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Associated Coaters

544183 BSE
Price unavailable

Associated Coaters (ASSOCIATED) share price was ₹96.50 at the 16 Oct 2026 close; market capitalisation ₹13.10 Cr; sector Industrial Products. The share price rose 0.3% over the year to 16 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue rose 38.0% year on year to ₹5.16 Cr and net profit was ₹0.61 Cr, against ₹0.69 Cr a year earlier (compared with Mar 2025). Promoters held 68.79% of Associated Coaters in Sep 2026, unchanged from Mar 2026.

Close 16 Oct 2026 ₹96.50 +1.00 +1.05% 1Y

Key Fundamentals

SMEIndustrial ProductsCapital Goods
Market Cap
₹13.10 Cr
EBITDA
₹1.70 Cr
Return on Equity
14.64%
Debt to Equity
0.01
Book Value
₹57.87
EPS (TTM)
—
52W High
₹120.50
52W Low
₹72.00

Price-based figures as of 16 Oct 2026, 15:30 IST · TTM

Peer Comparison

Industrials › Industrial Products › Other Industrial Products

HBL Engineering
₹814.4028.9122,575 Cr10.200.38%36.79%46.59%3,399 Cr780 Cr
INOX India
₹1,901.7067.7217,291 Cr15.440.10%23.08%30.77%1,667 Cr255 Cr
ESAB India
₹5,322.0036.928,192 Cr19.081.42%48.14%60.82%1,615 Cr222 Cr
KRN Heat Exchanger and Refrigeration
₹1,176.5076.697,701 Cr8.330.00%13.32%18.02%747 Cr97 Cr
Harsha Engineers
₹427.7025.173,894 Cr2.780.36%11.07%14.21%1,752 Cr154 Cr
Subros
₹587.6023.043,833 Cr3.080.49%13.31%16.75%3,949 Cr167 Cr
Ador Welding
₹1,351.0020.502,351 Cr4.130.55%14.79%20.26%1,285 Cr115 Cr
Associated Coaters (this company)
——13 Cr1.670.00%14.64%18.75%——
Median 8 companies₹1,176.5028.915,798 Cr6.230.37%14.72%19.51%1,667 Cr167 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

No Tapetide Score has been computed for this stock yet.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 168 days.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
12
Neutral
7
Bullish
0

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
40% higher than 3Y

change over 1 year

Net Income Growth
0% lower than 3Y

change over 1 year

Cash Flow Change
—

EBITDA Margin Change
-27.93%

change over 1 year Operating margin 17.64% · Mar 2026

Quarterly Results

Particulars Sep 2024Mar 2025Sep 2025Mar 2026
Sales
2.21
3.74
3.1
5.16
Expenses
1.62
2.64
2.39
4.25
Operating Profit
0.59
1.1
0.71
0.91
OPM %
26.7%
29.41%
22.9%
17.64%
Other Income
0.01
0.01
0.05
0.06
Interest
0.01
0
0
0
Depreciation
0.07
0.19
0.11
0.12
PBT
0.52
0.92
0.65
0.85
Tax %
21.15%
23.91%
26.15%
28.24%
Net Profit
0.4
0.69
0.48
0.61
EPS (₹)
2.96
5.1
3.55
4.51
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
0
0
1.39
3.59
5.38
5.96
8.26
Expenses
0
0
1.17
2.76
3.87
4.25
6.63
Operating Profit
0
0
0.22
0.83
1.51
1.71
1.63
OPM %
—
—
15.83%
23.12%
28.07%
28.69%
19.73%
Other Income
0
0
0
0
0
0
0.1
Interest
0
0
0
0.01
0.01
0.01
0
Depreciation
0
0
0.04
0.08
0.15
0.26
0.23
PBT
0
0
0.18
0.74
1.35
1.44
1.5
Tax %
—
—
27.78%
25.68%
25.19%
25.69%
22.67%
Net Profit
0
0
0.14
0.55
1.01
1.06
1.15
EPS (₹)
0
0
1.56
6.11
10.86
7.84
8.51
Div. Payout %
—
—
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.03
0.03
0.03
0.03
0.93
1.35
1.35
Reserves
0
-0.01
0.13
0.68
0.73
5.43
6.47
Borrowings
0
0
0.1
0.66
0.35
0.1
0.1
Other Liabilities
0
0.01
1.76
1.59
2.51
2.46
2.5
Total Liabilities
0.03
0.03
2.02
2.96
4.52
9.34
10.42
Fixed Assets
0
0
0.52
0.48
0.85
2.15
2.63
CWIP
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
1.64
Other Assets
0.03
0.03
1.5
2.48
3.67
7.19
6.15
Total Assets
0.03
0.03
2.02
2.96
4.52
9.34
10.42
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
0
0.52
0.63
0.8
-0.09
1.29
Investing
—
0
-0.56
-0.03
-0.54
-1.56
-2.36
Financing
—
0
0.1
-0.01
-0.37
3.8
-0.1
Net Cash Flow
—
0
0.05
0.59
-0.11
2.14
-1.17
Free Cash Flow
—
0
-0.04
0.6
0.28
-1.65
0.57
CFO/EBITDA
—
—
236
82
66
18
101
Figures in ₹ Crores

Ratios

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
—
—
357
154
172
225
168
Inventory Days
—
—
10.53
8.16
26.55
52.74
31.2
Days Payable
—
—
344
208
214
210
129
Cash Conversion Cycle
—
—
23.71
-46.31
-15.5
67.93
70.43
Working Capital Days
—
—
-86.65
22.37
40.03
122
91.47
ROCE %
—
0%
128.57%
92.02%
80.47%
32.62%
20.27%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Associated Coaters insights

58 extracted metrics + investor summaries across FY20–FY26.

Shareholding Pattern

Promot.68.79%Others3.25%Public27.96%As ofSep 2026

Documents

Frequently Asked Questions about Associated Coaters

What does Associated Coaters Ltd do?
Incorporated in 2017, Associated Coaters Ltd is in business of metal coating[1]
Where is Associated Coaters Ltd (ASSOCIATED) listed?
Associated Coaters Ltd trades under code 544183 on the BSE.
Which sector does Associated Coaters Ltd belong to?
Associated Coaters Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the market capitalisation of Associated Coaters Ltd?
Associated Coaters Ltd has a market capitalisation of ₹13.1 Cr as of 16 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Associated Coaters Ltd?
Over the last 52 weeks Associated Coaters Ltd has traded between ₹72 and ₹120.5 as of 16 Oct 2026.
What is the Return on Equity (ROE) of Associated Coaters Ltd?
Associated Coaters Ltd reported a return on equity of 14.64%. Its debt-to-equity ratio is 0.01.

Company Information

Incorporated in 2017, Associated Coaters Ltd is in business of metal coating[1]

Website associatedcoaters.in
Listed 2024-06-06
Face Value ₹ 10
Shares Outstanding 13,57,513

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