About Murudeshwar Ceramics Limited
Data last updated:
Murudeshwar Ceramics Limited is a public limited company based in Hubli, Karnataka, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 29 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L26914KA1983PLC005401. Its GSTIN is 29AABCM2526R1ZZ (Karnataka). The company holds 12 GST registrations, of which 7 are active. Its shares are listed on BSE: 515037 and NSE: MURUDCERA.
The company has an authorised share capital of ₹71.62 Cr and a paid-up capital of ₹60.55 Cr. It is led by directors including Satish Rama Shetty (Managing Director) and Karan Satish Shetty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 604/B Gokul Road Industrialestate, Hubli, Karnataka, India – 580030.
As per the financials filed for FY 2025, the company reported a revenue of ₹207.77 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹9.84 Cr (net margin 4.7%) and EBITDA of ₹39.5 Cr (EBITDA margin 19%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 13% over five years.
The company has about 284 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NaveenTile. As per MCA filings, the company has open charges of ₹222.65 Cr and satisfied charges of ₹533.3 Cr on record. Court records list 176 cases involving the company, including 128 filed by the company and 33 filed against it; 25 cases are pending. The company has 53 deals on record (53 market trades); the latest was in October 2023. Its 10 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles) are compared by revenue, 5 larger and 5 smaller; the largest is Global Ceramics Private Limited. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 67 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website naveentile.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address604/B Gokul Road Industrialestate, Hubli, Karnataka, India – 580030
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Murudeshwar Ceramics Limited
The main business activities of Murudeshwar Ceramics are manufacturing and construction. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and roads, railways, utility projects. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Murudeshwar Ceramics Limited FY 2025 filings available
Murudeshwar Ceramics Limited reported revenue of ₹207.77 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Murudeshwar Ceramics Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 9% growth in the latest year. EBITDA rose 14% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Murudeshwar Ceramics Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹39.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.84 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Murudeshwar Ceramics Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Murudeshwar Ceramics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Global Ceramics Private Limited | •••• | •••• | •••• | •••• | - | Dimapur, Nagaland, India |
| Essence Buildware Private Limited | •••• | •••• | •••• | •••• | - | Morbi, Gujarat, India |
| Global Surfaces Limited | •••• | •••• | •••• | •••• | 226 | Sanganer, Rajasthan, India |
| Colorobbia Chemicals India Private Limited | •••• | •••• | •••• | •••• | 73 | Sanand, Gujarat, India |
| Skytouch Ceramic Private Limited | •••• | •••• | •••• | •••• | 16 | Morbi, Gujarat, India |
| Murudeshwar Ceramics Limited this company | •••• | •••• | •••• | •••• | - | Hubli, Karnataka, India |
| Pacific Industries Limited Listed | •••• | •••• | •••• | •••• | 142 | Girwa, Rajasthan, India |
| Golf Ceramics Private Limited | •••• | •••• | •••• | •••• | 275 | Ahmedabad, Gujarat, India |
| Stone Shippers Limited | •••• | •••• | •••• | •••• | 312 | Mumbai, Maharashtra, India |
| Acbex Global Private Limited | •••• | •••• | •••• | •••• | 18 | Rajkot, Gujarat, India |
| Welsuit Glass and Ceramics Private Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Murudeshwar Ceramics by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited is audited by K. G. Rao & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K. G. Rao & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Murudeshwar Ceramics Limited
Murudeshwar Ceramics has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Rama Shetty Also directs: Naveen Structurals and Engineering Co Private Limited, RNS Motors Private Limited, RNS Power Limited and 5 more | Managing Director | 27 Jun 2007 | 19 Years 3 Months | Current |
| Karan Satish Shetty | Whole-Time Director | 10 Aug 2018 | 8 Years 1 Months | Current |
| Sunil Rama Shetty Also directs: Naveen Structurals and Engineering Co Private Limited, RNS Motors Private Limited, RNS Power Limited and 5 more | Director | 29 Nov 1993 | 32 Years 10 Months | Current |
| Naveen Rama Shetty Also directs: Naveen Structurals and Engineering Co Private Limited, RNS Motors Private Limited, RNS Power Limited and 5 more | Director | 24 Nov 1995 | 30 Years 10 Months | Current |
| Vishwanath Shetty | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Vittal Kadekar Menaka Shetty | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
Ownership and Shareholding of Murudeshwar Ceramics Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Murudeshwar Ceramics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2026 | Others | ₹2.63 Cr | Open |
| 31 Mar 2026 | Others | ₹1.3 Cr | Open |
| 07 Mar 2026 | Karnataka Bank Ltd. | ₹4 Cr | Open |
| 06 Sep 2025 | Others | ₹28 Lakh | Open |
| 14 Jun 2025 | Others | ₹70 Lakh | Open |
Total charge records: 87 View all charges
Deals & Funding of Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited has 53 deals on record (53 market trades); the latest was in October 2023.
Deals on record (5 of 53)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Market trade | ₹1.82 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2009 | Market trade | ₹68.4 Lakh | Buyer: HKG Money Tech Private Limited Seller: HKG Money Tech Private Limited |
| Nov 2009 | Market trade | ₹1.72 Cr | Buyer: Vijit Shares and Commodities Private Limited , an individual Seller: Vijit Shares and Commodities Private Limited , an individual |
| Jul 2009 | Market trade | ₹1.23 Cr | Buyer: HKG Money Tech Private Limited , an individual Seller: Jaroli Vincom Pvt Ltd , HKG Money Tech Private Limited , an individual |
| Jul 2009 | Market trade | ₹85.5 Lakh | Buyer: HKG Money Tech Private Limited Seller: Jaroli Vincom Pvt Ltd , HKG Money Tech Private Limited |
Full deal history
All 53 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited has 176 court cases on record: 128 filed by Murudeshwar Ceramics, 33 filed against it, 15 where it is another party. 25 cases are pending and 151 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 122 | 25 | 10 |
| High courts | 53 | 8 | 14 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 176)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by G K Ispat Private Limited | Disposed |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Alliance Dwellwell Projects Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Kristal Projects (India) Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Kristal Projects (India) Limited | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against Saijayini Housing Promoters Private Limited | Disposed |
Full case history
All 176 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 67 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Xpert Ceramic | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Murudeshwar Ceramics Limited
Murudeshwar Ceramics operates one associated brand: NaveenTile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ceramic tiles are manufactured by NaveenTile in Bengaluru, India. | naveentile.com |
Employees and EPFO Compliance at Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited has a workforce of 284 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Murudeshwar Ceramics Limited
Murudeshwar Ceramics has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
CIN History of Murudeshwar Ceramics Limited
Murudeshwar Ceramics has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L26914KA1983PLC005401, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26914KA1983PLC005401 | Current |
| U85110KA1983PTC005401 | Previous |
| U85110KA1983PLC005401 | Previous |
| L85110KA1983PLC005401 | Previous |
News related to Murudeshwar Ceramics Limited
Recent Activity on Murudeshwar Ceramics Limited
Murudeshwar Ceramics Limited has 34 board changes on record since 1983: 21 appointments and 13 cessations. The latest: Annappayya ceased to be Director on 30 Sep 2024.
190 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Murudeshwar Ceramics Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Murudeshwar Ceramics Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Murudeshwar Ceramics Limited
Murudeshwar Ceramics has 12 GST registrations: 7 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM2526R1ZZ | Karnataka | Active | 01 Jul 2017 |
| 21AABCM2526R1ZF | Odisha | Active | 01 Jul 2017 |
| 27AABCM2526R1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 30AABCM2526R1ZG | Goa | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Murudeshwar Ceramics Limited
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
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Murudeshwar Ceramics Limited
Murudeshwar Ceramics is an active public limited company based in Hubli, Karnataka, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 29 June 1983 (43+ years old) and is registered under CIN L26914KA1983PLC005401. Listed on BSE: 515037 and NSE: MURUDCERA.
Murudeshwar Ceramics reported revenue of ₹207.77 Cr for FY 2025 (up 9% YoY).
Murudeshwar Ceramics has 8 current directors:
- Satish Rama Shetty - Managing Director
- Karan Satish Shetty - Whole-Time Director
- Sunil Rama Shetty - Director
- Naveen Rama Shetty - Director
- Vishwanath Shetty - Director
- Vittal Kadekar Menaka Shetty - Director
- Shakunthala Shetty - Director
- Ravindra Bhandary - Director
Murudeshwar Ceramics reported a net profit of ₹9.84 Cr (net margin 4.7%) and EBITDA of ₹39.5 Cr (EBITDA margin 19%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Murudeshwar Ceramics is 19% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Murudeshwar Ceramics is 29AABCM2526R1ZZ, registered in Karnataka. The company has 12 GST registrations in all, of which 7 are active and 5 are cancelled or inactive. Other active GSTINs include 21AABCM2526R1ZF (Odisha), 27AABCM2526R1Z3 (Maharashtra), 30AABCM2526R1ZG (Goa).
The CIN (Corporate Identification Number) of Murudeshwar Ceramics is L26914KA1983PLC005401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Murudeshwar Ceramics is listed on both BSE (code: 515037) and NSE (symbol: MURUDCERA).
Murudeshwar Ceramics has 176 court cases on record: 128 filed by the company and 33 filed against it. 25 are pending. Most are in the district courts.
Murudeshwar Ceramics was incorporated on 29 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Bangalore.
Murudeshwar Ceramics has 53 deals on record (53 market trades); the latest was in October 2023.
The peers of Murudeshwar Ceramics by revenue are Global Ceramics Private Limited, Essence Buildware Private Limited, Global Surfaces Limited, Colorobbia Chemicals India Private Limited, Skytouch Ceramic Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).