Madhav Marbles & Granites (NSE:MADHAV) Inventory Turnover: 0.19 (As of Mar. 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 ₹33.79
GF Value ₹38.42
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Madhav Marbles & Granites Inventory Turnover?

Madhav Marbles & Granites NSE:MADHAV -0.79% 64 Inventory Turnover is 0.19 as of Mar. 2026. GuruFocus rates NSE:MADHAV with a GF Score™ of 64/100 and a GF Value™ of ₹38.42 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Madhav Marbles & Granites's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹61.0 Mil. Madhav Marbles & Granites's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹314.2 Mil. Madhav Marbles & Granites's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Madhav Marbles & Granites's Days Inventory for the three months ended in Mar. 2026 was 470.10.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Madhav Marbles & Granites's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 3.40.


Madhav Marbles & Granites  (NSE:MADHAV) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Madhav Marbles & Granites's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=314.17/60.983*365 / 4
=470.10

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Madhav Marbles & Granites's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=314.17 / 92.392
=3.40

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Madhav Marbles & Granites Inventory Turnover Related Terms


Madhav Marbles & Granites Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Madhav Marbles & Granites's Inventory Turnover 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 Inventory Turnover Chart

Madhav Marbles & Granites Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 0.93 0.85 0.68 0.70

Madhav Marbles & Granites Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover 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 0.19 0.20 0.16 0.14 0.19
NSE:MADHAV
64GF Score
Madhav Marbles & Granites Ltd NSE:MADHAV
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madhav Marbles & Granites Inventory Turnover Calculation

Madhav Marbles & Granites's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=201.286 / ((262.748 + 314.17) / 2 )
=201.286 / 288.459
=0.70

Madhav Marbles & Granites's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=60.983 / ((0 + 314.17) / 1 )
=60.983 / 314.17
=0.19

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.19 mean?
Madhav Marbles & Granites (NSE:MADHAV) has a Inventory Turnover of 0.19 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Madhav Marbles & Granites and its competitors.
Is Madhav Marbles & Granites' Inventory Turnover too high?
Madhav Marbles & Granites' current Inventory Turnover is 0.19. Overall, Madhav Marbles & Granites has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madhav Marbles & Granites' Inventory Turnover compare to TT and JCI?
Madhav Marbles & Granites' Inventory Turnover of 0.19 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Construction company?
A good Inventory Turnover depends on the Construction industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Madhav Marbles & Granites and its competitors. Madhav Marbles & Granites's current Inventory Turnover is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madhav Marbles & Granites stock overvalued right now?
Based on GuruFocus' analysis, Madhav Marbles & Granites (NSE:MADHAV) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹38.42, compared to a current price of ₹33.79 — trading 12.1% below its estimated fair value. The current Inventory Turnover is 0.19. Madhav Marbles & Granites' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Madhav Marbles & Granites (NSE:MADHAV), the current Inventory Turnover is 0.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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 ₹33.79 is trading 12.1% below its estimated GF Value™ of ₹38.42. GuruFocus considers Madhav Marbles & Granites to be Modestly Undervalued.

Key valuation signals for NSE:MADHAV:

  • Inventory Turnover: 0.19
  • GF Value™: ₹38.42 vs. price of ₹33.79 (12.1% below fair value)
  • GF Score™: 64/100 with 4 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

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

₹33.79
Price
₹38.42
GF Value