Please find enclosed herewith the Press Release titled " Manoj Ceramic Limited Commences Operations of Cutting & Polishing Machinery for Natural & Artificial Stones, Strengthening Backward ....
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Manoj Ceramic Ltd (MCPL) has started operations of a new in-house Cutting & Polishing machinery unit at its Upper Thane store, marking a key step in its backward integration. The facility can process marbles, granites, quartz stones and large-format tiles, including 15mm full-body slab tiles, 20mm quartz stones, and slabs up to 12 feet in length. Processing of Indian marbles and granites, which was previously outsourced, will now be done internally, reducing third-party dependence. The move shifts MCPL from a trading and design-driven model toward a partial manufacturing-led one, with management targeting 25-30% revenue CAGR over the next 3 years and improved EBITDA margins through cost savings and premium value-added services.
The backward integration should boost gross margins by eliminating external processing and logistics costs, while opening new B2B and export revenue streams through value-added offerings. Investors may view this positively as a credible step toward the company's 25-30% revenue growth target, though actual financial impact will depend on capacity utilization and demand pickup.