Associated Ceramics Ltd.

BSE: ASSOCER531168ISIN INE771E01010

Commodities
Other Construction Materials

Share price

₹175.00+7.00 (+4.17%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹244.00
52W low: ₹140.00
Off 52W high: -28.28%
1M return: +16.67%
3M return: +1.86%
6M return: -3.87%
1Y return: -18.57%
20D avg volume: 24
50 DMA: ₹160.81
200 DMA: ₹183.29

Key ratios Standalone

Market cap: ₹52.68 Cr
Current price: ₹175.00
52W high / low: ₹244.00 / ₹140.00
Face value: ₹10.00
P/E: 20.49
P/B: 1.57
EPS (TTM): ₹8.54
Book value / share: ₹111.47
ROE: 7.69%
ROCE: 10.70%
Operating margin: 14.21%
Net margin: 4.53%
Debt / equity: 0.12
Net debt: ₹3.00 Cr
Interest cover: 16.06
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 66.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	9.06	9.25	7.27	15.08	12.81	11.27	9.35	12.37	8.95	—
	0.03	0.19	0.04	0.18	0.17	1.32	0.02	0.03	0.01	—
	9.09	9.43	7.31	15.25	12.98	12.59	9.37	12.40	8.96	—
	8.55	9.75	7.36	13.14	12.01	11.84	8.52	12.28	7.38	—
	6.54	5.54	4.51	5.53	6.69	5.91	6.31	6.83	5.05	—
	0.40	0.78	0.43	0.28	0.37	0.62	0.37	2.03	0.50	—
	1.19	2.76	1.22	1.36	1.17	2.87	1.25	1.41	1.10	—
	0.04	0.02	0.04	0.05	0.06	0.12	0.11	0.06	0.05	—
	0.70	0.54	0.82	0.86	0.82	0.86	0.88	0.84	0.83	—
	1.31	0.25	1.34	2.53	1.91	0.25	1.51	2.21	1.39	—
	0.54	-0.32	-0.05	2.11	0.97	0.75	0.86	0.12	1.58	—
	0.01	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.55	-0.32	-0.05	2.11	0.97	0.75	0.86	0.12	1.58	—
	0.14	0.13	0.00	0.53	0.24	0.50	0.20	0.03	0.41	—
	0.41	-0.19	-0.05	1.58	0.73	0.25	0.66	0.09	1.17	—
	2.01	-0.93	-0.19	7.72	3.56	1.21	3.21	0.44	5.71	—
Key metrics
	1.29	0.24	0.81	3.02	1.85	1.73	1.85	1.02	2.46	—
	14.20%	2.60%	11.10%	20.00%	14.40%	15.40%	19.80%	8.20%	27.50%	—
	4.50%	-2.10%	-0.70%	10.50%	5.70%	2.20%	7.10%	0.70%	13.10%	—
	—	-1.10%	—	7.90%	—	3.50%	—	—	—	—
	-29.30%	-17.90%	-22.20%	21.90%	43.10%	—	—	—	—	—
	-43.80%	-176.00%	-107.60%	1,655.60%	-37.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	40.66	44.40	41.94	—
	0.44	0.58	1.38	—
	41.08	44.98	43.32	—
	38.80	42.26	40.01	—
	22.12	22.28	24.09	—
	1.89	1.86	3.51	—
	6.53	6.51	6.63	—
	0.15	0.18	0.33	—
	2.92	3.03	3.41	—
	5.43	6.02	5.37	—
	2.28	2.71	3.31	—
	0.01	0.00	0.00	—
	2.29	2.71	3.31	—
	0.80	0.64	1.15	—
	1.75	2.08	2.16	—
	8.61	10.16	10.56	—
Key metrics
	5.36	5.92	7.05	—
	13.18%	13.30%	16.80%	—
	4.30%	4.70%	5.20%	—
	—	10.70%	14.50%	—
	-11.22%	5.90%	—	—
	1.16%	-3.70%	—	—
	—	1.66	4.54	—
	—	1.06	2.57	—
	—	0.12	0.06	—
	—	3.00	-0.38	—
	—	66.6	87.3	—
Balance sheet
	—	39.22	45.66	—
	—	16.91	20.72	—
	—	0.18	1.88	—
	—	3.25	4.96	—
	—	8.51	9.55	—
	—	0.42	0.95	—
	—	20.14	22.67	—
	—	3.66	4.48	—
	—	12.18	20.53	—
	—	3.18	1.50	—
	—	3.18	1.50	—
	—	0.00	0.00	—
	—	25.73	23.59	—
Cash flow
	—	2.20	5.56	—
	—	-0.39	1.80	—
	—	-3.50	-5.87	—
	—	0.54	1.02	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -11.22%
Profit YoY (TTM): +1.16%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 55.35%

Quarter	September 2026	June 2026
Promoter %	55.35%	55.35%

Holder	Type	Holding	Previous	Change
AMAR JYOTI UDYOG LIMITED	Promoter Group	15.93%	15.93%	0.00%
BIMAL AGARWAL	Promoter	15.14%	15.14%	0.00%
SHARAD AGARWAL	Promoter	11.84%	11.84%	0.00%
JUGAL KISHORE RAMRICHPAL	Public	4.65%	4.65%	0.00%
RAJ LAXMI AGARWAL	Promoter	3.82%	3.82%	0.00%
FASTSPEED ENTERPRISES PRIVATE LIMITED	Public	3.80%	3.80%	0.00%
JAGMOHAN KHEMANI	Public	3.42%	3.42%	0.00%
MANJU AGARWAL	Promoter	3.30%	3.30%	0.00%
ARUN AGARWAL	Promoter	3.29%	3.29%	0.00%
PAWANSHIV VINTRADE PRIVATE LIMITED	Public	2.49%	2.49%	0.00%
ICHARAJ RETAILS PRIVATE LIMITED	Public	2.48%	2.48%	0.00%
EXPRESS VYAPAAR PRIVATE LIMITED	Public	2.45%	2.45%	0.00%
RITUDHAN TRADELINK PVT. LTD.	Public	2.20%	2.20%	0.00%
ACCAUTO SALES PROMOTION PRIVATE LIMITED	Promoter Group	2.03%	2.03%	0.00%
SANKATHARAN SALES PRIVATE LIMITED	Public	1.96%	1.96%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
MIDWEST ENERGY LIMITED S	3,139	242.00	605.00	1.20%	+1,884.09% TTM	+286.28% TTM	-3.83%
Ramco Industries Ltd	2,669	307.30	7.92	4.70%	+17.34% TTM	+45.76% TTM	-12.38%
Glass Wall Systems (India) Limited	2,154	245.00	—	—	+64.18% FY26	+45.70% FY26	—
ArisInfra Solutions Limited	1,214	148.45	14.67	13.80%	—	—	-10.44%
BIRLANU LIMITED	901	1,194.20	-7.30	-2.70%	+9.17% TTM	-18.19% TTM	-37.16%
Everest Industries Ltd.	718	452.85	37.76	-11.70%	-16.31% TTM	+178.04% TTM	-22.94%
MARBLE CITY INDIA LIMITED S	397	154.90	94.45	13.50%	+4.13% TTM	-33.70% TTM	-1.81%
SAHYADRI INDUSTRIES LTD. S	347	317.45	6.40	10.20%	+19.77% TTM	+193.30% TTM	+20.96%
OM GALAXY LIMITED	290	85.50	18.10 FY26	—	+10.07% FY26	+4.52% FY26	—
Nidhi Granites Limited	228	284.75	27.33	46.60%	+9.73% TTM	+145.29% TTM	-37.92%
Glittek Granites Ltd. S	212	81.60	1,360.00	-3.60%	-63.86% TTM	-99.32% TTM	+641.82%
DIVYASHAKTI LIMITED S	68	65.79	212.23	0.80%	-58.93% TTM	-90.40% TTM	+11.62%
CELLA SPACE LIMITED S	61	30.09	5.71	13.90%	+847.86% TTM	-79.82% TTM	+87.36%
Ravileela Granites Limited S	57	54.00	6.35	42.50%	+39.51% TTM	+593.08% TTM	+17.39%
Associated Ceramics Ltd. S	53	175.00	20.49	10.70%	-11.22% TTM	+1.16% TTM	-18.57%
LERTHAI FINANCE LIMITED S	29	409.00	-68.51	-4.00%	-100.00% TTM	-5,300.00% TTM	-43.19%
Neelkanth Rockminerals ltd. S	28	55.25	95.26	3.90%	—	+11.11% TTM	+172.84%
Jai Mata Glass Ltd. S	26	2.65	-132.50	-11.30%	-69.70% TTM	+64.06% TTM	+39.47%
Shiva Granito Export Limited S	19	14.21	-355.25	1.50%	—	—	+25.86%
Inani Marbles & Industries Ltd. S	17	9.26	115.75	3.20%	-4.64% TTM	+25.00% TTM	-53.23%
Solid Stone Company Ltd.	13	24.32	26.22	10.70%	-13.78% TTM	-39.02% TTM	-29.55%
Triveni Glass Ltd. S	11	8.83	6.59	4.90%	-100.00% TTM	+1,088.24% TTM	-32.80%
Milestone Global Limited	9	17.50	7.89	9.00%	+31.30% TTM	+246.88% TTM	-32.04%
Sashwat Technocrats Limited S	8	276.75	1,203.26	-11.90%	+25.00% TTM	+125.00% TTM	+4.24%
Mayur Floorings Ltd. S	8	15.43	35.88	6.00%	+31.98% TTM	+117.19% TTM	-20.30%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Regulation 74(5) of SEBI (DP) Regulations, 201814 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Reg 30 under SEBI (LODR) Regulations, 20152 Oct 2026 · AGM/EGM / AGM
Evoting Result of the AGM held on 30th September, 20262 Oct 2026 · AGM/EGM / AGM
Proceedings of 56th AGM of Associated Ceramics Limited30 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for AGM to be held on 30.09.20265 Sep 2026 · Company Update / Newspaper Publication
Annual Report for the FY 2025-20264 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of providing e-voting facility to shareholder4 Sep 2026 · Company Update / General
Fixes Book Closure for AGM to be held on 30.09.20264 Sep 2026 · Corp. Action / Book Closure
Outcome of Board Meeting held on 04.09.20264 Sep 2026 · Board Meeting / Outcome of Board Meeting
Associated Ceramics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/09/2026 ,inter alia, to consider and approve i. To fix the day, date, ....1 Sep 2026 · Board Meeting / Board Meeting
Newspaper Publication for Un-audited Financial Result for the quarter ended 30th June, 202617 Aug 2026 · Company Update / Newspaper Publication
Non Applicability of Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended 30th June, 202614 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Results-Financial results for 30th June, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on 14.08.202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
Associated Ceramics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve to consider, approve and ....10 Aug 2026 · Board Meeting / Board Meeting
Voluntary Delisting from The Calcutta Stock Exchange Limited4 Aug 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 201811 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication for Voluntary Delisting of equity shares from The Calcutta Stock Exchange6 Jul 2026 · Company Update / Newspaper Publication
Approval of Voluntary Delisting of Equity Shares of the Company from The Calcutta Stock Exchange Ltd.3 Jul 2026 · Board Meeting / Outcome of Board Meeting
Associated Ceramics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/07/2026 ,inter alia, to consider and approve a) To consider voluntary ....30 Jun 2026 · Board Meeting / Board Meeting
Closure of Trading Window27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for Audited Financial Result for the quarter and year ended 31st March, 20262 Jun 2026 · Company Update / Newspaper Publication
Statement of Deviation & Variation for the half year ended 31st March, 202630 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Appointment of Internal Auditor for the FY 2026-202730 May 2026 · Company Update / General
The Company has not declared the dividend for the FY 2025-202630 May 2026 · Corp Action / Dividend Updates
Results-Financial Results for 31st March, 202630 May 2026 · Result / Financial Results
Outcome of Board Meeting held on 30.05.202630 May 2026 · Board Meeting / Outcome of Board Meeting
Associated Ceramics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Audited Standalone Financial ....25 May 2026 · Board Meeting / Board Meeting
Annual Secretarial Compliance Report for the year ended 31st March, 202622 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Submission under Regulation 74(5) of SEBI (DP) Regulations, 201815 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for Un-audited Financial Statement for the quarter ended 31st December, 202516 Feb 2026 · Company Update / Newspaper Publication
Results-Financial Results for 31st December, 202514 Feb 2026 · Result / Financial Results
Outcome of Board Meeting14 Feb 2026 · Board Meeting / Outcome of Board Meeting
Associated Ceramics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve Un-audited Standalone Financial ....27 Jan 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 201513 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window29 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for Un-audited Financial Result for the half year ended 30th September, 202517 Nov 2025 · Company Update / Newspaper Publication
Appointment of Mr. Umang Agarwal as an Additional Executive Director w.e.f. 14th November, 202514 Nov 2025 · Company Update / Change in Directorate

Board meetings

14 Aug 2026 Board Meeting - Financial Results