BSE: 531281
MARBLE CITY INDIA LIMITED
Operates in a single business segment of marble and stone surfaces, generating ₹97.21 crore in consolidated revenue for FY26. The company is classified under construction materials and other construction materials, with its registered office in New Delhi and listing on BSE. Consolidated revenue grew 82% year-on-year in FY26, while net profit after tax rose 272% to ₹8.86 crore, with an EBITDA margin of 30.04%. The business is carried out through the parent entity and its subsidiary, Mega Surfaces and Lifestyle Private Limited, which is consolidated in the financials. Materials account for 76% of revenue, making raw stone/marble the dominant cost input, followed by employees at 5.6% and other operating expenses at 5.0%. Finance costs of ₹1,423.84 lakhs in FY26 indicate a meaningful debt load. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Marble and stone surfaces (100%). Single-segment construction materials business in marble and stone surfaces.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 97 |
| EBITDA (ex other income) | 26 |
| margin % | 27.1 |
| Owners' profit | 7 |
| EPS, as reported (₹) | 2.79 |
| ROE % · ROCE % | 9.5 · 15.4 |
| Debt / equity (x) | 1.25 |
| Cash from operations | (20) |
| Capex | (2) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 20 | 25 | 18 | 34 |
| Profit before tax | 3 | 4 | 2 | 3 |
| Net profit | 2 | 3 | 2 | 2 |
| EPS (₹) | 0.82 | 1.08 | 0.42 | 0.65 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| RAMCO INDUSTRIES LIMITED | 2,504 | 7.6 | 0.55 | 10.0 | 6.8 | 4.3 | 8.2 | 19.2 |
| ARISINFRA SOLUTIONS LTD | 1,159 | 16.6 | 1.54 | 10.1 | 8.0 | 10.2 | — | 12.0 |
| BIRLANU LIMITED | 946 | — | 0.85 | 16.9 | (10.8) | (6.5) | 4.2 | 6.8 |
| EVEREST INDUSTRIES LTD | 766 | — | 1.55 | — | (20.6) | (16.0) | 3.1 | 31.7 |
| MARBLE CITY INDIA LIMITED ◆ | 393 | 51.9 | 4.21 | 17.3 | 9.5 | 7.0 | — | 23.5 |
| SAHYADRI INDUSTRIES LTD | 350 | 7.8 | 0.86 | — | 7.1 | 9.4 | — | 16.1 |
| MIDWEST ENERGY LIMITED | 348 | 221.9 | 0.87 | — | (3.5) | (2.3) | — | 19.4 |
| GLITTEK GRANITES LTD. | 199 | 226.9 | 18.19 | — | (3.6) | (3.6) | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 51.9 | 27.1 | 10 of 17 | 44% |
| P/B | 4.2 | 1.5 | 17 of 20 | 16% |
| ROCE | 7.0 | 2.8 | 7 of 22 | 71% |
| ROE | 9.5 | 2.5 | 3 of 20 | 90% |
| Debt / Equity | 1.3 | 0.1 | 19 of 20 | 5% |
| EBITDA margin | 23.5 | 16.7 | 4 of 16 | 80% |
| Market cap | 393 | 49 | 5 of 22 | 81% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · EGM approves issue of warrants to non-promoters on preferential basis | board shareholder meetings | low | — | — |
| 14 Oct 2026 · EGM approves issue of warrants to promoters on preferential basis | board shareholder meetings | low | — | — |
| 14 Oct 2026 · EGM okays warrants issue to non-promoters on preferential basis | board shareholder meetings | medium | — | — |
| 14 Oct 2026 · EGM approves issue of convertible warrants to non-promoters | fund raising | medium | — | — |
| 9 Oct 2026 · Routine dematerialisation compliance certificate filed with BSE | compliance | minimal | — | — |
| 5 Oct 2026 · SEBI advisory on related party transaction disclosure | regulatory legal | high | — | — |
| 30 Sept 2026 · Marble City India AGM 2026 results: All 5 resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · All 5 AGM resolutions passed with 99.998% majority vote | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Marble City India 33rd AGM held on Sep 30, 2026; five resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Outcome of 33rd AGM - all resolutions passed on 30 September 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.