Associated Coaters Ltd Stock Price Today (NSE: ASSOCIATED)

Associated Coaters Ltd

87.006.10 (6.55%)
Market Closed

Fundamental Score

...

Associated Coaters Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Associated Coaters Ltd share price today is 87.00, down 6.55% on NSE/BSE as of 19 June 2026. Associated Coaters Ltd (ASSOCIATED) is a Small-cap company in the Other Industrial Products sector with a market capitalisation of 15.10 (Cr). The 52-week high for ASSOCIATED share price is 132.50 and the 52-week low is 79.20. At a P/E ratio of 13.25x, ASSOCIATED is currently trading below its industry average P/E of 28.18x. The company has a Return on Equity (ROE) of 25.12% and a debt-to-equity ratio of 0.01.

Associated Coaters Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
109.95
Low
87.00
Volume
2.0K
Change
-6.90%

Associated Coaters Ltd share price chart: -6.90% return over the past month. 52-week high ₹132.50, 52-week low ₹79.20.

Associated Coaters Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
87.0087.0086.1087.001.50K (Cr)
93.1093.1093.1093.100.00 (Cr)
93.1093.1093.1093.100.00 (Cr)
99.0099.0092.5593.103.00K (Cr)
98.9099.0098.9099.001.00K (Cr)
99.0599.0599.0099.003.50K (Cr)
109.95109.95109.95109.951.00K (Cr)
105.00105.00105.00105.00500.00 (Cr)
97.25105.0097.20105.002.50K (Cr)
100.00107.9991.12107.992.00K (Cr)

Associated Coaters Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
93.1093.1086.1087.00-6.55%
97.25109.9592.5593.10-4.27%
92.40111.0091.12107.99+16.87%
101.90101.9085.5088.00-13.64%
79.20117.9979.20107.26+35.43%
106.00106.0082.5082.50-22.17%
105.95115.40101.35106.15+0.19%
97.40106.6483.59106.64+9.49%
103.80105.9590.7596.45-7.08%
96.07132.5096.07109.25+13.72%
90.6091.5083.0091.50+0.99%
115.55115.5582.0092.35-20.08%

AI Research Briefing

Powered by Gemini · 2026-04-08

Illiquid micro-cap coating play; too small to matter, too risky to hold.

Research Confidence
4.0/10Low
MICRO-CAP DARK HORSEPositive 1M (15.76%), but negative 6M (-14.44%) shows volatility.Cheap relative to industry P/E, but micro-cap discount applies.

WHAT'S HAPPENING NOW

No major catalysts found after live search. Recent news includes broader sector updates and general market analysis, but nothing specific to Associated Coaters in the last 3-4 weeks.

CORE STORY

Micro-cap play on the Indian construction and real estate upswing, specifically riding demand for aluminum extrusion coating services.

Why Now
  • Undervalued relative to peers
  • Strong ROE and ROCE
  • Positive momentum in the last month
Potential Catalysts
  • Significant order wins
  • Expansion into new markets
  • Improved investor sentiment towards micro-caps
Key Risks
  • Extreme illiquidity
  • Micro-cap governance risk
  • Concentrated sector exposure
Institutional Activity

Promoter holding steady at 68.79%. No FII/DII interest suggests limited institutional confidence.

Macro Context

Indian industrial sector faces mixed signals; infrastructure growth is a tailwind, but global economic uncertainty is a headwind.

Cash Flow Quality

Negative free cash flow of ₹-0.83 Cr over the last 5 years is concerning.

3–6 Month Outlook

If real estate continues to boom, Associated Coaters could see further upside. However, any signs of weakness should be taken as an exit signal.

Primary Thesis Risk

Illiquidity can trap you in a falling knife.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

25.12%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

32.62%

Returns generated on total capital deployed

Oper. Profit Margin (5Y Avg)

N/A

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Associated Coaters Ltd Valuation Check

Excellent

Price to Earnings (P/E)

13.25x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

28.18x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

68.79%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

20.00%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

40.27%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.01x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

145.00x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-0.83 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Associated Coaters Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of ASSOCIATED across key market metrics for learning purposes.

Positive Indicators

9 factors identified

Strong Return on Equity (25.12%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (32.62%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 13.25 vs Industry: 28.18)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (20.00%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (40.27%)

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: 0.01)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (145.00x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (68.79%)

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

2 factors identified

Negative Free Cash Flow (₹-0.83 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

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.

Associated Coaters Ltd vs Other Industrial Products Peers

Peer Comparison - Other Industrial Products

Compare Associated Coaters Ltd with 10 other companies in the same sector

11 companies
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
52.7/100
87
₹15.10
13.3
Average
25.12%
Excellent
32.62%
Excellent
0.0
Excellent
0.00%
57.4/100
16687
₹27382.07
435.7
Average
6.07%
Poor
7.74%
Poor
0.1
Excellent
104.86%
Excellent
33.43%
Excellent
0.00%
68.8/100
818
₹24090.31
36.5
Average
20.58%
Excellent
27.33%
Excellent
0.0
Excellent
64.63%
Excellent
12.50%
Good
0.11%
68.2/100
1525
₹10443.26
43.7
Average
28.99%
Excellent
37.98%
Excellent
0.1
Excellent
22.90%
Excellent
15.01%
Excellent
0.17%
69.1/100
7020
₹8708.82
47.4
Average
52.34%
Excellent
70.03%
Excellent
0.0
Excellent
19.74%
Excellent
14.50%
Good
1.15%
Subros Ltd...
SUBROS517168
44.3/100
736
₹5612.56
34.9
Average
14.48%
Average
19.95%
Good
0.0
Excellent
21.52%
Excellent
11.06%
Good
0.30%
43.5/100
1123
₹5068.86
85.8
Average
16.82%
Good
20.75%
Excellent
0.1
Excellent
0.00%
42.9/100
3197
₹3630.28
22.7
Average
2.60%
Poor
6.72%
Poor
0.2
Excellent
8.79%
Good
28.18%
Excellent
0.38%
57.9/100
400
₹3523.38
30.2
Average
8.75%
Poor
12.14%
Average
0.2
Excellent
36.87%
Excellent
9.71%
Good
0.26%
54.1/100
1169
₹1876.18
33.9
Average
13.87%
Average
20.28%
Excellent
0.0
Excellent
21.01%
Excellent
16.36%
Excellent
1.86%
47/100
44
₹1159.10
121.0
Average
5.57%
Poor
8.71%
Poor
0.2
Excellent
19.14%
Excellent
119.49%
Excellent
0.00%

Associated Coaters Ltd Quarterly Performance

Latest quarterly metrics for ASSOCIATED — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

40.27%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

20.00%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Associated Coaters Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for ASSOCIATED — calculated from daily price history

50RSI 14
Neutral — RSI 50

Momentum is balanced — neither overbought nor oversold.

SMA 50
99
▼ Price below SMA 50 — Short-term bearish
SMA 200
101
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
1K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Associated Coaters Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Associated Coaters Ltd (ASSOCIATED) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Associated Coaters Ltd

About ASSOCIATED (Associated Coaters Ltd)

Associated Coaters Ltd is a dynamic force in the specialized coatings sector, delivering advanced surface treatment and finishing solutions for diverse industrial applications. Whi...le rooted in foundational processes like powder coating and pre-treatment, ASSOCIATED transcends mere application. We engineer protective and aesthetic finishes tailored to withstand demanding environments and enhance product lifecycles. Our comprehensive suite of services allows us to cater to varied industries, providing solutions ranging from corrosion resistance to specialized coatings for electrical components and heavy machinery. ASSOCIATED is committed to delivering superior quality through rigorous testing, innovative techniques, and a dedication to exceeding customer expectations. Our expertise extends beyond conventional coatings, with a strong focus on research and development to stay ahead of evolving industry needs. We offer custom solutions and unique applications, providing customers with innovative options to improve the performance and durability of their products. ASSOCIATED invests heavily in state-of-the-art equipment and processes, allowing us to achieve exceptional consistency, precision, and efficiency in every project we undertake. From specialized finishes for aerospace components to robust coatings for the marine industry, our diverse capabilities provide tailored solutions for complex challenges. As a forward-thinking provider, ASSOCIATED is dedicated to sustainable practices and environmental responsibility. We strive to minimize waste, optimize resource utilization, and adhere to strict environmental regulations. Our eco-conscious approach to coating solutions enables our customers to meet their own sustainability goals while benefiting from superior product performance. Through a combination of technical expertise, relentless innovation, and a dedication to sustainability, ASSOCIATED is constantly pushing the boundaries of what is possible in industrial coatings, delivering lasting value to our clients.

Company Details

Symbol:ASSOCIATED
Industry:Other Industrial Products
Sector:Other Industrial Products

Key Leadership

Mr. Jagjit Singh Dhillon
MD, CFO & Director
Mr. Harbhajan Singhthethi
Executive Chairman & Whole-Time Director
Ms. Heenal Hitesh Rathod
Company Secretary & Compliance Officer

ASSOCIATED Share Price: Frequently Asked Questions

What is the current share price of Associated Coaters Ltd?

Associated Coaters Ltd (ASSOCIATED) trades at ₹87.00 on NSE and BSE. Market cap ₹15.10 (Cr). Educational data only.

What is the P/E ratio of Associated Coaters Ltd?

Associated Coaters Ltd has a P/E of 13.25x vs industry average 28.18x.

What is the Bull Run score for Associated Coaters Ltd?

Associated Coaters Ltd has a Bull Run score of 52.7/100 based on 25+ financial parameters.

Does Associated Coaters Ltd pay dividends?

Associated Coaters Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Associated Coaters Ltd?

Associated Coaters Ltd has ROE of 25.12%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Associated Coaters Ltd?

Associated Coaters Ltd has debt-to-equity of 0.01.

Is Associated Coaters Ltd a good investment?

Bull Run gives Associated Coaters Ltd a score of 52.7/100. This is not investment advice — consult a SEBI-registered advisor.