Madhav Marbles and Granites Analysis

dividend

Pros

• Dividends paid are well covered by earnings (6.6x coverage).
• Madhav Marbles and Granites's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Dividends per share have fallen over the past 10 years.
• Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
• Madhav Marbles and Granites's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• Madhav Marbles and Granites is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Madhav Marbles and Granites is profitable, therefore cash runway is not a concern.
• Madhav Marbles and Granites is profitable, therefore cash runway is not a concern.
• Debt is covered by short term assets, assets are 2.6x debt.
• Madhav Marbles and Granites's cash and other short term assets cover its long term commitments.
• Madhav Marbles and Granites's level of debt (24.7%) compared to net worth is satisfactory (less than 40%).

Cons

• Operating cash flow is negative therefore debt is not well covered.
• The level of debt compared to net worth has increased over the past 5 years (0.1% vs 24.7% today).
• High level of physical assets or inventory.

management

Pros

• The tenure for the Madhav Marbles and Granites board of directors is about average.
• Madhav's compensation has been consistent with company performance over the past year, both up more than 20%.
• More shares have been bought than sold by Madhav Marbles and Granites individual insiders in the past 3 months.

Cons

• Madhav's remuneration is higher than average for companies of similar size in India.

misc

Pros

Cons

• Madhav Marbles and Granites is not covered by any analysts.

past

Pros

Cons

• Madhav Marbles and Granites's 1-year earnings growth is negative, it can't be compared to the 5-year average.
• Madhav Marbles and Granites's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
• It is difficult to establish if Madhav Marbles and Granites has efficiently used its assets last year compared to the IN Building industry average (Return on Assets) as it is loss-making.
• It is difficult to establish if Madhav Marbles and Granites improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
• Madhav Marbles and Granites has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
• Madhav Marbles and Granites's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.

value

Pros

• Madhav Marbles and Granites is good value based on assets compared to the IN Building industry average.
• NSEI:MADHAV is up 20.4% outperforming the Building industry which returned 6.6% over the past month.
• NSEI:MADHAV is up 20.4% outperforming the market in India which returned 8% over the past month.

Cons

• Madhav Marbles and Granites's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• Madhav Marbles and Granites's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• Madhav Marbles and Granites is overvalued based on earnings compared to the IN Building industry average.
• Madhav Marbles and Granites is overvalued based on earnings compared to the India market.
• MADHAV underperformed the Building industry which returned -33.2% over the past year.
• MADHAV underperformed the Market in India which returned -14.5% over the past year.