Madhav Marbles and Granites Ltd
Add to watch list to get report alerts
BSE Code:
515093
NSE Code:
MADHAV
Business Profile
Business Profile
Madhav Marbles & Granites (MADHAVMA) is engaged in the manufacturing and processing of marble and granite tiles and slabs. The company was incorporated as a public limited company in 1990.
The company offers granite tiles, slabs and cut-to-size products including calibrated and beveled granites tiles in mirror polished, honed, flamed, finishes and skirting with brand names like Paradiso Bash, Indian Dakota, Granite, Kashmir White, Ruby Red, ..etc. Marble tiles and slabs are offered in both polished as well as honed finishes in random as well as cut-to-size jobs including brand names like Forest Green Marble Emerald Green Marble Madhav Green Marble, ..etc. The marble tile factory is located in Udaipur, Rajasthan and the granite plant (100% export oriented unit) in Salem, Tamil Nadu. The plants are equipped with tile plants, gang saws and line polishing machines imported from Italy. The company operates marble quarries in Keshariaji near Udaipur.
Madhav Marbles & Granites has been awarded with the Certificate of Merit Award by the Chemical and Allied Products Export Promotion Council, sponsored by the Ministry of Commerce and Industry, Government of India, for its outstanding export performance during the year 2006-2007. Madhav Marbles & Granites is a member of the Marble Institute of America. The granite and marble products are exported to nearly 20 countries including USA, Germany, Holland, UK, Australia, South Africa, Spain, among others.
The registered office of the company is located at N H 8, Amberi, Post-Bhuwana, Udaipur, Rajasthan-313004.
Financials
Madhav Marble & Granites registered a sharp drop in net profit of Rs 44.13 million for the quarter ended June 2007 from a profit of Rs 53.46 million for the quarter ended June 2006.
Net sales declined 1.22% to Rs 232.72 million for the quarter ended June 2007 from Rs 235.60 million for the quarter ended June 2006.
Total income dipped 4.97% to Rs 232.82 million from Rs 245 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 4.93 for the quarter ended June 2007.
Future Plans
The company is planning to replace the existing tile finishing line at its manufacturing plant with a new finishing and resining line from Pednni of Italy at a cost of Rs 65 million.