 2.96 | 2.53 | 2.34 | 3.21 | 3.08 | 3.08 | 2.85 | 4.05 | 2.86 |
| Depreciation | 2.52 | 2.59 | 2.61 | 3.37 | 2.76 | 2.77 | 2.75 | 3.72 | 3.37 | 3.37 | 3.37 | 4.38 | 3.37 |
| Profit before tax | 1.21 | 1.56 | 1.77 | 2.85 | 1.86 | 1.93 | 2.36 | 5.35 | 1.93 | 2.72 | 1.87 | 5.43 | 1.94 |
| Tax % | 16.53% | 7.69% | 16.95% | 4.91% | 39.25% | 37.82% | 30.93% | 77.94% | 1.04% | 0.74% | 1.07% | 36.28% | 0.00% |
| Net Profit | 1.00 | 1.43 | 1.47 | 2.70 | 1.12 | 1.20 | 1.63 | 1.17 | 1.92 | 2.70 | 1.85 | 3.46 | 1.95 |
| EPS in Rs | 0.17 | 0.25 | 0.25 | 0.47 | 0.19 | 0.21 | 0.28 | 0.19 | 0.32 | 0.45 | 0.31 | 0.57 | 0.32 |
Last Updated: August 20, 2025, 6:45 am
Below is a detailed analysis of the quarterly data for Murudeshwar 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 46.15 Cr.. The value appears to be declining and may need further review. It has decreased from 66.40 Cr. (Mar 2025) to 46.15 Cr., marking a decrease of 20.25 Cr..
- For Expenses, as of Jun 2025, the value is 38.10 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 55.36 Cr. (Mar 2025) to 38.10 Cr., marking a decrease of 17.26 Cr..
- For Operating Profit, as of Jun 2025, the value is 8.05 Cr.. The value appears to be declining and may need further review. It has decreased from 11.04 Cr. (Mar 2025) to 8.05 Cr., marking a decrease of 2.99 Cr..
- For OPM %, as of Jun 2025, the value is 17.44%. The value appears strong and on an upward trend. It has increased from 16.63% (Mar 2025) to 17.44%, marking an increase of 0.81%.
- For Other Income, as of Jun 2025, the value is 0.12 Cr.. The value appears to be declining and may need further review. It has decreased from 2.82 Cr. (Mar 2025) to 0.12 Cr., marking a decrease of 2.70 Cr..
- For Interest, as of Jun 2025, the value is 2.86 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.05 Cr. (Mar 2025) to 2.86 Cr., marking a decrease of 1.19 Cr..
- For Depreciation, as of Jun 2025, the value is 3.37 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.38 Cr. (Mar 2025) to 3.37 Cr., marking a decrease of 1.01 Cr..
- For Profit before tax, as of Jun 2025, the value is 1.94 Cr.. The value appears to be declining and may need further review. It has decreased from 5.43 Cr. (Mar 2025) to 1.94 Cr., marking a decrease of 3.49 Cr..
- For Tax %, as of Jun 2025, the value is 0.00%. The value appears to be improving (decreasing) as expected. It has decreased from 36.28% (Mar 2025) to 0.00%, marking a decrease of 36.28%.
- For Net Profit, as of Jun 2025, the value is 1.95 Cr.. The value appears to be declining and may need further review. It has decreased from 3.46 Cr. (Mar 2025) to 1.95 Cr., marking a decrease of 1.51 Cr..
- For EPS in Rs, as of Jun 2025, the value is 0.32. The value appears to be declining and may need further review. It has decreased from 0.57 (Mar 2025) to 0.32, marking a decrease of 0.25.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:49 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 145 | 138 | 115 | 105 | 119 | 126 | 103 | 80 | 122 | 170 | 184 | 202 | 206 |
| Expenses | 114 | 107 | 88 | 79 | 88 | 97 | 82 | 71 | 96 | 140 | 154 | 167 | 171 |
| Operating Profit | 31 | 31 | 27 | 26 | 32 | 29 | 21 | 9 | 26 | 31 | 30 | 35 | 34 |
| OPM % | 21% | 22% | 24% | 25% | 26% | 23% | 20% | 11% | 21% | 18% | 17% | 17% | 17% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 2 | 9 | 1 | 1 | 1 | 4 | 5 | 5 |
| Interest | 21 | 21 | 20 | 17 | 19 | 16 | 16 | 16 | 13 | 13 | 11 | 13 | 13 |
| Depreciation | 9 | 9 | 7 | 8 | 9 | 9 | 10 | 10 | 10 | 11 | 12 | 14 | 14 |
| Profit before tax | 2 | 2 | 2 | 2 | 5 | 5 | 3 | -16 | 4 | 7 | 11 | 12 | 12 |
| Tax % | 22% | 15% | 7% | 47% | 4% | 9% | 47% | -26% | 42% | 10% | 55% | 17% | |
| Net Profit | 1 | 2 | 2 | 1 | 5 | 5 | 2 | -12 | 2 | 7 | 5 | 10 | 10 |
| EPS in Rs | 0.29 | 0.42 | 0.38 | 0.31 | 1.09 | 1.01 | 0.37 | -2.27 | 0.39 | 1.14 | 0.85 | 1.64 | 1.65 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 44% | 59% | 31% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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: June 16, 2025, 11:40 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 43 | 45 | 48 | 48 | 52 | 55 | 58 | 61 | 61 |
| Reserves | 267 | 269 | 274 | 285 | 277 | 285 | 287 | 281 | 284 | 296 | 304 | 311 |
| Borrowings | 124 | 109 | 103 | 100 | 104 | 93 | 79 | 85 | 83 | 120 | 110 | 108 |
| Other Liabilities | 31 | 38 | 49 | 50 | 49 | 48 | 59 | 54 | 53 | 67 | 73 | 90 |
| Total Liabilities | 463 | 456 | 467 | 477 | 475 | 474 | 473 | 472 | 475 | 540 | 548 | 569 |
| Fixed Assets | 280 | 278 | 278 | 309 | 302 | 298 | 306 | 297 | 298 | 297 | 361 | 349 |
| CWIP | 2 | 0 | 19 | 2 | 5 | 1 | 2 | 8 | 6 | 78 | 10 | 38 |
| Investments | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 |
| Other Assets | 178 | 174 | 166 | 163 | 165 | 171 | 161 | 163 | 162 | 156 | 167 | 173 |
| Total Assets | 463 | 456 | 467 | 477 | 475 | 474 | 473 | 472 | 475 | 540 | 548 | 569 |
Below is a detailed analysis of the balance sheet data for Murudeshwar 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 61.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 61.00 Cr..
- For Reserves, as of Mar 2025, the value is 311.00 Cr.. The value appears strong and on an upward trend. It has increased from 304.00 Cr. (Mar 2024) to 311.00 Cr., marking an increase of 7.00 Cr..
- For Borrowings, as of Mar 2025, the value is 108.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 110.00 Cr. (Mar 2024) to 108.00 Cr., marking a decrease of 2.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 90.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 73.00 Cr. (Mar 2024) to 90.00 Cr., marking an increase of 17.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 569.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 548.00 Cr. (Mar 2024) to 569.00 Cr., marking an increase of 21.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 349.00 Cr.. The value appears to be declining and may need further review. It has decreased from 361.00 Cr. (Mar 2024) to 349.00 Cr., marking a decrease of 12.00 Cr..
- For CWIP, as of Mar 2025, the value is 38.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2024) to 38.00 Cr., marking an increase of 28.00 Cr..
- For Investments, as of Mar 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 9.00 Cr..
- For Other Assets, as of Mar 2025, the value is 173.00 Cr.. The value appears strong and on an upward trend. It has increased from 167.00 Cr. (Mar 2024) to 173.00 Cr., marking an increase of 6.00 Cr..
- For Total Assets, as of Mar 2025, the value is 569.00 Cr.. The value appears strong and on an upward trend. It has increased from 548.00 Cr. (Mar 2024) to 569.00 Cr., marking an increase of 21.00 Cr..
Notably, the Reserves (311.00 Cr.) exceed the Borrowings (108.00 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 - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 93 | 131 | 106 | 107 | 100 | 134 | 146 | 145 | 66 | 35 | 33 | 73 |
| Inventory Days | 847 | 806 | 1,409 | 1,624 | 1,421 | 759 | 779 | 1,240 | 1,201 | 975 | 954 | 744 |
| Days Payable | 113 | 182 | 322 | 335 | 249 | 112 | 184 | 223 | 203 | 228 | 205 | 210 |
| Cash Conversion Cycle | 827 | 756 | 1,193 | 1,395 | 1,272 | 781 | 741 | 1,162 | 1,065 | 782 | 781 | 608 |
| Working Capital Days | 171 | 157 | 139 | 141 | 167 | 187 | 164 | 204 | 152 | 78 | 61 | 74 |
| ROCE % | 5% | 5% | 5% | 5% | 6% | 5% | 5% | -0% | 4% | 5% | 5% | 5% |