Murudeshwar Ceramics Limited (MURUDCERA) AI Stock Analysis

Murudeshwar Ceramics Limited

(NSE:MURUDCERA)

Select Model

Rating:62Neutral

Price Target:INR 28.00▲(5.62% Upside)

Action:reiterated

Date:08/30/26

The overall score reflects moderate financial strength driven by a solid turnaround, growing equity base, and manageable leverage, tempered by recent margin deterioration and inconsistent cash flow conversion. Secondary influences are neutral technicals with higher volatility and a fairly average valuation, which neither strongly enhances nor undermines the investment case.

Positive Factors

Restored ProfitabilityThe recovery from the 2021 loss to profitability, with net margins around 5% in 2025–2026, indicates the tile business has regained a stable earnings base. Continued positive earnings can support reinvestment and resilience, although the margin level remains moderate.

Negative Factors

Weak Cash GenerationDeclining operating cash flow and negative free cash flow indicate that reported profitability is not converting reliably into cash. This can reduce flexibility to fund plant investment, working-capital needs, or shareholder returns without relying more heavily on external financing.

Murudeshwar Ceramics Limited (MURUDCERA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.60B
Dividend Yield: 1.92%
Average Volume (3M): 2,140
Price to Earnings (P/E): 16.1
Beta (1Y): 1.61
Revenue Growth: 1.89%
EPS Growth: -0.78%
Country: India
Employees: 321
Sector: General
Sector Strength: 55
Industry: Construction Materials

Murudeshwar Ceramics Limited Business Overview & Revenue Model

Company Description

Murudeshwar Ceramics Ltd. manufactures and trades in ceramic and vitrified floor and wall tiles in India, the Americas, Europe, and internationally. The company offers wall tiles, such as bathroom, kitchen, and outdoor tiles; digital wall tiles; and...

How the Company Makes Money

Murudeshwar Ceramics Limited primarily makes money by manufacturing ceramic tiles and selling them to customers in the construction and home-improvement markets. Revenue is generated from (1) sale of ceramic tile products through a dealer/distributor...

Murudeshwar Ceramics Limited Financial Statement Overview

Summary

Financials show a clear turnaround to consistent profitability and strong revenue growth, supported by a conservative balance sheet with moderate leverage and rising equity, but recent margin compression and weak, volatile cash conversion limit the score.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.09B	2.05B	2.03B	1.86B	1.72B	1.23B
Gross Profit	654.60M	398.42M	430.48M	1.30B	1.27B	853.42M
EBITDA	353.15M	314.84M	395.05M	331.01M	318.32M	268.68M
Net Income	96.80M	108.00M	98.40M	51.28M	68.58M	21.47M
Balance Sheet
Total Assets	0	6.16B	5.70B	5.48B	5.41B	4.76B
Cash, Cash Equivalents and Short-Term Investments	60.52M	60.52M	24.43M	12.49M	17.38M	60.47M
Total Debt	0	1.43B	1.08B	1.23B	1.20B	911.97M
Total Liabilities	-3.80B	2.36B	1.98B	1.83B	1.87B	1.36B
Stockholders Equity	3.80B	3.80B	3.72B	3.66B	3.54B	3.40B
Cash Flow
Free Cash Flow	-103.45M	-292.25M	-100.87M	213.88M	-397.12M	137.78M
Operating Cash Flow	86.30M	132.58M	192.52M	309.58M	426.59M	231.41M
Investing Cash Flow	-188.15M	-420.17M	-250.54M	-50.37M	-816.58M	-129.23M
Financing Cash Flow	147.56M	323.69M	-61.45M	-132.69M	346.90M	-75.76M

Murudeshwar Ceramics Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price26.51

Price Trends

50DMA28.66Negative

100DMA30.02Negative

200DMA31.18Negative

Market Momentum

MACD-0.71Positive

RSI42.32Neutral

STOCH28.05Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MURUDCERA, the sentiment is Negative. The current price of 26.51 is below the 20-day moving average (MA) of 27.17, below the 50-day MA of 28.66, and below the 200-day MA of 31.18, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 42.32 is Neutral, neither overbought nor oversold. The STOCH value of 28.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MURUDCERA.

Murudeshwar Ceramics Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MURUDCERA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KAJARIACER	70Outperform	INR 174.30B	29.23	―	1.62%	14.20%	66.86%
IN:SOMANYCERA	68Neutral	INR 22.30B	20.93	―	1.11%	9.32%	82.85%
IN:MURUDCERA	62Neutral	INR 1.57B	16.14	―	1.92%	1.89%	-0.78%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ORIENTBELL	55Neutral	INR 5.10B	24.07	―	0.29%	13.22%	387.47%
IN:ASIANTILES	54Neutral	INR 13.59B	60.37	―	―	18.50%	-67.27%
IN:NITCO	49Neutral	INR 17.32B	-57.89	―	―	28.75%	98.71%

* General Sector Average

Performance Comparison

IN:MURUDCERA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MURUDCERA	Murudeshwar Ceramics Limited	26.00	-17.16	-39.76%
IN:ASIANTILES	Asian Granito India Limited	45.85	-21.31	-31.73%
IN:KAJARIACER	Kajaria Ceramics Limited	1109.15	-39.83	-3.47%
IN:NITCO	Nitco Limited	71.99	-28.81	-28.58%
IN:ORIENTBELL	Orient Bell Limited	346.05	53.78	18.40%
IN:SOMANYCERA	Somany Ceramics Limited	543.65	104.11	23.69%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 30, 2026

Murudeshwar Ceramics Limited AI Stock Analysis