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Elegant Marbles&Gran Overview

Elegant Marbles & Grani Industries Ltd. is a distinguished player in the luxury stone industry boasting over 35 years of expertise. With a rich history that dates back to the early 1980s, Elegant Marbles was the first in India to introduce Italian machinery for marble processing, setting a new standard in architectural materials. Journey began with a vision to achieve an international standard in Italian marble processing, leading to the establishment of a factory in Mt. Abu, Rajasthan. This was followed by the opening of Mumbai’s larges...Read More

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Elegant Marbles&Gran Key Financials

Market Cap ₹59 Cr.

Stock P/E 12.6

P/B 0.4

Current Price ₹200.6

Book Value ₹ 492.1

Face Value 10

52W High ₹279.5

Dividend Yield 0.5%

52W Low ₹ 190

Elegant Marbles&Gran Share Price

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Volume
Price

Elegant Marbles&Gran Quarterly Price

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Elegant Marbles&Gran Peer Comparison

Elegant Marbles&Gran Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 8 9 10 8 7 10 5 6 7 8
Other Income 1 1 1 1 0 1 1 1 1 1
Total Income 8 9 10 9 7 11 6 7 7 9
Total Expenditure 6 7 9 8 5 7 5 7 6 7
Operating Profit 2 2 2 0 2 3 1 1 2 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses -1 0 0 -0 0 0 0 0 -0 0
Profit Before Tax 1 2 2 0 2 3 1 0 1 2
Provision for Tax 0 1 0 0 0 1 0 -0 0 0
Profit After Tax 1 2 1 0 1 3 1 0 1 1
Adjustments 0 0 0 0 -0 0 0 -0 -0 0
Profit After Adjustments 1 2 1 0 1 3 1 0 1 1
Adjusted Earnings Per Share 1.9 5.2 3.4 0.7 4 8.6 1.9 1.4 2.8 4.1

Elegant Marbles&Gran Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 27 30 28 24 20 10 9 28 36 34 29 26
Other Income 6 7 6 4 3 3 3 2 2 3 3 4
Total Income 32 37 35 29 23 13 12 30 38 37 31 29
Total Expenditure 26 29 27 23 19 12 13 26 32 30 24 25
Operating Profit 6 8 8 5 4 2 -1 3 6 7 7 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -2 -1 0 0
Profit Before Tax 6 8 8 5 4 1 -1 3 4 5 6 4
Provision for Tax 1 1 2 1 1 0 0 0 1 1 1 0
Profit After Tax 5 6 6 4 3 1 -1 3 3 4 5 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 6 6 4 3 1 -1 3 3 4 5 3
Adjusted Earnings Per Share 11.8 14.4 13.2 11.9 8.9 4 -2.1 7.3 8.3 13.7 15.9 10.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -15% 1% 24% 1%
Operating Profit CAGR 0% 33% 28% 2%
PAT CAGR 25% 19% 38% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -26% 20% 14% 8%
ROE Average 3% 3% 2% 5%
ROCE Average 4% 4% 3% 6%

Elegant Marbles&Gran Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 58 63 90 87 91 70 91 105 106 129 145
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -0 -1 -1 -1 -1 -1 -1 -1 1 1 1
Total Current Liabilities 11 11 12 12 3 2 2 3 7 4 5
Total Liabilities 68 73 101 98 93 70 93 108 113 135 151
Fixed Assets 1 1 1 1 1 1 1 2 2 5 9
Other Non-Current Assets 50 59 85 79 73 51 69 78 84 99 102
Total Current Assets 17 13 15 19 19 19 24 28 27 31 40
Total Assets 68 73 101 98 93 70 93 108 113 135 151

Elegant Marbles&Gran Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 1 1 1 2 2 4 2 4
Cash Flow from Operating Activities 2 4 -2 -5 -9 -2 -7 -3 5 -6 -5
Cash Flow from Investing Activities -1 -3 1 22 8 3 8 4 -6 42 9
Cash Flow from Financing Activities -1 -1 0 -17 0 0 0 0 -1 -34 -1
Net Cash Inflow / Outflow -0 0 -0 0 -1 1 1 2 -2 2 3
Closing Cash & Cash Equivalent 1 1 1 1 1 2 2 4 2 4 7

Elegant Marbles&Gran Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.83 14.42 13.23 11.93 8.93 4.03 -2.15 7.35 8.3 13.68 15.87
CEPS(Rs) 12.3 14.87 13.65 12.39 9.7 4.39 -1.78 7.89 9.12 15.38 19.34
DPS(Rs) 2 2 0 0 0 0 0 2.75 0 2.75 1
Book NAV/Share(Rs) 128.6 140.6 199.87 238.67 247.64 190.47 249.79 288.24 289.5 436.83 490.17
Core EBITDA Margin(%) 3.1 3.74 5.32 3.87 5.74 -12.65 -36.13 4.78 10.74 12.57 15.09
EBIT Margin(%) 23.22 26.26 27.01 21.82 19.84 14.59 -8.47 11.26 11.84 15.94 20.39
Pre Tax Margin(%) 23.22 26.26 27.01 21.82 19.84 14.59 -8.47 11.26 11.84 15.94 20.39
PAT Margin (%) 20.02 21.45 20.9 18.17 16.62 14.35 -8.49 9.67 8.52 11.84 16.48
Cash Profit Margin (%) 20.81 22.12 21.57 18.86 18.05 15.63 -7.04 10.38 9.36 13.31 20.08
ROA(%) 8.24 9.16 6.82 4.39 3.42 1.81 -0.96 2.68 2.75 3.27 3.29
ROE(%) 9.54 10.72 7.77 4.93 3.67 1.84 -0.98 2.73 2.87 3.44 3.42
ROCE(%) 11.07 13.12 10.04 5.92 4.38 1.87 -0.97 3.18 3.99 4.64 4.24
Receivable days 22.67 18.61 16.66 19.15 24.56 36.79 38.57 31.34 38.44 28.74 19.09
Inventory Days 166.33 132.83 133.14 189.57 274.59 527.79 610.68 216.49 175.09 224.54 346.14
Payable days 112.81 125.92 156.95 197.49 141.66 33.1 4.67 1.56 2.53 8.85 30.56
PER(x) 6.8 6.55 8.69 15.84 12.1 16.1 0 15.05 12.85 18.05 14.61
Price/Book(x) 0.63 0.67 0.57 0.79 0.44 0.34 0.43 0.38 0.37 0.57 0.47
Dividend Yield(%) 2.48 2.12 0 0 0 0 0 2.49 0 1.11 0.43
EV/Net Sales(x) 1.32 1.36 1.78 2.82 1.97 2.15 4.02 1.31 1.04 2.03 2.15
EV/Core EBITDA(x) 5.5 5.05 6.42 12.53 9.26 13.56 -57.2 10.96 6.14 10.08 8.98
Net Sales Growth(%) 5.13 13.75 -5.9 -15.59 -18.2 -47.74 -9.91 200.48 28.16 -4 -16.62
EBIT Growth(%) 14.23 28.64 -3.21 -31.79 -25.63 -61.57 -152.33 499.34 34.7 29.3 6.61
PAT Growth(%) 8.47 21.9 -8.3 -26.61 -25.2 -54.88 -153.32 442.09 13.02 33.34 16.08
EPS Growth(%) 8.47 21.9 -8.3 -9.77 -25.2 -54.88 -153.32 442.09 13.02 64.71 16.08
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.58 1.18 1.26 1.59 6.15 11.29 10.81 9.75 4.02 6.96 8.58
Quick Ratio(x) 0.47 0.29 0.35 0.39 1.2 2.64 3.14 4.03 1.36 1.54 2.13
Interest Cover(x) 0 0 0 0 0 0 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Elegant Marbles&Gran Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 71.71 71.71 71.36 71.36 71.36 71.36 71.36 71.36 71.36 71.36
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 28.29 28.29 28.64 28.64 28.64 28.64 28.64 28.64 28.64 28.64
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Elegant Marbles&Gran News

Elegant Marbles&Gran Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Debtor days have increased from 8.85 to 30.56days.
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