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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Murudeshwar Ceramics Limited is an India-based company that is primarily engaged in the manufacturing and trading of ceramic and vitrified floor and wall tiles. The Company’s business segments include Sale of Products and Sale of Services. The Company’s products are branded…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, steadily growing business, trading cheap versus its own history — but flagged on governance.
MURUDESHWAR CERAMICS is scored on the general / industrial framework. It keeps a slim 5.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.14× reported profit. Free cash flow is worth about -11.4% of its market value.
Over the last 3 years revenue compounded at 7%/yr and profit at 20%/yr. Book value has been broadly flat (2.4%/yr). Return on equity is a weak 2.8%. In the latest quarter profit fell 44% versus the prior quarter.
At 16× earnings, the stock sits at the 4th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The forensic screen raises a red flag: 70% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 17.69 | — | — |
| P/B | 0.45 | 2.28 | better |
| EV/EBITDA | 7.23 | — | — |
| ROE | 2.84 | 14.42 | worse |
| ROCE | 4.96 | — | — |
| ROA | 1.64 | 3.08 | worse |
| Quick Ratio | 0.55 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Kajaria Ceramics | 30.7 | 6.2 | 20.1% |
| Cera Sanitaryware | 24.9 | 4.6 | 18.2% |
| Varmora Granito | 30.5 | 2.6 | 9.2% |
Revenue has grown every year across all 4 financial years shown. 7% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Profit is growing faster than revenue (19% vs 7%) — margin expansion is at work.
Operating margin has expanded from 4% to 6% — the business is keeping more of each rupee earned.
ROE at 3% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (19% vs 17%) — share dilution is eroding per-share value. 17% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 24% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 12% above earlier ones.
Profit fell 44% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (7% → 2%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 73.9% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.