Morganite Crucible (India) Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Morganite Crucible (India) Ltd?

Morganite Crucible (India) Ltd is trading at 1,586.00 as of 12 September 2026, with a FY2026-2027 high of 1,799 and low of 1,155. The stock is currently in the middle of its 52-week range. Market cap stands at 888 Cr..

Q: Is Morganite Crucible (India) Ltd financially healthy?

Key indicators: ROCE of 33.2 % indicates efficient capital utilization. Dividend yield is 0.79 %.

Q: Is Morganite Crucible (India) Ltd profitable and how is the profit trend?

Morganite Crucible (India) Ltd reported a net profit of 28 Cr in Mar 2025 on revenue of 174 Cr. Compared to 43 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹993.14Overvalued by 37.38%vs CMP ₹1,586.00

P/E (22.6) × ROE (21.8%) × BV (₹250.00) × DY (0.79%)

₹547.86Overvalued by 65.46%vs CMP ₹1,586.00

MoS: -189.5% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹874.74	22%	Over (-44.8%)
Graham Number	Earnings	₹480.64	16%	Over (-69.7%)
Earnings Power	Earnings	₹335.58	11%	Over (-78.8%)
DCF	Cash Flow	₹403.33	13%	Over (-74.6%)
Net Asset Value	Assets	₹250.05	7%	Over (-84.2%)
EV/EBITDA	Enterprise	₹712.63	9%	Over (-55.1%)
Earnings Yield	Earnings	₹410.70	7%	Over (-74.1%)
ROCE Capital	Returns	₹648.67	9%	Over (-59.1%)
Revenue Multiple	Revenue	₹310.77	5%	Over (-80.4%)
Consensus (9 models)		₹547.86	100%	Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -11.9%

*Investments are subject to market risks

Analyst Summary

Morganite Crucible (India) Ltd operates in the Refractories segment, NSE: MORGANITE | BSE: 523160, current market price is ₹1,586.00, market cap is 888 Cr.. At a glance, stock P/E is 22.6, ROE is 21.8 %, ROCE is 33.2 %, book value is 250, dividend yield is 0.79 %. The latest intrinsic value estimate is ₹547.86, around 65.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹174 Cr versus the prior period change of 3.6%, while latest net profit is about ₹28 Cr with a prior-period change of 21.7%. The 52-week range shown on this page is 1,799/1,155, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMorganite Crucible (India) Ltd. is a Public Limited Listed company incorporated on 13/01/1986 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Numbe…

This summary is generated from the stock page data available for Morganite Crucible (India) Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Morganite Crucible (India) Ltd scores 66/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health88/100 · Strong

ROCE 33.2% ExcellentROE 21.8% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money25/100 · Weak

FII holding stable No changeDII holding down 1.11% MF sellingPromoter decreased by 1.77% CautionShareholders down 51% Consolidation

Earnings Quality65/100 · Strong

OPM expanding (18% → 24%) Improving

Quarterly Momentum50/100 · Moderate

Revenue (4Q): 3% YoY FlatProfit (4Q): -9% YoY DecliningOPM: 30.8% (up 7.3% YoY) Margin expansion

Industry Rank70/100 · Strong

P/E 22.6 vs industry 27.9 In-lineROCE 33.2% vs industry 17.3% Above peersROE 21.8% vs industry 12.1% Above peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 10:43 am

Market Cap	888 Cr.
Current Price	1,586
Intrinsic Value	₹547.86
High / Low	1,799/1,155
Stock P/E	22.6
Book Value	250
Dividend Yield	0.79 %
ROCE	33.2 %
ROE	21.8 %
Face Value	5.00
PEG Ratio	-1.90

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Morganite Crucible (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Morganite Crucible (India) Ltd	888 Cr.	1,586	1,799/1,155	22.6	250	0.79 %	33.2 %	21.8 %	5.00
IFGL Refractories Ltd	1,539 Cr.	213	340/120	35.9	163	1.01 %	4.92 %	3.22 %	10.0
Vesuvius India Ltd	8,781 Cr.	433	608/424	34.3	86.2	0.35 %	21.3 %	15.0 %	1.00
Associated Ceramics Ltd	32.9 Cr.	161	247/140	18.8	126	0.00 %	9.83 %	8.44 %	10.0
Industry Average	3,736.00 Cr	598.25		27.90	156.30	0.54%	17.31%	12.12%	6.50

All Competitor Stocks of Morganite Crucible (India) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	41.49	33.98	42.69	45.35	40.00	39.90	42.90	44.31	44.66	42.32	42.54	45.93	46.09
Expenses	33.43	30.23	31.19	32.51	31.50	34.28	32.12	31.48	34.18	35.77	33.41	33.16	31.89
Operating Profit	8.06	3.75	11.50	12.84	8.50	5.62	10.78	12.83	10.48	6.55	9.13	12.77	14.20
OPM %	19.43%	11.04%	26.94%	28.31%	21.25%	14.09%	25.13%	28.96%	23.47%	15.48%	21.46%	27.80%	30.81%
Other Income	1.82	1.64	1.15	1.12	2.83	-2.20	1.96	1.75	2.75	1.52	2.11	2.51	-2.14
Interest	0.00	0.00	0.00	0.04	0.06	0.03	0.08	0.08	0.05	0.03	0.04	0.04	0.01
Depreciation	2.02	2.03	2.04	2.21	2.11	2.09	1.95	2.17	2.31	2.62	2.77	2.82	3.19
Profit before tax	7.86	3.36	10.61	11.71	9.16	1.30	10.71	12.33	10.87	5.42	8.43	12.42	8.86
Tax %	24.94%	40.77%	26.48%	29.04%	27.07%	46.92%	26.33%	27.74%	27.78%	46.86%	31.55%	29.39%	37.13%
Net Profit	5.90	1.99	7.80	8.31	6.67	0.70	7.90	8.92	7.85	2.88	5.77	8.78	5.57
EPS in Rs	10.54	3.55	13.93	14.84	11.91	1.25	14.11	15.93	14.02	5.14	10.30	15.68	9.95

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 17, 2026, 12:23 pm

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	81	89	89	111	109	120	129	107	152	155	168	174	177
Expenses	64	70	68	83	86	100	111	96	122	129	129	133	134
Operating Profit	17	18	20	29	23	20	17	10	30	25	39	41	43
OPM %	21%	21%	23%	26%	21%	17%	13%	10%	20%	16%	23%	24%	24%
Other Income	2	0	2	2	3	6	7	1	32	5	3	8	4
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	8	7	5	4	4	5	6	7	8	8	9	11
Profit before tax	13	11	16	26	21	22	18	6	54	22	33	39	35
Tax %	37%	44%	36%	37%	35%	30%	29%	116%	20%	28%	28%	30%
Net Profit	8	6	10	17	14	15	13	-1	43	16	23	28	23
EPS in Rs	15.04	10.75	17.64	29.64	24.79	27.45	23.43	-1.66	77.48	28.79	41.95	49.18	41.07
Dividend Payout %	3%	5%	11%	13%	32%	29%	34%	0%	70%	69%	95%	100%

Profit & Loss Yearly Chart

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 (%)	-25.00%	66.67%	70.00%	-17.65%	7.14%	-13.33%	-107.69%	4400.00%	-62.79%	43.75%	21.74%
Change in YoY Net Profit Growth (%)	0.00%	91.67%	3.33%	-87.65%	24.79%	-20.48%	-94.36%	4507.69%	-4462.79%	106.54%	-22.01%

Morganite Crucible (India) 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:	7%
5 Years:	6%
3 Years:	5%
TTM:	3%

Compounded Profit Growth
10 Years:	16%
5 Years:	16%
3 Years:	-7%
TTM:	-1%

Stock Price CAGR
10 Years:	23%
5 Years:	12%
3 Years:	20%
1 Year:	-6%

Return on Equity
10 Years:	17%
5 Years:	17%
3 Years:	18%
Last Year:	21%

Last Updated: September 5, 2025, 3:51 pm

Balance Sheet

Last Updated: August 24, 2026, 4:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	3	3	3	3	3	3	3	3	3	3
Reserves	58	67	77	88	96	105	100	120	124	126	129	137
Borrowings	0	0	0	0	0	0	0	0	0	1	1	1
Other Liabilities	14	18	38	23	28	32	37	32	34	45	38	28
Total Liabilities	75	88	118	114	127	139	139	155	161	174	170	169
Fixed Assets	18	15	25	27	31	32	30	38	53	62	81	64
CWIP	1	3	2	0	4	19	22	15	1	0	4	3
Investments	5	5	0	0	0	0	0	0	0	0	0	0
Other Assets	51	65	91	87	93	88	87	102	106	112	86	102
Total Assets	75	88	118	114	127	139	139	155	161	174	170	169

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	3	18	25	17	21	11	19	26	32	43	25	36
Cash from Investing Activity +	-2	-15	-8	-10	-29	1	-7	-2	-10	-17	-29	-9
Cash from Financing Activity +	-0	-0	-1	-3	-7	-4	-4	-24	-12	-22	-24	-11
Net Cash Flow	1	2	16	4	-15	7	7	0	9	4	-28	16
Free Cash Flow	2	13	18	13	10	-13	13	25	21	26	-5	26
CFO/OP	54%	115%	121%	117%	140%	94%	225%	128%	157%	143%	90%	98%

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	17.00	18.00	20.00	29.00	23.00	20.00	17.00	10.00	30.00	25.00	38.00	40.00

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

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	61	50	59	60	57	52	66	76	75	64	58	65
Inventory Days	156	142	149	158	179	159	158	143	136	124	116	100
Days Payable	232	116	119	129	176	161	145	178	154	146	185	164
Cash Conversion Cycle	-15	75	89	89	60	49	78	41	57	42	-11	2
Working Capital Days	41	69	67	5	60	44	62	33	71	48	16	39
ROCE %	27%	19%	24%	36%	25%	23%	18%	8%	39%	18%	28%	30%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	76.77%	75.00%
FIIs	0.06%	0.00%	0.00%	0.13%	0.18%	0.18%	0.18%	0.18%	0.18%	0.16%	0.16%	0.16%
DIIs	0.02%	0.02%	0.02%	0.55%	0.62%	0.93%	1.02%	1.13%	1.13%	1.19%	0.24%	0.02%
Public	24.91%	24.97%	24.98%	24.32%	24.20%	23.88%	23.80%	23.70%	23.70%	23.64%	22.83%	24.83%
No. of Shareholders	5,619	6,318	6,270	6,191	6,695	7,049	7,078	7,035	7,455	6,866	6,613	3,225

Shareholding Pattern Chart

No. of Shareholders

Morganite Crucible (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	51.87	35.67	20.57	30.16	34.37
Diluted EPS (Rs.)	51.87	35.67	20.57	30.16	34.37
Cash EPS (Rs.)	75.38	66.81	52.61	51.15	55.75
Book Value[Excl.RevalReserv]/Share (Rs.)	343.51	285.76	253.44	234.62	204.61
Book Value[Incl.RevalReserv]/Share (Rs.)	343.51	285.76	253.44	234.62	204.61
Revenue From Operations / Share (Rs.)	397.75	392.35	393.06	360.68	357.27
PBDIT / Share (Rs.)	109.55	95.26	71.70	72.15	81.96
PBIT / Share (Rs.)	91.91	65.59	39.72	52.18	65.20
PBT / Share (Rs.)	91.91	65.59	39.70	50.95	65.06
Net Profit / Share (Rs.)	57.74	37.14	20.62	31.18	38.99
NP After MI And SOA / Share (Rs.)	51.87	35.67	20.57	30.16	34.37
PBDIT Margin (%)	27.54	24.28	18.24	20.00	22.94
PBIT Margin (%)	23.10	16.71	10.10	14.46	18.25
PBT Margin (%)	23.10	16.71	10.09	14.12	18.20
Net Profit Margin (%)	14.51	9.46	5.24	8.64	10.91
NP After MI And SOA Margin (%)	13.04	9.09	5.23	8.36	9.62
Return on Networth / Equity (%)	16.56	13.64	8.92	14.24	18.81
Return on Capital Employeed (%)	26.60	22.62	15.54	21.43	30.91
Return On Assets (%)	12.30	9.59	6.28	8.50	10.51
Asset Turnover Ratio (%)	1.00	0.98	1.02	0.92	1.00
Current Ratio (X)	4.01	3.14	2.71	1.92	1.67
Quick Ratio (X)	3.27	2.41	1.87	1.33	1.11
Inventory Turnover Ratio (X)	2.26	2.14	2.25	2.07	2.12
Dividend Payout Ratio (NP) (%)	0.00	11.21	4.86	3.31	2.90
Dividend Payout Ratio (CP) (%)	0.00	6.12	1.90	1.99	1.95
Earning Retention Ratio (%)	0.00	88.79	95.14	96.69	97.10
Cash Earning Retention Ratio (%)	0.00	93.88	98.10	98.01	98.05
Interest Coverage Ratio (X)	0.00	0.00	2707.05	58.75	569.16
Interest Coverage Ratio (Post Tax) (X)	0.00	0.00	779.53	26.39	271.76
Enterprise Value (Cr.)	210.89	92.31	144.85	65.34	77.58
EV / Net Operating Revenue (X)	1.89	0.84	1.32	0.64	0.77
EV / EBITDA (X)	6.87	3.46	7.21	3.23	3.38
MarketCap / Net Operating Revenue (X)	2.23	1.04	1.39	0.75	0.85
Retention Ratios (%)	0.00	88.78	95.13	96.68	97.09
Price / BV (X)	2.83	1.56	2.38	1.29	1.68
Price / Net Operating Revenue (X)	2.23	1.04	1.39	0.75	0.85
EarningsYield	0.05	0.08	0.03	0.11	0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Morganite Crucible (India) Ltd and is it undervalued?

As of 12 September 2026, Morganite Crucible (India) Ltd's intrinsic value is ₹547.86, which is 65.46% lower than the current market price of ₹1,586.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.8 %), book value (₹250), dividend yield (0.79 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Morganite Crucible (India) Ltd?

Morganite Crucible (India) Ltd is trading at ₹1,586.00 as of 12 September 2026, with a FY2026-2027 high of ₹1,799 and low of ₹1,155. The stock is currently in the middle of its 52-week range. Market cap stands at ₹888 Cr..

How does Morganite Crucible (India) Ltd's P/E ratio compare to its industry?

Morganite Crucible (India) Ltd has a P/E ratio of 22.6, which is below the industry average of 27.90. This is broadly in line with or below the industry average.

Is Morganite Crucible (India) Ltd financially healthy?

Key indicators for Morganite Crucible (India) Ltd: ROCE of 33.2 % indicates efficient capital utilization; ROE of 21.8 % shows strong shareholder returns. Dividend yield is 0.79 %.

Is Morganite Crucible (India) Ltd profitable and how is the profit trend?

Morganite Crucible (India) Ltd reported a net profit of ₹28 Cr in Mar 2025 on revenue of ₹174 Cr. Compared to ₹43 Cr in Mar 2022, the net profit shows a declining trend.

Does Morganite Crucible (India) Ltd pay dividends?

Morganite Crucible (India) Ltd has a dividend yield of 0.79 % at the current price of ₹1,586.00. The company pays dividends, though the yield is modest.