About
Murudeshwar Ceramics Ltd. manufactures and trades in ceramic and vitrified floor and wall tiles in India, the Americas, Europe, and internationally. The company offers wall tiles, such as bathroom, kitchen, and outdoor tiles; digital wall tiles; and floor tiles, including glazed and polished glazed vitrified, double charge, soluble salt, full body, and exterior tiles under the Naveen Ceramic Tiles and Naveen Diamontile brands. Murudeshwar Ceramics Ltd. was incorporated in 1983 and is based in Bengaluru, India.
Key Metrics
as of Sep 2026Market Cap179 Cr
P/E18.50
Div Yield1.69 %
Book Value₹62.80
52w High₹51.00
52w Low₹23.70
Face Value₹10.00
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 | 50.09 | 62.64 | 51.11 | 45.57 | 46.15 | 66.40 | 50.15 | 42.85 | 43.47 | 51.66 | 51.04 | 45.71 | 37.90 |
| Expenses | 40.51 | 52.93 | 44.40 | 38.57 | 38.10 | 55.36 | 42.17 | 35.45 | 35.28 | 43.65 | 43.62 | 38.56 | 30.39 |
| Operating Profit | 9.58 | 9.71 | 6.71 | 7.00 | 8.05 | 11.04 | 7.98 | 7.40 | 8.19 | 8.01 | 7.42 | 7.15 | 7.51 |
| OPM % | 19.13 | 15.50 | 13.13 | 15.36 | 17.44 | 16.63 | 15.91 | 17.27 | 18.84 | 15.51 | 14.54 | 15.64 | 19.82 |
| Other Income | 0.06 | 3.09 | 4.04 | 2.32 | 0.12 | 2.82 | 0.12 | 1.77 | 0.19 | 4.27 | 0.03 | 0.08 | 0.07 |
| Depreciation | 3.86 | 4.86 | 3.36 | 3.37 | 3.37 | 4.38 | 3.38 | 3.37 | 3.37 | 3.72 | 2.75 | 2.77 | 2.76 |
| Interest | 3.39 | 4.05 | 2.70 | 2.78 | 2.86 | 4.05 | 2.85 | 3.08 | 3.08 | 3.21 | 2.34 | 2.53 | 2.96 |
| Profit before tax | 2.39 | 3.89 | 4.69 | 3.17 | 1.94 | 5.43 | 1.87 | 2.72 | 1.93 | 5.35 | 2.36 | 1.93 | 1.86 |
| Tax % | 65.69 | 62.47 | 0.00 | 0.00 | 0.00 | 36.28 | 1.07 | 0.74 | 1.04 | 77.94 | 30.93 | 37.82 | 39.25 |
| Net Profit | 0.81 | 1.58 | 4.09 | 3.19 | 1.93 | 3.25 | 1.67 | 2.91 | 2.01 | 1.17 | 1.67 | 1.26 | 1.13 |
| EPS in Rs | 0.13 | 0.26 | 0.68 | 0.53 | 0.32 | 0.54 | 0.28 | 0.48 | 0.33 | 0.19 | 0.29 | 0.22 | 0.20 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Sales | 205.00 | 202.00 | 184.00 | 170.00 | 122.00 | 80.00 |
| Expenses | 173.00 | 167.00 | 154.00 | 140.00 | 96.00 | 72.00 |
| Operating Profit | 31.00 | 35.00 | 30.00 | 31.00 | 26.00 | 9.00 |
| OPM % | 15.00 | 17.00 | 17.00 | 18.00 | 21.00 | 11.00 |
| Other Income | 10.00 | 5.00 | 4.00 | 1.00 | 1.00 | 1.00 |
| Interest | 12.00 | 13.00 | 11.00 | 13.00 | 13.00 | 16.00 |
| Depreciation | 15.00 | 14.00 | 12.00 | 11.00 | 10.00 | 10.00 |
| Profit before tax | 14.00 | 12.00 | 11.00 | 7.00 | 4.00 | -16.00 |
| Tax % | 18.00 | 17.00 | 55.00 | 10.00 | 42.00 | -26.00 |
| Net Profit | 11.00 | 10.00 | 5.00 | 7.00 | 2.00 | -12.00 |
| EPS in Rs | 1.86 | 1.64 | 0.85 | 1.14 | 0.39 | -2.27 |
| Dividend Payout % | 0.00 | 31.00 | 59.00 | 44.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 61.00 | 61.00 | 61.00 | 58.00 | 55.00 | 52.00 |
| Reserves | 320.00 | 312.00 | 305.00 | 296.00 | 285.00 | 278.00 |
| Borrowings | 142.00 | 108.00 | 110.00 | 120.00 | 83.00 | 85.00 |
| Other Liabilities | 93.00 | 90.00 | 73.00 | 67.00 | 53.00 | 56.00 |
| Total Liabilities | 616.00 | 570.00 | 548.00 | 541.00 | 476.00 | 472.00 |
| Fixed Assets | 390.00 | 349.00 | 361.00 | 297.00 | 298.00 | 297.00 |
| CWIP | 24.00 | 38.00 | 10.00 | 78.00 | 6.00 | 8.00 |
| Investments | 9.00 | 10.00 | 10.00 | 10.00 | 10.00 | 108.00 |
| Other Assets | 192.00 | 173.00 | 167.00 | 156.00 | 162.00 | 59.00 |
| Total Assets | 616.00 | 570.00 | 548.00 | 541.00 | 476.00 | 472.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13.00 | 29.00 | 31.00 | 43.00 | 23.00 | 0.00 |
| Cash from Investing Activity | -32.00 | -24.00 | -5.00 | -82.00 | -13.00 | -6.00 |
| Cash from Financing Activity | 23.00 | -16.00 | -13.00 | 35.00 | -8.00 | 6.00 |
| Net Cash Flow | 4.00 | -12.00 | 13.00 | -4.00 | 3.00 | 0.00 |
| Free Cash Flow | -30.00 | -1.00 | 22.00 | -40.00 | 15.00 | -7.00 |
| CFO/OP % | 36.00 | 79.00 | 107.00 | 142.00 | 93.00 | 5.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 92.00 | 73.00 | 33.00 | 35.00 | 66.00 | 144.00 |
| Inventory Days | 881.00 | 744.00 | 954.00 | 975.00 | 1,201.00 | 0.00 |
| Days Payable | 250.00 | 210.00 | 205.00 | 228.00 | 203.00 | — |
| Cash Conversion Cycle | 723.00 | 608.00 | 781.00 | 782.00 | 1,065.00 | 144.00 |
| Working Capital Days | 85.00 | 74.00 | 61.00 | 78.00 | 152.00 | 203.00 |
| ROCE % | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | — |
Corporate Actions
24 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 14 Aug 2025 | 14 Aug 2025 | — | 0.50 | |
| Dividend | 13 Sep 2024 | — | — | 0.50 | |
| Dividend | 14 Sep 2023 | — | — | 0.50 | |
| Other | 13 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 13 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2011 | — | — | — | Annual General Meeting |
| Rights | 19 Oct 2010 | 20 Oct 2010 | 1:1 | — | |
| Other | 19 Oct 2010 | 20 Oct 2010 | — | — | Right Issue of Equity Shares |
| Other | 10 Jun 2010 | — | — | — | Annual General Meeting |
| Dividend | 14 Sep 2009 | — | — | 0.60 | |
| Dividend | 17 Sep 2008 | — | — | 1.20 | |
| Dividend | 18 Sep 2007 | — | — | 2.00 | |
| Dividend | 18 Sep 2006 | — | — | 2.00 | |
| Dividend | 16 Sep 2005 | — | — | 1.50 | |
| Dividend | 04 Sep 2001 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Jul from crisil
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Rating update26 May from crisil
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Rating update21 Apr from crisil
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Rating update25 Feb 2025 from crisil
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Rating update30 Nov 2023 from crisil
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Rating update28 Oct 2022 from crisil