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Swing Capital

Madhav Marbles and Granites Ltd

NSE: MADHAV BSE: 515093Energy

Incorporated in 1989, Madhav Marbles and Granites Ltd does manufacturing, processing trading and export of granite, marble, windmill power generation, and realty business.{#https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc4eec45-c8f6-467c-8c0b-7e498041f808.pdf#page=73/www.bseindia.com/xml-data/corpfiling/AttachHis/cc4eec45-c8f6-467c-8c0b-7e498041f808.pdf#page=73 #}

₹35.5
52W: ₹29 — ₹54
PE 0 · Book ₹154 · -77% vs book
Market Cap₹31.8 Cr
Stock P/E—Price to Earnings
ROCE1.17%Return on Capital
ROE0.44%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 0.24 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -12.5% over past five years.
  • −Company has a low return on equity of 0.26% over last 3 years.
  • −Contingent liabilities of Rs.40.7 Cr.
  • −Earnings include an other income of Rs.5.58 Cr.

Shareholding Pattern

Promoters45.54%
FIIs0%
DIIs0.59%
Public53.88%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters43.5%43.5%43.5%43.89%▲0.444.19%▲0.344.6%▲0.445.2%▲0.645.54%▲0.3
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0.59%▲0.60.59%
Public56.49%56.5%▲0.056.49%▼0.056.11%▼0.455.82%▼0.355.4%▼0.454.22%▼1.253.88%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales10.666.511.5910.65.826.857.677.926.846.6
Expenses11.328.110.9310.066.655.758.497.967.66.78
Operating Profit-0.66-1.60.660.54-0.831.1-0.82-0.04-0.76-0.18
OPM %-6.19%-24.62%5.69%5.09%-14.26%16.06%-10.69%-0.51%-11.11%-2.73%
Net Profit-0.33-1.451.320.450.040.6-0.340.160.03-0.13
EPS ₹-0.37-1.621.480.50.040.67-0.380.180.03-0.15

AI Insights

Revenue Trend

TTM revenue at ₹29.03Cr, down 6.2% YoY. OPM at -6.2%.

Debt Position

Borrowings at ₹9.97Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Capex Cycle

CWIP at ₹0.4Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.59% (+0.59pp change). FIIs: 0% (+0.00pp change). Promoters hold 45.54%.

Margin & Efficiency

ROCE declining from 8.19% (Mar 2014) to 1.17% (Mar 2025). Working capital days: 416.06.

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