What we do Morganite Crucible (India) Ltd manufactures and sells advanced silicon carbide and clay graphite crucibles used primarily in non-ferrous metal industries and lithium-ion battery material processing. |
Founded in 1,986 |
Market share A leading crucible manufacturer in India with significant presence in non-ferrous metal and export markets including Asia, Europe, Africa, and North America. |
Problem solved Provides high-quality crucibles essential for melting and holding molten metals, serving foundry and lithium-ion battery industries. |
Top clients or who we serve Serves Tata Group, Indian Railways, Bajaj Auto, Titan, and other industrial clients with B2B focus in metal, foundry, and battery sectors. |
Key management - |
Our journey and innovations Established in 1986, went public in 1987; expanded capacities and product lines including lithium-ion battery saggars with new technologies. |
Where we operate India, Asia and Far East, Europe, Africa and Middle East, North America, and other international markets. |
Top products or what we offer Resin bonded silicon carbide crucibles, clay graphite crucibles, foundry consumables, refractory materials, and lithium-ion battery saggars. |
Top brands Morganite crucibles - renowned for quality and reliability; lithium-ion battery saggar pilot line launched recently. |
Raw materials needed Graphite, silicon carbide, clay, and resin bonding materials for crucible manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from consistent foundry and industrial demand with moderate cyclical fluctuations. |
Our industry position Established market leader in crucible manufacturing in India with expanding global exports and niche products in battery materials. |
Financial highlights FY2025 revenue ₹174.19 crore; profit after tax ₹27.54 crore; steady growth and strong margins. |
Geographical revenue split India (45.9%), Asia/Far East (14.08%), Europe (18.45%), Africa/Middle East (16.19%), North America (8.33%), Other (4.75%). |
Order book - |
Whats driving growth Infrastructure investments, foundry sector expansion, sustainable technology adoption, and lithium-ion battery material demands. |
Our future plans Expand lithium-ion battery saggar production and upgrade impregnation technology to improve efficiencies and sustainability. |
Our green promise Installed rooftop solar (1 MW), rainwater harvesting, zero liquid discharge, and ongoing emission reductions aligning with carbon neutrality goals. |
Our people and values Focus on diversity, inclusion, safety culture, and leadership development to build a skilled and engaged workforce. |
Key challenges ahead Market demand volatility, geopolitical trade uncertainties, and regulatory compliance risks. |
Interesting facts Morganite dates back to 1856; recently introduced advanced vacuum impregnation system for larger crucibles. |
Risks and strategy Mitigates risks through diversification, technological innovation, strong governance, and adherence to safety and compliance. |
