Madhav Marbles and Granites Limited (MADHAV) - Net Assets
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. Also explore how large is Madhav Marbles and Granites Limited's balance sheet for the complete picture of this company's asset 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. Check tangible net worth ratio of Madhav Marbles and Granites Limited to evaluate the tangible quality of the company's equity base.
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 market cap of Madhav Marbles and Granites Limited.
| 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 |
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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 |
|---|---|
|
Group 107 Ltd
TA:G107
|
$3.37 Million |
|
Health and Plant Protein Group Ltd
AU:HPP
|
$3.37 Million |
|
Searchlight Resources Inc
V:SCLT
|
$3.37 Million |
|
Redhill Biopharma Ltd
NASDAQ:RDHL
|
$3.37 Million |
|
LabGenomics Co. Ltd
KQ:084650
|
$3.36 Million |
|
Empire Metals Limited
LSE:EEE
|
$3.36 Million |
|
Marula Mining PLC
F:48U0
|
$3.36 Million |
|
FUTURE METALS NL
F:3R10
|
$3.36 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: 0.25x
- 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 0.40x to 0.25x 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 | Rs34.80 | x |
| 2007-03-31 | Rs100.57 | Rs34.80 | x |
| 2009-03-31 | Rs104.19 | Rs34.80 | x |
| 2010-03-31 | Rs106.63 | Rs34.80 | x |
| 2011-03-31 | Rs106.63 | Rs34.80 | x |
| 2012-03-31 | Rs110.62 | Rs34.80 | x |
| 2013-03-31 | Rs112.95 | Rs34.80 | x |
| 2014-03-31 | Rs117.94 | Rs34.80 | x |
| 2015-03-31 | Rs124.91 | Rs34.80 | x |
| 2016-03-31 | Rs132.18 | Rs34.80 | x |
| 2017-03-31 | Rs137.99 | Rs34.80 | x |
| 2018-03-31 | Rs138.75 | Rs34.80 | x |
| 2019-03-31 | Rs143.69 | Rs34.80 | x |
| 2020-03-31 | Rs145.72 | Rs34.80 | x |
| 2021-03-31 | Rs146.90 | Rs34.80 | x |
| 2022-03-31 | Rs143.80 | Rs34.80 | x |
| 2023-03-31 | Rs141.29 | Rs34.80 | x |
| 2024-03-31 | Rs139.67 | Rs34.80 | x |
| 2025-03-31 | Rs138.98 | Rs34.80 | x |
| 2026-03-31 | Rs139.93 | Rs34.80 | 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: $3,919,930,727
- Average return on equity (ROE) among peers: 14.31%
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 | $3.37 Million |
| Ahlada Engineers Limited (AHLADA) | $364.77 Million | 22.18% | 2.99x | $5.16 Million |
| Apollo Pipes Limited (APOLLOPIPE) | $93.09 Million | 3.91% | 0.02x | $244.86 Million |
| Aro Granite Industries Limited (AROGRANITE) | $910.50 Million | 13.16% | 0.86x | $4.21 Million |
| Beardsell Limited (BEARDSELL) | $301.17 Million | 7.81% | 1.22x | $11.45 Million |
| Bigbloc Construction Limited (BIGBLOC) | $771.01 Million | 39.09% | 1.58x | $69.59 Million |
| Blue Star Limited (BLUESTARCO) | $1.73 Billion | 28.32% | 2.41x | $3.74 Billion |
| Cera Sanitaryware Limited (CERA) | $477.14 Million | 19.00% | 1.56x | $854.16 Million |
| Electrosteel Castings Limited (ELECTCAST) | $28.81 Billion | 5.59% | 0.94x | $472.33 Million |
| Everest Industries Limited (EVERESTIND) | $2.94 Billion | 3.06% | 1.81x | $77.27 Million |
| Exxaro Tiles Limited (EXXARO) | $2.80 Billion | 1.01% | 0.74x | $29.32 Million |
About Madhav Marbles and Granites Limited
Madhav Marbles and Granites Limited engages in the manufacture and sale of natural stones and tiles in India. The company operates in three segments: Granite and Stone; Realty; and Power Generation. It's products include marble slabs and tiles, granite slabs and tiles, quartz, and sandstone, as well as calibrated and stone tiles. The company also owns and operates three wind turbine generators wi… Read more