What is Associated Ceramics Ltd (531168) share price return in the past 10 years?

Data is not available for this company

What is the share price of Associated Ceramics Ltd (531168)?

Company share prices are keep on changing according to the market conditions. The current trading price of Associated Ceramics Ltd (531168) on 30-Apr-2026 16:59:59 at 16:59 is 179.90.

What is the P/E ratio of Associated Ceramics?

The latest standalone P/E ratio of Associated Ceramics as of 30-Apr-2026 is 14.63.

What is the P/B ratio of Associated Ceramics Ltd (531168)?

The latest standalone P/B ratio of Associated Ceramics Ltd (531168) as of 30-Apr-2026 is 1.44.

What is the 52-week high and low of Associated Ceramics Ltd (531168)?

The 52-week high of Associated Ceramics Ltd (531168) is Rs. 264.00 and the 52-week low is Rs. 140.00.

Associated Ceramics Ltd (531168) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Associated Ceramics Ltd (531168)
Brand: Associated Ceramics

Associated Ceramics Ltd (531168) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹37 Cr.

P/E Ratio

14.63

Price to Book (P/B)

1.44

Price to Sales (P/S)

0.79

EV/EBITDA

4.91

Return on Capital Employed (ROCE)

13.79%

Current Price

₹179.9

Return on Equity (ROE)

9.69%

Return on Assets (ROA)

4.63%

Operating Profit Margin

13.7%

Net Profit Margin

5.15%

Gross Profit Margin

16%

Book Value per Share

₹125.3

Sales Growth (YoY)

3.43%

Sales Growth (3 Years)

3.01%

Operating Profit Growth (1 Year)

15.96%

Operating Profit Growth (3 Years)

-1.9%

Net Profit Growth (1 Year)

151.16%

52-Week Low / High

₹140 / 264

Net Profit Growth (3 Years)

-19.8%

Dividend Yield

0.00%

Promoter Holding

55.34%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Associated Ceramics Ltd over the last decade?

Over the last 3 year(s), the stock has delivered a CAGR of 98.45% based on the current price.

Q.1 Revenue growth of Associated Ceramics Ltd?

Associated Ceramics Ltd revenue growth is 3.4% for FY-2025, which is below its 5-year CAGR of 4.42%, indicating slower growth.

Q.1 Which industry/sub-sector does Associated Ceramics Ltd belong to?

Associated Ceramics Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Refractories segment.

Q.1 Promoter shareholding and pledge status of Associated Ceramics Ltd?

Promoters hold 55.34% of the Associated Ceramics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Associated Ceramics Ltd vs industry peers?

Associated Ceramics Ltd revenue CAGR is 4.42%, compared to the industry median CAGR of 6.93%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Associated Ceramics

Based on:

Data

M-Cap below 100cr DeciZen not available

Associated Ceramics stock performance

Key Ratios

Is Associated Ceramics Ltd an attractive stock to invest in?

1. Is Associated Ceramics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Associated Ceramics Ltd is a average quality company.

2. Is Associated Ceramics Ltd undervalued or overvalued?

The key valuation ratios of Associated Ceramics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Associated Ceramics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Associated Ceramics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.4%	-9.2%	-4.3%	11.7%	20.8%	18.5%	19.5%	20.4%	6.6%	13.8%	-
Value Creation Index ⓘ	-0.7	-1.7	-1.3	-0.2	0.5	0.3	0.4	0.5	-0.5	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	25.1	19.5	16.7	27.4	33.8	31.3	38.4	55.8	40.6	41.9	46
Sales YoY Gr.	-	-22.1%	-14.2%	63.6%	23.4%	-7.5%	22.8%	45.4%	-27.3%	3.4%	-
Adj EPS ⓘ	-3.2	-10.6	-7.2	5.5	11.5	14.8	20.4	22.5	4.2	10.5	12.3
YoY Gr.	-	NA	NA	NA	108.9%	28.9%	38.3%	10.2%	-81.6%	152.5%	-
BVPS (₹) ⓘ	67.8	52.3	43.5	51.7	66	85.8	115.1	137.5	103.8	114.2	125.3
Adj Net Profit ⓘ	-1	-3.2	-2.2	1.7	3.5	4.4	4.2	4.6	0.9	2.1	3
Cash Flow from Ops. ⓘ	-1.4	0.2	3.5	9	-0.4	0.2	8.4	8.6	16.4	5.6	-
Debt/CF from Ops. ⓘ	-8.9	52.7	2.9	0.2	-9.7	30.2	0.4	0.7	0.4	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.9%	4.4%	3%	3.4%
Adj EPS ⓘ	NA	-1.8%	-20%	152.5%
BVPSⓘ	6%	11.6%	-0.3%	10%
Share Price	-	-	95.3%	-16.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-5.3	-20.2	-16.7	12.8	22.4	23	17.7	16.4	3.3	9.5	10.3
Op. Profit Mgn % ⓘ	8.6	-6	-2.5	9.7	12.6	14.7	15.8	13.9	12.2	13.7	12.3
Net Profit Mgn % ⓘ	-3.8	-16.3	-12.9	6	10.2	14.2	10.9	8.3	2.1	5.1	5.4
Debt to Equity ⓘ	0.7	0.9	0.8	0.1	0.2	0.3	0.1	0.2	0.3	0.1	-
Working Cap Days ⓘ	295	365	370	186	161	211	165	116	161	144	63
Cash Conv. Cycle ⓘ	196	224	253	109	94	145	118	70	92	83	6

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.30%

Sales growth is good in last 4 quarters at 13.51%

Sales growth has been subdued in last 3 years 3.01%

Net Profit has been subdued in last 3 years -19.96%

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	12.3	-
TTM Sales (₹ Cr.)	46.4	-
BVPS (₹) ⓘ	125.3	-
Reserves (₹ Cr.) ⓘ	24	-
P/BV ⓘ	1.44	-
PE ⓘ	14.63	-

From the Market
52 Week Low / High (₹)	140.00 / 264.00
All Time Low / High (₹)	13.50 / 1408.15
Market Cap (₹ Cr.)	36.8
Equity (₹ Cr.)	2
Face Value (₹)	10
Industry PE ⓘ	43.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Associated Ceramics - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	25.07	19.52	16.74	27.38	33.79	31.25	38.37	55.80	40.55	41.94
Operating Expenses ⓘ +	22.93	20.68	17.17	24.83	29.86	26.65	32.29	48.16	35.60	36.21
Manufacturing Costs	3.39	4.01	4.88	2.95	7.03	5.20	9.93	10.33	7.42	6.98
Material Costs	16.46	12.94	8.93	17.50	17.01	16.90	15.97	27.94	17.82	18.41
Employee Cost	1.28	1.41	1.73	1.98	2.63	2.73	3.90	4.59	5.49	5.13
Other Costs ⓘ	1.80	2.32	1.64	2.40	3.19	1.82	2.49	5.31	4.86	5.69
Operating Profit ⓘ	2.15	-1.16	-0.42	2.55	3.94	4.60	6.08	7.64	4.95	5.74
Operating Profit Margin (%)	8.6%	-6.0%	-2.5%	9.3%	11.7%	14.7%	15.8%	13.7%	12.2%	13.7%
Other Income ⓘ +	0.06	0.38	0.76	0.52	1.05	0.85	0.40	0.61	0.74	1.37
Exceptional Items ⓘ	0.01	0.01	0.18	0.44	0.03	0.11	-0.03	0	0	0
Interest ⓘ	0.45	1.13	0.89	0.47	0.44	0.24	0.12	0.51	0.41	0.39
Depreciation ⓘ	1.09	1.79	1.56	1.33	1.27	1.13	0.99	1.57	3.56	3.41
Profit Before Tax ⓘ	0.68	-3.69	-1.93	1.70	3.31	4.20	5.34	6.17	1.72	3.31
Tax ⓘ	1.62	-0.53	0.08	-0.18	0.05	-0.34	1.16	1.59	0.87	1.15
Profit After Tax	-0.94	-3.16	-2	1.88	3.26	4.54	4.18	4.58	0.86	2.16
PAT Margin (%)	-3.8%	-16.2%	-12.0%	6.9%	9.6%	14.5%	10.9%	8.2%	2.1%	5.2%
Adjusted EPS (₹)	-4.1	-13.9	-8.8	8.2	14.3	19.9	20.5	22.4	4.2	10.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	17.64	13.92	11.91	13.79	17.05	21.58	25.75	30.33	21.47	23.59
Share Capital ⓘ	4.26	4.26	4.26	4.26	4.26	4.26	4.26	4.26	2.28	2.28
Reserves ⓘ	13.38	9.66	7.65	9.53	12.79	17.32	21.49	26.07	19.18	21.30
Debt +	12.12	11.82	10.05	1.52	3.80	5.57	3.17	6.35	7.04	1.50
Long Term Debt	3.50	2.94	2.76	0	0	0	0	0	0	0
Short Term Debt	8.62	8.88	7.29	1.52	3.80	5.57	3.17	6.35	7.04	1.50
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	5.08	5.02	3.02	4.34	3.21	3.15	2.65	5.27	3.54	4.48
Others Liabilities ⓘ	2.66	2.34	2.27	4.52	4.25	1.31	2.01	5.37	15.49	16.09
Total Liabilities ⓘ	37.49	33.10	27.26	24.17	28.30	31.62	33.58	47.32	47.53	45.66
Fixed Assets
Net Fixed Assets ⓘ +	11.81	12.66	11.12	10.14	9.74	9.42	10.95	25.29	25.07	22.67
Gross Block	20.65	23.15	23.18	23.54	24.40	25.20	25.33	41.17	44.51	45.53
Accumulated Depreciation	8.84	10.50	12.06	13.39	14.66	15.79	14.38	15.88	19.44	22.85
CWIP ⓘ	1.93	0	0	0	0	1.35	4.10	0	0	0
Investments ⓘ	0.25	0.59	0.56	0.99	0.66	1.37	1.69	1.55	1.80	2.27
Inventories	16.82	11.16	8.10	7.96	10.36	9.44	10.77	11.16	7.10	9.55
Trade Receivables	4.08	6.52	5.69	2.80	4.78	7.87	3.08	5.96	6.05	4.96
Cash Equivalents	0.37	0.12	0.48	0.24	0.87	0.45	1.08	0.77	4.66	3.69
Others Assets ⓘ	2.23	2.06	1.30	2.04	1.89	1.72	1.91	2.59	2.85	2.52
Total Assets ⓘ	37.49	33.10	27.26	24.17	28.30	31.62	33.58	47.32	47.53	45.66

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1.36	0.23	3.53	9.01	-0.39	0.18	8.38	8.62	16.39	5.56
PBT ⓘ	0.68	-3.16	-2	1.88	3.31	4.09	5.37	6.17	1.72	3.31
Adjustment ⓘ	1.31	3.20	1.69	1.80	1.02	0.65	0.92	1.73	3.88	2.68
Changes in Working Capital ⓘ	-2.97	1.14	3.84	6.07	-4.72	-4.83	2.95	1.99	11.96	0.43
Tax Paid ⓘ	-0.39	-0.94	-0	-0.74	0.01	0.28	-0.86	-1.26	-1.18	-0.86
Cash Flow From Investing Activity ⓘ +	-9.18	0.85	-0.01	-0.29	-0.85	-2.15	-5.33	-11.78	-7.29	1.80
Capex	-9.24	0.58	-0.03	-0.35	-0.86	-2.16	-5.28	-11.81	-3.34	-1
Net Investments	0	0	0	-0	-0	0	0	0	-4.17	2.47
Others ⓘ	0.06	0.27	0.02	0.06	0.02	0	-0.05	0.03	0.23	0.33
Cash Flow From Financing Activity ⓘ +	8.83	-1.16	-3.16	-8.96	1.87	1.55	-2.50	2.84	-9.38	-5.87
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	9.09	-0.88	-0.73	-2.76	0	0	0	0	-9.72	0
Interest Paid ⓘ	-0.25	-1.09	-0.84	-0.43	-0.41	-0.22	-0.09	-0.34	-0.35	-0.33
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-0	0.81	-1.59	-5.77	2.28	1.77	-2.41	3.18	0.69	-5.54
Net Cash Flow ⓘ	-1.71	-0.08	0.36	-0.25	0.63	-0.42	0.54	-0.31	-0.28	1.49

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-5.91	-23.06	-18.32	17.27	24.21	26.18	19.4	17.72	3.47	9.69
ROCE (%)	4.42	-9.18	-4.32	11.68	20.75	18.49	19.48	20.36	6.56	13.79
Asset Turnover Ratio	0.83	0.61	0.57	1.06	1.29	1.04	1.18	1.38	0.86	0.9
PAT to CFO Conversion(x)	N/A	N/A	N/A	4.79	-0.12	0.04	2	1.88	19.06	2.57
Working Capital Days
Receivable Days	48.80	90.40	129.80	56.60	41	73.90	52	29.60	54	47.90
Inventory Days	212.80	238.40	204.80	107	98.90	115.60	96.10	71.70	82.20	72.40
Payable Days	92.40	142.40	164.50	76.80	81	68.70	66.40	51.80	90.30	79.50

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Associated Ceramics Ltd FAQs

The current trading price of Associated Ceramics on 30-Apr-2026 16:59 is ₹179.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of Associated Ceramics stood at ₹36.78 Cr

The latest P/E ratio of Associated Ceramics as of 29-Apr-2026 is 14.63.

The latest P/B ratio of Associated Ceramics as of 29-Apr-2026 is 1.44.

The 52-week high of Associated Ceramics is ₹264.0 and the 52-week low is ₹140.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Associated Ceramics is ₹46.42 ( Cr.) .

About Associated Ceramics Ltd

Associated Ceramics was established on October 28, 1970. The companyâ€™s products operate unseen in a broad spectrum of industry everyday. The companyâ€™s customer base, which includes glass, steel, cement, aluminum, as well as graphite electrode manufacturers, is just as wide and varied as its products.

Its custom designed refractory products are of uniformly superior calibre and are supplied to industries, which test its endurance ever escalating intensity.

The head office of the company is situated at 17, Ganesh Chandra Avenue, Kolkata, West Bengal 700013.

Product range of the company

Fireclay refractories
Special purpose refractories
High alumina refractories
Insulation refractories
Basic refractories
Mortar materials and monolithic refractories

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Associated Ceramics Ltd (531168) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Associated Ceramics Share Price