MADHAV MARBLE & GRANITE (MADHAV) financials

MADHAV MARBLE & GRANITE (MADHAV) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1989, Madhav Marbles and Granites Ltd does manufacturing, processingtrading and export of granite, marble, windmill power generation, and realty business.{#https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc4eec45-c8f6-467c-8c0b-7e498041f808.pdf#page=73/www.bseindia.com/xml-data/corpfiling/AttachHis/cc4eec45-c8f6-467c-8c0b-7e498041f808.pdf#page=73 #}

Market Cap: ₹31.0Cr.
Current Price: ₹34.6
Stock P/E: 182
ROE: -1.44%
ROCE: 0.39%
Book Value: ₹157
Dividend Yield: 0.00%
52W High / Low: ₹50.0/29.0

In Jun 2026, MADHAV MARBLE & GRANITE (MADHAV) reported sales ₹7.71 Cr and net profit ₹0.11 Cr.

Annual TTM: sales ₹30.24 Cr, net profit ₹2.33 Cr.

Shareholding: Promoters 45.79% (Sep 2026), FIIs 0.00% (Sep 2026), DIIs 0.59% (Sep 2026), Public 53.63% (Sep 2026), No. of Shareholders 8,424% (Sep 2026).

MADHAV quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	5.82	6.85	7.67	7.92	6.84	6.60	9.09	7.71
Expenses	6.65	5.75	8.49	7.96	7.60	6.78	10.29	7.59
Operating Profit	-0.83	1.10	-0.82	-0.04	-0.76	-0.18	-1.20	0.12
OPM %	-14.26%	16.06%	-10.69%	-0.51%	-11.11%	-2.73%	-13.20%	1.56%
Other Income	1.54	0.36	1.62	1.20	1.72	1.04	5.08	0.87
Interest	0.16	0.24	0.25	0.24	0.30	0.19	0.22	0.15
Depreciation	0.50	0.47	0.82	0.72	0.62	0.83	0.73	0.69
Profit before tax	0.05	0.75	-0.27	0.20	0.04	-0.16	2.93	0.15
Tax %	20.00%	20.00%	25.93%	20.00%	25.00%	-18.75%	21.16%	26.67%
Net Profit	0.04	0.60	-0.34	0.16	0.03	-0.13	2.32	0.11
EPS in Rs	0.04	0.67	-0.38	0.18	0.03	-0.15	2.59	0.12
Raw PDF	—	—	—	—	—	—	—	—

MADHAV profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	60.28	61.89	53.17	46.93	39.90	30.95	30.46	30.24
Expenses	57.82	56.75	51.00	46.35	40.78	30.95	32.54	32.26
Operating Profit	2.46	5.14	2.17	0.58	-0.88	0.00	-2.08	-2.02
OPM %	4.08%	8.31%	4.08%	1.24%	-2.21%	0.00%	-6.83%	-6.68%
Other Income	6.72	4.51	5.14	5.35	4.77	4.54	8.94	8.71
Interest	1.10	0.52	0.43	0.55	0.97	0.89	0.95	0.86
Depreciation	4.89	4.62	4.85	4.72	2.79	2.56	2.89	2.87
Profit before tax	3.19	4.51	2.03	0.66	0.13	1.09	3.02	2.96
Tax %	31.35%	4.43%	3.94%	-43.94%	76.92%	31.19%	21.19%	—
Net Profit	2.18	4.32	1.94	0.94	0.04	0.75	2.39	2.33
EPS in Rs	2.44	4.83	2.17	1.05	0.04	0.84	2.67	2.59
Dividend Payout %	0.00%	10.36%	11.53%	0.00%	0.00%	0.00%	0.00%	—

MADHAV balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8.95	8.95	8.95	8.95	8.95	8.95	8.95	8.95
Reserves	119.61	121.53	125.99	127.52	128.24	128.28	129.06	131.24
Borrowings	17.82	8.60	9.68	6.61	7.93	13.39	11.39	7.63
Other Liabilities	15.84	13.89	10.84	10.20	9.46	7.35	7.46	9.39
Total Liabilities	162.22	152.97	155.46	153.28	154.58	157.97	156.86	157.21
Fixed Assets	41.34	36.85	32.47	29.19	29.25	26.53	24.22	20.86
CWIP	0.33	0.37	0.51	0.29	0.39	0.38	0.38	0.34
Investments	2.55	1.98	1.31	2.03	2.98	3.06	3.00	8.41
Other Assets	118.00	113.77	121.17	121.77	121.96	128.00	129.26	127.60
Total Assets	162.22	152.97	155.46	153.28	154.58	157.97	156.86	157.21

MADHAV cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	0.45	14.06	-1.55	1.39	2.89	-5.94	-1.71	4.01
Cash from Investing Activity	3.62	-4.16	3.84	-0.80	-3.62	1.36	4.65	1.83
Cash from Financing Activity	-3.88	-10.69	0.45	-3.64	0.55	4.49	-2.90	-4.71
Net Cash Flow	0.19	-0.80	2.74	-3.04	-0.18	-0.08	0.04	1.13
Free Cash Flow	-2.50	15.19	-1.94	0.07	-1.57	-5.75	-1.75	7.73
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	19%	634%	-12%	103%	545%	643%	—	-212%

MADHAV shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	43.50%	43.89%	44.19%	44.60%	45.20%	45.54%	45.77%	45.79%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.59%	0.59%	0.59%	0.59%
Public	56.49%	56.11%	55.82%	55.40%	54.22%	53.88%	53.65%	53.63%
No. of Shareholders	9,027	8,966	9,006	8,879	8,598	8,639	8,491	8,424

MADHAV key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	127.01	129.28	115.53	96.18	102.04	137.40	137.16	181.30
Inventory Days	278.70	324.50	293.05	463.18	508.48	509.82	753.82	835.08
Days Payable	82.92	74.93	66.36	68.72	84.32	59.73	103.30	142.86
Cash Conversion Cycle	322.78	378.84	342.21	490.63	526.20	587.49	787.67	873.52
Working Capital Days	231.30	386.25	269.81	294.22	329.92	355.49	416.06	485.79
ROCE %	5.03%	3.01%	3.26%	1.69%	0.56%	0.55%	1.17%	0.39%

MADHAVUpdated 19 Oct 2026, 13:54

Madhav Marble & Granite

MADHAVUpdated 19 Oct 2026, 13:54

Market Cap

₹31.0Cr.

Current Price

₹34.6

High / Low

₹50.0/29.0

Stock P/E

182

ROE-1.44%

ROCE0.39%

Book Value₹157

Face Value₹10.0

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	11.14	0.2	10.42	0.9	0.76	0.66	24.24	0.5	0.56
Sep 2023	10.66	0.22	11.32	1.08	0.64	-0.44	-27.27	-0.33	-0.37
Dec 2023	6.5	0.25	8.1	1	0.64	-1.49	-2.68	-1.45	-1.62
Mar 2024	11.59	0.29	10.93	1.79	0.74	1.42	7.04	1.32	1.48
Jun 2024	10.6	0.24	10.06	1.03	0.77	0.56	19.64	0.45	0.5
Sep 2024	5.82	0.16	6.65	1.54	0.5	0.05	20	0.04	0.04
Dec 2024	6.85	0.24	5.75	0.36	0.47	0.75	20	0.6	0.67
Mar 2025	7.67	0.25	8.49	1.62	0.82	-0.27	25.93	-0.34	-0.38
Jun 2025	7.92	0.24	7.96	1.2	0.72	0.2	20	0.16	0.18
Sep 2025	6.84	0.3	7.6	1.72	0.62	0.04	25	0.03	0.03
Dec 2025	6.6	0.19	6.78	1.04	0.83	-0.16	-18.75	-0.13	-0.15
Mar 2026	9.09	0.22	10.29	5.08	0.73	2.93	21.16	2.32	2.59
Jun 2026	7.71	0.15	7.59	0.87	0.69	0.15	26.67	0.11	0.12

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	90.97	0.22	78.96	2.41	3.23	10.97	28.44	7.85	8.77
Mar 2016	78.88	0.66	71.42	3.76	2.5	8.06	5.83	7.58	8.47
Mar 2017	79.34	0.22	72.87	2.17	2.33	6.09	14.61	5.21	5.82
Mar 2018	69.65	1.08	69.38	5.4	2.42	2.17	17.05	1.8	2.01
Mar 2019	76.96	1.3	69.78	4.89	4.76	6.01	23.29	4.61	5.15
Mar 2020	60.28	1.1	57.82	6.72	4.89	3.19	31.35	2.18	2.44
Mar 2021	61.89	0.52	56.75	4.51	4.62	4.51	4.43	4.32	4.83
Mar 2022	53.17	0.43	51	5.14	4.85	2.03	3.94	1.94	2.17
Mar 2023	46.93	0.55	46.35	5.35	4.72	0.66	-43.94	0.94	1.05
Mar 2024	39.9	0.97	40.78	4.77	2.79	0.13	76.92	0.04	0.04
Mar 2025	30.95	0.89	30.95	4.54	2.56	1.09	31.19	0.75	0.84
Mar 2026	30.46	0.95	32.54	8.94	2.89	3.02	21.19	2.39	2.67
TTM	30.24	0.86	32.26	8.71	2.87	2.96	—	2.33	2.59

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	45.79%
DIIs	0.59%
Public	53.63%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	42.66%	0.01%	0%	57.32%
Mar 2024	43.48%	0%	0%	56.52%
Jun 2024	43.5%	0%	0%	56.49%
Sep 2024	43.5%	0%	0%	56.5%
Dec 2024	43.5%	0%	0%	56.49%
Mar 2025	43.89%	0%	0%	56.11%
Jun 2025	44.19%	0%	0%	55.82%
Sep 2025	44.6%	0%	0%	55.4%
Dec 2025	45.2%	0%	0.59%	54.22%
Mar 2026	45.54%	0%	0.59%	53.88%
Jun 2026	45.77%	0%	0.59%	53.65%
Sep 2026	45.79%	0%	0.59%	53.63%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	8.95	102.81	10.02	17.97	139.75	28.97	0.31	0	110.47	139.75
Mar 2016	8.95	109.32	5.02	19.28	142.57	27.34	0.64	0	114.59	142.57
Mar 2017	8.95	114.52	4	14.62	142.09	27	1.06	0.63	113.4	142.09
Mar 2018	8.95	115.19	20.13	17.49	161.76	30.03	13.45	1.95	116.33	161.76
Mar 2019	8.95	119.61	17.82	15.84	162.22	41.34	0.33	2.55	118	162.22
Mar 2020	8.95	121.53	8.6	13.89	152.97	36.85	0.37	1.98	113.77	152.97
Mar 2021	8.95	125.99	9.68	10.84	155.46	32.47	0.51	1.31	121.17	155.46
Mar 2022	8.95	127.52	6.61	10.2	153.28	29.19	0.29	2.03	121.77	153.28
Mar 2023	8.95	128.24	7.93	9.46	154.58	29.25	0.39	2.98	121.96	154.58
Mar 2024	8.95	128.28	13.39	7.35	157.97	26.53	0.38	3.06	128	157.97
Mar 2025	8.95	129.06	11.39	7.46	156.86	24.22	0.38	3	129.26	156.86
Mar 2026	8.95	131.24	7.63	9.39	157.21	20.86	0.34	8.41	127.6	157.21

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	7.71	-9.07	8.44	7.08
Mar 2016	11.52	-0.14	-7.09	4.29
Mar 2017	5.75	-2.42	-2.32	1.01
Mar 2018	-8	-17.98	13.98	-12
Mar 2019	0.45	3.62	-3.88	0.19
Mar 2020	14.06	-4.16	-10.69	-0.8
Mar 2021	-1.55	3.84	0.45	2.74
Mar 2022	1.39	-0.8	-3.64	-3.04
Mar 2023	2.89	-3.62	0.55	-0.18
Mar 2024	-5.94	1.36	4.49	-0.08
Mar 2025	-1.71	4.65	-2.9	0.04
Mar 2026	4.01	1.83	-4.71	1.13

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	144.56	143.86	111.65	135.26	127.01	129.28	115.53	96.18	102.04	137.40	137.16	181.30
Inventory Days	210.94	231.03	252.70	277.43	278.70	324.50	293.05	463.18	508.48	509.82	753.82	835.08
Days Payable	51.76	78.64	76.53	96.55	82.92	74.93	66.36	68.72	84.32	59.73	103.30	142.86
Cash Conversion Cycle	303.75	296.25	287.83	316.14	322.78	378.84	342.21	490.63	526.20	587.49	787.67	873.52
Working Capital Days	188.50	242.01	205.41	228.38	231.30	386.25	269.81	294.22	329.92	355.49	416.06	485.79
ROCE %	9.85%	7.12%	5.04%	2.11%	5.03%	3.01%	3.26%	1.69%	0.56%	0.55%	1.17%	0.39%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MADHAV MARBLE & GRANITE (MADHAV)?

The reported market capitalisation for MADHAV MARBLE & GRANITE (MADHAV) is ₹31.0Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MADHAV?

The current price shown for MADHAV MARBLE & GRANITE (MADHAV) on Fincrux is ₹34.6 with a 52-week high/low of ₹50.0/29.0.

What is the P/E ratio of MADHAV MARBLE & GRANITE (MADHAV)?

The stock P/E for MADHAV MARBLE & GRANITE (MADHAV) is 182 on Fincrux, with ROE at -1.44% and ROCE at 0.39%.

What were MADHAV latest quarterly results?

For Jun 2026, MADHAV MARBLE & GRANITE (MADHAV) reported sales ₹7.71 Cr and net profit ₹0.11 Cr (figures in ₹ crore unless noted).

What are MADHAV annual sales and net profit?

For TTM, MADHAV MARBLE & GRANITE (MADHAV) shows sales of ₹30.24 Cr and net profit of ₹2.33 Cr on the Fincrux profit & loss statement.

Who owns MADHAV MARBLE & GRANITE (MADHAV)?

Latest shareholding for MADHAV MARBLE & GRANITE (MADHAV) on Fincrux: Promoters 45.79% (Sep 2026), FIIs 0.00% (Sep 2026), DIIs 0.59% (Sep 2026), Public 53.63% (Sep 2026), No. of Shareholders 8,424% (Sep 2026).

Where can I find MADHAV MARBLE & GRANITE (MADHAV) financials?

MADHAV MARBLE & GRANITE (MADHAV) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MADHAV balance sheet and cash flow?

Yes. The MADHAV MARBLE & GRANITE (MADHAV) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 19 October 2026 at 13:54