Asian Granito India Ltd
₹ 73.2
1.30%
04 Dec
1:52 p.m.
About
Incorporated in 1995, Asian Granito manufactures and trades Tiles, Marble and allied products[1]
Key Points
- Market Cap ₹ 1,019 Cr.
- Current Price ₹ 73.2
- High / Low ₹ 98.2 / 50.9
- Stock P/E 45.4
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE 3.96 %
- ROE 2.43 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.72 times its book value
Cons
- The company has delivered a poor sales growth of 5.36% over past five years.
- Promoter holding is low: 33.5%
- Company has a low return on equity of 2.02% over last 3 years.
- Earnings include an other income of Rs.32.3 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.
Peer comparison
Sector: Ceramic Products Industry: Ceramics - Tiles / Sanitaryware
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 1,271 | |
| 639 | 695 | 763 | 803 | 865 | 920 | 961 | 945 | 938 | 1,267 | 1,396 | 1,277 | 1,245 | |
| Operating Profit | 70 | 64 | 60 | 70 | 81 | 84 | 44 | 68 | 98 | 82 | -43 | 28 | 26 |
| OPM % | 10% | 8% | 7% | 8% | 9% | 8% | 4% | 7% | 9% | 6% | -3% | 2% | 2% |
| 2 | 1 | 1 | 1 | 6 | 5 | 3 | 7 | 3 | 50 | 35 | 44 | 32 | |
| 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 | 29 |
| 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 | 22 | |
| 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 | 1.76 |
| 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: | 179% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -13% |
| 3 Years: | -9% |
| 1 Year: | -2% |
| 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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 23 | 23 | 23 | 30 | 30 | 30 | 30 | 34 | 57 | 127 | 127 | 127 |
| Reserves | 242 | 258 | 272 | 309 | 318 | 348 | 350 | 398 | 495 | 780 | 1,094 | 1,148 | 1,154 |
| 252 | 228 | 175 | 176 | 154 | 158 | 162 | 176 | 112 | 14 | 79 | 67 | 84 | |
| 132 | 177 | 180 | 197 | 276 | 321 | 359 | 298 | 304 | 262 | 307 | 301 | 318 | |
| Total Liabilities | 648 | 685 | 650 | 704 | 778 | 857 | 902 | 903 | 945 | 1,113 | 1,607 | 1,643 | 1,684 |
| 174 | 177 | 188 | 224 | 232 | 228 | 231 | 246 | 236 | 240 | 248 | 239 | 236 | |
| CWIP | 3 | 7 | 15 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Investments | 18 | 20 | 18 | 35 | 34 | 48 | 54 | 37 | 47 | 107 | 76 | 344 | 333 |
| 454 | 481 | 429 | 444 | 512 | 579 | 616 | 619 | 663 | 765 | 1,283 | 1,060 | 1,115 | |
| Total Assets | 648 | 685 | 650 | 704 | 778 | 857 | 902 | 903 | 945 | 1,113 | 1,607 | 1,643 | 1,684 |
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% | 8% | 9% | 10% | 14% | 14% | 6% | 10% | 13% | 10% | -2% | 4% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
23 Nov - Conversion of warrants into equity shares approved.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Nov - Asian Granito reports Q2FY25 consolidated net sales of Rs. 384 crore.
- Announcement under Regulation 30 (LODR)-Investor Presentation 14 Nov
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Board Meeting Outcome for Outcome Of Board Meeting
14 Nov - Approved financial results and new subsidiary incorporation.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Oct 2015TranscriptNotesPPT
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Sep 2015TranscriptNotesPPT
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.