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Madhav Marbles and Granites Share Price

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41.650.00 (0.00%)

12:00 AM,18th Apr 2024

42.79-0.87 (-1.99%)

11:30 AM,19th Apr 2024

BSE : 515093


Sector : Others

ISIN Code : INE925C01016

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Last Updated: Apr 19 2024 | 11:30 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

09 Jan 2024

52-WK Low


52-WK Low Date

13 Mar 2024

All Time High


All Time High Date

31 Dec 2007

All Time Low


All Time Low Date

16 Mar 2009

Madhav Marbles and Granites Ltd

Madhav Marbles and Granites Ltd was originally incorporated on April 7 1989 with the name of Maadhav Granites & Realty Private Limited at Jaipur Rajasthan. The Company converted into a Public Limited Company in 1990 and the name of the Company was changed to Madhav Marbles & Granite Limited on March 13 2007. The Company is a leading processor and exporter of premium quality granite and marble. It processes marbles and granites. The products of the company are marble and granite tiles used for flooring and wall cladding in residential and commercial complexes and for interior decoration. The manufacture of granite and marble tiles comprises block cutting cross cutting grinding calibrating polishing and chamfering. Companies power generation segment owns three Wind Turbine Generators (WTGs) having capacity of 4 MW in Tamil Nadu and the electricity generated from out of these three machines is being utilized for captive consumption. Companies' financials comprises of three business segments: Granite and Stone Division Realty and Power Generation Unit.The Company is engaged in manufacturing processing and trading of granite slabs / tiles marble slabs / tiles windmill power generation and realty business. The Granite division and windmill power generation units are situated in Tamil Nadu and Marble and Realty business are carried at Udaipur. The company came out with a public issue in May '92 to set up a 100% EOU to process granite tiles with an installed capacity of 138000 sq mtr p.a. and another unit to process marble tiles with an installed capacity of 361338 sq mtr pa.The company has an agreement with Khimji Ramdas Muscat to sell its entire production of granite tiles and 35% of its production of marble tiles. The company proposes to sell the remaining in domestic markets.The company exports its products to over 20 countries including the US Germany Holland Singapore and Australia. MMGL has received Capexil award consecutively for the seven years the last being 1998-99 for highest exports of processed granite. It has been unable to make a breakthrough in the development of mines inspite of substantial investments due to huge developmental expenses infrastructure bottlenecks quality of materials and operational difficulties. During the year 1999-2000 a 100% EOU was set up for manufacturing polished granite slabs.During the year 2000-01the company had received Capexil Award for highest exports of granite tiles made during the year 1999-2000.Rose Marbles Limited(RML) has become the subsidiary of the company in 2001-02 consequent to acquisition of 52300 Equity Shares which represents 51.27%(RML). RML is in the business of processing Marble Slabs / Marble Trading.The company has acquired two wind turbine generators each of 1.25 MW during January 2005 and has started generation of power.The Company sold entire investment in the Subsidiary Company M/s Rose Marbles Limited (RML) and it ceased to be a subsidiary to the Company in 2004. The Company commenced operation of two Wind Turbine Generating units each with a capacity of 1.25 MW effective from September 30 2005 and 12th October 2005 respectively. It commissioned Marble Slab Processing Plant effective on 16.09.2005.The Company had undertaken the expansion by enhancing the capacity of its existing marble division by adding marble slab processing facility granite division by enhancing the capacity of its existing granite slab processing unit and tile processing unit and power generation by adding one additional Wind Turbine Generator in 2005.During the year 2007 the granite processing capacity was expanded by installing two gang saws and polishing line during July 2006. The Company replaced he existing tile finishing line which was 15 years old with a new finishing and resining line from Pedrini of Italy costing Rs 6.5 Crores.

Madhav Marbles and Granites Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)2.50
Latest Dividend Date 23 Sep 2022
Dividend Yield (%) -
Book Value Share (₹) [S]153.48
P/B Ratio (₹) [S]0.27
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

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Stock Strength

Today's Low/High



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All time Low/High



Share Price Returns

1 Week%-3.70%-2.75-2.87%
1 Month0.31%2.46%0.270.26%
3 Month-41.57%-40.84%0.731.16%
6 Month-19.98%-20.13%10.0211.46%
1 Year-0.83%0.36%21.2224.15%
3 Year-6.19%-5.34%50.5952.33%

Company Info

Company Information

Chairman & Independent Directo : Ravi K Krishnamurthi

Non-Exec. & Independent Dir. : Roshan Lal Nagar

Non-Exec. & Independent Dir. : Prakash Kumar Verdia

Non-Exec. & Independent Dir. : Swati Yadav

Company Sec. & Compli. Officer : Priyanka Manawat

Managing Director & CEO : Madhav Doshi

Whole-time Director : Riddhima Doshi

Registered Office: First Floor Mumal Towers, 16 Saheli Marg,Udaipur,Rajasthan-313001 Ph: 91-294-2981666 madhavnorth@