523160

Morganite Crucib financials

Market cap
₹1.1k Cr
Sector
Capital Goods

What Morganite Crucib does

Morganite Crucible (India) Limited manufactures silicon carbide and clay graphite crucibles, foundry consumables and refractory products used to melt, hold, treat and cast non-ferrous metals such as aluminium, copper, zinc, brass, bronze and precious metals. It sells to foundries, die-casters and metal-melting facilities serving the automotive, aerospace, jewellery, mining, industrial machinery, electrical equipment and railway sectors, both in India and exported abroad. The company operates a single manufacturing facility in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, and is a subsidiary of UK-based Morgan Advanced Materials PLC. It is also piloting a new product line of ceramic saggars used in lithium-ion battery material processing.

Segments

  • Crucibles & foundry consumables
  • LiB saggars (pilot)
Manufacturing facility
1 plant, 64,750 Sq.M (Chhatrapati Sambhajinagar, Maharashtra)
Market share (Indian crucibles/foundry consumables)
~40%
Export markets
Asia, Europe, Africa, Middle East, North America
LiB saggar pilot-line capacity
2,500 units/yr initial, scaling to 10,000/yr by end-2025
Vacuum Impregnation System
2200mm x 5000mm, for crucibles up to size BG1525 (commissioned 2024)
Rooftop solar capacity
1 MW (installed in 3 phases; ~38% of site's FY24 electricity)
Founded 1986Headquarters Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, India Company website

Quarterly results

Q1 FY27: revenue up 14.0%, net profit up 66.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue44 45 42 43 46 +5%46 +2%37 −12%49 +14%
EBITDA13 10 7 9 13 +0%14 +40%10 +43%18 +100%
Net profit9 8 3 6 9 +0%6 −25%-1 −133%10 +67%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +23.4% 1Y

₹1.2k₹1.4k₹1.6k₹1.8k₹2.0kAug 25Oct 25Dec 25Jan 26Mar 26May 26Aug 26

1Y: ₹1,592.55 on 13 Aug 2025 → ₹1,966. High ₹1,996.8 (10 Sept 2026), low ₹1,200 (19 Jun 2026).

Financials, as filed

Revenue grew 3.6% a year over 3 years, FY23 to FY26. Operating margin widened to 26.7%.

Year endingFY23FY24FY25FY26
Revenue₹155 Cr₹168 Cr₹174 Cr₹172 Cr
Operating profit₹25 Cr₹39 Cr₹41 Cr₹46 Cr
Operating margin16.3%23.2%23.6%26.7%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹8 Cr₹8 Cr₹9 Cr₹12 Cr
Net profit₹16 Cr₹24 Cr₹28 Cr₹20 Cr
Net margin10.4%14.3%16.1%11.6%
Cash from operations₹32 Cr₹43 Cr₹25 Cr₹36 Cr
Free cash flow₹21 Cr₹26 Cr₹-5 Cr₹26 Cr
ROCE18.0%28.0%30.0%33.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr
Reserves₹100 Cr₹120 Cr₹124 Cr₹126 Cr₹133 Cr₹137 Cr
Borrowings₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹1 Cr
Other liabilities₹37 Cr₹32 Cr₹34 Cr₹45 Cr₹27 Cr₹28 Cr
Total liabilities₹139 Cr₹155 Cr₹161 Cr₹174 Cr₹164 Cr₹169 Cr
Fixed assets₹30 Cr₹38 Cr₹53 Cr₹62 Cr₹83 Cr₹64 Cr
Capital work in progress₹22 Cr₹15 Cr₹1 Cr₹0 Cr₹2 Cr₹3 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹87 Cr₹102 Cr₹106 Cr₹112 Cr₹80 Cr₹102 Cr
Total assets₹139 Cr₹155 Cr₹161 Cr₹174 Cr₹164 Cr₹169 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.13 pp while DIIs trimmed −1.11 pp. The shareholder count shrank 54% to 3,225.

Promoters
75.0%
FIIs
0.2%
DIIs
0.0%
Public
24.8%

Since Jun 2025

  • Public +1.13 pp
  • DIIs −1.11 pp
  • FIIs −0.02 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.1%, DIIs 0.0%, Public 24.9%.Dec '23: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '24: Promoters 75.0%, FIIs 0.1%, DIIs 0.6%, Public 24.3%.Sep '24: Promoters 75.0%, FIIs 0.2%, DIIs 0.6%, Public 24.2%.Dec '24: Promoters 75.0%, FIIs 0.2%, DIIs 0.9%, Public 23.9%.Mar '25: Promoters 75.0%, FIIs 0.2%, DIIs 1.0%, Public 23.8%.Jun '25: Promoters 75.0%, FIIs 0.2%, DIIs 1.1%, Public 23.7%.Sep '25: Promoters 75.0%, FIIs 0.2%, DIIs 1.1%, Public 23.7%.Dec '25: Promoters 75.0%, FIIs 0.2%, DIIs 1.2%, Public 23.6%.Mar '26: Promoters 76.8%, FIIs 0.2%, DIIs 0.2%, Public 22.8%.Jun '26: Promoters 75.0%, FIIs 0.2%, DIIs 0.0%, Public 24.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Morganite Crucib above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Foseco India Limited 75.00%−1.77 pp
Zztransit* 9.95%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹1966, this stock must grow earnings at 26% every year for 7 years. Our analysis caps realistic growth at ~5%. At that growth it is worth ₹667 — downside of 66%.

Growth the price implies
25.8% a year
for 7 years, fading to 4%
It has actually compounded at
7.4% a year
net profit, FY23–FY26 · EPS 5.1%
The gap
0.2 pp
-66% downside if it only repeats history
Price today ₹1,966 Value at the reference growth ₹666.9

Change the assumptions yourself →

Learn to analyse Morganite Crucib

Guides on how to read this kind of business and the numbers that matter.