BSE:515093

Stock Analysis Report

Madhav Marbles and Granites

Executive Summary

Madhav Marbles and Granites Limited manufactures, processes, and trades in granite and marble slabs and tiles in India.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Madhav Marbles and Granites has significant price volatility in the past 3 months.
  • Madhav Marbles and Granites is not covered by any analysts.

Share Price & News

How has Madhav Marbles and Granites's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-10.2%

BSE:515093

-1.3%

IN Building

-0.7%

IN Market


1 Year Return

-51.9%

BSE:515093

-12.8%

IN Building

-12.1%

IN Market

515093 underperformed the Building industry which returned -13% over the past year.

515093 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

515093IndustryMarket
7 Day-10.2%-1.3%-0.7%
30 Day-23.3%-8.3%-4.6%
90 Day-35.1%-10.8%-4.3%
1 Year-51.9%-51.9%-12.3%-12.8%-10.3%-12.1%
3 Year-47.0%-48.0%16.3%14.2%18.9%12.8%
5 Year-21.9%-26.6%84.7%78.5%37.6%24.7%

Price Volatility Vs. Market

How volatile is Madhav Marbles and Granites's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Madhav Marbles and Granites undervalued based on future cash flows and its price relative to the stock market?

5.76x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Madhav Marbles and Granites's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Madhav Marbles and Granites's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Madhav Marbles and Granites is good value based on earnings compared to the IN Building industry average.

Madhav Marbles and Granites is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Madhav Marbles and Granites, we can't assess if its growth is good value.


Price Based on Value of Assets

Madhav Marbles and Granites is good value based on assets compared to the IN Building industry average.


Next Steps

Future Growth

How is Madhav Marbles and Granites expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Madhav Marbles and Granites is high growth as no revenue estimate data is available.

Madhav Marbles and Granites's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Madhav Marbles and Granites's revenue growth to the India market average as no estimate data is available.

Madhav Marbles and Granites's earnings growth is expected to exceed the India market average.

Madhav Marbles and Granites's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Madhav Marbles and Granites will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Madhav Marbles and Granites performed over the past 5 years?

-16.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Madhav Marbles and Granites's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Madhav Marbles and Granites's 1-year earnings growth exceeds its 5-year average (75.1% vs -16.8%)

Madhav Marbles and Granites's earnings growth has exceeded the IN Building industry average in the past year (75.1% vs 0.9%).


Return on Equity

Madhav Marbles and Granites has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Madhav Marbles and Granites used its assets less efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Madhav Marbles and Granites's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Madhav Marbles and Granites's financial position?


Financial Position Analysis

Madhav Marbles and Granites is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Madhav Marbles and Granites's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Madhav Marbles and Granites's level of debt (14.8%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Madhav Marbles and Granites's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.9x debt.


Next Steps

Dividend

What is Madhav Marbles and Granites's current dividend yield, its reliability and sustainability?

1.00%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Madhav Marbles and Granites before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Madhav Marbles and Granites's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Madhav Marbles and Granites's dividend is below the markets top 25% of dividend payers in India (2.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (17.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Madhav Marbles and Granites's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Madhav Doshi (33yo)

1.3yrs

Tenure

₹4,289,692

Compensation

Mr. Madhav Doshi has been an Additional & Non-Executive Director of Rajdarshan Industries Ltd since April 1, 2018. Mr. Doshi has been the President of Madhav Marbles and Granites Ltd. since February 10, 20 ...


CEO Compensation Analysis

Madhav's remuneration is lower than average for companies of similar size in India.

Madhav's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

The average tenure for the Madhav Marbles and Granites management team is less than 2 years, this suggests a new team.


Board Age and Tenure

8.5yrs

Average Tenure

70yo

Average Age

The tenure for the Madhav Marbles and Granites board of directors is about average.


Insider Trading

More shares have been bought than sold by Madhav Marbles and Granites individual insiders in the past 3 months.


Recent Insider Transactions

Buy₹612,25416 Aug 19
Madhav Doshi
EntityIndividual
Role
President
Member of the Board of Directors
Shares23,901
Max Price₹25.70
Buy₹58,76730 Jun 19
Ashok Doshi
EntityIndividual
Shares1,677
Max Price₹35.05
Buy₹35,08727 Jun 19
Ashok Doshi
EntityIndividual
Shares1,000
Max Price₹35.09
Buy₹39,09212 Jun 19
Ashok Doshi
EntityIndividual
Shares1,000
Max Price₹39.09
Buy₹743,19111 Jun 19
Madhav Doshi
EntityIndividual
Role
President
Member of the Board of Directors
Shares19,020
Max Price₹39.09
Buy₹119,95508 Jun 19
Ashok Doshi
EntityIndividual
Shares3,174
Max Price₹38.19
Buy₹597,43923 Apr 19
Ashok Doshi
EntityIndividual
Shares14,297
Max Price₹45.61
Buy₹90,10019 Mar 19
Ashok Doshi
EntityIndividual
Shares2,000
Max Price₹45.05
Buy₹87,85414 Mar 19
Ashok Doshi
EntityIndividual
Shares1,917
Max Price₹45.83
Buy₹124,92904 Mar 19
Ashok Doshi
EntityIndividual
Shares2,906
Max Price₹42.99
Buy₹250,95128 Feb 19
Ashok Doshi
EntityIndividual
Shares6,051
Max Price₹41.47
Buy₹92,17030 Jan 19
Ashok Doshi
EntityIndividual
Shares2,171
Max Price₹43.00
Buy₹226,32423 Jan 19
Ashok Doshi
EntityIndividual
Shares5,185
Max Price₹43.65
Buy₹94,87519 Jan 19
Ashok Doshi
EntityIndividual
Shares2,151
Max Price₹44.11
Buy₹107,44712 Jan 19
Ashok Doshi
EntityIndividual
Shares2,425
Max Price₹44.85
Buy₹235,36108 Dec 18
Ashok Doshi
EntityIndividual
Shares5,447
Max Price₹43.44
Buy₹218,25016 Nov 18
Riddhima Doshi
EntityIndividual
Role
Deputy Manager of Finance - Granite Division
Shares5,000
Max Price₹43.65
Buy₹198,91824 Oct 18
Riddhima Doshi
EntityIndividual
Role
Deputy Manager of Finance - Granite Division
Shares4,626
Max Price₹43.00

Ownership Breakdown


Management Team

  • Sudhir Doshi (67yo)

    Whole-Time Director

    • Compensation: 3.53m
  • Priyanka Manawat

    Compliance Officer & Company Secretary

    • Compensation: 738.09k
  • Riddhima Doshi

    Deputy Manager of Finance - Granite Division

    • Tenure: 8.9yrs
    • Compensation: 2.23m
  • Madhav Doshi (33yo)

    President

    • Tenure: 1.3yrs
    • Compensation: 4.29m
  • S. Panneerselvam

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: 1.47m

Board Members

  • Sudhir Doshi (67yo)

    Whole-Time Director

    • Tenure: 12.1yrs
    • Compensation: 3.53m
  • Ravi Krishnamurthi (73yo)

    Chairman

    • Tenure: 6.1yrs
    • Compensation: 120.00k
  • Roshan Nagar (79yo)

    Non-Executive Independent Director

    • Tenure: 10.8yrs
    • Compensation: 60.00k
  • Prakash Verdia (74yo)

    Non-Executive Independent Director

    • Tenure: 10.8yrs
    • Compensation: 60.00k
  • Madhav Doshi (33yo)

    President

    • Tenure: 1.3yrs
    • Compensation: 4.29m
  • Swati Yadav (37yo)

    Non-Executive Independent Director

    • Tenure: 4.4yrs
    • Compensation: 60.00k

Company Information

Madhav Marbles and Granites Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Madhav Marbles and Granites Limited
  • Ticker: 515093
  • Exchange: BSE
  • Founded: 1989
  • Industry: building products
  • Sector: capital goods
  • Market Cap: ₹223.675m
  • Shares outstanding: 8.95m
  • Website: Click here

Location

  • Madhav Marbles and Granites Limited
  • Mumal Towers
  • First Floor
  • Udaipur
  • Rajasthan
  • 313001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
515093BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
MADHAVNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

Madhav Marbles and Granites Limited manufactures, processes, and trades in granite and marble slabs and tiles in India. It also offers sandstone and quartzite products. The company exports its products to  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:35
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.