Marvel Decor Ltd
Incorporated in 1996, Marvel Decor Ltd is in the business of manufacturing and supplying window covering fashion
blinds and components.[1]
- Market Cap ₹ 110 Cr.
- Current Price ₹ 62.0
- High / Low ₹ 105 / 43.0
- Stock P/E 61.1
- Book Value ₹ 33.7
- Dividend Yield 0.00 %
- ROCE 4.97 %
- ROE 3.04 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.3% over past five years.
- Company has a low return on equity of 2.51% over last 3 years.
- Earnings include an other income of Rs.3.52 Cr.
- Company has high debtors of 173 days.
- Promoter holding has decreased over last 3 years: -5.50%
* 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 Furniture, Home Furnishing
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21.52 | 28.31 | 29.59 | 31.52 | 33.62 | 28.65 | 21.19 | 25.94 | 27.58 | 28.79 | 32.61 | 36.22 | |
| 17.49 | 25.36 | 26.29 | 23.50 | 26.69 | 23.97 | 18.36 | 23.24 | 25.84 | 25.25 | 29.52 | 34.24 | |
| Operating Profit | 4.03 | 2.95 | 3.30 | 8.02 | 6.93 | 4.68 | 2.83 | 2.70 | 1.74 | 3.54 | 3.09 | 1.98 |
| OPM % | 18.73% | 10.42% | 11.15% | 25.44% | 20.61% | 16.34% | 13.36% | 10.41% | 6.31% | 12.30% | 9.48% | 5.47% |
| 0.00 | 0.09 | 0.18 | 0.18 | 0.68 | 1.73 | 0.40 | 1.51 | 2.42 | 0.64 | 1.09 | 3.52 | |
| Interest | 0.86 | 1.01 | 0.80 | 2.16 | 0.44 | 1.22 | 1.20 | 1.48 | 1.39 | 1.45 | 1.30 | 1.42 |
| Depreciation | 0.13 | 0.78 | 0.77 | 1.82 | 1.89 | 1.84 | 1.65 | 1.48 | 1.37 | 1.25 | 1.32 | 1.68 |
| Profit before tax | 3.04 | 1.25 | 1.91 | 4.22 | 5.28 | 3.35 | 0.38 | 1.25 | 1.40 | 1.48 | 1.56 | 2.40 |
| Tax % | 32.57% | 33.60% | 39.79% | 33.65% | 26.89% | 26.87% | 39.47% | 17.60% | 21.43% | 25.00% | 25.64% | 25.00% |
| 2.05 | 0.84 | 1.15 | 2.80 | 3.87 | 2.46 | 0.24 | 1.03 | 1.10 | 1.11 | 1.17 | 1.80 | |
| EPS in Rs | 5.69 | 1.56 | 2.13 | 1.64 | 2.27 | 1.44 | 0.14 | 0.60 | 0.65 | 0.65 | 0.66 | 1.01 |
| Dividend Payout % | 26.34% | 0.00% | 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: | 2% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 50% |
| 3 Years: | 18% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 5% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.60 | 5.40 | 5.40 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 | 17.74 | 17.74 |
| Reserves | 2.35 | 5.89 | 7.26 | 22.57 | 26.44 | 28.94 | 29.18 | 30.21 | 31.31 | 32.37 | 40.81 | 41.98 |
| 9.86 | 17.56 | 20.07 | 2.32 | 5.02 | 11.22 | 11.03 | 11.11 | 13.83 | 13.31 | 14.86 | 20.51 | |
| 2.53 | 5.02 | 6.48 | 7.81 | 9.40 | 9.03 | 6.10 | 6.55 | 7.34 | 8.18 | 7.92 | 8.91 | |
| Total Liabilities | 18.34 | 33.87 | 39.21 | 49.74 | 57.90 | 66.23 | 63.35 | 64.91 | 69.52 | 70.90 | 81.33 | 89.14 |
| 2.99 | 4.00 | 13.78 | 12.59 | 13.53 | 12.34 | 11.26 | 10.21 | 9.38 | 8.47 | 10.17 | 11.25 | |
| CWIP | 0.00 | 7.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 3.46 | 7.92 | 8.36 | 14.18 | 21.23 | 21.55 | 22.09 | 24.28 |
| 15.35 | 22.37 | 25.43 | 37.15 | 40.91 | 45.97 | 43.73 | 40.52 | 38.91 | 40.88 | 49.07 | 53.61 | |
| Total Assets | 18.34 | 33.87 | 39.21 | 49.74 | 57.90 | 66.23 | 63.35 | 64.91 | 69.52 | 70.90 | 81.33 | 89.14 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.53 | 3.46 | -4.62 | 4.15 | -0.41 | 5.82 | 7.74 | 1.19 | -3.32 | -3.32 | ||
| 0.00 | -2.89 | -1.01 | -2.60 | -5.03 | -0.94 | -6.25 | -7.65 | -0.74 | -3.85 | -2.76 | ||
| 0.00 | 0.54 | 14.86 | -1.08 | 0.42 | 1.61 | 0.08 | -0.10 | -0.32 | 7.53 | 5.69 | ||
| Net Cash Flow | 0.00 | -1.82 | 17.31 | -8.30 | -0.46 | 0.26 | -0.35 | -0.01 | 0.13 | 0.36 | -0.39 | |
| Free Cash Flow | 0.00 | -2.36 | 2.83 | -7.45 | 3.50 | -0.98 | 5.39 | 7.21 | 0.85 | -6.33 | -6.08 | |
| CFO/OP | 0% | 33% | 58% | -47% | 108% | -10% | 224% | 462% | 44% | -95% | -137% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87.35 | 60.34 | 52.67 | 73.07 | 106.83 | 154.66 | 232.71 | 168.57 | 129.96 | 117.27 | 134.31 | 172.62 |
| Inventory Days | 320.23 | 570.74 | 635.99 | 767.78 | 797.21 | 951.27 | 693.50 | 705.47 | 845.25 | 855.52 | 715.71 | |
| Days Payable | 33.16 | 145.05 | 141.98 | 142.98 | 165.06 | 164.98 | 134.20 | 152.38 | 188.48 | 148.36 | 160.20 | |
| Cash Conversion Cycle | 87.35 | 347.41 | 478.36 | 567.08 | 731.63 | 786.82 | 1,019.00 | 727.87 | 683.05 | 774.04 | 841.47 | 728.13 |
| Working Capital Days | 218.63 | 140.53 | 131.25 | 240.75 | 297.58 | 338.88 | 490.05 | 327.57 | 243.38 | 252.17 | 291.02 | 294.76 |
| ROCE % | 30.08% | 8.80% | 17.09% | 12.65% | 8.65% | 2.76% | 4.72% | 4.63% | 4.68% | 4.20% | 4.97% |
Insights
In beta| Dec 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Employee Strength count |
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| Galleries/Displays (Total) count |
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| Domestic States count |
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| Product Range (Types of Blinds) count |
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| Channel Partners (Worldwide) count |
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| Project Business Revenue Share % of consolidated revenue |
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Extracted by Screener AI
Documents
Announcements
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Corrigendum
- Marvel Decor issued corrigendum and revised FY2025-26 annual report on 7 Sep 2026.
-
Shareholders meeting
- 30th AGM on September 29, 2026; adopts FY26 accounts, reappoints director, amends AOA, approves subsidiary remuneration.
-
Appointment
- Marvel Decor appointed N S Dave and Associates as Secretarial Auditor for FY 2026-27 on September 2, 2026.
-
Amendment to AOA/MOA
- Board approved amendment to Articles of Association, pending shareholder approval.
-
Outcome of Board Meeting
- Board fixed 30th AGM for September 29, 2026, approved notice, and appointed secretarial auditor for FY 2026-27.
Annual reports
Concalls
-
Nov 2025Transcript PPT
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Jun 2025TranscriptPPT
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Nov 2024Transcript PPT
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Jun 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
Business Overview:[1]
MDL is a multinational brand specializing in the window covering industry. The company operates with two brands viz. Marvel for
domestic and Callistus for overseas.