Madhav Marbles And Granites Ltd - Stock Valuation and Financial Performance

Madhav Marbles and Granites was incorporated as a private limited company on April 7, 1989 and on May 31, and 1990 was converted into public limited company. The company was established with an  object to set up a 100% export oriented unit for processing of granite tiles and another unit for processing of marble tiles. The company was promoted by Rajsingh Dungarpur and other directors. The company is setting up EOUs for processing granite tiles and marble tiles.

A plant for producing marble tiles was set in Udaipur in the state of Rajasthan in 1992 and a similar plant for granite tiles was set up near Salem in the state of Tamil Nadu. Thus both the plants are located near sources of raw material. 

The granite plant is a 100% export oriented unit and exports almost all its production to many countries including U.S.A., Germany, Holland, UK, Australia and South Africa. A granite slab plant was set up in 2001 and they are a full service company offering granite tiles, slabs and cut to size products, from a single plant.  The marble plant, though not a 100% export oriented unit, exports almost its entire production to various countries, prominent ones being Italy, Spain, Japan, Germany, Holland and USA. Both tiles and slabs are processed in Udaipur and the company operates marble quarries in Keshariaji near Udaipur , famous all over the world for its Green Marble, and also exports marble blocks to Italy, Spain and China.

Product range of the company includes:

Granite:

• Paradiso Bash 
• Indian Dakota Granite
• Kashmir White
• Ruby Red 
• Desert Brown 
• Kashmir Gold
• Raw Silk 
• Chamrajnagar Black
• Colombo Juparana 
• Ivory Brown 
• Madura Gold
• Black Pearl
• Siva Gold Granite
• Star galaxy Granite
• Viscount White Granite
• Thiruvannamalai Yellow Granite
• Tan Brown Granite
• Vizag Blue Granite
• Warangal Black Granite
• Gibli Granite
• Multicolour Red Granite
• Paradiso Granite
• Sapphire Blue Granite
• Sapphire Brown Granite 

Marble:

• Forest Green Marble
• Emerald Green Marble
• Madhav Green Marble
• Rain Forest Brown Marble 
• Indian Onyx Light Marble
• Rain Forest Green Marble
• Indian Onyx Pink Marble

Achievements/ recognition:

• Their Green Marble is only one of the lots which have been tested in American Laboratory ASTM (American Society for Testing and Materials Standards).
• Madhav Marbles and Granites is a member of the Marble Institute of America.