Elegant Marbles and Grani Industries Ltd

₹ 245 -1.70%

11 Jun 1:44 p.m.

About

Incorporated in 1984, Elegant Marble and Grani Industries is engaged in manufacturing & trading of marble, granites & other stones tiles & slabs.

Key Points

Product Profile:
A) Stones:^[1]
Company has an online collection of 800+ natural stone materials viz.,
Artico, Confusion Dark, Galactico Onyx, Breccia Oniciata, Lilac Super Extra, Scabas, Van Gogh, Armani, etc. classified as:
a) Italian & Exotic Marble^[2]
b) Precious Gemstones^[3]
c) Onyx and Crystal Onyx^[4]
d) Travertine^[5]
e) Granite^[6]

B) Surfaces:^[7]
Company has a selection of designer tiles and engineered surfaces for decorative interiors and exterior applications viz.,
a) Designer Tiles^[8]
b) Glass 2^[9]
c) Natural Stone Mosaic^[10]
d) Terrazzo Engineered Marble^[11]
e) Quartz Surfaces^[12]

Website BSE

Market Cap ₹ 89.7 Cr.
Current Price ₹ 245
High / Low ₹ 299 / 205
Stock P/E 19.1
Book Value ₹ 397
Dividend Yield 0.40 %
ROCE 4.23 %
ROE 3.42 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.63 times its book value

Cons

Company has a low return on equity of 3.80% over last 3 years.
Earnings include an other income of Rs.2.54 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Granites & Marbles

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	7.87	7.90	8.22	8.93	10.60	7.76	8.59	9.71	8.17	6.64	10.38	5.08	6.44
	7.30	7.67	7.49	7.88	8.78	6.20	6.82	8.56	8.36	5.40	7.44	4.78	6.61
Operating Profit	0.57	0.23	0.73	1.05	1.82	1.56	1.77	1.15	-0.19	1.24	2.94	0.30	-0.17
OPM %	7.24%	2.91%	8.88%	11.76%	17.17%	20.10%	20.61%	11.84%	-2.33%	18.67%	28.32%	5.91%	-2.64%
	0.21	0.21	0.70	-0.12	-0.10	-0.29	0.72	0.63	0.60	0.49	0.55	0.67	0.83
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.07	0.07	0.08	0.07	0.08	0.11	0.09	0.14	0.17	0.15	0.23	0.32	0.32
Profit before tax	0.71	0.37	1.35	0.86	1.64	1.16	2.40	1.64	0.24	1.58	3.26	0.65	0.34
Tax %	-7.04%	18.92%	17.78%	39.53%	32.32%	39.66%	21.25%	25.00%	12.50%	24.68%	21.47%	10.77%	-20.59%
	0.76	0.29	1.12	0.52	1.11	0.70	1.90	1.24	0.21	1.18	2.55	0.57	0.40
EPS in Rs	2.08	0.79	3.06	1.42	3.03	1.91	5.19	3.39	0.57	3.22	6.97	1.56	1.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	25.30	26.60	30.26	28.47	24.04	19.66	10.28	9.26	27.82	35.65	33.99	28.53
	23.94	25.77	29.13	26.95	23.11	18.53	11.58	12.60	26.33	31.67	29.48	24.23
Operating Profit	1.36	0.83	1.13	1.52	0.93	1.13	-1.30	-3.34	1.49	3.98	4.51	4.30
OPM %	5.38%	3.12%	3.73%	5.34%	3.87%	5.75%	-12.65%	-36.07%	5.36%	11.16%	13.27%	15.07%
	4.18	5.56	7.02	6.36	4.48	3.05	2.93	2.69	1.84	0.54	1.45	2.54
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.14	0.21	0.20	0.19	0.17	0.28	0.13	0.13	0.20	0.30	0.50	1.03
Profit before tax	5.40	6.18	7.95	7.69	5.24	3.90	1.50	-0.78	3.13	4.22	5.46	5.81
Tax %	9.26%	13.75%	18.24%	22.63%	16.60%	16.15%	1.33%	0.00%	14.06%	27.96%	25.64%	19.10%
	4.91	5.32	6.49	5.95	4.37	3.27	1.47	-0.79	2.69	3.04	4.05	4.70
EPS in Rs	10.91	11.82	14.42	13.22	11.94	8.93	4.02	-2.16	7.35	8.31	11.07	12.84
Dividend Payout %	18.33%	16.92%	13.87%	0.00%	0.00%	0.00%	0.00%	0.00%	37.42%	39.73%	20.10%	0.00%

Compounded Sales Growth
10 Years:	1%
5 Years:	23%
3 Years:	1%
TTM:	-16%

Compounded Profit Growth
10 Years:	2%
5 Years:	37%
3 Years:	20%
TTM:	-3%

Stock Price CAGR
10 Years:	15%
5 Years:	33%
3 Years:	23%
1 Year:	-10%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	4%
Last Year:	3%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.50	4.50	4.50	4.50	3.66	3.66	3.66	3.66	3.66	3.66	2.96	2.96
Reserves	49.24	53.37	58.77	85.44	83.69	86.98	66.05	87.76	101.84	102.30	126.47	142.28
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	7.93	11.33	11.14	12.00	11.79	3.72	2.11	2.66	3.16	7.40	5.27	5.80
Total Liabilities	61.67	69.20	74.41	101.94	99.14	94.36	71.82	94.08	108.66	113.36	134.70	151.04
	1.10	0.74	1.08	0.96	0.84	1.03	0.92	0.85	2.14	1.95	4.84	9.20
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	44.02	50.05	58.86	84.55	78.18	72.42	50.26	68.09	76.90	83.99	98.49	101.62
	16.55	18.41	14.47	16.43	20.12	20.91	20.64	25.14	29.62	27.42	31.37	40.22
Total Assets	61.67	69.20	74.41	101.94	99.14	94.36	71.82	94.08	108.66	113.36	134.70	151.04

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-3.17	2.46	4.08	-1.63	-4.51	-8.84	-1.74	-7.09	-2.75	4.99	-6.05	-4.58
	0.96	-1.42	-2.75	1.36	22.04	8.27	2.55	7.85	4.35	-5.93	41.80	8.87
	-1.05	-1.05	-1.08	0.00	-17.22	0.00	0.00	0.00	0.00	-1.01	-34.14	-0.81
Net Cash Flow	-3.26	-0.01	0.25	-0.27	0.31	-0.56	0.81	0.76	1.60	-1.94	1.60	3.48

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	22.36	24.01	16.04	16.28	19.13	25.81	24.14	50.06	45.92	41.06	14.82	20.47
Inventory Days	225.53	209.56	148.75	177.74	307.36	493.80	865.21	881.38	303.20	289.00	467.90	903.59
Days Payable	94.22	137.40	133.19	167.73	172.49	29.72	9.70	1.05	2.79	2.58	14.51	38.34
Cash Conversion Cycle	153.67	96.18	31.61	26.29	153.99	489.89	879.65	930.38	346.33	327.47	468.22	885.72
Working Capital Days	98.54	70.94	8.44	25.64	84.27	283.13	545.37	748.92	274.73	186.85	245.59	357.32
ROCE %	8.38%	7.76%	8.22%	10.04%	5.91%	3.54%	1.22%	-1.85%	3.20%	5.50%	5.53%	4.23%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	71.71%	71.71%	71.71%	71.71%	71.71%	71.71%	71.71%	71.36%	71.36%	71.36%	71.36%	71.36%
	0.02%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	28.28%	28.28%	28.28%	28.28%	28.30%	28.30%	28.29%	28.63%	28.63%	28.63%	28.64%	28.63%
No. of Shareholders	1,173	1,133	1,126	1,135	1,185	1,193	3,407	2,514	2,439	2,392	2,371	2,354

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	72.28%	70.91%	70.91%	70.91%	70.91%	71.71%	71.71%	71.36%	71.36%
	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.00%	0.00%
	27.71%	29.08%	29.08%	29.08%	29.08%	28.28%	28.28%	28.63%	28.63%
No. of Shareholders	1,863	1,406	1,215	1,150	1,064	1,108	1,135	2,514	2,354

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Elegant Marbles and Grani Industries Ltd

Elegant Marbles and Grani Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports