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Marvel Decor share price & results

Marvel Decor Ltd· Consumer Durables· Consumer Discretionary

Results to
Mar 2026
Latest analysed call
Q2 FY26
Ownership as of
Mar 2026

Gujarat-based manufacturer of window blinds, curtain tracks and motors, sold domestically as Marvel and internationally as Callistus.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue16.6 ₹ crore+3.4% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin6.5 %−0.2 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit1.2 ₹ crore+283.3% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable+0.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-7.03 %+6.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−10.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

0 of 1 judged target kept · 5 open · verdicts reflect calls analysed to Q2 FY26.

Marvel Decor Ltd management guidance track record on Inve: 6 targets tracked across analysed earnings calls (0 achieved, 1 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
Architect/Interior Designer Onboardingonboard more than 200 architect interior in Mumbai, in PAN India this year
Call transcript, Q4 FY25 · 12 Jun 2025		Q4 FY25Q2 FY26:No specific update provided on the number of architects onboarded in H1
Call transcript, Q2 FY26 · 15 Nov 2025		Ghosted
EBITDA Margin12% to 13% we may achieve this year (FY26)
Call transcript, Q4 FY25 · 12 Jun 2025		Q4 FY25Q2 FY26:H1 FY26 saw further margin reduction due to hiring/marketing; management now pushing recovery expectations to H2
Call transcript, Q2 FY26 · 15 Nov 2025		At Risk
Revenue Growth20% to 30% increase in the upcoming year (FY26)
Call transcript, Q4 FY25 · 12 Jun 2025		Q4 FY25Q2 FY26:H1 FY26 revenue at ₹37 Cr, pacing well to exceed FY25's ₹63 Cr by the targeted margin
Call transcript, Q2 FY26 · 15 Nov 2025		On Track

Source: Inve Guidance Tracker for Marvel Decor Ltd · to Q2 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Marvel Decor Ltd's 6 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 3 more targets are in the full ledger.

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Price

₹51.95 +7.78% · +₹3.75

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −45.4% 1Y

₹40₹60₹80₹100Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 13 Nov 2025

1Y: ₹95.1 on 24 Oct 2025 → ₹51.95. High ₹99.9 (29 Oct 2025), low ₹43.1 (25 Feb 2026).

Previous close
₹48.2
Market cap
₹115 Cr
52-week range
₹43.1 – ₹99.9
One year
−45.37%
Price to earnings (FY ending Mar 2026)
25.78×
Return on equity (FY ending Mar 2026)
6.92%

Overview

Symbol
NSE:MDL
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Marvel Decor Ltd does

Based on the company's own presentations, annual report and earnings calls.

Marvel Decor Ltd manufactures window-covering products — roller, roman, wooden, vertical and other blinds, curtain tracks and motorised operating systems — across three factories, two in Jamnagar (Gujarat, India) and one in Dubai (UAE). It sells in India under the Marvel brand through channel partners, galleries and experience centres, and internationally under the Callistus brand through wholly owned subsidiaries in the UAE, UK and USA. Alongside retail sales, it also executes large-scale window-covering projects for residential, hospitality, institutional and commercial clients such as hotels, hospitals and government buildings.

Segments

  • Retail (Domestic)
  • Projects
  • International (Callistus)
Manufacturing facilities
3 (2 in Jamnagar, Gujarat + 1 in Dubai, UAE)
Product range
16+ blind types, 2000+ shades, 10+ operating systems (manual & motorised)
Channel partners
800+ (400+ domestic, 400+ international)
Galleries/displays
375+ (200+ domestic, 175+ international)
Domestic footprint
245+ cities across 26+ states
Export reach
20+ countries
Founded 2000Headquarters Jamnagar, Gujarat, IndiaEmployees 350 (H1 FY26) Company website

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