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Manoj Ceramic Ltd

₹ 98.0-3.81%
05 Jan – close price
🔗mcplworld.com•BSE: BSE - SME: 544073•NSE:
Market Cap₹ 134 Cr.
Current Price₹ 98.0
High / Low₹ 228
Stock P/E11.0
Book Value₹ 103
Dividend Yield0.00 %
ROCE17.7 %
ROE16.2 %
Face Value₹ 10.0
Sales₹ 180 Cr.
OPM13.6 %
Mar Cap₹ 134 Cr.

ABOUT

Incorporated in 1991, Manoj Ceramic Limited trades in ceramic tiles and tile adhesives under the brand name "MCPL".[1]

KEY POINTS

Business Division[1]Ceramic tiles:Co. provides tiles through its dealer network, retail showrooms, export, and B2B sales to architects, builders, and contractors. The company gets tiles manufactured by a third-party manufacturer.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Kajaria Ceramics982.5539.0215649.300.92133.9858.451186.010.5717.134666.2214.81401.11133.535.348.400.10
2.Nitco99.20–2272.830.000.94102.18107.7063.16-42.87436.095.67-141.351.007.52-33.971.01
3.Asian Granito76.9455.971784.330.0016.71151.00406.926.062.171647.786.0431.8816.291.241.030.20
4.Somany Ceramics405.6529.151663.680.7412.31-12.65685.162.8311.512703.458.0557.0814.992.122.990.42
5.Orient Bell291.5065.57428.810.173.19228.87165.092.962.38669.284.546.543.191.340.520.12
6.Exxaro Tiles7.9752.75356.590.001.20220.0068.96-1.343.85308.319.436.761.201.280.050.32
7.Murudesh.Ceramic35.0620.35212.271.433.1717.4145.576.355.24208.2716.3510.433.170.571.780.35
8.Manoj Ceramic98.0010.99134.330.005.5334.8881.4923.2817.73179.7313.6212.225.530.957.310.45
–Median: 9 Co.98.045.89428.810.03.1958.45107.76.063.85436.098.0510.433.191.311.780.33

Quarterly Results

Standalone figures in ₹ crores

Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025
Sales
5398436681
Expenses
4585365771
Operating Profit
7147911
Other Income
00100
Profit before tax
410457
Tax %
31%31%25%25%25%
Net Profit
37346
EPS in Rs
3.655.865.074.924.46

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
36437496164180
Expenses
31396581142155
Operating Profit
449142324
Other Income
221100
Interest
545777
Depreciation
000000
Profit before tax
01581517
Net Profit
01461112
EPS in Rs
5.3363.33245.337.309.4610.32
Dividend Payout %
0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:%
3 Years:119%
TTM:71%

Compounded Sales Growth

10 Years:%
5 Years:%
3 Years:56%
TTM:51%

Return on Equity

10 Years:%
5 Years:%
3 Years:22%
Last Year:16%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-50%

Balance Sheet

Standalone figures in ₹ crores

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
22281115
Reserves
5592193113
Borrowings
423753606058
Other Liabilities
131416162626
Total Liabilities
615979105190212
Fixed Assets
111155
Gross Block
3.673.183.283.708.35–
Accumulated Depreciation
2.212.472.702.923.29–
CWIP
000000
Investments
100000
Other Assets
585878104185207
Total Assets
615979105190212

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
17-10-12-40
Cash from Investing Activity
-1111-8
Cash from Financing Activity
1-981258
Net Cash Flow
1-1-1010

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
10774169193163
Inventory Days
414347140128136
Days Payable
187142845953
Cash Conversion Cycle
333279225262246
Working Capital Days
192108139185240
ROCE %
–12%18%20%18%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Nov 2025
Promoters
71.67%71.67%71.67%52.36%48.14%48.14%53.06%
FIIs
0.00%0.00%0.01%3.70%0.00%3.12%2.82%
DIIs
0.00%0.00%0.00%0.01%0.00%0.00%0.00%
Public
28.33%28.33%28.32%43.92%51.86%48.74%44.11%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Manoj Ceramic Ltd. Exempt from Annual Secretarial Compliance Report for FY26

14th April 2026, 6:48 pm

Manoj Ceramic Ltd. Clarifies Share Price Movement to BSE, Cites Market Sentiment

10th April 2026, 7:13 pm

Manoj Ceramic Files SEBI Regulation 74(5) Confirmation for March 2026 Quarter

7th April 2026, 12:55 am

Manoj Ceramic Ltd. Shareholders Approve Business Expansion to Architectural and Interior Services

11th March 2026, 12:01 am

MCPL Management Meets Investors, No Price Sensitive Information Disclosed

7th March 2026, 12:52 am

Published by Other Websites

External media mentions & references

Indian Stocks Surge: Sensex & Nifty Hit New Highs Amidst Broad Market Rally!

19th December 2025, 4:03 pm

Manoj Ceramic Expands into Design, Engineering After Shareholder Nod
Manoj Ceramic Clarifies Share Price Movement to BSE, Cites Market Forces

News Articles

Editorial & research coverage

Indian Stocks Surge: Sensex & Nifty Hit New Highs Amidst Broad Market Rally!
Indian Stocks Surge: Sensex & Nifty Hit New Highs Amidst Broad Market Rally!

19th December 2025, 4:03 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

13h - Purva Sharegistry certificate confirming dematerialisation processing for quarter ended 31 Dec 2025; no dematerialisations.

Postponement Of Investor / Analyst Meet Of Manoj Ceramic Limited ('The Company') To Be Held On 23Rd December, 2025

23 Dec - Investor/Analyst meeting scheduled 23 Dec 2025 postponed; rescheduling to be notified.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

19 Dec - Investor/Analyst group meet held 18 Dec 2025 (11:00–17:30 IST); no UPSI disclosed.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

17 Dec - Virtual one-to-one analyst/investor meeting on 23 Dec 2025 at 03:30 PM IST; no UPSI to be shared.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

15 Dec - Regarding Analyst/ Investor Meeting under the SEBI (LODR), Regulations 2015.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

Rating update

24 Nov 2025 from infomerics

Rating update

30 Jan 2025 from infomerics

Concalls

Nov 2025

TranscriptPPT

May 2025

TranscriptPPTRecording

Stock Analysis

Description

  1. Manoj Ceramic Limited, established in 1991, is engaged in the trading of ceramic tiles and tile adhesives under the brand 'MCPL'. The company operates through a dealer network, retail showrooms, exports, and direct B2B sales.

Key Growth Triggers

  1. Expansion into the Middle East, GCC, and African markets through the Dubai Display Centre launched in October 2025.
  2. Commissioning of an in-house Cutting and Polishing facility in October 2025, enhancing operational control, quality, and margins.
  3. Focus on digital integration and expansion of the adhesive business.
  4. Strategic shift towards manufacturing-led value creation and pursuing export-led growth.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Persistent negative operating cash flows.
  2. High debtor days (163 days as of March 2025), impacting working capital efficiency.
  3. Previous concerns from statutory auditors regarding inventory verification procedures.

Key Dates To Watch

  1. Board Meeting on November 14, 2025, approved H1 FY26 results and preferential allotment.
  2. 19th Annual General Meeting (AGM) was held on September 29, 2025.
  3. Trading window closure was effective from October 1, 2025.

Corporate Announcements

14th Apr 26
Impact Rating: 5
Manoj Ceramic Ltd. is exempt from filing the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as it's listed on the SME Exchange and meets paid-up capital and net worth thresholds.
10th Apr 26
Impact Rating: 7
Manoj Ceramic Ltd. has officially responded to BSE's query regarding significant share price changes, asserting that these movements are due to market sentiment and demand/supply dynamics, and not due to any internal company factors.
6th Apr 26
Impact Rating: 3
Manoj Ceramic Limited has filed the required SEBI Regulation 74(5) confirmation for the quarter ended March 31, 2026. The registrar's certificate indicates no shares were dematerialised during this period.
10th Mar 26
Impact Rating: 8
Manoj Ceramic Ltd. shareholders approved a special resolution via postal ballot to significantly broaden the company's business objects into architectural, interior design, and engineering services. This strategic initiative allows for diversified activities such as design, project management, and turnkey solutions.
6th Mar 26
Impact Rating: 2
Manoj Ceramic Ltd held an investor meeting on March 6, 2026, to discuss business operations and market strategy. Importantly, the company stated that no unpublished price sensitive information (UPSI) was shared during the event.