What we do Madhav Marbles and Granites Ltd manufactures, processes, and trades granite and marble slabs and tiles, and generates wind power, primarily serving construction and interior decoration sectors. |
Founded in 1,989 |
Market share Not a market leader but established player in granite and marble processing with growing presence in engineered stone segment. |
Problem solved Provides durable, aesthetic natural stone solutions for flooring, walls, and interiors, addressing demand for quality construction materials. |
Top clients or who we serve B2B and B2C focus serving construction firms, real estate developers, and interior designers domestically and internationally. |
Key management - |
Our journey and innovations Incorporated in 1989; expanded processing capacities; introduced wind power generation; ventured into engineered stone via subsidiaries and joint ventures. |
Where we operate Primarily India (Rajasthan, Tamil Nadu) with exports and operations in Oman and Middle East markets. |
Top products or what we offer Granite and marble slabs and tiles, wind power from turbine generators, and real estate development services. |
Top brands No flagship brand names disclosed; known for quality granite and marble products and wind energy assets. |
Raw materials needed Natural granite and marble blocks and slabs; mineral deposits for engineered stone production. |
Raw materials supplier Suppliers are primarily natural stone quarries in India and imports as applicable. |
Recurring vs cyclical contribution Revenue is cyclical, linked to construction sector demand and export markets with some recurring income from power generation. |
Our industry position Established mid-sized player in natural stone processing with growing diversification into engineered stones and renewable energy segments. |
Financial highlights FY25 revenue approx. Rs. 310 million; standalone profit after tax Rs. 7.5 million; consolidated loss reflecting challenging market environment. |
Geographical revenue split Approximately 92% revenue from exports, 8% from domestic Indian markets. |
Order book - |
Whats driving growth Growth driven by strategic cost management, entry into domestic markets, diversification into engineered stone, and renewable energy focus. |
Our future plans Focus on operational efficiency, enhanced market adaptability, expansion in engineered stone production, and leveraging wind energy assets. |
Our green promise Operates wind turbine generators for captive renewable power consumption supporting sustainability goals. |
Our people and values Emphasizes ethical governance, compliance, and values employee dedication across operations. |
Key challenges ahead Global competition, subdued demand, pricing pressure, currency volatility, and geopolitical instability impacting profitability. |
Interesting facts Received Capexil Award for highest granite exports in 1999-2000; operates wind turbines generating 4 MW captive power. |
Risks and strategy Mitigates risks via cost controls, market diversification, operational reviews, and strong supplier relationships. |
