ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ELEGANT MARBLES & GRANI INDUSTRIES LTD. stock ₹178, price ₹160, upside +11.1%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ₹89.13 – ₹351.81 · fair‑value band ₹124.80 – ₹224.76 · the ₹160.40 price screens below the ₹178.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB) currently trades at ₹160.40, while our model-based Fair Value estimate is ₹178.28, implying the stock looks roughly 10% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹191.93 per share, and 9 of the 17 models we run sit above the ₹160.40 price.
Bear case: the Earnings-Based group reads lowest at ₹119.51, and 8 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹124.80 (bear) to ₹224.76 (bull), the price of ₹160.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ELEGANT MARBLES & GRANI INDUSTRIES LTD. reported revenue of ₹338M in FY2026 versus ₹273M in FY2022, a compound +5.5%/yr. Reported net income was ₹33.5M in FY2026, compounding +5.7%/yr from FY2022.
Key figures
Market cap ₹475M (≈ $5.1M) Micro · P/E ratio 14.9 · P/S ratio 1.34 · EPS (TTM) ₹10.74 · Net margin 9.0% · Return on equity 2.5% · Return on assets (EBIT) 2.5% (5-year average) · Operating margin 7.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Materials peers we cover trades at −26% fair-value upside, at 11%, ELEMARB screens cheaper than that median.
Fair Value models
Bear₹124.80Fair Value ₹178.28Bull₹224.76
Price ₹160.40 · Upside +11.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹6.53 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+14.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.7%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−31% → 10%
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Construction Materials” was too small, so the broader sector is used.)Materials · 3364 stocks
Beats the sector median on 8/12 measures
Overall it ranks above its sector peers.
Valuation
Quality Score55 · Above median
Fair Value upside+11.1% · Above median
Profitability
Return on equity (12 months)2.5% · Below median
Return on assets2.6% · Above median
Net margin (12 months)9.0% · Above median
Operating margin (12 months)7.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.3% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Materials median · lower = cheaper
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Is ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ₹178.28 versus a price of ₹160.40, about +11% upside (undervalued).
What is the fair value of ELEMARB?
Our model-based fair value for ELEGANT MARBLES & GRANI INDUSTRIES LTD. is ₹178.28 (as of Nov 2, 2026), built from audited fundamentals. The current price: ₹160.40.
What is the quality score of ELEMARB?
ELEGANT MARBLES & GRANI INDUSTRIES LTD. has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
Our model-based price target is the fair value of ₹178.28 (as of Nov 2, 2026) from 17 valuation models. Cautious scenario ₹124.80, optimistic scenario ₹224.76. It is a calculation from audited fundamentals, not an analyst target.
What is the ELEGANT MARBLES & GRANI INDUSTRIES LTD. stock forecast for 2026?
Our models put fair value at ₹178.28, about +11% upside versus a price of ₹160.40 (undervalued). Cautious scenario ₹124.80, optimistic scenario ₹224.76. The calculation is refreshed regularly with new filings.
What is the revenue of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
ELEGANT MARBLES & GRANI INDUSTRIES LTD. reported trailing-twelve-month revenue of about ₹354M (latest available figure, as of Nov 2, 2026).
What is the intrinsic value of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ELEGANT MARBLES & GRANI INDUSTRIES LTD. it is ₹178.28 per share (as of Nov 2, 2026), against a price of ₹160.40. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is ELEGANT MARBLES & GRANI INDUSTRIES LTD. stock overvalued or undervalued in 2026?
As of Nov 2, 2026, ELEMARB trades below its calculated fair value: price ₹160.40, fair value ₹178.28, a gap of about +11% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ELEMARB?
No. The price is what the market pays today (₹160.40); the fair value is what the company's own numbers justify (₹178.28). For ELEGANT MARBLES & GRANI INDUSTRIES LTD. the two are ₹17.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is ELEGANT MARBLES & GRANI INDUSTRIES LTD. worth?
The market values ELEGANT MARBLES & GRANI INDUSTRIES LTD. at about ₹475M (market capitalisation, as of Nov 2, 2026). Per share that is ₹160.40; our models calculate a fair value of ₹178.28 per share.
What do the bullish and bearish scenarios say about ELEMARB?
Our models span a range for ELEGANT MARBLES & GRANI INDUSTRIES LTD.: cautious scenario ₹124.80, base ₹178.28, optimistic ₹224.76 per share (as of Nov 2, 2026, price ₹160.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELEMARB?
ELEGANT MARBLES & GRANI INDUSTRIES LTD. trades at a price-to-earnings ratio of 14.9 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹178.28 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2026), reported earnings: 14.6. Other multiples: P/B 0.4, P/S 1.3, EV/EBITDA 7.6.
How solid is the balance sheet of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
Balance-sheet figures for ELEGANT MARBLES & GRANI INDUSTRIES LTD. (as of Nov 2, 2026): return on equity 2.5%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is ELEMARB from its 52-week high?
ELEGANT MARBLES & GRANI INDUSTRIES LTD. trades at ₹160.40, about 30% below its 52-week high of ₹227.95 and 9% above the low of ₹147.10 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹178.28 is for.
Which stocks are comparable to ELEGANT MARBLES & GRANI INDUSTRIES LTD.?
From the same area (Materials) we also value CHP, Seosan Corporation, DHABRIYA, MARBLE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ELEGANT MARBLES & GRANI INDUSTRIES LTD. stock attractive at the current price?
The data as of Nov 2, 2026: price ₹160.40, calculated fair value ₹178.28 (+11%), Quality Score 55/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ELEMARB calculated?
We run ELEGANT MARBLES & GRANI INDUSTRIES LTD. through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹178.28 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. ELEGANT MARBLES & GRANI INDUSTRIES LTD. currently trades 10% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
The closing price on Nov 6, 2026 was ₹160.40. Our model-based fair value is ₹178.28, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ELEGANT MARBLES & GRANI INDUSTRIES LTD. right now?
A fairly wide model range (₹124.80 to ₹224.76) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of ELEGANT MARBLES & GRANI INDUSTRIES LTD.
How large is the market capitalisation of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
The market capitalisation of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is ₹475M (≈ $5.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
The price-to-sales ratio of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is 1.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
Earnings per share at ELEGANT MARBLES & GRANI INDUSTRIES LTD. are ₹10.74 (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
The net margin of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is 9.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
The return on equity (ROE) of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is 2.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
On an EBIT basis the return on assets of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
The operating margin of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
Revenue at ELEGANT MARBLES & GRANI INDUSTRIES LTD. is growing +0.3% versus a year earlier (3y avg −1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB)?
Earnings per share at ELEGANT MARBLES & GRANI INDUSTRIES LTD. are growing −20.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ELEGANT MARBLES & GRANI INDUSTRIES LTD. (ELEMARB) generate?
The free cash flow of ELEGANT MARBLES & GRANI INDUSTRIES LTD. is −₹11.7M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Some data
Nov 2, 2026