Madhav Marbles And Granites Limited

BSE: 515093 NSE: MADHAV
Madhav Marbles And Granites Limited - manufacturing in Udaipur, Rajasthan, India. FY 2026 financials and compliance.
CIN L14101RJ1989PLC004903 Incorporated 07 April 1989 ROC Jaipur HQ Udaipur, Rajasthan, India
Active Listed - NSE: MADHAV · BSE: 515093 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹30.71 Cr
▼ 1.11% YoY
EBITDA · FY 2026
₹5.08 Cr
▲ 77.09% YoY
Net profit · FY 2026
₹38.92 Lakh
▲ 157.26% YoY
Authorised capital
₹18 Cr
Registered with MCA
Paid-up capital
₹8.95 Cr
Issued & subscribed
Open charges
₹85.67 Cr
Satisfied ₹106.93 Cr
Company age
37 yrs
Est. 1989
Last financials
Mar 2024
Balance sheet date

About Madhav Marbles And Granites Limited

Data last updated: 15 December 2025

Madhav Marbles And Granites Limited is a public limited company based in Udaipur, Rajasthan, India. It specialises in sanitaryware and tile, a part of the broader manufacturing sector. Incorporated on 07 April 1989, the company has been in operation for over 37 years.

Registered with ROC Jaipur under CIN L14101RJ1989PLC004903. Listed on BSE: 515093 and NSE: MADHAV.

Capital: an authorised share capital of ₹18 Cr and a paid-up capital of ₹8.95 Cr. Formerly known as Maadhav Granite and Realty Limited. It is led by directors including Arumugam Sivadasan and Pachampet Yegnaswamy Venkataraman.

Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: First Floor Mumal Towers 16 Saheli Marg, Udaipur, Rajasthan, India – 313001.

As per the financials filed for FY 2025, the company reported a revenue of ₹34.02 Cr, a decline of 22% compared to the previous year.

Its group structure includes 2 subsidiaries.

The company is associated with 2 brands - Madhav Surfaces, Madhav Marbles. As per MCA filings, the company has open charges of ₹85.67 Cr and satisfied charges of ₹106.93 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhavmarbles.com.

Company Details of Madhav Marbles And Granites Limited
CIN L14101RJ1989PLC004903
Registration Number 004903
Incorporation Date 07 April 1989
ROC Jaipur
Listing Status Listed (BSE: 515093, NSE: MADHAV)
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Madhav Doshi Managing Director Riddhima Doshi Whole-Time Director Arumugam Sivadasan Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    madhavmarbles.com
  • Social Media
  • Registered Address
    First Floor Mumal Towers 16 Saheli Marg, Udaipur, Rajasthan, India – 313001
  • Industry
    Manufacturing, Sanitaryware & Tile, Ceramics
Company report
Madhav Marbles And Granites Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Madhav Marbles And Granites Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited has one previous CIN (Corporate Identification Number): U14101RJ1989PLC004903. The current CIN is L14101RJ1989PLC004903, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L14101RJ1989PLC004903 Current
U14101RJ1989PLC004903 Previous

Associated Brands with Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited operates two associated brands: Madhav Surfaces and Madhav Marbles. These brands represent Madhav Marbles And Granites Limited's diversified market presence and brand portfolio.

Brand Description Website
Madhav Marbles
Marble stones are supplied from Udaipur, India, by the company. madhavmarbles.com
Madhav Surfaces
Quartz and natural stone manufacturing in Oman. madhavquartz.com

Competitors & Alternatives of Madhav Marbles And Granites Limited

Brands and companies operating in the same space as Madhav Marbles And Granites Limited include JK Cement, DuPont, Prism Johnson and 6 more.

Competitor Description Location Founded
JK Cement JK Cement Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products Kanpur, India, India 1975
DuPont DuPont Developer of chemical products, construction & packaging materials, and water solutions United States 1802
Prism Johnson Prism Johnson Manufacturer and supplier of building materials Hyderabad, India, India 1992
HIL HIL Roofing solutions and building materials are manufactured by HIL. Hyderabad, India, India 1946
Magicrete Magicrete AAC blocks, construction chemicals, and precast solutions are manufactured. Surat, India, India 2008
Integrated Cleanroom Technologies Integrated Cleanroom Technologies Cleanroom building products are manufactured for specialized environments. Hyderabad, India, India 2003
CUMI CUMI Abrasives and ceramic fibers are manufactured by CUMI in India. Chennai, India, India 1954
Kamdhenu Kamdhenu Manufacturer & supplier of steel bars, binding wires, PVC pipes, plywood, paints, and other building materials Gurugram, India, India 1995
Binani Cement Binani Cement Blogs focused on multiple topics Mumbai, India, India 1996

Business Activity of Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited is engaged in multiple principal business activities such as trade, electricity, gas, steam and air condition supply, and real estate, with detailed activities including wholesale trading, electric power generation, transmission and distribution, real estate activities with own or leased property. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
G Trade G1 Wholesale Trading *********
D Electricity, gas, steam and air condition supply D1 Electric power generation, transmission and distribution *********
L Real Estate L1 Real estate activities with own or leased property *********
B Mining and quarrying B4 Other Mining & Quarrying Activities *********

Auditor Details of Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited is audited by NYATI AND ASSOCIATES (ICAI peer reviewed, certificate valid till 2026-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
NYATI AND ASSOCIATES (ICAI peer reviewed, certificate valid till 2026-07-31) FY 2026 Statement on impact of audit qualification

Board of Directors of Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited is currently managed by 9 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Arumugam Sivadasan Director 05 Apr 2024 2 Years 3 Months Current
Pachampet Yegnaswamy Venkataraman Director 01 Apr 2024 2 Years 3 Months Current
Surabhi Yadav Director 01 Apr 2025 1 Years 3 Months Current
Madhav Doshi
Also directs: Madhav Ashok Ventures Private Limited, Rupal Holdings Private Limited, Madhav Natural Stone Surfaces Private Limited and 5 more
Managing Director 01 May 2018 8 Years 2 Months Current
Riddhima Doshi
Also directs: Madhav Ashok Ventures Private Limited, Rupal Holdings Private Limited, Madhav Natural Stone Surfaces Private Limited and 1 more
Whole-Time Director 01 Feb 2021 5 Years 5 Months Current
Ravikumar Krishnamurthi Director 30 Nov 1993 32 Years 7 Months Current
Showing 6 of 9 current directors. View all directors

Financials of Madhav Marbles And Granites Limited FY 2026 filings available

Madhav Marbles And Granites Limited reported revenue of ₹30.71 Cr (down 1.11% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹30.71 Cr ▼ 1.11%
Profit · FY 2026
₹38.92 Lakh ▲ 157.26%
EBITDA · FY 2026
₹5.08 Cr ▲ 77.09%
Revenue₹ Cr · Consolidated0255075FY 2020: ₹60 Cr60.3FY 2020FY 2022: ₹53 Cr · -11.5% YoY53.4-11.5%FY 2022FY 2023: ₹47 Cr · -11.5% YoY47.2-11.5%FY 2023FY 2024: ₹40 Cr · -15.5% YoY39.9-15.5%FY 2024FY 2025: ₹31 Cr · -22.2% YoY31.1-22.2%FY 2025FY 2026: ₹31 Cr · -1.1% YoY30.7-1.1%FY 2026
Net Profit₹ Cr · Consolidated-3-2-10123FY 2020: ₹2 Cr2FY 2020FY 2022: ₹2 Cr (loss) · -217.9% YoY-2.4FY 2022FY 2023: ₹2 Cr (loss) · +14.5% YoY-2FY 2023FY 2024: ₹1 Cr (loss) · +28.3% YoY-1.4FY 2024FY 2025: ₹1 Cr (loss) · +53.1% YoY-0.7FY 2025FY 2026: ₹0 Cr · +157.3% YoY0.4+157.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year051015Q1'25: ₹11 Cr · -4.8% YoY10.6-4.8%Q1'25Q2'25: ₹6 Cr · -44.4% YoY5.9-44.4%Q2'25Q3'25: ₹7 Cr · +5.4% YoY6.9+5.4%Q3'25Q4'25: ₹8 Cr · -33.8% YoY7.7-33.8%Q4'25Q1'26: ₹8 Cr · -24.3% YoY8-24.3%Q1'26Q2'26: ₹7 Cr · +15.4% YoY6.8+15.4%Q2'26Q3'26: ₹7 Cr · -3.6% YoY6.6-3.6%Q3'26Q4'26: ₹9 Cr · +20.4% YoY9.2+20.4%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2020
Revenue from Operations ₹30.71 Cr ₹31.06 Cr ₹39.9 Cr ₹47.23 Cr ₹53.36 Cr ₹60.31 Cr
Other Income ₹7.25 Cr ₹2.97 Cr ₹3.68 Cr ₹4.21 Cr ₹4.15 Cr ₹6.72 Cr
Total Income ₹37.97 Cr ₹34.02 Cr ₹43.58 Cr ₹51.44 Cr ₹57.52 Cr ₹67.03 Cr
Cost of Materials Consumed ₹11.53 Cr ₹10.64 Cr ₹16.53 Cr ₹19.92 Cr ₹21.91 Cr ₹23.34 Cr
Purchases of Stock-in-Trade ₹4.04 Cr ₹2.64 Cr ₹2.35 Cr ₹3.26 Cr ₹3.69 Cr ₹5.24 Cr
Changes in Inventories -₹1.69 Cr -₹40.57 Lakh ₹93.94 Lakh -₹1.52 Cr -₹2.39 Cr -₹22.44 Lakh
Employee Benefit Expense ₹7 Cr ₹7.96 Cr ₹8.18 Cr ₹9.5 Cr ₹10.41 Cr ₹9.82 Cr
Finance Costs ₹1.46 Cr ₹1.45 Cr ₹1.77 Cr ₹97.66 Lakh ₹83.57 Lakh ₹1.25 Cr
Depreciation & Amortisation ₹2.89 Cr ₹2.56 Cr ₹2.79 Cr ₹4.72 Cr ₹4.86 Cr ₹4.89 Cr
Other Expenses ₹12.01 Cr ₹10.32 Cr ₹12.83 Cr ₹15.58 Cr ₹17.67 Cr ₹19.77 Cr
Total Expenses ₹37.23 Cr ₹35.17 Cr ₹45.39 Cr ₹52.45 Cr ₹56.97 Cr ₹64.08 Cr
Profit Before Exceptional Items & Tax ₹73.15 Lakh -₹1.15 Cr -₹1.81 Cr -₹1.01 Cr ₹54.82 Lakh ₹2.95 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹73.15 Lakh -₹1.15 Cr -₹1.81 Cr -₹1.01 Cr ₹54.82 Lakh ₹2.95 Cr
Total Tax Expense ₹63.52 Lakh ₹33.62 Lakh ₹10.06 Lakh -₹29.11 Lakh ₹8.43 Lakh ₹94.83 Lakh
Net Profit ₹38.92 Lakh -₹67.97 Lakh -₹1.45 Cr -₹2.02 Cr -₹2.36 Cr ₹2 Cr
  attributable to Owners - ₹0 - - - ₹0
  attributable to NCI - ₹0 - - - ₹0
Other Comprehensive Income ₹0 ₹0 ₹0 -₹13.82 Lakh ₹0 ₹0
Total Comprehensive Income ₹38.92 Lakh -₹67.97 Lakh -₹1.45 Cr -₹2.16 Cr -₹2.36 Cr ₹2 Cr
EBITDA (computed) ₹5.08 Cr ₹2.87 Cr ₹2.75 Cr ₹4.69 Cr ₹6.24 Cr ₹9.09 Cr
Basic EPS ₹0.44 ₹-0.76 ₹-1.62 ₹-2.26 ₹-2.64 ₹2.24
Diluted EPS ₹0.44 ₹-0.76 ₹-1.62 ₹-2.26 ₹-2.64 ₹2.24
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹137.17 Cr ₹139.08 Cr ₹142.49 Cr ₹141.42 Cr
Non-current Assets ₹76.57 Cr ₹84.42 Cr ₹80.64 Cr ₹78.56 Cr
Current Assets ₹60.6 Cr ₹54.66 Cr ₹61.85 Cr ₹62.86 Cr
Property, Plant & Equipment ₹21.91 Cr ₹25.27 Cr ₹27.58 Cr ₹30.3 Cr
Inventories ₹31.42 Cr ₹26.27 Cr ₹27.74 Cr ₹29.91 Cr
Trade Receivables ₹14.27 Cr ₹10.92 Cr ₹14.81 Cr ₹13.48 Cr
Cash & Equivalents ₹1.43 Cr ₹38.87 Lakh ₹12.17 Lakh ₹21.07 Lakh
Equity (Net Worth) ₹118.08 Cr ₹118.25 Cr ₹119.7 Cr ₹122.01 Cr
Equity Share Capital ₹8.95 Cr ₹8.95 Cr ₹8.95 Cr ₹8.95 Cr
Borrowings (Non-current) ₹69.33 Lakh ₹1.27 Cr ₹1.8 Cr ₹2.36 Cr
Borrowings (Current) ₹7.26 Cr ₹10.44 Cr ₹13.27 Cr ₹7.25 Cr
Total Debt (computed) ₹7.96 Cr ₹11.72 Cr ₹15.07 Cr ₹9.61 Cr
Current Liabilities ₹14.9 Cr ₹15.62 Cr ₹18.44 Cr ₹14.8 Cr
Total Liabilities ₹19.09 Cr ₹20.83 Cr ₹22.79 Cr ₹19.41 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹5.19 Cr ₹2.02 Cr -₹5.55 Cr ₹23.37 Cr ₹6.08 Cr
Investing Cash Flow ₹1.07 Cr ₹3.06 Cr ₹1.77 Cr -₹5 Cr -₹5.18 Cr
Financing Cash Flow -₹5.22 Cr -₹4.81 Cr ₹3.7 Cr -₹18.55 Cr -₹3.91 Cr
Capital Expenditure ₹52.23 Lakh ₹26.33 Lakh ₹35.47 Lakh ₹4.76 Cr ₹1.37 Cr
Free Cash Flow (computed) ₹4.67 Cr ₹1.76 Cr -₹5.91 Cr ₹18.61 Cr ₹4.71 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹22.37 Lakh ₹44.74 Lakh
Net Change in Cash ₹1.04 Cr ₹26.7 Lakh -₹8.9 Lakh -₹17.82 Lakh -₹3.01 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹9.24 Cr ₹6.6 Cr ₹6.84 Cr ₹8.03 Cr ₹7.67 Cr ₹6.85 Cr ₹5.93 Cr ₹10.6 Cr ₹11.59 Cr ₹6.5 Cr ₹10.66 Cr ₹11.14 Cr
Other Income ₹4.62 Cr ₹58.63 Lakh ₹1.28 Cr ₹76.89 Lakh ₹1.21 Cr -₹2.61 Lakh ₹1.21 Cr ₹57.3 Lakh ₹1.38 Cr ₹82.51 Lakh ₹89.43 Lakh ₹58.42 Lakh
Total Income ₹13.86 Cr ₹7.19 Cr ₹8.12 Cr ₹8.79 Cr ₹8.88 Cr ₹6.82 Cr ₹7.14 Cr ₹11.18 Cr ₹12.97 Cr ₹7.33 Cr ₹11.56 Cr ₹11.73 Cr
Cost of Materials Consumed ₹2.69 Cr ₹3.71 Cr ₹2.59 Cr ₹2.54 Cr ₹2.79 Cr ₹1.68 Cr ₹2.92 Cr ₹3.25 Cr ₹3.68 Cr ₹3.03 Cr ₹4.95 Cr ₹4.88 Cr
Purchases of Stock-in-Trade ₹84.5 Lakh ₹29.61 Lakh ₹75.8 Lakh ₹2.14 Cr ₹56.78 Lakh ₹71.52 Lakh ₹39.31 Lakh ₹96.71 Lakh ₹99.69 Lakh ₹43.93 Lakh ₹39.39 Lakh ₹52.47 Lakh
Changes in Inventories ₹79.78 Lakh -₹1.45 Cr ₹44,000 -₹1.04 Cr ₹37.8 Lakh -₹90.39 Lakh -₹87.2 Lakh ₹99.22 Lakh ₹55.8 Lakh -₹3.13 Lakh ₹23.29 Lakh ₹17.98 Lakh
Employee Benefit Expense ₹2.01 Cr ₹1.81 Cr ₹1.8 Cr ₹1.37 Cr ₹2.1 Cr ₹2.04 Cr ₹1.8 Cr ₹2.01 Cr ₹2.18 Cr ₹2.09 Cr ₹1.92 Cr ₹1.99 Cr
Finance Costs ₹21.54 Lakh ₹30.31 Lakh ₹59.04 Lakh ₹35.41 Lakh ₹25.43 Lakh ₹73.54 Lakh ₹22.84 Lakh ₹23.61 Lakh ₹38.03 Lakh ₹40.62 Lakh ₹69.52 Lakh ₹28.67 Lakh
Depreciation & Amortisation ₹72.54 Lakh ₹82.57 Lakh ₹61.82 Lakh ₹72.1 Lakh ₹82.38 Lakh ₹46.84 Lakh ₹50.19 Lakh ₹77.06 Lakh ₹74.21 Lakh ₹64.18 Lakh ₹64.31 Lakh ₹76 Lakh
Other Expenses ₹4.1 Cr ₹2.4 Cr ₹2.46 Cr ₹3.04 Cr ₹2.68 Cr ₹2.27 Cr ₹2.5 Cr ₹2.87 Cr ₹3.54 Cr ₹2.6 Cr ₹3.84 Cr ₹2.84 Cr
Total Expenses ₹11.39 Cr ₹7.9 Cr ₹8.82 Cr ₹9.12 Cr ₹9.6 Cr ₹7 Cr ₹7.47 Cr ₹11.1 Cr ₹12.08 Cr ₹9.17 Cr ₹12.68 Cr ₹11.46 Cr
Profit Before Exceptional Items & Tax ₹2.48 Cr -₹71.55 Lakh -₹70.44 Lakh -₹32.47 Lakh -₹72.13 Lakh -₹17.46 Lakh -₹32.91 Lakh ₹7.75 Lakh ₹88.85 Lakh -₹1.84 Cr -₹1.12 Cr ₹26.26 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹2.48 Cr -₹71.55 Lakh -₹70.44 Lakh -₹32.47 Lakh -₹72.13 Lakh -₹17.46 Lakh -₹32.91 Lakh ₹7.75 Lakh ₹88.85 Lakh -₹1.84 Cr -₹1.12 Cr ₹26.26 Lakh
Total Tax Expense ₹61.35 Lakh -₹2.61 Lakh ₹77,000 ₹4.01 Lakh ₹6.5 Lakh ₹15.01 Lakh ₹1 Lakh ₹11.11 Lakh ₹10.06 Lakh -₹4.34 Lakh -₹11.51 Lakh ₹15.85 Lakh
Net Profit ₹1.49 Cr -₹48.77 Lakh -₹43.75 Lakh -₹17.66 Lakh ₹1.78 Lakh -₹32.47 Lakh -₹33.91 Lakh -₹3.36 Lakh ₹1.45 Cr -₹2.15 Cr -₹77.31 Lakh ₹2.43 Lakh
  attributable to Owners - - - - ₹0 - ₹0 - - ₹0 - ₹0
  attributable to NCI - - - - ₹0 - ₹0 - - ₹0 - ₹0
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹1.49 Cr -₹48.77 Lakh -₹43.75 Lakh -₹17.66 Lakh ₹1.78 Lakh -₹32.47 Lakh -₹33.91 Lakh -₹3.36 Lakh ₹1.45 Cr -₹2.15 Cr -₹77.31 Lakh ₹2.43 Lakh
EBITDA (computed) ₹3.42 Cr ₹41.33 Lakh ₹50.42 Lakh ₹75.04 Lakh ₹35.68 Lakh ₹1.03 Cr ₹40.12 Lakh ₹1.08 Cr ₹2.01 Cr -₹79.27 Lakh ₹22.01 Lakh ₹1.31 Cr
Basic EPS ₹1.67 ₹-0.55 ₹-0.49 ₹-0.20 ₹0.02 ₹-0.36 ₹-0.38 ₹-0.04 ₹1.62 ₹-2.41 ₹-0.86 ₹0.03
Diluted EPS ₹1.67 ₹-0.55 ₹-0.49 ₹-0.20 ₹0.02 ₹-0.36 ₹-0.38 ₹-0.04 ₹1.62 ₹-2.41 ₹-0.86 ₹0.03
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
GRANITE AND STONE DIVISION ₹9.24 Cr -₹52.06 Lakh ₹91.82 Cr ₹9.79 Cr
REALTY DIVISION ₹0 ₹0 ₹2.96 Cr ₹0
POWER GENERATION UNIT ₹45.94 Lakh ₹3.21 Cr ₹30.14 Cr ₹5.1 Cr
UNALLOCATED ₹0 ₹64,000 ₹12.25 Cr ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
GRANITE AND STONE DIVISION ₹29.91 Cr -₹2.2 Cr - -
REALTY DIVISION ₹0 ₹0 - -
POWER GENERATION UNIT ₹2.68 Cr ₹4.37 Cr - -
UNALLOCATED ₹0 ₹1.92 Lakh - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹30.46 Cr ₹30.95 Cr ₹39.9 Cr ₹46.93 Cr ₹53.17 Cr ₹61.89 Cr ₹60.28 Cr
Other Income ₹9.03 Cr ₹4.54 Cr ₹4.77 Cr ₹5.35 Cr ₹5.14 Cr ₹4.51 Cr ₹6.72 Cr
Total Income ₹39.49 Cr ₹35.49 Cr ₹44.67 Cr ₹52.28 Cr ₹58.31 Cr ₹66.4 Cr ₹67.01 Cr
Cost of Materials Consumed ₹11.53 Cr ₹10.64 Cr ₹16.53 Cr ₹19.92 Cr ₹21.91 Cr ₹22.55 Cr ₹23.34 Cr
Purchases of Stock-in-Trade ₹3.82 Cr ₹2.57 Cr ₹2.35 Cr ₹3.13 Cr ₹3.55 Cr ₹8.42 Cr ₹5.21 Cr
Changes in Inventories -₹1.67 Cr -₹40.57 Lakh ₹93.94 Lakh -₹1.52 Cr -₹2.39 Cr -₹90.54 Lakh -₹22.44 Lakh
Employee Benefit Expense ₹6.98 Cr ₹7.88 Cr ₹8.15 Cr ₹9.5 Cr ₹10.41 Cr ₹10.05 Cr ₹9.81 Cr
Finance Costs ₹95.12 Lakh ₹89.18 Lakh ₹96.95 Lakh ₹54.6 Lakh ₹42.7 Lakh ₹52.28 Lakh ₹1.1 Cr
Depreciation & Amortisation ₹2.89 Cr ₹2.56 Cr ₹2.79 Cr ₹4.72 Cr ₹4.86 Cr ₹4.62 Cr ₹4.89 Cr
Other Expenses ₹11.96 Cr ₹10.26 Cr ₹12.8 Cr ₹15.34 Cr ₹17.53 Cr ₹16.62 Cr ₹19.68 Cr
Total Expenses ₹36.47 Cr ₹34.4 Cr ₹44.53 Cr ₹51.63 Cr ₹56.28 Cr ₹61.88 Cr ₹63.83 Cr
Profit Before Exceptional Items & Tax ₹3.02 Cr ₹1.09 Cr ₹13.79 Lakh ₹65.12 Lakh ₹2.03 Cr ₹4.52 Cr ₹3.18 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹3.02 Cr ₹1.09 Cr ₹13.79 Lakh ₹65.12 Lakh ₹2.03 Cr ₹4.52 Cr ₹3.18 Cr
Total Tax Expense ₹63.52 Lakh ₹33.62 Lakh ₹10.06 Lakh -₹29.11 Lakh ₹8.43 Lakh ₹19.61 Lakh ₹1 Cr
Net Profit ₹2.39 Cr ₹75.11 Lakh ₹3.73 Lakh ₹94.23 Lakh ₹1.94 Cr ₹4.32 Cr ₹2.18 Cr
  attributable to Owners - - - - - - ₹0
  attributable to NCI - - - - - - ₹0
Other Comprehensive Income ₹0 ₹0 ₹0 -₹13.82 Lakh ₹0 ₹0 ₹0
Total Comprehensive Income ₹2.39 Cr ₹75.11 Lakh ₹3.73 Lakh ₹80.41 Lakh ₹1.94 Cr ₹4.32 Cr ₹2.18 Cr
EBITDA (computed) ₹6.86 Cr ₹4.54 Cr ₹3.89 Cr ₹5.92 Cr ₹7.31 Cr ₹9.66 Cr ₹9.18 Cr
Basic EPS ₹2.67 ₹0.84 ₹0.04 ₹1.05 ₹2.17 ₹4.83 ₹2.44
Diluted EPS ₹2.67 ₹0.84 ₹0.04 ₹1.05 ₹2.17 ₹4.83 ₹2.44
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹157.21 Cr ₹156.86 Cr ₹157.97 Cr ₹154.59 Cr
Non-current Assets ₹101.04 Cr ₹106.25 Cr ₹101.61 Cr ₹94.86 Cr
Current Assets ₹56.17 Cr ₹50.61 Cr ₹56.36 Cr ₹59.73 Cr
Property, Plant & Equipment ₹20.86 Cr ₹24.22 Cr ₹26.53 Cr ₹29.25 Cr
Inventories ₹31.39 Cr ₹26.27 Cr ₹27.74 Cr ₹29.91 Cr
Trade Receivables ₹15.13 Cr ₹11.63 Cr ₹15.02 Cr ₹13.12 Cr
Cash & Equivalents ₹1.25 Cr ₹11.74 Lakh ₹8.08 Lakh ₹16.28 Lakh
Equity (Net Worth) ₹140.18 Cr ₹138.01 Cr ₹137.23 Cr ₹137.19 Cr
Equity Share Capital ₹8.95 Cr ₹8.95 Cr ₹8.95 Cr ₹8.95 Cr
Borrowings (Non-current) ₹69.33 Lakh ₹1.27 Cr ₹1.8 Cr ₹2.36 Cr
Borrowings (Current) ₹6.93 Cr ₹10.12 Cr ₹11.59 Cr ₹5.57 Cr
Total Debt (computed) ₹7.63 Cr ₹11.39 Cr ₹13.39 Cr ₹7.93 Cr
Current Liabilities ₹14.36 Cr ₹15.18 Cr ₹16.57 Cr ₹12.79 Cr
Total Liabilities ₹17.02 Cr ₹18.85 Cr ₹20.74 Cr ₹17.4 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹4.01 Cr -₹1.71 Cr -₹5.94 Cr ₹3.04 Cr ₹1.39 Cr
Investing Cash Flow ₹1.83 Cr ₹4.65 Cr ₹1.36 Cr -₹3.77 Cr -₹79.9 Lakh
Financing Cash Flow -₹4.71 Cr -₹2.9 Cr ₹4.49 Cr ₹55.03 Lakh -₹3.64 Cr
Capital Expenditure ₹52.23 Lakh -₹16 Lakh ₹35.48 Lakh ₹4.97 Cr ₹1.37 Cr
Free Cash Flow (computed) ₹3.48 Cr -₹1.87 Cr -₹6.29 Cr -₹1.93 Cr ₹2.48 Lakh
Dividends Paid ₹0 ₹0 ₹0 ₹22.37 Lakh ₹0
Net Change in Cash ₹1.13 Cr ₹3.67 Lakh -₹8.19 Lakh -₹17.71 Lakh -₹3.04 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹9.09 Cr ₹6.6 Cr ₹6.84 Cr ₹7.92 Cr ₹7.67 Cr ₹6.85 Cr ₹5.82 Cr ₹10.6 Cr ₹11.59 Cr ₹6.5 Cr ₹10.66 Cr ₹11.14 Cr
Other Income ₹5.08 Cr ₹1.04 Cr ₹1.72 Cr ₹1.2 Cr ₹1.62 Cr ₹35.8 Lakh ₹1.54 Cr ₹1.03 Cr ₹1.79 Cr ₹99.84 Lakh ₹1.08 Cr ₹89.58 Lakh
Total Income ₹14.17 Cr ₹7.64 Cr ₹8.56 Cr ₹9.12 Cr ₹9.29 Cr ₹7.21 Cr ₹7.36 Cr ₹11.63 Cr ₹13.39 Cr ₹7.5 Cr ₹11.74 Cr ₹12.04 Cr
Cost of Materials Consumed ₹2.69 Cr ₹3.71 Cr ₹2.59 Cr ₹2.54 Cr ₹2.79 Cr ₹1.68 Cr ₹2.92 Cr ₹3.25 Cr ₹3.68 Cr ₹3.03 Cr ₹4.95 Cr ₹4.88 Cr
Purchases of Stock-in-Trade ₹72.51 Lakh ₹29.61 Lakh ₹75.8 Lakh ₹2.04 Cr ₹56.78 Lakh ₹71.52 Lakh ₹31.92 Lakh ₹96.71 Lakh ₹99.69 Lakh ₹43.93 Lakh ₹39.39 Lakh ₹52.47 Lakh
Changes in Inventories ₹79.78 Lakh -₹1.45 Cr ₹44,000 -₹1.02 Cr ₹37.8 Lakh -₹90.39 Lakh -₹87.2 Lakh ₹99.22 Lakh ₹55.8 Lakh -₹3.13 Lakh ₹23.29 Lakh ₹17.98 Lakh
Employee Benefit Expense ₹2.01 Cr ₹1.81 Cr ₹1.8 Cr ₹1.36 Cr ₹2.08 Cr ₹2.01 Cr ₹1.79 Cr ₹2 Cr ₹2.16 Cr ₹2.07 Cr ₹1.92 Cr ₹1.99 Cr
Finance Costs ₹21.54 Lakh ₹19.44 Lakh ₹30.07 Lakh ₹24.07 Lakh ₹25.43 Lakh ₹24.09 Lakh ₹16.08 Lakh ₹23.58 Lakh ₹29.11 Lakh ₹25.01 Lakh ₹22.38 Lakh ₹20.45 Lakh
Depreciation & Amortisation ₹72.54 Lakh ₹82.57 Lakh ₹61.82 Lakh ₹72.1 Lakh ₹82.38 Lakh ₹46.84 Lakh ₹50.19 Lakh ₹77.06 Lakh ₹74.21 Lakh ₹64.18 Lakh ₹64.31 Lakh ₹75.98 Lakh
Other Expenses ₹4.07 Cr ₹2.4 Cr ₹2.45 Cr ₹3.03 Cr ₹2.66 Cr ₹2.25 Cr ₹2.49 Cr ₹2.86 Cr ₹3.54 Cr ₹2.59 Cr ₹3.83 Cr ₹2.84 Cr
Total Expenses ₹11.23 Cr ₹7.79 Cr ₹8.52 Cr ₹8.92 Cr ₹9.56 Cr ₹6.45 Cr ₹7.31 Cr ₹11.08 Cr ₹11.97 Cr ₹8.99 Cr ₹12.19 Cr ₹11.38 Cr
Profit Before Exceptional Items & Tax ₹2.94 Cr -₹15.34 Lakh ₹3.88 Lakh ₹20.14 Lakh -₹27.55 Lakh ₹75.42 Lakh ₹5.03 Lakh ₹55.83 Lakh ₹1.42 Cr -₹1.49 Cr -₹44.3 Lakh ₹65.82 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹2.94 Cr -₹15.34 Lakh ₹3.88 Lakh ₹20.14 Lakh -₹27.55 Lakh ₹75.42 Lakh ₹5.03 Lakh ₹55.83 Lakh ₹1.42 Cr -₹1.49 Cr -₹44.3 Lakh ₹65.82 Lakh
Total Tax Expense ₹61.35 Lakh -₹2.61 Lakh ₹77,000 ₹4.01 Lakh ₹6.5 Lakh ₹15.01 Lakh ₹1 Lakh ₹11.11 Lakh ₹10.06 Lakh -₹4.34 Lakh -₹11.51 Lakh ₹15.85 Lakh
Net Profit ₹2.32 Cr -₹12.73 Lakh ₹3.11 Lakh ₹16.13 Lakh -₹34.05 Lakh ₹60.41 Lakh ₹4.03 Lakh ₹44.72 Lakh ₹1.32 Cr -₹1.45 Cr -₹32.79 Lakh ₹49.97 Lakh
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹2.32 Cr -₹12.73 Lakh ₹3.11 Lakh ₹16.13 Lakh -₹34.05 Lakh ₹60.41 Lakh ₹4.03 Lakh ₹44.72 Lakh ₹1.32 Cr -₹1.45 Cr -₹32.79 Lakh ₹49.97 Lakh
EBITDA (computed) ₹3.88 Cr ₹86.67 Lakh ₹95.77 Lakh ₹1.16 Cr ₹80.26 Lakh ₹1.46 Cr ₹71.3 Lakh ₹1.56 Cr ₹2.45 Cr -₹60.14 Lakh ₹42.39 Lakh ₹1.62 Cr
Basic EPS ₹2.60 ₹-0.14 ₹0.03 ₹0.18 ₹-0.38 ₹0.68 ₹0.05 ₹0.50 ₹1.47 ₹-1.62 ₹-0.37 ₹0.56
Diluted EPS ₹2.60 ₹-0.14 ₹0.03 ₹0.18 ₹-0.38 ₹0.68 ₹0.05 ₹0.50 ₹1.47 ₹-1.62 ₹-0.37 ₹0.56
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
GRANITE AND STONE DIVISION ₹9.09 Cr -₹6.03 Lakh ₹111.85 Cr ₹9.26 Cr
REALTY DIVISION ₹0 ₹0 ₹2.96 Cr ₹0
POWER GENERATION UNIT ₹45.94 Lakh ₹3.21 Cr ₹30.14 Cr ₹5.1 Cr
UNALLOCATED ₹0 ₹64,000 ₹12.25 Cr ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
GRANITE AND STONE DIVISION ₹29.66 Cr -₹41.72 Lakh - -
REALTY DIVISION ₹0 ₹0 - -
POWER GENERATION UNIT ₹2.68 Cr ₹4.37 Cr - -
UNALLOCATED ₹0 ₹1.92 Lakh - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Madhav Marbles And Granites Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Madhav Marbles And Granites Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 45.54%, domestic institutional investors hold 0.59%, retail and other public shareholders hold 53.87% of Madhav Marbles And Granites Limited. The company had 8,639 shareholders on record.

Promoters: 45.54%DII (Domestic Institutional): 0.59%Retail & Others: 53.87%
Mar 2026
QUARTER
45.54% Promoters
0.59% DII (Domestic Institutional)
53.87% Retail & Others
Promoter holding - history
Now 45.54% · Mar 2026High 45.54% · Mar 2026Low 37.41% · Mar 2018
36%38.8%41.5%44.3%47%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 38.26%Mar 2016: 38.50%Jun 2016: 38.16%Sep 2016: 38.16%Dec 2016: 38.01%Mar 2017: 37.93%Jun 2017: 37.49%Sep 2017: 37.60%Dec 2017: 37.60%Mar 2018: 37.41%Jun 2018: 37.41%Sep 2018: 37.76%Dec 2018: 38.23%Mar 2019: 38.68%Jun 2019: 38.73%Sep 2019: 39.39%Dec 2019: 39.61%Mar 2020: 40.35%Jun 2020: 40.35%Sep 2020: 40.50%Dec 2020: 40.90%Mar 2021: 40.98%Jun 2021: 41.06%Sep 2021: 40.98%Dec 2021: 41.34%Mar 2022: 42.10%Jun 2022: 42.22%Sep 2022: 42.22%Dec 2022: 42.43%Mar 2023: 42.59%Jun 2023: 42.77%Sep 2023: 42.81%Dec 2023: 42.66%Mar 2024: 43.47%Jun 2024: 43.50%Sep 2024: 43.50%Dec 2024: 43.50%Mar 2025: 43.89%Jun 2025: 44.19%Sep 2025: 44.59%Dec 2025: 45.20%Mar 2026: 45.54%37.41%45.54%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters45.54%45.20%44.59%44.19%43.89%43.50%
Public54.46%54.80%55.41%55.81%56.11%56.50%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters45.54%43.89%43.47%42.59%42.10%40.98%40.35%38.68%37.41%37.93%38.50%
Public54.46%56.11%56.53%57.41%57.90%59.02%59.65%61.32%62.59%62.07%61.50%
Promoter change (YoY, %pts)+1.65+0.42+0.88+0.49+1.12+0.63+1.67+1.27-0.52-0.57-

Board & Governance of Madhav Marbles And Granites Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Madhav Marbles And Granites Limited has 6 directors - 4 independent and 2 executive. The board is chaired by DEVENDRA MANCHANDA.

DirectorPositionOn board sinceListed boards
DEVENDRA MANCHANDA Non-Executive - Independent Director · Chairperson 2024-11-01 1
ARUMUGAM SIVADASAN Non-Executive - Independent Director 2024-04-05 1
MADHAV DOSHI Executive Director · CEO-MD 2018-05-01 2
RIDDHIMA DOSHI Executive Director 2021-02-01 1
PACHAMPET YEGNASWAMY VENKATARAMAN Non-Executive - Independent Director 2024-04-01 1
SURBHI YADAV Non-Executive - Independent Director 2025-04-01 1
Board Committees
CommitteeMembers
Audit Committee DEVENDRA MANCHANDA (Chairperson), ARUMUGAM SIVADASAN, RIDDHIMA DOSHI
Nomination and remuneration committee ARUMUGAM SIVADASAN, PACHAMPET YEGNASWAMY VENKATARAMAN (Chairperson), DEVENDRA MANCHANDA
Stakeholders Relationship Committee RIDDHIMA DOSHI, ARUMUGAM SIVADASAN (Chairperson), DEVENDRA MANCHANDA

Group Structure of Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited has 2 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Madhav Marbles And Granites Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Madhav Ashok Ventures Private Limited U14299RJ2019PTC066306 -
Madhav Natural Stone Surfaces Private Limited U51100RJ2018PTC062689 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Madhav Marbles And Granites Limited

Open charges
₹85.67 Cr
Satisfied charges
₹106.93 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹85.15 Cr
Others₹0.52 Cr
Latest charge details
DateLenderAmountStatus
18 Aug 2021 Others ₹52 Lakh Open
01 May 2019 Hdfc Bank Limited ₹43 Cr Open
30 Jun 2017 Hdfc Bank Limited ₹42.15 Cr Open
19 Jul 2008 State Bank of India ₹4.02 Cr Satisfied
20 Apr 2007 State Bank of Indore ₹15 Cr Satisfied

Total charge records: 19 View all charges

Employees and EPFO Compliance at Madhav Marbles And Granites Limited

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2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Madhav Marbles And Granites Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Madhav Marbles And Granites Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Madhav Marbles And Granites Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Madhav Marbles And Granites Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Madhav Marbles And Granites Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Madhav Marbles And Granites Limited

MSME Payment Delays by Madhav Marbles And Granites Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Madhav Marbles And Granites Limited

Subsidiaries & Group Companies of Madhav Marbles And Granites Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Madhav Marbles And Granites Limited

MCA Filings & Documents of Madhav Marbles And Granites Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Madhav Marbles And Granites Limited

Directors
01 Apr 2025
Surabhi Yadav was appointed as a Director on 01 Apr 2025 & has been associated with this company since 1 year 3 months.
Directors
01 Nov 2024
Devendra Manchanda was appointed as a Director on 01 Nov 2024 & has been associated with this company since 1 year 8 months.
Activity
30 Sep 2024
Madhav Marbles And Granites Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Directors
05 Apr 2024
Arumugam Sivadasan was appointed as a Director on 05 Apr 2024 & has been associated with this company since 2 years 3 months.
Directors
01 Apr 2024
Pachampet Yegnaswamy Venkataraman was appointed as a Director on 01 Apr 2024 & has been associated with this company since 2 years 3 months.
Activity
31 Mar 2024
Madhav Marbles And Granites Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.

Recent News on Madhav Marbles And Granites Limited

Frequently Asked Questions about Madhav Marbles And Granites Limited

Madhav Marbles And Granites Limited is an active public limited company in the manufacturing sector based in Udaipur, Rajasthan, India. It was incorporated on 07 April 1989 (37+ years old) and is registered under CIN L14101RJ1989PLC004903. Listed on BSE: 515093 and NSE: MADHAV.

Madhav Marbles And Granites Limited reported revenue of ₹34.02 Cr for FY 2025 (down 22.00% YoY).

The current directors of Madhav Marbles And Granites Limited are:

The primary industry of Madhav Marbles And Granites Limited is manufacturing. The company specifically operates in sanitaryware and tile. The company is currently active in this sector.

Yes. Madhav Marbles And Granites Limited is listed on both BSE (code: 515093) and NSE (symbol: MADHAV).

Madhav Marbles And Granites Limited can be reached at the registered office: First Floor Mumal Towers 16 Saheli Marg, Udaipur, Rajasthan, India – 313001, or through the website madhavmarbles.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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