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Madhav Marbles&Gran. Overview

Madhav Marbles and Granites Ltd. is a company engaged in the mining, processing, and trading of natural stone products, primarily marbles and granites. The company specializes in quarrying high-quality stone blocks and slabs, which are then cut, polished, and finished for use in construction, interior decoration, and architectural applications. Its products are supplied to builders, architects, exporters, and distributors both domestically and internationally. Madhav Marbles and Granites Ltd. focuses on maintaining quality standards, efficient...Read More

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Madhav Marbles&Gran. Key Financials

Market Cap ₹33 Cr.

Stock P/E -22.5

P/B 0.3

Current Price ₹37.4

Book Value ₹ 138.3

Face Value 10

52W High ₹54

Dividend Yield 0%

52W Low ₹ 34.7

Madhav Marbles&Gran. Share Price

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Volume
Price

Madhav Marbles&Gran. Quarterly Price

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Madhav Marbles&Gran. Peer Comparison

Madhav 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 11 11 7 12 11 6 7 8 8 7
Other Income 1 1 1 1 1 1 -0 1 1 1
Total Income 12 12 7 13 11 7 7 9 9 8
Total Expenditure 10 11 8 11 10 7 6 9 8 8
Operating Profit 1 0 -1 2 1 0 1 0 1 1
Interest 0 1 0 0 0 0 1 0 0 1
Depreciation 1 1 1 1 1 1 0 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -1 -2 1 0 -0 -0 -1 -0 -1
Provision for Tax 0 -0 -0 0 0 0 0 0 0 0
Profit After Tax 0 -1 -2 1 -0 -0 -0 -1 -0 -1
Adjustments -0 0 -0 1 -0 -0 -0 1 0 0
Profit After Adjustments 0 -1 -2 1 -0 -0 -0 0 -0 -0
Adjusted Earnings Per Share 0 -0.9 -2.4 1.6 -0 -0.4 -0.4 0 -0.2 -0.5

Madhav Marbles&Gran. Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 77 60 62 53 47 40 31 30
Other Income 5 7 3 4 4 4 3 3
Total Income 82 67 65 58 51 44 34 33
Total Expenditure 70 58 59 51 47 41 31 31
Operating Profit 12 9 6 6 5 3 3 3
Interest 1 1 1 1 1 2 1 2
Depreciation 5 5 5 5 5 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 6 3 1 1 -1 -2 -1 -2
Provision for Tax 1 1 0 0 -0 0 0 0
Profit After Tax 5 2 1 0 -1 -2 -1 -2
Adjustments 0 0 0 -3 -1 0 1 1
Profit After Adjustments 5 2 1 -2 -2 -1 -1 0
Adjusted Earnings Per Share 5.2 2.3 1 -2.6 -2.4 -1.6 -0.8 -1.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -23% -16% -12% 0%
Operating Profit CAGR 0% -21% -20% 0%
PAT CAGR 0% 0% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -19% -4% -7% -4%
ROE Average -1% -1% -0% 1%
ROCE Average 0% 0% 0% 2%

Madhav Marbles&Gran. Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 129 130 131 129 126 125 124
Minority's Interest 0 0 -1 -3 -4 -5 -6
Borrowings 5 16 3 1 2 2 1
Other Non-Current Liabilities 6 4 3 3 2 3 4
Total Current Liabilities 31 23 22 23 24 28 26
Total Liabilities 170 174 159 152 150 152 149
Fixed Assets 42 38 34 30 30 28 25
Other Non-Current Assets 48 46 49 54 48 53 59
Total Current Assets 80 90 77 68 72 72 65
Total Assets 170 174 159 152 150 152 149

Madhav Marbles&Gran. Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 20 1 1 3 0 0 0
Cash Flow from Operating Activities -4 -13 8 21 23 -6 2
Cash Flow from Investing Activities 2 -3 8 -5 -5 2 3
Cash Flow from Financing Activities 1 16 -13 -19 -19 4 -5
Net Cash Inflow / Outflow 0 -1 3 -3 -0 -0 0
Closing Cash & Cash Equivalent 20 1 3 0 0 0 0

Madhav Marbles&Gran. Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.15 2.32 1.03 -2.64 -2.41 -1.62 -0.76
CEPS(Rs) 10.47 7.71 5.86 5.95 4.48 0.98 1.21
DPS(Rs) 0.25 0 0.5 0.25 0 0 0
Book NAV/Share(Rs) 143.41 145.72 146.9 143.8 141.29 139.67 138.95
Core EBITDA Margin(%) 8.91 3.75 4.55 3.71 0.96 -2.22 -0.28
EBIT Margin(%) 9.07 6.66 2.68 2.46 -0.07 -0.09 0.96
Pre Tax Margin(%) 7.46 4.68 1.33 0.97 -2.02 -4.32 -3.54
PAT Margin (%) 5.72 3.18 0.95 0.82 -1.44 -4.56 -4.58
Cash Profit Margin (%) 11.62 10.94 8.01 9.45 8.01 2.1 3.33
ROA(%) 3.78 1.17 0.37 0.3 -0.48 -1.26 -0.98
ROE(%) 5.04 1.55 0.47 0.36 -0.56 -1.52 -1.19
ROCE(%) 6.95 2.8 1.19 0.99 -0.02 -0.03 0.23
Receivable days 68.66 138.7 112.92 107.58 100.1 123.44 144.83
Inventory Days 94.31 151.51 137.53 172.9 215.96 251.57 304.14
Payable days 65.76 91.12 69 76.9 78.55 75.42 97.81
PER(x) 8.15 7.98 46.52 0 0 0 0
Price/Book(x) 0.29 0.13 0.33 0.37 0.28 0.28 0.28
Dividend Yield(%) 0.6 0 1.05 0.47 0 0 0
EV/Net Sales(x) 0.71 0.52 0.71 0.99 0.86 1.22 1.5
EV/Core EBITDA(x) 4.55 3.42 6.87 8.48 8.7 17.69 16.18
Net Sales Growth(%) 41.27 -21.64 2.84 -13.96 -11.5 -15.51 -22.16
EBIT Growth(%) -22.82 -42.61 -58.23 -21.07 -102.44 -7.02 958.77
PAT Growth(%) -41.15 -56.57 -68.97 -25.37 -255.14 -165.2 22.25
EPS Growth(%) -41.47 -55.02 -55.73 -357.11 8.6 32.85 53.09
Debt/Equity(x) 0.15 0.17 0.09 0.06 0.08 0.12 0.09
Current Ratio(x) 2.61 3.95 3.5 2.96 3.03 2.54 2.52
Quick Ratio(x) 1.72 2.84 2.41 1.68 1.77 1.56 1.5
Interest Cover(x) 5.63 3.37 1.99 1.66 -0.03 -0.02 0.21
Total Debt/Mcap(x) 0.51 1.36 0.27 0.18 0.27 0.44 0.33

Madhav 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 42.81 42.66 43.47 43.5 43.5 43.5 43.89 44.19 44.59 45.2
FII 0 0.01 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 57.19 57.33 56.53 56.5 56.5 56.5 56.11 55.81 55.41 54.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Madhav Marbles&Gran. News

Madhav Marbles&Gran. Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 45.2%.
  • Company has a low return on equity of -1% over the last 3 years.
  • Debtor days have increased from 75.42 to 97.81days.
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