Asian Granito India

₹58.3 0.7 | 1.3%

WEBSITE BSE:532888 NSE : ASIAN GRANIT 10 May, 16:01

Market Cap ₹739 Cr.

Stock P/E -13.5

P/B 0.6

Current Price ₹58.3

Book Value ₹ 100.1

Face Value 10

52W High ₹86

Dividend Yield 0%

52W Low ₹ 44.2

Edit Ratio

Asian Granito India Research see more...

Overview Inc. Year: 1995Industry: Ceramics/Marble/Granite/Sanitaryware

Asian Granito India Ltd is engaged inside the business of producing of tiles. The Company offers tiles, along with wall and ceramics, and marble and quartz. The Company manufactures numerous kinds of vitrified tiles, along with glazed and polished in over 1200 designs. The Company additionally exports tiles to approximately 50 international locations. The Company's Grestek product class includes XXL DECOR ROSETTA STONE, LEVIGATO GLITTER BEIGE, LEVIGATO GLITTER AQUA, XXL ROSETTA STONE BEIGE, XXL DECOR BASALTINA, XXL BASALTINA STONE GRIGIO, VELVET BOTTICHINO FP, ROSALIA HONEY FP, XXL ROSETTA STONE GRIGIO, XXL DECOR ROSETTA STONE BEIGE, ROSALIA BIANCO FP and ELEGANT TRAVERTINO FP. Its ground tiles product class consists of CIRCLET ART, CIRCLET MARMO and CIRCLET GOLD. Its wall tiles product class includes BUTTERLY ART DECOR and BUTTERLY CREMA DECOR. Its composite marble product class consists of LAPATO and BUSH HAMMER. Its quartz product class consists of AZUL and COASTA BEIGE.

Asian Granito India Share Price

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Peer Comparison

Asian Granito India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	376	437	478	310	398	399	456	335	401	371
Other Income	39	1	2	2	5	7	3	6	1	1
Total Income	415	438	480	312	403	406	459	340	402	373
Total Expenditure	342	400	449	305	399	428	500	325	381	370
Operating Profit	72	39	31	7	4	-22	-41	15	21	3
Interest	6	6	5	6	5	6	10	8	7	5
Depreciation	8	7	8	8	9	9	9	10	12	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	58	26	18	-6	-10	-36	-60	-2	2	-14
Provision for Tax	4	8	6	-2	-2	-10	-12	1	5	-6
Profit After Tax	54	18	12	-4	-8	-27	-48	-4	-3	-8
Adjustments	-0	-0	1	2	4	4	3	1	2	2
Profit After Adjustments	54	18	12	-2	-3	-23	-45	-2	-1	-6
Adjusted Earnings Per Share	11.7	2.3	1.6	-0.2	-0.3	-1.8	-3.5	-0.2	-0.1	-0.5

Asian Granito India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	708	775	846	994	1064	1156	1187	1225	1292	1564	1563	1563
Other Income	2	2	3	1	7	5	9	14	4	49	21	11
Total Income	711	777	849	995	1071	1161	1196	1238	1297	1613	1584	1574
Total Expenditure	639	712	788	903	939	1017	1103	1113	1157	1444	1635	1576
Operating Profit	72	64	61	92	132	144	93	125	139	169	-51	-2
Interest	25	21	23	29	41	39	37	40	35	26	27	30
Depreciation	22	22	19	28	24	25	27	31	29	30	34	43
Exceptional Income / Expenses	0	0	0	-1	0	0	0	0	0	0	0	0
Profit Before Tax	25	22	19	35	67	80	29	57	77	114	-112	-74
Provision for Tax	8	8	6	11	19	26	10	11	20	22	-26	-12
Profit After Tax	17	13	13	24	48	54	19	46	58	92	-87	-63
Adjustments	0	-1	1	1	-3	-2	2	-4	-1	-0	14	8
Profit After Adjustments	17	12	15	24	45	53	21	42	57	92	-73	-54
Adjusted Earnings Per Share	4.9	3.4	4.1	6.8	9.5	11.1	4.4	8.9	10.6	12.1	-5.7	-4.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-0%	8%	6%	8%
Operating Profit CAGR	-130%	NAN%	NAN%	NAN%
PAT CAGR	-195%	NAN%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	5%	-16%	-14%	12%
ROE Average	-8%	5%	6%	7%
ROCE Average	-7%	7%	8%	10%

Asian Granito India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	265	275	290	363	399	435	451	517	626	918	1256
Minority's Interest	0	0	0	19	24	29	36	29	30	34	21
Borrowings	34	20	15	118	104	119	99	81	111	90	81
Other Non-Current Liabilities	22	24	27	58	36	25	31	37	67	44	16
Total Current Liabilities	328	366	320	392	496	584	664	595	534	442	547
Total Liabilities	648	685	651	950	1060	1191	1281	1259	1367	1529	1922
Fixed Assets	174	178	188	392	413	425	471	462	457	476	576
Other Non-Current Assets	67	67	69	43	30	45	46	57	68	77	218
Total Current Assets	408	438	392	489	617	721	764	740	843	976	1128
Total Assets	648	685	651	950	1060	1191	1281	1259	1367	1529	1922

Asian Granito India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	25	29	19	15	13	14	18	28	4	34	101
Cash Flow from Operating Activities	19	62	104	21	63	94	88	56	46	-7	-49
Cash Flow from Investing Activities	-49	-29	-33	-221	-40	-48	-62	-41	-26	-23	-423
Cash Flow from Financing Activities	34	-43	-76	203	-22	-42	-16	-40	10	98	408
Net Cash Inflow / Outflow	4	-10	-4	3	1	5	9	-24	30	67	-64
Closing Cash & Cash Equivalent	29	19	15	17	14	18	28	4	34	101	37

Asian Granito India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.88	3.38	4.14	6.79	9.46	11.06	4.38	8.86	10.57	12.11	-5.74
CEPS(Rs)	11.06	9.74	9.07	14.35	15.12	16.74	9.67	16.13	16.13	16.09	-4.16
DPS(Rs)	0	0	0	0	1.3	1.3	0.6	0.7	0.5	0.7	0
Book NAV/Share(Rs)	74.7	76.44	80.55	92.28	83.77	91.36	94.71	104.18	115.5	120.93	99.1
Core EBITDA Margin(%)	8.75	7.29	6.19	8.34	10.99	11.84	7.03	9.11	10.41	7.64	-4.63
EBIT Margin(%)	6.33	4.98	4.47	5.89	9.46	10.1	5.5	7.91	8.64	8.9	-5.44
Pre Tax Margin(%)	3.18	2.51	2.03	3.22	5.88	6.81	2.4	4.65	5.95	7.27	-7.15
PAT Margin (%)	2.14	1.54	1.43	2.18	4.21	4.63	1.57	3.75	4.44	5.88	-5.53
Cash Profit Margin (%)	4.86	4.05	3.48	4.71	6.34	6.79	3.87	6.25	6.71	7.8	-3.36
ROA(%)	3.64	1.98	1.99	2.97	4.76	4.83	1.52	3.63	4.39	6.36	-5.04
ROE(%)	8.1	4.93	4.75	7.69	13.14	13.03	4.23	9.72	10.3	11.95	-7.99
ROCE(%)	13.64	8.4	8.63	11.29	15.38	15.81	8.25	11.78	12.81	13.82	-6.63
Receivable days	48.99	76.69	69.86	60.72	79.66	108.84	122.76	115.04	111.83	103.57	102.92
Inventory Days	59.72	84.49	78.05	73.14	83.25	85.39	89.08	88.68	86.01	75.45	67.76
Payable days	60.2	89.59	96.17	86.6	121.18	156.94	180.41	165.54	135.73	108.82	101.44
PER(x)	5.18	4.93	18.27	14.15	24.49	25.75	35.76	11.72	8.61	6.11	0
Price/Book(x)	0.34	0.22	0.94	1.04	2.77	3.12	1.65	1	0.79	0.61	0.35
Dividend Yield(%)	0	0	0	0	0.35	0.29	0.24	0.43	0.35	0.71	0
EV/Net Sales(x)	0.44	0.35	0.51	0.67	1.33	1.45	0.9	0.65	0.59	0.45	0.29
EV/Core EBITDA(x)	4.31	4.17	7.1	7.17	10.73	11.64	11.57	6.39	5.43	4.2	-8.71
Net Sales Growth(%)	211.43	9.43	9.14	17.48	7.04	8.62	2.69	3.19	5.53	21.01	-0.07
EBIT Growth(%)	5.37	-15.46	-2.68	54.06	67.72	10.29	-44.82	48.48	15.31	24.42	-161.31
PAT Growth(%)	-42.21	-22.88	0.93	78.29	101.63	13.56	-65.54	145.75	25.11	59.85	-194.37
EPS Growth(%)	-45.07	-30.63	22.36	63.93	39.46	16.9	-60.39	102.11	19.39	14.53	-147.36
Debt/Equity(x)	0.96	0.84	0.61	1.02	0.82	0.78	0.8	0.65	0.46	0.21	0.17
Current Ratio(x)	1.24	1.2	1.22	1.25	1.24	1.24	1.15	1.24	1.58	2.21	2.06
Quick Ratio(x)	0.66	0.63	0.63	0.62	0.69	0.76	0.69	0.75	0.98	1.46	1.59
Interest Cover(x)	2.01	2.02	1.83	2.2	2.64	3.07	1.77	2.43	3.21	5.45	-3.17
Total Debt/Mcap(x)	2.84	3.83	0.65	0.98	0.3	0.25	0.48	0.65	0.58	0.34	0.49

Asian Granito India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	26.12	29	29.02	29.02	29.02	29.02	29.02	29.02	29.02	29.02
FII	0.36	0.56	0.89	1.48	1.21	1.57	1.2	1.07	0.97	1.36
DII	0.5	0	0	0	0	0	0	0	0	0
Public	73.02	70.45	70.09	69.51	69.77	69.42	69.79	69.92	70.01	69.62
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.48	1.65	3.68	3.68	3.68	3.68	3.68	3.68	3.68	3.68
FII	0.02	0.03	0.11	0.19	0.15	0.2	0.15	0.14	0.12	0.17
DII	0.03	0	0	0	0	0	0	0	0	0
Public	4.14	4	8.88	8.81	8.84	8.8	8.85	8.86	8.87	8.82
Others	0	0	0	0	0	0	0	0	0	0
Total	5.68	5.68	12.67	12.67	12.67	12.67	12.67	12.67	12.67	12.67

Pros

Stock is trading at 0.6 times its book value
Debtor days have improved from 108.82 to 101.44days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 29.02%.
Company has a low return on equity of 5% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Asian Granito India

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Asian Granito India Research see more...

Overview Inc. Year: 1995Industry: Ceramics/Marble/Granite/Sanitaryware

Asian Granito India Share Price

Alert Data

Quarterly Price

Peer Comparison

Asian Granito India Quarterly Results

Asian Granito India Profit & Loss

Growth Rates

Asian Granito India Balance Sheet

Asian Granito India Cash Flow

Asian Granito India Ratios

Asian Granito India Shareholding Pattern

Asian Granito India News

Top Unlisted Companies & InstaBuy Companies

Merino Industries

IPO

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