Madhav Marbles and Granites Ltd

Madhav Marbles Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madhav Marbles and Granites Ltd

₹ 62.2 -0.61%
23 Dec - close price
madhavmarbles.com BSE: 515093 NSE: MADHAV
About

Incorporated in 1989, Madhav Marbles and Granites Ltd is a 100% Export Oriented Unit, engaged in manufacturing, processing, and trading granite slabs/tiles, marble slabs/tiles, windmill power generation, and realty business. [1][2]

Key Points

Product Offerings
The company has several products which can be categorized into four main divisions: Marble, Granite, Quartz, and Sandstone.[1]

Website BSE NSE
  • Market Cap ₹ 55.9 Cr.
  • Current Price ₹ 62.2
  • High / Low ₹ 92.0 / 37.0
  • Stock P/E 155
  • Book Value ₹ 154
  • Dividend Yield 0.00 %
  • ROCE 0.55 %
  • ROE -0.10 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.40 times its book value

Cons

  • 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 -12.3% over past five years.
  • Company has a low return on equity of 0.59% over last 3 years.
  • Contingent liabilities of Rs.42.0 Cr.
  • Earnings include an other income of Rs.5.36 Cr.
  • Debtor days have increased from 112 to 137 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14.72 11.26 11.58 14.54 11.57 9.20 11.61 11.14 10.66 6.50 11.59 10.60 5.82
13.46 10.64 12.42 12.22 13.05 10.08 11.01 10.42 11.32 8.10 10.93 10.06 6.65
Operating Profit 1.26 0.62 -0.84 2.32 -1.48 -0.88 0.60 0.72 -0.66 -1.60 0.66 0.54 -0.83
OPM % 8.56% 5.51% -7.25% 15.96% -12.79% -9.57% 5.17% 6.46% -6.19% -24.62% 5.69% 5.09% -14.26%
1.12 1.08 1.74 1.22 1.34 1.59 1.21 0.90 1.08 1.00 1.79 1.03 1.54
Interest 0.12 0.09 0.11 0.13 0.17 0.12 0.13 0.20 0.22 0.25 0.29 0.24 0.16
Depreciation 1.20 1.22 1.25 1.22 1.21 1.03 1.27 0.76 0.64 0.64 0.74 0.77 0.50
Profit before tax 1.06 0.39 -0.46 2.19 -1.52 -0.44 0.41 0.66 -0.44 -1.49 1.42 0.56 0.05
Tax % 22.64% 23.08% -102.17% 22.37% -3.29% 0.00% -175.61% 24.24% -27.27% -2.68% 7.04% 19.64% 20.00%
0.83 0.30 0.01 1.71 -1.46 -0.44 1.14 0.50 -0.33 -1.45 1.32 0.45 0.04
EPS in Rs 0.93 0.34 0.01 1.91 -1.63 -0.49 1.27 0.56 -0.37 -1.62 1.48 0.50 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
63.40 74.10 90.97 78.88 79.34 69.65 76.96 60.28 61.89 53.17 46.93 39.90 34.51
55.00 63.51 78.96 71.42 72.87 69.38 69.78 57.82 56.75 51.00 46.35 40.78 35.74
Operating Profit 8.40 10.59 12.01 7.46 6.47 0.27 7.18 2.46 5.14 2.17 0.58 -0.88 -1.23
OPM % 13.25% 14.29% 13.20% 9.46% 8.15% 0.39% 9.33% 4.08% 8.31% 4.08% 1.24% -2.21% -3.56%
1.90 3.33 2.41 3.76 2.17 5.40 4.89 6.72 4.51 5.14 5.35 4.77 5.36
Interest 0.44 0.24 0.22 0.66 0.22 1.08 1.30 1.10 0.52 0.43 0.55 0.97 0.94
Depreciation 4.83 5.46 3.23 2.50 2.33 2.42 4.76 4.89 4.62 4.85 4.72 2.79 2.65
Profit before tax 5.03 8.22 10.97 8.06 6.09 2.17 6.01 3.19 4.51 2.03 0.66 0.13 0.54
Tax % 37.97% 26.52% 28.44% 5.83% 14.61% 17.05% 23.29% 31.35% 4.43% 3.94% -43.94% 76.92%
3.13 6.04 7.85 7.58 5.21 1.80 4.61 2.18 4.32 1.94 0.94 0.04 0.36
EPS in Rs 3.50 6.75 8.77 8.47 5.82 2.01 5.15 2.44 4.83 2.17 1.05 0.04 0.40
Dividend Payout % 28.59% 22.23% 17.10% 11.81% 17.18% 12.43% 4.85% 0.00% 10.36% 11.53% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -12%
3 Years: -14%
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -59%
Stock Price CAGR
10 Years: 4%
5 Years: 18%
3 Years: 4%
1 Year: 17%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 1%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8.95 8.95 8.95 8.95 8.95 8.95 8.95 8.95 8.95 8.95 8.95 8.95 8.95
Reserves 92.11 96.57 102.81 109.32 114.52 115.19 119.61 121.53 125.99 127.52 128.24 128.28 128.77
0.00 0.00 10.02 5.02 4.00 20.13 17.82 8.60 9.68 6.61 7.93 13.39 6.99
18.11 17.30 17.97 19.28 14.62 17.49 15.84 13.89 10.84 10.20 9.46 7.35 7.44
Total Liabilities 119.17 122.82 139.75 142.57 142.09 161.76 162.22 152.97 155.46 153.28 154.58 157.97 152.15
26.57 21.83 28.97 27.34 27.00 30.03 41.34 36.85 32.47 29.19 29.25 26.53 25.50
CWIP 0.15 0.01 0.31 0.64 1.06 13.45 0.33 0.37 0.51 0.29 0.39 0.38 0.38
Investments 0.00 0.00 0.00 0.00 0.63 1.95 2.55 1.98 1.31 2.03 2.98 3.06 3.05
92.45 100.98 110.47 114.59 113.40 116.33 118.00 113.77 121.17 121.77 121.96 128.00 123.22
Total Assets 119.17 122.82 139.75 142.57 142.09 161.76 162.22 152.97 155.46 153.28 154.58 157.97 152.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4.42 10.29 7.71 11.52 5.75 -8.00 0.45 14.06 -1.55 1.39 2.89 -5.94
-1.36 0.89 -9.07 -0.14 -2.42 -17.98 3.62 -4.16 3.84 -0.80 -3.62 1.36
-3.40 -1.05 8.44 -7.09 -2.32 13.98 -3.88 -10.69 0.45 -3.64 0.55 4.49
Net Cash Flow -0.34 10.13 7.08 4.29 1.01 -12.00 0.19 -0.80 2.74 -3.04 -0.18 -0.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 188.89 160.19 144.56 143.86 111.65 135.26 127.01 129.28 115.53 96.18 102.04 137.40
Inventory Days 357.18 320.65 210.94 231.03 252.70 277.43 278.70 324.50 293.05 463.18 508.48 509.82
Days Payable 77.25 71.55 51.76 78.64 76.53 96.55 82.92 74.93 66.36 68.72 84.32 59.73
Cash Conversion Cycle 468.83 409.28 303.75 296.25 287.83 316.14 322.78 378.84 342.21 490.63 526.20 587.49
Working Capital Days 312.78 267.12 228.70 265.24 223.81 285.71 282.62 405.69 294.52 334.73 373.24 461.51
ROCE % 5.44% 8.19% 9.85% 7.12% 5.04% 2.11% 5.03% 3.01% 3.26% 1.69% 0.56% 0.55%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
41.34% 42.10% 42.22% 42.22% 42.43% 42.60% 42.77% 42.81% 42.66% 43.48% 43.50% 43.50%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
4.03% 4.03% 4.03% 2.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
54.64% 53.87% 53.75% 55.22% 57.57% 57.41% 57.23% 57.20% 57.32% 56.52% 56.49% 56.50%
No. of Shareholders 9,3289,2709,2699,4119,4659,4069,3209,2929,0209,1958,9469,084

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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