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 04-Jun-2026 16:59:59 at 16:59 is 170.00.

What is the P/E ratio of Associated Ceramics?

The latest standalone P/E ratio of Associated Ceramics as of 04-Jun-2026 is 16.74.

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

The latest standalone P/B ratio of Associated Ceramics Ltd (531168) as of 04-Jun-2026 is 1.36.

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

The 52-week high of Associated Ceramics Ltd (531168) is Rs. 251.00 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 BSE: 531168 NSE: Refractories | Small Cap | Associated Ceramics Share Price

Associated Ceramics Ltd (531168)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531168 NSE: Refractories | Small Cap | Associated Ceramics Share Price

Key Metrics

Valuation Multiples

Market Cap

₹35 Cr.

Current Price

₹170

52-Week Low / High

₹140 / 251

TTM EPS

₹10.2

TTM Sales

₹44.4 Cr.

Book Value per Share

₹124.7

P/E Ratio

16.74

Higher than its 5-year historical median

Industry PE

47.4

Price to Book (P/B)

1.36

Lower than its 5-year historical median

Price to Sales (P/S)

0.78

Lower than its 5-year historical median

EV/EBITDA

6.02

Higher than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

9.69%

Underperforms industry median

Return on Capital Employed (ROCE)

13.79%

Underperforms industry median

Return on Assets (ROA)

4.63%

Operating Profit Margin

13.7%

Net Profit Margin

5.15%

Gross Profit Margin

16%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

3.43%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

15.96%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

151.16%

Asset Quality

Promoter Holding

55.34%

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

0.00%

Reserves

₹23 Cr.

Equity

₹2 Cr.

Face Value

₹10

All Time Low / High

₹13.50 / 1408.15

Associated Ceramics stock performance

Key Ratios

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Associated Ceramics Ltd a good quality company?

Associated Ceramics Ltd is a quality company, based on a 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 Associated Ceramics Ltd performance compare with that of its Peers?

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 4.42%, indicating stable growth and maintaining its market share.

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 Stock return of Associated Ceramics Ltd over the last decade?

Over the last 3 year(s), the stock has delivered a CAGR of 55.27% 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 end

Value Creation ⓘ

	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 ⓘ
Sales ⓘ	25.1	19.5	16.7	27.4	33.8	31.3	38.4	55.8	40.6	41.9	44
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	10.2
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	124.7
Adj Net Profit ⓘ	-1	-3.2	-2.2	1.7	3.5	4.4	4.2	4.6	0.9	2.1	2
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 ⓘ

	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	-	-	27.7%	-19.7%

Key Financial Parameters ⓘ

	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	8.5
Op. Profit Mgn % ⓘ	8.6	-6	-2.5	9.7	12.6	14.7	15.8	13.9	12.2	13.7	12
Net Profit Mgn % ⓘ	-3.8	-16.3	-12.9	6	10.2	14.2	10.9	8.3	2.1	5.1	4.7
Debt to Equity ⓘ	0.7	0.9	0.8	0.1	0.2	0.3	0.1	0.2	0.3	0.1	0
Working Cap Days ⓘ	295	365	370	186	161	211	165	116	161	144	62
Cash Conv. Cycle ⓘ	196	224	253	109	94	145	118	70	92	83	17

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%

Valuation of Associated Ceramics - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

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

Financial 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

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Associated Ceramics Ltd FAQs

The current trading price of Associated Ceramics on 04-Jun-2026 16:59 is ₹170.0.

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 03-Jun-2026 the market cap of Associated Ceramics stood at ₹34.76 Cr

The latest P/E ratio of Associated Ceramics as of 03-Jun-2026 is 16.74.

The latest P/B ratio of Associated Ceramics as of 03-Jun-2026 is 1.36.

The 52-week high of Associated Ceramics is ₹251.0 and the 52-week low is ₹140.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Associated Ceramics is ₹44.40 ( Cr.) .

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

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

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.

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

Associated Ceramics Ltd (531168)

Associated Ceramics Ltd (531168)

Associated Ceramics stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

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 ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Associated Ceramics - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Associated Ceramics Ltd FAQs

About Associated Ceramics Ltd

About MoneyWorks4Me

Our Vision

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Associated Ceramics Ltd (531168)

Associated Ceramics Ltd (531168)

Associated Ceramics stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

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 ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Associated Ceramics - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Associated Ceramics Ltd FAQs

What is the share price of Associated Ceramics?

What is the market cap of Associated Ceramics?

What is the P/E ratio of Associated Ceramics?

What is the P/B ratio of Associated Ceramics?

What is the 52-week high and low of Associated Ceramics?

What is the TTM revenue of Associated Ceramics?

Is Associated Ceramics Ltd a good quality company?

Is Associated Ceramics Ltd undervalued or overvalued?

Is Associated Ceramics Ltd a good buy now?

About Associated Ceramics Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.