Arthneeti

Marvel Decor Q2 FY26 Share Price & Earnings Call Analysis

₹48.00+1.05% today
Market cap
₹85 Cr
P/E
19.08
ROE
6.92%
PEG
0.64
Price to sales
1.26
Debt to equity
0.32
52W high / low
₹103 / ₹43.0
Sales growth (5Y)
19.74%
EBITDA margin
7.18%
Net profit margin
6.59%
Promoter holding
67.41%
Sales (last year)
₹68 Cr

Incorporated in 1996, Marvel Decor Ltd is in the business of manufacturing and supplying window covering fashion blinds and components.[1]

Guidance scorecard · Q2 FY26 call

What Marvel Decor's management guided
and where it ranks in Consumer Durables

#10of 86 in
Consumer Durables
Revenue20–40%MarginsUp 2%+CapexPlannedFundraisingPlannedOrder bookRising

RevenueQ2 FY26 call

20–40%
  • H2 FY26 expected to see improved margins and revenue growth as employee hiring and marketing efforts from H1 begin to yield results.
  • Project business revenue nearly doubled from ₹5.4 Cr last year to ₹11 Cr in H1 FY26, signaling strong growth potential.
  • Large pipeline with an ₹15 Cr funnel anticipated for H2, indicating continued upward sales momentum.
  • Strategic tie-ups like Livspace (starting with curtain tracks and motors) and a U.S. company with potential $10 million annual business expected to boost revenue.
  • Expansion into curtain stitching and curtains alongside blinds, complementing product offerings for projects.
  • Focus on higher ticket size customers and key accounts for better revenue quality and growth.

2 more points from Marvel Decor's call on revenue

Create a free account to keep reading this call

Full Q2 FY26 analysis

MarginsQ2 FY26 call

Up 2%+

See what Marvel Decor said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

CapexQ2 FY26 call

Planned
  • Curtain stitching unit establishment is underway to complement the product line, with a fully automatic machine arriving soon (cost mentioned: 200,000 dirhams).
  • Investment in Experience Centers planned for Dubai, similar to the successful one in Mumbai, to engage architects, interior designers, and system integrators.
  • Strategy to convert more projects business and grow in large-scale projects, including expanding presence in USA and Dubai markets.
  • No significant borrowings related to stitching machine purchase; recent increase in long-term borrowing mainly for increased inventory, employee costs, and marketing to utilize ₹200-250 crore plant capacity.
  • Expansion in project and marketing efforts, including participation in multiple architectural and interior design events.

2 more points from Marvel Decor's call on capex

Create a free account to keep reading this call

Full Q2 FY26 analysis

FundraisingQ2 FY26 call

Planned

See what Marvel Decor said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

Order bookQ2 FY26 call

Rising
  • The company has a project business funnel of approximately ₹15 crore for H2 FY26, indicating substantial pending orders in project verticals.
  • For the USA large-scale company partnership, there is a $2 million ($15 crore approx.) funnel under process involving mock-up, sampling, testing, and approvals.
  • The recent tie-up with Livspace covers curtain tracks and motors with potential to expand to blinds, starting commercial activities around November 20, 2025.
  • The Lutron partnership is expected to generate ₹3-4 crore business in H2 FY26 and approximately ₹10 crore annually going forward.

2 more points from Marvel Decor's call on the order book

Create a free account to keep reading this call

Full Q2 FY26 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Marvel Decor rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

Sign up free to see every company in the sector ranking and track Marvel Decor.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Marvel Decor

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Marvel Decor

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Marvel Decor

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +31.5225.7729.1227.5140.8049.2653.0362.6869.17
Expenses +23.5019.1124.7824.6737.0746.0446.8956.3563.89
Operating Profit8.026.664.342.843.733.226.146.335.28
OPM %25.44%25.84%14.90%10.32%9.14%6.54%11.58%10.10%7.63%
Other Income +0.180.730.890.821.592.760.741.142.32
Interest2.160.511.331.301.561.511.581.531.72
Depreciation1.821.972.292.141.971.901.711.721.91
Profit before tax4.224.911.610.221.792.573.594.223.97
Tax %26.30%28.92%55.90%68.18%12.29%12.06%10.31%9.48%
Net Profit +3.113.500.720.071.572.263.223.823.64
EPS in Rs1.832.050.160.020.791.191.892.152.05
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of Marvel Decor

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital17.0417.0417.0417.0417.0417.0417.0417.7417.74
Reserves22.5725.4726.6926.7928.2830.5633.7344.8746.91
Borrowings +2.325.0211.2211.1311.1113.8314.2415.7119.67
Other Liabilities +7.8111.1311.148.7110.069.9911.3511.8126.16
Total Liabilities49.7458.6666.0963.6766.4971.4276.3690.13110.48
Fixed Assets +12.5915.4917.5715.9515.8515.6514.5416.8017.20
CWIP0.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.00
Other Assets +37.1543.1748.5247.7250.6455.7761.8273.3393.28
Total Assets49.7458.6666.0963.6766.4971.4276.3690.13110.48

Financials of Marvel Decor

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-7.042.573.171.86-0.68-0.47-4.56
Cash from Investing Activity +-4.69-4.52-1.01-2.73-1.330.12-4.17
Cash from Financing Activity +0.381.11-1.04-0.172.140.419.48
Net Cash Flow-11.34-0.831.12-1.040.130.060.75
Free Cash Flow-11.83-1.812.65-0.02-2.38-1.07-8.45
CFO/OP-85%80%117%56%-11%-2%-66%

Financials of Marvel Decor

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days73.0767.2877.7171.2550.1959.5769.9376.34
Inventory Days635.992,672.531,113.661,170.18906.44779.90841.54790.19
Days Payable141.98421.28191.04202.81156.16150.84146.33138.37
Cash Conversion Cycle567.082,318.531,000.331,038.61800.47688.64765.14728.16
Working Capital Days240.75395.59343.94374.95253.35223.77238.56248.24
ROCE %11.93%5.67%2.78%5.95%6.92%8.16%8.02%

Continue your research

What Marvel Decor's management said in earlier quarters

Others in Consumer Durables this season

  • Symphony Ltd (Q2 FY27)

    For the quarter ended 30-Sep-26, the standalone revenue from operations is ₹170 crores, up from ₹155 crores in the same quarter of the prior year, reflecting a…

  • V-Guard Industries Ltd (Q2 FY27)

    1,852.89 crore, up 38.2% YoY from Rs. Key investor presentation takeaways from V-Guard Industries Ltd's Q2 FY27 investor presentation — and how it ranks against

  • Epack Durable Ltd (Q2 FY27)

    Q2 FY27 Operating Revenue: ₹4,393 Mn, up 106.0% YoY (Page 7, 6) . Key investor presentation takeaways from Epack Durable Ltd's Q2 FY27 investor presentation — a

  • Naman Industries Proxima Limited (Q2 FY27)

    Revenue from operations for H1 FY27: ₹88.6 Cr, up 28.6% YoY (Page 10). Key investor presentation takeaways from Naman Industries Proxima Limited's Q2 FY27 inves

Compare:vs Titan Companyvs Asian Paintsvs LG Electronics