Elegant Marbles and Grani Industries Limited (526705) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Elegant Marbles and Grani Industries Limited ₹141, price ₹172, upside -18.2%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹87.20 – ₹351.79 · fair‑value band ₹98.52 – ₹140.74 · the ₹172.05 price screens above the ₹140.74 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Elegant Marbles and Grani Industries Limited manufactures and trades in marbles, granites, and other stones tiles and slabs in India and internationally. It also offers gemstones, flass products, and other materials. The company was founded in 1984 and is based in Mumbai, India.
Stock analysis
Elegant Marbles and Grani Industries Limited (526705) currently trades at ₹172.05, while our model-based Fair Value estimate is ₹140.74, 18.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹227.60 per share, and 4 of the 15 models we run sit above the ₹172.05 price.
Bear case: the Earnings-Based group reads lowest at ₹59.06, and 11 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹98.52 (bear) to ₹140.74 (bull), the price of ₹172.05 sits above 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 52/100 (solid quality), in the Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Elegant Marbles and Grani Industries Limited reported revenue of ₹338M in FY2026 versus ₹278M in FY2022, a compound +5.0%/yr. Reported net income was ₹33.5M in FY2026, compounding +5.7%/yr from FY2022.
Key figures
Market cap ₹242M (≈ $2.5M) · P/E ratio 84.5 · P/S ratio 8.38 · EPS (TTM) ₹0.6000 · Dividend yield 1.2% · Net margin 9.9% · Return on equity 0.3% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Materials peers we cover trades at −1% fair-value upside, at −18%, 526705 screens richer than that median.
Fair Value models
Bear ₹98.52Fair Value ₹140.74Bull ₹140.74
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.3058 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.Evidence ⓘEvidence = 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.
+15.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.7%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.7% vs −2.0%, picking up
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.−35% → 10%
Compare Elegant Marbles and Grani Industries Limited with another stock
Price, fair value, quality and upside side by side.
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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 · 3430 stocks
Beats the sector median on 4/12 measures
Overall it trails its sector peers.
Valuation
Quality Score52 · Above median
Fair Value upside+3.6% · Above median
Profitability
Return on equity (TTM)0.3% · Below median
Return on assets−2.0% · Bottom 25%
Net margin (TTM)4.6% · Above median
Operating margin (TTM)−47.0% · Bottom 25%
Growth and dividend
Revenue growth−34.1% · Bottom 25%
Dividend yield (TTM)1.2% · Below median
Valuation Multiplesvs Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Elegant Marbles and Grani Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/526705
Frequently asked questions
Is Elegant Marbles and Grani Industries Limited (526705) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹140.74 versus a price of ₹172.05, about −18% upside (overvalued).
What is the fair value of 526705?
Our model-based fair value for Elegant Marbles and Grani Industries Limited is ₹140.74 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹172.05.
What is the quality score of 526705?
Elegant Marbles and Grani Industries Limited has a Quality Score of 52/100. 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 and Grani Industries Limited (526705)?
Our model-based price target is the fair value of ₹140.74 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario ₹98.52, optimistic scenario ₹140.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Elegant Marbles and Grani Industries Limited stock forecast for 2026?
Our models put fair value at ₹140.74, about −18% upside versus a price of ₹172.05 (overvalued). Cautious scenario ₹98.52, optimistic scenario ₹140.74. The calculation is refreshed regularly with new filings.
Does Elegant Marbles and Grani Industries Limited pay a dividend?
Elegant Marbles and Grani Industries Limited currently shows a dividend yield of about 1.23% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Elegant Marbles and Grani Industries Limited (526705)?
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 and Grani Industries Limited it is ₹140.74 per share (as of Sep 24, 2026), against a price of ₹172.05. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Elegant Marbles and Grani Industries Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 526705 trades above its calculated fair value: price ₹172.05, fair value ₹140.74, a gap of about −18% (overvalued). 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 526705?
No. The price is what the market pays today (₹172.05); the fair value is what the company's own numbers justify (₹140.74). For Elegant Marbles and Grani Industries Limited the two are ₹31.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Elegant Marbles and Grani Industries Limited worth?
The market values Elegant Marbles and Grani Industries Limited at about ₹242M (market capitalisation, as of Sep 24, 2026). Per share that is ₹172.05; our models calculate a fair value of ₹140.74 per share.
What do the bullish and bearish scenarios say about 526705?
Our models span a range for Elegant Marbles and Grani Industries Limited: cautious scenario ₹98.52, base ₹140.74, optimistic ₹140.74 per share (as of Sep 24, 2026, price ₹172.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 526705?
Elegant Marbles and Grani Industries Limited trades at a price-to-earnings ratio of 84.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹140.74 is built from several models across several years. Other multiples: P/B 0.2, P/S 4.1, EV/EBITDA 17.7.
How solid is the balance sheet of Elegant Marbles and Grani Industries Limited (526705)?
Balance-sheet figures for Elegant Marbles and Grani Industries Limited (as of Sep 24, 2026): return on equity 0.3%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 526705 from its 52-week high?
Elegant Marbles and Grani Industries Limited trades at ₹172.05, about 27% below its 52-week high of ₹236.00 and 17% above the low of ₹147.10 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹140.74 is for.
Which stocks are comparable to Elegant Marbles and Grani Industries Limited?
From the same area (Materials) we also value CHP, Seosan Corporation, SKCIL, KEIL, 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 and Grani Industries Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹172.05, calculated fair value ₹140.74 (−18%), Quality Score 52/100, from 15 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 526705 calculated?
We run Elegant Marbles and Grani Industries Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹140.74, 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 14.5 % above its aggregate fair value. Elegant Marbles and Grani Industries Limited itself currently trades above fair value. 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 and Grani Industries Limited (526705)?
The closing price on Oct 1, 2026 was ₹172.05. Our model-based fair value is ₹140.74, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elegant Marbles and Grani Industries Limited right now?
The price sits above even our optimistic bull case (₹140.74). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Elegant Marbles and Grani Industries Limited
How large is the market capitalisation of Elegant Marbles and Grani Industries Limited (526705)?
The market capitalisation of Elegant Marbles and Grani Industries Limited is ₹242M (≈ $2.5M). 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 and Grani Industries Limited (526705)?
The price-to-sales ratio of Elegant Marbles and Grani Industries Limited is 8.38 (P/E × margin). 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 and Grani Industries Limited (526705)?
Earnings per share at Elegant Marbles and Grani Industries Limited are ₹0.6000 (price ÷ EPS = P/E 84.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elegant Marbles and Grani Industries Limited (526705)?
The dividend yield of Elegant Marbles and Grani Industries Limited is 1.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Elegant Marbles and Grani Industries Limited (526705)?
The net margin of Elegant Marbles and Grani Industries Limited is 9.9% (fiscal year 2026). 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 and Grani Industries Limited (526705)?
The return on equity (ROE) of Elegant Marbles and Grani Industries Limited is 0.3% (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 and Grani Industries Limited (526705)?
On an EBIT basis the return on assets of Elegant Marbles and Grani Industries Limited is 2.0% (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 and Grani Industries Limited (526705)?
The operating margin of Elegant Marbles and Grani Industries Limited is −47.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elegant Marbles and Grani Industries Limited (526705)?
Revenue at Elegant Marbles and Grani Industries Limited is growing −34.1% versus a year earlier (3y avg −1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Elegant Marbles and Grani Industries Limited (526705) generate?
The free cash flow of Elegant Marbles and Grani Industries Limited 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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