Associated Coaters
ASSOCIATEDCOATERSLTD NSE
Associated Coaters
Industrial ProductsNSE: ASSOCIATEDCOATERSLTD BSE: 544183 Other Industrial Products
Key Fundamentals
SMEOther Industrial ProductsIndustrial ProductsMarket Cap
₹15.00 Cr
Volatility
Low Risk
P/E Ratio
13.1
EBITDA
₹1.62 Cr
Return on Equity
15.66%
Debt to Equity
0.01
Book Value
₹57.86
EPS
₹7.45
52W High
₹132.5
52W Low
₹72
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 168 days.
Growth Rate
Revenue Growth
37.67% higher than
3Y
Net Income Growth
2.73% lower than
3Y
Cash Flow Change
-111% higher than
3Y
ROE
-74.21% lower than
3Y
ROCE
-68.67% lower than
3Y
EBITDA Margin (Avg.)
-32.26% lower than
3Y
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 2.21 | 3.74 | 3.1 | 5.16 |
| Expenses | 1.62 | 2.64 | 2.39 | 4.25 |
| Operating Profit | 0.59 | 1.1 | 0.71 | 0.91 |
| OPM % | 26.7% | 29.41% | 22.9% | 17.64% |
| Other Income | 0.01 | 0.01 | 0.05 | 0.06 |
| Interest | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.07 | 0.19 | 0.11 | 0.12 |
| PBT | 0.52 | 0.92 | 0.65 | 0.85 |
| Tax % | 21.15% | 23.91% | 26.15% | 28.24% |
| Net Profit | 0.4 | 0.69 | 0.48 | 0.61 |
| EPS in Rs | 2.96 | 5.1 | 3.55 | 4.51 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 1.39 | 3.59 | 5.38 | 5.96 | 8.26 |
| Expenses | 0 | 0 | 1.17 | 2.76 | 3.87 | 4.25 | 6.63 |
| Operating Profit | 0 | 0 | 0.22 | 0.83 | 1.51 | 1.71 | 1.63 |
| OPM % | — | — | 15.83% | 23.12% | 28.07% | 28.69% | 19.73% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Interest | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 |
| Depreciation | 0 | 0 | 0.04 | 0.08 | 0.15 | 0.26 | 0.23 |
| PBT | 0 | 0 | 0.18 | 0.74 | 1.35 | 1.44 | 1.5 |
| Tax % | — | — | 27.78% | 25.68% | 25.19% | 25.69% | 22.67% |
| Net Profit | 0 | 0 | 0.14 | 0.55 | 1.01 | 1.06 | 1.15 |
| EPS in Rs | 0 | 0 | 46.67 | 183 | 10.86 | 7.84 | 8.51 |
| Div. Payout % | — | — | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.03 | 0.93 | 1.35 | 1.35 |
| Reserves | 0 | -0.01 | 0.13 | 0.68 | 0.73 | 5.43 | 6.47 |
| Borrowings | 0 | 0 | 0.1 | 0.66 | 0.35 | 0.1 | 0.1 |
| Other Liabilities | 0 | 0.01 | 1.76 | 1.59 | 2.51 | 2.46 | 2.5 |
| Total Liabilities | 0.03 | 0.03 | 2.02 | 2.96 | 4.52 | 9.34 | 10.42 |
| Fixed Assets | 0 | 0 | 0.52 | 0.48 | 0.85 | 2.15 | 2.63 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.64 |
| Other Assets | 0.03 | 0.03 | 1.5 | 2.48 | 3.67 | 7.19 | 6.15 |
| Total Assets | 0.03 | 0.03 | 2.02 | 2.96 | 4.52 | 9.34 | 10.42 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | — | 0 | 0.52 | 0.63 | 0.8 | -0.09 | 1.68 |
| Investing | — | 0 | -0.56 | -0.03 | -0.54 | -1.56 | -0.72 |
| Financing | — | 0 | 0.1 | -0.01 | -0.37 | 3.8 | 0 |
| Net Cash Flow | — | 0 | 0.05 | 0.59 | -0.11 | 2.14 | 0.96 |
| Free Cash Flow | — | 0 | -0.04 | 0.6 | 0.28 | -1.65 | 0.96 |
| CFO/OP | — | — | 236 | 82 | 66 | 18 | 101 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | 357 | 154 | 172 | 225 | 168 |
| Inventory Days | — | — | 10.53 | 8.16 | 26.55 | 52.74 | 31.2 |
| Days Payable | — | — | 344 | 208 | 214 | 210 | 129 |
| Cash Conversion Cycle | — | — | 23.71 | -46.31 | -15.5 | 67.93 | 70.43 |
| Working Capital Days | — | — | -86.65 | 22.37 | 40.03 | 122 | 91.47 |
| ROCE % | — | 0% | 128.57% | 92.02% | 80.47% | 32.62% | 20.27% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Associated Coaters insights
56 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Clarification sought from Associated Coaters Ltd
6 Aug - Exchange has sought clarification from Associated Coaters Ltd on August 6, 2026 with reference to significant movement in price, in order to ensure that investors … 6 Aug - Exchange has sought clarification from Associated Coaters Ltd on August 6, 2026 with reference to significant movement in price, in order to ensure that investors …
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Company hereby submits the Certificate under Regulation 75(4) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter and year ended 31st March 2026. 15 Apr - Company hereby submits the Certificate under Regulation 75(4) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter and year ended 31st March 2026.
4
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
16 Mar - Postal ballot approved Navneet Kaur as Whole Time Director and Chairperson; Harbhajan Thethi becomes Non-Executive Director, 628,438 votes. 16 Mar - Postal ballot approved Navneet Kaur as Whole Time Director and Chairperson; Harbhajan Thethi becomes Non-Executive Director, 628,438 votes.
5
Price Movement In Securities- Clarification
20 Feb - Reply to BSE on Feb 20, 2026: price movement market-driven; no undisclosed events. 20 Feb - Reply to BSE on Feb 20, 2026: price movement market-driven; no undisclosed events.
Frequently Asked Questions about Associated Coaters
What does Associated Coaters Ltd do?
Incorporated in 2017, Associated
Coaters Ltd is in business of metal
coating[1]
Where is Associated Coaters Ltd (544183) listed?
Associated Coaters Ltd trades as ASSOCIATEDCOATERSLTD on the NSE and under code 544183 on the BSE.
Which sector does Associated Coaters Ltd belong to?
Associated Coaters Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the market capitalisation of Associated Coaters Ltd?
Associated Coaters Ltd has a market capitalisation of ₹15 Cr, which places it in the Small Cap band.
What is the PE ratio of Associated Coaters Ltd?
Associated Coaters Ltd trades at a PE ratio of 13.10, on earnings per share of ₹7.45, against a book value of ₹57.86 per share.
What is the 52-week high and low of Associated Coaters Ltd?
Over the last 52 weeks Associated Coaters Ltd has traded between ₹72 and ₹132.5.
What is the Return on Equity (ROE) of Associated Coaters Ltd?
Associated Coaters Ltd reported a return on equity of 15.66%. Its debt-to-equity ratio is 0.01.
Company Information
Incorporated in 2017, Associated Coaters Ltd is in business of metal coating[1]
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