Associated Ceramics Ltd - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L26919WB1970PLC027835 Incorporated 28 September 1970 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - BSE: 531168 Public Limited Company manufacturing
Data last updated
Market Cap
₹30.51 Cr
ASSOCER · BSE
Share Price
₹147.00
-1.47% today
Revenue
₹44.40 Cr
FY 2025-26 · +5.9% YoY
EBITDA
₹5.35 Cr
Margin 12.1%
Net Profit
₹2.08 Cr
FY 2025-26 · -3.3% YoY
P/E (TTM)
18.3x
P/B 1.3x
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹2.04 Cr
Issued & subscribed

About Associated Ceramics Ltd

Data last updated:

Associated Ceramics Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 28 September 1970 and has been in existence for over 56 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L26919WB1970PLC027835. The company has 1 GST registration on record, which is no longer active. Its shares are listed on BSE: 531168.

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹2.04 Cr. It was formerly known as Associated Ceramics Pvt Ltd. It is led by directors including Arun Agarwal (Managing Director) and Sharad Agarwal.

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 17 Ganesh Chandra Avenue4Th Floor, Kolkata, West Bengal, India – 700013.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹44.4 Cr, a growth of 5.9% compared to the previous year. For the same year it recorded a net profit of ₹2.08 Cr (net margin 4.7%) and EBITDA of ₹5.35 Cr (EBITDA margin 12%).

The company has about 103 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Associated Ceramics Limited and Associated Ceramics. As per MCA filings, the company has open charges of ₹17.02 Cr and satisfied charges of ₹29.41 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 7 filed against it; 3 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website associatedceremics.com.

Company Details of Associated Ceramics Ltd
CIN L26919WB1970PLC027835
Registration Number 027835
Incorporation Date 28 September 1970
ROC Kolkata
Listing Status Listed (BSE: 531168)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    17 Ganesh Chandra Avenue4Th Floor, Kolkata, West Bengal, India – 700013
  • Industry
    Manufacturing, Construction Materials
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Financials, compliance, directors, charges, ownership and filings for Associated Ceramics Ltd in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Associated Ceramics Ltd

The main business activity of Associated Ceramics is mining and quarrying. In detail, this covers other mining & quarrying activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
BMining and quarryingB4Other Mining & Quarrying ActivitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Financials of Associated Ceramics Ltd FY 2025-26 filings available

Associated Ceramics Ltd reported revenue of ₹44.4 Cr (up 5.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹44.40 Cr
+5.9% YoY
EBITDA
₹5.35 Cr
-6.6% YoY
Profit After Tax
₹2.08 Cr
-3.3% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue44.4041.9440.5555.8038.3731.2533.79
Revenue growth+5.9%+3.4%-27.3%+45.4%+22.8%-7.5%-
EBITDA5.355.734.957.646.054.594.23
EBITDA margin+12.1%+13.7%+12.2%+13.7%+15.8%+14.7%+12.5%
Profit before tax2.723.311.726.175.344.213.30
Net profit2.082.150.854.574.204.433.22
Net profit margin+4.7%+5.1%+2.1%+8.2%+11.0%+14.2%+9.5%
EPS (₹)10.169.453.7520.0318.3219.8614.25
Balance sheet
Total assets-30.5838.6336.6728.9227.1520.85
Net worth-23.5821.4630.3325.7521.5817.05
Total debt-6.5016.766.353.165.573.79
Cash & bank-3.694.660.771.080.450.87
Net working capital-6.6812.4510.2412.4315.2811.07
Cash flow
Cash from operations-5.5616.398.628.380.18(0.39)
Cash from investing-1.80(7.29)(11.78)(5.33)(2.15)(0.85)
Cash from financing-(5.87)(9.38)2.84(2.50)1.551.87
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9.069.257.2715.0812.8111.279.3512.37
Revenue growth (YoY)-29.3%-17.9%-22.3%+21.9%+43.1%---
Other income0.040.190.040.180.171.320.020.03
Total expenses7.819.196.4912.2411.1310.867.5311.37
EBITDA1.250.060.782.841.680.411.821.00
EBITDA margin+13.8%+0.6%+10.7%+18.8%+13.1%+3.6%+19.5%+8.1%
Depreciation0.700.540.820.860.820.860.880.84
Interest0.040.020.040.050.060.120.110.06
Profit before tax0.55(0.31)(0.04)2.110.970.750.850.13
Tax0.14(0.13)(0.01)0.530.250.500.200.03

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9.069.257.2715.0812.8111.279.3512.37
Revenue growth (YoY)-29.3%-17.9%-22.3%+21.9%+43.1%---
Other income0.040.190.040.180.171.320.020.03
Total expenses7.819.196.4912.2411.1310.867.5311.37
EBITDA1.250.060.782.841.680.411.821.00
EBITDA margin+13.8%+0.6%+10.7%+18.8%+13.1%+3.6%+19.5%+8.1%
Depreciation0.700.540.820.860.820.860.880.84
Interest0.040.020.040.050.060.120.110.06
Profit before tax0.55(0.31)(0.04)2.110.970.750.850.13
Tax0.14(0.13)(0.01)0.530.250.500.200.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue44.4041.9440.5555.8038.3731.2533.79
Revenue growth+5.9%+3.4%-27.3%+45.4%+22.8%-7.5%-
Other income0.581.370.740.610.400.970.75
Total expenses39.0536.2135.6048.1632.3226.6629.56
Employee cost0.005.135.494.593.902.732.63
EBITDA5.355.734.957.646.054.594.23
EBITDA margin+12.1%+13.7%+12.2%+13.7%+15.8%+14.7%+12.5%
Depreciation3.033.413.561.570.991.131.27
Interest0.180.380.410.510.120.220.41
Profit before tax2.723.311.726.175.344.213.30
Tax0.641.150.871.591.16(0.33)0.05
Net profit2.082.150.854.574.204.433.22
Net profit margin+4.7%+5.1%+2.1%+8.2%+11.0%+14.2%+9.5%
EPS (₹)10.169.453.7520.0318.3219.8614.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-2.282.2812.004.264.264.26
Reserves & surplus-21.3019.1818.3321.4917.3212.79
Shareholders' funds (net worth)-23.5821.4630.3325.7521.5817.05
Secured loans-5.0012.761.843.162.530.28
Unsecured loans-1.504.004.510.003.043.51
Total debt-6.5016.766.353.165.573.79
Total liabilities-30.5838.6336.6728.9227.1520.85
Assets
Gross block-45.5344.5141.1725.3326.5624.40
Net block-22.6825.0725.2910.9510.779.74
Capital work in progress-0.000.000.004.100.000.00
Investments-2.271.801.551.691.370.66
Inventories-9.557.1011.1610.779.4410.36
Sundry debtors-4.966.055.963.087.874.78
Cash & bank balances-3.694.660.771.080.450.87
Loans & advances-2.522.852.591.911.731.88
Total current assets-20.7220.6620.4816.8419.4917.89
Total current liabilities-14.048.2110.244.414.216.82
Net working capital-6.6812.4510.2412.4315.2811.07
Total assets-30.5838.6336.6728.9227.1520.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-0.390.670.980.430.850.22
Net cash from operating activities-5.5616.398.628.380.18(0.39)
Net cash from investing activities-1.80(7.29)(11.78)(5.33)(2.15)(0.85)
Net cash from financing activities-(5.87)(9.38)2.84(2.50)1.551.87
Net change in cash-1.49(0.28)(0.31)0.54(0.42)0.63
Closing cash-3.694.660.771.080.450.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.9%+3.4%-27.3%+45.4%+22.8%-7.5%-
EBITDA growth-6.6%+15.8%-35.2%+26.3%+31.8%+8.5%-
PBT growth-17.8%+92.4%-72.1%+15.5%+26.8%+27.6%+90.8%
Net income growth-3.3%+152.9%-81.4%+8.8%-5.2%+37.6%-
Revenue CAGR (3Y)-7.3%+3.0%+9.1%+18.2%+11.9%+23.1%+20.1%
EBITDA CAGR (3Y)-11.2%-1.8%+2.6%+21.8%+33.0%--
Profitability & leverage
Net income margin+4.7%+5.2%+2.1%+8.2%+10.9%+14.5%+9.6%
Return on capital employed-+10.7%+5.7%+20.4%+19.5%+18.4%+20.6%
Return on net worth-+9.6%+4.1%+20.6%+19.3%+26.2%+24.3%
Debt / equity-0.520.450.170.180.240.17
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover7.7616.3829.508.402.376.3613.85
Efficiency & per share
Fixed asset turnover-0.930.951.681.481.231.41
Inventory turnover-5.044.445.093.803.163.69
Debtors turnover-7.626.7512.357.014.948.92
EPS (₹)10.169.453.7520.0318.3219.8614.25
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00103.2493.9590.20104.0685.7965.97
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Peer Comparison of Associated Ceramics Ltd

Associated Ceramics Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Construction Materials). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Associated Ceramics Ltd this company₹44.4 Cr (FY 2026)••••••••5.9%••••Kolkata, West Bengal, India
Shiva Refratech (India) Private Limited₹44.18 Cr (FY 2025)••••••••18.0%••••Rourkela, Odisha, India
Shree Ceramic Fibers Limited₹43.93 Cr (FY 2025)••••••••17.0%••••Indore, Madhya Pradesh, India
Shree Satya Minerals Private Limited₹43.83 Cr (FY 2025)••••••••19.0%••••Mumbai, Maharashtra, India
Altif Foams Private Limited₹43.75 Cr (FY 2025)••••••••1.0%••••New Delhi, Delhi, India
Translite Scaffolding Limited₹43.66 Cr (FY 2025)••••••••45.0%••••Delhi, India
New Age Falseceiling Private Limited₹43.2 Cr (FY 2017)••••••••47.0%••••Nagpur, Maharashtra, India
Premier Refractories of India Pvt Ltd₹43.08 Cr (FY 2024)••••••••42.0%••••New Delhi, Delhi, India
Guru Kirpa Scaff Private Limited₹42.85 Cr (FY 2025)••••••••23.0%••••New Delhi, Delhi, India
Finecrete Eco-Blocks Private Limited₹42.81 Cr (FY 2023)••••••••34.0%••••Panipat, Haryana, India
Sterling Ceramics Private Limited₹42.76 Cr (FY 2025)••••••••-19.0%••••Mehsana, Gujarat, India

Peers are the five companies nearest above and the five nearest below Associated Ceramics by revenue in the Manufacturing industry (Construction Materials), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Associated Ceramics Ltd

Associated Ceramics Ltd is audited by SANJAY GULAB & CO for the financial year 2023.

NameStatusAppointment DateCessation Date
SANJAY GULAB & COLockedLockedLocked
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Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Associated Ceramics Ltd

Associated Ceramics has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arun AgarwalManaging Director23 Mar 197650 Years 6 MonthsCurrent
Sharad AgarwalDirector01 Jul 201511 Years 3 MonthsCurrent
Sumana BoseDirector07 Jan 20197 Years 9 MonthsCurrent
Umang AgarwalAdditional Director14 Nov 20250 Years 10 MonthsCurrent
Nitesh SinghDirector30 May 20242 Years 4 MonthsCurrent
Abhishek AgarwalDirector22 Mar 20233 Years 6 MonthsCurrent

Shareholding Pattern of Associated Ceramics Ltd

Shareholding for the quarter ended Sep 2026: promoters hold 55.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 44.70%.

Promoters: 55.30%Retail & Others: 44.70%
Sep 2026
QUARTER
55.30% Promoters
44.70% Retail & Others
Promoter holding - history
Now 55.30% · Sep 2026High 55.30% · Dec 2025Low 55.30% · Dec 2025
54%54.8%55.5%56.3%57%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 55.30%Mar 2026: 55.30%Jun 2026: 55.30%Sep 2026: 55.30%55.30%55.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters55.30%55.30%55.30%55.30%
Public44.70%44.70%44.70%44.70%

Charges & Borrowings of Associated Ceramics Ltd

Open charges
₹17.02 Cr
Satisfied charges
₹29.41 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹17.00 Cr
State Bank of India₹0.02 Cr
Latest charge details
DateLenderAmountStatus
23 Feb 2023Hdfc Bank Limited₹10 CrOpen
03 Mar 2022State Bank of India₹2 LakhOpen
05 Sep 2017Hdfc Bank Limited₹7 CrOpen
19 Jun 2010State Bank of India₹9.41 CrSatisfied
02 Jun 2005State Bank of India₹9 CrSatisfied

Total charge records: 7 View all charges

Associated Brands with Associated Ceramics Ltd

Associated Ceramics operates two associated brands: Associated Ceramics Limited and Associated Ceramics. Each brand links to its own profile.

BrandDescriptionWebsite
Private equity fund focused on minerals, potter work, and multiple sectorsassociatedceremics.com
Ceramics manufacturing and supply for industrial sectors such as aluminum, cement, and steel.aclindia.in

Employees and EPFO Compliance at Associated Ceramics Ltd

Associated Ceramics Ltd has a workforce of 103 employees as of Apr 07, 2024.

Employee count
103
Active EPFO establishments
1
Employee growth
0.98%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

  • Monthly headcount
  • PF contributions
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CIN History of Associated Ceramics Ltd

Associated Ceramics has one previous CIN (Corporate Identification Number): U26919WB1970PLC027835. The current CIN is L26919WB1970PLC027835, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L26919WB1970PLC027835Current
U26919WB1970PLC027835Previous

Recent Activity on Associated Ceramics Ltd

Associated Ceramics Ltd has 14 board changes on record since 1976: 10 appointments and 4 cessations. The latest: Umang Agarwal was appointed as Additional Director on 14 Nov 2025.

Appointed
Umang Agarwal was appointed as Additional Director.
AGM
Associated Ceramics Ltd last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Ceased
Bimal Agarwal ceased to be Director.
Filing
Associated Ceramics Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata I.
Appointed
Nitesh Singh was appointed as Director.
Ceased
Binod Kumar Suhasaria ceased to be Director.
Appointed
Abhishek Agarwal was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100693691 was registered on 23 Feb 2023.
Ceased
Subhash Goyal ceased to be Director.
Charges
A charge registered on 02 Jun 2005 via Charge ID 80054055 with State Bank Of India was fully satisfied on 22 Apr 2022.
Charges
A charge with State Bank Of India amounted to Rs. 0.02 Cr with Charge ID 100569759 was registered on 03 Mar 2022.
Charges
A charge registered on 19 Jun 2010 via Charge ID 10232740 with State Bank Of India was fully satisfied on 06 Feb 2019.

20 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Associated Ceramics Ltd

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Credit ratings, litigation, and regulatory alerts

Credit ratings, court records and regulatory alerts are in the company report.

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MSME Payment Delays by Associated Ceramics Ltd

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Associated Ceramics Ltd

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Associated Ceramics Ltd

Associated Ceramics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Associated Ceramics Ltd

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

  • Incorporation documents
  • Annual returns and statements
  • Charge filings
  • Complete filing index

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Frequently Asked Questions about Associated Ceramics Ltd

Associated Ceramics is an active public limited company based in Kolkata, West Bengal, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 28 September 1970 (56+ years old) and is registered under CIN L26919WB1970PLC027835. Listed on BSE: 531168.

Associated Ceramics reported revenue of ₹44.4 Cr for FY 2025-26 (up 5.9% YoY) based on standalone financials.

Associated Ceramics has 6 current directors:

No. Associated Ceramics has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Associated Ceramics is L26919WB1970PLC027835. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Associated Ceramics is listed on BSE with code 531168.

Associated Ceramics has 15 court cases on record: 6 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.

Associated Ceramics was incorporated on 28 September 1970, making it 56+ years old. It is registered with the Registrar of Companies, Kolkata.

The peers of Associated Ceramics by revenue are Shiva Refratech (India) Private Limited, Shree Ceramic Fibers Limited, Shree Satya Minerals Private Limited, Altif Foams Private Limited, Translite Scaffolding Limited and 5 more, all in the Manufacturing industry (Construction Materials).

Umang Agarwal was appointed as Additional Director on 14 Nov 2025. Bimal Agarwal ceased to be Director on 01 Jun 2025. Nitesh Singh was appointed as Director on 30 May 2024. Associated Ceramics has 14 board changes on record in total.

Associated Ceramics can be reached through the website associatedceremics.com. Its registered office is in Kolkata, West Bengal, India.

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