1. India Stocks

  2. •

    Consumer durables

  3. •

    Home furnishings
Marvel Decor Ltd.

Marvel Decor Ltd.

NNSE:MDL
53.95
INR
+3.00
(+5.89%)
1.01BMarket Cap
Marvel Decor Ltd.
NSE:MDL
(National Stock Exchange of India)

Recent

price

53.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
18.93
22.32
17.98
23.1
55.79
18.79
15.37
17.34
16.34
24.19
29.15
34.86
35.65
38.6
- -
Revenue per Share
1.37
1.22
1.03
0.67
2.37
1.82
2.06
0.16
0.06
0.78
1.19
1.89
2.16
2.45
- -
Basic EPS, GAAP
-0.43
-0.97
2.47
2.36
0.98
2.03
-4.13
1.51
1.86
1.09
-0.4
-0.3
-2.58
-0.37
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.49
5.38
6.14
6.63
7.43
23.24
24.95
25.66
25.72
26.6
27.93
29.79
35.3
37.38
37.38
Book Value per Share
4.49
5.38
6.14
6.63
7.43
23.24
24.92
25.65
25.71
26.58
27.61
29.47
34.93
37.06
37.06
Tangible Book Value per Share
12
12
12
12
5
17
17
17
17
17
17
15
18
18
18
Basic Weighted Avg Shares
235
277
224
287
301
321
262
296
278
412
497
534
631
685
- -
Sales/Revenue/Turnover
15.53
14.76
12.44
7.75
8.42
19.35
19.84
7.03
5.01
6.21
6.17
9.38
7.44
4.07
- -
Operating Margin (%)
2
2
8
8
8
18
20
23
21
20
19
17
17
20
- -
Depreciation Expense
17
15
13
8
13
31
35
3
1
13
20
29
38
43
- -
Net Income, GAAP
32.95
33.18
30.93
33.06
33.06
26.35
28.81
55.52
66.95
12.35
12.13
10.43
9.41
12.23
- -
Effective Tax Rate (%)
7.24
5.46
5.75
2.91
4.25
9.68
13.37
0.9
0.34
3.24
4.09
5.42
6.06
6.34
- -
Profit Margin (%)
100
129
120
113
107
294
288
275
296
286
306
351
438
508
508
Working Capital
67
98
92
91
113
23
12
16
32
16
15
12
7
72
72
LT Debt
77
92
105
113
127
396
440
454
445
459
476
508
626
663
663
Total Equity
- -
11.55
7.01
5.23
6.02
12.24
8.09
1.7
0.76
3.99
4.51
6.76
5.83
2.85
- -
Return on Invested Capital (%)
- -
10.55
6.93
5.28
5.61
12.49
8.3
0.63
0.92
4.02
5.32
6.55
7.27
6.8
- -
Return on Capital (%)
- -
17.99
13.09
7.69
10.68
11.89
8.53
0.62
0.21
3
4.37
5.89
6.74
6.74
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
150
144
142
LT Borrowings
7
52
72
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
1,640
1,650
1,011

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
701
761
774
Cash, Cash Equivalents & STI
12
12
8
Accounts Receivable, Net
131
203
170
Inventories
509
514
551
Total Current Liabilities
263
277
265
Payables & Accruals
- -
- -
- -
ST Debt
150
144
142
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.99%
8.56%
5.92%
Free Cash Flow
63.74%
116.63%
-85.57%
Net Income, GAAP
151.52%
292.74%
13.57%
Sales/Revenue/Turnover
10.28%
20.54%
8.5%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
534
2025
- -
- -
631
2026
- -
- -
685

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.89
2025
- -
- -
2.16
2026
- -
- -
2.45

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Marvel Decor Limited is an India-based manufacturer and supplier of window dressing solutions, interior furnishings, and architectural shading systems. Founded in 1996 and headquartered in Jamnagar, Gujarat, India, the company specializes in the design, engineering, fabrication, and distribution of decorative and functional window coverings for residential, commercial, hospitality, healthcare, and institutional sectors across domestic and international markets. The company operates through specialized business divisions encompassing indoor shading systems, exterior facade blinds, and intelligent automation integrations. Its core product portfolio is marketed primarily under the Marvel brand and includes roller blinds, motorized roller shades, and zebra dual sheer blinds; vertical blinds, venetian blinds in aluminum and natural wood, and roman shades; honeycomb and pleated cellular blinds engineered for thermal and acoustic insulation; exterior shading solutions, skylight blinds, and zip-screen weather blinds; customized digital-printed decorative blinds; motorized and manual curtain track systems, architectural drapery hardware, and intelligent automation controllers compatible with IoT and building management systems; and technical acoustic fabrics, flame-retardant textiles, and blackout materials. In recent operational developments, Marvel Decor Limited has expanded its advanced manufacturing and assembly facilities in Jamnagar to scale production capacity; strengthened its nationwide dealer and distribution network across key urban centers; integrated next-generation IoT-enabled motorized shading solutions with mobile and voice-assisted controls; introduced sustainable, eco-friendly fabric lines designed to support green building standards; and formed strategic supply partnerships with commercial interior design and architectural firms to expand its contract furnishing business.