Associated Ceramics Ltd Stock Price Today (NSE: ASSOCER)
Fundamental Score
Associated Ceramics Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Associated Ceramics Ltd share price today is ₹180.00, up +0.00% on NSE/BSE as of 21 April 2026. Associated Ceramics Ltd (ASSOCER) is a Small-cap company in the Other Construction Materials sector with a market capitalisation of ₹65.06 (Cr). The 52-week high for ASSOCER share price is ₹264.00 and the 52-week low is ₹140.00. At a P/E ratio of 20.20x, ASSOCER is currently trading below its industry average P/E of 37.66x. The company has a Return on Equity (ROE) of 9.55% and a debt-to-equity ratio of 0.08.
Associated Ceramics Ltd Share Price Chart — NSE/BSE Historical Performance
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Financial Analysis of Associated Ceramics Share Price
In the often overlooked "Other Construction Materials" sub-sector, companies supplying specialized components and materials face a unique challenge: balancing innovation with maintaining consistent quality. This dynamic directly impacts investor confidence and, consequently, the Associated Ceramics share price. This analysis delves into the financial health of Associated Ceramics Ltd, examining key metrics and comparing it to its sector peers. The current Associated Ceramics share price stands at ₹194.0, with a Price-to-Earnings (PE) ratio of 20.2 and a Return on Capital Employed (ROCE) of 10.78%.
A PE ratio of 20.2 suggests that investors are willing to pay ₹20.2 for every rupee of earnings generated by Associated Ceramics. To understand if this is justified, we must consider its sector peers. For instance, comparing Associated Ceramics Ltd with
Solid Stone Company Ltd reveals that while Solid Stone Company Ltd may have a lower PE ratio, the perceived management quality and strategic direction at Associated Ceramics might be viewed more favorably by some investors. Ultimately, perceived management quality is based on secondary research that is impossible to quantify, but this does provide a qualitative insight.The ROCE of 10.78% is a crucial indicator of how effectively Associated Ceramics is utilizing its capital to generate profits. This figure represents the return earned on every rupee invested in the business. While seemingly modest, this ROCE plays a significant role in determining the company's competitive moat. A higher ROCE often implies a stronger ability to reinvest profits at attractive rates, potentially strengthening the company's market position over time. However, sustaining this ROCE in a competitive environment requires continuous innovation and efficient operations.
This analysis forms part of a more extensive 80-parameter fundamental audit of Associated Ceramics Ltd, rigorously verified by Sweta Mishra. The purpose of this audit is to provide a comprehensive assessment of the company's financial stability and long-term prospects. This observational analysis is not intended as a recommendation to buy, sell, or hold shares of Associated Ceramics. The information presented is for informational purposes only, and investors should conduct their own due diligence before making any investment decisions.
Associated Ceramics Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹179.10 | ₹190.00 | ₹179.00 | ₹190.00 | 147.00 (Cr) | |
| ₹165.05 | ₹191.55 | ₹165.00 | ₹191.55 | 38.00 (Cr) | |
| ₹176.60 | ₹176.60 | ₹165.00 | ₹165.05 | 12.00 (Cr) | |
| ₹140.00 | ₹150.00 | ₹140.00 | ₹150.00 | 2.00 (Cr) | |
| ₹172.60 | ₹172.60 | ₹160.00 | ₹170.00 | 262.00 (Cr) | |
| ₹184.55 | ₹184.55 | ₹184.55 | ₹184.55 | 5.00 (Cr) | |
| ₹180.00 | ₹189.05 | ₹180.00 | ₹184.55 | 4.00 (Cr) | |
| ₹170.00 | ₹200.00 | ₹170.00 | ₹190.00 | 107.00 (Cr) | |
| ₹186.80 | ₹186.80 | ₹171.10 | ₹176.10 | 28.00 (Cr) | |
| ₹199.80 | ₹199.80 | ₹190.00 | ₹199.75 | 13.00 (Cr) |
Associated Ceramics Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹179.10 | ₹190.00 | ₹179.00 | ₹190.00 | +6.09% | |
| ₹180.50 | ₹208.90 | ₹140.00 | ₹191.55 | +6.12% | |
| ₹197.90 | ₹235.00 | ₹170.65 | ₹192.00 | -2.98% | |
| ₹216.00 | ₹221.15 | ₹175.80 | ₹180.10 | -16.62% | |
| ₹234.80 | ₹234.80 | ₹180.25 | ₹216.00 | -8.01% | |
| ₹199.00 | ₹244.00 | ₹193.45 | ₹216.50 | +8.79% | |
| ₹235.00 | ₹239.25 | ₹177.10 | ₹211.70 | -9.91% | |
| ₹220.00 | ₹246.80 | ₹218.50 | ₹234.80 | +6.73% | |
| ₹241.70 | ₹250.95 | ₹209.95 | ₹230.55 | -4.61% | |
| ₹198.25 | ₹251.00 | ₹182.50 | ₹236.95 | +19.52% | |
| ₹245.00 | ₹256.90 | ₹197.70 | ₹200.20 | -18.29% | |
| ₹239.40 | ₹264.00 | ₹185.80 | ₹257.60 | +7.60% |
AI Research Briefing
Powered by Gemini · 2026-04-15
Micro-cap construction play with deteriorating financials and high cyclical risk; avoid until clear signs of turnaround.
⚡WHAT'S HAPPENING NOW (last 2-4 weeks):
Associated Ceramics' share price closed at ₹175.00 on April 13, 2026, down 4.89% from its previous close. The stock's 52-week high is ₹264.00 and the 52-week low is ₹140.00.
�� CORE STORY (THE REAL GAME):
Associated Ceramics is a play on the cyclical nature of the construction and infrastructure sectors in India, manufacturing and selling refractory products. It's a small player attempting to capitalize on the broader construction upswing, but faces stiff competition and inherent SME risks.
- Housing sector showing strong tailwinds
- Infrastructure development initiatives
- Shift towards premium housing
- Significant order wins in refractory products
- Government infrastructure spending announcements
- Turnaround in quarterly financial performance
- Micro/SME cap: liquidity risk
- Q3 FY26 net profit fell 106.06% YoY
- Cyclical industry: vulnerable to economic downturns
No FII/DII activity reported. Promoter holding stable at 55.34%.
India's building materials sector is positioned for potential sustained growth, supported by urbanization and infrastructure development.
Free Cash Flow 5Y: ₹15.53 Cr - Profit converting to cash, but needs to be monitored.
Dependent on sustained growth in construction and infrastructure. Monitor quarterly results for signs of turnaround. 3-6 month thesis: Avoid until clearer growth trajectory.
Primary Thesis Risk
Cyclical downturn and poor Q3 performance could crush the stock.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Associated Ceramics Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Shareholding Pattern
Promoter
FII
DII
Pledged
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Associated Ceramics Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of ASSOCER across key market metrics for learning purposes.
Positive Indicators
7 factors identified
Attractive Valuation (P/E: 20.20 vs Industry: 37.66)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (1655.56%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (21.91%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Conservative Debt Levels (D/E: 0.08)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (14.76x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (55.34%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
5 factors identified
Below-Average Return on Equity (9.55%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Limited Growth History (4.36% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Weak Earnings Growth (-7.82% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (-7.82% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Peer Comparison - Other Construction Materials
Compare Associated Ceramics Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Associated Ceramics LtdAssociated Cera...Selected✓ ASSOCER • 531168 | 51/100 | ₹180.00₹180 | ₹65.06₹65.06 | 20.20Average 20.2 Average | 9.55%Poor 9.55% Poor | 10.78%Average 10.78% Average | 0.08Excellent 0.1 Excellent | -7.82%Poor -7.82% Poor | 4.36%Average 4.36% Average | 0.00% |
Midwest Gold LimitedMidwest Gold Li... MIDWEST • 526570 | 2/100 | ₹4179.00₹4179 | ₹4333.22₹4333.22 | 0.00Average 0.0 Average | 0.00%Poor 0.00% Poor | 0.00%Poor 0.00% Poor | 1.89Average 1.9 Average | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Ramco Industries LtdRamco Industrie... RAMCOIND • 532369 | 45.7/100 | ₹275.51₹276 | ₹2843.18₹2843.18 | 12.31Average 12.3 Average | 4.37%Poor 4.37% Poor | 0.00%Poor 0.00% Poor | 0.04Excellent 0.0 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
ArisInfra Solutions LimitedArisInfra Solut... ARISINFRA • 544419 | 25.2/100 | ₹103.08₹103 | ₹1074.98₹1074.98 | 60.29Average 60.3 Average | 1.48%Poor 1.48% Poor | 0.00%Poor 0.00% Poor | 0.08Excellent 0.1 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Everest Industries LtdEverest Industr... EVERESTIND • 508906 | 8.5/100 | ₹393.50₹394 | ₹821.18₹821.18 | 0.00Average 0.0 Average | -1.10%Poor -1.10% Poor | 0.00%Poor 0.00% Poor | 0.54Good 0.5 Good | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
VISHNUSURYA PROJECVISHNUSURYA PRO... VISHNUINFR • | 33.3/100 | ₹167.15₹167 | ₹406.30₹406.30 | 13.24Average 13.2 Average | 0.00%Poor 0.00% Poor | 0.00%Poor 0.00% Poor | 0.42Excellent 0.4 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Nidhi Granites LtdNidhi Granites ... NIDHGRN • 512103 | 11.5/100 | ₹308.00₹308 | ₹330.32₹330.32 | 92.01Average 92.0 Average | 14.01%Average 14.01% Average | 0.00%Poor 0.00% Poor | 0.11Excellent 0.1 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Marble City India LtdMarble City Ind... MARBLE • 531281 | 15/100 | ₹101.90₹102 | ₹317.56₹317.56 | 66.44Average 66.4 Average | 0.00%Poor 0.00% Poor | 0.00%Poor 0.00% Poor | 1.62Average 1.6 Average | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Sahyadri Industries LtdSahyadri Indust... SAHYADRI • 532841 | 49.3/100 | ₹241.88₹242 | ₹278.03₹278.03 | 15.02Average 15.0 Average | 5.27%Poor 5.27% Poor | 0.00%Poor 0.00% Poor | 0.09Excellent 0.1 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Divyashakti LimitedDivyashakti Lim... DIVSHKT • 526315 | 22.9/100 | ₹55.89₹56 | ₹56.07₹56.07 | 21.65Average 21.6 Average | 1.58%Poor 1.58% Poor | 0.00%Poor 0.00% Poor | 0.00Excellent 0.0 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Ravi Leela Granites LtdRavi Leela Gran... RALEGRA • 526095 | 40.4/100 | ₹39.00₹39 | ₹48.18₹48.18 | 12.26Average 12.3 Average | -23.28%Poor -23.28% Poor | 0.00%Poor 0.00% Poor | 2.73Poor 2.7 Poor | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Associated Ceramics Ltd Financial Statements
Comprehensive financial data for Associated Ceramics Ltd including income statement, balance sheet and cash flow
About ASSOCER (Associated Ceramics Ltd)
Associated Ceramics Ltd is a cornerstone of the Indian construction materials sector, specializing in the production of high-performance ceramic solutions for demanding industrial ...applications. With decades of experience, ASSOCER is a renowned manufacturer of advanced refractory products, engineered to withstand extreme temperatures and corrosive environments. Our commitment to innovation ensures that we consistently deliver materials that meet the evolving needs of industries such as steel, cement, and power generation. Beyond refractories, ASSOCER actively engages in the sourcing and distribution of essential minerals and mineral products, playing a crucial role in the supply chain for various manufacturing processes. We strive to provide quality material for our customers. ASSOCER's operations extend beyond ceramic manufacturing to include strategic involvement in the wider construction materials market. We actively participate in the trade of cements, lime, and stone, essential components in building and infrastructure development. This diversified approach allows ASSOCER to contribute to a broad spectrum of construction projects, from residential buildings to large-scale industrial complexes. Our commitment to quality and reliability is underpinned by rigorous testing and adherence to industry standards. By combining our expertise in ceramics with a comprehensive understanding of construction materials, ASSOCER provides comprehensive solutions for its clients. We pride ourselves in maintaining a strong commitment to customer satisfaction and environmental sustainability, ensuring we remain a responsible and reliable partner in the construction industry. Founded in 1970 and headquartered in Kolkata, India, Associated Ceramics Ltd has established a lasting legacy of quality, reliability, and innovation. We constantly strive to improve the products we offer. Our longstanding presence in the Indian market is a testament to our enduring commitment to serving our customers. We constantly adapt to meet the changing needs of industries across the nation. With a focus on continuous improvement and a deep understanding of our customers' needs, ASSOCER is positioned to remain a key player in the Indian construction materials landscape for years to come. As we move forward, we remain committed to our core values and vision for providing innovative solutions.
Company Details
Key Leadership
Corporate Events
Latest News
ASSOCER Share Price: Frequently Asked Questions
What is the current share price of Associated Ceramics Ltd?
As of 21 Apr 2026, 08:11 am IST, Associated Ceramics Ltd share price is ₹180.00. The Associated Ceramics Ltd stock has a market capitalisation of ₹65.06 (Cr) on NSE/BSE.
Is Associated Ceramics Ltd share price Overvalued or Undervalued?
Associated Ceramics Ltd share price is currently trading at a P/E ratio of 20.20x, compared to the industry average of 37.66x. Based on this relative valuation, the Associated Ceramics Ltd stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of Associated Ceramics Ltd share price?
The 52-week high of Associated Ceramics Ltd share price is ₹264.00 and the 52-week low is ₹140.00. These values are updated daily from NSE/BSE price data.
What factors affect the Associated Ceramics Ltd share price?
Key factors influencing Associated Ceramics Ltd share price include quarterly earnings growth (Sales Growth: 21.91%), raw material costs, government spending, and institutional flows (FII/DII holding).
Is Associated Ceramics Ltd a good stock for long-term investment?
Associated Ceramics Ltd shows a 5-year Profit Growth of -7.82% and an ROE of 9.55%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.08 before investing in Associated Ceramics Ltd shares.
How does Associated Ceramics Ltd compare with its industry peers?
Associated Ceramics Ltd competes with major peers in the Other Construction Materials. Investors should compare Associated Ceramics Ltd share price P/E of 20.20x and ROE of 9.55% against the industry averages to determine competitive standing.
What is the P/E ratio of Associated Ceramics Ltd and what does it mean?
Associated Ceramics Ltd share price has a P/E ratio of 20.20x compared to the industry average of 37.66x. Investors pay ₹20 for every ₹1 of annual earnings.
How is Associated Ceramics Ltd performing according to Bull Run's analysis?
Associated Ceramics Ltd has a Bull Run fundamental score of 51/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does Associated Ceramics Ltd belong to?
Associated Ceramics Ltd operates in the Other Construction Materials industry. This classification helps understand the competitive landscape and sector-specific trends affecting Associated Ceramics Ltd share price.
What is Return on Equity (ROE) and why is it important for ASSOCER?
ASSOCER has an ROE of 9.55%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Associated Ceramics Ltd generates profits from shareholders capital.
How is ASSOCER debt-to-equity ratio and what does it indicate?
ASSOCER has a debt-to-equity ratio of 0.08, which indicates conservative financing with low financial risk.
What is ASSOCER dividend yield and is it a good dividend stock?
ASSOCER offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Associated Ceramics Ltd shares.
How has ASSOCER share price grown over the past 5 years?
ASSOCER has achieved 5-year growth rates of: Sales Growth 4.36%, Profit Growth -7.82%, and EPS Growth -7.82%.
What is the promoter holding in ASSOCER and why does it matter?
Promoters hold 55.34% of ASSOCER shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Associated Ceramics Ltd.
What is ASSOCER market capitalisation category?
ASSOCER has a market capitalisation of ₹65 crores, placing it in the Small-cap category.
How volatile is ASSOCER stock?
ASSOCER has a beta of N/A. A beta > 1 suggests the Associated Ceramics Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is ASSOCER operating profit margin trend?
ASSOCER has a 5-year average Operating Profit Margin (OPM) of 13.95%, indicating the company's operational efficiency.
How is ASSOCER quarterly performance?
Recent quarterly performance shows Associated Ceramics Ltd YoY Sales Growth of 21.91% and YoY Profit Growth of 1655.56%.
What is the institutional holding pattern in ASSOCER?
ASSOCER has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Associated Ceramics Ltd stock.