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Inani Marbles & Industries Ltd (531129)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531129 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Inani Marbles & Inds Share Price

₹11.59 0.00 (0.00%)

As on 04-Jun'26 16:59

Inani Marbles & Industries Ltd (531129)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531129 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Inani Marbles & Inds Share Price

₹11.59 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹22 Cr.
Current Price
₹11.6
52-Week Low / High
₹8 / 24
TTM EPS
₹0.1
TTM Sales
₹46.8 Cr.
Book Value per Share
₹28.8
P/E Ratio
119.10
Higher than its 5-year historical median
Industry PE
43.8
Price to Book (P/B)
0.40
Lower than its 5-year historical median
Price to Sales (P/S)
0.46
Lower than its 5-year historical median
EV/EBITDA
9.37
In line with its 5-year historical median
Dividend Yield
0.27%
Profitability Efficiency
Return on Equity (ROE)
1.32%
Underperforms industry median
Return on Capital Employed (ROCE)
4.14%
Underperforms industry median
Return on Assets (ROA)
0.79%
Operating Profit Margin
10.6%
Net Profit Margin
1.65%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-24.37%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-18.56%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-54.78%
Asset Quality
Promoter Holding
62.88%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹50 Cr.
Equity
₹3.7 Cr.
Face Value
₹2
All Time Low / High
₹0.86 / 126.07

Inani Marbles & Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Inani Marbles & Industries Ltd a good quality company?
Inani Marbles & 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 Inani Marbles & Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Inani Marbles & Industries Ltd vs industry peers?
Inani Marbles & Industries Ltd revenue CAGR is 6.04%, 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 Inani Marbles & Industries Ltd?
Promoters hold 62.88% of the Inani Marbles & Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Inani Marbles & Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -12.3% 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.
Inani Marbles & 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11%8.1%4.4%4.9%2.6%6.2%8.6%4.4%5.7%4.1%-
Value Creation
Index
-0.2-0.4-0.7-0.7-0.8-0.6-0.4-0.7-0.6-0.7-

Growth Parameters

Sales 51.244.740.336.631.960.681.671.856.642.847
Sales YoY Gr.--12.8%-9.8%-9.3%-12.7%89.8%34.6%-11.9%-21.2%-24.4%-
Adj EPS 1.40.90.10.5-0.70.70.91.30.50.30.1
YoY Gr.--37.3%-93.3%666.7%-243.5%NA27.5%42.1%-60%-38%-
BVPS (₹) 252626.226.726.425.827.527.728.628.828.8
Adj Net
Profit
2.31.40.10.7-1.11.31.62.30.90.60
Cash Flow from Ops. 3.85.93.34.34.70.38.93.77.24.3-
Debt/CF from Ops. 5.53.35.645.888.73.37.83.25.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -2%6%-19.3%-24.4%
Adj EPS -15.6%NA-29.4%-38%
BVPS1.6%1.8%1.6%0.8%
Share Price -12.1% -9.1% -16.7% -46.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.93.50.21.7-2.52.83.34.51.81.10.4
Op. Profit
Mgn %
17.815.912.214.78.511.58.87.41110.68
Net Profit
Mgn %
4.53.20.22-3.42.123.21.71.30.4
Debt to
Equity
0.50.50.40.40.60.60.60.60.40.40
Working Cap
Days
384464521549593349293322375502231
Cash Conv.
Cycle
216252263292336193148180239342107

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales51.2444.6940.3036.5731.9260.5781.5571.8456.5942.80
Operating Expenses + 42.1037.5935.3731.9229.2053.5974.3666.5651.0438.28
Manufacturing Costs23.0218.0315.5813.739.3817.0117.5412.738.827.87
Material Costs13.6413.2714.079.5813.4524.2639.6937.2128.9718.78
Employee Cost 1.981.721.871.681.923.605.046.025.645.21
Other Costs 3.474.573.866.934.468.7212.1010.607.616.42
Operating Profit 9.147.094.924.642.726.987.195.285.554.52
Operating Profit Margin (%) 17.8%15.9%12.2%12.7%8.5%11.5%8.8%7.4%9.8%10.6%
Other Income + 0.480.610.681.191.560.632.581.972.111.28
Exceptional Items 0000000-0.3400
Interest 2.852.502.252.022.162.542.492.662.472.09
Depreciation 2.962.742.882.822.593.0233.383.212.64
Profit Before Tax 3.812.470.470.99-0.472.054.290.871.981.06
Tax 1.260.820.070.14-0.160.531.030.310.410.35
Profit After Tax 2.551.650.400.86-0.311.523.250.561.570.71
PAT Margin (%) 5.0%3.7%1.0%2.4%-1.0%2.5%4.0%0.8%2.8%1.7%
Adjusted EPS (₹)1.61.00.30.5-0.20.81.80.30.90.4
Dividend Payout Ratio (%)6.40%3.90%16.10%7.60%-20.80%4.90%2.30%13.20%4.70%10.50%

Valuation of Inani Marbles & Inds - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 40.6042.2542.5843.3642.9747.9351.1151.5953.2353.64
Share Capital 3.253.253.253.253.253.723.723.723.723.72
Reserves 37.343939.3240.1039.7144.2147.3947.8749.5149.92
Debt +19.7018.3917.8816.5724.7726.1325.1623.8820.0120.16
Long Term Debt3.352.421.671.217.068.547.136.343.302.20
Short Term Debt16.3515.9716.2015.3717.7117.5918.0317.5416.7117.96
Minority Interest0000000000
Trade Payables18.0317.1317.2112.0412.1414.9117.967.896.498.40
Others Liabilities 7.296.886.353.364.536.879.4710.438.449.17
Total Liabilities 85.6284.6584.0275.3284.4095.84103.6993.7888.1791.37

Fixed Assets

Net Fixed Assets +26.7926.5224.0421.9931.3030.3936.0233.4429.6728.14
Gross Block53.8353.7551.5950.9361.4961.2569.3268.6466.7167.52
Accumulated Depreciation27.0327.2327.5528.9430.1930.8733.3035.2137.0439.38
CWIP 0.460.680.960.260.420.990.18000
Investments 0.300.300.300.300.300.300.180.491.711.99
Inventories20.7620.9718.0120.8822.3330.7331.3825.8225.1728.19
Trade Receivables31.0328.0230.3920.5019.9418.6021.4820.3519.1122.90
Cash Equivalents 0.580.280.471.080.290.480.090.140.210.19
Others Assets 5.707.899.8510.329.8114.3514.3513.5312.319.95
Total Assets 85.6284.6584.0275.3284.4095.84103.6993.7888.1791.37

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.765.923.324.334.660.338.903.667.224.29
PBT 3.812.470.470.99-0.472.054.290.871.981.06
Adjustment 5.494.784.736.354.216.605.405.995.033.91
Changes in Working Capital -4.080.1-1.33-2.380.14-7.97-0.46-2.720.85-1.28
Tax Paid -1.46-1.43-0.55-0.640.78-0.35-0.33-0.48-0.650.60
Cash Flow From Investing Activity + -0.86-2.68-0.63-0.79-12.05-2.63-6.09-0.930.38-1.62
Capex -1.33-2.47-0.35-1.49-11.89-2.05-7.42-0.791.44-1.07
Net Investments 0.18000000.52-0.33-1.05-0.55
Others 0.29-0.22-0.280.70-0.16-0.570.810.18-00
Cash Flow From Financing Activity + -3.43-3.54-2.50-2.916.602.51-3.21-2.67-7.55-2.69
Net Proceeds from Shares 000003.510000
Net Proceeds from Borrowing 1.15-0.92-0.75-0.475.851.48-1.40-0.80-3.04-1.10
Interest Paid -2.67-2.14-2.04-1.61-1.77-2.38-2.26-2.28-2.30-1.98
Dividend Paid -0.33-0.16-0.07-0.07-0.07-0.07-0.07-0.07-0.07-0.07
Others -1.59-0.310.36-0.772.59-0.030.530.48-2.130.47
Net Cash Flow -0.54-0.300.200.63-0.790.20-0.400.060.06-0.02

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.4740.952-0.733.356.571.131.32
ROCE (%)11.028.064.414.942.596.248.634.415.684.14
Asset Turnover Ratio0.620.530.480.460.40.670.820.730.620.48
PAT to CFO Conversion(x)1.473.598.35.03N/A0.222.746.544.66.04
Working Capital Days
Receivable Days193.40239.40264.10254231.20116.1089.70106.30127.20179.20
Inventory Days141.70169.20176.30194.10247.10159.90139145.30164.40227.50
Payable Days405.40483.60445.50557.30328.20203.50151.10126.8090.60144.70

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

Inani Marbles & Industries Ltd FAQs

The current trading price of Inani Marbles & Inds on 04-Jun-2026 16:59 is ₹11.59.

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 03-Jun-2026 the market cap of Inani Marbles & Inds stood at ₹21.56 Cr

The latest P/E ratio of Inani Marbles & Inds as of 03-Jun-2026 is 119.1.

The latest P/B ratio of Inani Marbles & Inds as of 03-Jun-2026 is 0.40.

The 52-week high of Inani Marbles & Inds is ₹23.90 and the 52-week low is ₹8.33.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Inani Marbles & Inds is ₹46.76 ( Cr.) .

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

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

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

About Inani Marbles & Industries Ltd

Inani Marbles and Industries established in 1984 have witnessed a tremendous growth in volume and variety. Started in a small way, today Inani owns a large factory at Chittorgarh, Rajasthan, with a huge capacity and state of the art technology for Marble processing, capturing a large segment of the Marble market of India.

To its credential Inani Marbles is one of the largest prouder of Green, White and Pink Marble slabs, Blocks and Tiles in India. Joint efforts of Inani Family and Capt. S.K.Inani, who is the Managing Director whose vision and adoption of latest technology, have driven the group where it stands today.

Inani Marble's plants are well equipped with modern gang saws (Five in a single row), slab polisher, tiling plant and heavy lifting equipment which offer the finest quality marble directly from their sources. Standard sizes and finishes are nearly always in stock, ready for delivery. With its specialization and volume production, the company generates efficiencies which translate into cost effective services for its clients aiming at prompt delivery, consistent quality and responsive client service.

The company has organized all trades and export services with the utmost efficiency, the success of which is demonstrated by a long list of satisfied and highly valued customers.

Other Inani Group companies are:

  • Inani Marbles & Industries Ltd.
  • Inani Marbles Pvt. Ltd.
  • Inani Marmo & Granite Pvt. Ltd.
  • Inani Tiles Pvt. Ltd.
  • Action Marbles & Granites Pvt. Ltd.
  • Inani Marbles International.
  • Inani Marbles & Granites Tradi, Sharjah.

The group has mechanized quarries of:

  • Dark Green at Kesariyaji, Udaipur
  • Red Coral, Fantasy Brown, Raymond Silver at Paloda
  • White at Banswara
  • Panther White at Daroli
  • White at Rajsamand

Product range of the company includes:

  • Marble
  • Sandstone
  • Quartzite
  • Granite
  • Slate
  • Limestone
  • Mosaic
  • Pebbles
  • Cobbles
  • Handicrafts
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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.

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