MURUDCERA

Murudeshwar Ceramics Limited

Murudeshwar Ceramics Limited (MURUDCERA) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Durables›Consumer Durables›Ceramics

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Key metrics

Price as of 2026-10-16

Stock price
₹27.65
Market cap
167 Cr
Stock P/E
17.3
P/B
0.44
Dividend yield
1.8%
ROE (FY26)
2.8%
ROCE (FY26)
5.4%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
0.37
OCF / EBITDA (FY26)
67.8%
OCF / EBITDA (3Y)
84.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Murudeshwar Ceramics makes and sells ceramic tiles in India under the Naveen brand, and also earns a services line alongside product sales.

Company snapshot

8thBy market cap

Ranked among 10 companies in Ceramics.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 74.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Sale of Services
25.6%
35 Cr2 Cr—
Sale of products
74.4%
102 Cr3 Cr—

What we see

Concerns
  • ✗Interest coverage of 1.3x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales46 Cr51 Cr52 Cr43 Cr43 Cr50 Cr66 Cr46 Cr46 Cr51 Cr63 Cr50 Cr
Operating expenses (approx.)39 Cr44 Cr44 Cr35 Cr35 Cr42 Cr55 Cr38 Cr39 Cr44 Cr53 Cr41 Cr
EBITDA7 Cr7 Cr8 Cr8 Cr7 Cr8 Cr11 Cr8 Cr7 Cr7 Cr10 Cr10 Cr
OPM %15.6%14.5%15.5%18.8%17.2%15.9%16.6%17.5%15.4%13.1%15.5%19.1%
Other income0.08 Cr0.03 Cr4 Cr0.19 Cr2 Cr0.12 Cr3 Cr0.12 Cr2 Cr4 Cr3 Cr0.06 Cr
Interest3 Cr2 Cr3 Cr3 Cr3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr4 Cr3 Cr
Depreciation3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr5 Cr4 Cr
Profit before tax2 Cr2 Cr6 Cr2 Cr3 Cr2 Cr6 Cr2 Cr3 Cr4 Cr5 Cr2 Cr
Tax %36.6%30.4%79.0%0.9%0.6%1.1%48.1%0.0%0.0%0.0%67.9%66.0%
Net profit1 Cr2 Cr1 Cr2 Cr3 Cr2 Cr3 Cr2 Cr3 Cr4 Cr2 Cr0.81 Cr
EPS (₹)₹0.22₹0.29₹0.16₹0.33₹0.48₹0.28₹0.50₹0.32₹0.53₹0.68₹0.28₹0.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales123 Cr172 Cr186 Cr203 Cr205 CrSign in free for the trailing twelve months
Operating expenses (approx.)97 Cr142 Cr156 Cr168 Cr174 CrSign in free for the trailing twelve months
EBITDA26 Cr31 Cr30 Cr35 Cr31 CrSign in free for the trailing twelve months
OPM %21.1%17.9%16.1%17.1%15.3%Sign in free for the trailing twelve months
Other income1 Cr1 Cr4 Cr5 Cr10 CrSign in free for the trailing twelve months
Interest13 Cr13 Cr11 Cr13 Cr12 CrSign in free for the trailing twelve months
Depreciation10 Cr11 Cr12 Cr14 Cr15 CrSign in free for the trailing twelve months
Profit before tax3 Cr9 Cr11 Cr14 Cr16 CrSign in free for the trailing twelve months
Tax %48.7%22.4%51.0%29.4%31.6%Sign in free for the trailing twelve months
Net profit2 Cr7 Cr5 Cr10 Cr11 CrSign in free for the trailing twelve months
EPS (₹)₹0.40₹1.13₹0.86₹1.59₹1.82Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%55.1%30.8%28.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital55 Cr58 Cr61 Cr61 Cr61 Cr
Reserves285 Cr296 Cr305 Cr312 Cr320 Cr
Borrowings81 Cr118 Cr107 Cr104 Cr140 Cr
Other liabilities56 Cr69 Cr76 Cr93 Cr96 Cr
Total liabilities477 Cr541 Cr548 Cr570 Cr616 Cr
Fixed assets (net)298 Cr297 Cr361 Cr349 Cr390 Cr
CWIP6 Cr78 Cr10 Cr38 Cr24 Cr
Investments10 Cr10 Cr10 Cr10 Cr9 Cr
Inventories112 Cr118 Cr116 Cr109 Cr115 Cr
Trade receivables22 Cr16 Cr16 Cr41 Cr51 Cr
Cash & bank6 Cr0.12 Cr0.10 Cr0.68 Cr2 Cr
Other assets23 Cr22 Cr34 Cr23 Cr25 Cr
Total assets477 Cr541 Cr548 Cr570 Cr616 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity24 Cr43 Cr31 Cr29 Cr21 Cr
Cash from investing-14 Cr-82 Cr-5 Cr-24 Cr-41 Cr
Cash from financing-8 Cr35 Cr-13 Cr-16 Cr23 Cr
Net cash flow3 Cr-4 Cr13 Cr-12 Cr4 Cr
Free cash flow (OCF − Capex)15 Cr-40 Cr21 Cr-0.65 Cr-21 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.9%4.7%4.6%5.7%5.4%
ROE %0.5%1.9%1.4%2.6%2.8%
Debtor days6535327391
Inventory days154611049369041159
Days payable274258202255329
Cash conversion cycle1338881767722921
OCF / EBITDA %91.8%138.4%102.9%82.9%67.8%
OCF / EBITDA % (3 years)——112.2%107.1%84.2%
Debt / equity0.240.330.290.280.37
Current ratio1.551.331.381.341.40
Net debt / EBITDA2.903.833.563.004.40