Associated Ceramics quarterly results and financials

Associated Ceramics (BSE 531168)₹181.90+3.94%(9 Nov 2026 close)Other Construction Materials

Key facts

In the Mar 2026 quarter (standalone), Associated Ceramics reported sales of ₹9.23 Cr, down 18.0% from Mar 2025, and net profit of −₹0.20 Cr, down 176.9% year on year. For the year to Mar 2026, sales were ₹44.31 Cr and net profit ₹2.09 Cr.

Sales (Mar 2026): ₹9.23 Cr
Net profit (Mar 2026): −₹0.20 Cr
Sales (FY Mar 2026): ₹44.31 Cr
Net profit (FY Mar 2026): ₹2.09 Cr
EPS (Mar 2026): ₹−0.92
Borrowings (Mar 2026): ₹3.17 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Associated Ceramics quarterly results

₹ crore unless stated; each column is a quarter.

Associated Ceramics Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	7.97	9.12	13.30	10.12	8.94	12.35	9.33	11.25	12.79	15.07	7.26	9.23
Expenses	7.96	6.60	11.30	9.75	6.49	11.36	7.51	10.85	11.12	12.24	6.49	9.19
Operating Profit	0.03	2.53	2.00	0.38	2.46	1.01	1.84	0.42	1.67	2.84	0.78	0.06
OPM %	0.3%	27.6%	14.9%	3.6%	27.3%	8.0%	19.5%	3.6%	13.1%	18.7%	10.5%	0.5%
Other Income	0.12	0.07	0.07	0.44	0.00	0.02	0.01	1.31	0.16	0.17	0.03	0.18
Interest	0.05	0.06	0.13	0.15	0.06	0.07	0.12	0.13	0.07	0.06	0.05	0.03
Depreciation	0.58	1.22	0.96	0.76	0.82	0.83	0.87	0.85	0.81	0.85	0.81	0.53
Profit before tax	−0.49	1.33	0.99	−0.10	1.59	0.14	0.87	0.76	0.98	2.11	−0.06	−0.33
Tax %	−25.0%	25.7%	25.5%	444.4%	25.9%	23.1%	23.2%	66.6%	25.7%	25.2%	−20.1%	−40.7%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−0.36	0.99	0.73	−0.50	1.18	0.10	0.67	0.26	0.74	1.59	−0.05	−0.20
EPS (Rs)	−1.70	4.78	3.51	−2.39	5.71	0.43	3.22	1.21	3.56	7.71	−0.19	−0.92

Associated Ceramics profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Associated Ceramics Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	25.05	19.49	16.72	27.36	33.72	31.18	38.34	55.73	40.49	41.77	44.31	44.35
Expenses	22.90	20.69	16.89	24.14	29.55	26.66	32.27	48.08	35.56	36.08	39.02	39.04
Operating Profit	2.15	−1.20	−0.16	3.22	4.24	4.59	6.08	7.65	4.96	5.74	5.36	5.35
OPM %	8.5%	−6.1%	−1.0%	11.6%	12.5%	14.6%	15.8%	13.6%	12.1%	13.7%	12.0%	12.1%
Other Income	0.07	0.36	0.69	0.29	0.74	0.96	0.36	0.60	0.73	1.36	0.57	0.54
Interest	0.46	1.10	0.90	0.48	0.42	0.23	0.13	0.52	0.42	0.39	0.19	0.21
Depreciation	1.08	1.78	1.55	1.32	1.26	1.12	0.98	1.56	3.55	3.40	3.02	3.00
Profit before tax	0.69	−3.71	−1.93	1.72	3.31	4.21	5.36	6.18	1.73	3.32	2.73	2.70
Tax %	239.7%	−14.1%	4.2%	−10.6%	1.5%	−7.9%	21.6%	25.7%	50.6%	34.7%	23.5%	—
Exceptional items	−0.03	−0.02	−0.08	−0.23	0.04	0.12	−0.03	0.02	0.00	0.02	0.00	0.00
Net Profit	−0.95	−3.17	−2.01	1.89	3.27	4.55	4.19	4.60	0.87	2.17	2.09	2.08
EPS (Rs)	−3.12	−10.50	−6.64	6.25	10.84	15.09	20.40	22.36	4.20	10.55	10.15	10.16
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Associated Ceramics balance sheet

₹ crore, at each year end.

Associated Ceramics Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2.29	2.29	2.29	2.29	2.29	2.29	2.29	2.29	2.29	2.29	2.29	2.29
Reserves	14.38	13.40	9.67	7.66	9.54	12.80	17.34	21.51	18.35	19.19	21.31	23.48
Borrowings	4.98	14.08	13.77	12.01	3.49	5.76	7.55	5.14	16.06	16.77	6.49	3.17
Other Liabilities	7.98	7.78	7.40	5.32	8.88	7.48	4.49	4.69	10.68	9.37	15.64	10.35
Total Liabilities	29.63	37.55	33.13	27.28	24.20	28.33	31.67	33.63	47.38	47.62	45.73	39.29
Fixed Assets	5.51	13.80	12.71	11.16	10.17	9.78	10.82	10.99	25.37	25.17	22.75	20.21
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.11	0.00	0.00	0.00	0.00
Investments	0.26	0.26	0.60	0.57	1.00	0.67	1.38	1.70	1.56	1.81	2.28	2.18
Other Assets	23.86	23.49	19.82	15.55	13.03	17.88	19.47	16.83	20.45	20.64	20.70	16.90
Inventories	15.61	16.88	11.19	8.12	7.98	10.39	9.46	10.79	11.19	7.12	9.58	8.53
Trade receivables	3.35	4.09	6.54	5.71	2.81	4.79	7.89	3.09	5.98	6.06	4.97	3.26
Cash & equivalents	2.09	0.38	0.11	0.47	0.23	0.86	0.44	1.07	0.76	4.65	3.68	2.29
Total Assets	29.63	37.55	33.13	27.28	24.20	28.33	31.67	33.63	47.38	47.62	45.73	39.29

Associated Ceramics cash flow

₹ crore, for each year.

Associated Ceramics Cash flow
	Mar 2015	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.75	3.54	9.02	−0.40	0.19	8.39	8.63	16.42	5.57	2.21
Cash from investing activity	−0.69	−0.02	−0.30	−0.86	−2.16	−5.34	−11.80	−7.31	1.81	−0.40
Cash from financing activity	1.99	−3.15	−8.94	1.86	1.54	−2.49	2.83	−9.36	−5.86	−3.49
Net cash flow	0.60	0.35	−0.24	0.62	−0.41	0.53	−0.30	−0.27	1.48	−1.68
Capex	0.61	0.04	0.36	0.87	2.17	5.65	15.96	3.35	1.03	0.56
Free cash flow	−1.35	3.51	8.68	−1.26	−1.99	3.11	−3.20	13.07	4.56	1.68
CFO / OP %	−72.1%	−2,076.1%	303.9%	−9.1%	4.0%	151.9%	128.9%	355.0%	111.9%	53.9%

Associated Ceramics ratios

Working-capital days and returns, by year.

Associated Ceramics Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	73	59	122	124	37	52	92	29	39	54	43	27
Inventory days	607	317	254	332	209	168	165	247	147	146	190	118
Days payable	127	96	114	124	113	52	55	61	69	73	89	50
Cash conversion cycle	552	280	261	332	132	167	201	215	116	127	144	93
Working capital days	237	120	78	71	40	69	108	78	20	−81	−31	20
ROCE %	—	4.3%	−9.4%	−4.1%	12.9%	20.3%	17.9%	19.6%	20.2%	5.7%	10.7%	9.8%

Associated Ceramics: frequently asked questions

What are the latest quarterly results of Associated Ceramics?

For the Mar 2026 quarter, Associated Ceramics reported sales of ₹9.23 Cr, down 18.0% year on year and net profit of −₹0.20 Cr, down 176.9% year on year. The operating margin was 0.5%.

What is the annual revenue of Associated Ceramics?

Associated Ceramics' sales for the year to Mar 2026 were ₹44.31 Cr; over the last twelve months they were ₹44.35 Cr.

What is the net profit of Associated Ceramics?

Net profit for the year to Mar 2026 was ₹2.09 Cr, and ₹2.08 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.16.

How much debt does Associated Ceramics have?

Associated Ceramics reported borrowings of ₹3.17 Cr at Mar 2026, against cash and equivalents of ₹2.29 Cr.

What is the free cash flow of Associated Ceramics?

Cash from operations was ₹2.21 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.68 Cr.

Loading…