Madhav Marble & Granites
Madhav Marbles and Granites Ltd
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −0.91%
- Debt to Equity
- 0.06
- EPS (TTM)
- −₹0.26
- Book Value
- ₹138.29
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 0.23
- ROE
- −3.19%
- Dividend Yield
- 0.77%
- EBITDA
- ₹5.10 Cr
- 52W High
- ₹46.00
- 52W Low
- ₹29.00
- Day Range
- ₹31.21 – ₹33.40
- Volume
- 20,074
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 93/100
Category scores
- Quality
- 52
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 76
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 53
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 64
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 36
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.24 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 -1.70% over last 3 years.
- Contingent liabilities of Rs.45.1 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 7 | 1 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Neutral
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 43.53
- Neutral
- MACD (12,26,9)
- −0.64
- Bullish
- SMA (50)
- 33.88
- Bearish
- SMA (200)
- 35.69
- Bearish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | −13.11% |
|---|---|
| 3Y | −13.37% |
| 1Y | −1.13% |
| TTM | +7.41% |
Net profit
| 5Y | Loss narrowed by ₹0.07 Cr |
|---|---|
| 3Y | Loss narrowed by ₹3.48 Cr |
| 1Y | Loss narrowed by ₹1.12 Cr |
| TTM | Loss narrowed by ₹0.58 Cr |
Operating cash flow
| 5Y | −8.29% |
|---|---|
| 3Y | −39.31% |
| 1Y | +156.93% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −11.43 pp |
|---|---|
| 3Y | −7.85 pp |
| 1Y | −6.54 pp |
| TTM | −4.49 pp |
Revenue by year
| Mar 2019 | ₹76.96 Cr |
|---|---|
| Mar 2020 | ₹60.31 Cr |
| Mar 2021 | ₹62.02 Cr |
| Mar 2022 | ₹53.36 Cr |
| Mar 2023 | ₹47.23 Cr |
| Mar 2024 | ₹39.90 Cr |
| Mar 2025 | ₹31.06 Cr |
| Mar 2026 | ₹30.71 Cr |
Net profit by year
| Mar 2019 | ₹4.61 Cr |
|---|---|
| Mar 2020 | ₹2.00 Cr |
| Mar 2021 | −₹0.43 Cr |
| Mar 2022 | −₹5.11 Cr |
| Mar 2023 | −₹3.84 Cr |
| Mar 2024 | −₹2.31 Cr |
| Mar 2025 | −₹1.48 Cr |
| Mar 2026 | −₹0.36 Cr |
Quarterly Results
₹ Cr| 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 | −0.17 | −0.72 | −0.32 | −0.7 | −0.72 | 2.48 | −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 (₹) | 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
₹ Cr| 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 | 32.75 | 32.64 |
| Operating Profit | 7.18 | 2.38 | 2.97 | 2.09 | 0.57 | −0.93 | −0.03 | −2.04 | −2.05 |
| OPM % | 9.33% | 3.95% | 4.79% | 3.92% | 1.21% | −2.33% | −0.1% | −6.64% | −6.7% |
| Other Income | 4.89 | 6.72 | 3.4 | 4.15 | 4.12 | 3.68 | 2.91 | 7.13 | 7.03 |
| Interest | 1.3 | 1.25 | 0.88 | 0.84 | 0.98 | 1.77 | 1.45 | 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 | −0.36 | −0.24 |
| EPS (₹) | 5.15 | 2.24 | −0.48 | −5.71 | −4.29 | −1.62 | −0.76 | 0.44 | −0.26 |
| Div. Payout % | 4.85% | 0% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| 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 | 7.96 |
| 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
₹ Cr| 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 | 8.91 |
| CFO/OP | −38 | −487 | 300 | 1,048 | 4,121 | 574 | −7,233 | −275 |
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 | 824 |
| 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 | 853 |
| Working Capital Days | 225 | 357 | 264 | 288 | 336 | 388 | 454 | 526 |
| ROCE % | — | 2.8% | 1.19% | 0.78% | 0.05% | −0.25% | 0.12% | −0.91% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Madhav Marble & Granites insights
64 extracted metrics across FY12–FY27.
Documents
- 13 Aug 2026
- 13 Aug 2025
- 5 Jan 2017
- General announcements 14 Oct 2026
Frequently Asked Questions about Madhav Marble & Granites
What does Madhav Marbles and Granites Ltd do?
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Does Madhav Marbles and Granites Ltd pay dividends?
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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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