Madhav Marbles and Granites Limited (MADHAV) - Net Assets

Latest as of March 2026: Rs1.18 Billion INR ≈ $12.77 Million USD

Based on the latest financial reports, Madhav Marbles and Granites Limited (MADHAV) has net assets worth Rs1.18 Billion INR (≈ $12.77 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.37 Billion ≈ $14.83 Million USD) and total liabilities (Rs190.93 Million ≈ $2.06 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Madhav Marbles and Granites Limited's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.18 Billion
% of Total Assets	86.08%
Annual Growth Rate	2.13%
5-Year Change	-5.93%
10-Year Change	-4.36%
Growth Volatility	4.3

Madhav Marbles and Granites Limited - Net Assets Trend (2006–2026)

This chart illustrates how Madhav Marbles and Granites Limited's net assets have evolved over time, based on quarterly financial data. See Madhav Marbles and Granites Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Madhav Marbles and Granites Limited (2006–2026)

The table below shows the annual net assets of Madhav Marbles and Granites Limited from 2006 to 2026. For live valuation and market cap data, see how much is Madhav Marbles and Granites Limited worth.

Year	Net Assets	Change
2026-03-31	Rs1.18 Billion ≈ $12.77 Million	-0.15%
2025-03-31	Rs1.18 Billion ≈ $12.79 Million	-1.21%
2024-03-31	Rs1.20 Billion ≈ $12.95 Million	-1.89%
2023-03-31	Rs1.22 Billion ≈ $13.20 Million	-2.79%
2022-03-31	Rs1.26 Billion ≈ $13.57 Million	-3.86%
2021-03-31	Rs1.31 Billion ≈ $14.12 Million	-0.23%
2020-03-31	Rs1.31 Billion ≈ $14.15 Million	+1.67%
2019-03-31	Rs1.29 Billion ≈ $13.92 Million	+3.68%
2018-03-31	Rs1.24 Billion ≈ $13.43 Million	+0.55%
2017-03-31	Rs1.23 Billion ≈ $13.35 Million	+4.40%
2016-03-31	Rs1.18 Billion ≈ $12.79 Million	+5.82%
2015-03-31	Rs1.12 Billion ≈ $12.09 Million	+5.91%
2014-03-31	Rs1.06 Billion ≈ $11.41 Million	+4.98%
2013-03-31	Rs1.01 Billion ≈ $10.87 Million	+1.56%
2012-03-31	Rs989.71 Million ≈ $10.70 Million	+3.74%
2011-03-31	Rs954.00 Million ≈ $10.32 Million	0.00%
2010-03-31	Rs954.02 Million ≈ $10.32 Million	+2.34%
2009-03-31	Rs932.23 Million ≈ $10.08 Million	+3.61%
2007-03-31	Rs899.77 Million ≈ $9.73 Million	+16.20%
2006-03-31	Rs774.33 Million ≈ $8.37 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Madhav Marbles and Granites Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs89.47 Million	7.23%
Other Components	Rs1.15 Billion	92.77%
Total Equity	Rs1.24 Billion	100.00%

Madhav Marbles and Granites Limited Competitors by Market Cap

The table below lists competitors of Madhav Marbles and Granites Limited ranked by their market capitalization.

Company	Market Cap
Avira Resources Ltd AU:AVW	$3.71 Million
Mega Sun City Holdings Bhd KLSE:0081	$3.72 Million
iSpecimen Inc NASDAQ:ISPC	$3.72 Million
Super League Enterprise Inc. NASDAQ:SLE	$3.72 Million
Eka Sari Lorena Transport Tbk JK:LRNA	$3.71 Million
Genetic Technologies Ltd NASDAQ:GENE	$3.71 Million
CN Energy Group Inc NASDAQ:CNEY	$3.71 Million
ATI Physical Therapy Inc NYSE:ATIP	$3.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Madhav Marbles and Granites Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 1,243,176,000 to 1,237,674,000, a change of -5,502,000 (-0.4%).
Net income of 3,892,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 989,755,300.
Other factors increased equity by 980,361,300.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs3.89 Million	+0.31%
Other Comprehensive Income	Rs-989.76 Million	-79.97%
Other Changes	Rs980.36 Million	+79.21%
Total Change	Rs-	-0.44%

Book Value vs Market Value Analysis

This analysis compares Madhav Marbles and Granites Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.27x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.44x to 0.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs86.55	Rs38.39	x
2007-03-31	Rs100.57	Rs38.39	x
2009-03-31	Rs104.19	Rs38.39	x
2010-03-31	Rs106.63	Rs38.39	x
2011-03-31	Rs106.63	Rs38.39	x
2012-03-31	Rs110.62	Rs38.39	x
2013-03-31	Rs112.95	Rs38.39	x
2014-03-31	Rs117.94	Rs38.39	x
2015-03-31	Rs124.91	Rs38.39	x
2016-03-31	Rs132.18	Rs38.39	x
2017-03-31	Rs137.99	Rs38.39	x
2018-03-31	Rs138.75	Rs38.39	x
2019-03-31	Rs143.69	Rs38.39	x
2020-03-31	Rs145.72	Rs38.39	x
2021-03-31	Rs146.90	Rs38.39	x
2022-03-31	Rs143.80	Rs38.39	x
2023-03-31	Rs141.29	Rs38.39	x
2024-03-31	Rs139.67	Rs38.39	x
2025-03-31	Rs138.98	Rs38.39	x
2026-03-31	Rs139.93	Rs38.39	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Madhav Marbles and Granites Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.31%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.27%
• Asset Turnover: 0.22x
• Equity Multiplier: 1.11x
Recent ROE (0.31%) is below the historical average (3.52%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	19.00%	19.95%	0.67x	1.42x	Rs69.68 Million
2007	14.67%	14.87%	0.60x	1.64x	Rs42.02 Million
2009	1.75%	2.80%	0.41x	1.53x	Rs-76.93 Million
2010	3.53%	5.29%	0.48x	1.39x	Rs-61.76 Million
2011	1.09%	1.60%	0.52x	1.31x	Rs-84.98 Million
2012	4.66%	7.35%	0.53x	1.19x	Rs-52.87 Million
2013	3.10%	4.94%	0.53x	1.18x	Rs-69.75 Million
2014	5.72%	8.15%	0.60x	1.16x	Rs-45.16 Million
2015	7.03%	8.63%	0.65x	1.25x	Rs-33.22 Million
2016	6.41%	9.61%	0.55x	1.21x	Rs-42.44 Million
2017	4.22%	6.57%	0.56x	1.15x	Rs-71.37 Million
2018	1.45%	2.59%	0.43x	1.30x	Rs-106.15 Million
2019	3.59%	6.06%	0.46x	1.28x	Rs-82.44 Million
2020	1.54%	3.33%	0.36x	1.29x	Rs-110.35 Million
2021	-0.33%	-0.70%	0.40x	1.16x	Rs-135.77 Million
2022	-3.97%	-9.62%	0.37x	1.12x	Rs-179.76 Million
2023	-1.60%	-4.28%	0.33x	1.12x	Rs-146.61 Million
2024	-1.16%	-3.63%	0.28x	1.14x	Rs-139.46 Million
2025	-0.55%	-2.19%	0.22x	1.12x	Rs-131.12 Million
2026	0.31%	1.27%	0.22x	1.11x	Rs-119.88 Million

Industry Comparison

This section compares Madhav Marbles and Granites Limited's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $3,044,684,047
Average return on equity (ROE) among peers: 15.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Madhav Marbles and Granites Limited (MADHAV)	Rs1.18 Billion	19.00%	0.16x	$3.71 Million
Ahlada Engineers Limited (AHLADA)	$1.19 Billion	8.56%	0.95x	$5.58 Million
Apollo Pipes Limited (APOLLOPIPE)	$3.51 Billion	12.65%	0.41x	$232.89 Million
Aro Granite Industries Limited (AROGRANITE)	$1.23 Billion	9.18%	1.03x	$4.18 Million
Beardsell Limited (BEARDSELL)	$587.67 Million	14.45%	1.51x	$12.46 Million
Bigbloc Construction Limited (BIGBLOC)	$229.81 Million	12.73%	1.90x	$75.01 Million
Blue Star Limited (BLUESTARCO)	$2.64 Billion	66.06%	3.47x	$3.79 Billion
Cera Sanitaryware Limited (CERA)	$1.80 Billion	25.74%	1.12x	$858.90 Million
Electrosteel Castings Limited (ELECTCAST)	$11.97 Billion	4.63%	1.01x	$541.12 Million
Everest Industries Limited (EVERESTIND)	$4.53 Billion	2.99%	0.88x	$65.65 Million
Exxaro Tiles Limited (EXXARO)	$2.77 Billion	-0.04%	0.77x	$32.76 Million

About Madhav Marbles and Granites Limited

NSE:MADHAV India Building Products & Equipment

Market Cap

$3.71 Million

Rs343.48 Million INR

Market Cap Rank

#29104 Global

#1626 in India

Share Price

Rs38.39

Change (1 day)

+4.60%

52-Week Range

Rs29.70 - Rs49.21

All Time High

Rs86.95