Murudeshwar Ceramics
- Market cap
- ₹ 149 Cr.
- P/E
- 15.3x
- P/B
- 0.42x
- 52-week range
- 24.22 – 46
- ROE
- 3%
- ROCE
- 5%
- Dividend yield
- 0%
- Debt / equity
- 0.42
- Sector
- Consumer Durables
- Industry
- Ceramics
- Listed on
- NSE, BSE
About
Murudeshwar Ceramics Limited is an India-based company that is primarily engaged in the manufacturing and trading of ceramic and vitrified floor and wall tiles. The Company’s business segments include Sale of Products and Sale of Services. The Company’s products are branded as Naveen Ceramic Tiles and Naveen Diamontile. The Company’s product category includes floor tiles and wall tiles. Its wall tiles include bathroom tiles, kitchen tiles, and outdoor tiles. Its floor tiles include glazed vitrified tiles, soluble charge, soluble salt, full body, exterior tiles, polished glazed vitrified tiles, ceramic tiles, and wooden strips. Its Naveen Diamontile tiles of various sizes, colors, and designs are displayed in over 73 Company-owned showrooms all over India. The Company stores the products in approximately 42 depots in different regions. The Company has over two manufacturing plants located in Sira (Karnataka) and Karaikal (Pondicherry).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Ceramics: 10 companies →Murudeshwar 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)15.3 against a typical 43.6: cheaper than most peers (1st = cheapest).2nd of 10
- Sales growth+8.5% against a typical +34% from a year earlier.9th of 10
- Profit growth−57.9% against a typical +42.5% from a year earlier.6th of 7
- Share price, 3 months−11.7% against a typical −3.3%.8th of 10
- Size₹ 149.4 Cr. market value against a typical ₹ 395.9 Cr. (1st = largest).7th of 10
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BB | Stable | 6 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Jul 2026 | Reaffirmed | Crisil BB | — | CRISIL | ₹ 130.71 Cr. | |
| 26 May 2026 | Reaffirmed | Crisil BB | — | CRISIL | ₹ 117.85 Cr. | |
| 21 Apr 2026 | Rating action | Crisil BB | — | CRISIL | ₹ 117.85 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Murudeshwar CeramicsAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results | MURUDCERA : 29-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 20, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 29, 2026, To consider and approve the financial results for the period ended March 31, 2026 |
| 20 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results | Notice of the Board Meeting scheduled to be held on Friday, 13th day of February, 2026 to consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | Notice of the Board Meeting scheduled to be held on Wednesday, November 12, 2025. |
| 13 Aug 2025 | Financial Results | Notice of the Board Meeting scheduled to be held on Wednesday, August 13, 2025. |
Financials
Consolidated 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 | 46 | 51 | 52 | 43 | 43 | 50 | 66 | 46 | 46 | 51 | 63 | 50 |
| Expenses | 39 | 44 | 44 | 35 | 35 | 42 | 55 | 38 | 39 | 44 | 53 | 41 |
| Operating Profit | 7 | 7 | 8 | 8 | 7 | 8 | 11 | 8 | 7 | 7 | 10 | 10 |
| OPM % | 15.6% | 14.5% | 15.5% | 18.8% | 17.3% | 15.9% | 16.6% | 17.4% | 15.4% | 13.2% | 15.5% | 19.1% |
| Other Income | 0 | 0 | 4 | 0 | 2 | 0 | 3 | 0 | 2 | 4 | 3 | 0 |
| Interest | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 |
| Depreciation | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 5 | 4 |
| Profit before tax | 2 | 2 | 5 | 2 | 3 | 2 | 5 | 2 | 3 | 5 | 4 | 2 |
| Tax % | 37.8% | 30.9% | 77.9% | 1% | 0.7% | 1.1% | 36.3% | 0% | 0% | 0% | 62.5% | 65.7% |
| Net Profit | 1 | 2 | 1 | 2 | 3 | 2 | 3 | 2 | 3 | 5 | 1 | 1 |
| EPS in Rs | 0.21 | 0.28 | 0.19 | 0.32 | 0.45 | 0.31 | 0.57 | 0.32 | 0.52 | 0.77 | 0.24 | 0.14 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 21%
- 3 Years
- 6%
- TTM
- 2%
- 10 Years
- 22%
- 5 Years
- 24%
- 3 Years
- 19%
- TTM
- 2%
- 10 Years
- 2%
- 5 Years
- 5%
- 3 Years
- −9%
- TTM
- —
- 10 Years
- 1%
- 5 Years
- 2%
- 3 Years
- 2%
- 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.
| Murudeshwar Ceramics | ₹ 26.50 | ₹ 149 Cr. | 15.3x | 0.4x | 3% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Satish Rama Shetty
- Executive Chairman of the Board, Managing Director, Chief Executive Officer
- N. M. Hegde
- Chief Financial Officer, Vice President - Finance
- Ashok Kumar
- Compliance Officer, Company Secretary
- Karan Satish Shetty
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.