A deep dive into Morganite Crucible (MORGANITE) — examining the financials, valuation picture, and who owns the stock.
Morganite Crucible Revenue Trend
Top-line growth continued for Morganite Crucible, with FY2025 revenue reaching ₹174 Cr — a 3.7% increase over FY2024.
Stepping back, Morganite Crucible's 4.7% revenue CAGR over 10 years is tepid, barely outpacing inflation.
Morganite Crucible is a smaller cement and cement products company by revenue, with a top line of ₹174 Cr.
The consistency stands out: 4 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹174 Cr | +3.7% |
| FY2024 | ₹168 Cr | +8.6% |
| FY2023 | ₹155 Cr | +1.5% |
| FY2022 | ₹152 Cr | +37.3% |
| FY2021 | ₹111 Cr | — |
View Morganite Crucible's full 10-year revenue trend with CAGR analysis →
Morganite Crucible Profitability
A 17.3% improvement in net profit took Morganite Crucible's bottom line to ₹27.5 Cr in FY2025.
Net margin widened to 15.8% in FY2025 — an improvement from the 14.0% recorded in FY2024.
On an EPS basis, the company earned ₹49.18 (diluted) in FY2025 versus ₹41.94 in FY2024.
Is Morganite Crucible Undervalued
Based on the P/E Ratio model, Morganite Crucible's fair value works out to ₹1,540 — 28.3% upside from where it trades today.
Morganite Crucible shares are currently trading at ₹1,199.95.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,540 | 28.3% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Morganite Crucible with detailed assumptions →
Morganite Crucible Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹1.70B, down 2.2% YoY from ₹1.74B.
Property, Plant & Equipment accounts for 48.2% of the total, ahead of Receivables (18.3%) and Cash & ST Investments (12.4%).
Capital structure: 77.4% equity, 0.6% debt, 22.0% operating liabilities. Over the year, debt is down 22.7% and equity is up 2.7%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 211.94M |
| Receivables | 312.41M |
| Inventories | 173.62M |
| Property, Plant & Equipment | 820.39M |
| Intangibles & Goodwill | 15.32M |
| Other Assets | 169.37M |
| Category | Value |
|---|---|
| Equity | 1.32B |
| Short-term Debt | 3.35M |
| Long-term Debt | 7.02M |
| Trade Payables | 282.86M |
| Other Liabilities | 92.12M |
Morganite Crucible Investment Snapshot
Pulling it all together, here's what the numbers say about Morganite Crucible (MORGANITE) heading into the next fiscal year.
Revenue of ₹174 Cr in FY2025, up 3.7% year-over-year.
Long-term revenue has been compounding at 4.7% annually over 10 years.
The company is profitable, with a net margin of 15.8% and net income of ₹27.5 Cr.
The P/E Ratio model implies 28.3% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
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