---
title: "Marble City India Ltd (531281) — Share Price, Financials & Analysis"
symbol: "531281"
company: "Marble City India Ltd"
canonical: "https://tapetide.com/stocks/531281"
isin: "INE807H01023"
nse_symbol: "PGINDUSTRYLTD"
bse_code: "531281"
sector: "Construction"
industry: "Construction Materials"
market_cap_cr: 429.1
generated_at: "2026-09-13T19:10:08.127Z"
---

# Marble City India Ltd (531281)

Canonical page: https://tapetide.com/stocks/531281

## Company

- **NSE Symbol:** PGINDUSTRYLTD
- **BSE Code:** 531281
- **ISIN:** INE807H01023
- **Sector:** Construction
- **Industry:** Construction Materials
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **CEO:** Mr. Saket Dalmia
- **Employees:** 32
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** pgil.com

## About

Incorporated in 1993, Marble City India Ltd is in the business of cutting,  finishing, and trading of Imported Marble[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:38:31.570291Z.

- **Market Cap:** ₹429.1 Cr
- **Classification:** Microcap
- **P/E (reported):** 40.1
- **EPS (TTM):** ₹2.94
- **EPS (reported):** ₹0
- **Book Value:** ₹126.91
- **Price to Book:** 1.14
- **Dividend Yield:** 0%
- **ROE:** 3.95%
- **ROCE:** 12.53%
- **Debt to Equity:** 1.54
- **Revenue (yearly):** ₹78.53 Cr
- **Net Income:** ₹4.3 Cr
- **EBITDA:** ₹19.85 Cr
- **52-Week High:** ₹177.9
- **52-Week Low:** ₹83.9
- **RSI (14):** 68.67

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 95%
- **Data coverage:** 90%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 32.33 | 9% |
| growth | 95.04 | 9% |
| momentum | 56.81 | 12% |
| ownership | 48.45 | 24% |
| quality | 37.9 | 22% |
| valuation | 39.06 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 5.30 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 40.0%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -95.33% | -587.97% | -829.53% |
| ebitda margin growth | -7.41% | -15.54% | 19.62% | 217.53% |
| net income growth | 8.33% | 79.17% | -338.89% | 616.67% |
| revenue growth | -27.97% | 21% | 15.48% | 0.87% |
| roce | — | 54.5% | 28.51% | 9.44% |
| roe | — | -157% | -0.12% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6.21 | 10.79 | 25.36 | 19.85 | 24.97 | 17.97 | 34.42 | 24.61 |
| Expenses | 6.92 | 9.71 | 14.05 | 13.94 | 17.21 | 12.48 | 27.26 | 17.96 |
| Operating Profit | -0.71 | 1.08 | 11.31 | 5.91 | 7.76 | 5.49 | 7.16 | 6.65 |
| OPM % | -11.43 | 10.01 | 44.6 | 29.77 | 31.08 | 30.55 | 20.8 | 27.02 |
| Other Income | 0.01 | 2.42 | 1.61 | 0.55 | 0.71 | 0.69 | 0.94 | 0.84 |
| Interest | 1.6 | 3.12 | 5.04 | 2.94 | 3.92 | 3.44 | 3.94 | 3.32 |
| Depreciation | 0.24 | 0.24 | 2.54 | 0.75 | 0.74 | 0.71 | 0.75 | 0.72 |
| Profit before tax | -2.54 | 0.14 | 5.34 | 2.77 | 3.81 | 2.03 | 3.41 | 3.45 |
| Tax % | 0 | 0 | 14.42 | 25.27 | 25.2 | 25.12 | 29.03 | 25.22 |
| Net Profit | -2.53 | 0.14 | 4.56 | 2.07 | 2.85 | 1.51 | 2.43 | 2.58 |
| EPS in Rs | -2.12 | 0.06 | 1.95 | 0.83 | 1.09 | 0.42 | 0.65 | 0.78 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- |
| Sales | 59 | 97 | 102 |
| Expenses | 46 | 71 | 75 |
| Operating Profit | 13 | 26 | 27 |
| OPM % | 22 | 27 | 27 |
| Other Income | 6 | 3 | 3 |
| Interest | 12 | 14 | 15 |
| Depreciation | 3 | 3 | 3 |
| Profit before tax | 3 | 12 | 13 |
| Tax % | 24 | 26 | — |
| Net Profit | 2 | 9 | 9 |
| EPS in Rs | 1.02 | 2.79 | 2.94 |
| Dividend Payout % | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 12 | 13 |
| Reserves | 49 | 69 |
| Borrowings | 102 | 126 |
| Other Liabilities | 12 | 42 |
| Total Liabilities | 175 | 249 |
| Fixed Assets | 23 | 21 |
| CWIP | 0 | 0 |
| Investments | 0 | 3 |
| Other Assets | 152 | 226 |
| Total Assets | 175 | 249 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | -22 | -20 |
| Cash from Investing Activity | 2 | -8 |
| Cash from Financing Activity | 19 | 29 |
| Net Cash Flow | -2 | 1 |
| Free Cash Flow | -22 | -22 |
| CFO/OP | -169 | -74 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 125 | 113 |
| Inventory Days | 843 | 628 |
| Days Payable | 48 | 118 |
| Cash Conversion Cycle | 921 | 623 |
| Working Capital Days | 595 | 528 |
| ROCE % | — | 14 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 32.29% | 32.29% | 32.29% | 32.29% | 37.23% | 37.23% | 37.23% | 35.81% | 35.83% | 35.45% | 40.2% | 40% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 2.43% | 2.43% | 2.43% | 2.43% | 1.29% | 1.29% | 1.29% | 1.24% | 1.24% | 1.23% | 1.14% | 1.13% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.03% | 19.57% | 20.04% | 20.79% | 15.63% | 15.5% | 15.31% | 19.03% | 18.48% | 18.21% | 16.84% | 20.38% |
| Others | 46.26% | 45.72% | 45.25% | 44.5% | 45.85% | 45.98% | 46.17% | 43.92% | 44.44% | 45.11% | 41.82% | 38.49% |
| No. of Shareholders | 2275 | 2307 | 2426 | 2596 | 2428 | 2611 | 2440 | 2533 | 2504 | 2437 | 2395 | 2438 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 122.89 | Buy |
| EMA (10) | 130.34 | Buy |
| SMA (20) | 121.32 | Buy |
| EMA (20) | 124.66 | Buy |
| SMA (50) | 123.01 | Buy |
| EMA (50) | 120.7 | Buy |
| SMA (100) | 112.59 | Buy |
| EMA (100) | 118.38 | Buy |
| SMA (200) | 120.33 | Buy |
| EMA (200) | 122.61 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 77.19 | Sell |
| MACD (12,26,9) | 4.94 | Buy |
| Stochastic (14,3,3) | 74.37 | Neutral |
| ADX (14) | 23.26 | Neutral |
| Williams %R (14) | -5.09 | Sell |
| ATR (14) | 12.38 | High Volatility |
| ROC (12) | 41.08 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 57.67 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan - 199th Board meeting on 14 Jan 2026 in Chennai to approve unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Meeting Of The Board Of The Company Has Been Scheduled On Wednesday, 14Th January 2026 At Chennai, Inter-Alia, To Consider And Approve The Un-Audited Financial Results For The Quarter Ended 31St December 2025 7 Jan - 199th Board meeting on 14 Jan 2026 in Chennai to approve unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a393602f-bf8c-4210-b81f-d5023b7f1623.pdf) |
| 7 Feb - Board meeting on 14 Feb 2026 to approve unaudited Q3 results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Marble City India Limited To Be Held On 14Th February, 2026 7 Feb - Board meeting on 14 Feb 2026 to approve unaudited Q3 results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e607a08c-c8a7-4449-9014-a66098c3c4c4.pdf) |
| 30 Jan - On Jan 30, 2026 converted 7,84,312 warrants into equity; Rs.99,99,978 received; issue price Rs.17. | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E 30Th January,2026 30 Jan - On Jan 30, 2026 converted 7,84,312 warrants into equity; Rs.99,99,978 received; issue price Rs.17.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df92667c-4dc3-4ead-b2e3-7cb56b6d8992.pdf) |
| 3 Mar - 6,45,101 warrants converted to equity; Rs82.25 lakh received; paid-up capital now Rs12,75,75,540 (March 3, 2026). | [Board Meeting Outcome for Board Meeting Outcome For Board Meeting Held Today I.E. 03Th March,2026. 3 Mar - 6,45,101 warrants converted to equity; Rs82.25 lakh received; paid-up capital now Rs12,75,75,540 (March 3, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f85afbc0-8946-4115-86ad-9a507034d077.pdf) |
| 29 Jan - Certificate under Regulation 74(5) of SEBI (DP) 2018 for the quarter ended on 31.12.2025 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 29 Jan - Certificate under Regulation 74(5) of SEBI (DP) 2018 for the quarter ended on 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dae733e0-5ea1-492a-b9f8-2f5b49b91bfd.pdf) |
| 20 Feb - Garbled, unreadable announcement; insufficient details to assess impact. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 20 Feb - Garbled, unreadable announcement; insufficient details to assess impact.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/17d6d725-02e9-4f4a-9807-4c9a91d1efc0.pdf) |
| 19 Jan - News Paper Publication regarding quarterly financial results | [Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jan - News Paper Publication regarding quarterly financial results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56877db7-102b-4c24-a00b-ec8bf097da25.pdf) |
| 14 Jan - Board approved Q3 (31-Dec-2025) unaudited results; profit Rs191.66 lakh; limited review report unmodified. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Jan - Board approved Q3 (31-Dec-2025) unaudited results; profit Rs191.66 lakh; limited review report unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d238cc3-149e-4f18-ad7a-27882853e42c.pdf) |
| 14 Feb - Board approved standalone and consolidated unaudited results for quarter ended Dec 31, 2025; limited review on Feb 14, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Feb - Board approved standalone and consolidated unaudited results for quarter ended Dec 31, 2025; limited review on Feb 14, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/487b957c-5d61-48ba-b6a7-e2398dcddeb8.pdf) |
| 14 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2a4c914-9dc2-4a32-8985-e04026cc9dc0.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ce6d056-583b-4641-9a33-528b835db12e.pdf) |
| 2026-09-08 | [Book Closure For The Purpose Of Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b8c917ea-05d4-4502-bf0c-93734c82c96c.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1396eec-b443-45d0-a12b-2e118ab6cd06.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E 13Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbba133a-ba46-43d2-9583-ce7d434b594d.pdf) |
| 2026-08-07 | [Board Meeting Intimation for Meeting Dated 13.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=979147fd-edf0-4ab7-93f2-eaa43c1872dd.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d2c7164-eda9-49af-a5f5-2451fe25dc96.pdf) |
| 2026-07-25 | [Intimation Of Forfeiture Of Upfront Consideration And Lapse Of Share Warrants.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=993449c7-52c0-4ee1-8536-84162be0b988.pdf) |
| 2026-07-24 | [Board Meeting Outcome for Conversion Of Warrants Into Equity Shares](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be1c2f33-298f-440b-a414-1fabcf7ab24f.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16171999-e0f3-4fa8-9d7d-d16219d65067.pdf) |
| 2026-07-04 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a7a4beb-841d-4331-ac33-e7220099ac5e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-08-14 | [Outcome Of Board Meeting Dated 14.08.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a18b3bc6-91b8-40cc-8bb9-3779b33494af.pdf) |
| 2025-06-02 | [Outcome Of Board Meeting - Results 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38778bed-bdcd-4580-8ae1-17c1be2e204a.pdf) |
| 2024-08-12 | [Un-Audited Financial Results For The Quarter Ended On 30Th June,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=416f7449-b5fa-4068-9986-034c9a26d4a4.pdf) |
| 2024-07-11 | [AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED AS ON 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=486d6213-2be9-48d6-9d85-2b4099129083.pdf) |
| 2024-03-05 | [APPROVAL OF UN - AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 31ST DECEMBER 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99ae9f08-0114-462e-8c8d-b77471b4c521.pdf) |
| 2024-02-21 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4441f1da-46ac-484a-b7e9-ccdf30427dda.pdf) |
| 2024-02-14 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=831faf26-d6b2-4424-b494-adb1c726ff50.pdf) |
| 2023-11-14 | [Results - Financial Results For Quarter Ended On 30 September 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f899bf76-2b4e-4f9a-96ce-432913a9c5c2.pdf) |
| 2023-08-14 | [Results - Financial Results For Quarter Ended On 30 June 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=386e0a24-84a3-4656-8afa-18cedefe50fa.pdf) |
| 2023-06-28 | [Results - Financial Results For Quarter And Financial Year Ending On Mar 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b958dd1-6a75-4dc4-b087-c538735f629c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af8ec35b-a5ca-424e-8079-dfbd0e3c0243.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51298041-5c74-4b47-8510-0f8f91301472.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19ec5dbc-7753-432c-86e4-8026deab6e16.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9701ee5b-18fc-4a0b-83c7-53ac4df33da9.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3871fa5c-6295-4c62-bcfc-36d1498b747d.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f580fbfc-f650-4a57-ae12-7526758ab964.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/75569511473.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531281/75372531281.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/70786511473.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531281/71272531281.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 2026-09-13T19:10:08.127Z.