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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
37.77
INR
+1.45
- -
337.93MMarket Cap
Madhav Marbles and Granites Limited
MADHAV.NS
(National Stock Exchange of India)

Recent

price

37.77

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
71.09
72.86
70.14
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
Revenue per Share
3.76
1.16
5.15
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
Basic EPS, GAAP
8.91
19.3
3.91
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
- -
Free Cash Flow per Basic Share
1.17
1
1
1
1
1.5
1.5
1
1
0.25
0.25
- -
0.5
0.25
- -
- -
- -
Dividend per Share
62.51
62.51
65.38
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
- -
Book Value per Share
106.63
106.63
110.62
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
- -
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
636
652
628
634
741
910
789
793
696
761
601
618
531
472
396
310
291
Sales/Revenue/Turnover
6.37
2.05
4.91
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
Operating Margin (%)
46
45
42
48
55
32
25
23
24
48
49
46
49
47
28
26
30
Depreciation Expense
34
10
46
31
60
79
76
52
18
46
20
-4
-51
-38
-23
-15
-19
Net Income, GAAP
2.15
- -
18.46
37.88
26.54
28.4
5.9
14.5
16.79
23.33
32.13
28.65
15.39
- -
- -
- -
- -
Effective Tax Rate (%)
5.29
1.6
7.35
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
Profit Margin (%)
854
460
542
623
633
573
619
681
592
514
676
552
448
481
434
390
- -
Working Capital
212
24
10
- -
- -
- -
- -
- -
92
51
157
34
7
24
18
13
- -
LT Debt
954
954
990
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
- -
Total Equity
3.24
- -
2.48
2.2
3.51
6.03
4.27
3.04
0.31
2.24
-0.1
1.09
-1.01
- -
- -
- -
- -
Return on Invested Capital (%)
5.63
- -
7.53
5.22
9.85
14.51
20.05
14.23
5.27
10.24
5.15
-0.38
-12.51
- -
- -
- -
- -
Return on Capital (%)
6.05
1.86
8.06
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.