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Manoj Ceramic share price & results

Manoj Ceramic Limited· Consumer Durables· Consumer Discretionary

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Mar 2026

Asset-light distributor and premium retailer of ceramic/porcelain tiles, quartz surfaces, marble, sanitaryware and tile adhesives, sourced from outsourced Morbi manufacturing partners plus its own Upper Thane cutting-and-polishing facility.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue120 ₹ crore+22.4% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin11.0 %−3.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit6.0 ₹ crore−14.3% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−6.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-16.22 %+11.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−47.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

1 of 4 judged targets kept · 4 open · verdicts reflect calls analysed to Q4 FY26.

Manoj Ceramic Limited management guidance track record on Inve: 8 targets tracked across analysed earnings calls (1 achieved, 3 missed, 4 open).

TargetOriginal wordingSaidLatest callVerdict
Debtor DaysTargeting to get down by another 25, 30 days this year (from 163 days).
Call transcript, Q2 FY26 · 18 Nov 2025		Q2 FY26Q4 FY26:Debtor days reduced from 163 to 114 days, a reduction of 49 days, significantly exceeding the target of 25-30 days.
Call transcript, Q4 FY26 · 1 Jun 2026		Achieved
EBITDA MarginEBITDAs will get better by around 1.5% to 2% this year around (FY26).
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q4 FY26:Missed. H2 FY26 margin fell to 11% from 14% in H2 FY25. Full year FY26 margin was 12.26%, a deterioration, not an improvement. Management cited a temporary product mix shift.
Call transcript, Q4 FY26 · 1 Jun 2026		Missed
Infrastructure LaunchDubai display center will be operational again in June (2025).
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q4 FY26:The Dubai center is operational and a key part of the export strategy. The original promise on timing was concluded as delayed.
Call transcript, Q4 FY26 · 1 Jun 2026		Delayed

Source: Inve Guidance Tracker for Manoj Ceramic Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Manoj Ceramic Limited's 8 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 5 more targets are in the full ledger.

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Price

₹79.5 +15.82% · +₹10.86

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −25.3% 1Y

₹60₹80₹100Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 18 Nov 2025Q4 FY26 — 1 Jun 2026

1Y: ₹106.45 on 24 Oct 2025 → ₹79.5. High ₹112.5 (18 Jun 2026), low ₹57.2 (23 Oct 2026).

Previous close
₹68.64
Market cap
₹105 Cr
52-week range
₹57.2 – ₹112.5
One year
−26.35%
Price to earnings (FY ending Mar 2026)
8.75×
Return on equity (FY ending Mar 2026)
10.00%

Overview

Symbol
NSE:MCPL
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Manoj Ceramic Limited does

Based on the company's own presentations, annual report and earnings calls.

Manoj Ceramic Limited (MCPL) wholesales, retails, distributes and exports wall and floor tiles, artificial and natural marble, quartz stones, granite, tile adhesives, sanitaryware and faucets. It runs an asset-light model, outsourcing tile production to third-party manufacturing partners in Morbi rather than owning kilns, while operating its own Upper Thane cutting-and-polishing facility to customize premium slabs in-house. Revenue comes through a dealer network, premium retail showrooms/experience centres, B2B institutional project supply (architects, builders, hospitality and corporate clients), and exports via a UK subsidiary and a Dubai display centre. Its proprietary MCPL Studio platform gives AI-powered visualization to support showroom and digital sales.

Segments

  • Dealer Network
  • Retail Showrooms
  • B2B Institutional
  • Exports
  • Tile Adhesive
  • Contract Servicing
Total retail footprint
1,26,500+ sq. ft.
Active premium showrooms/experience centres
6
Product SKUs
1000+
Branch offices
5 (Mumbai, Pune, Thane, Morbi, Bangalore)
Dealer-network depots
4 (Morbi, Bhiwandi, Pune, Bangalore)
Dealer network states
Maharashtra, Goa, Tamil Nadu & Karnataka
Founded 1991Headquarters Ghatkopar (East), Mumbai, Maharashtra, IndiaEmployees 114 (FY25 (as of 31 March 202) Company website

How the price took the results

close before → close after

Q4 FY26
−1.3%
1 Jun
Q2 FY26
−0.5%
18 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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