ASSOCIATED CERAMICS LTD.
Latest filings
- Routine RTA certificate for Q2 FY26 dematerialisation compliance · Compliance
- AGM approves executive director Umang Agarwal and director pay revision · Management Changes
- AGM e-voting results: all 4 resolutions passed · Board & Shareholder Meetings
Snapshot
What the business is, and whether it's a good one at a fair price.
Manufactures refractory items — heat-resistant ceramic products used in industrial furnaces, kilns and other high-temperature applications — at a plant in Chirkunda, Dhanbad. The Refractory Items segment generated ₹43.86 crore in FY26, accounting for essentially all of the ₹44.4 crore in total revenue, with a small Solar Energy segment contributing a marginal additional amount. Segment-level results in FY26 were mixed: Refractory Items posted an EBIT loss of ₹0.40 crore even as the overall company earned a net profit of ₹2.08 crore, while Solar Energy delivered a small EBIT profit of ₹0.10 crore. Quarterly refractory revenue fluctuates — Q1 FY26 at ₹12.57 crore, Q2 at ₹15.08 crore, Q3 at ₹7.11 crore and Q4 at ₹9.09 crore — and the segment swung to a quarterly loss in Q3 and Q4. Raw materials are the largest cost at 50.2% of revenue, followed by employee costs at 14.7% and other operating expenses at 13.6%, with capex running at 1.2% of revenue. EBITDA margin was 13.3% in FY26, and the board did not declare a dividend.
Scorecard
Measured from the filed financials, judged against its Other Construction Materials peers · as of FY26 — not investment advice
Strengths
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Price
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Peers
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Financials
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Ownership
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Common questions
Answered from ASSOCIATED CERAMICS LTD.'s filed financials and exchange disclosures
What does ASSOCIATED CERAMICS LTD. do?
ASSOCIATED CERAMICS LTD. is a Other Construction Materials company listed on BSE.
Is ASSOCIATED CERAMICS LTD. profitable?
Yes. Over the trailing twelve months ASSOCIATED CERAMICS LTD. reported a net profit of ₹1.75 Cr on revenue of ₹41 Cr.
Does ASSOCIATED CERAMICS LTD. pay a dividend?
Not in the latest reported year — ASSOCIATED CERAMICS LTD.'s dividend payout for FY26 was nil.
Is ASSOCIATED CERAMICS LTD. debt-free?
No. It reported borrowings of ₹3.18 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹2.99 Cr after cash. Debt stands at 0.12× equity. That is higher than 53% of its 20 Other Construction Materials peers.
Is ASSOCIATED CERAMICS LTD. expensive compared with its peers?
On trailing P/E, ASSOCIATED CERAMICS LTD. ranks 8 of 17 in Other Construction Materials — cheaper than 56% of them, against an industry median of 27.1×. This is a position, not a valuation judgement.
How much does the ASSOCIATED CERAMICS LTD. share price move in a day?
On a typical session ASSOCIATED CERAMICS LTD. moves 2.51% — that is the median absolute close-to-close move across its last 216 trading days. MarketPing measures each filing's price reaction against it.
Where can I track ASSOCIATED CERAMICS LTD.'s announcements?
Every NSE and BSE filing by ASSOCIATED CERAMICS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.