Ceramic Tile Manufacturer Expands Export Footprint with Key International Alliances
The stock is up by 60 per cent from its 52-week low of Rs 101 per share.
Manoj Ceramic Limited (INE0A6N01026) has significantly bolstered its global footprint through strategic international collaborations and an export-focused growth strategy. This approach includes the appointment of regional business ambassadors across promising African markets such as Burundi, Sudan, Senegal, and Angola. These strategic initiatives are anticipated to generate new revenue streams and enhance margins by securing substantial project orders and exclusive supply agreements.
A key highlight includes the Burundi partnership in December 2024, where MCPL entered into a significant collaboration with the Government of Burundi for exclusive tile supply contracts. The Home Décor market in Burundi is projected to generate USD 30.86k in revenue in 2025, with an expected CAGR of 14.68 per cent from 2025 to 2029, reaching a market volume of USD 53.39k by 2029. Furthermore, MCPL's engagement in Sudan during February 2025, spearheaded by appointed regional leadership, has focused on building strong relationships with contractors and institutional buyers. The Home Decor market in Sudan is set to reach USD 2.32M in 2025, growing at a 10.47 per cent CAGR to hit USD 3.45M by 2029.
Expanding its presence further, MCPL entered Senegal in February 2025 through localised channel partnerships, capitalising on the increasing demand for modern interior solutions. The Home Decor market in Senegal is projected to hit USD 967.96K in 2025, growing at an 8.82 per cent CAGR to reach USD 1.36M by 2029. Additionally, MCPL has strengthened its presence in East Africa, with Mr. Joel leading operations in Uganda for several years. Africa’s home décor market is expected to reach USD 9.92B by 2030, growing at a 9.1 per cent CAGR from 2025. As part of its expansion, MCPL also secured a major schooling infrastructure project in Angola. The Floor Covering market in Angola is projected to reach USD 1.31M in 2025, growing at a 12.63 per cent CAGR to USD 2.10M by 2029.
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About the Company
Established in 1991 as ‘Manoj and Company,’ the business initially focused on trading building and construction materials such as marbles, granites and tiles. Manoj Ceramic Limited (MCPL) has since evolved into an internationally standardised ceramic contract-manufacturing public limited company, specialising in ceramic tiles and tile adhesives under its brand “MCPL,” distributed through dealers, retail showrooms, B2B wholesale, and exports. Through continuous adoption of new technology and innovation, MCPL has established itself as a trendsetter in the ceramic industry, shaping modern design standards worldwide. After 3 decades of excellence, MCPL continues its strategic expansion, reaching every wall and floor with innovative solutions.
The company has a market cap of Rs 184 crore. The stock is up by 60 per cent from its 52-week low of Rs 101 per share.
Disclaimer: The article is for informational purposes only and not investment advice.