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Elegant Marbles and Grani Industries Ltd
| Audited Financial Results – Q4 & FY26
Summary : Elegant Marbles reported increased revenue but significant comprehensive loss and reduced equity for FY26.
Quarterly Report Analysis & Insights
Financial Disclosures
- Purchases of stock-in-trade: ₹1,926.49 Lakhs (FY26) vs ₹1,649.49 Lakhs (FY25).
- Employee Benefit Expenses: ₹481.06 Lakhs (FY26) vs ₹444.36 Lakhs (FY25).
- Depreciation & amortisation: ₹128.91 Lakhs (FY26) vs ₹102.57 Lakhs (FY25).
- Other Expenses: ₹872.11 Lakhs (FY26) vs ₹769.35 Lakhs (FY25).
- Revenue from operations: ₹3,434.05 Lakhs (FY26) vs ₹2,853.48 Lakhs (FY25).
- Other Income: ₹162.32 Lakhs (FY26) vs ₹253.63 Lakhs (FY25).
- Net cash from operating activities: (₹90.92) Lakhs (FY26) vs (₹457.86) Lakhs (FY25).
- Net cash used in investment activities: ₹77.36 Lakhs (FY26) vs ₹887.00 Lakhs (FY25).
- Net cash from financing activities: (₹29.63) Lakhs (FY26) vs (₹81.48) Lakhs (FY25).
- Closing cash & cash equivalents: ₹663.53 Lakhs (FY26) vs ₹706.72 Lakhs (FY25).
- Total Assets: ₹13,071.73 Lakhs (FY26) vs ₹15,103.87 Lakhs (FY25).
- Total Equity: ₹12,433.14 Lakhs (FY26) vs ₹14,523.87 Lakhs (FY25).
- Other Equity: ₹12,136.84 Lakhs (FY26) vs ₹14,227.57 Lakhs (FY25).
- Mr. Rajesh Agrawal and Mr. Rakesh Agrawal are brothers.
- Ms. Yogita Agrawal is daughter of Mr. Rakesh Agrawal.
- Standalone financial results.
Corporate Overview
- Domestic (Mumbai, Rajasthan) and international (exporters).
- Manufacturer and exporter of marbles and granite products.
- Formal and compliant, focusing on regulatory disclosures.
- Marbles and granite products, including Scarlet, Jasper, Sienna, Enchanté brands.
Risk Factors
- Significant comprehensive income loss.
- Total assets and equity declined.
- Net profit and EPS decreased.
- Negative cash flow from operations.
Key Drivers
- Revenue from operations increased.
- Operating cash flow improved.
- Leadership continuity provides stability.
Auditor’s Report
- Unmodified opinion on the annual financial results.
Board Commentary
- Re-appointment of Mr. Rajesh Agrawal as Chairman & Managing Director for 3 years.
- Re-appointment of Mr. Rakesh Agrawal as Managing Director for 3 years.
- Re-appointment of Ms. Yogita Agrawal as Non-Executive Director.
- Re-appointment of M/s. Deepak Mehta & Associates as Internal Auditor.
- Dividend paid during the financial year.
- Compliance with SEBI Listing Regulations, 2015.
Corporate Governance
- Auditors adhere to Code of Ethics issued by ICAI.
- Ms. Yogita Agrawal is a Non-Executive (Non-Independent) Woman Director.
- Audit Committee reviewed and recommended financial results.