Madhav Marbles & Granites Ltd. (IN:MADHAV)
:MADHAV
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Madhav Marbles & Granites Ltd.
(MADHAV)
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Rating:53Neutral
Price Target:
₹40.00
▼(-5.21% Downside)
Action:ReiteratedDate:04/24/26
The score is held back primarily by weak financial performance, including declining revenue and persistent losses. Technical indicators provide moderate support with improving momentum. Valuation is a negative factor due to loss-making results (negative P/E) and no dividend yield data.
Positive Factors
Improving free cash flow
A rising free cash flow trend provides durable financial flexibility: it funds working capital and maintenance capex, enables deleveraging or targeted investments, and reduces reliance on external financing—helpful through cyclical construction demand over months.
Negative Factors
Declining revenue trend
Material multi-year revenue decline reduces scale economies and weakens bargaining power with suppliers and customers. Lower top-line makes it harder to cover fixed processing costs, pressuring margins and cash generation over the next several quarters unless demand or pricing improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving free cash flow
A rising free cash flow trend provides durable financial flexibility: it funds working capital and maintenance capex, enables deleveraging or targeted investments, and reduces reliance on external financing—helpful through cyclical construction demand over months.
Read all positive factors
Madhav Marbles & Granites Ltd. (MADHAV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹340.16M
Dividend YieldN/A
Average Volume (3M)2.24K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth-16.68%
EPS Growth-243.69%
CountryIN
Employees173
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)-1.03
Shares Outstanding8,947,000
10 Day Avg. Volume1,107
30 Day Avg. Volume2,237
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)0.30
Price to Sales (P/S)1.19
P/FCF Ratio20.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Madhav Marbles & Granites Ltd. Business Overview & Revenue Model
Company Description
Madhav Marbles and Granites Limited manufactures, processes, and trades in granite and marble slabs, and tiles in India. It also provides sandstone, quartz, and tile products. The company exports its products to North America, Canada, Europe, Aust...
How the Company Makes Money
MADHAV makes money primarily by selling marble and granite materials and related processed/value-added stone products. Key revenue streams typically include (1) sale of processed stone such as slabs and tiles produced through cutting, polishing, a...
Madhav Marbles & Granites Ltd. Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 293.92M | 310.57M | 399.01M | 472.25M | 531.28M | 618.21M |
| Gross Profit | 116.35M | 126.68M | 151.15M | 197.48M | 231.23M | 246.06M |
| EBITDA | 27.39M | 28.71M | 27.48M | 46.90M | 56.93M | 58.41M |
| Net Income | -9.21M | -6.80M | -14.49M | -20.20M | -51.10M | -4.34M |
Balance Sheet | ||||||
| Total Assets | 1.39B | 1.39B | 1.42B | 1.41B | 1.44B | 1.53B |
| Cash, Cash Equivalents and Short-Term Investments | 5.18M | 7.21M | 8.91M | 44.51M | 23.89M | 100.88M |
| Total Debt | 102.93M | 117.15M | 150.72M | 96.08M | 82.88M | 113.61M |
| Total Liabilities | 214.74M | 208.27M | 227.88M | 194.13M | 188.05M | 225.05M |
| Stockholders Equity | 1.24B | 1.24B | 1.25B | 1.26B | 1.29B | 1.31B |
Cash Flow | ||||||
| Free Cash Flow | -7.01M | 17.57M | -59.07M | 184.57M | 197.06M | 80.00M |
| Operating Cash Flow | -5.71M | 20.20M | -55.53M | 232.21M | 210.73M | 80.00M |
| Investing Cash Flow | 27.34M | 30.57M | 17.68M | -48.51M | -51.83M | 78.68M |
| Financing Cash Flow | -23.66M | -48.11M | 36.96M | -185.47M | -188.98M | -132.01M |
Madhav Marbles & Granites Ltd. Technical Analysis
Positive
42.20
Price Trends
35.50
Positive
38.17
Negative
41.33
Negative
Market Momentum
-0.14
Negative
58.28
Neutral
49.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MADHAV, the sentiment is Positive. The current price of 42.2 is above the 20-day moving average (MA) of 33.23, above the 50-day MA of 35.50, and above the 200-day MA of 41.33, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 58.28 is Neutral, neither overbought nor oversold. The STOCH value of 49.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MADHAV.
Madhav Marbles & Granites Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹176.91B | 23.52 | ― | 1.15% | 3.25% | 64.91% | |
78 Outperform | ₹27.55B | 31.58 | ― | 0.07% | -17.13% | -20.99% | |
62 Neutral | ₹18.78B | 21.78 | ― | ― | 11.93% | 583.30% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹340.16M | -19.39 | ― | ― | -16.68% | -243.69% | |
52 Neutral | ₹399.02M | -4.01 | ― | ― | -31.25% | 11.46% | |
42 Neutral | ₹388.37M | 18.64 | ― | ― | -9.08% | ― |
* Basic Materials Sector Average
IN:MADHAV
Madhav Marbles & Granites Ltd.
38.02
-5.78
-13.20%
IN:AROGRANITE
ARO Granite Industries Limited
26.08
-6.55
-20.07%
IN:ASIANTILES
Asian Granito India Limited
63.35
20.08
46.41%
IN:KAJARIACER
Kajaria Ceramics Limited
1,110.75
290.43
35.40%
IN:LEXUS
Lexus Granito (India) Ltd.
18.68
-13.25
-41.50%
IN:POKARNA
Pokarna Limited
888.75
-22.00
-2.42%
Madhav Marbles & Granites Ltd. Corporate Events
Madhav Marbles & Granites files SEBI demat compliance certificate for March quarter
Apr 15, 2026
Madhav Marbles Granites Ltd. has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026, confirming adherence to dematerialisation norms. Its reg...
Madhav Marbles & Granites Slips to Quarterly Loss as Margins Come Under Pressure
Mar 7, 2026
Madhav Marbles Granites reported standalone revenue from operations of Rs 660.25 lakh for the quarter ended 31 December 2025, slightly below both the preceding quarter and the year-ago period, while total income reached Rs 763.93 lakh on the back...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.