Marudhar Rocks Receives Significant Investment for Growth

Marudhar Rocks International Private Limited (Marudhar), a renowned manufacturer of premium-engineered quartz surfaces and premium stone plastic composite (SPC) flooring in India, has secured a substantial INR 150 crore investment from Bharat Value Fund (BVF). This investment, facilitated through a private placement round, marks a significant milestone for Marudhar, propelling the company towards ambitious growth plans.

Strategic Investment and Growth Plans

The investment from BVF, managed by Pantomath Capital Management, translates to a 6.5% stake in Marudhar, valuing the company at approximately INR 2300 crore. This significant investment signifies strong confidence in Marudhar's capabilities and future prospects. The company intends to utilize the funds to bolster its growth trajectory by enhancing production capabilities, investing in cutting-edge technologies across its Premium Surfaces portfolio, and expanding its market reach both domestically and internationally.

Expansion and Innovation

Marudhar, established in 2010, boasts a state-of-the-art manufacturing facility in Jaipur, Rajasthan, along with two additional locations in Tamil Nadu. The company's production capacity currently stands at 2 million square meters per year, catering to a diverse clientele both domestically and internationally. Marudhar's products are exported to a range of markets, including the USA, UK, Canada, Australia, Italy, the Middle East, and Vietnam.

• Marudhar's commitment to innovation is evident in its adoption of advanced technologies, including Bretonstone Technology.
• This technology positions Marudhar as a leading player in the global market, enabling the company to manufacture Super Jumbo and Jumbo-sized Premium Surfaces, a testament to its technological prowess and expertise.

Focus on Quality and Sustainability

Madhu Lunawat, CIO of Bharat Value Fund, highlighted the key factors driving the decision to invest in Marudhar. The company's impressive track record, robust business model, premium product portfolio, experienced founders, and unwavering commitment to quality and sustainability were cited as key indicators of Marudhar's potential for continued success.

Financial Performance and Market Positioning

In FY24, Marudhar achieved remarkable financial performance, registering revenues of INR 518 crore. The company's strong EBITDA and PAT margins, at 36% and 27% respectively, underscore its robust financial health and profitability. These impressive metrics, coupled with strong return metrics, position Marudhar as a promising player in the global building materials sector.

Key Highlights of Marudhar's Investment

• Bharat Value Fund (BVF) invests INR 150 crore in Marudhar Rocks International.
• BVF's investment translates to a 6.5% stake, valuing Marudhar at approximately INR 2300 crore.
• Marudhar plans to utilize the investment to enhance production capabilities, invest in cutting-edge technologies, and expand its market reach.
• Marudhar's impressive financial performance in FY24, with revenues of INR 518 crore and strong EBITDA and PAT margins, positions the company as a key player in the global building materials sector.

Marudhar's Strategic Focus

Marudhar's vision for the future is centered around leveraging its robust business model and expertise to achieve further growth and expansion. The company aims to strengthen its position as a leader in the quartz surfaces and SPC flooring markets, both domestically and internationally.

Key Areas of Growth

• Expansion of production capabilities: Marudhar plans to invest in expanding its manufacturing capacity to meet the increasing demand for its premium products.
• Investment in cutting-edge technologies: The company will focus on adopting advanced technologies, such as Bretonstone Technology, to enhance product quality and efficiency.
• Market expansion: Marudhar aims to penetrate new markets both domestically and globally, targeting key growth areas in the building materials sector.

Conclusion

Marudhar Rocks International's recent INR 150 crore investment from Bharat Value Fund signifies a significant milestone for the company. The investment will empower Marudhar to accelerate its growth trajectory, expand its market presence, and solidify its position as a leader in the global quartz surfaces and SPC flooring market. The company's commitment to quality, innovation, and sustainability ensures its continued success in the rapidly evolving building materials sector.