SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE revises the ratings assigned to the bank-facilities of Madhav Marbles & Granites

09 Jun 2011 Evaluate

Credit rating agency, CARE has revised the assigned ‘CARE BB+’ rating to ‘CARE BBB-‘ to the long-term bank facilities of Madhav Marbles & Granites (MMGL) for Rs 21.93 crore. The agency has also revised the assigned ‘CARE BB+/PR4+’ rating to ‘CARE BBB-/PR3’ to the long/short-term bank facilities of MMGL for Rs 2.21 crore.

Further, the agency has also revised the assigned ‘PR4+’ rating to ‘PR3’ to the short-term bank facilities of MMGL for Rs 7.84 crore.

Growth in its total income and profitability while maintaining of prevailing capital structure shall remain key rating sensitivities. The ratings are constrained by lack of own mines, exposure in the real estate activities, foreign exchange fluctuation risk and fragmented nature of granite industry.

Madhav Marble and Granite is a leading processor and exporter of premium quality granite and marble. MMGL is engaged in the production of slab and tiles from granites and marbles blocks and has two windmills. MMGL has suspended operations of its marble division during June’2010 and has increased its focus on the granite processing.

Madhav Marbles&Gran. Share Price

37.94 0.94 (2.54%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1187.65
Somany Ceramics 447.05
Cera Sanitaryware 5296.40
Asian Granito India 77.40
Pokarna 906.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×