What is Elegant Marbles & Grani Industries Financial Strength?
Elegant Marbles & Grani Industries has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Elegant Marbles & Grani Industries Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Elegant Marbles & Grani Industries has no long-term debt (1).
Elegant Marbles & Grani Industries's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Elegant Marbles & Grani Industries's Altman Z-Score is 6.66.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Elegant Marbles & Grani Industries's Financial Strength
For the Building Products & Equipment subindustry, Elegant Marbles & Grani Industries's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elegant Marbles & Grani Industries's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, Elegant Marbles & Grani Industries's Financial Strength distribution charts can be found below:
* The bar in red indicates where Elegant Marbles & Grani Industries's Financial Strength falls into.
Elegant Marbles & Grani Industries Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Elegant Marbles & Grani Industries's Interest Expense for the
months ended in Dec. 2023 was ₹0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹10.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.
Elegant Marbles & Grani Industries's Interest Coverage for the quarter that ended in Dec. 2023 is
| Elegant Marbles & Grani Industries had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Elegant Marbles & Grani Industries Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
Elegant Marbles & Grani Industries's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Elegant Marbles & Grani Industries has a Z-score of 6.66, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 6.66 is strong.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elegant Marbles & Grani Industries (BOM:526705) Business Description
Traded in Other Exchanges
N/A
Address
Senapati Bapat Marg, Raghuvanshi Mills Compound, Elegant House, Lower Parel (West), Mumbai, IND, 400 013
Elegant Marbles & Grani Industries Ltd is a manufacturer, exporter, and importer of Indian and imported granites and marbles. The company manufactures and deals only in one segment that is Marbles and Granites and allied products. The company's offerings in Marbles and Stones include Engineered Marbles, Marbles, Stone, Travertine, and Granite. Its offerings in Tiles include Versace, Cisa, Brixmosaic, Paricimosaic, Alfalux, Asian Tiles, Caesar, Ceramica Magica, Edilcoughi, Gardenia Orchedia, Italian Mosaics, Matheos Stone, Piemme Ceramics, Porcelaingres, and Sichenia. Its offerings in Di Lusso include Ambient, Damasc, Fascia, Marmo Collage, Mile De Fave and Sedimento. Its offerings in Gemstone include Agate, Amethyst, Aventurine, Pyrite, Quartz and Tiger Eye.
Elegant Marbles & Grani Industries (BOM:526705) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:526705 has been successfully added to your