Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹82.90, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 30x in the Building industry in India. Total loss to shareholders of 61% over the past year. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹9.41 (vs ₹11.91 in FY 2025) Full year 2026 results: EPS: ₹9.41. Revenue: ₹2.03b (up 24% from FY 2025). Net income: ₹120.1m (up 10% from FY 2025). Profit margin: 5.9% (down from 6.6% in FY 2025). The decrease in margin was driven by higher expenses. New Risk • May 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹947.2m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (₹947.2m market cap, or US$9.78m). Announcement • May 19
Manoj Ceramic Limited to Report Second Half, 2026 Results on May 25, 2026 Manoj Ceramic Limited announced that they will report second half, 2026 results on May 25, 2026 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹82.00, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 27x in the Building industry in India. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹60.00, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 23x in the Building industry in India. Total loss to shareholders of 60% over the past year. New Risk • Mar 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹863.5m (US$9.23m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (₹863.5m market cap, or US$9.23m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.4% average weekly change). High level of non-cash earnings (54% accrual ratio). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₹1.23b market cap, or US$13.6m). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹86.09, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 27x in the Building industry in India. Total loss to shareholders of 53% over the past year. Reported Earnings • Nov 17
First half 2026 earnings released: EPS: ₹4.96 (vs ₹5.12 in 1H 2025) First half 2026 results: EPS: ₹4.96. Revenue: ₹821.8m (up 24% from 1H 2025). Net income: ₹58.7m (up 38% from 1H 2025). Profit margin: 7.1% (up from 6.4% in 1H 2025). The increase in margin was driven by higher revenue. Announcement • Nov 08
Manoj Ceramic Limited to Report Q2, 2026 Results on Nov 14, 2025 Manoj Ceramic Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹99.70, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 31x in the Building industry in India. Total loss to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹123, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 31x in the Building industry in India. Total returns to shareholders of 5.4% over the past year. Reported Earnings • Sep 09
Full year 2025 earnings released: EPS: ₹11.91 (vs ₹12.15 in FY 2024) Full year 2025 results: EPS: ₹11.91. Revenue: ₹1.64b (up 72% from FY 2024). Net income: ₹109.1m (up 104% from FY 2024). Profit margin: 6.6% (up from 5.6% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Sep 04
Manoj Ceramic Limited, Annual General Meeting, Sep 29, 2025 Manoj Ceramic Limited, Annual General Meeting, Sep 29, 2025, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹116, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 29x in the Building industry in India. Total returns to shareholders of 5.8% over the past year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹165, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 27x in the Building industry in India. Total returns to shareholders of 23% over the past year. New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (46% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹2.08b market cap, or US$24.3m). Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹11.91 (vs ₹6.41 in FY 2024) Full year 2025 results: EPS: ₹11.91 (up from ₹6.41 in FY 2024). Revenue: ₹1.64b (up 72% from FY 2024). Net income: ₹109.1m (up 104% from FY 2024). Profit margin: 6.6% (up from 5.6% in FY 2024). The increase in margin was driven by higher revenue. Announcement • May 14
Manoj Ceramic Limited to Report Second Half, 2025 Results on May 22, 2025 Manoj Ceramic Limited announced that they will report second half, 2025 results on May 22, 2025 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹162, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 28x in the Building industry in India. Total returns to shareholders of 16% over the past year. New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹1.76b market cap, or US$20.7m). New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (₹1.68b market cap, or US$19.6m). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹191, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 26x in the Building industry in India. Total returns to shareholders of 39% over the past year. New Risk • Feb 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹2.27b market cap, or US$25.9m). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹214, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 33x in the Building industry in India. Announcement • Nov 06
Manoj Ceramic Limited to Report First Half, 2025 Results on Nov 13, 2024 Manoj Ceramic Limited announced that they will report first half, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹195, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 31x in the Building industry in India. Announcement • Oct 18
Manoj Ceramic Limited Announces Appointment of Swati Jain as Company Secretary and Compliance Officer Manoj Ceramic Limited at its board meeting held on approved Ms. Swati Jain appointed as Company Secretary and Compliance Officer of the Company with effect from 18th October,2023. Ms. Swati Jain is an associate member of Institute of Company Secretaries of India. She has worked in different domains and with various companies. She has experience of 5 years in the field of secretarial matters. She has achieved professional excellence and expertise in her work. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹149, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 29x in the Building industry in India. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹134, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 31x in the Building industry in India. Announcement • Sep 10
Manoj Ceramic Limited, Annual General Meeting, Sep 30, 2024 Manoj Ceramic Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Reported Earnings • Sep 06
Full year 2024 earnings released Full year 2024 results: Revenue: ₹969.1m (up 32% from FY 2023). Net income: ₹53.4m (up 47% from FY 2023). Profit margin: 5.5% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Aug 31
Manoj Ceramic Limited Announces Resignation of Krupa Thakkar as Company Secretary and Compliance Officer Manoj Ceramic Limited announced the resignation of Krupa Thakkar as Company Secretary and Compliance Officer the Company vide her letter dated 30th August, 2024 and will be relieved from the services of the Company with immediate effect. The resignation is due to personal reasons. New Risk • Aug 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (₹893.8m market cap, or US$10.6m). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹126, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 31x in the Building industry in India. Announcement • May 23
Manoj Ceramic Limited to Report Q4, 2024 Results on May 30, 2024 Manoj Ceramic Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹152, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 34x in the Building industry in India. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹125, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 34x in the Building industry in India. New Risk • Mar 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹817.1m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (30% accrual ratio). Market cap is less than US$10m (₹817.1m market cap, or US$9.82m). Minor Risk Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (₹892.6m market cap, or US$10.8m). Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹139, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 33x in the Building industry in India. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹106, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 34x in the Building industry in India.