---
title: "Murudeshwar Ceramics Ltd (MURUDCERA) — Share Price, Financials & Analysis"
symbol: "MURUDCERA"
company: "Murudeshwar Ceramics Ltd"
canonical: "https://tapetide.com/stocks/MURUDCERA"
isin: "INE692B01014"
nse_symbol: "MURUDCERA"
bse_code: "515037"
sector: "Consumer Goods"
industry: "Ceramics"
market_cap_cr: 177.82
generated_at: "2026-09-13T20:00:05.755Z"
---

# Murudeshwar Ceramics Ltd (MURUDCERA)

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

## Company

- **NSE Symbol:** MURUDCERA
- **BSE Code:** 515037
- **ISIN:** INE692B01014
- **Sector:** Consumer Goods
- **Industry:** Ceramics
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2004-05-28
- **CEO:** Mr. Satish Rama Shetty
- **Employees:** 309
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** naveentile.com

## About

Incorporated in 1983, Murudeshwar 
Ceramics Ltd manufacture and trades in wide range of Ceramic and Vitrified floor & Wall tiles[1]

## Latest Price

- **Price:** ₹29.78
- **Change:** -0.22 (-0.73%)
- **Open:** ₹29.76
- **Day High:** ₹30.4
- **Day Low:** ₹29.21
- **Previous Close:** ₹30
- **Volume:** 11028
- **As Of:** 2026-09-11T10:20:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:45.739989Z.

- **Market Cap:** ₹177.82 Cr
- **Classification:** Microcap
- **P/E (reported):** 18.7
- **P/E (TTM):** 17.83
- **EPS (TTM):** ₹1.67
- **EPS (reported):** ₹1.01
- **Book Value:** ₹62.78
- **Price to Book:** 0.48
- **Dividend Yield:** 1.67%
- **ROE:** 2.96%
- **ROCE:** 5.43%
- **Debt to Equity:** 0.37
- **Revenue (yearly):** ₹215 Cr
- **Net Income:** ₹11.3 Cr
- **EBITDA:** ₹41 Cr
- **52-Week High:** ₹47.5
- **52-Week Low:** ₹25.16
- **RSI (14):** 45.99

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Flat
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 40.54 | 9% |
| growth | 46.01 | 9% |
| momentum | 52.4 | 12% |
| ownership | 50 | 24% |
| quality | 52.33 | 22% |
| valuation | 57.23 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.47 times its book value
- Company has delivered good profit growth of 24.1% CAGR over last 5 years

### Weaknesses

- Company has a low return on equity of 2.39% over last 3 years.
- Contingent liabilities of Rs.464 Cr.
- Debtor days have increased from 65.9 to 91.8 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -55.28% | -58.56% | -44.55% |
| ebitda margin growth | -25% | 0.42% | 5.47% | -13.03% |
| net income growth | -50% | 14.14% | 19% | 24% |
| revenue growth | -23.59% | 3.46% | 6% | 21% |
| roce | -27.2% | -3.89% | 3.63% | 5.15% |
| roe | -48.73% | 10.86% | 2.34% | 369.84% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45.71 | 51.04 | 51.66 | 43.47 | 42.85 | 50.15 | 66.4 | 46.15 | 45.57 | 51.11 | 62.64 | 50.09 |
| Expenses | 38.56 | 43.62 | 43.65 | 35.28 | 35.45 | 42.18 | 55.36 | 38.1 | 38.57 | 44.38 | 52.93 | 40.51 |
| Operating Profit | 7.15 | 7.42 | 8.01 | 8.19 | 7.4 | 7.97 | 11.04 | 8.05 | 7 | 6.73 | 9.71 | 9.58 |
| OPM % | 15.64 | 14.54 | 15.51 | 18.84 | 17.27 | 15.89 | 16.63 | 17.44 | 15.36 | 13.17 | 15.5 | 19.13 |
| Other Income | 0.08 | 0.03 | 4.27 | 0.19 | 1.77 | 0.12 | 2.82 | 0.12 | 2.32 | 4.04 | 3.09 | 0.06 |
| Interest | 2.53 | 2.34 | 3.21 | 3.08 | 3.08 | 2.85 | 4.05 | 2.86 | 2.78 | 2.7 | 4.05 | 3.39 |
| Depreciation | 2.77 | 2.75 | 3.72 | 3.37 | 3.37 | 3.37 | 4.38 | 3.37 | 3.37 | 3.38 | 4.86 | 3.86 |
| Profit before tax | 1.93 | 2.36 | 5.35 | 1.93 | 2.72 | 1.87 | 5.43 | 1.94 | 3.17 | 4.69 | 3.89 | 2.39 |
| Tax % | 37.82 | 30.93 | 77.94 | 1.04 | 0.74 | 1.07 | 36.28 | 0 | 0 | 0 | 62.47 | 65.69 |
| Net Profit | 1.2 | 1.63 | 1.17 | 1.92 | 2.7 | 1.85 | 3.46 | 1.95 | 3.17 | 4.68 | 1.46 | 0.82 |
| EPS in Rs | 0.21 | 0.28 | 0.19 | 0.32 | 0.45 | 0.31 | 0.57 | 0.32 | 0.52 | 0.77 | 0.24 | 0.14 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 119 | 126 | 103 | 80 | 122 | 170 | 184 | 202 | 205 | 209 |
| Expenses | 88 | 97 | 82 | 71 | 96 | 140 | 154 | 167 | 173 | 176 |
| Operating Profit | 32 | 29 | 21 | 9 | 26 | 31 | 30 | 35 | 31 | 33 |
| OPM % | 26 | 23 | 20 | 11 | 21 | 18 | 17 | 17 | 15 | 16 |
| Other Income | 1 | 2 | 9 | 1 | 1 | 1 | 4 | 5 | 10 | 10 |
| Interest | 19 | 16 | 16 | 16 | 13 | 13 | 11 | 13 | 12 | 13 |
| Depreciation | 9 | 9 | 10 | 10 | 10 | 11 | 12 | 14 | 15 | 15 |
| Profit before tax | 5 | 5 | 3 | -16 | 4 | 7 | 11 | 12 | 14 | 14 |
| Tax % | 4 | 9 | 47 | -26 | 42 | 10 | 55 | 17 | 18 | — |
| Net Profit | 5 | 5 | 2 | -12 | 2 | 7 | 5 | 10 | 11 | 10 |
| EPS in Rs | 1.09 | 1.01 | 0.37 | -2.27 | 0.39 | 1.14 | 0.85 | 1.64 | 1.86 | 1.67 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 44 | 59 | 31 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 43 | 45 | 48 | 48 | 52 | 55 | 58 | 61 | 61 | 61 |
| Reserves | 285 | 277 | 285 | 287 | 281 | 284 | 296 | 304 | 311 | 319 |
| Borrowings | 100 | 104 | 93 | 79 | 85 | 83 | 120 | 110 | 108 | 142 |
| Other Liabilities | 50 | 49 | 48 | 59 | 54 | 53 | 67 | 73 | 90 | 93 |
| Total Liabilities | 477 | 475 | 474 | 473 | 472 | 475 | 540 | 548 | 569 | 616 |
| Fixed Assets | 309 | 302 | 298 | 306 | 297 | 298 | 297 | 361 | 349 | 390 |
| CWIP | 2 | 5 | 1 | 2 | 8 | 6 | 78 | 10 | 38 | 24 |
| Investments | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 9 |
| Other Assets | 163 | 165 | 171 | 161 | 163 | 162 | 156 | 167 | 173 | 192 |
| Total Assets | 477 | 475 | 474 | 473 | 472 | 475 | 540 | 548 | 569 | 616 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 23 | 5 | 15 | 47 | 0 | 24 | 42 | 31 | 29 | 13 |
| Cash from Investing Activity | -20 | -4 | -1 | -18 | -6 | -12 | -81 | -5 | -25 | -33 |
| Cash from Financing Activity | -4 | -3 | -15 | -29 | 5 | -8 | 35 | -13 | -16 | 23 |
| Net Cash Flow | -1 | -2 | -1 | 0 | 0 | 3 | -4 | 13 | -12 | 4 |
| Free Cash Flow | 2 | 0 | 13 | 29 | -6 | 16 | -40 | 22 | -1 | -29 |
| CFO/OP | 84 | 13 | 49 | 227 | 10 | 94 | 142 | 106 | 79 | 38 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 107 | 100 | 134 | 146 | 145 | 66 | 35 | 33 | 73 | 92 |
| Inventory Days | 1624 | 1421 | 759 | 779 | 1240 | 1201 | 975 | 954 | 744 | 881 |
| Days Payable | 335 | 249 | 112 | 184 | 223 | 203 | 228 | 205 | 210 | 250 |
| Cash Conversion Cycle | 1395 | 1272 | 781 | 741 | 1162 | 1065 | 782 | 781 | 608 | 723 |
| Working Capital Days | 141 | 167 | 187 | 164 | 204 | 152 | 78 | 61 | 74 | 85 |
| ROCE % | 5 | 6 | 5 | 5 | 0 | 4 | 5 | 5 | 5 | 5 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.65% | 72.65% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% |
| FIIs | 0% | 0% | 0.02% | 0% | 0% | 0% | 0% | 0.03% | 0% | 0.03% | 0% | 0% |
| DIIs | 0.01% | 0% | 0.01% | 0.01% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.53% | 24.22% | 23.1% | 23.08% | 23.5% | 23.51% | 23.52% | 23.57% | 23.58% | 23.47% | 23.53% | 23.61% |
| Others | 2.81% | 3.13% | 2.94% | 2.98% | 2.55% | 2.55% | 2.54% | 2.46% | 2.48% | 2.55% | 2.52% | 2.45% |
| No. of Shareholders | 20413 | 21303 | 20899 | 21364 | 24169 | 23463 | 23219 | 23418 | 23260 | 22891 | 22422 | 22274 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 29.89 | Sell |
| EMA (10) | 29.98 | Sell |
| SMA (20) | 30.21 | Sell |
| EMA (20) | 30.19 | Sell |
| SMA (50) | 30.67 | Sell |
| EMA (50) | 30.69 | Sell |
| SMA (100) | 31.68 | Sell |
| EMA (100) | 31.37 | Sell |
| SMA (200) | 32.27 | Sell |
| EMA (200) | 32.8 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.89 | Neutral |
| MACD (12,26,9) | -0.28 | Sell |
| Stochastic (14,3,3) | 53.87 | Neutral |
| ADX (14) | 23.22 | Neutral |
| Williams %R (14) | -56.48 | Neutral |
| ATR (14) | 1.29 | High Volatility |
| ROC (12) | -2.74 | Sell |
| Stoch RSI (14) | 61.08 | Neutral |
| UO (7,14,28) | 48.75 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-18 | [Notice Of 43Rd Annual General Meeting Scheduled To Be Held On Friday 18Th September 2026 At 3:00 P.M. For The Financial Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6adbbf2-c718-406c-8c55-99133f631d0f.pdf) |
| 2026-08-18 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=272b3958-e2ed-43a7-997f-a633010b0cb6.pdf) |
| 2026-08-13 | [Intimation For The 43Rd Annual General Meeting (AGM) Scheduled To Be Held On Friday 18Th September 2026 At 3:00 P.M. At Hotel Naveen Unkal Lake Hubballi-Dharwad Highway Bairidevarkoppa Hubballi-580025 Karnataka](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=decba64b-61e9-4df5-8fe4-173c545a6226.pdf) |
| 2026-08-13 | [Intimation For The Closure Of Share Transfer Books And Register Of Members "Cut-Off Date" For The Purpose Of The 43Rd Annual General Meeting (AGM) For The Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b28df0b-0ab9-48af-908c-1b4a1c5303f7.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today On August 12 2026 And Announcements Pursuant Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d41c645-2a1f-42b3-b9d6-472a2f17b3e8.pdf) |
| 2026-08-01 | [Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On Wednesday August 12 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb6321e9-edda-475d-b57e-c2e4941c4a3c.pdf) |
| 2026-07-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e386c28-cd5c-4966-89b6-dac6fd03f4ef.pdf) |
| 2026-06-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67b872b1-28bc-4ca5-b3ff-88bf94c7021f.pdf) |
| 2026-05-29 | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today On May 29 2026 And Announcements Pursuant To Regulation 30 Of The SEBI (SEBI) Regulations 2015 And Submission Of Financial Results For The Quarter And Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f2fe31b-0dd1-4235-a5db-9588d9f0e15c.pdf) |
| 2026-05-15 | [Update on board meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e35cfb52-c4d3-4b5d-a620-56618b95db5e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results-Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8a58a01-62d5-48e0-b137-ca6cf5eeafb2.pdf) |
| 2026-05-29 | [Results - Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bfd5fc9-bec1-48bb-b81a-06ed1b70dc2f.pdf) |
| 2026-02-14 | [Results- Q3 Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16734f0b-5528-4def-952e-d48c74543c7d.pdf) |
| 2026-02-13 | [Results-Q3 Ended On 31St December 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e720004-48de-46bc-88a2-4411429f6ca6.pdf) |
| 2025-11-12 | [Results - Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8853b58f-e0f3-498a-9957-18158f4a8242.pdf) |
| 2025-08-13 | [Results-Financial Results For The Quarter Ended June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fdd0cdb-561e-4e1c-9c79-6d7da46eff33.pdf) |
| 2025-05-29 | [Audited Financial Results For The Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45bdbbba-d5cf-4354-9d65-7b994e00abc4.pdf) |
| 2025-02-10 | [Financial Results For The Quarter And Nine Months Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcd4338f-ae23-4cc7-8d3b-27101b5ed3b7.pdf) |
| 2024-11-13 | [Unaudited (Standalone And Consolidated) Financial Results For The Quarter And Half Year Ended 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da088099-f7c9-4996-817f-7917387394cb.pdf) |
| 2024-07-31 | [Submission Of Unaudited (Standalone And Consolidated) Financial Results Of The Company For The Quarter Ended 30.06.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=975bf341-51ad-4115-9deb-83fb5161fd0e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Apr - Compliance certificate under Regulation 74(5) for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Compliance certificate under Regulation 74(5) for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7503bc76-1fa7-4574-a5a9-907a5da14351.pdf) |
| 27 Apr - Board meeting on 20 May 2026 to approve audited standalone and consolidated FY2026 results. | [Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On Wednesday, 20Th Day Of May, 2026. 27 Apr - Board meeting on 20 May 2026 to approve audited standalone and consolidated FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4102c152-96fb-4549-8812-150de34de907.pdf) |
| 25 Mar - Trading window closed from April 1, 2026 until 48 hours after Q4 results (Mar 31, 2026). | [Closure of Trading Window 25 Mar - Trading window closed from April 1, 2026 until 48 hours after Q4 results (Mar 31, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a71b6468-d4df-4d1c-8123-01961413c2e1.pdf) |
| 13 Feb - Board approved unaudited standalone and consolidated results for quarter/nine months ended 31 Dec 2025; total income 5,516.18. | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today, On February 13, 2026, And Announcements Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015. 13 Feb - Board approved unaudited standalone and consolidated results for quarter/nine months ended 31 Dec 2025; total income 5,516.18.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/956e9b51-ec42-4078-8e48-784ee1d6f856.pdf) |
| 13 Feb - Approved unaudited standalone and consolidated results for quarter/9M ended 31-Dec-2025; total income Rs5,516.18, PBT Rs468.44 | [Results-Q3 Ended On 31St December, 2026 13 Feb - Approved unaudited standalone and consolidated results for quarter/9M ended 31-Dec-2025; total income Rs5,516.18, PBT Rs468.44](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e720004-48de-46bc-88a2-4411429f6ca6.pdf) |
| 10h - Board meeting on 20 May 2026 to approve audited standalone and consolidated FY2026 results. | [Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On Wednesday, 20Th Day Of May, 2026. 10h - Board meeting on 20 May 2026 to approve audited standalone and consolidated FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4102c152-96fb-4549-8812-150de34de907.pdf) |
| — | [Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 10 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9526F111_BAC3_4077_977A_C41BD3952A9D_131956.pdf) |
| — | [Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 4 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7843ABC1_B386_43E9_9DC2_DB5177586D81_122349.pdf) |
| — | [Results- Q3 Ended On 31St December, 2025 14 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16734f0b-5528-4def-952e-d48c74543c7d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1266_MURUDCERA_2012_2013_29082013110419.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a43d27d-7877-44bb-856b-10c48dad864f.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62696c5e-f5ab-4d3a-8e01-2dbc6e770e0d.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/deda781b-cbed-41c6-aac3-aa9943cf54b7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/515037/74599515037.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/515037/70604515037.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/515037/65216515037.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/515037/5150370319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/515037/5150370318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/515037/5150370317.pdf) |

---

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 2026-09-13T20:00:05.755Z.