Marble City India Ltd
Incorporated in 1993, Marble City India Ltd is in the business of cutting, finishing, and trading of Imported Marble[1]
- Market Cap ₹ 261 Cr.
- Current Price ₹ 105
- High / Low ₹ 201 / 102
- Stock P/E 30.9
- Book Value ₹ 27.6
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 5.54 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.1% CAGR over last 5 years
Cons
- Stock is trading at 3.92 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.38%
- The company has delivered a poor sales growth of -2.95% over past five years.
- Promoter holding is low: 35.4%
- Company has a low return on equity of 1.38% over last 3 years.
- Debtor days have increased from 88.8 to 125 days.
- Working capital days have increased from 406 days to 595 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34.21 | 54.63 | 63.67 | 47.06 | 56.00 | 74.12 | 68.53 | 45.14 | 74.96 | 113.83 | 45.88 | 59.00 | 79.85 | |
| 30.78 | 50.91 | 59.57 | 43.53 | 51.10 | 67.29 | 62.52 | 40.32 | 69.13 | 106.27 | 40.11 | 45.71 | 52.97 | |
| Operating Profit | 3.43 | 3.72 | 4.10 | 3.53 | 4.90 | 6.83 | 6.01 | 4.82 | 5.83 | 7.56 | 5.77 | 13.29 | 26.88 |
| OPM % | 10.03% | 6.81% | 6.44% | 7.50% | 8.75% | 9.21% | 8.77% | 10.68% | 7.78% | 6.64% | 12.58% | 22.53% | 33.66% |
| 0.01 | 0.04 | 0.06 | 0.10 | 0.03 | 0.13 | 0.29 | 0.21 | 0.19 | 0.21 | 5.06 | 5.88 | 3.49 | |
| Interest | 2.39 | 2.24 | 2.54 | 2.38 | 3.30 | 4.73 | 4.48 | 4.10 | 4.45 | 5.76 | 10.78 | 12.76 | 15.09 |
| Depreciation | 0.45 | 0.60 | 0.57 | 0.48 | 0.50 | 0.92 | 0.91 | 0.90 | 0.76 | 0.84 | 3.00 | 3.25 | 4.74 |
| Profit before tax | 0.60 | 0.92 | 1.05 | 0.77 | 1.13 | 1.31 | 0.91 | 0.03 | 0.81 | 1.17 | -2.95 | 3.16 | 10.54 |
| Tax % | 36.67% | 33.70% | 38.10% | 40.26% | 89.38% | 45.04% | 36.26% | 233.33% | 32.10% | 34.19% | -39.66% | 24.37% | |
| 0.38 | 0.61 | 0.64 | 0.46 | 0.12 | 0.72 | 0.57 | -0.04 | 0.56 | 0.77 | -1.78 | 2.38 | 8.45 | |
| EPS in Rs | 0.41 | 0.66 | 0.70 | 0.50 | 0.13 | 0.78 | 0.62 | -0.03 | 0.47 | 0.64 | -1.49 | 1.02 | 3.61 |
| Dividend Payout % | 0.00% | 37.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -3% |
| 3 Years: | -8% |
| TTM: | 97% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 33% |
| 3 Years: | 61% |
| TTM: | 335% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 77% |
| 3 Years: | 103% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.62 | 4.62 | 4.62 | 4.62 | 4.62 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 11.67 | 11.79 |
| Reserves | 5.64 | 5.97 | 6.90 | 7.36 | 7.48 | 21.72 | 22.29 | 22.25 | 22.81 | 23.58 | 19.69 | 48.64 | 53.23 |
| 24.53 | 25.25 | 29.62 | 30.96 | 34.63 | 41.36 | 41.94 | 47.04 | 53.08 | 63.97 | 105.48 | 103.93 | 107.70 | |
| 4.35 | 8.23 | 9.35 | 7.27 | 10.59 | 14.90 | 19.74 | 21.08 | 21.17 | 17.73 | 8.12 | 10.69 | 16.14 | |
| Total Liabilities | 39.14 | 44.07 | 50.49 | 50.21 | 57.32 | 83.95 | 89.94 | 96.34 | 103.03 | 111.25 | 139.26 | 174.93 | 188.86 |
| 9.32 | 8.86 | 8.43 | 8.28 | 8.83 | 11.18 | 10.35 | 9.72 | 9.28 | 13.30 | 25.83 | 22.68 | 20.74 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | 0.02 | 1.22 | 2.98 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 | 0.00 | 9.50 |
| 29.81 | 35.20 | 42.05 | 41.92 | 48.46 | 72.75 | 79.57 | 85.40 | 90.77 | 97.95 | 112.78 | 152.25 | 158.62 | |
| Total Assets | 39.14 | 44.07 | 50.49 | 50.21 | 57.32 | 83.95 | 89.94 | 96.34 | 103.03 | 111.25 | 139.26 | 174.93 | 188.86 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.38 | 1.39 | -1.21 | 2.03 | -0.86 | 7.69 | 0.81 | 2.98 | 0.32 | -3.16 | -11.13 | -21.74 | |
| -0.76 | -0.11 | -0.09 | -0.23 | -1.04 | -0.02 | 0.02 | -1.39 | -1.94 | -1.70 | -3.20 | 1.58 | |
| 0.33 | -1.21 | 2.20 | -0.71 | 0.61 | -6.94 | -1.56 | -0.50 | 2.70 | 5.03 | 16.30 | 18.56 | |
| Net Cash Flow | -0.05 | 0.06 | 0.90 | 1.09 | -1.29 | 0.73 | -0.73 | 1.09 | 1.08 | 0.17 | 1.97 | -1.60 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 84.39 | 72.02 | 66.33 | 73.29 | 66.81 | 59.64 | 82.98 | 182.99 | 96.22 | 47.20 | 93.80 | 125.46 |
| Inventory Days | 269.24 | 167.07 | 175.64 | 241.27 | 273.99 | 334.01 | 373.12 | 551.38 | 350.11 | 252.12 | 808.39 | 842.74 |
| Days Payable | 24.97 | 42.26 | 35.57 | 33.57 | 61.08 | 53.24 | 81.77 | 174.79 | 85.24 | 47.25 | 39.03 | 47.53 |
| Cash Conversion Cycle | 328.66 | 196.83 | 206.40 | 281.00 | 279.72 | 340.40 | 374.33 | 559.58 | 361.09 | 252.08 | 863.16 | 920.67 |
| Working Capital Days | 116.94 | 78.10 | 74.87 | 114.01 | 136.29 | 165.66 | 181.99 | 289.48 | 196.86 | 163.76 | 459.19 | 594.70 |
| ROCE % | 8.97% | 8.95% | 9.33% | 7.49% | 9.97% | 10.43% | 7.74% | 5.68% | 6.71% | 7.93% | 6.97% | 10.78% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Garbled, unreadable announcement; insufficient details to assess impact.
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Board Meeting Outcome for Outcome Of Board Meeting
14 Feb - Board approved standalone and consolidated unaudited results for quarter ended Dec 31, 2025; limited review on Feb 14, 2026.
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Board Meeting Outcome for Board Meeting Outcome Held Today I.E 10Th February,2026.
10 Feb - Converted 470,587 warrants into 470,587 equity shares at Rs17 each; Rs59,99,985 received; paid-up capital now Rs12,43,50,035.
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Board Meeting Intimation for Marble City India Limited To Be Held On 14Th February, 2026
7 Feb - Board meeting on 14 Feb 2026 to approve unaudited Q3 results for quarter ended 31 Dec 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E 30Th January,2026
30 Jan - On Jan 30, 2026 converted 7,84,312 warrants into equity; Rs.99,99,978 received; issue price Rs.17.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
Company is an importer cum processor of marbles from quarries across the world. It cuts, resizes, and polishes raw marble blocks for customers in the commercial
and residential real estate space.