Madhav Marble & Granites
Madhav Marble & Granites
Consumer GoodsKey Fundamentals
MicrocapGranites & MarblesConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.26 times its book value
Weaknesses
7- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.1% over past five years.
- Company has a low return on equity of -1.10% over last 3 years.
- Contingent liabilities of Rs.40.7 Cr.
- Earnings include an other income of Rs.7.03 Cr.
- Company has high debtors of 170 days.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.14 | 10.66 | 6.5 | 11.59 | 10.6 | 5.93 | 6.85 | 7.67 | 8.03 | 6.84 | 6.6 | 9.24 | 7.91 |
| Expenses | 10.41 | 11.33 | 8.12 | 10.96 | 10.08 | 6.74 | 5.79 | 8.53 | 8.05 | 7.62 | 6.78 | 10.44 | 7.8 |
| Operating Profit | 0.73 | -0.67 | -1.62 | 0.63 | 0.52 | -0.81 | 1.06 | -0.86 | -0.02 | -0.78 | -0.18 | -1.2 | 0.11 |
| OPM % | 6.55% | -6.29% | -24.92% | 5.44% | 4.91% | -13.66% | 15.47% | -11.21% | -0.25% | -11.4% | -2.73% | -12.99% | 1.39% |
| Other Income | 0.58 | 0.89 | 0.83 | 1.38 | 0.57 | 1.21 | -0.03 | 1.21 | 0.77 | 1.28 | 0.59 | 4.62 | 0.54 |
| Interest | 0.29 | 0.7 | 0.41 | 0.38 | 0.24 | 0.23 | 0.74 | 0.25 | 0.35 | 0.59 | 0.3 | 0.22 | 0.27 |
| Depreciation | 0.76 | 0.64 | 0.64 | 0.74 | 0.77 | 0.5 | 0.47 | 0.82 | 0.72 | 0.62 | 0.83 | 0.73 | 0.69 |
| PBT | 0.26 | -1.12 | -1.84 | 0.89 | 0.08 | -0.33 | -0.18 | -0.72 | -0.32 | -0.71 | -0.72 | 2.47 | -0.31 |
| Tax % | 61.54% | -10.71% | -2.17% | 11.24% | 137.5% | 3.03% | 83.33% | 9.72% | 12.5% | 1.41% | -4.17% | 25.1% | 12.9% |
| Net Profit | 0.02 | -0.77 | -2.15 | 1.45 | -0.03 | -0.34 | -0.32 | 0.02 | -0.18 | -0.44 | -0.49 | 1.49 | -0.8 |
| EPS in Rs | 0.02 | -0.86 | -2.4 | 1.62 | -0.03 | -0.38 | -0.36 | 0.02 | -0.2 | -0.49 | -0.55 | 1.67 | -0.89 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 76.96 | 60.31 | 62.02 | 53.36 | 47.23 | 39.9 | 31.06 | 30.71 | 30.59 |
| Expenses | 69.78 | 57.93 | 59.05 | 51.27 | 46.66 | 40.83 | 31.09 | 32.88 | 32.64 |
| Operating Profit | 7.18 | 2.38 | 2.97 | 2.09 | 0.57 | -0.93 | -0.03 | -2.17 | -2.05 |
| OPM % | 9.33% | 3.95% | 4.79% | 3.92% | 1.21% | -2.33% | -0.1% | -7.07% | -6.7% |
| Other Income | 4.89 | 6.72 | 3.4 | 4.15 | 4.12 | 3.68 | 2.91 | 7.25 | 7.03 |
| Interest | 1.3 | 1.25 | 0.88 | 0.84 | 0.98 | 1.77 | 1.46 | 1.46 | 1.38 |
| Depreciation | 4.76 | 4.89 | 4.62 | 4.86 | 4.72 | 2.79 | 2.56 | 2.89 | 2.87 |
| PBT | 6.01 | 2.96 | 0.87 | 0.54 | -1.01 | -1.81 | -1.14 | 0.73 | 0.73 |
| Tax % | 23.29% | 32.09% | 28.74% | 14.81% | -28.71% | 5.52% | 29.82% | 87.67% | — |
| Net Profit | 4.61 | 2 | -0.43 | -5.11 | -3.84 | -2.31 | -1.48 | 0.39 | -0.24 |
| EPS in Rs | 5.15 | 2.24 | -0.48 | -5.71 | -4.29 | -1.62 | -0.76 | 0.44 | -0.26 |
| Div. Payout % | 4.85% | 0% | -104.07% | -4.38% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 |
| Reserves | 120 | 121 | 122 | 120 | 117 | 116 | 115 | 115 |
| Borrowings | 19.09 | 22.56 | 11.36 | 8.29 | 9.61 | 15.07 | 11.72 | 7.95 |
| Other Liabilities | 17.32 | 15.54 | 10.28 | 7.38 | 5.4 | 2.45 | 3.04 | 5.45 |
| Total Liabilities | 165 | 168 | 153 | 144 | 141 | 142 | 139 | 137 |
| Fixed Assets | 42.38 | 37.91 | 33.53 | 30.25 | 30.3 | 27.58 | 25.27 | 21.91 |
| CWIP | 0.87 | 5.94 | 3.16 | 2.93 | 2.82 | 2.82 | 2.82 | 2.78 |
| Investments | 2.24 | 10.82 | 9.1 | 3.52 | 0.52 | 0.2 | 0.13 | 4.09 |
| Other Assets | 119 | 114 | 107 | 108 | 108 | 112 | 111 | 108 |
| Total Assets | 165 | 168 | 153 | 144 | 141 | 142 | 139 | 137 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | -3.6 | -13.15 | 8 | 21.07 | 23.22 | -5.55 | 2.02 | 5.19 |
| Investing | 2.34 | -3.2 | 7.87 | -5.18 | -4.85 | 1.77 | 3.06 | 1.07 |
| Financing | 1.45 | 15.65 | -13.2 | -18.9 | -18.55 | 3.7 | -4.81 | -5.22 |
| Net Cash Flow | 0.2 | -0.71 | 2.67 | -3.01 | -0.18 | -0.09 | 0.27 | 1.04 |
| Free Cash Flow | -8.13 | -18.45 | 10.58 | 19.75 | 18.97 | -5.35 | 1.98 | 8.81 |
| CFO/OP | -38 | -487 | 300 | 1,048 | 4,121 | 574 | -7,233 | -258 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 127 | 128 | 113 | 95.35 | 104 | 135 | 128 | 170 |
| Inventory Days | 279 | 324 | 292 | 461 | 505 | 510 | 750 | 826 |
| Days Payable | 83.02 | 77.85 | 65.78 | 68.34 | 83.81 | 59.73 | 103 | 141 |
| Cash Conversion Cycle | 322 | 375 | 340 | 488 | 526 | 586 | 775 | 855 |
| Working Capital Days | 225 | 357 | 264 | 288 | 336 | 388 | 454 | 526 |
| ROCE % | — | 2.8% | 1.19% | 0.78% | 0.05% | -0.25% | 0.12% | -0.73% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY11–FY26.
Documents
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Company Information
Incorporated in 1989, Madhav Marbles and Granites Ltd does manufacturing, processing trading and export of granite, marble, windmill power generation, and realty business.{#https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc4eec45-c8f6-467c-8c0b-7e498041f808.pdf#page=73/www.bseindia.com/xml-data/corpfiling/AttachHis/cc4eec45-c8f6-467c-8c0b-7e498041f808.pdf#page=73 #}
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