Madhav Marbles & Granites Ltd. (MADHAV) AI Stock Analysis

• Market Cap: ₹308.67M
• Dividend Yield: N/A
• Average Volume (3M): 2.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: -15.13%
• EPS Growth: 14.17%
• Country: IN
• Employees: 173
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): -0.55
• Shares Outstanding: 8,947,000
• 10 Day Avg. Volume: 1,107
• 30 Day Avg. Volume: 2,237
• PEG Ratio: 1.02
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 20.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: ₹34.00 ▼(-19.43% Downside)
• Action: Reiterated Date: 03/28/26
• Date: Action: Reiterated 03/28/26

The score is held down primarily by weak financial performance (declining revenue and persistent losses) and bearish technicals (price below all key moving averages with negative MACD). Balance sheet strength and improved recent free cash flow provide some support, but valuation remains difficult to justify given negative earnings and no dividend data.

Positive Factors

Balance-sheet strength

A high equity ratio provides a lasting capital buffer that helps the company absorb cyclical downturns in construction demand and supports working capital and capex needs without immediate refinancing. This structural strength underpins operational continuity over months.

Negative Factors

Declining revenue trend

A persistent top-line decline reduces economies of scale and weakens bargaining power with suppliers and customers. In a cyclical construction industry, shrinking revenue makes it harder to cover fixed costs and constrains capacity to invest for long-term competitiveness.

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...

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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...

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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

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

• Technical Analysis Sentiment: Neutral
• Last Price: 42.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MADHAV, the sentiment is Neutral. The current price of 42.2 is above the 20-day moving average (MA) of 33.40, above the 50-day MA of 35.58, and above the 200-day MA of 41.59, indicating a neutral trend. The MACD of -0.75 indicates Negative momentum. The RSI at 51.75 is Neutral, neither overbought nor oversold. The STOCH value of 46.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MADHAV.

Madhav Marbles & Granites Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NRAIL	67 Neutral	₹7.20B	14.28	―	0.41%	36.98%	-64.34%
OCCL	64 Neutral	₹1.11B	18.71	―	10.99%	-76.65%	-76.77%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AROGRANITE	48 Neutral	₹365.67M	-4.01	―	―	-21.28%	59.71%
MADHAV	46 Neutral	₹308.67M	-19.39	―	―	-15.13%	14.17%
ORIENTALTL	42 Neutral	₹530.72M	137.24	―	―	293.84%	―

Madhav Marbles & Granites Ltd. Corporate Events