BSE:515093

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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 Analysis

Mediocre balance sheet unattractive dividend payer.

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

Stable Share Price: 515093's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.1%

515093

0.8%

IN Building

1.8%

IN Market


1 Year Return

-52.6%

515093

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 515093 underperformed the Indian Building industry which returned -38.1% over the past year.

Return vs Market: 515093 underperformed the Indian Market which returned -23.2% over the past year.


Shareholder returns

515093IndustryMarket
7 Day-1.1%0.8%1.8%
30 Day-12.1%-8.6%-0.5%
90 Day-41.8%-35.8%-22.2%
1 Year-52.2%-52.6%-37.1%-39.6%-22.2%-23.7%
3 Year-70.1%-70.9%-28.1%-32.5%-12.1%-16.8%
5 Year-52.6%-55.8%25.1%12.4%4.5%-5.7%

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 compared to its fair value and its price relative to the market?

11.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 515093 (₹19.55) is trading above our estimate of fair value (₹1.4)

Significantly Below Fair Value: 515093 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 515093 is poor value based on its PE Ratio (11.8x) compared to the Building industry average (8.1x).

PE vs Market: 515093 is poor value based on its PE Ratio (11.8x) compared to the Indian market (9.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 515093's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 515093 is good value based on its PB Ratio (0.1x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

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

13.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Madhav Marbles and Granites has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 515093 has a large one-off gain of ₹12.5M impacting its December 31 2019 financial results.

Growing Profit Margin: 515093's current net profit margins (2.4%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: 515093's earnings have declined by -22.7% per year over the past 5 years.

Accelerating Growth: 515093's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 515093 had negative earnings growth (-71.6%) over the past year, making it difficult to compare to the Building industry average (1.2%).


Return on Equity

High ROE: 515093's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Madhav Marbles and Granites's financial position?


Financial Position Analysis

Short Term Liabilities: 515093's short term assets (₹837.7M) exceed its short term liabilities (₹237.6M).

Long Term Liabilities: 515093's short term assets (₹837.7M) exceed its long term liabilities (₹217.1M).


Debt to Equity History and Analysis

Debt Level: 515093's debt to equity ratio (24.7%) is considered satisfactory.

Reducing Debt: 515093's debt to equity ratio has increased from 0.1% to 24.7% over the past 5 years.

Debt Coverage: 515093's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 515093's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 515093's dividend (1.28%) is higher than the bottom 25% of dividend payers in the Indian market (0.86%).

High Dividend: 515093's dividend (1.28%) is low compared to the top 25% of dividend payers in the Indian market (3.7%).


Stability and Growth of Payments

Stable Dividend: 515093's dividend payments have been volatile in the past 10 years.

Growing Dividend: 515093's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.1%), 515093's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average board tenure


CEO

Madhav Doshi (33yo)

2yrs

Tenure

₹5,237,000

Compensation

Mr. Madhav Doshi has been an Additional & Non-Executive Director of Rajdarshan Industries Ltd since April 1, 2018. Mr. Doshi serves as Chief Executive Officer and Managing Director of Madhav Marbles and Gr ...


CEO Compensation Analysis

Compensation vs Market: Madhav's total compensation ($USD68.91K) is above average for companies of similar size in the Indian market ($USD50.03K).

Compensation vs Earnings: Madhav's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Madhav Doshi
CEO, MD & Director2yrs₹5.24m8.62% 15.1m
Sudhir Doshi
Whole-Time Director12.67yrs₹3.55m0.36% 625.6k
Ravi Krishnamurthi
Independent Chairman6.83yrs₹120.00kno data
Roshan Nagar
Non-Executive Independent Director11.58yrs₹75.00kno data
Prakash Verdia
Non-Executive Independent Director11.58yrs₹75.00k0.0056% 9.8k
Swati Yadav
Non-Executive Independent Director5.17yrs₹75.00kno data

9.2yrs

Average Tenure

70yo

Average Age

Experienced Board: 515093's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 515093 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹174.914m
  • Shares outstanding: 8.95m
  • Website: https://www.madhavmarbles.com

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 provides sandstone, quartz, and tile products. The company exports its products to North America, South America, Canada, Europe, Australia, South Africa, Russia, and the Far East. It is also involved in the windmill power generation and real estate businesses. The company was founded in 1989 and is based in Udaipur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 12:35
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
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.