Murudeshwar Ceramics share price & results
- Jun 2026
- Jun 2026
Pioneer manufacturer of ceramic and vitrified tiles in India under the 'NAVEEN' brand, with three plants in Karnataka and Puducherry.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 50.1 | +8.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 19.1 | +1.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.81 | −58.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 2.56 | +0.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -14.38 | −14.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 1.88 | −8.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −39.2% 1Y
1Y: ₹43.95 on 24 Oct 2025 → ₹26.7. High ₹45.43 (28 Oct 2025), low ₹25 (26 Oct 2026).
- Previous close
- ₹25
- Market cap
- ₹170 Cr
- 52-week range
- ₹25 – ₹45.43
- One year
- −41.07%
- Price to earnings (TTM to Jun 2026)
- 17.58×
- Return on equity (TTM to Jun 2026)
- 2.56%
Overview
- Symbol
- NSE:MURUDCERA
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Murudeshwar Ceramics Limited does
Based on the company's own presentations, annual report and earnings calls.
Murudeshwar Ceramics Limited manufactures and sells ceramic and vitrified tiles — including wall, floor and parking tiles — under the 'NAVEEN' and 'Naveen Diamontile' brand names. It operates three manufacturing plants in South India (Hubli and Sira in Karnataka, and Karaikal in Puducherry), set up in technical collaboration with Sacmi Imola and Breton of Italy. Tiles are sold through a network of company-owned showrooms and regional depots across India, and the company also exports tiles to foreign countries.
Segments
- Ceramic & Vitrified Tiles
- Manufacturing plants
- 3 (Hubli & Sira, Karnataka; Karaikal, Puducherry)
- Installed production capacity
- 28,000 sq. m/day (8.4 million sq. m/year)
- Installed capacity (tonnage terms)
- 36,00,000 TPA, grown from an initial 12,500 TPA
- Company-owned showrooms
- 73+ across India
- Regional depots
- 42
- Kilns in operation
- 5 (Sacmi, Italy)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −58% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 43 | 50 | 66 | 46 | 46 | 51 | 63 | 50 |
| Expenses | 35 | 42 | 55 | 38 | 39 | 44 | 53 | 41 |
| Operating profit | 7 | 8 | 11 | 8 | 7 | 7 | 10 | 10 |
| Operating margin | 17.3% | 15.9% | 16.6% | 17.4% | 15.4% | 13.1% | 15.5% | 19.1% |
| Other income | 2 | 0 | 3 | 0 | 2 | 4 | 3 | 0 |
| Interest | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 |
| Depreciation | 3 | 3 | 4 | 3 | 3 | 3 | 5 | 4 |
| Profit before tax | 3 | 2 | 5 | 2 | 3 | 5 | 4 | 2 |
| Tax rate | 0.7% | 1.1% | 36.3% | 0.0% | 0.0% | 0.0% | 62.5% | 65.7% |
| Net profit | 3 | 2 | 3 | 2 | 3 | 4 | 2 | 1 |
| EPS (₹ per share) | 0.48 | 0.28 | 0.54 | 0.32 | 0.53 | 0.68 | 0.26 | 0.13 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 172 | 186 | 203 | 205 |
| Expenses | 142 | 156 | 168 | 174 |
| Operating profit | 31 | 30 | 35 | 31 |
| Other income | 1 | 4 | 5 | 10 |
| Interest | 13 | 11 | 13 | 12 |
| Depreciation | 11 | 12 | 15 | 15 |
| Profit before tax | 7 | 12 | 12 | 14 |
| Net profit | 7 | 5 | 10 | 11 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 55 | 58 | 61 | 61 | 61 | 61 |
| Reserves | 285 | 296 | 305 | 312 | 313 | 320 |
| Borrowings | 83 | 120 | 110 | 108 | 130 | 142 |
| Other liabilities | 53 | 67 | 73 | 90 | 81 | 93 |
| Total liabilities | 476 | 541 | 548 | 570 | 584 | 616 |
| Fixed assets | 298 | 297 | 361 | 349 | 342 | 390 |
| Capital work in progress | 6 | 78 | 10 | 38 | 56 | 24 |
| Investments | 10 | 10 | 10 | 10 | 9 | 9 |
| Other assets | 162 | 156 | 167 | 173 | 176 | 192 |
| Total assets | 476 | 541 | 548 | 570 | 584 | 616 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 23 | 43 | 31 | 29 | 13 |
| Cash from investing | -6 | -13 | -82 | -5 | -24 | -32 |
| Cash from financing | 6 | -8 | 35 | -13 | -16 | 23 |
| Net cash flow | 0 | 3 | -4 | 13 | -12 | 4 |
| Free cash flow | -7 | 15 | -40 | 22 | -1 | -30 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 144 | 66 | 35 | 33 | 73 | 92 |
| Inventory days | 0 | 1201 | 975 | 954 | 744 | 881 |
| Days payable | — | 203 | 228 | 205 | 210 | 250 |
| Cash conversion cycle | 144 | 1065 | 782 | 781 | 608 | 723 |
| Working capital days | 203 | 152 | 78 | 61 | 74 | 85 |
| Return on capital employed | — | 4.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Dividend payout | 0.0% | 0.0% | 44.0% | 59.0% | 31.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Sale of Products contributes 70.1% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Sale of Products 70.1%
₹35.09 crore
- Sale of Services 29.9%
₹15.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Sale of Products | 35.09 | 70.1% |
| Sale of Services | 15.00 | 29.9% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹50.09 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹50.09 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Sale of Services grew from 23% to 30% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Sale of Products | 77% | 81% | — | — | — | 76% | — | 70% | — |
| Sale of Services | 23% | 19% | 33% | 44% | — | — | — | 30% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
What the price assumes
Growth trapTo justify its price of ₹27, this stock must grow earnings at 81% every year for 7 years. Our analysis caps realistic growth at ~-34%. At that growth it is worth ₹0 — downside of 100%.
- Growth the price implies
- 80.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -33.9% a year
- net profit, FY23–FY26 · EPS -34.5%
- The gap
- 1.2 pp
- -100% downside if it only repeats history
Ownership
Who owns it
Promoters hold 73.93% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 73.93%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 26.05%
Who is on the register
Named in the Jun 2026 filing
Every holder of Murudeshwar Ceramics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 38.26% | unchanged | |
| 21.23% | unchanged | |
| 3.82% | unchanged | |
| 3.56% | unchanged | |
| 1.90% | unchanged | |
| 1.05% | unchanged | |
| 1.05% | unchanged | |
| 1.03% | unchanged | |
| 1.03% | unchanged | |
| 1.03% | unchanged | |
| 1.03% | unchanged | |
| 0.29% | unchanged |
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.
Your own record
Start an Inve Case for Murudeshwar Ceramics Limited
Free account: one company. Everything above stays public.
Write why you follow Murudeshwar Ceramics Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Consumer Durables companies
Learn to analyse Murudeshwar Ceramics Limited
Guides on how to read this kind of business and the numbers that matter.