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10 Yrs X-Ray 
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Analyst Note 
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About
Manoj Ceramic Ltd (544073)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544073 NSE: Trading | Small Cap | Manoj Ceramic Share Price
₹95.40 15.90 (20.00%)
As on 28-Oct'26 16:01
Manoj Ceramic Ltd (544073)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544073 NSE: Trading | Small Cap | Manoj Ceramic Share Price
₹95.40 15.90 (20.00%)
As on 28-Oct'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹110 Cr.
Current Price
₹95.4
52-Week Low / High
₹57 / 115
TTM EPS
₹8.7
TTM Sales
₹203 Cr.
Book Value per Share
₹98.9
P/E Ratio
9.14
Lower than its 5-year historical median
Industry PE
34.8
Price to Book (P/B)
0.80
Lower than its 5-year historical median
Price to Sales (P/S)
0.54
Lower than its 5-year historical median
EV/EBITDA
7.07
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.10%
Outperforms industry median
Return on Capital Employed (ROCE)
13.11%
Outperforms industry median
Return on Assets (ROA)
5.52%
Operating Profit Margin
12.2%
Net Profit Margin
5.93%
Gross Profit Margin
8.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
22.61%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.08%
Asset Quality
Promoter Holding
53.40%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹123 Cr.
Equity
₹13.8 Cr.
Face Value
₹10
All Time Low / High
₹57.20 / 228.45
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Manoj Ceramic Ltd a good quality company?
Manoj Ceramic Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Manoj Ceramic Ltd performance compare with that of its Peers?
Revenue growth of Manoj Ceramic Ltd vs industry peers?
Manoj Ceramic Ltd revenue CAGR is 40.21%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Manoj Ceramic Ltd?
Promoters hold 53.40% of the Manoj Ceramic Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Manoj Ceramic Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -22.44% based on the current price.
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)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Manoj Ceramic Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.2% | 11.9% | 18.1% | 20.1% | 17.7% | 13.1% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | 0.3 | 0.4 | 0.3 | -0.1 | - |
Growth Parameters ⓘ |
|||||||
| Sales ⓘ | 35.6 | 43.1 | 73.5 | 95.9 | 164 | 201 | 201 |
| Sales YoY Gr. | - | 21.3% | 70.4% | 30.5% | 71.3% | 22.6% | - |
| Adj EPS ⓘ | 0.2 | 1.7 | 6.1 | 7.3 | 9.4 | 8.5 | 8.6 |
| YoY Gr. | - | 595.8% | 266.5% | 18.8% | 29.9% | -9.6% | - |
| BVPS (₹) ⓘ | 10.1 | 11.6 | 17.7 | 34.6 | 90.3 | 98.5 | 99 |
| Adj Net Profit ⓘ | 0.1 | 1 | 3.7 | 6.1 | 10.8 | 11.7 | 12 |
| Cash Flow from Ops. ⓘ | 0.6 | 6.7 | -10.3 | -12.3 | -40 | -35 | - |
| Debt/CF from Ops. ⓘ | 64.5 | 5.2 | -4.9 | -4.7 | -1.5 | -2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 41.5% | 40% | 22.6% | ||||
| Adj EPS ⓘ | NA | 104.2% | 11.7% | -9.6% | ||||
| BVPSⓘ | NA | 57.9% | 77.2% | 9.1% | ||||
| Share Price | - | - | - | -10.8% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.7 | 11.1 | 32.5 | 27.3 | 15.6 | 9.5 | 8.7 |
| Op. Profit Mgn % ⓘ | 11.7 | 9.4 | 11.7 | 15.1 | 13.8 | 12.2 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 2.3 | 5 | 6.3 | 6.6 | 5.8 | 5.9 |
| Debt to Equity ⓘ | 4.6 | 3.7 | 3.9 | 1.8 | 0.6 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 468 | 330 | 342 | 306 | 371 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 199 | 152 | 197 | 186 | 179 | 0 |
Valuation of Manoj Ceramic - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 74 | 96 | 164 | 203 |
| Operating Expenses ⓘ + | 65 | 82 | 142 | 178 |
| Operating Profit ⓘ | 9 | 14 | 23 | 25 |
| Operating Profit Margin (%) | 11.7% | 14.6% | 13.8% | 12.2% |
| Other Income ⓘ + | 1 | 1 | 0 | 0 |
| Interest ⓘ | 5 | 7 | 7 | 8 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 |
| Profit Before Tax ⓘ | 5 | 8 | 15 | 17 |
| Tax ⓘ | 1 | 3 | 4 | 5 |
| Profit After Tax | 4 | 5 | 11 | 12 |
| PAT Margin (%) | 5.0% | 5.6% | 6.6% | 5.9% |
| Adjusted EPS (₹) | 6.1 | 6.4 | 9.6 | 8.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 13 | 31 | 105 | 137 | |||||||
| Debt + | 46 | 52 | 53 | 68 | |||||||
| Minority Interest | 0 | 0 | 0 | 0 | |||||||
| Trade Payables | 14 | 12 | 19 | 26 | |||||||
| Others Liabilities ⓘ | 7 | 10 | 12 | 13 | |||||||
| Total Liabilities ⓘ | 79 | 105 | 190 | 245 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1 | 1 | 5 | 5 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | |||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | |||||||
| Inventories | 23 | 26 | 50 | 62 | |||||||
| Trade Receivables | 34 | 51 | 73 | 62 | |||||||
| Cash Equivalents | 1 | 1 | 11 | 4 | |||||||
| Others Assets ⓘ | 21 | 26 | 51 | 111 | |||||||
| Total Assets ⓘ | 79 | 105 | 190 | 245 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -10 | -13 | -40 | -32 |
| Cash Flow From Investing Activity ⓘ + | 1 | 7 | -8 | 0 |
| Cash Flow From Financing Activity ⓘ + | 8 | 6 | 58 | 25 |
| Net Cash Flow ⓘ | -1 | 0 | 9 | -7 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 34.63 | 27.47 | 16.63 | 10.1 | ||||||
| ROCE (%) | 15.35 | 19.52 | 17.82 | 13.11 | ||||||
| Asset Turnover Ratio | 0.93 | 1.04 | 1.12 | 0.93 | ||||||
| PAT to CFO Conversion(x) | -2.5 | -2.6 | -3.64 | -2.67 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 169.10 | 161.30 | 136.90 | 121.40 | ||||||
| Inventory Days | 111.90 | 92.60 | 85 | 101.60 | ||||||
| Payable Days | 84.20 | 63.40 | 43.20 | 49.60 | ||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
Manoj Ceramic Ltd FAQs
The current trading price of Manoj Ceramic on 28-Oct-2026 16:01 is ₹95.40.
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 27-Oct-2026 the market cap of Manoj Ceramic stood at ₹109.8 Cr
The latest P/E ratio of Manoj Ceramic as of 27-Oct-2026 is 9.25.
The latest P/B ratio of Manoj Ceramic as of 27-Oct-2026 is 0.80.
The 52-week high of Manoj Ceramic is ₹115.0 and the 52-week low is ₹57.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manoj Ceramic is ₹201 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Manoj Ceramic Ltd is a below average quality company.
The key valuation ratios of Manoj Ceramic Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Manoj Ceramic Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Manoj Ceramic Ltd
Manoj Ceramic was originally incorporated as ‘Manoj and Company Trading Private Limited’ under the provision of Companies Act, 1956 vide certificate of Incorporation dated December 12, 2006 issued by the Registrar of Companies, Maharashtra. Thereafter, the name of the Company was changed from ‘Manoj and Company Trading Private Limited’ to ‘Manoj Ceramic Private Limited’ vide special resolution passed by the members at the Extra-ordinary General Meeting held on October 13, 2018. Subsequently, the Company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on January 02, 2019 and consequently the name of the company was changed to ‘Manoj Ceramic Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai dated January 22, 2019.
‘Manoj Ceramic (MCL) is into the business of trading of ceramic tiles and Tiles Adhesive under their own brand ‘MCPL’ through dealer network, Retail showroom, wholesale as BTB and export. MCL is in to the business since 1991 in the names and styles of ‘Manoj and Company’, ‘Manoj And Company Trading’, ‘Manoj Ceramic’ in the beginning of the year 2019, the company transitioned from a private limited into a public limited company under the name and style ‘Manoj Ceramic’, as certified vide certificate of incorporation dated January 22, 2019.
In the Company, it specializes in two products: Ceramic Tiles and Tile Adhesive. Its range of Ceramic Tiles offers a captivating designs, colors and sizes, for transforming any space into a work of art. Additionally, its Tile Adhesive guarantees a strong bond, ensuring a seamless and lasting installation for its valued customers. In ceramic tiles, it engages with the manufacturer and based on its experience and customer feedback it finalizes the designs with the manufacture and accordingly they supply the finished goods to it which it sales further through its dealer network, Retail showroom, Export and B2B sale to various end user like architect, builders and contractors.
In this it supplies Tiles Adhesive in its brand name ‘MCPL’ to end user through its distributor network which is in Maharashtra. It orders the material to the manufacturer which he supplies in Bags with its Brand Name ‘MCPL’. Distributor place order with it and accordingly it supply the same to its distributor who in turn sale to end user. In addition to sale through its distribution network it also sales it in its B2B network i.e. Architect, Builders and Contractors whom it supplies directly.
Business area of the company
The company has been actively engaged in the trading of Ceramic Tiles and Tiles Adhesive under its own brand ‘MCPL’. It has established a dealer network, retail showrooms and wholesalers to cater to its customers’ needs. Additionally, it has also expanded its business to include B2B transactions and export activities.
Products of the company
- Ceramic tiles
- Tile adhesive
History and milestones
- 2019: Conversion from Private to Public Company.
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