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Madhav Marbles and Granites Limited

NSE: MADHAV · Unclassified

₹33.90+2.54%06 Nov 2026

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Instant answers about Madhav Marbles and Granites Limited — computed from its filings, no language model
Market cap₹30 cr
Current price₹33.90
High / Low₹44 / ₹30
P/E—
P/B0.25
Book value₹138.3
ROE-0.2%
ROCE1.6%
Debt / equity0.06
Dividend yield—
EPS (TTM)₹-0.27
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 7 periods
FY20FY21FY22FY23FY24FY25FY26
Revenue60.362.053.447.239.931.130.7
EBITDA2.42.72.10.5-0.9-0.1-2.2
Operating margin3.9%4.3%3.9%1.0%-2.3%-0.3%-7.1%
Interest1.20.60.81.01.81.41.5
Depreciation4.94.64.94.72.82.62.9
Profit before tax3.00.90.6-1.0-1.8-1.10.7
Tax0.90.20.1-0.30.10.30.6
Net profit0.00.0-2.4-2.0-1.40.00.4
EPS ₹2.240.69-2.64-2.26-1.62-0.760.44
Operating cash flow——6.123.4-5.52.05.2
Capex——1.44.80.30.30.5
Dividend paid——0.50.20.00.00.0
Total assets———141.4142.5139.1137.2
Equity———126.4125.0124.3123.8

Quarterly performance

last 28 quarters · ₹ crore
showing latest 8 of 28 periods
SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
Revenue16.413.116.411.018.115.717.315.714.711.411.614.711.79.211.611.110.76.511.610.65.96.87.78.06.86.69.27.9
Operating profit1.1-1.01.51.41.91.0-1.71.11.00.6-0.52.3-1.5-0.90.60.7-0.7-1.60.60.5-0.81.1-0.8-0.0-0.8-0.2-1.20.1
Operating margin6.8%-7.7%9.4%13.1%10.8%6.6%-10.1%6.7%6.8%4.8%-4.5%15.5%-12.7%-10.0%5.1%6.6%-6.3%-24.9%5.4%4.8%-13.7%15.5%-11.1%-0.2%-11.3%-2.6%-13.1%1.4%
Other income1.21.72.10.90.70.81.00.90.90.81.50.91.11.70.60.60.90.81.40.61.2-0.01.20.81.30.64.60.5
Interest0.30.20.40.10.20.20.10.10.10.10.50.20.40.6-0.20.30.70.40.40.20.20.70.20.30.60.30.20.3
Depreciation1.21.21.21.21.21.21.01.21.21.21.21.21.21.01.30.80.60.60.70.80.50.50.80.70.60.80.70.7
Profit before tax0.8-0.72.01.11.20.4-1.80.70.60.1-0.81.8-2.1-0.80.10.3-1.1-1.80.90.1-0.3-0.2-0.7-0.3-0.7-0.72.5-0.3
Tax0.2-0.10.80.30.50.2-0.60.20.20.1-0.50.5-0.10.0-0.70.2-0.1-0.00.10.10.00.10.10.00.0-0.00.60.0
Net profit0.6-0.60.00.00.00.20.00.00.1-1.6-0.61.4-2.1-1.70.40.0-0.80.01.4-0.00.0-0.30.0-0.2-0.4-0.51.5-0.8
EPS ₹0.71-0.611.430.880.890.25-1.33-0.270.07-1.77-0.671.51-2.34-1.900.470.03-0.86-2.411.62-0.04-0.38-0.360.02-0.20-0.49-0.551.67-0.89
Revenue YoY————10.2%20.0%5.6%42.9%-18.7%-27.4%-32.9%-6.2%-20.6%-19.1%0.3%-24.3%-8.8%-29.3%-0.2%-4.8%-44.4%5.4%-33.8%-24.2%15.3%-3.6%20.5%-1.5%
Profit YoY————-100.0%————-787.0%——-3583.3%——-100.0%——245.2%———-100.0%—————

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Madhav Marbles and Granites Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue58.063.565.662.663.474.191.078.979.570.077.0
Operating profit7.18.65.27.18.010.413.37.36.30.37.2
Operating margin12.2%13.5%7.9%11.3%12.7%14.0%14.6%9.2%7.9%0.4%9.3%
Other income1.20.90.70.81.93.32.43.82.15.44.9
Interest2.81.31.10.80.1——0.5—1.11.3
Depreciation4.34.64.34.24.85.54.72.52.32.44.8
Profit before tax1.23.50.65.95.08.211.08.16.02.26.0
Tax0.00.00.00.01.92.23.10.50.90.41.4
Net profit1.23.50.65.93.16.07.87.65.21.84.6

Quarters

showing latest 8 of 48 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†JUN '19†
Revenue21.725.312.714.217.614.911.415.516.515.316.215.818.114.617.115.117.914.914.715.715.313.319.116.919.517.620.122.723.820.524.020.420.215.123.220.221.116.222.018.218.414.419.019.721.019.217.114.5
Operating profit7.31.8-3.62.32.71.50.72.32.31.82.22.61.5-0.11.21.41.92.71.12.02.21.62.31.83.92.91.83.23.42.83.92.53.10.01.71.22.21.11.80.4-1.00.30.61.31.32.91.70.7
Operating margin33.8%7.2%-28.8%16.0%15.1%9.9%5.7%14.6%13.9%12.1%13.4%16.3%8.2%-0.6%7.3%9.2%10.4%18.2%7.6%12.5%14.3%12.0%11.9%10.5%19.8%16.4%9.2%14.1%14.2%13.6%16.2%12.0%15.6%0.1%7.2%5.9%10.6%6.6%8.1%2.4%-5.5%1.9%2.9%6.8%6.1%15.0%10.0%5.0%
Other income0.00.02.90.20.70.30.10.20.20.20.20.10.20.10.30.10.10.00.50.50.50.20.70.61.10.61.11.00.60.50.31.20.70.91.00.80.70.9-0.31.50.51.22.21.92.1-0.21.11.6
Interest1.70.90.70.41.01.00.40.40.30.20.40.30.30.30.20.20.30.10.10.00.00.00.00.0——————0.00.20.10.10.10.10.0—0.00.20.30.30.40.30.40.20.40.3
Depreciation0.80.91.71.11.01.11.11.10.91.51.11.01.01.31.11.01.01.01.31.01.11.11.71.21.21.21.81.41.41.20.70.60.60.70.50.60.60.60.50.50.50.70.71.11.21.21.31.2
Profit before tax4.90.1-3.11.01.3-0.3-0.81.01.30.30.81.40.5-1.60.30.43.81.60.21.51.50.81.31.13.72.21.12.82.62.13.52.93.00.12.11.32.41.41.01.2-1.20.51.71.71.91.21.20.8
Tax0.00.02.00.00.00.0-0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.01.90.00.01.40.70.90.80.41.10.50.60.0-0.70.30.50.3-0.10.2-0.20.10.30.30.40.30.40.2
Net profit4.90.1-5.21.01.3-0.3-0.81.01.30.30.81.40.5-1.60.30.43.81.60.21.51.50.8-0.71.13.70.80.41.91.91.72.32.32.40.12.81.11.91.11.11.0-1.00.41.41.41.51.00.80.6
EPS ₹5.480.06-5.761.111.44-0.31-0.931.141.490.380.941.530.05-1.730.330.404.231.770.191.631.710.89-0.731.244.150.920.442.182.061.912.622.592.710.083.091.172.111.221.251.07-1.130.491.581.521.671.100.860.71
Revenue YoY————-18.8%-41.1%-10.3%9.6%-6.3%2.6%42.7%2.0%9.2%-4.1%5.4%-4.7%-0.8%1.9%-14.3%3.9%-14.6%-10.6%30.3%7.7%27.5%32.2%5.3%34.2%22.0%16.4%19.5%-9.8%-15.2%-26.5%-3.5%-1.4%4.8%7.6%-5.2%-9.8%-12.9%-11.1%-13.5%8.1%14.3%32.8%-10.2%-26.5%
Profit YoY————-73.7%-640.0%—3.0%3.1%——33.3%-66.2%-555.9%-64.3%-73.5%740.0%—-43.3%305.6%-59.5%-50.0%-482.4%-24.0%142.5%3.8%—75.7%-50.1%108.5%500.0%19.0%30.8%-95.3%17.9%-54.7%-21.9%1275.0%-59.4%-8.6%-153.4%-60.9%25.9%41.7%—127.9%-45.4%-52.9%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 25 periods
JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
ROE—————————-2.3%-2.4%-1.6%-2.7%-1.5%-0.3%0.5%0.5%1.1%0.9%-0.3%-0.4%-0.8%-0.9%0.3%-0.2%
ROCE—————————0.2%-0.1%-0.0%-1.1%-0.2%-1.0%-0.0%-0.2%0.0%1.5%0.2%0.0%0.0%-0.7%1.7%1.6%
Net margin0.1%-0.9%0.4%0.4%0.3%0.5%-2.6%-4.0%-1.5%-5.9%-6.4%-4.3%-7.7%-4.8%-0.9%1.7%1.7%4.1%3.1%-1.1%-1.8%-3.2%-3.8%1.2%-0.8%
EBITDA margin5.4%6.7%9.7%4.3%3.4%2.1%1.5%3.9%6.3%1.7%-1.4%1.0%-2.5%-0.6%-2.4%-2.3%-2.9%-3.7%4.0%-0.3%-2.2%-2.0%-6.2%-7.1%-6.7%
Debt / equity—————————0.080.080.080.080.060.060.120.120.070.070.090.090.080.080.060.06
Interest coverage4.224.996.472.471.850.64-0.161.652.690.20-0.12-0.03-1.42-0.20-1.20-0.02-0.150.051.300.220.020.01-0.651.511.54
Asset turnover—————————0.340.330.330.310.280.260.280.280.250.260.220.200.210.210.220.22

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 8 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26
Share capital8.98.98.98.98.98.98.98.9
Other equity / reserves119.0117.5128.2116.0116.0115.4114.8114.8
Total equity127.9126.4137.2125.0124.9124.3123.7123.8
Borrowings9.69.67.915.18.711.710.38.0
Current liabilities16.414.812.818.412.415.616.514.9
Non-current liabilities3.94.64.64.34.15.25.04.2
Total assets145.1141.4154.6142.5135.8139.1138.6137.2
Property, plant & equipment27.930.329.227.626.625.324.021.9
Capital work-in-progress2.92.80.42.82.82.82.82.8
Investments3.10.53.00.20.20.10.14.1
Inventories30.929.929.927.727.226.329.431.4
Receivables16.115.515.216.514.312.411.815.8
Cash & equivalents1.80.20.20.10.20.40.21.4

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations6.123.4-5.52.05.2
Cash from investing-5.2-5.01.83.11.1
Cash from financing-3.9-18.63.7-4.8-5.2
Capex1.44.80.30.30.5
Free cash flow4.718.6-5.91.84.7
Dividends paid0.50.20.00.00.0

Where the assets sit

Mar '26 · ₹ crore
Fixed assets (PPE)
₹21.9 cr16%
CWIP
₹2.8 cr2%
Investments
₹4.1 cr3%
Inventories
₹31.4 cr23%
Receivables
₹15.8 cr11%
Cash & equivalents
₹1.4 cr1%
Other assets
₹59.8 cr44%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Madhav Marbles and Granites Limited3033.90—0.25-0.2%

StoxGud checklist: Bearish setup · 3/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.8%
6 months-11.9%
1 year-22.9%
3Y CAGR-12.9%
5Y CAGR-9.4%
10Y CAGR-5.1%
50-day avg₹33.81
200-day avg₹35.64
RSI (14)56

FAQs

What is the share price of Madhav Marbles and Granites Limited?

Madhav Marbles and Granites Limited (MADHAV) closed at ₹33.90 on NSE on 06 Nov 2026.

What is the market cap of Madhav Marbles and Granites Limited?

₹30 crore at the latest close.

How fast is Madhav Marbles and Granites Limited growing?

Madhav Marbles and Granites Limited: revenue has compounded at -13.4% a year over three years. Latest-quarter revenue is down 1.5% year on year.

How profitable is Madhav Marbles and Granites Limited?

On a trailing-twelve-month basis return on equity is -0.2%, return on capital employed 1.6%, operating margin -6.7%, net margin -0.8%.

How much debt does Madhav Marbles and Granites Limited have?

Madhav Marbles and Granites Limited is lightly geared: debt to equity is 0.06 with borrowings of ₹8 cr against cash of ₹1 cr (balance sheet of 2026-03-31). Operating profit covers interest 1.5 times.

Financials parsed from Madhav Marbles and Granites Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.