Marvel Decor Ltd
Marvel Decor is presently in the business of window covering fashion blinds, component and supplying it to the company making window covering fashion blinds.
- Market Cap ₹ 81.9 Cr.
- Current Price ₹ 46.2
- High / Low ₹ 105 / 43.0
- Stock P/E 22.0
- Book Value ₹ 36.4
- Dividend Yield 0.00 %
- ROCE 8.02 %
- ROE 6.74 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 5.96% over last 3 years.
- Earnings include an other income of Rs.2.32 Cr.
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 31.52 | 25.77 | 29.12 | 27.51 | 40.80 | 49.26 | 53.03 | 62.68 | 69.17 | |
| 23.50 | 19.11 | 24.78 | 24.67 | 37.07 | 46.04 | 46.89 | 56.35 | 63.89 | |
| Operating Profit | 8.02 | 6.66 | 4.34 | 2.84 | 3.73 | 3.22 | 6.14 | 6.33 | 5.28 |
| OPM % | 25.44% | 25.84% | 14.90% | 10.32% | 9.14% | 6.54% | 11.58% | 10.10% | 7.63% |
| 0.18 | 0.73 | 0.89 | 0.82 | 1.59 | 2.76 | 0.74 | 1.14 | 2.32 | |
| Interest | 2.16 | 0.51 | 1.33 | 1.30 | 1.56 | 1.51 | 1.58 | 1.53 | 1.72 |
| Depreciation | 1.82 | 1.97 | 2.29 | 2.14 | 1.97 | 1.90 | 1.71 | 1.72 | 1.91 |
| Profit before tax | 4.22 | 4.91 | 1.61 | 0.22 | 1.79 | 2.57 | 3.59 | 4.22 | 3.97 |
| Tax % | 26.30% | 28.92% | 55.90% | 68.18% | 12.29% | 12.06% | 10.31% | 9.48% | |
| 3.11 | 3.50 | 0.72 | 0.07 | 1.57 | 2.26 | 3.22 | 3.82 | 3.64 | |
| EPS in Rs | 1.83 | 2.05 | 0.16 | 0.02 | 0.79 | 1.19 | 1.89 | 2.15 | 2.05 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 15% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 42% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 7% |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 | 17.74 | 17.74 |
| Reserves | 22.57 | 25.47 | 26.69 | 26.79 | 28.28 | 30.56 | 33.73 | 44.87 | 46.91 |
| 2.32 | 5.02 | 11.22 | 11.13 | 11.11 | 13.83 | 14.24 | 15.71 | 19.67 | |
| 7.81 | 11.13 | 11.14 | 8.71 | 10.06 | 9.99 | 11.35 | 11.81 | 26.16 | |
| Total Liabilities | 49.74 | 58.66 | 66.09 | 63.67 | 66.49 | 71.42 | 76.36 | 90.13 | 110.48 |
| 12.59 | 15.49 | 17.57 | 15.95 | 15.85 | 15.65 | 14.54 | 16.80 | 17.20 | |
| CWIP | -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 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 37.15 | 43.17 | 48.52 | 47.72 | 50.64 | 55.77 | 61.82 | 73.33 | 93.28 | |
| Total Assets | 49.74 | 58.66 | 66.09 | 63.67 | 66.49 | 71.42 | 76.36 | 90.13 | 110.48 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -7.04 | 2.57 | 3.17 | 1.86 | -0.68 | -0.47 | -4.56 | ||
| -4.69 | -4.52 | -1.01 | -2.73 | -1.33 | 0.12 | -4.17 | ||
| 0.38 | 1.11 | -1.04 | -0.17 | 2.14 | 0.41 | 9.48 | ||
| Net Cash Flow | -11.34 | -0.83 | 1.12 | -1.04 | 0.13 | 0.06 | 0.75 | |
| Free Cash Flow | -11.83 | -1.81 | 2.65 | -0.02 | -2.38 | -1.07 | -8.45 | |
| CFO/OP | -85% | 80% | 117% | 56% | -11% | -2% | -66% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73.07 | 67.28 | 77.71 | 71.25 | 50.19 | 59.57 | 69.93 | 76.34 |
| Inventory Days | 635.99 | 2,672.53 | 1,113.66 | 1,170.18 | 906.44 | 779.90 | 841.54 | 790.19 |
| Days Payable | 141.98 | 421.28 | 191.04 | 202.81 | 156.16 | 150.84 | 146.33 | 138.37 |
| Cash Conversion Cycle | 567.08 | 2,318.53 | 1,000.33 | 1,038.61 | 800.47 | 688.64 | 765.14 | 728.16 |
| Working Capital Days | 240.75 | 395.59 | 343.94 | 374.95 | 253.35 | 223.77 | 238.56 | 248.24 |
| ROCE % | 11.93% | 5.67% | 2.78% | 5.95% | 6.92% | 8.16% | 8.02% |
Insights
In beta| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Manufacturing Space - Jamnagar, Gujarat Sq. Ft ・Standalone data |
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| Number of Fabric Shades (SKUs) Number |
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| Number of Galleries/Displays Number |
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| Types of Blinds Offered Number |
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| Cities Covered (India) Number ・Standalone data |
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| Employee Strength Number |
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| Number of Dealer/Channel Partners Number |
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Extracted by Screener AI
Documents
Announcements
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Allotment of Securities
30 April 2026 - Board allotted 12,00,000 convertible warrants on preferential basis at Rs55.50, raising Rs6.66 crore potential capital.
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Structural Digital Database
20 April 2026 - Submitted SDD compliance certificate for FY2026; no non-compliance reported.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
20 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no dematerialization requests received.
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Preferential issue
19 April 2026 - Shareholders approved 12 lakh convertible warrants at Rs 55.50 each, aggregating Rs 6.66 crore, on April 18, 2026.
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Amendment to AOA/MOA
19 April 2026 - Shareholders approved AoA change and up to 12 lakh convertible warrants at Rs55.50, totaling Rs6.66 crore.
Annual reports
Concalls
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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
Product Feature[1][2]
Blinds: The company offers 16+ types of blinds, including Sierra, Roman, Vertical, Roller, Wooden, Panel, and Skylight Blinds.
Operating Systems: Provides 10+ unique systems (manual and motorized) that are compatible with smart devices like Amazon Alexa and Google Home.
Fabric Options: Features a range of 2000+ fabric shades suitable for home and office interiors.