Please find enclosed herewith the Press Release titled "Manoj Ceramic Limited Secures Comprehensive Trade Credit Insurance Cover to Strengthen Business Resilience and Drive Growth."
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Manoj Ceramic Ltd (MCPL) has obtained a full Trade Credit Insurance policy covering all its domestic trade receivables, protecting against buyer default and insolvency. The company highlights this as a rare move in India's ceramic sector, saying only a handful of players have insured their entire debtor base. The cover is expected to improve cash flow stability, strengthen credibility with banks and trade partners, and support expansion of its dealer and distribution network. Management also referenced operational global initiatives including a Dubai Display Centre, international subsidiaries in London and the U.S., and partnerships in African markets such as Burundi, Angola, Sudan and Senegal. The company has guided for a consolidated 25-30% CAGR over the next three years.
Positive for shareholders — the insurance cover reduces credit risk and supports faster working capital cycles, which could enable more aggressive domestic and export growth. The forward-looking 25-30% CAGR guidance signals management confidence, though execution on global expansion plans remains a key thing to watch.