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 ₹ 99.3 Cr.
- Current Price ₹ 56.0
- High / Low ₹ 103 / 43.0
- Stock P/E 55.2
- 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: | 24% |
| 3 Years: | 16% |
| 1 Year: | -30% |
| 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 / 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 |
|
||||||
| Galleries/Displays (Total) count |
|||||||
| Domestic Cities count |
|||||||
| Domestic States count |
|||||||
| Product Range (Types of Blinds) count |
|||||||
| Channel Partners (Worldwide) count |
|||||||
| International Countries count |
|||||||
| Project Business Revenue Share % of consolidated revenue |
|||||||
Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- Marvel Decor reported 30th AGM voting results; four resolutions passed on September 29, 2026.
-
Amendment to AOA/MOA
- Shareholders approved amendment to Article 14(1)(c) at the September 29, 2026 AGM.
-
Shareholders meeting
- Marvel Decor's 30th AGM on September 29, 2026 passed all four resolutions with requisite majority.
-
Shareholders meeting
- Marvel Decor held its 30th AGM on September 29, 2026 and approved audited FY26 statements and resolutions.
-
Trading Window
- Trading window closes from October 1, 2026 until 48 hours after half-year results.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
-
Annual Report 2021
from nse
-
Annual Report 2020
from nse
-
Annual Report 2019
from nse
-
Annual Report 2018
from nse
Concalls
-
Nov 2025Transcript PPT
-
Jun 2025Transcript
-
Nov 2024Transcript PPT
-
Jun 2024PPT
-
Jan 2024PPT
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.