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Marble City India Ltd (MARBLE) · mywealthgrid

About

Marble City India Ltd operates in construction materials within the Materials sector. Quarterly revenues have been volatile, ranging from ₹4.33 Cr to ₹25.36 Cr across recent periods ending Mar 2025. Market cap is ₹308.55 Cr, with public shareholders holding 58.87% of equity.

Face value: ₹5

Market cap

₹423 Cr

P/E

177.6×

P/B

6.1×

Dividend yield

ROE

6.6%

ROCE

14.6%

Debt / equity

1.52

OPM

25.3%

EPS (TTM)

₹0.9

Book value

₹27.0

52-week high

₹177.0

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue and profit volatility: ranged from ₹4.33 Cr to ₹25.36 Cr and from losses to ₹4.56 Cr profit (Dec 2023–Mar 2025); verify whether driven by business model risk, operational execution, or sector cyclicality.
High leverage (D/E 2.11) against unstable earnings: debt servicing burden rises sharply during revenue downturns; verify covenant headroom and refinancing flexibility.
Operating margins highly volatile (–38.56% to 44.6%): suggests either thin structural margins or revenue concentration; clarify the sustainable run rate.
ROE unavailable: obscures capital efficiency assessment; verify whether due to recent losses, low equity base, or data gaps.

Generated analysis · source review pending

Growth drivers

Revenue recovery from ₹4.33 Cr (Dec 2023) to ₹25.36 Cr (Mar 2025); if sustained, would meaningfully improve company scale and debt serviceability.
Returned to profitability (₹4.56 Cr net profit, Mar 2025) after three consecutive quarters of losses; if maintained, supports improved EPS trajectory.
Operating margin expanded to 44.6% (Mar 2025) vs. historical average 21.89%; verify whether reflects structural improvement or one-off.

Generated analysis · source review pending

₹166.0+11.1%1Y

Beta

0.14

Damps index moves

Volatility (1y)

54.4%

Annualised, daily returns

RSI (14)

64.6

Neither overbought nor oversold

Rel. strength (1y)

4.1%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Healthy operating margin of 25.3%
+Profit CAGR of 77.4% over the last 3 years

Cons

−Low return on equity of 1.7% (3-yr avg)
−Heavily leveraged (debt/equity 1.5)
−Weak interest coverage of 1.4×
−Expensive at 177.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

45/100

Business quality: 27
Growth: 67
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ramco Industries LimitedRAMCOINDRAMCOIND	₹2,624 Cr	₹2,793 Cr	₹1,870 Cr	₹269 Cr	13%	₹327 Cr	17.1%	4.7%	7%	242
Glass Wall Systems (India) LimitedGLASSWALLGLASSWALL	₹2,378 Cr	₹2,384 Cr	₹457 Cr	₹105 Cr	23%	₹84 Cr	18.3%	50.4%	38.6%	—
Arisinfra Solutions LimitedARISARIS	₹1,134 Cr	₹1,189 Cr	₹1,146 Cr	₹113 Cr	9.4%	₹66 Cr	5.7%	21.4%	10.9%	71
Birlanu LimitedBIRLANUBIRLANU	₹1,043 Cr	₹1,896 Cr	₹3,852 Cr	₹43 Cr	0.3%	₹-109 Cr	-3.2%	-4.9%	-10.3%	62
Everest Industries LimitedEVERESTINDEVERESTIND	₹756 Cr	₹884 Cr	₹1,352 Cr	₹-10 Cr	-2.7%	₹-1 Cr	-7.2%	-9%	-18.6%	97
Midwest Gold LtdREMAGNETREMAGNET	₹488 Cr	₹584 Cr	₹4 Cr	₹6 Cr	-8.3%	₹3 Cr	11.5%	2%	1.1%	369
Marble City India LtdMARBLEMARBLE	₹423 Cr	₹528 Cr	₹59 Cr	₹13 Cr	25.3%	₹2 Cr	5.5%	14.6%	6.6%	661
Sahyadri Industries LimitedSAHYADRISAHYADRI	₹388 Cr	₹404 Cr	₹723 Cr	₹80 Cr	9%	₹45 Cr	4.3%	10.6%	7.4%	142
Om Galaxy LtdOMGOMG	₹303 Cr	—	—	—	—	—	—	—	—	—
Glittek Granites LtdGLITTEKGGLITTEKG	₹208 Cr	₹208 Cr	₹2 Cr	₹-22 Cr	—	₹7 Cr	-780%	-3.4%	-3.5%	0
Nidhi Granites LtdNIDHGRNNIDHGRN	₹196 Cr	₹197 Cr	₹65 Cr	₹12 Cr	18.9%	₹8 Cr	11.8%	56.6%	41%	67
Divyashakti LtdDIVSHKTDIVSHKT	₹70 Cr	₹75 Cr	₹57 Cr	₹9 Cr	-1.5%	₹6 Cr	3%	0.8%	0.5%	1,145

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	60	46	56	53	53	45	75	114	46	59	79
COGS	5	-36	-44	-38	-39	33	58	95	33	36	50
Gross profit	56	—	—	—	—	12	17	19	13	23	29
	52	79	96	87	87	7	12	11	11	10	9
	4	3	4	5	5	5	6	7	2	13	20
OPM %	6.2%	6.9%	7.9%	8.8%	8.7%	10.2%	7.4%	6.4%	4.8%	21.9%	25.3%
Depreciation	1	0	1	1	1	1	1	1	1	3	3
Interest	2	2	3	3	3	4	4	6	9	12	14
	—	—	0	0	0	0	0	0	5	6	3
Profit before tax	1	1	1	1	1	0	1	1	-2	3	6
Tax	0	0	1	1	0	0	0	0	-1	1	2
Tax %	38.1%	39%	89.4%	50%	39.5%	233.3%	31.7%	34.2%	-21.1%	24.4%	26.9%
	1	0	0	1	0	-0	1	1	-2	2	4
PAT margin %	1.1%	1%	0.2%	1%	0.9%	-0.1%	0.8%	0.7%	-4.3%	4%	5.5%
EPS (₹)	1.4	—	0.3	—	0.6	-0	0.5	0.7	-1.6	1	1.7
EPS adjusted (₹)	—	—	—	—	—	-0	0.5	0.6	-1.6	1	1.7
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	12	13
Reserves	22	23	24	22	49	56
	45	52	62	91	91	105
	23	22	19	10	24	31
Total equity & liabilities	96	103	111	128	175	205
	10	9	13	15	23	19
CWIP	1	3	0	0	0	0
Investments	0	0	0	0	0	10
	85	91	98	113	152	176
Total assets	96	103	111	128	175	205

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	0	-3	-14	-22	5
	-1	-2	-2	-3	2	-7
	-1	3	5	19	19	3
Net cash flow	1	1	0	2	-2	1
Free cash flow	2	-2	-5	-17	-22	5
CFO / Operating profit %	64.8%	5.7%	-43.2%	-649.1%	-168.5%	25%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	26.1%	22.8%	16.5%	28.3%	39.5%	36.4%
EBITDA margin %	8.8%	8.7%	10.2%	7.4%	6.4%	4.8%	21.9%	25.3%
EBIT margin %	7.7%	7.6%	8.2%	6.4%	5.7%	2.7%	16.4%	21.6%
PAT margin %	1%	0.9%	-0.1%	0.8%	0.7%	-4.3%	4%	5.5%
Working capital
Receivable days	—	—	183	96	47	5	125	88
Inventory days	—	—	551	350	252	808	843	657
Payable days	—	—	175	85	47	39	48	85
NWC days	—	—	560	361	252	774	921	661
Leverage
Current ratio	—	—	1.81	1.95	2.29	2.34	2.96	2.92
Debt to EBITDA	—	—	9.78	9.31	8.55	41.24	7.06	5.29
Debt to equity	—	—	1.59	1.8	2.11	3.29	1.51	1.52
Interest coverage	1.3	1.2	1	1.2	1.2	0.7	1.3	1.4
Asset turnover	—	—	0.47	0.73	1.02	0.36	0.34	0.38
Return ratios
Return on assets %	—	—	-0%	0.5%	0.7%	-1.5%	1.4%	2.1%
Return on capital employed %	—	—	8%	9.5%	10.7%	8.5%	15.2%	14.6%
Return on equity %	—	—	-0.1%	1.9%	2.6%	-7.1%	3.9%	6.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.29%	32.29%	32.29%	32.29%	37.23%	37.23%	37.23%	35.82%	35.83%	35.45%	40.2%	40%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	2.43%	2.43%	2.43%	2.43%	1.29%	1.29%	1.29%	1.24%	1.24%	1.23%	1.14%	1.13%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	65.28%	65.28%	65.28%	65.28%	61.48%	61.48%	61.48%	62.94%	62.93%	63.32%	58.66%	58.87%
No. of shareholders	—	—	—	—	—	—	—	—	2,504	2,437	2,397	2,438

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Marble City India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹514 Oct 2019 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

24 Jul 2026, 4:40 pmOthers

Board Meeting Outcome for Conversion Of Warrants Into Equity Shares

Outcome without intimation PDF

13 Jul 2026, 3:18 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

4 Jul 2026, 12:31 pmCompany Update

Clarification On Price Movement

General PDF

Date	Category	Subject	Filing
24 Jul 2026, 4:40 pm	Others Outcome without intimation	Board Meeting Outcome for Conversion Of Warrants Into Equity Shares	PDF
13 Jul 2026, 3:18 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

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18 deals · 9 Sept 2024 – 10 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Sept 2026	SALSETT VINIMAY PRIVATE LIMITED	Bulk	BSE	Buy	22,00,000	₹117.00	₹25.74 Cr
10 Sept 2026	VPS CONSTRUCTIONS PRIVATE LIMITED	Block	BSE	Sell	22,00,000	₹117.00	₹25.74 Cr
10 Sept 2026	SALSETT VINIMAY PRIVATE LIMITED	Block	BSE	Buy	22,00,000	₹117.00	₹25.74 Cr
10 Sept 2026	VPS CONSTRUCTIONS PRIVATE LIMITED	Bulk	BSE	Sell	22,00,000	₹117.00	₹25.74 Cr
9 Sept 2026	RISHI KAJARIA	Bulk	BSE	Sell	2,60,000	₹125.27	₹3.26 Cr
7 Sept 2026	PSH CONSTRUCTIONS PRIVATE LIMITED	Bulk	BSE	Sell	1,60,800	₹110.32	₹1.77 Cr
7 Sept 2026	RONAK SUDHIR JOSHI	Bulk	BSE	Buy	1,47,000	₹110.53	₹1.62 Cr
4 Sept 2026	VPS CONSTRUCTIONS PRIVATE LIMITED	Bulk	BSE	Sell	4,00,400	₹102.63	₹4.11 Cr
4 Sept 2026	SALSETT VINIMAY PRIVATE LIMITED	Bulk	BSE	Buy	3,89,887	₹102.61	₹4.00 Cr
2 Sept 2026	PSH CONSTRUCTIONS PRIVATE LIMITED	Bulk	BSE	Sell	1,51,249	₹110.59	₹1.67 Cr

1–10 of 18

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Marble City India Ltd

Marble City India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

1

Announcements

Not in the F&O segment

Announcements

Annual reports

1

1

No fund holdings on record

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Marble City India Ltd

Marble City India Ltd

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

Announcements

Annual reports

Board meetings1

Stock splits1

No fund holdings on record

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1

1

1