Associated Ceramics
- Market cap
- ₹ 47 Cr.
- P/E
- 18.9x
- P/B
- 1.24x
- 52-week range
- 140 – 244
- ROE
- 8%
- ROCE
- 9.8%
- Dividend yield
- 0%
- Debt / equity
- 0.13
- Sector
- Other Construction Materials
- Industry
- Other Construction Materials
- Listed on
- BSE
About
Associated Ceramics Limited is an independent manufacturer, supplying refractories to the heat containment industries. The Company is primarily engaged in the business of manufacturing and sale of refractory items. Its segments include Refractory Items and Solar Energy. Its products include fire clay refractories, special purpose refractories, high alumina refractories, insulation refractories, basic refractories and mortal materials and monolithic refractories. It serves various industries, including home, aluminum, cement, coke oven, glass, graphite electrode and iron and steel. Its customer base, which includes glass, steel, cement, aluminum, as well as graphite electrode manufacturers.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Construction Materials: 28 companies →Associated Ceramics against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)18.9 against a typical 34.5: cheaper than most peers (1st = cheapest).10th of 28
- Sales growth−29.3% against a typical +11.6% from a year earlier.17th of 21
- Profit growth−43.8% against a typical +27.1% from a year earlier.14th of 18
- Share price, 3 months−4.1% against a typical −0.8%.14th of 23
- Size₹ 47 Cr. market value against a typical ₹ 67.4 Cr. (1st = largest).15th of 25
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 13 | 10 | 9 | 12 | 9 | 11 | 13 | 15 | 7 | 9 | 9 |
| Expenses | 7 | 11 | 10 | 7 | 11 | 8 | 11 | 11 | 12 | 7 | 9 | 8 |
| Operating Profit | 3 | 2 | 0 | 2 | 1 | 2 | 0 | 2 | 3 | 1 | 0 | 1 |
| OPM % | 27.6% | 15% | 3.7% | 27.4% | 8.1% | 19.6% | 3.6% | 13.1% | 18.8% | 10.6% | 0.5% | 13.8% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | −0 | 2 | 0 | 1 | 1 | 1 | 2 | −0 | −0 | 1 |
| Tax % | 25.8% | 25.5% | 444.4% | 26% | 23.1% | 23.3% | 66.7% | 25.8% | 25.2% | −20% | −40.6% | 25.5% |
| Net Profit | 1 | 1 | −0 | 1 | 0 | 1 | 0 | 1 | 2 | −0 | −0 | 0 |
| EPS in Rs | 4.79 | 3.52 | −2.4 | 5.72 | 0.44 | 3.23 | 1.22 | 3.57 | 7.73 | −0.2 | −0.93 | 2.01 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 7%
- 3 Years
- −7%
- TTM
- −11%
- 10 Years
- 16%
- 5 Years
- −14%
- 3 Years
- −23%
- TTM
- 1%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 3%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Associated Ceramics | ₹ 162.00 | ₹ 47 Cr. | 18.9x | 1.2x | 8% | — |
| UltraTech Cement | ₹ 11,066.00 | ₹ 3,26,092 Cr. | 39.1x | 4.2x | — | 9.3% |
| Grasim Industries | ₹ 2,898.00 | ₹ 1,95,975 Cr. | 32.6x | 2x | — | 6.2% |
| Ambuja Cements | ₹ 358.00 | ₹ 88,956 Cr. | 18.7x | 1.6x | — | 13.2% |
| Shree Cement | ₹ 22,760.00 | ₹ 82,120 Cr. | 46.5x | 3.5x | — | 7.5% |
| Dalmia Bharat | ₹ 1,591.65 | ₹ 29,801 Cr. | 27.2x | 1.8x | — | 6.3% |
Management
- Sharad Agarwal
- Chief Financial Officer, Director
- Arun Agarwal
- Managing Director, Director
- Umang Agarwal
- Additional Executive Director
- Suchika Marda
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.