---
title: "Decolight Ceramics Ltd (DECOLIGHT) — Share Price, Financials & Analysis"
symbol: "DECOLIGHT"
company: "Decolight Ceramics Ltd"
canonical: "https://tapetide.com/stocks/DECOLIGHT"
nse_symbol: "DECOLIGHT"
generated_at: "2026-10-13T11:53:12.442Z"
---

# Decolight Ceramics Ltd (DECOLIGHT)

Canonical page: https://tapetide.com/stocks/DECOLIGHT

## Company

- **NSE Symbol:** DECOLIGHT
- **Stock Type:** EQUITY
- **Listed Since:** 2007-06-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** decocovering.com

## About

Deco Light Ceramics is a leading Exporter, Manufacturer & Supplier of Vitrified tiles , granite tiles, wall tiles from Morbi, Gujarat, India.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 253 to 85.4 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -51.4% over past five years.
- Company has a low return on equity of -29.9% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 60% | — | — |
| revenue growth | -102% | -65% | -51% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.28 | 3.28 | 2.59 | 2.53 | 1.8 | 1.54 | 0.14 | 0.63 | 0.05 | -0.04 | -0.06 | -0.02 |
| Expenses | 7.36 | 3.93 | 7.08 | 5.68 | 11.07 | 4.77 | 4.73 | 2.14 | 0.06 | 0.01 | 0.03 | 0 |
| Operating Profit | -4.08 | -0.65 | -4.49 | -3.15 | -9.27 | -3.23 | -4.59 | -1.51 | -0.01 | -0.05 | -0.09 | -0.02 |
| OPM % | -124.39 | -19.82 | -173.36 | -124.51 | -515 | -209.74 | -3278.57 | -239.68 | -20 | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | -7.9 | -7.6 | 0.07 | 0.08 | -0.86 | 0 | 0 | 0 |
| Interest | 1.32 | 1.26 | 1.23 | 1.34 | 1.16 | 1.24 | 1.31 | 0.85 | 2.25 | 1.74 | 1.73 | 1.73 |
| Depreciation | 1.09 | 1.08 | 1.09 | 1.09 | 1.06 | 1.44 | 1.23 | 1.23 | 1.23 | 0.87 | 0.76 | 0.76 |
| Profit before tax | -6.49 | -2.99 | -6.81 | -5.58 | -19.39 | -13.51 | -7.06 | -3.51 | -4.35 | -2.66 | -2.58 | -2.51 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -6.48 | -2.99 | -6.81 | -5.58 | -19.39 | -13.51 | -7.06 | -3.51 | -4.35 | -2.66 | -2.58 | -2.51 |
| EPS in Rs | -1.34 | -0.62 | -1.41 | -1.15 | -4.01 | -2.8 | -1.46 | -0.73 | -0.9 | -0.55 | -0.53 | -0.52 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 51 | 81 | 71 | 87 | 144 | 57 | 17 | 10 | 2 | 0 |
| Expenses | 39 | 60 | 58 | 81 | 136 | 61 | 22 | 27 | 10 | 0 |
| Operating Profit | 12 | 21 | 13 | 6 | 8 | -4 | -5 | -18 | -8 | 0 |
| OPM % | 23 | 26 | 19 | 7 | 6 | -8 | -29 | -178 | -346 | 243 |
| Other Income | 1 | 1 | 0 | 4 | 3 | -1 | -1 | -8 | -10 | -1 |
| Interest | 3 | 5 | 6 | 8 | 6 | 5 | 5 | 5 | 6 | 7 |
| Depreciation | 1 | 3 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 4 |
| Profit before tax | 8 | 15 | 2 | -3 | 1 | -15 | -16 | -35 | -28 | -12 |
| Tax % | 40 | 40 | -34 | -51 | 23 | -30 | -8 | 0 | 0 | — |
| Net Profit | 5 | 9 | 3 | -1 | 1 | -11 | -14 | -35 | -28 | -12 |
| EPS in Rs | — | 4.82 | 1.54 | -0.74 | 0.16 | -2.21 | -2.99 | -7.19 | -5.88 | -2.5 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Sep 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 18 | 18 | 18 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 12 | 55 | 58 | 64 | 65 | 54 | 40 | 5 | -40 | -45 |
| Borrowings | 33 | 39 | 53 | 53 | 47 | 34 | 35 | 37 | 38 | 38 |
| Other Liabilities | 18 | 26 | 24 | 24 | 26 | 20 | 13 | 17 | 20 | 23 |
| Total Liabilities | 73 | 137 | 153 | 159 | 186 | 156 | 136 | 108 | 67 | 65 |
| Fixed Assets | 47 | 69 | 77 | 78 | 64 | 51 | 46 | 41 | 23 | 22 |
| CWIP | 0 | 7 | 2 | 0 | 0 | 0 | 1 | 5 | 0 | 0 |
| Investments | 0 | 4 | 0 | 6 | 33 | 35 | 34 | 33 | 33 | 33 |
| Other Assets | 27 | 58 | 73 | 76 | 89 | 71 | 55 | 28 | 10 | 10 |
| Total Assets | 73 | 137 | 153 | 159 | 186 | 156 | 136 | 108 | 67 | 65 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 12 | -4 | -3 | 9 | 16 | -1 | 2 | 5 | 3 |
| Cash from Investing Activity | -8 | -18 | -36 | -5 | -9 | -19 | 6 | 0 | -3 | 2 |
| Cash from Financing Activity | 6 | 7 | 40 | 8 | 0 | 11 | -14 | -3 | -2 | -5 |
| Net Cash Flow | -1 | 1 | 0 | 0 | -1 | 8 | -8 | 0 | 0 | 0 |
| Free Cash Flow | -7 | -7 | -36 | -12 | 6 | 24 | 7 | 2 | 1 | 4 |
| CFO/OP | 20 | 107 | -15 | -16 | 152 | 199 | 15 | -47 | -30 | -34 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 67 | 54 | 115 | 126 | 128 | 100 | 240 | 447 | 227 | 85 |
| Inventory Days | 234 | 308 | 259 | 1094 | 382 | 107 | 331 | 2903 | 355 | 0 |
| Days Payable | 0 | 166 | 151 | 263 | 148 | 57 | 210 | 1051 | 322 | — |
| Cash Conversion Cycle | 302 | 195 | 222 | 957 | 363 | 149 | 362 | 2299 | 259 | 85 |
| Working Capital Days | 114 | 76 | 170 | 274 | 228 | 49 | 98 | 79 | -1084 | -8084 |
| ROCE % | — | 23 | 23 | 8 | 4 | 5 | -5 | -7 | -20 | -19 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.65 | Sell |
| EMA (10) | 1.56 | Sell |
| SMA (20) | 1.52 | Sell |
| EMA (20) | 1.57 | Sell |
| SMA (50) | 1.66 | Sell |
| EMA (50) | 1.62 | Sell |
| SMA (100) | 1.66 | Sell |
| EMA (100) | 1.74 | Sell |
| SMA (200) | 1.97 | Sell |
| EMA (200) | 2.14 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.91 | Neutral |
| MACD (12,26,9) | -0.01 | Sell |
| Stochastic (14,3,3) | 28.06 | Neutral |
| ADX (14) | 21.1 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.19 | High Volatility |
| ROC (12) | -7.14 | Sell |
| Stoch RSI (14) | 19.43 | Buy |
| UO (7,14,28) | 48.17 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-04-17 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=970B9DBD_E519_4EA7_BC1E_712DB5E9638B_142023.pdf) |
| 2018-04-17 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/4/970B9DBD_E519_4EA7_BC1E_712DB5E9638B_142023.pdf) |
| 2018-03-29 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C6139590_7FEE_4093_B495_2FCDB5050F54_162405.pdf) |
| 2018-03-29 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/C6139590_7FEE_4093_B495_2FCDB5050F54_162405.pdf) |
| 2016-02-23 | [Financial Results, Limited Review Report for December 31, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73E988EB_96FD_42F1_9E8F_05F6D7F90260_164808.pdf) |
| 2016-02-23 | [Financial Results, Limited Review Report for December 31, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/2/73E988EB_96FD_42F1_9E8F_05F6D7F90260_164808.pdf) |
| 2016-01-21 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2A945614_8BC4_42DC_B034_A1BD6851D888_134912.pdf) |
| 2016-01-21 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/1/2A945614_8BC4_42DC_B034_A1BD6851D888_134912.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2014 | [Annual Report 2014](http://www.bseindia.com/bseplus/AnnualReport/532858/5328580314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532858/5328580313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532858/5328580312.PDF) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532858/5328580311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_DECOLIGHT_2010_2011_07092011050918.zip) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532858/5328580310.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_DECOLIGHT_2009_2010_08042011112627.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2010-09-29 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:53:12.442Z.