IP
IndiaPulse

MADHAV

Small Cap

Madhav Marbles and Granites Limited

Industrials

Madhav Marbles and Granites Limited operates in Marbles, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹37.05
+0.50 · +1.37%
Quote09 Jun, 12:00 am
Fundamentals09 Jun 2026 · screener
Score08 Jun, 11:00 pm · v4.2-nightly
Tags02 May 2026
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
OVERVALUED
27

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Mixed Trust
64

low confidence · 0/0 claims checked

Technical
Neutral
46

Timing lens: price trend and sector relative strength.

Result consistency
weak
19

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 31 Mar 2026

Excellent · 77/100

Rev +20% YoY · PAT +7350% YoY · +40% QoQ · operating leverage · margin compression

Filed 31 Mar 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹9.2 Cr+20.5%+40.0%
EBITDA₹-1.2 Cr-39.5%-566.7%
Operating margin-13.0%-178 bps-1026 bps
PAT₹1.5 Cr+7350.0%NDF
PAT margin16.1%+1587 bps+2355 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business and thesis

Issuer presentation review pending

Madhav Marbles and Granites Limited operates in Marbles, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Technical timing lens

Trend score and candlestick chart

46Neutral

SMA20 -3.3% / mo

Stock trend: 43
Sector RS: 51
Sector 3M: +0.4% vs Nifty +0.1%

Technical chart

MADHAVweekly · 6M-10.2%
Latest close ₹37.05 on 2026-06-09
Bar
-0.7%
RSI
48
MACD hist
0.20
52W pos
52%
Hover for OHLC, volume, and indicators. Use range buttons above the chart to zoom.
₹28₹32₹37₹41₹4552H52L2025-122026-03Vol2025-122026-022026-042026-052026-06
Up bar
Down bar
Volume
Result date
SMA 50
RSI(14)

Technical trend read

Neutral

Trend is undirectional — long-term trend unclear. RSI 48.

  • RSI(14) at 48 — rising, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 17% off 52W high · 28% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Deep research

Valuation, score drivers, trust methodology, financials, and peers

Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.

27U-SCORE
OVERVALUED

Fundamental score breakdown

OVERVALUED
Valuation3/30
Growth9/25
Quality0/20
Balance Sheet10/15
Cash Flow10/10
Piotroski
5/9 (+3)
Penalties
-8
Raw sum
27

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

27/100 · OVERVALUED

Positive drivers

  • FCF yield is supportive at 19.1%.
  • Cash flow contributes 10/10 to the score.
  • Balance sheet contributes 10/15 to the score.

Main drags

  • Penalty bucket subtracts 8 points.
  • Fair-value margin of safety is negative at -87.1%.
  • Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
84.0
PB
0.3
EV/EBITDA
56.6
ROE
0.3%
ROCE
1.7%
FCF Yield
19.1%
Debt/Equity
0.1
MoS
-87.1%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 08 Jun 2026
v4.2-nightly
Final score
27
Previous: 28 (-1)
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
-87.1%
Previous: -84.6%

Score history

12 stored score snapshots. Latest stored move: +1 points.

08 Jun 2026
v4.2-nightly
16
16
26
26
26
25
25
27
27
27
27
28

Factor attribution

Valuation
3-1
was 4
Trust Score
64Mixed Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Mixed Trust: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 38th percentile within Industrials. Main check: results consistency is weak at 19/100.

Healthy Trust Lite: Promoter pledge is zero. Key concern: 2 recent quarters had PAT decline worse than 25% YoY.

Computed 22 May 2026
trust-lite-v1
0 docs indexed · 0 concall links
Score band
Mixed Trust

Usable, but needs evidence. Treat guidance with a margin of safety.

Relative rank
42nd percentile

overall median 67 · Industrials: 38th pctile, median 68 · Small: 47th pctile, median 65

Evidence depth
Financial-only

0 documents indexed, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Mixed Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
82
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
80
strong · leverage and solvency
Discipline
32
weak · capital discipline
Results
19
weak · quarterly consistency

Trust positives

  • Promoter pledge is zero.
  • Promoter holding increased 1.4%.
  • FCF yield is 15.6%.
  • 4 years of positive FCF.

Trust risks

  • 2 recent quarters had PAT decline worse than 25% YoY.
  • ROCE is low at 0.1%.
  • ROE is low at -0.6%.
  • 2/8 recent quarters had positive YoY revenue growth.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Intrinsic value

Graham Number
₹36.96
-0.2% MoS
DCF Fair PE
45.0
DCF Fair Value
₹19.8
-87.1% MoS
PEG
3.28

Fundamentals

Valuation

P/E
84.00
P/B
0.27
EV/EBITDA
56.60
Market Cap
32.80Cr

Profitability

ROE
0.31%
ROCE
1.71%
ROA
0.28%
Dividend Y

Growth (CAGR)

Revenue 5Y
-13.00%
EPS 5Y
24.00%
Revenue 3Y
-13.00%
EPS 3Y
28.00%

Balance Sheet

Debt/Equity
0.06
Interest Coverage
-1.49×
Altman Z
3.14
Book Value
138.00

Cash Flow

FCF Yield
19.09%
FCF Positive Y
5/5
OCF
5.19 Cr
EPS TTM
0.44

Shareholding

Promoter Hold
45.54%
Promoter Pledge
0.00%
Momentum 52W
33%

Financial History

Updated 9/6/2026

Revenue

₹ Cr
Latest: 30.7-1.1% vs prev
077.0Mar 2019: 77.0Mar 2020: 60.3Mar 2021: 62.0Mar 2022: 53.4Mar 2023: 47.2Mar 2024: 39.9Mar 2025: 31.1Mar 2026: 30.7FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 0.4+126.4% vs prev
-5.104.6Mar 2019: 4.6Mar 2020: 2.0Mar 2021: -0.4Mar 2022: -5.1Mar 2023: -3.8Mar 2024: -2.3Mar 2025: -1.5Mar 2026: 0.4FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 0.3+126.9% vs prev
-4.003.6Mar 2019: 3.6%Mar 2020: 1.5%Mar 2021: -0.3%Mar 2022: -4.0%Mar 2023: -3.0%Mar 2024: -1.9%Mar 2025: -1.2%Mar 2026: 0.3%FY19FY20FY21FY22FY23FY24FY25FY26
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.