Debut Plus

₹30.08

▼ -2.62 -8.01%

As of 23 Oct 2026 · delayed

NSE Listed

Madhav Marbles and Granites Ltd. (MADHAV)

Volume: 4,598Avg Vol 1W: 3,108.4Avg Vol 1M: 3,444.852W Range:₹29₹46
Market Cap₹27 Cr
Current Price₹30.08
Previous Close₹32.7
High / Low (52w)₹46 / ₹29
Volume4,598
Avg Vol (1W)3,108.4
Avg Vol (1M)3,444.8
Stock P/E0
Book Value₹138.95
Dividend Yield—
ROE-1.3%
ROA—
Revenue (TTM)₹34 Cr
Revenue Growth—
Profit Margin—
Total Debt₹1 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹-1.66
P/B0.28
Debt / Equity0.11
50 DMA₹34.49
200 DMA₹35.9
Day change-8.01%
Price Chart
₹30.08▼ 29.60% · 1Y
₹44₹301.6L
2025-10-27
2026-10-23

20-day avg volume: 3K shares

Pros
  • Company is almost debt-free.
  • Stock trades below its book value.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹6 Cr₹7 Cr₹8 Cr₹8 Cr₹7 Cr₹7 Cr₹9 Cr₹8 Cr
EBITDA₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹3 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹-1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹34 Cr₹8 Cr₹8 Cr₹7 Cr₹7 Cr₹38 Cr₹9 Cr₹8 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹3 Cr₹0 Cr
Net Profit₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr
EPS-0.76————0.44——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹165 Cr₹168 Cr₹153 Cr₹144 Cr₹141 Cr₹142 Cr₹139 Cr₹137 Cr
Total Liabilities₹36 Cr₹38 Cr₹23 Cr₹19 Cr₹19 Cr₹23 Cr₹21 Cr₹19 Cr
Equity₹129 Cr₹131 Cr₹131 Cr₹126 Cr₹122 Cr₹120 Cr₹118 Cr₹118 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-3 Cr₹-12 Cr₹9 Cr₹22 Cr₹23 Cr₹-5 Cr₹2 Cr₹6 Cr
Investing₹2 Cr₹-3 Cr₹8 Cr₹-5 Cr₹-5 Cr₹2 Cr₹3 Cr₹1 Cr
Financing₹1 Cr₹16 Cr₹-13 Cr₹-19 Cr₹-19 Cr₹4 Cr₹-5 Cr₹-5 Cr
Free Cash Flow₹-3 Cr₹-12 Cr₹9 Cr₹22 Cr₹23 Cr₹-5 Cr₹2 Cr₹6 Cr
Shareholding
Promoter 45.78% Institutions 0.59% Public 53.63%
Efficiency & Working Capital
ROCE-0.7%
Interest Coverage-0.8
Dividend Payout—
Debtor Days170 d
Inventory Days373 d
Payable Days64 d
Cash Conversion Cycle479 d
Working Capital Days543 d
Shareholding Details

As of 2026-09-30

Promoter45.8%
FII0%
DII0.6%
Institutions0.6%
Public53.6%
Promoter Pledge0%
No. of Shareholders8,424
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters42.7%43.5%43.5%43.5%43.5%43.9%44.2%44.6%45.2%45.5%45.8%45.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0.6%0.6%0.6%0.6%
Public57.3%56.5%56.5%56.5%56.5%56.1%55.8%55.4%54.2%53.9%53.6%53.6%
Promoter Pledge0%0%0%0%0%0.1%0%0%0%0%0%0%
No. of Shareholders9,0209,1958,9469,0849,0278,9669,0068,8798,5988,6398,4918,424
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
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%1,00,233
Ravi ChawlaPublic Shareholding1.1%95,365
Khushi ParakhPublic Shareholding1.1%93,521
Riddhima DoshiShareholding of Promoter and Promoter Group1%85,431
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₹30 Cr91.7%
Realty Division₹0 Cr0%
Power Generation Unit₹3 Cr8.3%
Segments — Geography
RegionRevenueShare
Outside India₹28 Cr85.7%
Within India₹5 Cr14.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101799
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202638001343
202638001343
2026000000
Insider / Designated-Person Trades

24 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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