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Glittek Granites Overview

Glittek Granites Ltd. is a company engaged in the mining, processing, and export of natural stone products, primarily granite. The company specializes in quarrying high-quality granite blocks and slabs, which are then processed and finished for use in construction, interior decoration, and architectural applications. Glittek Granites caters to both domestic and international markets, supplying granite products to builders, architects, and exporters. The company operates with a focus on maintaining consistent quality, efficient quarrying techni...Read More

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Glittek Granites Key Financials

Market Cap ₹111 Cr.

Stock P/E 16.1

P/B 10.2

Current Price ₹42.6

Book Value ₹ 4.2

Face Value 5

52W High ₹42.6

Dividend Yield 0%

52W Low ₹ 3.2

Glittek Granites Share Price

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Volume
Price

Glittek Granites Quarterly Price

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Glittek Granites Peer Comparison

Glittek Granites Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 2 2 1 2 1 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 31 1 0
Total Income 2 2 1 2 1 0 0 32 1 0
Total Expenditure 2 3 2 4 4 12 3 4 1 1
Operating Profit -0 -1 -1 -2 -3 -12 -3 27 0 -0
Interest 0 0 0 0 0 1 1 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 -0 0 0 0 0 0
Profit Before Tax -1 -2 -1 -2 -3 -13 -3 27 0 -0
Provision for Tax -0 -0 -0 1 0 0 0 1 0 -0
Profit After Tax -0 -1 -1 -3 -3 -13 -3 26 0 -0
Adjustments 0 -0 0 0 0 0 -0 0 0 -0
Profit After Adjustments -0 -1 -1 -3 -3 -13 -3 26 0 -0
Adjusted Earnings Per Share -0.2 -0.9 -0.6 -1.1 -1.2 -4.7 -1.3 9.8 0 -0.2

Glittek Granites Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 34 34 26 24 21 18 14 9 13 7 2 0
Other Income 0 -0 0 0 0 0 0 0 0 0 31 32
Total Income 34 34 26 24 21 18 15 9 14 7 33 33
Total Expenditure 31 31 24 21 20 17 16 10 12 11 24 9
Operating Profit 3 3 2 2 1 1 -2 -0 2 -4 10 24
Interest 1 1 1 1 1 2 1 1 2 2 2 1
Depreciation 1 1 1 1 1 1 1 1 1 0 0 0
Exceptional Income / Expenses 0 -0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 0 -1 -2 -4 -2 -1 -6 7 24
Provision for Tax 0 0 0 -1 -0 -0 -1 -0 -0 0 1 1
Profit After Tax 1 1 0 1 -1 -1 -3 -2 -1 -6 7 23
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 0 1 -1 -1 -3 -2 -1 -6 7 23
Adjusted Earnings Per Share 0.3 0.3 0 0.5 -0.3 -0.5 -1.2 -0.9 -0.3 -2.4 2.6 8.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -71% -39% -36% -25%
Operating Profit CAGR 0% 0% 58% 13%
PAT CAGR 0% 0% 0% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 1310% 141% 91% 35%
ROE Average 86% -0% -8% -3%
ROCE Average 51% 13% 6% 4%

Glittek Granites Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 18 19 19 19 18 17 14 12 11 5 12
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 0 0 0 0 0 4 6 5 0
Other Non-Current Liabilities 0 0 0 0 -0 -1 -1 -1 -2 -2 -2
Total Current Liabilities 21 19 17 20 20 20 20 17 18 17 2
Total Liabilities 39 38 36 39 38 37 33 32 34 25 12
Fixed Assets 11 10 9 8 7 6 5 4 3 3 0
Other Non-Current Assets 1 0 0 0 0 0 0 1 1 1 1
Total Current Assets 27 28 26 31 30 30 27 27 30 22 11
Total Assets 39 38 36 39 38 37 33 32 34 25 12

Glittek Granites Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 0 1 3 -1 1 1 1 -1 -0 3 0
Cash Flow from Investing Activities -1 -0 -0 0 0 0 -0 0 0 0 32
Cash Flow from Financing Activities 0 -1 -3 1 -1 -1 -1 1 -0 -3 -22
Net Cash Inflow / Outflow -0 -0 0 -0 -0 0 -0 -0 0 0 10
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 10

Glittek Granites Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.29 0.28 0 0.48 -0.35 -0.49 -1.19 -0.89 -0.3 -2.37 2.64
CEPS(Rs) 0.7 0.67 0.39 0.86 0.03 -0.12 -0.82 -0.53 0.03 -2.19 2.69
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 6.91 7.19 7.19 7.29 6.94 6.48 5.27 4.41 4.14 1.79 4.32
Core EBITDA Margin(%) 9.68 9.74 8.24 10.04 5.45 4.51 -13.09 -3.83 9.47 -59.28 -1067.31
EBIT Margin(%) 7.13 6.3 4.84 6.17 0.98 0.68 -18.01 -11.39 6.18 -64.05 461.71
Pre Tax Margin(%) 2.76 2.66 0.73 1.39 -5.76 -9.7 -26.94 -25.37 -6.42 -88.71 366.77
PAT Margin (%) 2.23 2.12 0 5.19 -4.25 -7.11 -21.6 -25.17 -5.8 -88.71 336.82
Cash Profit Margin (%) 5.33 5.12 3.95 9.4 0.4 -1.76 -14.93 -14.89 0.56 -82.02 343.06
ROA(%) 1.96 1.85 0 3.3 -2.35 -3.45 -8.93 -7.12 -2.37 -20.77 36.4
ROE(%) 4.22 3.94 0 6.57 -4.87 -7.34 -20.3 -18.36 -7.02 -79.82 86.4
ROCE(%) 6.85 5.88 3.49 4.15 0.58 0.34 -7.71 -3.25 2.54 -15.21 51.12
Receivable days 157.39 155.59 174.64 146.49 156.06 157.28 165.09 213.25 170.89 292.3 0
Inventory Days 103.73 123.18 191.17 266.61 344.87 432.85 534.21 831.44 584.24 1041.87 1658.69
Payable days 40.63 28.7 25.05 37.81 43.34 43.94 51.97 136.59 75.84 92.1 13.75
PER(x) 9.8 7.99 0 5.34 0 0 0 0 0 0 1.75
Price/Book(x) 0.42 0.31 0.26 0.35 0.24 0.16 0.34 0.88 0.72 1.7 1.07
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.73 0.68 0.77 0.99 1.02 1.12 1.58 3.31 2.22 4.07 1.12
EV/Core EBITDA(x) 7.17 7.29 8.78 9.53 18.17 18.58 -13.89 -298.14 17.7 -7.09 0.24
Net Sales Growth(%) -14.28 -0.3 -24.58 -7.31 -10.99 -15.03 -20.27 -36.07 46.44 -48.4 -70.6
EBIT Growth(%) -33.1 -11.86 -42.06 18.2 -85.86 -41.47 -2225.15 59.57 179.4 -635 311.94
PAT Growth(%) -36.63 -5.18 -99.99 0 -172.96 -42.1 -142.02 25.49 66.24 -688.82 211.63
EPS Growth(%) -36.64 -5.19 -99.99 0 -172.96 -42.11 -142.03 25.49 66.25 -688.93 211.63
Debt/Equity(x) 0.98 0.93 0.82 0.89 0.95 1.04 1.29 1.73 1.99 4.09 0
Current Ratio(x) 1.33 1.45 1.57 1.55 1.55 1.5 1.36 1.58 1.63 1.27 4.79
Quick Ratio(x) 0.78 0.87 0.66 0.59 0.51 0.41 0.37 0.32 0.48 0.2 4.75
Interest Cover(x) 1.63 1.73 1.18 1.29 0.15 0.07 -2.02 -0.81 0.49 -2.6 4.86
Total Debt/Mcap(x) 2.41 3.07 3.22 2.6 3.99 6.72 3.94 2.03 2.83 2.56 0

Glittek Granites Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 63.91 63.91 64.79 64.79 64.69 64.76 64.76 64.76 64.18 62.99
FII 0 0 0 0 0 0 0 0 0 0
DII 7.77 7.77 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6
Public 28.32 28.32 27.61 27.61 27.71 27.63 27.63 27.63 28.22 29.41
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Glittek Granites News

Glittek Granites Pros & Cons

Pros

  • Debtor days have improved from 92.1 to 13.75days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -0% over the last 3 years.
  • Stock is trading at 10.2 times its book value.
  • Earnings include an other income of Rs. 31 Cr.
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