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Sri Vajra Granites Overview

1. Business Overview

Sri Vajra Granites Ltd. operates in the natural stone industry, specifically focusing on granite. Its core business model likely involves the extraction, processing, and sale of granite products. This typically includes quarrying raw granite blocks, further processing them into various forms such as polished slabs, cut-to-size tiles, and other customized products. The company primarily makes money by selling these granite products to various customers, which can include construction companies, real estate developers, infrastructure projects, architectural firms, and potentially exporters or direct retail consumers for residential and commercial applications. Given its sector, it may also deal in other natural stones or related building materials.

2. Key Segments / Revenue Mix

Specific revenue mix details for Sri Vajra Granites Ltd. are not available. However, based on typical operations in the granite industry, potential key segments could include:

Raw Granite Blocks: Selling unprocessed blocks directly from quarries.

Processed Slabs: Polished, honed, or flamed granite slabs for various applications.

Cut-to-Size Tiles/Products: Customized dimensions for specific projects.

Domestic Sales: Catering to the Indian construction and real estate markets.

Exports: Supplying granite products to international markets.

The precise contribution of each segment would depend on the company's operational focus and market strategy.

3. Industry & Positioning

The Indian ceramics, marble, granite, and sanitaryware sector is vast and diverse. The natural stone segment, particularly granite, is largely driven by the construction, infrastructure, and real estate industries. The industry is characterized by a mix of organized and unorganized players, with many small to medium-sized enterprises operating alongside a few larger, integrated companies. Competition is significant, stemming from both domestic and international players, as well as from alternative materials like engineered stone and ceramic tiles. Without specific market share or operational data, Sri Vajra Granites Ltd. is likely one of many players operating within this competitive landscape in India, possibly focusing on specific granite types, geographies, or customer segments.

4. Competitive Advantage (Moat)

Without specific information, it's difficult to confirm any durable competitive advantages for Sri Vajra Granites Ltd. However, potential moats in the granite industry typically include:

Proprietary Quarry Access: Ownership or long-term leases of high-quality granite reserves, especially unique colors or patterns, provides a significant advantage due to limited supply.

Cost Leadership: Achieved through efficient quarrying, advanced processing technology, and scale of operations, leading to lower per-unit costs.

Brand Reputation & Distribution: A strong brand in domestic or export markets, coupled with an extensive distribution network, can command premium pricing and customer loyalty.

Product Differentiation: Specialization in unique finishes, custom fabrication, or specific high-demand granite varieties.

For Sri Vajra Granites Ltd., the presence and quality of its owned or controlled granite quarries would be a primary determinant of its competitive edge.

5. Growth Drivers

Key factors that can drive growth for Sri Vajra Granites Ltd. over the next 3-5 years include:

Infrastructure Development: Government spending on roads, airports, public buildings, and urban development projects in India.

Real Estate Boom: Continued growth in residential and commercial construction driven by urbanization and rising disposable incomes.

Increasing Demand for Premium Materials: A shift towards natural and premium building materials for aesthetic and durability reasons in both domestic and export markets.

Export Opportunities: Growing global demand for Indian natural stones, subject to favorable trade policies and exchange rates.

Technological Advancements: Adoption of efficient quarrying and processing technologies to reduce costs and improve product quality.

6. Risks

Key business risks for Sri Vajra Granites Ltd. include:

Cyclicality of Construction & Real Estate: The company's performance is highly dependent on the cyclical nature of its primary end-user industries.

Environmental & Regulatory Hurdles: Strict environmental regulations, obtaining and renewing mining leases, and compliance with labor laws can impact operations and costs.

Commodity Price Volatility: Fluctuations in fuel, power, and other input costs can affect profitability.

Intense Competition: Pressure from numerous domestic and international players, as well as substitutes like engineered stone, can impact pricing power and market share.

Geological Risks: Uncertainties in quarrying related to granite availability, quality, and geological conditions.

Export Market Volatility: Exposure to currency fluctuations, trade barriers, and geopolitical events if heavily reliant on international sales.

7. Management & Ownership

Specific details regarding the promoters, management team's background, or the precise ownership structure of Sri Vajra Granites Ltd. are not provided. Typically, Indian companies like this are often promoter-driven, with the founding family or individuals holding a significant stake and playing a direct role in management. Ownership would generally consist of promoter holdings, institutional investors (if publicly traded and tracked), and public shareholders. The quality of management would be assessed based on strategic execution, operational efficiency, and financial prudence over time.

8. Outlook

Sri Vajra Granites Ltd. operates in an industry with significant long-term potential, underpinned by India's ongoing infrastructure push, urbanization, and real estate growth. The increasing preference for natural stones in both domestic and international markets provides a favorable demand environment. However, the company also faces inherent challenges typical of the sector, including intense competition, capital-intensive operations, strict environmental regulations, and the cyclicality of the construction industry. Its future performance will largely depend on its ability to secure high-quality granite reserves, maintain operational efficiency, effectively manage regulatory compliance, and strategically navigate competitive pressures while capitalizing on market demand.

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Sri Vajra Granites Key Financials

Market Cap ₹1 Cr.

Stock P/E -17.8

P/B -0.2

Current Price ₹1.6

Book Value ₹ -6.9

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Sri Vajra Granites Share Price

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Volume
Price

Sri Vajra Granites Quarterly Price

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Sri Vajra Granites Peer Comparison

Sri Vajra Granites Quarterly Results

#(Fig in Cr.) Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 -0 -0 -0 -0 0 -0 -0
Interest 0 0 0 0 0 0 0 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 0 -0 -0 -0 -0 -0 -0 0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 -0 -0 -0 -0 -0 -0 0 -0 -0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 -0 -0 -0 -0 -0 0 -0 -0
Adjusted Earnings Per Share 0.2 -0.4 -0.2 -0 -0 -0 -0.1 0 -0 -0

Sri Vajra Granites Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
Net Sales 10 13 14 8 4 1 1 0 0 0 0 0
Other Income 0 0 0 0 0 1 1 0 0 0 0 0
Total Income 10 13 14 8 4 3 2 0 0 0 0 0
Total Expenditure 10 12 13 10 6 5 3 1 1 1 0 0
Operating Profit -1 0 1 -3 -2 -2 -1 -1 -1 -0 -0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses -0 -0 -0 0 -0 -0 0 0 -0 0 0 0
Profit Before Tax -1 -1 -0 -4 -2 -3 -1 -1 -1 -0 -0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 -1 -0 -4 -2 -3 -1 -1 -1 -0 -0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -1 -0 -4 -2 -3 -1 -1 -1 -0 -0 0
Adjusted Earnings Per Share -1.9 -0.7 -0.3 -4.9 -3 -4.1 -1.9 -1.1 -1 -0.6 -0.1 -0.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% -100% -100%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 0% 0% -5% -11%
ROE Average 0% 0% 0% -16%
ROCE Average 0% 0% -49% -36%

Sri Vajra Granites Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Shareholder's Funds 8 8 7 4 1 -2 -3 -4 -5 -5 -5
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 6 6 5 7 10 9 7 8 8 6 6
Total Liabilities 15 14 13 12 11 7 5 4 3 1 1
Fixed Assets 4 4 3 3 2 2 2 2 1 0 0
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 10 10 9 8 9 5 3 2 2 1 1
Total Assets 15 14 13 12 11 7 5 4 3 1 1

Sri Vajra Granites Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Opening Cash & Cash Equivalents 1 0 0 0 0 0 0 0 0 1 0
Cash Flow from Operating Activities -0 0 -0 -0 0 -1 -1 -0 0 -2 -0
Cash Flow from Investing Activities -0 -0 0 0 0 1 1 0 0 1 0
Cash Flow from Financing Activities -0 -0 -0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow -1 0 -0 -0 0 -0 -0 -0 1 -1 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 1 0 0

Sri Vajra Granites Ratios

# Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Earnings Per Share (Rs) -1.88 -0.73 -0.3 -4.87 -3.04 -4.09 -1.89 -1.06 -1.02 -0.6 -0.09
CEPS(Rs) -1.15 -0.01 0.36 -4.4 -2.59 -3.8 -1.6 -0.77 -0.78 -0.56 -0.09
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 11.22 10.49 10.2 5.32 1.86 -2.23 -4.12 -5.18 -6.2 -6.8 -6.89
Core EBITDA Margin(%) -5.29 2.46 6.53 -37.59 -36.3 -230.24 -281.44 -558.56 -637.35 -259.24 0
EBIT Margin(%) -10.67 -1.41 0.84 -41.41 -42.15 -173.67 -186.59 -751.16 -922.2 -240.03 0
Pre Tax Margin(%) -14.08 -4.18 -1.51 -45.9 -49.1 -194.53 -191.25 -754.5 -922.36 -240.22 0
PAT Margin (%) -14.08 -4.18 -1.51 -45.9 -49.1 -194.53 -191.25 -754.5 -922.36 -240.22 0
Cash Profit Margin (%) -8.65 -0.05 1.84 -41.48 -41.93 -180.54 -161.7 -547.37 -705.34 -225.34 0
ROA(%) -8.8 -3.78 -1.62 -28.85 -19.2 -31.65 -22.9 -18.33 -20.43 -18.92 -5.75
ROE(%) -15.45 -6.75 -2.87 -62.81 -84.61 0 0 0 0 0 0
ROCE(%) -8.8 -1.67 1.13 -35.34 -29.42 -76.41 -245.01 0 0 0 0
Receivable days 106.8 71.16 75.77 154.6 194.01 394.77 627.52 3622.24 4390.85 1879.25 0
Inventory Days 233.1 169.84 131.86 214.95 432.12 1127.71 1154.49 3615.34 2791.21 0 0
Payable days 174.37 127.08 70.15 82.32 366.6 119.85 177.83 500.5 703.12 959.86 0
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.48 0.22 0.3 0.55 3.26 -2.36 0 -0.45 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.67 0.35 0.37 0.76 1.9 4.8 14.39 50.65 144.28 57.19 0
EV/Core EBITDA(x) -12.92 11.93 5.52 -2 -5.42 -2.87 -8.67 -7.89 -19.18 -22.06 -155
Net Sales Growth(%) 12.21 31.09 11.92 -46.69 -42.2 -66.65 -53.26 -87.3 -21.1 165.87 -100
EBIT Growth(%) 60.7 82.69 166.79 -2769.52 40.67 -40.1 49.57 42.93 3.14 41.36 84.59
PAT Growth(%) 53.9 61 59.55 -1543.29 37.66 -34.72 53.85 44.07 3.55 41.32 84.6
EPS Growth(%) 53.9 61 59.54 -1543.02 37.66 -34.72 53.85 44.07 3.55 41.32 84.6
Debt/Equity(x) 0.33 0.39 0.43 0.94 2.97 -1.98 -0.84 -0.71 -0.68 -0.63 -0.62
Current Ratio(x) 1.67 1.68 1.84 1.14 0.91 0.61 0.36 0.28 0.27 0.19 0.19
Quick Ratio(x) 0.64 0.69 0.94 0.53 0.27 0.23 0.19 0.18 0.21 0.19 0.19
Interest Cover(x) -3.13 -0.51 0.36 -9.21 -6.07 -8.33 -40.04 -225.12 -5492.67 -1309.66 0
Total Debt/Mcap(x) 0.68 1.75 1.41 1.71 0.91 0.84 0 1.56 0 0 0

Sri Vajra Granites Shareholding Pattern

# Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
Promoter 25.81 25.81 25.81 25.81 25.81 25.81 25.81 25.81 25.81 25.81
FII 0 0 0 0 0 0 0 0 0 0
DII 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43
Public 73.76 73.76 73.76 73.76 73.76 73.76 73.76 73.76 73.76 73.76
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sri Vajra Granites News

Sri Vajra Granites Pros & Cons

Pros

  • Stock is trading at -0.2 times its book value
  • Debtor days have improved from 959.86 to 0days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 25.81%.
  • Company has a low return on equity of 0% over the last 3 years.
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