ASSOCER share price, P/E, ROE & financials

As of 6 Nov 2026, Associated Ceramics trades at 20.3× trailing earnings, below the industry P/E of 27.3×, and the shares are 28% below their 52-week high. It earns ROCE of 11% and ROE of 8.4%, and sales and net profit fell 7.5% and 23% a year over 3 years. It is a small-cap company with a market cap of ₹36 Cr, ranked 47th of 58 Building Materials companies by market cap; the shares fell 19% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹175.00
Day high: ₹175.00
Day low: ₹175.00
Prev. close: ₹175.00
Volume: 1

Health check

1 good · 3 fair · 2 to check

ReturnsIn line
−18.6% over a year, better than 3 of 7 peers.
Price tagCheaper
P/E 20.3 vs industry 27.3.
GrowthShrinking
Sales −7.5%, profit −23.1% a year over 3 years.
ProfitabilityAverage
ROCE 10.7% vs peer median 10.2%.
Balance sheetFair
Piotroski 7 of 9.
Red flags2 to check
Quarterly profit down 43.6% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹36 Cr, #47 of 58 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹44 Cr · profit ₹2 Cr

Market cap: ₹36 Cr; Small cap
P/E: 20.3; Industry 27.3
Price to book: n/a; Peers 2.12
Dividend yield: 0.00%
ROE: 8.4%; Peers 4.9%
ROCE: 10.7%; Peers 10.2%
Debt to equity: n/a
EPS (TTM): ₹8.61
OPM (TTM): 12.1%; Net margin 0.0%
Sales growth: −29.3%; Latest quarter vs a year ago
Profit growth: −43.6%; Latest quarter vs a year ago
Price to sales: 0.81

Strengths

P/E of 20.3 against an industry P/E of 27.3.
Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly profit down 43.6% on a year ago.
Quarterly sales down 29.3% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Associated Ceramics

Associated Ceramics Limited manufactures and sells refractory products in India. It is also involved in the potter activities; sell and purchase of minerals and mineral products; and deals in cements, lime, and stone. The company was incorporated in 1970 and is based in Kolkata, India.

Headquarters: Kolkata
Sector: Basic Materials
ISIN: INE771E01010
Website: associatedceremics.com

Price range

52 weeks

₹140.00₹244.00

Today

₹175.00₹175.00

Avg volume (3M): 66
1-year return: minus 18.6%
From 52-week high: minus 28.3%

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	16.5%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
ASSOCERAssociated Ceramics	175.00	0.00%	36	20.3	6.3	10.7%	12.1%	–	−7.5%	minus 18.6%
Median of 7 peers	–	0.67%	90,563	41.6	16.8	10.2%	15.8%	0.38	11.9%	−9.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
12.8	15.1	7.3	9.2	9.1
11.1	12.2	6.5	9.2	7.8
1.7	2.8	0.8	0.1	1.3
13.1%	18.8%	10.6%	0.6%	13.8%
0.2	0.2	0	0.2	0
0.1	0	0	0	0
0.8	0.9	0.8	0.5	0.7
–	–	–	–	0
1	2.1	−0.1	−0.3	0.5
25.2%	25.2%	25.1%	39.8%	25.2%
0.7	1.6	−0	−0.2	0.4
3.56	7.72	-0.19	-0.93	2.01

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −7.5%
Profit CAGR 3Y: −23.1%
EPS CAGR 3Y: −23.1%
ROE: 8.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
55.6	40.4	41.9	44
–	minus 27.3%	+3.7%	+5.1%
47.3	35.2	35.6	38.3
8.2	5.2	6.3	5.8
14.8%	12.8%	15.0%	13.1%
0	0.2	0.3	0.1
0.4	0.4	0.3	0.2
1.6	3.6	3.4	3
−0.1	0.3	0.5	0
6.2	1.7	3.3	2.7
25.8%	50.3%	34.7%	23.5%
4.6	0.9	2.2	2.1
–	minus 81.3%	+152.0%	minus 3.8%
22.38	4.19	10.56	10.16

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2.3	2.3	2.3	2.3
18.3	19.2	21.3	23.4
6.3	7	1.5	3.2
20.4	19	20.6	10.3
47.3	47.5	45.7	39.2
25.3	25.1	22.7	20.1
1.5	1.8	2.3	2.2
1	4.7	3.7	2.5
19.5	16	17	14.4
47.3	47.5	45.7	39.2

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8.6	16.4	5.6	2.2
−11.8	−7.3	1.8	−0.4
2.8	−9.4	−5.9	−3.5
−0.3	−0.3	1.5	−1.7
−15.9	−3.3	−1	−0.6
−7.3	13	4.5	1.6

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you