Madhav Marble & Granites logo

Madhav Marble & Granites

MADHAV NSE
₹33.47 0.59 (1.79%)
Market Cap
₹29.95 Cr

Key Fundamentals

MicrocapGranites & MarblesConsumer Goods
Market Cap
₹29.95 Cr
EBITDA
₹5.10 Cr
Return on Equity
0.08%
Debt to Equity
0.06
Book Value
₹138.29
EPS (TTM)
−₹0.26
52W High
₹46.79
52W Low
₹29.00

Price-based figures as of 13 Oct 2026, 15:15 IST · EPS basis: Consolidated · TTM

Peer Comparison

Consumer Discretionary › Consumer Goods › Granites & Marbles

Midwest
₹1,018.5032.603,683 Cr3.850.00%10.88%13.72%711 Cr113 Cr
Pokarna
₹674.3522.032,091 Cr2.440.09%9.41%10.72%619 Cr95 Cr
Esprit Stones
₹57.70—127 Cr0.960.00%-2.92%0.00%——
Global Surfaces
₹27.20—115 Cr0.430.00%-11.75%-2.17%246 Cr-31 Cr
Pacific Industries
₹134.0031.9892 Cr0.210.00%0.45%1.18%177 Cr3 Cr
Elegant Marbles and Grani Industries
—15.6550 Cr0.400.60%2.70%3.75%36 Cr3 Cr
Royal Cushion Vinyl Products
——46 Cr—0.00%21.73%2.28%58 Cr-13 Cr
Aro Granite Industries
₹23.50—36 Cr0.210.00%-6.79%1.62%79 Cr-19 Cr
Oriental Trimex
₹4.6717.3034 Cr0.370.00%1.80%3.09%29 Cr2 Cr
Madhav Marble & Granites (this company)
₹33.47—30 Cr0.240.77%0.08%1.79%38 Cr-0 Cr
Median 10 companies₹45.5922.0371 Cr0.400.00%1.13%2.04%79 Cr2 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-12
v2.0.0
60 Good
Overall score
Data confidence 93/100

Category scores

Quality Average 55
Returns, margins, earnings quality 22%
Valuation Strong 76
Cheap vs sector & own history 24%
Growth Average 53
Sales & profit trajectory 9%
Financial Health Good 64
Solvency, leverage, coverage 9%
Momentum Weak 43
Trend strength, vol-adjusted 12%
Ownership Average 51
FII/DII/promoter flows 24%

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

Oscillators

BearishNeutralBullish

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
11.76% higher than 3Y

change over 1 year

Net Income Growth
-107% lower than 3Y

change over 1 year

Cash Flow Change
157%

change over 1 year

EBITDA Margin Change
58.65%

change over 1 year Operating margin 1.39% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1.46
1.47
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%
-104.07%
-4.38%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.59%Promot.45.77%Others8.53%Public45.12%As ofJun 2026

Documents

Frequently Asked Questions about Madhav Marble & Granites

What does Madhav Marbles and Granites Ltd do?
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/xm...
Where is Madhav Marbles and Granites Ltd (MADHAV) listed?
Madhav Marbles and Granites Ltd trades as MADHAV on the NSE and under code 515093 on the BSE.
Which sector does Madhav Marbles and Granites Ltd belong to?
Madhav Marbles and Granites Ltd is classified under the Consumer Goods sector, in the Granites & Marbles industry.
What is the market capitalisation of Madhav Marbles and Granites Ltd?
Madhav Marbles and Granites Ltd has a market capitalisation of ₹29.95 Cr as of 13 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Madhav Marbles and Granites Ltd?
Over the last 52 weeks Madhav Marbles and Granites Ltd has traded between ₹29 and ₹46.79 as of 13 Oct 2026.
Does Madhav Marbles and Granites Ltd pay dividends?
Madhav Marbles and Granites Ltd has a dividend yield of 0.76%.
What is the Return on Equity (ROE) of Madhav Marbles and Granites Ltd?
Madhav Marbles and Granites Ltd reported a return on equity of 0.08%. Its debt-to-equity ratio is 0.06.

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 #}

Website madhavmarbles.com
Listed 2007-12-20
Face Value ₹ 10
Shares Outstanding 89,47,000

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