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

Q: 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 204.00 as of 06 May 2026, with a FY2026-2027 high of 274 and low of 133. The stock is currently in the middle of its 52-week range. Market cap stands at 60.3 Cr..

Q: Is Elegant Marbles and Grani Industries Ltd financially healthy?

Key indicators: ROCE of 3.62 % is on the lower side. Dividend yield is 0.49 %.

Fair Value

₹183.11Overvalued by 10.24%vs CMP ₹204.00

P/E (15.8) × ROE (2.9%) × BV (₹492.00) × DY (0.49%)

₹231.87Undervalued by 13.66%vs CMP ₹204.00

MoS: +12% (Thin)Confidence: 37/100 (Low)Models: 2 Under, 3 Fair, 3 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹202.00	25%	Fair (-1%)
Graham Number	Earnings	₹364.62	18%	Under (+78.7%)
Earnings Power	Earnings	₹112.49	12%	Over (-44.9%)
DCF	Cash Flow	₹202.73	15%	Fair (-0.6%)
Net Asset Value	Assets	₹493.29	8%	Under (+141.8%)
EV/EBITDA	Enterprise	₹187.08	10%	Fair (-8.3%)
Earnings Yield	Earnings	₹120.10	8%	Over (-41.1%)
Revenue Multiple	Revenue	₹144.78	6%	Over (-29%)
Consensus (8 models)		₹231.87	100%	Undervalued

Key Drivers: ROE 2.9% is below cost of equity. | Wide model spread (₹112–₹493) — 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

Analyst Summary

Elegant Marbles and Grani Industries Ltd operates in the Granites/Marbles segment, NSE: ELEMARB | BSE: 526705, current market price is ₹204.00, market cap is 60.3 Cr.. At a glance, stock P/E is 15.8, ROE is 2.93 %, ROCE is 3.62 %, book value is 492, dividend yield is 0.49 %. The latest intrinsic value estimate is ₹231.87, which is about 13.7% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹29 Cr versus the prior period change of -16.1%, while latest net profit is about ₹5 Cr with a prior-period change of 16.0%. The 52-week range shown on this page is 274/133, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisElegant 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…

This summary is generated from the stock page data available for Elegant Marbles and Grani Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

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 15.8 vs industry 39.6 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.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 2:48 am

Market Cap	60.3 Cr.
Current Price	204
Intrinsic Value	₹231.87
High / Low	274/133
Stock P/E	15.8
Book Value	492
Dividend Yield	0.49 %
ROCE	3.62 %
ROE	2.93 %
Face Value	10.0
PEG Ratio	1.53

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

Stock P/E Current Price Intrinsic Value

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	60.3 Cr.	204	274/133	15.8	492	0.49 %	3.62 %	2.93 %	10.0
Pokarna Ltd	2,667 Cr.	864	1,147/693	23.4	262	0.07 %	28.4 %	27.4 %	2.00
Oriental Trimex Ltd	51.1 Cr.	6.93	17.6/4.21	7.62	13.4	0.00 %	4.92 %	7.12 %	10.0
Pacific Industries Ltd	100.0 Cr.	145	239/110	25.4	643	0.00 %	3.07 %	1.71 %	10.0
Glittek Granites Ltd	121 Cr.	46.5	80.2/5.10	4.76	4.36	0.00 %	115 %	280 %	5.00
Industry Average	1,011.33 Cr	132.58		39.58	180.54	0.44%	15.18%	30.50%	8.09

All Competitor Stocks of Elegant Marbles and Grani Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	8.93	10.60	7.76	8.59	9.71	8.17	6.64	10.38	5.08	6.44	6.82	8.17	10.74
Expenses	7.88	8.78	6.20	6.82	8.56	8.36	5.40	7.44	4.78	6.61	5.69	6.81	9.44
Operating Profit	1.05	1.82	1.56	1.77	1.15	-0.19	1.24	2.94	0.30	-0.17	1.13	1.36	1.30
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	-0.29	0.72	0.63	0.60	0.49	0.55	0.67	0.83	0.31	0.53	0.44
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.07	0.08	0.11	0.09	0.14	0.17	0.15	0.23	0.32	0.32	0.32	0.32	0.32
Profit before tax	0.86	1.64	1.16	2.40	1.64	0.24	1.58	3.26	0.65	0.34	1.12	1.57	1.42
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	0.52	1.11	0.70	1.90	1.24	0.21	1.18	2.55	0.57	0.40	0.84	1.21	1.11
EPS in Rs	1.42	3.75	2.36	6.41	4.18	0.71	3.98	8.61	1.92	1.35	2.83	4.08	3.75

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	25.30	26.60	30.26	28.47	24.04	19.66	10.28	9.26	27.82	35.65	33.99	28.53	32.17
Expenses	23.94	25.77	29.13	26.95	23.11	18.53	11.58	12.60	26.33	31.67	29.48	24.03	28.55
Operating Profit	1.36	0.83	1.13	1.52	0.93	1.13	-1.30	-3.34	1.49	3.98	4.51	4.50	3.62
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	4.18	5.56	7.02	6.36	4.48	3.05	2.93	2.69	1.84	0.54	1.45	2.34	2.11
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.14	0.21	0.20	0.19	0.17	0.28	0.13	0.13	0.20	0.30	0.50	1.03	1.28
Profit before tax	5.40	6.18	7.95	7.69	5.24	3.90	1.50	-0.78	3.13	4.22	5.46	5.81	4.45
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	4.91	5.32	6.49	5.95	4.37	3.27	1.47	-0.79	2.69	3.04	4.05	4.70	3.56
EPS in Rs	10.91	11.82	14.42	13.22	11.94	8.93	4.02	-2.16	7.35	10.26	13.67	15.86	12.01
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

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	4.50	4.50	4.50	4.50	3.66	3.66	3.66	3.66	3.66	3.66	2.96	2.96	2.96
Reserves	49.24	53.37	58.77	85.44	83.69	86.98	66.05	87.76	101.84	102.30	126.47	142.28	142.85
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	7.93	11.33	11.14	12.00	11.79	3.72	2.11	2.66	3.16	7.40	5.27	5.80	9.05
Total Liabilities	61.67	69.20	74.41	101.94	99.14	94.36	71.82	94.08	108.66	113.36	134.70	151.04	154.86
Fixed Assets	1.10	0.74	1.08	0.96	0.84	1.03	0.92	0.85	2.14	1.95	4.84	9.20	8.61
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	44.02	50.05	58.86	84.55	78.18	72.42	50.26	68.09	76.90	83.99	98.49	101.62	103.57
Other Assets	16.55	18.41	14.47	16.43	20.12	20.91	20.64	25.14	29.62	27.42	31.37	40.22	42.68
Total Assets	61.67	69.20	74.41	101.94	99.14	94.36	71.82	94.08	108.66	113.36	134.70	151.04	154.86

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-3.17	2.46	4.08	-1.63	-4.51	-8.84	-1.74	-7.09	-2.75	4.99	-6.05	-4.58
Cash from Investing Activity +	0.96	-1.42	-2.75	1.36	22.04	8.27	2.55	7.85	4.35	-5.93	41.80	8.87
Cash from Financing Activity +	-1.05	-1.05	-1.08	0.00	-17.22	0.00	0.00	0.00	0.00	-1.01	-34.14	-0.81
Net Cash Flow	-3.26	-0.01	0.25	-0.27	0.31	-0.56	0.81	0.76	1.60	-1.94	1.60	3.48
Free Cash Flow	-3.19	2.59	3.54	-1.70	-4.55	-9.32	-1.76	-7.16	-4.23	4.88	-9.43	-9.97
CFO/OP	-233%	430%	579%	7%	-252%	-660%	101%	208%	-69%	162%	-15%	11%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	1.36	0.83	1.13	1.52	0.93	1.13	-1.30	-3.34	1.49	3.98	4.51	4.50

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	22.36	24.01	16.04	16.28	19.13	25.81	24.14	50.06	45.92	41.06	14.82	20.47
Inventory Days	225.53	209.56	148.75	177.74	307.36	493.80	865.21	881.38	303.20	289.00	467.90	903.59
Days Payable	94.22	137.40	133.19	167.73	172.49	29.72	9.70	1.05	2.79	2.58	14.51	38.34
Cash Conversion Cycle	153.67	96.18	31.61	26.29	153.99	489.89	879.65	930.38	346.33	327.47	468.22	885.72
Working Capital Days	98.54	70.94	8.44	25.64	84.27	283.13	545.37	748.92	274.73	186.85	245.59	357.32
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

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	1,135	1,185	1,193	3,407	2,514	2,439	2,392	2,371	2,354	2,311	2,316	2,248

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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	15.87	11.42	8.30	7.35	-2.15
Diluted EPS (Rs.)	15.87	11.42	8.30	7.35	-2.15
Cash EPS (Rs.)	19.34	15.38	9.12	7.89	-1.78
Book Value[Excl.RevalReserv]/Share (Rs.)	490.17	436.83	289.50	288.24	249.79
Book Value[Incl.RevalReserv]/Share (Rs.)	490.17	436.83	289.50	288.24	249.79
Dividend / Share (Rs.)	1.00	2.75	3.30	2.75	0.00
Revenue From Operations / Share (Rs.)	96.30	115.51	97.40	76.00	25.29
PBDIT / Share (Rs.)	23.09	23.24	16.47	9.10	-1.78
PBIT / Share (Rs.)	19.63	21.54	15.65	8.56	-2.14
PBT / Share (Rs.)	19.63	18.41	11.53	8.56	-2.14
Net Profit / Share (Rs.)	15.87	13.68	8.30	7.34	-2.15
PBDIT Margin (%)	23.97	20.11	16.90	11.97	-7.02
PBIT Margin (%)	20.38	18.64	16.06	11.26	-8.47
PBT Margin (%)	20.38	15.94	11.83	11.26	-8.47
Net Profit Margin (%)	16.48	11.83	8.52	9.66	-8.49
Return on Networth / Equity (%)	3.23	3.13	2.86	2.54	-0.85
Return on Capital Employeed (%)	3.97	4.89	5.37	2.96	-0.85
Return On Assets (%)	3.11	3.00	2.68	2.47	-0.83
Asset Turnover Ratio (%)	0.19	0.27	0.32	0.27	0.11
Current Ratio (X)	8.58	6.96	4.02	9.75	10.81
Quick Ratio (X)	2.13	1.54	1.36	4.03	3.14
Inventory Turnover Ratio (X)	1.05	0.06	0.08	0.00	0.00
Dividend Payout Ratio (NP) (%)	17.32	29.80	33.12	0.00	0.00
Dividend Payout Ratio (CP) (%)	14.22	26.50	30.15	0.00	0.00
Earning Retention Ratio (%)	82.68	70.20	66.88	0.00	0.00
Cash Earning Retention Ratio (%)	85.78	73.50	69.85	0.00	0.00
Enterprise Value (Cr.)	61.45	69.43	36.99	36.51	37.20
EV / Net Operating Revenue (X)	2.15	2.03	1.04	1.31	4.02
EV / EBITDA (X)	8.98	10.08	6.14	10.96	-57.19
MarketCap / Net Operating Revenue (X)	2.41	2.14	1.10	1.45	4.27
Retention Ratios (%)	82.67	70.19	66.87	0.00	0.00
Price / BV (X)	0.47	0.56	0.36	0.38	0.43
Price / Net Operating Revenue (X)	2.41	2.14	1.10	1.45	4.27
EarningsYield	0.06	0.05	0.07	0.06	-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.

INDUSTRY	ADDRESS	CONTACT
Granites/Marbles	E 7/9, RIICO Industrial Area, Sirohi Rajasthan 307026	Contact not found

Management
Name	Position Held
Mr. Rajesh Agrawal	Chairman & Managing Director
Mr. Rakesh Agrawal	Managing Director
Mr. Ayush Bagla	Independent Director
Mr. Jayesh Dadia	Independent Director
Ms. Yogita Agrawal	Non Executive Woman Director
Mr. Ketan Chokshi	Addnl. & Ind.Director

FAQ

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

As of 06 May 2026, Elegant Marbles and Grani Industries Ltd's intrinsic value is ₹231.87, which is 13.66% higher than the current market price of ₹204.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.93 %), book value (₹492), dividend yield (0.49 %), 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 ₹204.00 as of 06 May 2026, with a FY2026-2027 high of ₹274 and low of ₹133. The stock is currently in the middle of its 52-week range. Market cap stands at ₹60.3 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 15.8, which is below the industry average of 39.58. 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 0.49 %.

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 0.49 % at the current price of ₹204.00. The company pays dividends, though the yield is modest.