Associated Ceramics Ltd.

About

Associated Ceramics Limited manufactures and sells refractory products in India. It is also involved in the potter activities; sell and purchase of minerals and mineral products; and deals in cements, lime, and stone. The company was incorporated in 1970 and is based in Kolkata, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	9.06	9.25	7.27	15.08	12.81	11.27	9.35	12.37	8.95	10.13	13.31	9.13	7.99
Expenses	7.81	9.20	6.50	12.25	11.13	10.86	7.52	11.37	6.50	9.76	11.32	6.61	7.97
Operating Profit	1.25	0.05	0.77	2.83	1.68	0.41	1.83	1.00	2.45	0.37	1.99	2.52	0.02
OPM %	13.80	0.54	10.59	18.77	13.11	3.64	19.57	8.08	27.37	3.65	14.95	27.60	0.25
Other Income	0.04	0.19	0.04	0.18	0.17	1.32	0.02	0.03	0.01	0.45	0.08	0.08	0.13
Depreciation	0.70	0.54	0.82	0.86	0.82	0.86	0.88	0.84	0.83	0.77	0.97	1.23	0.59
Interest	0.04	0.02	0.04	0.05	0.06	0.12	0.11	0.06	0.05	0.14	0.12	0.05	0.04
Profit before tax	0.55	-0.32	-0.05	2.10	0.97	0.75	0.86	0.13	1.58	-0.09	0.98	1.32	-0.48
Tax %	25.45	-40.62	-20.00	25.24	25.77	66.67	23.26	23.08	25.95	444.44	25.51	25.76	-25.00
Net Profit	0.41	-0.19	-0.04	1.58	0.73	0.25	0.66	0.09	1.17	-0.49	0.72	0.98	-0.35
EPS in Rs	2.01	-0.93	-0.20	7.73	3.57	1.22	3.23	0.44	5.72	-2.40	3.52	4.79	-1.71

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	44.40	41.83	40.54	55.80	38.37	31.25	33.79	27.38	16.74	19.52	25.07	16.64
Expenses	39.05	36.10	35.59	48.16	32.28	26.67	29.56	24.17	16.91	20.71	22.93	15.90
Operating Profit	5.35	5.73	4.95	7.64	6.09	4.58	4.23	3.21	-0.17	-1.19	2.14	0.74
OPM %	12.05	13.70	12.21	13.69	15.87	14.66	12.52	11.72	-1.02	-6.10	8.54	4.45
Other Income	0.58	1.37	0.74	0.61	0.37	0.97	0.75	0.30	0.70	0.37	0.08	0.24
Interest	0.18	0.38	0.41	0.51	0.12	0.22	0.41	0.47	0.89	1.09	0.45	0.09
Depreciation	3.03	3.41	3.56	1.57	0.99	1.13	1.27	1.33	1.56	1.79	1.09	0.61
Profit before tax	2.72	3.31	1.72	6.17	5.35	4.20	3.30	1.71	-1.92	-3.70	0.68	0.28
Tax %	23.53	34.74	50.58	25.77	21.68	-7.86	1.52	-10.53	4.17	-14.05	239.71	17.86
Net Profit	2.08	2.16	0.86	4.58	4.18	4.54	3.26	1.88	-2.00	-3.16	-0.94	0.23
EPS in Rs	10.17	10.56	4.21	22.40	20.44	15.11	10.85	6.26	-6.66	-10.52	-3.13	0.77
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	2.28	2.28	2.28	2.28	2.28	2.28	2.28	2.28	2.28	2.28	2.28	2.28
Reserves	23.45	21.30	19.18	18.33	21.49	17.32	12.79	9.53	7.65	9.66	13.38	14.36
Borrowings	3.18	6.50	16.76	16.07	5.14	7.55	5.77	3.50	12.02	13.79	14.09	4.99
Other Liabilities	10.31	15.57	9.32	10.63	4.67	4.47	7.46	8.86	5.30	7.36	7.74	8.00
Total Liabilities	39.22	45.65	47.54	47.31	33.58	31.62	28.30	24.17	27.25	33.09	37.49	29.63
Fixed Assets	20.14	22.67	25.07	25.29	10.95	10.77	9.74	10.14	11.12	12.66	13.74	5.49
CWIP	0.00	0.00	0.00	0.00	4.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	2.17	2.27	1.80	1.55	1.69	1.37	0.66	0.99	0.56	0.59	0.25	0.25
Other Assets	16.91	20.71	20.67	20.47	16.84	19.48	17.90	13.04	15.57	19.84	23.50	23.89
Total Assets	39.22	45.65	47.54	47.31	33.58	31.62	28.30	24.17	27.25	33.09	37.49	29.63

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2015
Cash from Operating Activity	2.20	5.56	16.39	8.62	8.38	0.18	-0.39	9.01	3.53	-0.74
Cash from Investing Activity	-0.39	1.80	-7.29	-11.78	-5.33	-2.15	-0.85	-0.29	-0.01	-0.68
Cash from Financing Activity	-3.50	-5.87	-9.38	2.84	-2.50	1.55	1.87	-8.96	-3.16	2.00
Net Cash Flow	-1.69	1.49	-0.28	-0.31	0.54	-0.42	0.63	-0.25	0.36	0.59
Free Cash Flow	1.67	4.55	13.05	-3.19	3.10	-1.98	-1.25	8.66	3.50	-1.34
CFO/OP %	54.00	112.00	355.00	129.00	152.00	4.00	-9.00	304.00	-2,076.00	-72.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	26.72	43.28	54.47	38.99	29.30	91.92	51.63	37.33	124.07	121.92	59.40	73.26
Inventory Days	117.08	189.34	145.43	145.79	246.15	163.69	166.51	207.83	331.45	253.16	316.46	605.87
Days Payable	50.35	88.82	72.51	68.85	60.57	54.62	51.59	113.31	123.58	113.88	95.58	126.86
Cash Conversion Cycle	93.44	143.80	127.39	115.93	214.88	200.99	166.55	131.84	331.94	261.20	280.28	552.28
Working Capital Days	19.98	-30.54	-80.76	20.41	77.81	108.04	69.02	40.26	70.86	77.79	120.40	236.90
ROCE %	9.83	10.78	5.69	20.31	19.62	17.96	20.36	12.88	-4.03	-9.37	4.36	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	55.35	55.35	55.35	55.35	55.35	55.35	55.35	55.35	55.33	55.33	55.33	55.33
Public	44.66	44.66	44.66	44.66	44.67	44.67	44.67	44.66	44.68	44.68	44.67	44.67
No. of Shareholders	1,492	1,492	1,500	1,504	1,519	1,530	1,537	1,498	1,522	1,287	876	509

Corporate Actions

No corporate actions recorded.

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Newspaper Publication
05 Sep 2026 5 Sep - Newspaper Publication for AGM to be held on 30.09.2026
Board Meeting Outcome for Outcome Of Board Meeting Held On 04.09.2026
04 Sep 2026 4 Sep - Board approved AGM on 30 Sep 2026, book closure, scrutiny, and Umang Agarwal’s executive director appointment.
Fixes Book Closure For AGM To Be Held On 30.09.2026 4 Sep
04 Sep 2026
Intimation Of Providing E-Voting Facilities To Members In Compliance With Regulation 44 Of SEBI (LODR) Regulations, 2015.
04 Sep 2026 4 Sep - Associated Ceramics provides NSDL e-voting for AGM on 30 Sep 2026; remote voting runs 27-29 Sep.
Reg. 34 (1) Annual Report.
04 Sep 2026 4 Sep - Submitted FY2025-26 annual report; AGM on 30 Sep 2026 to approve accounts, appoint Umang Agarwal, and raise remuneration cap to Rs. 2.5 crore.