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Elegant Marbles & Grani Industries Ltd (526705)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526705 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Elegant Marbles&Gran Share Price

₹183.35 -8.40 (-4.38%)

As on 25-Jun'26 16:59

Elegant Marbles & Grani Industries Ltd (526705)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526705 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Elegant Marbles&Gran Share Price

₹183.35 -8.40 (-4.38%)

As on 25-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹54 Cr.
Current Price
₹183.4
52-Week Low / High
₹133 / 264
TTM EPS
₹11.3
TTM Sales
₹34.3 Cr.
Book Value per Share
₹419.6
P/E Ratio
16.21
Lower than its 5-year historical median
Industry PE
46.9
Price to Book (P/B)
0.44
In line with its 5-year historical median
Price to Sales (P/S)
1.58
Lower than its 5-year historical median
EV/EBITDA
7.58
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.49%
Outperforms industry median
Return on Capital Employed (ROCE)
3.50%
Underperforms industry median
Return on Assets (ROA)
2.38%
Operating Profit Margin
13.5%
Net Profit Margin
9.76%
Gross Profit Margin
18.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
7.66%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-28.72%
Asset Quality
Promoter Holding
71.36%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹121 Cr.
Equity
₹3 Cr.
Face Value
₹10
All Time Low / High
₹4.90 / 364.00

Elegant Marbles & Grani Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Elegant Marbles & Grani Industries Ltd a good quality company?
Elegant Marbles & Grani Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Elegant Marbles & Grani Industries Ltd performance compare with that of its Peers?
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 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 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 8.1% based on the current price.

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)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elegant Marbles & Grani Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10%5.9%4.4%1.9%-1%3.2%4%4.6%4.2%3.5%-
Value Creation
Index
-0.3-0.6-0.7-0.9-1.1-0.8-0.7-0.7-0.7-0.8-

Growth Parameters

Sales 28.52419.710.39.327.835.734.228.534.334
Sales YoY Gr.--15.6%-18.2%-47.7%-9.9%200.4%28.2%-4%-16.6%20.4%-
Adj EPS 11.69.27.53-2.97.411.115.813.411.811.3
YoY Gr.--20.9%-18.2%-59.6%-196.4%NA51.4%42.1%-15.1%-12.1%-
BVPS (₹) 199.9238.7247.6190.5249.8288.2289.5436.8490.2419.6419.6
Adj Net
Profit
5.23.42.71.1-1.12.74.14.743.53
Cash Flow from Ops. -1.6-4.5-8.8-1.7-7.1-2.85-6.1-4.6-0.9-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.1%30%-1.2%20.4%
Adj EPS 0.2%NA2%-12.1%
BVPS8.6%10.9%13.2%-14.4%
Share Price 6% 5.9% 1.9% -23.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
6.83.83.11.4-1.32.73.942.92.62.7
Op. Profit
Mgn %
5.33.95.7-12.7-33.84.910.712.615.113.513.5
Net Profit
Mgn %
18.3141410.8-11.59.711.413.713.910.29.8
Debt to
Equity
00000000000
Working Cap
Days
171244336642774305257283388377231
Cash Conv.
Cycle
1676207541647247212248351351196

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales28.4724.0419.6610.289.2627.8235.6534.2228.5334.34
Operating Expenses + 26.9623.1118.5311.5812.6026.4931.8229.9224.2329.70
Manufacturing Costs1.041.201.330.760.580.791.521.441.471.56
Material Costs22.2416.7811.426.026.9319.6122.6218.8712.0916.17
Employee Cost 0.952.092.692.562.493.043.194.014.444.81
Other Costs 2.733.033.092.242.613.054.505.616.237.17
Operating Profit 1.520.931.13-1.30-3.341.333.834.304.314.64
Operating Profit Margin (%) 5.3%3.9%5.7%-12.7%-36.1%4.8%10.7%12.6%15.1%13.5%
Other Income + 6.364.483.052.932.6922.202.582.541.62
Exceptional Items 000000-1.51-0.920-0.26
Interest 0000000000
Depreciation 0.190.170.280.130.130.200.300.501.031.29
Profit Before Tax 7.695.253.901.50-0.783.134.225.465.824.72
Tax 1.740.880.630.0300.441.181.401.111.36
Profit After Tax 5.954.373.271.47-0.792.693.044.054.703.35
PAT Margin (%) 20.9%18.2%16.6%14.4%-8.5%9.7%8.5%11.8%16.5%9.8%
Adjusted EPS (₹)13.211.98.94.0-2.27.48.313.715.911.3
Dividend Payout Ratio (%)0%0%0%0%0%37.40%0%20.10%6.30%0%

Valuation of Elegant Marbles&Gran - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 89.9487.3590.6469.7191.42105.50105.96129.43145.24124.33
Share Capital 4.503.663.663.663.663.663.662.962.962.96
Reserves 85.4483.6986.9866.0587.76101.84102.30126.47142.28121.37
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables10.227.930.930.160.020.150.160.751.270.02
Others Liabilities 0.842.871.200.581.492.177.254.524.536.36
Total Liabilities 101.0198.1592.7770.4592.93107.81113.37134.71151.04130.72

Fixed Assets

Net Fixed Assets +0.960.841.030.920.852.141.954.849.208.17
Gross Block5.265.305.785.555.627.046.589.2814.6714.83
Accumulated Depreciation4.304.474.754.634.764.904.634.445.476.65
CWIP 0000000000
Investments 84.5578.1872.4250.2668.0976.9083.9998.49101.6277.67
Inventories10.8314.1315.4514.2716.7116.2917.9124.1929.9333.43
Trade Receivables1.271.261.390.681.273.504.011.381.602.44
Cash Equivalents 1.091.390.821.622.373.962.063.727.266.85
Others Assets 2.312.351.662.703.645.033.442.081.432.16
Total Assets 101.0198.1592.7770.4592.93107.81113.37134.71151.04130.72

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -1.63-4.51-8.84-1.74-7.09-2.754.99-6.05-4.58-0.91
PBT 7.695.253.901.50-0.783.134.225.465.824.72
Adjustment -6.17-4.25-2.20-2.33-2.49-1.72-1.40-1.05-0.431.01
Changes in Working Capital -1.4-3.34-9.16-0.48-3.66-2.443.62-5.08-4.88-4.51
Tax Paid -1.74-2.17-1.38-0.43-0.15-1.72-1.46-5.38-5.09-2.12
Cash Flow From Investing Activity + 1.3622.048.272.557.854.35-5.9341.808.870.77
Capex -0.07-0.04-0.48-0.02-65.23-1.48-0.11-3.38-5.39-0.26
Net Investments -3.8819.116.540.5771.103.98-7.5343.6213.740.50
Others 5.312.972.212.011.981.861.711.550.520.53
Cash Flow From Financing Activity + 0-17.220000-1.01-34.14-0.81-0.30
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 000000-1.01-1.21-0.81-0.30
Others 0-17.2200000-32.9300
Net Cash Flow -0.270.31-0.560.810.761.60-1.941.603.48-0.43

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)7.774.933.671.84-0.982.732.873.443.422.49
ROCE (%)10.045.924.381.87-0.973.183.994.644.243.5
Asset Turnover Ratio0.330.240.210.130.110.280.320.280.20.24
PAT to CFO Conversion(x)-0.27-1.03-2.7-1.18N/A-1.021.64-1.49-0.97-0.27
Working Capital Days
Receivable Days16.7019.2024.6036.8038.6031.3038.4028.7019.1021.50
Inventory Days133.10189.60274.60527.80610.70216.50175.10224.50346.10336.70
Payable Days157197.50141.7033.104.701.602.508.9030.6014.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Elegant Marbles & Grani Industries Ltd FAQs

The current trading price of Elegant Marbles&Gran on 25-Jun-2026 16:59 is ₹183.3.

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 24-Jun-2026 the market cap of Elegant Marbles&Gran stood at ₹54.33 Cr

The latest P/E ratio of Elegant Marbles&Gran as of 24-Jun-2026 is 16.21.

The latest P/B ratio of Elegant Marbles&Gran as of 24-Jun-2026 is 0.44.

The 52-week high of Elegant Marbles&Gran is ₹264.0 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 ₹34.34 ( Cr.) .

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

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.

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.

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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