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Manoj Ceramic Ltd (544073)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544073 NSE: Trading | Small Cap | Manoj Ceramic Share Price

₹105.59 4.90 (4.87%)

As on 12-Jun'26 16:59

Manoj Ceramic Ltd (544073)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544073 NSE: Trading | Small Cap | Manoj Ceramic Share Price

₹105.59 4.90 (4.87%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹146 Cr.
Current Price
₹105.6
52-Week Low / High
₹60 / 220
TTM EPS
₹8.6
TTM Sales
₹201 Cr.
Book Value per Share
₹102.6
P/E Ratio
12.29
Lower than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
1.03
Lower than its 5-year historical median
Price to Sales (P/S)
0.72
Lower than its 5-year historical median
EV/EBITDA
7.80
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
16.37%
Outperforms industry median
Return on Capital Employed (ROCE)
17.73%
Outperforms industry median
Return on Assets (ROA)
7.34%
Operating Profit Margin
13.8%
Net Profit Margin
6.57%
Gross Profit Margin
9.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
71.32%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
56.54%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
77.47%
Asset Quality
Promoter Holding
53.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹128 Cr.
Equity
₹13.8 Cr.
Face Value
₹10
All Time Low / High
₹60.00 / 228.45

Manoj Ceramic stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Manoj Ceramic Ltd a good quality company?
Manoj Ceramic 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 Manoj Ceramic Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Manoj Ceramic Ltd vs industry peers?
Manoj Ceramic Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Manoj Ceramic Ltd?
Promoters hold 53.06% of the Manoj Ceramic Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Manoj Ceramic Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -62.8% 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

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

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'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.2%11.9%18.1%20.1%17.7%-
Value Creation
Index
-0.2-0.20.30.40.3-

Growth Parameters

Sales 35.643.173.595.9164201
Sales YoY Gr.-21.3%70.4%30.5%71.3%-
Adj EPS 0.21.76.17.39.48.6
YoY Gr.-595.8%266.5%18.8%29.9%-
BVPS (₹) 10.111.617.734.690.3102.6
Adj Net
Profit
0.113.76.110.812
Cash Flow from Ops. 0.66.7-10.3-12.3-40-
Debt/CF from Ops. 64.55.2-4.9-4.7-1.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA56.2%71.3%
Adj EPS NANA78.1%29.9%
BVPSNANA98%160.7%
Share Price - - - -51.3%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.711.132.527.315.68.9
Op. Profit
Mgn %
11.79.411.715.113.8NAN
Net Profit
Mgn %
0.42.356.36.65.9
Debt to
Equity
4.63.73.91.80.6-
Working Cap
Days
04683303423060
Cash Conv.
Cycle
01991521971860

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales36437496164
Operating Expenses + 32396581142
Manufacturing Costs22110
Material Costs22295974132
Employee Cost 33233
Other Costs 45356
Operating Profit 4491423
Operating Profit Margin (%) 11.3%9.1%11.7%15.1%13.8%
Other Income + 22110
Exceptional Items 00000
Interest 54577
Depreciation 00000
Profit Before Tax 015815
Tax 00124
Profit After Tax 014611
PAT Margin (%) 0.2%2.2%5.0%6.3%6.6%
Adjusted EPS (₹)0.11.66.17.39.5
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Manoj Ceramic - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 991331105
Share Capital 4441114
Reserves 5592192
Debt +3732465153
Long Term Debt2414242729
Short Term Debt1317222424
Minority Interest00000
Trade Payables1111141219
Others Liabilities 4671012
Total Liabilities 615879104190

Fixed Assets

Net Fixed Assets +11115
Gross Block43348
Accumulated Depreciation22333
CWIP 00000
Investments 10000
Inventories2528232649
Trade Receivables109345173
Cash Equivalents 321111
Others Assets 1919212651
Total Assets 615879104190

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 17-10-12-40
PBT 015815
Adjustment 65468
Changes in Working Capital -51-18-24-59
Tax Paid -0-0-1-3-4
Cash Flow From Investing Activity + -1111-8
Capex 00-0-0-5
Net Investments -110-0-4
Others 0011-0
Cash Flow From Financing Activity + 1-981258
Net Proceeds from Shares 0001463
Net Proceeds from Borrowing 6-4632
Interest Paid -5-4-5-7-7
Dividend Paid 00000
Others -00610
Net Cash Flow 1-1-1010

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.3714.5341.8130.7916.37
ROCE (%)11.2311.9118.0920.1317.73
Asset Turnover Ratio0.590.731.071.051.12
PAT to CFO Conversion(x)N/A7-2.5-2-3.64
Working Capital Days
Receivable Days106.8081.20106.40161.30137.60
Inventory Days261.30226125.4092.2083.80
Payable Days186.80142.5077.9062.9042.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Manoj Ceramic Ltd FAQs

The current trading price of Manoj Ceramic on 12-Jun-2026 16:59 is ₹105.6.

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 11-Jun-2026 the market cap of Manoj Ceramic stood at ₹145.8 Cr

The latest P/E ratio of Manoj Ceramic as of 11-Jun-2026 is 12.29.

The latest P/B ratio of Manoj Ceramic as of 11-Jun-2026 is 1.03.

The 52-week high of Manoj Ceramic is ₹219.8 and the 52-week low is ₹60.00.

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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