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Last Updated: April 2, 2026, 4:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526705 | NSE: ELEMARB

Elegant Marbles and Grani Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹139.29Fairly Valued by 9.55%vs CMP ₹154.00

P/E (12.0) × ROE (2.9%) × BV (₹492.00) × DY (0.65%)

₹219.36Undervalued by 42.44%vs CMP ₹154.00
MoS: +29.8% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 2 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹153.6625%Fair (-0.2%)
Graham NumberEarnings₹364.6218%Under (+136.8%)
Earnings PowerEarnings₹111.8012%Over (-27.4%)
DCFCash Flow₹201.4915%Under (+30.8%)
Net Asset ValueAssets₹490.288%Under (+218.4%)
EV/EBITDAEnterprise₹185.9410%Under (+20.7%)
Earnings YieldEarnings₹120.108%Over (-22%)
Revenue MultipleRevenue₹143.906%Fair (-6.6%)
Consensus (8 models)₹219.36100%Undervalued
Key Drivers: ROE 2.9% is below cost of equity. | Wide model spread (₹112–₹490) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.3%

*Investments are subject to market risks

Investment Snapshot

53
Elegant Marbles and Grani Industries Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 3.6% WeakROE 2.9% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 71.4% Stable
Earnings Quality55/100 · Moderate
OPM expanding (8% → 15%) ImprovingWorking capital: 357 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +6% YoY GrowingProfit (4Q): -21% YoY DecliningOPM: 12.1% (up 6.2% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 12.0 vs industry 36.5 Cheaper than peersROCE 3.6% vs industry 15.2% Below peersROE 2.9% vs industry 30.5% Below peers3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Elegant Marbles and Grani Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.0 vs Ind 36.5 | ROCE 3.6% | ROE 2.9% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 10.81x | Borrow/Reserve 0.00x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹5 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+3
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +31.5% | Q NP -8.3% | Q OPM -4.6 pp
Derived FieldValueHow it is derived
Valuation Gap %+42.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-68Latest shareholder count minus previous count
Quarterly Sales Change+31.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-8.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-4.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:32 am

Market Cap 45.8 Cr.
Current Price 154
Intrinsic Value₹219.36
High / Low 274/133
Stock P/E12.0
Book Value 492
Dividend Yield0.65 %
ROCE3.62 %
ROE2.93 %
Face Value 10.0
PEG Ratio1.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Elegant Marbles and Grani Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Elegant Marbles and Grani Industries Ltd 45.8 Cr. 154 274/13312.0 4920.65 %3.62 %2.93 % 10.0
Oriental Trimex Ltd 38.0 Cr. 5.17 17.6/4.215.67 13.40.00 %4.92 %7.12 % 10.0
Glittek Granites Ltd 102 Cr. 39.1 80.2/4.404.00 4.360.00 %115 %280 % 5.00
Pacific Industries Ltd 87.1 Cr. 126 243/11022.1 6430.00 %3.07 %1.71 % 10.0
Pokarna Ltd 2,696 Cr. 870 1,160/69323.7 2620.07 %28.4 %27.4 % 2.00
Industry Average998.33 Cr123.3636.48180.540.48%15.18%30.50%8.09

All Competitor Stocks of Elegant Marbles and Grani Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 8.9310.607.768.599.718.176.6410.385.086.446.828.1710.74
Expenses 7.888.786.206.828.568.365.407.444.786.615.696.819.44
Operating Profit 1.051.821.561.771.15-0.191.242.940.30-0.171.131.361.30
OPM % 11.76%17.17%20.10%20.61%11.84%-2.33%18.67%28.32%5.91%-2.64%16.57%16.65%12.10%
Other Income -0.12-0.10-0.290.720.630.600.490.550.670.830.310.530.44
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.070.080.110.090.140.170.150.230.320.320.320.320.32
Profit before tax 0.861.641.162.401.640.241.583.260.650.341.121.571.42
Tax % 39.53%32.32%39.66%21.25%25.00%12.50%24.68%21.47%10.77%-20.59%25.00%22.93%21.13%
Net Profit 0.521.110.701.901.240.211.182.550.570.400.841.211.11
EPS in Rs 1.423.752.366.414.180.713.988.611.921.352.834.083.75

Last Updated: March 3, 2026, 10:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:45 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 25.3026.6030.2628.4724.0419.6610.289.2627.8235.6533.9928.5332.17
Expenses 23.9425.7729.1326.9523.1118.5311.5812.6026.3331.6729.4824.0328.55
Operating Profit 1.360.831.131.520.931.13-1.30-3.341.493.984.514.503.62
OPM % 5.38%3.12%3.73%5.34%3.87%5.75%-12.65%-36.07%5.36%11.16%13.27%15.77%11.25%
Other Income 4.185.567.026.364.483.052.932.691.840.541.452.342.11
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.140.210.200.190.170.280.130.130.200.300.501.031.28
Profit before tax 5.406.187.957.695.243.901.50-0.783.134.225.465.814.45
Tax % 9.26%13.75%18.24%22.63%16.60%16.15%1.33%0.00%14.06%27.96%25.64%19.10%
Net Profit 4.915.326.495.954.373.271.47-0.792.693.044.054.703.56
EPS in Rs 10.9111.8214.4213.2211.948.934.02-2.167.3510.2613.6715.8612.01
Dividend Payout % 18.33%16.92%13.87%0.00%0.00%0.00%0.00%0.00%37.42%39.73%20.10%6.30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)8.35%21.99%-8.32%-26.55%-25.17%-55.05%-153.74%440.51%13.01%33.22%16.05%
Change in YoY Net Profit Growth (%)0.00%13.64%-30.31%-18.23%1.38%-29.87%-98.70%594.25%-427.50%20.21%-17.17%

Elegant Marbles and Grani Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:23%
3 Years:1%
TTM:-13%
Compounded Profit Growth
10 Years:1%
5 Years:33%
3 Years:14%
TTM:2%
Stock Price CAGR
10 Years:12%
5 Years:28%
3 Years:22%
1 Year:-14%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:4%
Last Year:3%

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: February 1, 2026, 4:44 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.504.504.504.503.663.663.663.663.663.662.962.962.96
Reserves 49.2453.3758.7785.4483.6986.9866.0587.76101.84102.30126.47142.28142.85
Borrowings 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Liabilities 7.9311.3311.1412.0011.793.722.112.663.167.405.275.809.05
Total Liabilities 61.6769.2074.41101.9499.1494.3671.8294.08108.66113.36134.70151.04154.86
Fixed Assets 1.100.741.080.960.841.030.920.852.141.954.849.208.61
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 44.0250.0558.8684.5578.1872.4250.2668.0976.9083.9998.49101.62103.57
Other Assets 16.5518.4114.4716.4320.1220.9120.6425.1429.6227.4231.3740.2242.68
Total Assets 61.6769.2074.41101.9499.1494.3671.8294.08108.66113.36134.70151.04154.86

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -3.172.464.08-1.63-4.51-8.84-1.74-7.09-2.754.99-6.05-4.58
Cash from Investing Activity + 0.96-1.42-2.751.3622.048.272.557.854.35-5.9341.808.87
Cash from Financing Activity + -1.05-1.05-1.080.00-17.220.000.000.000.00-1.01-34.14-0.81
Net Cash Flow -3.26-0.010.25-0.270.31-0.560.810.761.60-1.941.603.48
Free Cash Flow -3.192.593.54-1.70-4.55-9.32-1.76-7.16-4.234.88-9.43-9.97
CFO/OP -233%430%579%7%-252%-660%101%208%-69%162%-15%11%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow1.360.831.131.520.931.13-1.30-3.341.493.984.514.50

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 22.3624.0116.0416.2819.1325.8124.1450.0645.9241.0614.8220.47
Inventory Days 225.53209.56148.75177.74307.36493.80865.21881.38303.20289.00467.90903.59
Days Payable 94.22137.40133.19167.73172.4929.729.701.052.792.5814.5138.34
Cash Conversion Cycle 153.6796.1831.6126.29153.99489.89879.65930.38346.33327.47468.22885.72
Working Capital Days 98.5470.948.4425.6484.27283.13545.37748.92274.73186.85245.59357.32
ROCE %8.38%7.76%8.22%10.04%5.91%3.54%1.22%-1.85%3.20%5.50%5.53%3.62%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.71%71.71%71.71%71.71%71.36%71.36%71.36%71.36%71.36%71.36%71.36%71.36%
DIIs 0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 28.28%28.30%28.30%28.29%28.63%28.63%28.63%28.64%28.63%28.64%28.63%28.64%
No. of Shareholders 1,1351,1851,1933,4072,5142,4392,3922,3712,3542,3112,3162,248

Shareholding Pattern Chart

No. of Shareholders

Elegant Marbles and Grani Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 15.8711.428.307.35-2.15
Diluted EPS (Rs.) 15.8711.428.307.35-2.15
Cash EPS (Rs.) 19.3415.389.127.89-1.78
Book Value[Excl.RevalReserv]/Share (Rs.) 490.17436.83289.50288.24249.79
Book Value[Incl.RevalReserv]/Share (Rs.) 490.17436.83289.50288.24249.79
Dividend / Share (Rs.) 1.002.753.302.750.00
Revenue From Operations / Share (Rs.) 96.30115.5197.4076.0025.29
PBDIT / Share (Rs.) 23.0923.2416.479.10-1.78
PBIT / Share (Rs.) 19.6321.5415.658.56-2.14
PBT / Share (Rs.) 19.6318.4111.538.56-2.14
Net Profit / Share (Rs.) 15.8713.688.307.34-2.15
PBDIT Margin (%) 23.9720.1116.9011.97-7.02
PBIT Margin (%) 20.3818.6416.0611.26-8.47
PBT Margin (%) 20.3815.9411.8311.26-8.47
Net Profit Margin (%) 16.4811.838.529.66-8.49
Return on Networth / Equity (%) 3.233.132.862.54-0.85
Return on Capital Employeed (%) 3.974.895.372.96-0.85
Return On Assets (%) 3.113.002.682.47-0.83
Asset Turnover Ratio (%) 0.190.270.320.270.11
Current Ratio (X) 8.586.964.029.7510.81
Quick Ratio (X) 2.131.541.364.033.14
Inventory Turnover Ratio (X) 1.050.060.080.000.00
Dividend Payout Ratio (NP) (%) 17.3229.8033.120.000.00
Dividend Payout Ratio (CP) (%) 14.2226.5030.150.000.00
Earning Retention Ratio (%) 82.6870.2066.880.000.00
Cash Earning Retention Ratio (%) 85.7873.5069.850.000.00
Enterprise Value (Cr.) 61.4569.4336.9936.5137.20
EV / Net Operating Revenue (X) 2.152.031.041.314.02
EV / EBITDA (X) 8.9810.086.1410.96-57.19
MarketCap / Net Operating Revenue (X) 2.412.141.101.454.27
Retention Ratios (%) 82.6770.1966.870.000.00
Price / BV (X) 0.470.560.360.380.43
Price / Net Operating Revenue (X) 2.412.141.101.454.27
EarningsYield 0.060.050.070.06-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Elegant Marbles & Grani Industries Ltd. is a Public Limited Listed company incorporated on 05/11/1984 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L14101RJ1984PLC003134 and registration number is 003134. Currently Company is involved in the business activities of Cutting, shaping and finishing of stone. Company's Total Operating Revenue is Rs. 28.53 Cr. and Equity Capital is Rs. 2.96 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Granites/MarblesE 7/9, RIICO Industrial Area, Sirohi Rajasthan 307026Contact not found
Management
NamePosition Held
Mr. Rajesh AgrawalChairman & Managing Director
Mr. Rakesh AgrawalManaging Director
Mr. Ayush BaglaIndependent Director
Mr. Jayesh DadiaIndependent Director
Ms. Yogita AgrawalNon Executive Woman Director
Mr. Ketan ChokshiAddnl. & Ind.Director

FAQ

What is the intrinsic value of Elegant Marbles and Grani Industries Ltd and is it undervalued?

As of 05 April 2026, Elegant Marbles and Grani Industries Ltd's intrinsic value is ₹219.36, which is 42.44% higher than the current market price of ₹154.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.93 %), book value (₹492), dividend yield (0.65 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Elegant Marbles and Grani Industries Ltd?

Elegant Marbles and Grani Industries Ltd is trading at ₹154.00 as of 05 April 2026, with a FY2026-2027 high of ₹274 and low of ₹133. The stock is currently near its 52-week low. Market cap stands at ₹45.8 Cr..

How does Elegant Marbles and Grani Industries Ltd's P/E ratio compare to its industry?

Elegant Marbles and Grani Industries Ltd has a P/E ratio of 12.0, which is below the industry average of 36.48. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Elegant Marbles and Grani Industries Ltd financially healthy?

Key indicators for Elegant Marbles and Grani Industries Ltd: ROCE of 3.62 % is on the lower side compared to the industry average of 15.18%; ROE of 2.93 % is below ideal levels (industry average: 30.50%). Dividend yield is 0.65 %.

Is Elegant Marbles and Grani Industries Ltd profitable and how is the profit trend?

Elegant Marbles and Grani Industries Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹29 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Elegant Marbles and Grani Industries Ltd pay dividends?

Elegant Marbles and Grani Industries Ltd has a dividend yield of 0.65 % at the current price of ₹154.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Elegant Marbles and Grani Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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