--- title: "Associated Marmo & Granites Ltd (515107) — Share Price, Financials & Analysis" symbol: "515107" company: "Associated Marmo & Granites Ltd" canonical: "https://tapetide.com/stocks/515107" bse_code: "515107" generated_at: "2026-10-13T10:59:39.618Z" --- # Associated Marmo & Granites Ltd (515107) Canonical page: https://tapetide.com/stocks/515107 ## Company - **BSE Code:** 515107 - **Stock Type:** EQUITY - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** amglindia.com ## About Associated Marmo & Granites is engaged in manufacturing marble slabs, marble blocks and marble tiles. ## Latest Price ## Key Insights ### Weaknesses - Company has low interest coverage ratio. - Company has a low return on equity of 0.00% over last 3 years. - Company has high debtors of 150 days. ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | 150% | -21% | — | | revenue growth | 18% | 11% | 15% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 1.45 | 0.73 | 5.03 | 0.49 | 0.51 | 0.74 | 5.72 | 0.76 | 0.33 | 1.14 | 6.44 | 1.54 | | Expenses | 1.41 | 0.69 | 4.97 | 0.44 | 0.47 | 0.71 | 5.68 | 0.7 | 0.29 | 1.09 | 6.39 | 1.46 | | Operating Profit | 0.04 | 0.04 | 0.06 | 0.05 | 0.04 | 0.03 | 0.04 | 0.06 | 0.04 | 0.05 | 0.05 | 0.08 | | OPM % | 2.76 | 5.48 | 1.19 | 10.2 | 7.84 | 4.05 | 0.7 | 7.89 | 12.12 | 4.39 | 0.78 | 5.19 | | Other Income | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 | 0.01 | 0.01 | 0 | 0 | | Interest | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.05 | | Depreciation | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.03 | | Profit before tax | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | -0.03 | 0 | | Tax % | 0 | 0 | 0 | 0 | — | — | — | 0 | — | — | 0 | — | | Net Profit | 0 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | -0.03 | 0 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 1.23 | 2.52 | 3.88 | 5.08 | 5.04 | 5.5 | 7.39 | 7.46 | 8.66 | 10.21 | | Expenses | 1.73 | 2.57 | 3.91 | 5.1 | 5.05 | 5.41 | 7.4 | 7.28 | 8.45 | 9.95 | | Operating Profit | -0.5 | -0.05 | -0.03 | -0.02 | -0.01 | 0.09 | -0.01 | 0.18 | 0.21 | 0.26 | | OPM % | -40.65 | -1.98 | -0.77 | -0.39 | -0.2 | 1.64 | -0.14 | 2.41 | 2.42 | 2.55 | | Other Income | 0.16 | 0.13 | 0.13 | 0.14 | 0.13 | 0.07 | 0.26 | 0.06 | 0.01 | 0.01 | | Interest | 0.04 | 0.04 | 0.06 | 0.07 | 0.07 | 0.1 | 0.15 | 0.15 | 0.14 | 0.2 | | Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.07 | 0.07 | 0.11 | 0.1 | | Profit before tax | -0.41 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | -0.03 | -0.03 | | Tax % | -34.15 | 1000 | 1600 | 0 | 100 | 0 | 0 | 50 | -33.33 | -133.33 | | Net Profit | -0.27 | -0.09 | -0.15 | 0.02 | 0 | 0.02 | 0.02 | 0.01 | -0.02 | 0.01 | | Dividend Payout % | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 4.35 | 4.35 | 4.35 | 4.35 | 4.35 | 4.35 | 4.35 | 4.35 | 4.35 | 4.35 | | Reserves | -0.78 | -0.94 | -1.19 | -1.21 | -1.22 | -1.22 | -1.21 | -1.2 | -1.31 | -1.31 | | Borrowings | 0.78 | 1.1 | 1.06 | 1.23 | 1.19 | 1.74 | 2.49 | 1.9 | 2.61 | 3.11 | | Other Liabilities | 0.64 | 1.02 | 1.31 | 1.84 | 2.19 | 3.23 | 1.79 | 4.02 | 3.06 | 4.15 | | Total Liabilities | 4.99 | 5.53 | 5.53 | 6.21 | 6.51 | 8.1 | 7.42 | 9.07 | 8.71 | 10.3 | | Fixed Assets | 0.9 | 0.76 | 0.72 | 0.67 | 0.64 | 1.02 | 0.96 | 0.89 | 0.73 | 0.64 | | CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | | Investments | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | | Other Assets | 2.79 | 3.47 | 3.51 | 4.24 | 4.57 | 5.78 | 5.16 | 6.88 | 6.68 | 8.35 | | Total Assets | 4.99 | 5.53 | 5.53 | 6.21 | 6.51 | 8.1 | 7.42 | 9.07 | 8.71 | 10.3 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | -0.31 | -0.44 | 0 | -0.28 | -0.06 | -0.05 | -0.68 | 0.82 | -0.19 | -0.66 | | Cash from Investing Activity | 0.16 | 0.16 | 0.04 | 0.12 | 0.13 | -0.37 | 0.06 | 0.04 | -0.02 | -0.02 | | Cash from Financing Activity | 0.16 | 0.31 | -0.06 | 0.15 | -0.07 | 0.45 | 0.6 | -0.73 | 0.58 | 0.31 | | Net Cash Flow | 0.01 | 0.03 | -0.02 | -0.01 | 0 | 0.03 | -0.02 | 0.13 | 0.37 | -0.37 | | Free Cash Flow | -0.31 | -0.42 | -0.07 | -0.3 | -0.07 | -0.48 | -0.7 | 0.81 | -0.22 | -0.68 | | CFO/OP | 62 | 880 | 0 | 1400 | 600 | -56 | 6800 | 456 | -90 | -254 | ### Ratios | Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 50.45 | 157.88 | 53.62 | 81.91 | 85.46 | 87.6 | 66.68 | 188.37 | 121.39 | 150.5 | | Inventory Days | 721.51 | 263.08 | 217.67 | 177.57 | 202.78 | 276.16 | 193.49 | 176.72 | 171.67 | 159.14 | | Days Payable | 220.7 | 146.95 | 98.22 | 102.59 | 110.75 | 104.39 | 77.9 | 226.84 | 137.78 | 158.21 | | Cash Conversion Cycle | 551.26 | 274.01 | 173.08 | 156.88 | 177.49 | 259.36 | 182.27 | 138.25 | 155.27 | 151.43 | | Working Capital Days | 587.56 | 340.38 | 214.48 | 178.91 | 129.63 | 132.06 | 139.28 | 134.06 | 131.92 | 144.07 | | ROCE % | -8.34 | 1.35 | 1.37 | 2.1 | 2.07 | 2.61 | 3.43 | 3.18 | 2.06 | 2.88 | ## Shareholding Pattern ### annual | Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 43.77% | 44.32% | 49.03% | 49.91% | 49.95% | 51.09% | 51.46% | 51.46% | 51.46% | 51.46% | | FIIs | 15.47% | 15.97% | 14.43% | 15.66% | 14.39% | 12.06% | 12.34% | 11.53% | 10.56% | 10.26% | | DIIs | 6.02% | 5.11% | 2.13% | 2.42% | 3.67% | 5.17% | 4.97% | 6.09% | 7.3% | 7.31% | | Public | 34.73% | 34.6% | 34.41% | 32.01% | 31.99% | 31.68% | 31.22% | 30.9% | 30.69% | 30.97% | | No. of Shareholders | 45943 | 46647 | 43588 | 51337 | 59483 | 62749 | 66687 | 60774 | 69354 | 84234 | ### Quarterly | Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | 51.46% | | FIIs | 12.34% | 12.39% | 11.65% | 11.57% | 11.53% | 11.21% | 10.89% | 10.65% | 10.56% | 10.31% | 10.33% | 10.26% | | DIIs | 4.97% | 5.04% | 5.88% | 5.95% | 6.09% | 6.42% | 6.8% | 7.12% | 7.3% | 7.45% | 7.31% | 7.31% | | Public | 31.22% | 31.11% | 31.01% | 31.01% | 30.9% | 30.92% | 30.82% | 30.75% | 30.69% | 30.78% | 30.9% | 30.97% | | No. of Shareholders | 66687 | 63633 | 60734 | 61275 | 60774 | 65300 | 65695 | 64338 | 69354 | 72783 | 75884 | 84234 | ## Technical Indicators Derived from daily closing prices and recomputed each trading session; values move with the market. - **Overall Signal:** Strong Sell - **Buy / Neutral / Sell:** 1 / 6 / 12 ### Moving Averages — summary: **Strong Sell** | Indicator | Value | Signal | | --- | --- | --- | | SMA (10) | 1133.07 | Buy | | EMA (10) | 1141.53 | Sell | | SMA (20) | 1191.78 | Sell | | EMA (20) | 1177.58 | Sell | | SMA (50) | 1298.87 | Sell | | EMA (50) | 1247.58 | Sell | | SMA (100) | 1320.63 | Sell | | EMA (100) | 1307.22 | Sell | | SMA (200) | 1389.53 | Sell | | EMA (200) | 1394.67 | Sell | ### Oscillators — summary: **Sell** | Indicator | Value | Signal | | --- | --- | --- | | RSI (14) | 40.38 | Neutral | | MACD (12,26,9) | -47.07 | Sell | | Stochastic (14,3,3) | 23.4 | Neutral | | ADX (14) | 21.61 | Neutral | | Williams %R (14) | -56.76 | Neutral | | ATR (14) | 51.72 | High Volatility | | ROC (12) | -5.48 | Sell | | Stoch RSI (14) | 82.52 | Sell | | UO (7,14,28) | 47.38 | Neutral | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 2026-02-04 | [Board Meeting Outcome for Board Meeting Outcome For Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended 31 December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f96aeb3c-cba2-4a69-a4f1-971c14ef55bd.pdf) | | 2026-02-04 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended 31 December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e1de1f6-068f-43ce-91e9-c46b9f3fe7a0.pdf) | | 2026-01-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/056da230-4208-425f-9c3c-ca9de87a4847.pdf) | | 2026-01-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37534d35-1561-4d5d-845f-0069460644e5.pdf) | | 2026-01-08 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe3bac8d-8631-4514-90dc-d409b093d93e.pdf) | | 2016-08-06 | [Standalone Financial Results for June 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CB8E6684_0DB7_427C_9BE2_8811D49D6A6A_152253.pdf) | | 2016-08-06 | [Standalone Financial Results for June 30, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/8/CB8E6684_0DB7_427C_9BE2_8811D49D6A6A_152253.pdf) | | 2016-06-07 | [Standalone Financial Results for March 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0C57D889_EE9D_4319_81CC_55974B3DBA37_143339.pdf) | | 2016-06-07 | [Standalone Financial Results for March 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/6/0C57D889_EE9D_4319_81CC_55974B3DBA37_143339.pdf) | | 2016-02-04 | [Financial Results for Dec 31, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6F796F8A_0540_4CC7_92D9_03EC6A6457B0_170131.pdf) | ### Annual Reports | Date | Document | | --- | --- | | 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/764d5fd8-cefa-4cc1-ab4f-97fa3134b4a1.pdf) | | 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b75eed15-4e02-413b-a30a-fdcc0f6c7524.pdf) | | 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ae5a2c9-7852-4019-96b5-147d0f80c617.pdf) | | 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/500490/73487500490.pdf) | | 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/500490/68686500490.pdf) | | Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/500490/5004900320.pdf) | | Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/500490/5004900319.pdf) | | Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/500490/5004900318.pdf) | | Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/500490/5004900317.pdf) | | Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/500490/5004900316.pdf) | --- Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:39.618Z.