Associated Ceramics Ltd.
BSE: ASSOCER · Other Construction Materials
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Snapshot
Unlock Associated Ceramics Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Associated Ceramics Limited manufactures and markets a diverse range of refractory products, including high alumina bricks, fireclay bricks, and castables. The company provides essential heat-resistant solutions for high-temperature industrial processes in sectors such as steel, cement, and glass.
Business Model
The company generates revenue by supplying industrial consumables to both public and private sector clients across India. Its business model relies on the consistent demand for refractory materials used in the maintenance and operation of industrial furnaces and kilns.
Growth Outlook
Growth is primarily driven by the ongoing expansion of core industrial sectors like steel and cement, which require continuous refractory replenishment. The company leverages its long-standing domestic presence to maintain its position within the industrial consumables market.
Key Risks
- Cyclicality of Core Industries. The company's performance is highly dependent on the capital expenditure cycles of the steel, cement, and glass industries.
- Raw Material Price Volatility. Fluctuations in the costs of raw materials used in refractory manufacturing can significantly impact profit margins.
- Intense Market Competition. The refractory industry is highly competitive, with pressure from both large domestic players and low-cost imports.
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Key Metrics
REVENUE
₹44 Cr
TTM · standalone
NET PROFIT
₹3 Cr
TTM · standalone
EPS
₹12.40
TTM · standalone
RETURN ON EQUITY
10.6%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
14.1%
TTM · standalone
P/E
13.1x
Q4 FY26 · standalone
EV/EBITDA
5.6x
Q4 FY26 · standalone
EBITDA MARGIN
15.0%
TTM · standalone
NET PROFIT MARGIN
2.1%
Q4 FY26 · standalone
DEBT TO EQUITY
0.1x
Q4 FY26 · standalone
Peers · Other Construction Materials
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Associated Ceramics Ltd.ASSOCER | ₹48 Cr | 12.82 | 7.64 | 5.9% | 15.0% | 10.6% | 14.1% | -31.0% |
Midwest Energy LimitedMIDWEST | ₹4,831 Cr | — | — | — | 27.0% | — | — | +93.4% |
Ramco Industries LimitedRAMCOIND | ₹2,915 Cr | 8.88 | 10.41 | 13.8% | 15.3% | 7.5% | 5.9% | +9.6% |
Arisinfra Solutions LimitedARIS | ₹1,237 Cr | 17.72 | 9.42 | — | 11.0% | 15.5% | 23.8% | — |
Everest Industries LimitedEVERESTIND | ₹689 Cr | -550.32 | 1227.41 | -20.5% | 0.0% | -0.2% | 5.0% | -35.0% |
As of Q4 FY26
Financials
Associated Ceramics Ltd.
BSE: ASSOCER · Other Construction Materials
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Associated Ceramics Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Associated Ceramics Limited manufactures and markets a diverse range of refractory products, including high alumina bricks, fireclay bricks, and castables. The company provides essential heat-resistant solutions for high-temperature industrial processes in sectors such as steel, cement, and glass.
Business Model
The company generates revenue by supplying industrial consumables to both public and private sector clients across India. Its business model relies on the consistent demand for refractory materials used in the maintenance and operation of industrial furnaces and kilns.
Growth Outlook
Growth is primarily driven by the ongoing expansion of core industrial sectors like steel and cement, which require continuous refractory replenishment. The company leverages its long-standing domestic presence to maintain its position within the industrial consumables market.
Key Risks
- Cyclicality of Core Industries. The company's performance is highly dependent on the capital expenditure cycles of the steel, cement, and glass industries.
- Raw Material Price Volatility. Fluctuations in the costs of raw materials used in refractory manufacturing can significantly impact profit margins.
- Intense Market Competition. The refractory industry is highly competitive, with pressure from both large domestic players and low-cost imports.
Start your research today
Unlock AI insights, financials, peers and live data on Associated Ceramics Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹44 Cr
TTM · standalone
NET PROFIT
₹3 Cr
TTM · standalone
EPS
₹12.40
TTM · standalone
RETURN ON EQUITY
10.6%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
14.1%
TTM · standalone
P/E
13.1x
Q4 FY26 · standalone
EV/EBITDA
5.6x
Q4 FY26 · standalone
EBITDA MARGIN
15.0%
TTM · standalone
NET PROFIT MARGIN
2.1%
Q4 FY26 · standalone
DEBT TO EQUITY
0.1x
Q4 FY26 · standalone
Peers · Other Construction Materials
As of Q4 FY26