Marble City India Ltd. (MARBLE.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-257.4%

-₹243.53

vs ₹154.75 price

Levered DCF

-₹527.38

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.96

Grey zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	34.75×	140.44×	-19.5×	53×	70.67×	-1,073.42×	70.67×	56.53×
P/B	3.04×	5.6×	1.37×	1.38×	1.4×	1.44×	1.43×	1.46×
P/S	2.55×	5.72×	0.83×	0.36×	0.54×	0.9×	0.59×	0.55×
EV / EBITDA	13.98×	23.22×	18.35×	13.72×	16.06×	18.52×	13.6×	12.37×
Gross margin	29.1%	39.5%	28.3%	15.8%	21.4%	26.1%	24.7%	27.5%
Operating margin	24.0%	16.4%	13.0%	5.9%	6.8%	16.7%	7.4%	18.6%
Net margin	7.3%	4.0%	-4.3%	0.7%	0.7%	-0.1%	0.8%	1.0%
Current ratio	2.85×	2.96×	2.34×	2.29×	1.95×	1.81×	1.81×	1.96×
Debt / equity	1.54×	1.7×	3.35×	2.16×	1.84×	1.67×	1.48×	1.49×
Interest coverage	1.64×	0.78×	0.68×	1.21×	1.21×	1.95×	1.13×	2.92×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.7%	4.0%	-7.1%	2.6%	1.9%	-0.1%	2.0%	2.6%
Return on invested capital	7.9%	4.5%	3.9%	4.7%	4.2%	-12.7%	4.5%	10.9%
Return on assets	2.9%	1.4%	-1.5%	0.7%	0.5%	-0.0%	0.6%	0.9%
Free cash flow yield	-12.9%	-6.5%	-45.6%	-12.4%	-4.5%	3.7%	1.8%	18.7%
Earnings yield	2.9%	0.7%	-5.1%	1.9%	1.4%	-0.1%	1.4%	1.8%
Enterprise value	₹3.7B	₹4.4B	₹1.2B	₹1B	₹897.8M	₹852.9M	₹811.5M	₹798.3M
Net debt / EBITDA	4.57×	5.24×	12.77×	8.19×	8.87×	9.69×	6.81×	6.09×
Cash conversion cycle (days)	560	1,195	863	250	356	560	374	340