What we do Murudeshwar Ceramics Ltd pioneers manufacturing of world-class vitrified and ceramic tiles under the brand 'NAVEEN'. |
Founded in 1,983 |
Market share Leading presence with over 73 company-owned showrooms across India and technical collaborations with top Italian tile manufacturers. |
Problem solved Provides high-quality, durable, and aesthetically appealing tiles solving construction and interior design needs. |
Top clients or who we serve Cater to both B2B customers like architects and contractors, and B2C end consumers nationwide. |
Key management Chairman & Managing Director Satish Rama Shetty and Director Naveen Rama Shetty lead with decades of industry expertise. |
Our journey and innovations Started in 1983, expanded capacities multiple times, adopted Italian technology, and commissioned advanced manufacturing plants in Karnataka and Pondicherry. |
Where we operate India-wide with manufacturing in Karnataka and Pondicherry and sales presence across India. |
Top products or what we offer Flagship vitrified and ceramic tiles under 'NAVEEN' brand, including large-format tiles and wall tiles. |
Top brands NAVEEN Naveen Diamontile series - iconic legacy brand, market leader in vitrified tiles in India. |
Raw materials needed High-quality clay, feldspar, kaolin, and other minerals for tile manufacturing. |
Raw materials supplier Sourced domestically and from Italy, particularly plant machinery and technology from SACMI and Breton Italy. |
Recurring vs cyclical contribution Revenue mainly recurring from tile sales; cyclical influences include construction industry demand cycles. |
Our industry position Strong market position with technological collaboration and extensive showroom network. |
Financial highlights FY 2024-25 revenue Rs. 202.86 Crores; Profit Rs. 9.92 Crores; EPS improved to 1.60 (Standalone). |
Geographical revenue split Primarily India-centric revenue; no specific export details provided. |
Order book - |
Whats driving growth Expansion of manufacturing capacity, enhanced product range, and increasing demand in India’s real estate sector. |
Our future plans Capacity expansions at Sira and Karaikal plants recently completed; continue focus on R&D and market expansion. |
Our green promise Installed coal gasification for kilns to reduce emissions; committed to energy conservation and sustainability. |
Our people and values 309 employees focused on innovation, customer-centricity, and ethical business practices. |
Key challenges ahead Market competition, supply chain volatility, and maintaining cost efficiencies. |
Interesting facts One of the first Indian tile makers to adopt Italian tile manufacturing technology with zero production delay at inception. |
Risks and strategy Risk management policy to mitigate operational and market risks; focus on innovation, quality, and financial discipline. |
