Manoj Ceramic Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹132 Cr
- P/E
- 11.11
- ROE
- 9.87%
- PEG
- 0.24
- Price to sales
- 0.65
- Debt to equity
- 0.54
- 52W high / low
- ₹115 / ₹57.2
- Sales growth (5Y)
- 41.46%
- EBITDA margin
- 12.16%
- Net profit margin
- 5.89%
- Promoter holding
- 53.40%
- Sales (last year)
- ₹201 Cr
Incorporated in 2006, Manoj Ceramic Limited trades in ceramic tiles and tile adhesives under the brand name "MCPL".[1]
Guidance scorecard · Q4 FY26 call
What Manoj Ceramic's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ4 FY26 call
20–40%- The company aims to maintain a CAGR of 25-30% in revenue growth as per management guidance.
- Volume growth targets are aligned with this CAGR, with about 23-24% volume increase achieved recently despite geopolitical challenges.
- Growth drivers include expansion in new product lines such as premium imported marble (Marmi Bella) and customized tiles.
- Expansion of experience centers and retail stores across India to deepen market penetration.
- Strategic focus on scaling exports, especially targeting African regions in the medium term.
- Continued digital transformation and AI-driven customer engagement to boost sales velocity.
- Backward integration with cutting and polishing facility to enhance margins, quality, and execution timelines.
2 more points from Manoj Ceramic's call on revenue
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MarginsQ4 FY26 call
Up 0–2%See what Manoj Ceramic said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company has ongoing and planned capital expenditure (Capex) focused on expansion and technological enhancements.
- Investments include new divisions such as the Italian marble segment with backward integration for cutting and polishing, which has shown good revenue and margin prospects.
- Future announcements regarding Capex and expansions are expected to be made publicly once products and plans are ready.
- The company continues to invest strategically in digital initiatives, AI-enabled customer engagement, and export infrastructure to support growth.
- Capex is directed towards strengthening premium product offerings, retail expansion (experience centers), and backward integration facilities like the Upper Thane cutting and polishing facility.
2 more points from Manoj Ceramic's call on capex
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FundraisingQ4 FY26 call
See what Manoj Ceramic said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- There are references to sustained growth with a projected CAGR of 25-30%.
- The company has increased volumes by approximately 23-24% overall and expects to maintain that pace.
- They have ongoing projects, including service contracts with sustained relationships, indicating some order backlog.
- The export department is operational with new markets opening in regions like Africa, supporting contracts under legal compliance.
2 more points from Manoj Ceramic's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Manoj Ceramic
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Manoj Ceramic
Quarterly Results
Quarter-by-quarter operating performance
Financials of Manoj Ceramic
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 36 | 43 | 74 | 96 | 164 | 201 |
| Expenses + | 31 | 39 | 65 | 81 | 142 | 177 |
| Operating Profit | 4 | 4 | 9 | 14 | 23 | 24 |
| OPM % | 12% | 9% | 12% | 15% | 14% | 12% |
| Other Income + | 2 | 2 | 1 | 1 | 0 | 0 |
| Interest | 5 | 4 | 5 | 7 | 7 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 1 | 5 | 8 | 15 | 16 |
| Tax % | 68% | 24% | 26% | 28% | 29% | 27% |
| Net Profit + | 0 | 1 | 4 | 6 | 11 | 12 |
| EPS in Rs | 5.33 | 63.33 | 245.33 | 7.30 | 9.46 | 8.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Manoj Ceramic
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 8 | 11 | 16 |
| Reserves | 5 | 5 | 9 | 21 | 93 | 122 |
| Borrowings + | 42 | 37 | 53 | 60 | 60 | 71 |
| Other Liabilities + | 13 | 14 | 16 | 16 | 26 | 36 |
| Total Liabilities | 61 | 59 | 79 | 105 | 190 | 246 |
| Fixed Assets + | 1 | 1 | 1 | 1 | 5 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 58 | 58 | 78 | 104 | 185 | 240 |
| Total Assets | 61 | 59 | 79 | 105 | 190 | 246 |
Financials of Manoj Ceramic
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 7 | -10 | -12 | -40 | -35 |
| Cash from Investing Activity + | -1 | 1 | 1 | 1 | -8 | 0 |
| Cash from Financing Activity + | 1 | -9 | 8 | 12 | 58 | 25 |
| Net Cash Flow | 1 | -1 | -1 | 0 | 10 | -9 |
| Free Cash Flow | 1 | 7 | -10 | -13 | -45 | -36 |
| CFO/OP | 22% | 175% | -107% | -67% | -157% | -123% |
Financials of Manoj Ceramic
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 107 | 74 | 169 | 193 | 163 | 114 |
| Inventory Days | 414 | 347 | 140 | 128 | 136 | 135 |
| Days Payable | 187 | 142 | 84 | 59 | 53 | 57 |
| Cash Conversion Cycle | 333 | 279 | 225 | 262 | 246 | 192 |
| Working Capital Days | 192 | 108 | 139 | 185 | 240 | 240 |
| ROCE % | 12% | 18% | 20% | 18% | 13% |
Guidance history
How Manoj Ceramic's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | None planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Manoj Ceramic's management said in earlier quarters
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