1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Construction materials
Madhav Marbles & Granites Ltd.

Madhav Marbles & Granites Ltd.

32.70
INR
+0.71
(+2.22%)
0.12EPS
326.30MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
82.82
101.68
88.16
88.6
77.76
85.09
67.2
69.1
59.38
52.78
44.24
34.68
34.14
34.32
Basic EPS, GAAP
6.75
8.78
8.48
5.82
2.01
5.15
2.24
-0.49
-5.71
-4.3
-2.58
-1.66
-0.4
-0.26
Free Cash Flow per Basic Share
10.73
-3.31
11.5
3.68
-28.98
-9.09
-20.63
8.94
22.03
20.63
-6.6
1.96
5.22
- -
Dividend per Share
1
1.5
1.5
1
1
0.25
0.25
- -
0.5
0.25
- -
- -
- -
- -
Book Value per Share
117.94
124.91
133.39
137.99
138.75
143.69
145.72
146.9
143.8
141.29
139.67
138.95
138.33
- -
Tangible Book Value per Share
117.94
124.91
133.39
137.96
138.72
143.66
145.72
146.89
143.8
141.29
139.67
138.95
138.33
- -
Basic Weighted Avg Shares
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Sales/Revenue/Turnover
741
910
789
793
696
761
601
618
531
472
396
310
305
306
Operating Margin (%)
6.66
10.53
7.09
5.64
0.73
5.61
-0.37
3.64
-3.11
-8.57
-8.23
-7.05
-11.55
-16.02
Depreciation Expense
55
32
25
23
24
48
49
46
49
47
28
26
29
29
Net Income, GAAP
60
79
76
52
18
46
20
-4
-51
-38
-23
-15
-4
-2
Effective Tax Rate (%)
26.54
28.4
5.9
14.5
16.79
23.33
32.13
28.65
15.39
- -
- -
- -
86.82
85.24
Profit Margin (%)
8.15
8.63
9.61
6.57
2.59
6.06
3.33
-0.7
-9.62
-8.14
-5.83
-4.78
-1.18
-0.75
Working Capital
633
573
619
681
592
514
676
552
448
481
434
390
457
- -
LT Debt
- -
- -
- -
- -
92
51
157
34
7
24
18
13
7
- -
Total Equity
1,055
1,118
1,193
1,235
1,241
1,287
1,309
1,306
1,255
1,220
1,197
1,183
1,181
- -
Return on Invested Capital (%)
5.76
6.87
6.08
4.09
-1.32
1.5
-0.21
-0.54
-1.48
- -
- -
- -
-0.1
- -
Return on Capital (%)
5.84
6.92
6.53
4.17
1.82
3.65
1.77
-0.12
-3.53
- -
- -
- -
-0.19
- -
Return on Common Equity (%)
5.84
7.23
6.56
4.29
1.45
3.65
1.55
-0.33
-3.93
-3.01
-1.84
-1.19
-0.29
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
73
- -
LT Borrowings
- -
7
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
378
277
326

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
606
- -
Cash, Cash Equivalents & STI
- -
18
- -
Accounts Receivable, Net
- -
143
- -
Inventories
- -
314
- -
Total Current Liabilities
- -
149
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
73
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.08%
-1.98%
-0.15%
Free Cash Flow
-99.67%
8.79%
165.72%
Net Income, GAAP
78.2%
180.14%
-75.81%
Sales/Revenue/Turnover
-8.5%
-12.9%
-1.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
106
59
69
77
310
2026
80
68
66
92
305
2027
79
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.04
-0.38
-0.36
0.02
-1.66
2026
-0.2
-0.49
-0.55
1.67
-0.4
2027
-0.89
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Madhav Doshi
Full Time Employees
133
Sector
Non-energy minerals
Industry
Construction materials
Address
Mumal Towers Udaipur RA India 313001
IPO Date
May 18, 1992
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.