Manoj Ceramic FY26 PAT rises 10% to ₹12.01 crore
Manoj Ceramic Limited reported a 10.08% increase in consolidated net profit to ₹12.01 crore for FY26, with revenue growing 23.43% to ₹202.99 crore. The company improved its working capital cycle to 178 days and significantly reduced long-term debt to ₹13.89 crore. Strategic initiatives included the launch of a Dubai Display Centre and the operationalization of the Upper Thane Cutting & Polishing Facility.
*this image is generated using AI for illustrative purposes only.
Manoj Ceramic Limited reported a consolidated net profit of ₹12.01 crore for the financial year ended March 31, 2026, an increase of 10.08% from ₹10.91 crore in the previous year. Consolidated revenue from operations rose 23.43% to ₹202.99 crore, up from ₹164.47 crore in FY25. The company’s working capital cycle improved by approximately 23% year-on-year to 178 days from 231 days in FY25, reflecting enhanced cash conversion efficiency. Long-term debt reduced significantly from ₹28.98 crore to ₹13.89 crore during the year, underscoring stronger financial discipline and capital efficiency.
The Board of Directors approved the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026. The statutory auditor, Chhogmal & Co., provided an audit report with an unmodified opinion. The company’s total expenses for the year increased, driven by operational expansion and inventory buildup to support business scale-up.
Operational and Strategic Highlights
During FY26, Manoj Ceramic expanded its domestic and international footprint through the launch of a Dubai Display Centre and strengthened export operations across Africa, GCC, UK, and U.S. markets. The company accelerated its digital transformation initiatives through an AI-powered MCPL Studio and CRM integration. Operationally, the company strengthened backward integration via the operationalization of its Upper Thane Cutting & Polishing Facility and expanded warehouse infrastructure. The management attributed the performance to retail expansion, premium product diversification, and technology-led customer engagement.
Financial Performance
The company reported growth in profitability despite a slight dip in EBITDA margins during the second half. Trade receivables reduced to ₹62.16 crore from ₹72.61 crore, while inventories increased to ₹62.35 crore to support premium product expansion. For H2 FY26, revenue stood at ₹120.55 crore compared to ₹97.96 crore in H2 FY25, while PAT for the half year was ₹6.14 crore, a decrease of 7.46% from ₹6.64 crore in the corresponding previous period.
| Particulars (₹ Crs) | FY25 | FY26 | Y-o-Y Change (%) |
|---|---|---|---|
| Total Revenue | 164.47 | 202.99 | ↑ 23.43 |
| EBITDA | 22.85 | 24.88 | ↑ 8.90 |
| PAT | 10.91 | 12.01 | ↑ 10.08 |
Capital Allocation
The board disclosed a utilization certificate for the preferential issue of share warrants. The net proceeds received amounted to ₹3,815.70 lakh. The company utilized ₹2,715.24 lakh for working capital requirements and business expansion, and ₹1,100.00 lakh for general corporate purposes.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0A6N01026/73285947-5d47-4650-be47-cafae77701dd.pdf
Historical Stock Returns for Manoj Ceramic
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.13% | +55.33% | +2.48% | -45.10% | +35.49% |
How will the recent inventory buildup impact the company's working capital requirements and cash flow in the coming quarters?
What are the revenue contribution targets for the newly launched Dubai Display Centre and expanded export markets over the next fiscal year?
Will the reduction in long-term debt enable the company to pursue further inorganic growth opportunities or increase shareholder returns?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
