Associated Coat.

  • Market Cap: Micro Cap
  • Industry: Other Industrial Products
  • ISIN: INE0RIQ01013
  • NSEID:
  • BSEID: 544183
INR
101.85
0.65 (0.64%)
BSENSE

Jan 16

BSE+NSE Vol: 2500

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

2.5 k (108.33%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

68.79%

Who are the top shareholders of the Associated?

06-Jun-2025

The top shareholder of Associated is Jagjit Singh Dhillon, who holds 45.84% of the shares. Individual investors own 28.81%, while there are no mutual funds or foreign institutional investors involved.

The top shareholders of Associated are primarily the promoters, with Jagjit Singh Dhillon holding the largest share at 45.84%. There are no pledged promoter holdings, and individual investors collectively own 28.81% of the company. Currently, there are no mutual funds or foreign institutional investors holding shares in Associated.

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how big is Associated?

06-Jun-2025

As of May 29, Associated Coaters Ltd has a market capitalization of 18.00 Cr, classifying it as a Micro Cap company. There is no valid financial data available for the latest four quarters, but as of March 2024, shareholder's funds are valued at 1.66 Cr, with total assets of 4.52 Cr.

Market Cap: As of May 29, Associated Coaters Ltd has a market capitalization of 18.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: As of May 29, there is no valid Consolidated or Standalone financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the reporting period of March 2024. Shareholder's Funds are valued at 1.66 Cr, and Total Assets amount to 4.52 Cr.

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Has Associated declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Associated?

04-Jun-2025

Peers of Associated include PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Indus., Harsha Engg Intl, Ador Welding, Diffusion Eng, Oriental Rail, and Mallcom (India). Management risk varies from excellent to average among peers, with PTC Industries showing the highest 1-year return at 55.24% and Kirloskar Indus. the lowest at -38.16%.

Peers: The peers of Associated are PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Indus., Harsha Engg Intl, Ador Welding, Diffusion Eng, Oriental Rail, Mallcom (India).<BR><BR>Quality Snapshot: Excellent management risk is observed at Inox India and Esab India, while Good management risk is found at KRN Heat Exchan and Ador Welding, Average management risk is found at PTC Industries, Kirloskar Indus., Harsha Engg Intl, Diffusion Eng, Oriental Rail, and Mallcom (India). Growth is Excellent at Kirloskar Indus., Good at KRN Heat Exchan and Associated, Average at PTC Industries and Ador Welding, and Below Average at Inox India, Esab India, Harsha Engg Intl, Oriental Rail, and Mallcom (India). Capital Structure is Excellent at Inox India, Esab India, KRN Heat Exchan, Ador Welding, and Mallcom (India), Good at Kirloskar Indus., and Average at PTC Industries, Harsha Engg Intl, Diffusion Eng, and Oriental Rail.<BR><BR>Return Snapshot: PTC Industries has the highest 1-year return at 55.24%, while Kirloskar Indus. has the lowest at -38.16%, with Associated's 1-year return being N/A. Additionally, several peers have negative six-month returns, including Kirloskar Indus., Harsha Engg Intl, Ador Welding, and Oriental Rail.

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What does Associated Coat. do?

17-Jul-2025

Associated Coaters Ltd is a Micro Cap company in the Other Industrial Products industry, incorporated in 2017, with no available revenue or profit data. It has a market cap of INR 14 Cr, a P/E ratio of 13.00, and a return on equity of 63.89%.

Overview: <BR>Associated Coaters Ltd operates in the Other Industrial Products industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>The company was incorporated on December 22, 2017, as 'Associated Coaters Private Limited' under the Companies Act, 2013. There are no reported status changes, and revenue and profit data are not available for any quarter.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 14 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 13.00 <BR>Industry P/E: 32 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.12 <BR>Return on Equity: 63.89% <BR>Price-to-Book: 8.42 <BR><BR>Contact Details: <BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

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When is the next results date for Associated Coat.?

11-Nov-2025

The next results date for Associated Coat is 14 November 2025.

The next results date for Associated Coat is scheduled for 14 November 2025.

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How has been the historical performance of Associated Coat.?

15-Nov-2025

Associated Coat has experienced significant growth from Mar'22 to Mar'25, with net sales rising from 1.39 Cr to 5.96 Cr, and profit after tax increasing from 0.14 Cr to 1.06 Cr. The company's total assets also grew from 2.02 Cr to 9.31 Cr, indicating a strengthening financial position.

Answer:<BR>The historical performance of Associated Coat has shown significant growth over the past few years.<BR><BR>Breakdown:<BR>Associated Coat's net sales have increased from 1.39 Cr in Mar'22 to 5.96 Cr in Mar'25, indicating a strong upward trend. The total operating income has mirrored this growth, rising from 1.39 Cr in Mar'22 to 5.96 Cr in Mar'25. The company's total expenditure has also grown, from 1.17 Cr in Mar'22 to 4.25 Cr in Mar'25, but the operating profit (PBDIT) has improved significantly from 0.22 Cr to 1.71 Cr during the same period, reflecting better operational efficiency. Profit before tax has increased from 0.18 Cr in Mar'22 to 1.44 Cr in Mar'25, and profit after tax has followed suit, rising from 0.14 Cr to 1.06 Cr. The earnings per share (EPS) have shown a remarkable increase, reaching 11.4 in Mar'25 from 46.67 in Mar'22. On the balance sheet, total assets have grown from 2.02 Cr in Mar'22 to 9.31 Cr in Mar'25, while total liabilities have also increased, but at a slower pace, from 2.02 Cr to 9.31 Cr, indicating a strengthening financial position. The cash flow from financing activities has been positive, contributing to a net cash inflow of 2.00 Cr in Mar'25, compared to no cash inflow in previous years. Overall, Associated Coat has demonstrated robust growth in sales, profits, and asset accumulation over the years.

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Is Associated Coat. overvalued or undervalued?

05-Dec-2025

As of December 4, 2025, Associated Coat. is fairly valued with a PE ratio of 14.65 and strong financial metrics, despite a year-to-date stock underperformance of -44.78% compared to the Sensex's 9.12%, indicating potential for recovery.

As of 4 December 2025, the valuation grade for Associated Coat. has moved from very attractive to fair, indicating a shift in market perception. The company is currently fairly valued based on its key financial ratios, including a PE ratio of 14.65, an EV to EBITDA of 7.53, and a ROCE of 31.39%. Compared to peers, Associated Coat. stands out with a significantly lower PE ratio than Altius Telecom, which has a PE of 52.52, and a more favorable EV to EBITDA ratio compared to Embassy Off.REIT, which is at 22.57.<BR><BR>Given the current valuation metrics and the peer comparison, Associated Coat. appears to be fairly valued. While the stock has underperformed the Sensex year-to-date, with a return of -44.78% compared to the Sensex's 9.12%, the company's strong ROCE and competitive ratios suggest it may have potential for recovery.

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Why is Associated Coaters Ltd falling/rising?

19-Jan-2026

As of 18-Jan, the stock price of Associated Coaters Ltd is rising to 101.85, reflecting a 5.0% increase due to strong relative performance and increased investor participation. Despite a significant decline over the past year, current trends suggest a short-term recovery.

As of 18-Jan, the stock price of Associated Coaters Ltd is rising, currently at 101.85, which reflects an increase of 4.85 or 5.0%. This rise can be attributed to several factors. Firstly, the stock has outperformed its sector by 5.56% today, indicating strong relative performance. Additionally, the stock reached an intraday high of Rs 101.85, suggesting positive momentum within the trading day.<BR><BR>Moreover, there has been a notable increase in investor participation, with delivery volume on 14 January rising by 114.29% compared to the 5-day average. This surge in trading activity often signals increased investor interest and confidence in the stock. <BR><BR>While the stock has faced challenges over longer periods, such as a 39.93% decline over the past year, the current performance indicates a short-term recovery trend, supported by higher trading volumes and positive market sentiment today.

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Stock DNA

stock-summary
Industry

Other Industrial Products

stock-summary
Market cap

INR 13 Cr (Micro Cap)

stock-summary
P/E

13.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.37

stock-summary
Return on Equity

14.56%

stock-summary
Price to Book

1.80

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
6.65%
0%
6.65%
6 Months
5.76%
0%
5.76%
1 Year
-39.93%
0%
-39.93%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Associated Coat. for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

05-Jan-2026 | Source : BSE

Please find enclosed herewith Certificate under Regulation 74(5) of SEBI(Depository & Participants) Regulations 2018 received from RTA for the quarter ended 31st December 2025.

Closure of Trading Window

24-Dec-2025 | Source : BSE

The Trading Window for dealing in the securities of the Company shall remain closed from 01.01.2026 till 48 hours after the declaration of the Audited Financial Statements for the Financial year ended 31.03.2026

Non- Applicability Of Regulation 23 Of SEBI (LODR) Regulations 2015.

14-Nov-2025 | Source : BSE

The Company hereby submits Non-Applicability of disclosure of Related Party Transactions for the half year ended 30th September 2025.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
62.50%
EBIT Growth (5y)
31.42%
EBIT to Interest (avg)
0.94
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.37
Sales to Capital Employed (avg)
0.84
Tax Ratio
26.39%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
42.15%
ROE (avg)
17.35%

Valuation key factors

Factor
Value
P/E Ratio
13
Industry P/E
0
Price to Book Value
1.89
EV to EBIT
7.66
EV to EBITDA
6.50
EV to Capital Employed
2.40
EV to Sales
1.86
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
31.39%
ROE (Latest)
14.56%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Sideways
Moving Averages
Bearish (Daily)
KST
Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Jagjit Singh Dhillon (45.84%)

Highest Public shareholder

None

Individual Investors Holdings

29.25%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Associated Coat."
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 40.27% vs -5.15% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 20.00% vs 21.21% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3.10",
          "val2": "2.21",
          "chgp": "40.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.71",
          "val2": "0.59",
          "chgp": "20.34%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.01",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.48",
          "val2": "0.40",
          "chgp": "20.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "22.90%",
          "val2": "26.70%",
          "chgp": "-3.80%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Associated Coat."
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 10.78% vs 49.86% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 4.95% vs 83.64% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "5.96",
          "val2": "5.38",
          "chgp": "10.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1.71",
          "val2": "1.51",
          "chgp": "13.25%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.01",
          "val2": "0.01",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.06",
          "val2": "1.01",
          "chgp": "4.95%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "28.69%",
          "val2": "28.07%",
          "chgp": "0.62%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
3.10
2.21
40.27%
Operating Profit (PBDIT) excl Other Income
0.71
0.59
20.34%
Interest
0.00
0.01
-100.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.48
0.40
20.00%
Operating Profit Margin (Excl OI)
22.90%
26.70%
-3.80%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 40.27% vs -5.15% in Sep 2024

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is 20.00% vs 21.21% in Sep 2024

Annual Results Snapshot (Standalone) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
5.96
5.38
10.78%
Operating Profit (PBDIT) excl Other Income
1.71
1.51
13.25%
Interest
0.01
0.01
Exceptional Items
0.00
0.00
Standalone Net Profit
1.06
1.01
4.95%
Operating Profit Margin (Excl OI)
28.69%
28.07%
0.62%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 10.78% vs 49.86% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 4.95% vs 83.64% in Mar 2024

stock-summaryCompany CV
About Associated Coaters Ltd stock-summary
stock-summary
Associated Coaters Ltd
Micro Cap
Other Industrial Products
The Company was incorporated on December 22, 2017 as `Associated Coaters Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 22, 2017 issued by the Registrar of Companies, Kolkata.
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