Asian Granito India Ltd

Asian Granito India Ltd

₹ 89.7 -1.09%
30 Aug - close price
About

Incorporated in 1995, Asian Granito manufactures and trades Tiles, Marble and allied products[1]

Key Points

Business Overview:[1][2]
AGL is the 4th largest listed Ceramic Tiles company in India. It manufactures and markets a wide range of products, viz. Floor Tiles, Wall Tiles, Parking Tiles, Glazed Vitrified Tiles, Polished Vitrified Tiles, Double Charge Tiles, Countertops, Quartz Surfaces, Marble Surfaces, Sanitaryware, Bathware, CP Fittings, Faucets and Construction Chemicals.
Company has 14,000+ Touchpoints, 2,700+ Distributors, Dealers, and Sub dealers, 235 Exclusive franchise, and 12 company owned display centres.

  • Market Cap 1,137 Cr.
  • Current Price 89.7
  • High / Low 98.2 / 50.9
  • Stock P/E 39.6
  • Book Value 98.6
  • Dividend Yield 0.00 %
  • ROCE 3.99 %
  • ROE 2.46 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value

Cons

  • The company has delivered a poor sales growth of 5.36% over past five years.
  • Promoter holding is low: 29.0%
  • Company has a low return on equity of 2.03% over last 3 years.
  • Earnings include an other income of Rs.35.0 Cr.
  • Dividend payout has been low at 1.51% of profits over 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
237.32 315.43 377.09 419.26 263.68 351.67 339.80 398.59 292.67 341.44 320.24 350.79 277.57
221.14 291.72 349.95 398.80 251.31 341.00 357.80 442.14 288.87 329.03 315.01 342.62 269.67
Operating Profit 16.18 23.71 27.14 20.46 12.37 10.67 -18.00 -43.55 3.80 12.41 5.23 8.17 7.90
OPM % 6.82% 7.52% 7.20% 4.88% 4.69% 3.03% -5.30% -10.93% 1.30% 3.63% 1.63% 2.33% 2.85%
0.88 39.02 1.94 3.15 3.29 6.96 12.59 8.15 12.09 8.21 9.74 11.70 5.32
Interest 2.68 2.12 1.19 0.96 1.43 1.86 3.94 1.71 3.41 2.59 1.93 2.80 1.83
Depreciation 4.37 4.44 4.18 4.87 4.65 4.84 4.81 4.75 4.96 4.87 4.82 5.45 4.95
Profit before tax 10.01 56.17 23.71 17.78 9.58 10.93 -14.16 -41.86 7.52 13.16 8.22 11.62 6.44
Tax % 30.47% 7.35% 30.70% 29.75% 23.49% 20.68% -28.11% -23.05% 25.00% 35.79% 21.65% 21.94% 26.55%
6.96 52.05 16.43 12.49 7.34 8.68 -10.17 -32.21 5.64 8.45 6.44 9.06 4.72
EPS in Rs 0.55 4.11 1.30 0.99 0.58 0.68 -0.80 -2.54 0.44 0.67 0.51 0.71 0.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
708 759 823 873 946 1,005 1,005 1,013 1,036 1,349 1,354 1,305 1,290
639 695 763 803 865 920 961 945 938 1,267 1,396 1,277 1,256
Operating Profit 70 64 60 70 81 84 44 68 98 82 -43 28 34
OPM % 10% 8% 7% 8% 9% 8% 4% 7% 9% 6% -3% 2% 3%
2 1 1 1 6 5 3 7 3 50 35 44 35
Interest 25 21 22 24 24 21 18 20 17 7 9 11 9
Depreciation 22 22 19 21 16 17 17 18 18 18 19 20 20
Profit before tax 25 22 20 26 47 51 12 37 66 108 -36 41 39
Tax % 33% 37% 28% 27% 32% 35% 39% 20% 25% 18% -26% 27%
17 14 14 19 32 33 7 30 49 88 -26 30 29
EPS in Rs 2.09 1.70 1.74 2.27 2.85 2.97 0.66 2.66 3.91 6.94 -2.08 2.33 2.26
Dividend Payout % 13% 0% 0% 0% 12% 12% 25% 7% 3% 5% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: 8%
TTM: -7%
Compounded Profit Growth
10 Years: 8%
5 Years: 31%
3 Years: -15%
TTM: 202%
Stock Price CAGR
10 Years: 3%
5 Years: -8%
3 Years: -5%
1 Year: 38%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 23 23 23 30 30 30 30 34 57 127 127
Reserves 240 258 272 309 318 348 350 377 492 780 1,094 1,123
252 228 175 176 154 158 162 176 112 14 79 67
134 177 180 197 276 321 359 319 307 262 307 325
Total Liabilities 648 685 650 704 778 857 902 903 945 1,113 1,607 1,643
174 177 188 224 232 228 231 246 236 240 248 239
CWIP 3 7 15 1 1 1 0 1 0 1 0 0
Investments 18 20 18 35 34 48 54 37 47 107 76 344
454 481 429 444 512 579 616 619 663 765 1,283 1,060
Total Assets 648 685 650 704 778 857 902 903 945 1,113 1,607 1,643

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19 52 106 63 71 42 50 -23 56 -26 -54 -28
-49 -30 -34 -60 -23 -17 -21 -0 -10 -43 -450 38
34 -33 -76 -4 -47 -21 -19 -0 -28 111 462 -3
Net Cash Flow 4 -11 -4 -1 -0 4 10 -23 18 43 -43 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 88 89 70 74 97 116 120 121 123 110 108 105
Inventory Days 193 160 133 123 122 118 121 109 114 81 56 48
Days Payable 93 107 93 97 140 150 166 130 122 70 89 86
Cash Conversion Cycle 188 142 110 100 79 84 76 99 116 120 75 68
Working Capital Days 131 118 90 91 79 90 83 111 121 119 123 144
ROCE % 11% 9% 9% 10% 14% 14% 6% 10% 14% 10% -2% 4%

Shareholding Pattern

Numbers in percentages

33 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
26.12% 26.12% 29.00% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02%
0.16% 0.36% 0.56% 0.89% 1.48% 1.21% 1.57% 1.20% 1.07% 0.97% 1.36% 2.71%
0.49% 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.39%
73.23% 73.02% 70.45% 70.09% 69.50% 69.77% 69.42% 69.79% 69.91% 70.01% 69.62% 67.88%
No. of Shareholders 62,83464,64375,70491,98693,36391,19589,93691,43788,42786,55988,17182,396

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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