Madhav Marbles And Granites Ltd - Stock Valuation and Financial Performance

BSE: 515093 | NSE: MADHAV | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Madhav Marbles&Gran. Share Price

51.90 3.42 7.05%
as on 21-Nov'24 16:00

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Madhav Marbles And Granites stock performance -

mw4me loader
P/E Ratio (SA):
123.58
Market Cap:
43.4 Cr.
52-wk low:
37.1
52-wk high:
92

Is Madhav Marbles And Granites Ltd an attractive stock to invest in?

1. Is Madhav Marbles And Granites Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Madhav Marbles And Granites Ltd is a below average quality company.

2. Is Madhav Marbles And Granites Ltd undervalued or overvalued?

The key valuation ratios of Madhav Marbles And Granites Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Madhav Marbles And Granites Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Madhav Marbles And Granites Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Madhav Marbles&Gran.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Madhav Marbles And Granites Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.9%7.1%5%2.4%5%3%3.6%1.7%0.8%0.8%-
Value Creation
Index
-0.3-0.5-0.6-0.8-0.6-0.8-0.8-0.9-0.9-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9178.979.369.77760.361.953.246.939.935
Sales YoY Gr.--13.3%0.6%-12.2%10.5%-21.7%2.7%-14.1%-11.7%-15%-
Adj EPS 8.77.15.90.13.91.14.31-0.2-0.30.4
YoY Gr.--18.2%-16.8%-98.8%5428.6%-71.1%279.5%-76%-123.5%NA-
BVPS (₹) 124.9132.2138138.8143.7145.8150.8152.5153.3153.4153.9
Adj Net
Profit
7.86.45.30.13.513.80.9-0.2-0.30
Cash Flow from Ops. 7.711.55.8-80.514.1-1.61.42.9-5.9-
Debt/CF from Ops. 1.30.40.7-2.539.50.6-6.34.82.7-2.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.8%-12.3%-13.6%-15%
Adj EPS -168.3%-159.1%-140.4%NA
BVPS2.3%1.3%0.6%0%
Share Price -0.4% 17.6% -0.4% 4.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.25.64.40.12.70.82.90.7-0.2-0.20.3
Op. Profit
Mgn %
13.29.58.40.49.54.88.34.11.4-2.2-3.6
Net Profit
Mgn %
8.68.16.70.14.51.76.21.7-0.5-0.61
Debt to
Equity
0.1000.20.10.10.10.10.10.10
Working Cap
Days
3774374175005206736578159291,148312
Cash Conv.
Cycle
206220189206199248217251283337240

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.30%

Sales growth has been subdued in last 3 years -13.61%

Sales growth is not so good in last 4 quarters at -19.92%

Latest Financials - Madhav Marbles And Granites Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 -1.2
TTM Sales (₹ Cr.) 34.5 34.6
BVPS (₹.) 153.9 139.6
Reserves (₹ Cr.) 129 116
P/BV 0.32 0.35
PE 123.58 0.00
From the Market
52 Week Low / High (₹) 37.05 / 92.00
All Time Low / High (₹) 2.00 / 171.35
Market Cap (₹ Cr.) 43.4
Equity (₹ Cr.) 9
Face Value (₹) 10
Industry PE 42.2

Management X-Ray of Madhav Marbles&Gran.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.001.030.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Madhav Marbles&Gran.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales90.9878.8879.3469.6576.9660.2861.8953.1746.9339.90
Operating Expenses 78.9771.4172.8869.3969.7757.8356.745146.3640.77
Manufacturing Costs21.2518.9416.2213.8716.1012.589.619.699.217.55
Material Costs42.0336.1139.6836.3435.6128.2930.2423.0521.4619.86
Employee Cost 8.469.359.749.9310.029.8110.0510.419.508.15
Other Costs 7.227.027.249.258.047.156.857.856.195.22
Operating Profit 12.017.466.470.267.192.455.152.170.57-0.87
Operating Profit Margin (%) 13.2%9.5%8.1%0.4%9.3%4.1%8.3%4.1%1.2%-2.2%
Other Income 2.413.762.185.404.896.724.515.145.354.77
Interest 0.220.660.221.081.301.100.520.430.550.97
Depreciation 3.232.502.332.424.764.894.624.854.722.79
Exceptional Items 0000000000
Profit Before Tax 10.978.066.092.166.013.184.522.030.650.14
Tax 3.110.480.880.361.4010.200.08-0.290.10
Profit After Tax 7.857.585.211.804.612.184.321.940.940.04
PAT Margin (%) 8.6%9.6%6.6%2.6%6.0%3.6%7.0%3.7%2.0%0.1%
Adjusted EPS (₹)8.88.55.82.05.22.44.82.21.10.0
Dividend Payout Ratio (%)17%12%17%12%5%0%10%12%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 111.76118.27123.46124.14128.56130.48134.94136.47137.19137.23
Share Capital 8.958.958.958.958.958.958.958.958.958.95
Reserves 102.81109.32114.52115.19119.61121.53125.99127.52128.24128.28
Minority Interest0000000000
Debt10.025.02420.1315.906.587.564.797.3512.84
Long Term Debt00075.083.373.370.712.361.80
Short Term Debt10.025.02413.1310.823.214.194.094.9911.04
Trade Payables5.968.377.689.578.095.815.464.344.963.25
Others Liabilities 1210.9110.3911.6014.5915.3113.8415.1413.9614.42
Total Liabilities 139.74142.57145.53165.44167.14158.18161.79160.74163.45167.74

Fixed Assets

Gross Block81.1681.9783.8387.62103.69103.64103.89105.29108.23102.90
Accumulated Depreciation52.1954.6356.8357.5962.3566.8071.4276.0978.9876.36
Net Fixed Assets28.9727.342730.0341.3436.8532.4729.1929.2526.53
CWIP 0.310.640.4613.450.330.370.510.290.390.38
Investments 000.631.952.551.981.312.032.983.06
Inventories24.2924.5925.3627.5027.1925.1624.1129.2529.9127.74
Trade Receivables36.0331.0924.2725.8126.7821.3519.5914.0113.1215.02
Cash Equivalents 10.3617.0922.7911.311.717.893.582.504.510.92
Others Assets39.7941.8245.0255.3967.2564.5980.2183.4783.2994.08
Total Assets 139.74142.57145.53165.44167.14158.18161.79160.74163.45167.74

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 7.7111.525.75-80.4514.06-1.551.392.89-5.94
PBT 10.978.066.092.166.013.184.522.030.650.14
Adjustment 1.720.240.861.043.170.552.791.180.21-0.76
Changes in Working Capital -2.855.04-0.03-10.32-7.8311.86-7.94-0.982.31-5.03
Tax Paid -2.12-1.82-1.17-0.88-0.90-1.53-0.92-0.84-0.27-0.28
Cash Flow From Investing Activity -9.07-0.14-2.42-17.983.62-4.163.84-0.80-3.621.36
Capex -10.66-1.22-2.41-17.56-2.950.63-0.39-1.32-4.460.19
Net Investments 00-0.58-1.23-0.4200.67-0.72-1.05-0.08
Others 1.591.080.570.816.99-4.803.551.241.891.25
Cash Flow From Financing Activity 8.44-7.09-2.3213.98-3.88-10.690.45-3.640.554.49
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0009.19-1.92-1.710-2.661.65-0.56
Interest Paid -0.01-0.48-0.22-1.08-1.30-1.10-0.52-0.43-0.55-0.97
Dividend Paid -1.34-1.34-0.89-0.89-0.22-0.220-0.45-0.220
Others 9.79-5.26-1.216.76-0.44-7.660.98-0.10-0.336.02
Net Cash Flow 7.084.291.01-120.19-0.802.74-3.04-0.18-0.08
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)7.236.594.311.453.651.683.261.430.690.03
ROCE (%)9.857.115.042.385.0333.551.70.830.75
Asset Turnover Ratio0.710.580.580.480.480.390.410.350.310.25
PAT to CFO Conversion(x)0.981.521.1-4.440.16.45-0.360.723.07-148.5
Working Capital Days
Receivable Days135149121123119139115109100123
Inventory Days97108109130124152138174217252
Payable Days49727487919068787975

Madhav Marbles And Granites Ltd Stock News

Madhav Marbles And Granites Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Madhav Marbles&Gran. on 21-Nov-2024 16:00 is ₹51.90.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Madhav Marbles&Gran. stood at ₹43.38.
The latest P/E ratio of Madhav Marbles&Gran. as of 21-Nov-2024 16:00 is 123.6.
The latest P/B ratio of Madhav Marbles&Gran. as of 21-Nov-2024 16:00 is 0.32.
The 52-week high of Madhav Marbles&Gran. is ₹92.00 and the 52-week low is ₹37.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Madhav Marbles&Gran. is ₹34.52 ( Cr.) .

About Madhav Marbles And Granites Ltd

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.
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