IPO Plus

₹35.76

▲ +2.17 +6.46%

As of 05 Aug 2026 · delayed

NSE Listed · Consumer Durables

Madhav Marbles and Granites Ltd. (MADHAV)

Volume: 5,563Avg Vol 1W: 2,710Avg Vol 1M: 5,94252W Range:₹29₹49.95
NSE BSE www.madhavmarbles.com AI Report
Key Ratios
Checked 6h ago
Market Cap₹32 Cr
Current Price₹35.76
Previous Close₹33.59
High / Low (52w)₹49.95 / ₹29
Volume5,563
Avg Vol (1W)2,710
Avg Vol (1M)5,942
Stock P/E21.41
Book Value₹138.29
Dividend Yield0%
ROE0.31%
ROA0.07%
Revenue (TTM)—
Revenue Growth-22.16%
Profit Margin1.24%
Total Debt₹1 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹1.67
P/B0.26
Debt / Equity0.06
50 DMA₹36.06
200 DMA₹38.12
Day change+6.46%
Price Chart
₹35.76▼ 17.11% · 1Y
₹48₹304.6L
2025-08-05
2026-08-05

20-day avg volume: 4K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 38% YoY.
  • Stock trades below its book value.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹11 Cr₹6 Cr₹7 Cr₹8 Cr₹8 Cr₹7 Cr₹7 Cr₹9 Cr
EBITDA₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹3 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹6 Cr₹7 Cr₹34 Cr₹8 Cr₹8 Cr₹7 Cr₹7 Cr₹9 Cr
EBITDA₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹3 Cr
Net Profit₹0 Cr₹1 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr
EPS——-0.76—————
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹165 Cr₹168 Cr₹153 Cr₹144 Cr₹141 Cr₹142 Cr₹139 Cr
Total Liabilities₹36 Cr₹38 Cr₹23 Cr₹19 Cr₹19 Cr₹23 Cr₹21 Cr
Equity₹129 Cr₹131 Cr₹131 Cr₹126 Cr₹122 Cr₹120 Cr₹118 Cr
Total Debt———————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-3 Cr₹-12 Cr₹9 Cr₹22 Cr₹23 Cr₹-5 Cr₹2 Cr
Investing₹2 Cr₹-3 Cr₹8 Cr₹-5 Cr₹-5 Cr₹2 Cr₹3 Cr
Financing₹1 Cr₹16 Cr₹-13 Cr₹-19 Cr₹-19 Cr₹4 Cr₹-5 Cr
Free Cash Flow₹-3 Cr₹-12 Cr₹9 Cr₹22 Cr₹23 Cr₹-5 Cr₹2 Cr
Shareholding
Promoter 45.77% Institutions 0.59% Public 53.65%
Efficiency & Working Capital
ROCE0.1%
Interest Coverage0.1
Dividend Payout—
Debtor Days128 d
Inventory Days309 d
Payable Days42 d
Cash Conversion Cycle395 d
Working Capital Days437 d
Shareholding Details

As of 2026-06-30

Promoter45.8%
FII0%
DII0.6%
Institutions0.6%
Public53.6%
Promoter Pledge0%
No. of Shareholders8,491
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters42.8%42.7%43.5%43.5%43.5%43.5%43.9%44.2%44.6%45.2%45.5%45.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0.6%0.6%0.6%
Public57.2%57.3%56.5%56.5%56.5%56.5%56.1%55.8%55.4%54.2%53.9%53.6%
Promoter Pledge0%0%0%0%0%0%0.1%0%0%0%0%0%
No. of Shareholders9,2929,0209,1958,9469,0849,0278,9669,0068,8798,5988,6398,491
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Madhav DoshiShareholding of Promoter and Promoter Group12.8%11,43,747
Aruna DoshiShareholding of Promoter and Promoter Group9.2%8,26,962
Mumal Marketing Private LimitedShareholding of Promoter and Promoter Group8.8%7,82,600
Sangeetha SPublic Shareholding7.9%7,09,343
Rajdarshan Industries LimitedShareholding of Promoter and Promoter Group4.7%4,23,162
IepfPublic Shareholding3.5%3,08,395
Adheeraj Trade Links Private LimitedShareholding of Promoter and Promoter Group3.2%2,84,000
Sumal Finance And Investment Private LimitedShareholding of Promoter and Promoter Group2.6%2,35,250
Akshat Investments And Consultants Private LimitedShareholding of Promoter and Promoter Group2%1,76,060
Sanjay Ramanlal MunotPublic Shareholding1.4%1,22,287
Veena ParakhPublic Shareholding1.1%1,01,555
Khushi ParakhPublic Shareholding1.1%93,521
Ravi ChawlaPublic Shareholding1%92,165
Riddhima DoshiShareholding of Promoter and Promoter Group0.9%83,663
Prema DoshiShareholding of Promoter and Promoter Group0.7%59,300
Raj Kumar BapnaShareholding of Promoter and Promoter Group0.2%20,400
Raj Kumar Bapna HufShareholding of Promoter and Promoter Group0.2%18,759
Sudhir Tej Singh DoshiShareholding of Promoter and Promoter Group0.1%11,501
Ankita BapnaShareholding of Promoter and Promoter Group0.1%8,154
Rekha BapnaShareholding of Promoter and Promoter Group0.1%5,400
Mumal KanthedShareholding of Promoter and Promoter Group0.1%4,300
Rajesh KhamesraShareholding of Promoter and Promoter Group0.1%4,100
Sumal DoshiShareholding of Promoter and Promoter Group0%3,750
Divya DoshiShareholding of Promoter and Promoter Group0%3,000
Jagdish DashoraShareholding of Promoter and Promoter Group0%500
Board of Directors
NameDesignationYear
Devendra ManchandaChairman & Independent Directo2025
Surabhi YadavIndependent Non Exe. Director2025
Pachampet Yegnaswamy VenkataramanIndependent Non Exe. Director2025
Arumugam SivadasanIndependent Non Exe. Director2025
Madhav DoshiED / MD / CEO / Promoter2025
Riddhima DoshiWTD & Executive Director2025
Priyanka ManawatCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Granite & Stone Division₹31 Cr95.8%
Realty Division₹0 Cr0%
Power Generation Unit₹1 Cr4.2%
Segments — Geography
RegionRevenueShare
Revenue from customers Outside Indi₹30 Cr92.7%
Revenue from customers within India₹2 Cr7.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101799
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025300003
2025300003
2025000000
Insider / Designated-Person Trades

26 recent disclosure(s)

MADHAV DOSHIAcquisition · 20,300
MADHAV DOSHIAcquisition · 6,057
MADHAV DOSHIAcquisition · 5,468
MADHAV DOSHIAcquisition · 4,008
MADHAV DOSHIAcquisition · 4,150
RIDDHIMA DOSHIAcquisition · 895
Company Information
Incorporated1989
ChairmanDevendra Manchanda
AuditorNyati & Associates
Investor Email[email protected], madhavnorth@
🌐 www.madhavmarbles.com ↗

📍 Third Floor Mumal Towers, 16 Saheli Marg, Udaipur, Rajasthan, 313001

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