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Madhav Marbles and Granites Limited

Madhav Marbles and Granites Limited

MADHAV.NS
Madhav Marbles and Granites LimitedIN flagNational Stock Exchange of India
37.82
INR
+1.50
- -
338.38MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
70.87
82.82
101.68
88.16
88.6
77.76
85.09
67.2
69.1
59.38
52.78
44.24
34.68
32.8
Basic EPS, GAAP
3.5
6.75
8.78
8.48
5.82
2.01
5.15
2.24
-0.49
-5.71
-4.3
-2.58
-1.66
-2.13
Free Cash Flow per Basic Share
2.52
10.73
-3.31
11.5
3.68
-28.98
-9.09
-20.63
8.94
22.03
20.63
-6.6
1.96
- -
Dividend per Share
1
1
1.5
1.5
1
1
0.25
0.25
- -
0.5
0.25
- -
- -
- -
Book Value per Share
66.03
71.02
38.88
33.94
38.55
39.3
33.06
35.09
36.27
33.17
30.67
29.05
28.32
- -
Tangible Book Value per Share
112.95
117.94
124.91
133.39
137.96
138.72
143.83
146.26
145.92
140.29
136.37
133.79
132.17
- -
Basic Weighted Avg Shares
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Sales/Revenue/Turnover
634
741
910
789
793
696
761
601
618
531
472
396
310
291
Operating Margin (%)
5.65
6.66
10.53
7.09
5.64
0.73
5.61
-0.37
3.64
-3.11
-8.57
-8.23
-7.05
-14.88
Depreciation Expense
48
55
32
25
23
24
48
49
46
49
47
28
26
30
Net Income, GAAP
31
60
79
76
52
18
46
20
-4
-51
-38
-23
-15
-19
Effective Tax Rate (%)
37.88
26.54
28.4
5.9
14.5
16.79
23.33
32.13
28.65
15.39
- -
- -
- -
- -
Profit Margin (%)
4.94
8.15
8.63
9.61
6.57
2.59
6.06
3.33
-0.7
-9.62
-8.14
-5.83
-4.78
-6.49
Working Capital
623
633
573
619
681
592
514
676
552
448
481
434
390
- -
LT Debt
- -
- -
- -
- -
- -
92
51
157
34
7
24
18
13
- -
Total Equity
1,011
1,055
1,118
1,193
1,235
1,241
1,287
1,309
1,306
1,255
1,220
1,197
1,183
- -
Return on Invested Capital (%)
2.2
3.51
6.03
4.27
3.04
0.31
2.24
-0.1
1.09
-1.01
- -
- -
- -
- -
Return on Capital (%)
5.22
9.85
14.51
20.05
14.23
5.27
10.24
5.15
-0.38
-12.51
- -
- -
- -
- -
Return on Common Equity (%)
5.32
9.85
15.98
23.28
16.06
5.17
14.25
6.57
-1.36
-16.45
-13.46
-8.64
-5.78
- -

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
93
- -
LT Borrowings
- -
10
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
9
- -
Market Capitalization
421
384
375

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
565
- -
Cash, Cash Equivalents & STI
- -
5
- -
Accounts Receivable, Net
- -
97
- -
Inventories
- -
294
- -
Total Current Liabilities
- -
165
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
93
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.62%
-2%
-1.21%
Free Cash Flow
-160.98%
-53.02%
-129.74%
Net Income, GAAP
85.44%
170.97%
-35.68%
Sales/Revenue/Turnover
-9.68%
-12.03%
-21.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
111
107
65
113
396
2025
106
59
69
76
310
2026
80
68
66
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
-0.86
-2.41
- -
-2.58
2025
-0.04
-0.38
-0.36
- -
-1.66
2026
-0.2
-0.49
-0.55
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Madhav Doshi
Full Time Employees
173
Sector
Industrials
Industry
Construction
Address
Mumal Towers Udaipur India 313001
IPO Date
Dec 20, 2007
Website
madhavmarbles.com
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Business
Madhav Marbles and Granites Limited, incorporated in 1989 and headquartered in Udaipur, Rajasthan, India, manufactures, processes, and trades granite slabs and tiles, marble slabs and tiles, quartz, sandstone, and other natural stones; it also operates windmill power generation and realty businesses through its Granite & Stone Division, Power Generation Unit, and Realty Division. The company offers calibrated granite tiles, granite XL tiles, and an extensive range of granite varieties including Absolute Black, Black Galaxy, Kashmir Gold, Kashmir White, Colonial Cream, Imperial Gold, Amadeus Blue, Blue Pearl, and Coffee Brown; its marble, quartz, and sandstone products are processed at facilities in Udaipur for northern stones like green marble and slates, and in Salem, Tamil Nadu for granites using Italian-imported machinery such as Gaspari gang-saws and Breton polishing lines with an annual capacity of 600,000 square meters. It exports to North America, Europe, Australia, South Africa, Russia, and the Far East, serving architects, interior designers, and homeowners with premium natural stones. In August 2025, the company approved the leasing of its windmill assets to a new entity in which it holds a 74% stake to enhance power sales following Q1 FY26 results; it maintains related party transactions with subsidiaries Madhav Ashok Ventures Private Limited and Madhav Surfaces FZC LLC, continues nearly debt-free operations after reductions, and appointed additional directors including Ms. Surabhi Yadav and Ms. Swati Yadav in recent board changes.