Is Elegant Marbles & Grani Industries Ltd (526705) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Elegant Marbles & Grani Industries Ltd is a below average quality company .

Is Elegant Marbles & Grani Industries Ltd (526705) undervalued or overvalued?

The key valuation ratios of Elegant Marbles & Grani Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Elegant Marbles & Grani Industries Ltd (526705) share price return in the past 10 years?

Elegant Marbles & Grani Industries Ltd share price has appreciated 7.9% annually (CAGR) over the past ten years.

Is Elegant Marbles & Grani Industries Ltd (526705) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Elegant Marbles & Grani Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Elegant Marbles & Grani Industries Ltd (526705)?

Company share prices are keep on changing according to the market conditions. The current trading price of Elegant Marbles & Grani Industries Ltd (526705) on 20-Apr-2026 16:59:59 at 16:59 is 203.00.

What is the P/E ratio of Elegant Marbles & Grani Industries?

The latest standalone P/E ratio of Elegant Marbles & Grani Industries as of 20-Apr-2026 is 16.69.

What is the P/B ratio of Elegant Marbles & Grani Industries Ltd (526705)?

The latest standalone P/B ratio of Elegant Marbles & Grani Industries Ltd (526705) as of 20-Apr-2026 is 0.40.

What is the 52-week high and low of Elegant Marbles & Grani Industries Ltd (526705)?

The 52-week high of Elegant Marbles & Grani Industries Ltd (526705) is Rs. 274.00 and the 52-week low is Rs. 132.70.

Elegant Marbles & Grani Industries Ltd (526705) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Elegant Marbles & Grani Industries Ltd (526705)
Brand: Elegant Marbles & Grani Industries

Key Metrics

Market Cap

₹59 Cr.

P/E Ratio

16.69

Price to Book (P/B)

0.40

Price to Sales (P/S)

1.85

EV/EBITDA

8.68

Return on Capital Employed (ROCE)

4.24%

Current Price

₹203

Return on Equity (ROE)

3.42%

Return on Assets (ROA)

3.29%

Operating Profit Margin

15.1%

Net Profit Margin

16.48%

Gross Profit Margin

24%

Book Value per Share

₹495.9

Sales Growth (YoY)

-16.63%

Sales Growth (3 Years)

0.84%

Operating Profit Growth (1 Year)

0.23%

Operating Profit Growth (3 Years)

47.98%

Net Profit Growth (1 Year)

16.05%

52-Week Low / High

₹133 / 274

Net Profit Growth (3 Years)

20.49%

Dividend Yield

0.43%

Promoter Holding

71.36%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Elegant Marbles & Grani Industries Ltd?

Elegant Marbles & Grani Industries Ltd revenue growth is -16.6% for FY-2025 , which is below its 5 year CAGR of 22.7% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Elegant Marbles & Grani Industries Ltd?

Promoters hold 71.36% of the Elegant Marbles & Grani Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Elegant Marbles & Grani Industries Ltd vs industry peers?

Elegant Marbles & Grani Industries Ltd revenue CAGR is 22.65% , compared to the industry median CAGR of 0.00% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Elegant Marbles & Grani Industries Ltd belong to?

Elegant Marbles & Grani Industries Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ceramics/Marble/Granite/Sanitaryware segment.

Q.1 Stock return of Elegant Marbles & Grani Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 8% based on the current price.

DeciZen - make an informed investing decision on Elegant Marbles&Gran

Based on:

Data

M-Cap below 100cr DeciZen not available

Elegant Marbles & Grani Industries stock performance

Key Ratios

Is Elegant Marbles & Grani Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	13.1%	10%	5.9%	4.4%	1.9%	-1%	3.2%	4%	4.6%	4.2%	-
Value Creation Index ⓘ	-0.1	-0.3	-0.6	-0.7	-0.9	-1.1	-0.8	-0.7	-0.7	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	30.3	28.5	24	19.7	10.3	9.3	27.8	35.7	34.2	28.5	32
Sales YoY Gr.	-	-5.9%	-15.6%	-18.2%	-47.7%	-9.9%	200.4%	28.2%	-4%	-16.6%	-
Adj EPS ⓘ	9.8	11.6	9.2	7.5	3	-2.9	7.4	11.1	15.8	13.4	12
YoY Gr.	-	18.5%	-20.9%	-18.2%	-59.6%	-196.4%	NA	51.4%	42.1%	-15.1%	-
BVPS (₹) ⓘ	140.6	199.9	238.7	247.6	190.5	249.8	288.2	289.5	436.8	490.2	495.9
Adj Net Profit ⓘ	4.4	5.2	3.4	2.7	1.1	-1.1	2.7	4.1	4.7	4	4
Cash Flow from Ops. ⓘ	4.1	-1.6	-4.5	-8.8	-1.7	-7.1	-2.8	5	-6.1	-4.6	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-0.7%	22.7%	0.8%	-16.6%
Adj EPS ⓘ	3.6%	34.7%	22.3%	-15.1%
BVPSⓘ	14.9%	20.8%	19.4%	12.2%
Share Price	7.9%	13.2%	22.7%	-18.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	7.3	6.8	3.8	3.1	1.4	-1.3	2.7	3.9	4	2.9	2.4
Op. Profit Mgn % ⓘ	3.7	5.3	3.9	5.7	-12.7	-33.8	4.9	10.7	12.6	15.1	11.2
Net Profit Mgn % ⓘ	14.5	18.3	14	14	10.8	-11.5	9.7	11.4	13.7	13.9	11.1
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	172	171	244	336	642	774	305	257	283	388	255
Cash Conv. Cycle ⓘ	34	16	76	207	541	647	247	212	248	351	217

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	12	-
TTM Sales (₹ Cr.)	32.2	-
BVPS (₹) ⓘ	495.9	-
Reserves (₹ Cr.) ⓘ	144	-
P/BV ⓘ	0.40	-
PE ⓘ	16.69	-

From the Market
52 Week Low / High (₹)	132.70 / 274.00
All Time Low / High (₹)	4.90 / 364.00
Market Cap (₹ Cr.)	59.5
Equity (₹ Cr.)	3
Face Value (₹)	10
Industry PE ⓘ	54.1

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Elegant Marbles&Gran - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	30.26	28.47	24.04	19.66	10.28	9.26	27.82	35.65	34.22	28.53
Operating Expenses ⓘ +	29.13	26.96	23.11	18.53	11.58	12.60	26.49	31.82	29.92	24.23
Manufacturing Costs	1.76	1.04	1.20	1.33	0.76	0.58	0.79	1.52	1.44	1.47
Material Costs	24.39	22.24	16.78	11.42	6.02	6.93	19.61	22.62	18.87	12.09
Employee Cost	0.45	0.95	2.09	2.69	2.56	2.49	3.04	3.19	4.01	4.44
Other Costs ⓘ	2.53	2.73	3.03	3.09	2.24	2.61	3.05	4.50	5.61	6.23
Operating Profit ⓘ	1.13	1.52	0.93	1.13	-1.30	-3.34	1.33	3.83	4.30	4.31
Operating Profit Margin (%)	3.7%	5.3%	3.9%	5.7%	-12.7%	-36.1%	4.8%	10.7%	12.6%	15.1%
Other Income ⓘ +	7.02	6.36	4.48	3.05	2.93	2.69	2	2.20	2.58	2.54
Exceptional Items ⓘ	0	0	0	0	0	0	0	-1.51	-0.92	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	0.20	0.19	0.17	0.28	0.13	0.13	0.20	0.30	0.50	1.03
Profit Before Tax ⓘ	7.95	7.69	5.25	3.90	1.50	-0.78	3.13	4.22	5.46	5.82
Tax ⓘ	1.45	1.74	0.88	0.63	0.03	0	0.44	1.18	1.40	1.11
Profit After Tax	6.49	5.95	4.37	3.27	1.47	-0.79	2.69	3.04	4.05	4.70
PAT Margin (%)	21.5%	20.9%	18.2%	16.6%	14.4%	-8.5%	9.7%	8.5%	11.8%	16.5%
Adjusted EPS (₹)	14.4	13.2	11.9	8.9	4.0	-2.2	7.4	8.3	13.7	15.9
Dividend Payout Ratio (%)	14%	0%	0%	0%	0%	0%	37%	0%	20%	6%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	63.27	89.94	87.35	90.64	69.71	91.42	105.50	105.96	129.43	145.24
Share Capital ⓘ	4.50	4.50	3.66	3.66	3.66	3.66	3.66	3.66	2.96	2.96
Reserves ⓘ	58.77	85.44	83.69	86.98	66.05	87.76	101.84	102.30	126.47	142.28
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	8.90	10.22	7.93	0.93	0.16	0.02	0.15	0.16	0.75	1.27
Others Liabilities ⓘ	1.31	0.84	2.87	1.20	0.58	1.49	2.17	7.25	4.52	4.53
Total Liabilities ⓘ	73.49	101.01	98.15	92.77	70.45	92.93	107.81	113.37	134.71	151.04
Fixed Assets
Net Fixed Assets ⓘ +	1.08	0.96	0.84	1.03	0.92	0.85	2.14	1.95	4.84	9.20
Gross Block	5.19	5.26	5.30	5.78	5.55	5.62	7.04	6.58	9.28	14.67
Accumulated Depreciation	4.11	4.30	4.47	4.75	4.63	4.76	4.90	4.63	4.44	5.47
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	58.86	84.55	78.18	72.42	50.26	68.09	76.90	83.99	98.49	101.62
Inventories	9.94	10.83	14.13	15.45	14.27	16.71	16.29	17.91	24.19	29.93
Trade Receivables	1.33	1.27	1.26	1.39	0.68	1.27	3.50	4.01	1.38	1.60
Cash Equivalents	1.35	1.09	1.39	0.82	1.62	2.37	3.96	2.06	3.72	7.26
Others Assets ⓘ	0.92	2.31	2.35	1.66	2.70	3.64	5.03	3.44	2.08	1.43
Total Assets ⓘ	73.49	101.01	98.15	92.77	70.45	92.93	107.81	113.37	134.71	151.04

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	4.08	-1.63	-4.51	-8.84	-1.74	-7.09	-2.75	4.99	-6.05	-4.58
PBT ⓘ	7.95	7.69	5.25	3.90	1.50	-0.78	3.13	4.22	5.46	5.82
Adjustment ⓘ	-6.40	-6.17	-4.25	-2.20	-2.33	-2.49	-1.72	-1.40	-1.05	-0.43
Changes in Working Capital ⓘ	4.99	-1.4	-3.34	-9.16	-0.48	-3.66	-2.44	3.62	-5.08	-4.88
Tax Paid ⓘ	-2.46	-1.74	-2.17	-1.38	-0.43	-0.15	-1.72	-1.46	-5.38	-5.09
Cash Flow From Investing Activity ⓘ +	-2.75	1.36	22.04	8.27	2.55	7.85	4.35	-5.93	41.80	8.87
Capex	-0.54	-0.07	-0.04	-0.48	-0.02	-65.23	-1.48	-0.11	-3.38	-5.39
Net Investments	-8.80	-3.88	19.11	6.54	0.57	71.10	3.98	-7.53	43.62	13.74
Others ⓘ	6.59	5.31	2.97	2.21	2.01	1.98	1.86	1.71	1.55	0.52
Cash Flow From Financing Activity ⓘ +	-1.08	0	-17.22	0	0	0	0	-1.01	-34.14	-0.81
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-0.90	0	0	0	0	0	0	-1.01	-1.21	-0.81
Others ⓘ	-0.18	0	-17.22	0	0	0	0	0	-32.93	0
Net Cash Flow ⓘ	0.25	-0.27	0.31	-0.56	0.81	0.76	1.60	-1.94	1.60	3.48

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	10.72	7.77	4.93	3.67	1.84	-0.98	2.73	2.87	3.44	3.42
ROCE (%)	13.12	10.04	5.92	4.38	1.87	-0.97	3.18	3.99	4.64	4.24
Asset Turnover Ratio	0.43	0.33	0.24	0.21	0.13	0.11	0.28	0.32	0.28	0.2
PAT to CFO Conversion(x)	0.63	-0.27	-1.03	-2.7	-1.18	N/A	-1.02	1.64	-1.49	-0.97
Working Capital Days
Receivable Days	19	17	19	25	37	39	31	38	29	19
Inventory Days	133	133	190	275	528	611	216	175	225	346
Payable Days	126	157	197	142	33	5	2	3	9	31

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Elegant Marbles & Grani Industries Ltd FAQs

The current trading price of Elegant Marbles&Gran on 20-Apr-2026 16:59 is ₹203.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Apr-2026 the market cap of Elegant Marbles&Gran stood at ₹59.47 Cr

The latest P/E ratio of Elegant Marbles&Gran as of 19-Apr-2026 is 16.69.

The latest P/B ratio of Elegant Marbles&Gran as of 19-Apr-2026 is 0.40.

The 52-week high of Elegant Marbles&Gran is ₹274.0 and the 52-week low is ₹132.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elegant Marbles&Gran is ₹32.17 ( Cr.) .

About Elegant Marbles & Grani Industries Ltd

Elegant Marbles & Grani Industries was incorporated in the year 1984 and was promoted by Rajesh Agrawal and Rakesh Agrawal. The company was formerly known as Elegant Marble. The shares of the company are listed on the Bombay and Jaipur stock exchanges.

The company is one of the leading manufacturers and providers of choicest and exclusive range of Indian and imported marbles and granites. It has developed long-term relationships with several niche clients in India and abroad. Over the years, the company has evolved in response to changing customer demands and aspirations. Aggressive marketing and rational utilization of resources by the management of the company has helped to record such excellent results. Elegant has deployed considerable attention and resources on creating a better future for itself, so that when the cyclical trends on the commodity become more favourable, as has been the experience in the past, the company is well positioned to capture the benefits of upturn.

It engages in the manufacture and sale of marbles and granite stones in India and abroad. It offers natural stones, including travertine, onyx, sandstone and slates; engineered marble comprising agglomerated and semi precious stones; and mosaic, inlays, marble handicrafts, marble art work, and edge profiles.

History of the company:

1984 - The company was incorporated under the name and style of Elegant Marbles Private Limited on November 5. The company was promoted by Rajesh Agrawal and Rakesh Agrawal to set up a plant to manufacture polished marble tiles with an installed capacity of 33,000 sq mtrs per annum. The project was implemented in a period of six months and commenced production in August 1985.

1987 - With a view to broad base its product range and take advantage of the growing market, the company diversified into manufacture of marble slabs by setting up production facilities with an installed capacity to manufacture 47,000 sq meters of marble slabs per annum.

1989 - The company started trading in granite tiles and slabs and executed export orders to USA, Europe, Middle East and Singapore. Keeping in mind the growing demand for Indian Granie both in the domestic and foreign markets and the thrust given by the Government of India for development of the granite industry, the company set up production facilities to manufacture 16,100 sq meters of granite slabs per annum at its existing site at Abu Road.

1994 - The company has one of the few plants in the country where integrated production facilities for marble tiles, marble slabs and granite slabs are available under one roof. The name of the company was changed to Elegant Marbles and Grani Industries Pvt Ltd on June 8, and was converted into a public limited company on July 11, when it acquired its present name.

1995 - The company inaugurated a new retail outlet in the heart of Bombay's marble market situated near the airport on the Western Express Highway. The company is also planning in the current year to set up representative offices all over India for effective marketing of its products. The company has been awarded the much-coveted government recognized Export House status, which is a matter of great prestige for the company.

1998 - The company has purchased a large showroom-cum-corporate office adjacent to its existing office at Lower Parel, Mumbai.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Elegant Marbles & Grani Industries Ltd (526705) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Elegant Marbles&Gran Share Price