Madhav Marbles and Granites Ltd (MADHAV) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	10.66	6.50	11.59	10.60	5.93	6.85	7.67	8.03	6.84	6.60	9.24	7.91
Expenses	11.33	8.12	10.96	10.08	6.74	5.79	8.53	8.05	7.62	6.78	10.44	7.80
Operating Profit	-0.67	-1.62	0.63	0.52	-0.81	1.06	-0.86	-0.02	-0.78	-0.18	-1.20	0.11
OPM %	-6.29%	-24.92%	5.44%	4.91%	-13.66%	15.47%	-11.21%	-0.25%	-11.40%	-2.73%	-12.99%	1.39%
Other Income	0.89	0.83	1.38	0.57	1.21	-0.03	1.21	0.77	1.28	0.59	4.62	0.54
Interest	0.70	0.41	0.38	0.24	0.23	0.74	0.25	0.35	0.59	0.30	0.22	0.27
Depreciation	0.64	0.64	0.74	0.77	0.50	0.47	0.82	0.72	0.62	0.83	0.73	0.69
Profit before tax	-1.12	-1.84	0.89	0.08	-0.33	-0.18	-0.72	-0.32	-0.71	-0.72	2.47	-0.31
Tax %	-10.71%	-2.17%	11.24%	137.50%	3.03%	83.33%	9.72%	12.50%	1.41%	-4.17%	25.10%	12.90%
Net Profit	-0.77	-2.15	1.45	-0.03	-0.34	-0.32	0.02	-0.18	-0.44	-0.49	1.49	-0.80
EPS in Rs	-0.86	-2.40	1.62	-0.03	-0.38	-0.36	0.02	-0.20	-0.49	-0.55	1.67	-0.89

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	76.96	60.31	62.02	53.36	47.23	39.90	31.06	30.71	30.59
Expenses	69.78	57.93	59.05	51.27	46.66	40.83	31.09	32.88	32.64
Operating Profit	7.18	2.38	2.97	2.09	0.57	-0.93	-0.03	-2.17	-2.05
OPM %	9.33%	3.95%	4.79%	3.92%	1.21%	-2.33%	-0.10%	-7.07%	-6.70%
Other Income	4.89	6.72	3.40	4.15	4.12	3.68	2.91	7.25	7.03
Interest	1.30	1.25	0.88	0.84	0.98	1.77	1.46	1.46	1.38
Depreciation	4.76	4.89	4.62	4.86	4.72	2.79	2.56	2.89	2.87
Profit before tax	6.01	2.96	0.87	0.54	-1.01	-1.81	-1.14	0.73	0.73
Tax %	23.29%	32.09%	28.74%	14.81%	-28.71%	5.52%	29.82%	87.67%
Net Profit	4.61	2.00	-0.43	-5.11	-3.84	-2.31	-1.48	0.39	-0.24
EPS in Rs	5.15	2.24	-0.48	-5.71	-4.29	-1.62	-0.76	0.44	-0.26
Dividend Payout %	4.85%	0.00%	-104.07%	-4.38%	0.00%	0.00%	0.00%	0.00%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	%	-13%	-13%	7%
Compounded Profit Growth	%	%	15%	-193%
Stock Price CAGR	-4%	-8%	-11%		-18%
Return on Equity	%	-2%	-1%			-1%

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8.95	8.95	8.95	8.95	8.95	8.95	8.95	8.95
Reserves	119.61	121.43	122.48	119.71	117.47	116.02	115.37	114.82
Borrowings	19.09	22.56	11.36	8.29	9.61	15.07	11.72	7.95
Other Liabilities	17.32	15.54	10.28	7.38	5.40	2.45	3.04	5.45
Total Liabilities	164.97	168.48	153.07	144.33	141.43	142.49	139.08	137.17
Fixed Assets	42.38	37.91	33.53	30.25	30.30	27.58	25.27	21.91
CWIP	0.87	5.94	3.16	2.93	2.82	2.82	2.82	2.78
Investments	2.24	10.82	9.10	3.52	0.52	0.20	0.13	4.09
Other Assets	119.48	113.81	107.28	107.63	107.79	111.89	110.86	108.39
Total Assets	164.97	168.48	153.07	144.33	141.43	142.49	139.08	137.17

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-3.60	-13.15	8.00	21.07	23.22	-5.55	2.02	5.19
Cash from Investing Activity	2.34	-3.20	7.87	-5.18	-4.85	1.77	3.06	1.07
Cash from Financing Activity	1.45	15.65	-13.20	-18.90	-18.55	3.70	-4.81	-5.22
Net Cash Flow	0.20	-0.71	2.67	-3.01	-0.18	-0.09	0.27	1.04
Free Cash Flow	-8.13	-18.45	10.58	19.75	18.97	-5.35	1.98	8.81
CFO/OP	-38%	-487%	300%	1,048%	4,121%	574%	-7,233%	-258%

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	126.77	128.30	113.35	95.35	104.18	135.48	128.33	169.60
Inventory Days	278.70	324.27	292.07	460.58	505.42	509.82	749.69	826.25
Days Payable	83.02	77.85	65.78	68.34	83.81	59.73	102.74	141.21
Cash Conversion Cycle	322.44	374.73	339.64	487.60	525.78	585.57	775.28	854.64
Working Capital Days	224.81	356.83	264.19	287.84	336.10	388.14	453.72	525.81
ROCE %		2.80%	1.19%	0.78%	0.05%	-0.25%	0.12%	-0.73%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	42.81%	42.66%	43.48%	43.50%	43.50%	43.50%	43.89%	44.19%	44.60%	45.20%	45.54%	45.77%
FIIs	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.59%	0.59%	0.59%
Public	57.20%	57.32%	56.52%	56.49%	56.50%	56.49%	56.11%	55.82%	55.40%	54.22%	53.88%	53.65%
No. of Shareholders	9,292	9,020	9,195	8,946	9,084	9,027	8,966	9,006	8,879	8,598	8,639	8,491

Fundamentals

Market Cap₹ 31.8 Cr.

Current Price₹ 35.5

Book Value₹ 138

ROCE-0.73 %

ROE-1.41 %

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)7%

Compounded Profit Growth (TTM)-193%

Consolidated figures.

Valuation

Market capRs 31 Cr

Enterprise valueRs 45 Cr

Price to book0.25x

Price to sales1.01x

EV / EBITDA9.03x

EV / EBIT21.31x

EV / sales1.47x

Earnings yield-0.78%

P/B, 3-year average0.30x

P/E, 5-year average8.41x

P/B, 5-year average0.27x

Profitability

Operating margin (excl. other income)-2.33%

Operating margin (incl. other income)6.89%

EBITDA margin16.28%

Pre-tax margin2.39%

Net profit margin-0.78%

Net margin, latest quarter-10.11%

ROE-1.15%

ROCE-0.03%

ROA-1.02%

ROE, 3-year average-2.70%

ROCE, 3-year average0.31%

ROA, 3-year average-2.38%

ROE, 5-year average-1.38%

ROCE, 5-year average0.98%

ROA, 5-year average-1.24%

ROIC (approx.)1.60%

Tax rate-5.52%

Other income / net worth2.94%

Growth

Sales growth (latest year)-15.52%

Sales CAGR, 3 years-13.67%

Sales CAGR, 5 years-12.31%

Sales growth QoQ-14.39%

Profit growth QoQ-153.69%

Sales growth YoY (latest quarter)-1.49%

Per share

EPS (TTM)Rs -0.27

EPS (latest year)Rs -1.62

EPS (latest quarter)Rs -0.89

EPS, 3-year averageRs -3.87

EPS, 5-year averageRs -1.97

Book value per shareRs 139.68

Sales per shareRs 34.19

Cash flow per shareRs -6.20

Free cash flow per shareRs 9.85

Dividend per share, 3-year averageRs 0.25

Dividend per share, 5-year averageRs 0.37

Efficiency

Asset turnover0.28x

Fixed asset turnover1.45x

Inventory turnover0.99x

Inventory days369 days

Debtor days135 days

Debtors turnover2.69x

Creditor days141 days

Cash conversion cycle855 days

Working capital days526 days

Leverage

Total debtRs 15 Cr

Cash and bankRs 1 Cr

Net debtRs 14 Cr

Debt to equity0.12x

Net debt / EBITDA2.83x

Interest coverage1.53x

Owners' fund to total sources87.70%

Debt to assets10.58%

Cash flow

Cash from Operating Activity (latest year)Rs -6 Cr

Cash from Investing Activity (latest year)Rs 2 Cr

Cash from Financing Activity (latest year)Rs 4 Cr

Net Cash Flow (latest year)Rs -0 Cr

Free cash flow (latest year)Rs 9 Cr

FCFE (approx.: FCF + change in debt)Rs 14 Cr

Statement figures

Net sales (TTM)Rs 31 Cr

Net sales (latest year)Rs 40 Cr

Sales (latest quarter)Rs 8 Cr

Operating profit excl. other income (latest year)Rs -1 Cr

Operating profit (latest quarter)Rs 0 Cr

Other income (TTM)Rs 7 Cr

EBITDA (TTM)Rs 5 Cr

PBDT (TTM)Rs 4 Cr

Profit before tax (TTM)Rs 1 Cr

Tax (latest year)Rs 0 Cr

Net profit (TTM)Rs -0 Cr

Net profit (latest year)Rs -1 Cr

Net profit (latest quarter)Rs -1 Cr

Depreciation (TTM)Rs 3 Cr

Depreciation (latest quarter)Rs 1 Cr

Interest (TTM)Rs 1 Cr

Cost of goods sold (latest year)Rs 27 Cr

Total expenditure (latest year)Rs 41 Cr

Total income (latest year)Rs 44 Cr

Share capitalRs 9 Cr

ReservesRs 116 Cr

Shareholders' fundsRs 125 Cr

Total assetsRs 142 Cr

Net blockRs 28 Cr

Capital work in progressRs 3 Cr

InvestmentsRs 0 Cr

ReceivablesRs 15 Cr

InventoryRs 28 Cr

Other liabilitiesRs 2 Cr

Shares outstanding (crore)0.89

Ownership

Promoter holding45.77% (+1.58 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/B 0.25 is at the 3th percentile (median 0.31).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	MADHAV	Nifty 50	Difference
1 week	+0.1%	-2.8%	+2.9 pts
1 month	-2.6%	-6.8%	+4.2 pts
3 months	-4.2%	-7.6%	+3.4 pts
6 months	+11.5%	+0.4%	+11.1 pts
1 year	-22.5%	-9.9%	-12.5 pts
2 years	-36.4%	-13.6%	-22.8 pts
3 years	-31.1%	+14.2%	-45.3 pts
5 years	-37.2%	+27.9%	-65.1 pts

Red flags

F-score 2 of 8

explain	Receivables outrunning sales Receivables grew 10% vs sales -16% in 2026
look	Repeated losses Net loss in each of the last two years

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹8 Cr -1.5% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2024-09-23	Annual General Meeting
2023-09-22	Annual General Meeting
2022-09-23	Annual General Meeting/Dividend - Rs 0.25 Per Share
2021-09-22	Annual General Meeting/Dividend - Rs 0.50 Per Share
2020-12-17	Annual General Meeting
2019-09-20	Annual General Meeting/Dividend - Rs 0.25 Per Share
2019-05-22	Extra Ordinary General Meeting
2019-03-20	Extra Ordinary General Meeting
2018-08-02	Annual General Meeting/Dividend- Re 0.25 Per Share
2017-08-31	Annual General Meeting/Dividend - Re 1 Per Share
2016-08-04	Annual General Meeting/ Dividend - Re 1/- Per Share
2015-08-05	Annual General Meeting/Dividend - Rs 1.50/- Per Share
2014-07-31	Annual General Meeting / Dividend - Rs 1.50/- Per Share
2013-08-07	Annual General Meeting And Dividend Re.1/- Per Share
2012-09-13	Annual General Meeting And Dividend Re.1/- Per Share
2011-09-20	Annual General Meeting/Dividend Re 1 Per Share
2010-09-16	Annual General Meeting And Dividend Re.1/- Per Share
2009-09-17	Agm/Div-Rs.1/- Per Share
2008-09-22	Agm/Dividend - 10%

Date	Type	What it says
2026-09-30	Shareholder meeting	Proceedings of Annual General Meeting held on September 30, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

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

Madhav Marbles and Granites Ltd (MADHAV) has a market capitalisation of Rs 31.8 Cr. at the 2026-10-01 close.

What were Madhav Marbles and Granites Ltd's latest quarterly results?

In the Jun 2026 quarter, Madhav Marbles and Granites Ltd sales was Rs 8 Cr (-1.5% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Madhav Marbles and Granites Ltd?

The 52-week high is Rs 46.79 and the 52-week low is Rs 29.00.