Morganite Crucible (India) share price

Morganite Crucible (India) Ltd's share price was ₹1,335.30 at the close on 6 March 2026. It has been falling for 7 weeks. That is 10.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,228 and ₹1,714, and at that close it sat 22% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Morganite Crucible (India) Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 19 weeks running.

Over the last 10 years the share price moved +533% while the NIFTY 500 moved +260%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 24 October 2025. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: best operating margin in 13 quarters and highest quarterly revenue in 13 quarters.

1. Best operating margin in 13 quarters

   Operating margin was 30.8% in the December 2025 quarter, against 23.5% a year earlier.

2. Highest quarterly revenue in 13 quarters

   Revenue of ₹46 crore in the December 2025 quarter is the highest of the last 13 quarters.

The NSE corporate-actions record has no dividend for Morganite Crucible (India) since 1 April 2021, so this page cannot show amounts per share.

Yes. Morganite Crucible (India) Ltd paid out 100% of its profit as dividends in FY25, and it paid a dividend in 11 of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For October to December 2025 (the quarter ended 31 December 2025), Morganite Crucible (India) reported revenue of ₹46.1 crore, up 3.2% from ₹44.7 crore a year earlier, and a profit of ₹5.57 crore, down 29.0% from ₹7.85 crore.

Morganite Crucible (India) results: October to December 2025 against a year earlier

The next results, for January to March 2026, are due by 30 May 2026: listed companies must publish quarterly results within 60 days of the quarter's end (the January to March quarter comes with the full-year accounts).

From the company's reported quarterly results (quarter ended 31 December 2025). Revenue and profit in ₹ crore.

Morganite Crucible (India) closed at ₹1,335.30 on 6 March 2026, up 2.9% from ₹1,298.00 a year earlier (7 March 2025) and up 61.6% over five years. Its highest weekly close since March 2016 was ₹1,925.15 on 18 October 2024.

Morganite Crucible (India) share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Mar 2026 close. A day's intraday high or low can go beyond these weekly closes.

522 weekly closes from 11 March 2016 to 6 March 2026.

6 Mar 2026: Morganite Crucible (India) closed at ₹1,335.30, up 1.9% on the week and down 7.9% on the month. Results for October to December 2025: Revenue up 3.2% and profit down 29.0% on a year earlier.

Morganite Crucible (India) is not on any of our India lists this week.

Morganite Crucible (India) Ltd earned ₹5.6 Cr of net profit in the Dec 2025 quarter, −29.0% on the same quarter a year earlier. Full-year FY25 profit was ₹28.0 Cr. Over 10 years profit has grown 16.7% a year on average. That is 12.1% of the quarter's revenue. The same quarter a year earlier earned ₹7.8 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was ₹28.0 Cr (+21.7% on the year before).

Why profit moved: revenue changed +3.2% on a year earlier and the margin moved +7.3 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +63.4% and revenue +3.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Morganite Crucible (India) Ltd reported ₹46.1 Cr of revenue in the Dec 2025 quarter, +3.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 6.9% a year on average. The last full year, FY25, came in at ₹174 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹177 Cr.

FY25 revenue was ₹174 Cr, +3.6% on the year before.

Recent pace: the last four quarters grew +3.0% on average, against 6.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.0%, against +4.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −9.3%, against −3.6% a year (rolling over).

Morganite Crucible (India) Ltd's operating margin was 30.8% in the Dec 2025 quarter, 7.3 percentage points higher than the same quarter a year ago. Across 12 years it has been between 10.0% and 26.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +7.3 percentage points on the year while gross margin changed +3.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 149% of Morganite Crucible (India) Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in ₹25.0 Cr of operating cash against ₹28.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹32.0 Cr of spending on assets, free cash was −₹7.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 149% of profit came in as cash: the cash cycle got 76 days shorter between FY20 and FY25, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

Morganite Crucible (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 2 days in FY25, down from 78 days in FY20. It spent ₹57.0 Cr on assets over the last 3 years. Customers take 65 days to pay, and stock sits for 100 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY25 sales of ₹174 Cr, each day of that cycle ties up about ₹0.5 Cr, so roughly ₹1.0 Cr is tied up in the business at any time.

FY25: customers took 65 days to pay and stock sat for 100 days, about 3.3 months of sales sitting as stock, for a full cycle of 2 days, shorter than FY20's 78.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 100 days. Customers pay about 65 days after that. Suppliers are paid at 164 days. Together that makes the 2-day cycle.

Spending on assets: ₹57.0 Cr over the last 3 years, against ₹25.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹4.0 Cr (FY25): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Morganite Crucible (India) Ltd's P/E is 30.2×, in the middle of its own history: higher than 60% of past readings. Its usual P/E (the middle reading) is 27.6×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Dec 2025 add up to ₹41.07.