Madhav Marbles & Granites (NSE:MADHAV) Debt-to-Equity: (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MADHAV Madhav Marbles & Granites Ltd NSE:MADHAV
64 GF Score
Price ₹35.46
GF Value ₹37.66
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Madhav Marbles & Granites Debt-to-Equity?

Madhav Marbles & Granites's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹ Mil. Madhav Marbles & Granites's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹ Mil. Madhav Marbles & Granites's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹ Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Madhav Marbles & Granites's Debt-to-Equity or its related term are showing as below:

NSE:MADHAV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.08   Max: 0.25
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Madhav Marbles & Granites was 0.25. The lowest was 0.03. And the median was 0.08.

NSE:MADHAV's Debt-to-Equity is ranked better than
85.75% of 1621 companies
in the Construction industry
Industry Median: 0.4 vs NSE:MADHAV: 0.06

Madhav Marbles & Granites  (NSE:MADHAV) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Madhav Marbles & Granites Debt-to-Equity Related Terms


Madhav Marbles & Granites Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Madhav Marbles & Granites's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Madhav Marbles & Granites Debt-to-Equity Chart

Madhav Marbles & Granites Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.08 0.13 0.10 0.07

Madhav Marbles & Granites Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.09 - 0.07 -

NSE:MADHAV vs TT, JCI, CARR: Debt-to-Equity Comparison

For the Building Products & Equipment subindustry, Madhav Marbles & Granites's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Madhav Marbles & Granites Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Madhav Marbles & Granites's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Madhav Marbles & Granites's Debt-to-Equity falls into.


NSE:MADHAV
64GF Score
Madhav Marbles & Granites Ltd NSE:MADHAV
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madhav Marbles & Granites Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Madhav Marbles & Granites's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Madhav Marbles & Granites's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Madhav Marbles & Granites (NSE:MADHAV) Overvalued in 2026?

Based on GuruFocus' analysis, Madhav Marbles & Granites stock appears to be undervalued. The current stock price of ₹35.46 is trading 5.8% below its estimated GF Value™ of ₹37.66. GuruFocus considers Madhav Marbles & Granites to be Fairly Valued.

Key valuation signals for NSE:MADHAV:

  • Debt-to-Equity:
  • GF Value™: ₹37.66 vs. price of ₹35.46 (5.8% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the NSE:MADHAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Madhav Marbles & Granites Business Description

Other Exchanges 515093:India
Address 16, Saheli Marg, First Floor, Mumal Towers, Udaipur, RJ, IND, 313001
Madhav Marbles & Granites Ltd engages in processing and exporting natural stone products including marble, granite, quartz, quartzite, and sandstone. Its operations include a Granite Division based in South India in a region known for granite reserves, and a Marble Division located in North India near the green marble quarries. The company generates revenue through manufacturing and exporting natural stone slabs and tiles to the markets of various countries, including North America, South America, Europe, Australia, South Africa, Russia, and the Far East. Its facilities are situated close to raw material sources, supporting efficient procurement and production. The company also includes segments related to realty and power generation alongside its core stone processing business.
64GF Score

Get the complete analysis for NSE:MADHAV

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹35.46
Price
₹37.66
GF Value