Associated Ceramics Ltd (ASSOCER) Share Price & Fundamentals

What we do

Associated Ceramics Ltd manufactures and sells refractory items primarily serving the steel industry, also generating revenue from solar energy projects.

Founded in

1,970

Market share

A key player in refractory items manufacturing with a steady revenue base exceeding Rs 41 crore for FY 2024-25.

Problem solved

Provides durable refractory solutions to steel and allied industries, addressing heat resistance and durability challenges.

Top clients or who we serve

Serving primarily B2B clients in the steel sector, along with solar energy market involvement.

Key management

Managing Director Arun Agarwal and CFO Sharad Agarwal lead the company with experienced leadership.

Our journey and innovations

Established in 1970, grew steadily in refractory manufacturing; recently diversified into solar energy segment.

Where we operate

Operates primarily in India with limited foreign exchange earnings, expanding market presence.

Top products or what we offer

Refractory items including fire bricks and insulations; Solar energy installations providing sustainable power.

Top brands

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Raw materials needed

Raw materials include high-quality ceramics for refractory production.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue majorly from cyclical steel industry; solar energy provides a small recurring income.

Our industry position

Leader in refractory products within regional markets; leveraging technical know-how for market advantage.

Financial highlights

Revenue of Rs 41.94 crore and net profit of Rs 2.16 crore for FY 2024-25; profit before tax nearly doubled year-over-year.

Geographical revenue split

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Order book

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Whats driving growth

Growth driven by increased steel sector demand and rising solar energy revenues.

Our future plans

Focus on maintaining growth in refractory segment and expanding solar energy operations.

Our green promise

Committed to energy conservation and sustainability through solar power investments.

Our people and values

Employs 107 staff; emphasizes ethical conduct, zero tolerance for corruption, and employee development.

Key challenges ahead

Steel industry volatility and market competition pose risks, mitigated by diversification efforts.

Interesting facts

The company maintains internal audit independence and has zero tolerance for workplace harassment.

Risks and strategy

Steel sector downturn risks addressed via operational efficiencies and solar energy diversification.