Madhav Marbles & Granites Ltd.

About

Madhav Marbles and Granites Limited engages in the manufacture and sale of natural stones and tiles in India. The company operates in three segments: Granite and Stone; Realty; and Power Generation. It's products include marble slabs and tiles, granite slabs and tiles, quartz, and sandstone, as well as calibrated and stone tiles. The company also owns and operates three wind turbine generators with an installed capacity of 4.00 MW located in the state of Tamil Nadu. In addition, it is involved in the real estate business. The company exports its products to North America, South America, Canada, Europe, Australia, South Africa, Russia, and the Far East. Madhav Marbles and Granites Limited was incorporated in 1989 and is based in Udaipur, India.

Key Metrics

as of Sep 2026

Market Cap32 Cr

P/E—

Div Yield0.00 %

Book Value₹138.00

52w High₹51.80

52w Low₹29.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	7.91	9.24	6.60	6.84	8.03	7.67	6.85	5.93	10.60	11.59	6.50	10.66	11.14
Expenses	7.80	10.44	6.78	7.62	8.05	8.53	5.79	6.74	10.08	10.96	8.12	11.33	10.41
Operating Profit	0.11	-1.20	-0.18	-0.78	-0.02	-0.86	1.06	-0.81	0.52	0.63	-1.62	-0.67	0.73
OPM %	1.39	-12.99	-2.73	-11.40	-0.25	-11.21	15.47	-13.66	4.91	5.44	-24.92	-6.29	6.55
Other Income	0.54	4.62	0.59	1.28	0.77	1.21	-0.03	1.21	0.57	1.38	0.83	0.89	0.58
Depreciation	0.69	0.73	0.83	0.62	0.72	0.82	0.47	0.50	0.77	0.74	0.64	0.64	0.76
Interest	0.27	0.22	0.30	0.59	0.35	0.25	0.74	0.23	0.24	0.38	0.41	0.70	0.29
Profit before tax	-0.31	2.47	-0.72	-0.71	-0.32	-0.72	-0.18	-0.33	0.08	0.89	-1.84	-1.12	0.26
Tax %	12.90	25.10	-4.17	1.41	12.50	9.72	83.33	3.03	137.50	11.24	-2.17	-10.71	61.54
Net Profit	-0.80	1.49	-0.49	-0.44	-0.18	0.02	-0.32	-0.34	-0.03	1.45	-2.15	-0.77	0.02
EPS in Rs	-0.89	1.67	-0.55	-0.49	-0.20	0.02	-0.36	-0.38	-0.03	1.62	-2.40	-0.86	0.02

Profit & Loss

Annual · Rs. Crores

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

Balance Sheet

Annual · Rs. Crores — latest first

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

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash from Operating Activity	5.19	2.02	-5.55	23.22	21.07	8.00	-13.15	-3.60
Cash from Investing Activity	1.07	3.06	1.77	-4.85	-5.18	7.87	-3.20	2.34
Cash from Financing Activity	-5.22	-4.81	3.70	-18.55	-18.90	-13.20	15.65	1.45
Net Cash Flow	1.04	0.27	-0.09	-0.18	-3.01	2.67	-0.71	0.20
Free Cash Flow	8.81	1.98	-5.35	18.97	19.75	10.58	-18.45	-8.13
CFO/OP %	-258.00	-7,233.00	574.00	4,121.00	1,048.00	300.00	-487.00	-38.00

Ratios

Annual · Days / % — latest first

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

Shareholding Pattern

% holding — latest first

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

Corporate Actions

22 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	23 Sep 2024	—	—	—	Annual General Meeting
Other	22 Sep 2023	—	—	—	Annual General Meeting
Dividend	23 Sep 2022	—	—	0.25
Dividend	22 Sep 2021	—	—	0.50
Other	17 Dec 2020	—	—	—	Annual General Meeting
Dividend	20 Sep 2019	—	—	0.25
Other	22 May 2019	—	—	—	E.G.M.
Other	22 May 2019	—	—	—	Extra Ordinary General Meeting
Other	20 Mar 2019	—	—	—	E.G.M.
Other	20 Mar 2019	—	—	—	Extra Ordinary General Meeting
Dividend	02 Aug 2018	—	—	0.25
Dividend	31 Aug 2017	—	—	1.00
Dividend	04 Aug 2016	—	—	1.00
Dividend	05 Aug 2015	—	—	1.50
Dividend	31 Jul 2014	—	—	1.50
Dividend	07 Aug 2013	—	—	1.00
Dividend	13 Sep 2012	—	—	1.00
Dividend	20 Sep 2011	—	—	1.00
Dividend	16 Sep 2010	—	—	1.00
Dividend	17 Sep 2009	—	—	1.00
Dividend	22 Sep 2008	—	—	1.00
Dividend	13 Sep 2007	—	—	2.00

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Aug 2026 16 Aug - Newspaper Publication - Un-audited Results for quarter ended June 30, 2026
Announcement under Regulation 30 (LODR)-Change in Management
13 Aug 2026 13 Aug - Board approved Q1 FY27 results, director reappointments, AGM notice, RPT limit changes, and Rs6 crore unsecured loan.
Board Meeting Outcome for Outcome Of Board Meeting
13 Aug 2026 13 Aug - Board approved Q1 FY27 results, director reappointments, RPT limits, ₹6 crore promoter loan, AGM on Sept 30, 2026.
Un-Audited Financial Results - June 30, 2026 13 Aug
13 Aug 2026
Board Meeting Intimation for Board Meeting On Thursday August 13, 2026
05 Aug 2026 5 Aug - Board meets August 13, 2026 to approve Q1 results, internal auditor appointment, and director reappointments.