Associated Ceramics Ltd
Associated Ceramics Ltd (ASSOCER) last reported results for the quarter ended Jun 2026, with sales of ₹9.06 crore and net profit of ₹0.41 crore. The stock last traded at ₹157, a market capitalisation of ₹32.1 crore, on a P/E of 18.4. Over the past 52 weeks the stock has ranged between ₹140 and ₹244. Figures are as of 6 Oct 2026 and are not real time.
Associated Ceramics Ltd share price and key metrics
- Current price
- ₹157
- Market cap
- ₹32.1 cr
- Stock P/E
- 18.4
- Book value
- ₹126
- ROE
- 8.44%
- ROCE
- 9.83%
- Dividend yield
- 0.00%
- 52w high / low
- 244/140
Metrics as of 6 Oct 2026. Not real time.
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Associated Ceramics Ltd growth and returns
- 10 Years
- 6%
- 5 Years
- 7%
- 3 Years
- -7%
- TTM
- -11%
- 10 Years
- 16%
- 5 Years
- -14%
- 3 Years
- -23%
- TTM
- 1%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -13%
- 1 Year
- -34%
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 7%
- Last Year
- 8%
Associated Ceramics Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹9.06 cr, down 29.3% from ₹12.81 cr a year earlier. Net profit was ₹0.41 cr, down 43.8% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 12.37 | 9.35 | 11.27 | 12.81 | 15.08 | 7.27 | 9.25 | 9.06 |
| Expenses | 11.37 | 7.52 | 10.86 | 11.13 | 12.25 | 6.5 | 9.2 | 7.81 |
| Operating profit | 1 | 1.83 | 0.41 | 1.68 | 2.83 | 0.77 | 0.05 | 1.25 |
| OPM % | 8.08% | 19.57% | 3.64% | 13.11% | 18.77% | 10.59% | 0.54% | 13.80% |
| Other income | 0.03 | 0.02 | 1.32 | 0.17 | 0.18 | 0.04 | 0.19 | 0.04 |
| Interest | 0.06 | 0.11 | 0.12 | 0.06 | 0.05 | 0.04 | 0.02 | 0.04 |
| Depreciation | 0.84 | 0.88 | 0.86 | 0.82 | 0.86 | 0.82 | 0.54 | 0.7 |
| Profit before tax | 0.13 | 0.86 | 0.75 | 0.97 | 2.1 | -0.05 | -0.32 | 0.55 |
| Tax % | 23.08% | 23.26% | 66.67% | 25.77% | 25.24% | -20.00% | -40.62% | 25.45% |
| Net profit | 0.09 | 0.66 | 0.25 | 0.73 | 1.58 | -0.04 | -0.19 | 0.41 |
| EPS (₹) | 0.44 | 3.23 | 1.22 | 3.57 | 7.73 | -0.20 | -0.93 | 2.01 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Associated Ceramics Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.52 | 16.74 | 27.38 | 33.79 | 31.25 | 38.37 | 55.8 | 40.54 | 41.83 | 44.4 | 40.66 |
| Operating profit | -1.19 | -0.17 | 3.21 | 4.23 | 4.58 | 6.09 | 7.64 | 4.95 | 5.73 | 5.35 | 4.9 |
| OPM % | -6.10% | -1.02% | 11.72% | 12.52% | 14.66% | 15.87% | 13.69% | 12.21% | 13.70% | 12.05% | 12.05% |
| Net profit | -3.16 | -2 | 1.88 | 3.26 | 4.54 | 4.18 | 4.58 | 0.86 | 2.16 | 2.08 | 1.76 |
| EPS (₹) | -10.52 | -6.66 | 6.26 | 10.85 | 15.11 | 20.44 | 22.40 | 4.21 | 10.56 | 10.17 | 8.61 |
TTM is the trailing twelve months to the most recent quarter.
Associated Ceramics Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 |
| Reserves | 9.66 | 7.65 | 9.53 | 12.79 | 17.32 | 21.49 | 18.33 | 19.18 | 21.30 | 23.45 |
| Borrowings | 13.79 | 12.02 | 3.50 | 5.77 | 7.55 | 5.14 | 16.07 | 16.76 | 6.50 | 3.18 |
| Other liabilities | 7.36 | 5.30 | 8.86 | 7.46 | 4.47 | 4.67 | 10.63 | 9.32 | 15.57 | 10.31 |
| Total liabilities | 33.09 | 27.25 | 24.17 | 28.30 | 31.62 | 33.58 | 47.31 | 47.54 | 45.65 | 39.22 |
| Fixed assets | 12.66 | 11.12 | 10.14 | 9.74 | 10.77 | 10.95 | 25.29 | 25.07 | 22.67 | 20.14 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.59 | 0.56 | 0.99 | 0.66 | 1.37 | 1.69 | 1.55 | 1.80 | 2.27 | 2.17 |
| Other assets | 19.84 | 15.57 | 13.04 | 17.90 | 19.48 | 16.84 | 20.47 | 20.67 | 20.71 | 16.91 |
| Total assets | 33.09 | 27.25 | 24.17 | 28.30 | 31.62 | 33.58 | 47.31 | 47.54 | 45.65 | 39.22 |
As reported by the company. Total assets equal total liabilities by construction.
Associated Ceramics Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0.00 | 3.53 | 9.01 | -0.39 | 0.18 | 8.38 | 8.62 | 16.39 | 5.56 | 2.20 |
| Cash from investing | 0.00 | -0.01 | -0.29 | -0.85 | -2.15 | -5.33 | -11.78 | -7.29 | 1.80 | -0.39 |
| Cash from financing | 0.00 | -3.16 | -8.96 | 1.87 | 1.55 | -2.50 | 2.84 | -9.38 | -5.87 | -3.50 |
| Net cash flow | 0.00 | 0.36 | -0.25 | 0.63 | -0.42 | 0.54 | -0.31 | -0.28 | 1.49 | -1.69 |
| Free cash flow | 0.00 | 3.50 | 8.66 | -1.25 | -1.98 | 3.10 | -3.19 | 13.05 | 4.55 | 1.67 |
| CFO / operating profit | 0% | -2,076% | 304% | -9% | 4% | 152% | 129% | 355% | 112% | 54% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Associated Ceramics Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -9.37% | -4.03% | 12.88% | 20.36% | 17.96% | 19.62% | 20.31% | 5.69% | 10.78% | 9.83% |
| Debtor days | 121.92 | 124.07 | 37.33 | 51.63 | 91.92 | 29.30 | 38.99 | 54.47 | 43.28 | 26.72 |
| Inventory days | 253.16 | 331.45 | 207.83 | 166.51 | 163.69 | 246.15 | 145.79 | 145.43 | 189.34 | 117.08 |
| Days payable | 113.88 | 123.58 | 113.31 | 51.59 | 54.62 | 60.57 | 68.85 | 72.51 | 88.82 | 50.35 |
| Cash conversion cycle | 261.20 | 331.94 | 131.84 | 166.55 | 200.99 | 214.88 | 115.93 | 127.39 | 143.80 | 93.44 |
| Working capital days | 77.79 | 70.86 | 40.26 | 69.02 | 108.04 | 77.81 | 20.41 | -80.76 | -30.54 | 19.98 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Associated Ceramics Ltd shareholding pattern
Promoters held 55.35% at Jun 2026, broadly unchanged since Jun 2025.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 55.35% | 55.35% | 55.35% | 55.35% | 55.35% | 55.35% | 55.35% | 55.35% |
| Public | 44.66% | 44.67% | 44.67% | 44.67% | 44.66% | 44.66% | 44.66% | 44.66% |
| No. of shareholders | 1,498 | 1,537 | 1,530 | 1,519 | 1,504 | 1,500 | 1,492 | 1,492 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Associated Ceramics Ltd corporate filings
- Associated Ceramics Limited appoints Mr. Umang Agarwal as Executive Director for a five-year term, with managerial remuneration revision approved in the 56th AGM.AGM/EGMlow impact
Cruxal's analysis: Associated Ceramics Limited announced the appointment of Mr. Umang Agarwal (DIN…
Read the full analysis - Associated Ceramics Limited's AGM results confirm strong shareholder approval for key resolutions, including adoption of FY2025-26 financials and director re-appointments, with high voting margins. The company’s e-voting data shows near-unanimous support (over 99.99%) for all resolutions, indicating stable investor confidence. The approval of managerial remuneration revision and director re-appointments suggests no immediate governance concerns, while the shareholder turnout and voting patterns reflect active engagement. Overall, these developments are neutral to slightly positive for investor sentiment, with no significant re-rating signals but reaffirmed corporate governance and strategic continuity.AGM/EGMmedium impact
Cruxal's analysis: Associated Ceramics Limited held its 56th AGM on September 30, 2026, with resolutions…
Read the full analysis - Associated Ceramics Limited conducts 56th AGM; no financial disclosures or strategic updates providedAGM/EGMlow impact
Cruxal's analysis: Associated Ceramics Limited held its 56th Annual General Meeting on September 30, 2026…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Associated Ceramics Limited Announces 56th Annual General Meeting and Book Closure DatesCompany Updatelow impact
Cruxal's analysis: Associated Ceramics Limited has issued a formal notice regarding its 56th Annual General…
Read the full analysis - Associated Ceramics Limited announces 56th Annual General Meeting and Book Closure datesCorp. Actionlow impact
Cruxal's analysis: Associated Ceramics Limited has formally notified the BSE regarding its 56th Annual…
Read the full analysis - Associated Ceramics Limited Announces 56th AGM and Appointment of Executive DirectorBoard Meetinglow impact
Cruxal's analysis: Associated Ceramics Limited has scheduled its 56th Annual General Meeting for September…
Read the full analysis - Associated Ceramics Limited schedules Board Meeting for 4th September 2026 to finalize AGM logisticsBoard Meetinglow impact
Cruxal's analysis: Associated Ceramics Limited has issued a formal intimation under SEBI Regulation 29…
Read the full analysis - Associated Ceramics Limited Reports Q1 FY2027 Financial Results: Return to ProfitabilityCompany Updatelow impact
Cruxal's analysis: Associated Ceramics Limited has released its unaudited standalone financial results for…
Read the full analysis - Associated Ceramics Ltd confirms non-applicability of Regulation 32 for Q1 FY2027Company Updatelow impact
Cruxal's analysis: Associated Ceramics Ltd has formally declared that Regulation 32 of the SEBI (LODR)…
Read the full analysis - Associated Ceramics Limited reports Q1 FY27 results with net profit of 41.09 lakh, reflecting a decline from the previous yearResultmedium impact
Cruxal's analysis: Associated Ceramics Limited reported revenue from operations of 9.06 crore for the…
Read the full analysis - Associated Ceramics Limited schedules Board Meeting for June 2026 quarterly resultsBoard Meetinglow impact
Cruxal's analysis: Associated Ceramics Limited has issued a formal intimation regarding a Board of Directors…
Read the full analysis - Associated Ceramics Ltd announces voluntary delisting from Calcutta Stock ExchangeCompany Updatelow impact
Cruxal's analysis: Associated Ceramics Ltd has formally intimated the voluntary delisting of its equity…
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