Processes granite at a facility in Prakasam district, Andhra Pradesh, with its registered office in Secunderabad, Telangana. The BSE-listed company (scrip code 526095) buys raw material, its biggest cost at 46.9% of FY26 revenue, and converts it into finished granite products sold through export and domestic channels. FY26 revenue grew 39.2% year-on-year, and the company swung to a net profit from a loss the prior year. Other operating costs took 20.8% of revenue, employee costs 8.0% and depreciation 3.4%; no capital expenditure was reported in FY26. Sales and marketing, covering roughly Rs 130 crore in export revenue across the company and the affiliated QuartzKraft LLP, is headed by a director appointed to the board in July 2026. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Granite processing and sales. Small, single-site granite processor with export-led sales
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 31 | 30 | 31 | 41 | 57 |
| EBITDA (ex other income) | 3 | 5 | 3 | (0) | 13 |
| margin % | 10.7 | 17.8 | 10.1 | (0.1) | 22.9 |
| Owners' profit | 2 | (2) | (1) | (3) | 10 |
| EPS, as reported (₹) | 1.50 | (1.54) | (0.57) | 3.03 | 9.38 |
| ROE % · ROCE % | 9.1 · 14.6 | (10.3) · 11.5 | (3.9) · 10.6 | (26.3) · (2.8) | 45.4 · 42.5 |
| Debt / equity (x) | 2.55 | 2.78 | 2.86 | 4.18 | 2.63 |
| Cash from operations | 4 | 4 | 4 | (2) | (5) |
| Capex | 0 | (0) | (0) | (0) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 8 | 16 | 13 | 13 | 9 | 23 | 20 |
| Profit before tax | (0) | (1) | (1) | 4 | 3 | 1 | 4 | 4 |
| Net profit | (0) | (2) | (0) | 3 | 2 | 0 | 4 | 2 |
| EPS (₹) | (0.16) | (1.52) | 0.21 | 3.12 | 2.34 | 0.24 | 3.68 | 2.26 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MIDWEST ENERGY LIMITED | 4,601 | 551.6 | 11.55 | — | (3.5) | (2.3) | — | 19.4 |
| RAMCO INDUSTRIES LIMITED | 2,804 | 8.6 | 0.62 | 11.2 | 6.8 | 4.3 | 8.2 | 19.2 |
| BIRLANU LIMITED | 1,101 | — | 0.99 | 18.4 | (10.8) | (6.5) | 4.2 | 6.8 |
| ARISINFRA SOLUTIONS LTD | 1,025 | 14.7 | 1.37 | 8.8 | 8.0 | 10.2 | — | 12.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper advertisement for 36th AGM notice and e-voting info | compliance | minimal | — | — |
| 8 Sept 2026 · 36th Annual Report filed; AGM set for 30 Sep 2026 via video conferencing | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · Record date fixed at Sept 23, 2026 for 36th AGM e-voting | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Book closure Sept 24 to 30, 2026 for 36th AGM | corporate actions | low | — | — |
| 8 Sept 2026 · 36th AGM scheduled for September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 30 Jul 2026 · Unaudited Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 28 Jul 2026 · Board approves constitution of CSR Committee | general | low | — | — |
| 28 Jul 2026 · Promoter family member appointed as Additional Director at Ravileela Granites | management changes | medium | — | — |
| 28 Jul 2026 · Ravileela Granites Q1 FY27: revenue up 51%, profit down 28% | results | high | — | — |
| 28 Jul 2026 · Board approves Q1 FY27 results: 50% revenue growth but profit dips 28% | results | medium | — | — |
| 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 |
| EVEREST INDUSTRIES LTD |
| 646 |
| — |
| 1.31 |
| — |
| (20.6) |
| (16.0) |
| 3.1 |
| 31.7 |
| MARBLE CITY INDIA LIMITED | 440 | 58.0 | 4.72 | 18.9 | 9.5 | 7.0 | — | 23.5 |
| SAHYADRI INDUSTRIES LTD | 429 | 9.6 | 1.06 | — | 7.1 | 9.4 | — | 16.1 |
| NIDHI GRANITES LTD. | 204 | 17.7 | 9.05 | 16.0 | 34.1 | 45.3 | — | 28.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.0 | 37.0 | 2 of 20 | 95% |
| P/B | 2.9 | 1.6 | 13 of 20 | 37% |
| ROCE | 34.3 | 2.8 | 2 of 22 | 95% |
| ROE | 45.4 | 2.8 | 1 of 21 | 100% |
| Debt / Equity | 2.6 | 0.1 | 21 of 21 | 0% |
| EBITDA margin | 24.1 | 16.7 | 3 of 16 | 87% |
| Revenue growth | 50.6 | 14.0 | 4 of 18 | 82% |
| Profit growth | (27.7) | 83.2 | 16 of 19 | 17% |
| Market cap | 64 | 49 | 11 of 22 | 52% |
| 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 |
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