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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Asian Granito India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 1:06 pm

Market Cap 1,014 Cr.
Current Price 72.8
High / Low98.2/50.9
Stock P/E
Book Value 98.1
Dividend Yield0.00 %
ROCE1.24 %
ROE0.92 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Asian Granito India Ltd

Competitors of Asian Granito India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Exxaro Tiles Ltd 412 Cr. 92.1133/76.0 60.90.00 %4.54 %0.72 % 10.0
Carysil Ltd 2,226 Cr. 7841,151/72135.1 1740.26 %17.1 %17.6 % 2.00
Somany Ceramics Ltd 2,642 Cr. 644873/56133.2 1800.47 %14.4 %12.9 % 2.00
Orient Bell Ltd 458 Cr. 314447/300684 2140.16 %0.97 %0.34 % 10.0
Nitco Ltd 852 Cr. 119127/26.8 71.30.00 %14.0 %% 10.0
Industry Average4,011.33 Cr1,029.64149.00206.410.37%11.55%19.42%7.00

All Competitor Stocks of Asian Granito India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales384.46434.14272.98375.75436.64478.45310.03397.77399.17455.75334.80400.93371.23
Expenses334.98392.81248.03342.27399.56449.32304.66398.64427.74499.80325.16380.98369.73
Operating Profit49.4841.3324.9533.4837.0829.135.37-0.87-28.57-44.059.6419.951.50
OPM %12.87%9.52%9.14%8.91%8.49%6.09%1.73%-0.22%-7.16%-9.67%2.88%4.98%0.40%
Other Income0.560.130.2538.821.451.651.914.896.913.065.511.201.28
Interest8.008.046.236.315.575.285.595.385.5810.407.817.135.18
Depreciation7.227.317.227.727.247.897.718.559.248.649.7112.2612.10
Profit before tax34.8226.1111.7558.2725.7217.61-6.02-9.91-36.48-60.03-2.371.76-14.50
Tax %28.06%27.15%31.49%7.31%30.13%34.30%29.24%23.61%26.26%19.74%-49.79%259.09%44.21%
Net Profit25.5820.328.4054.1717.9611.56-4.26-7.57-26.89-48.18-3.54-2.80-8.10
EPS in Rs2.181.550.654.251.410.95-0.17-0.26-1.78-3.53-0.19-0.10-0.49

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2008Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2157087758469941,0611,1561,1871,2251,2921,5641,5631,563
Expenses1626397127869039341,0171,0991,1071,1561,4441,6351,576
Operating Profit547063609112713988118136120-73-13
OPM %25%10%8%7%9%12%12%7%10%11%8%-5%-1%
Other Income12111589105502111
Interest7252123294139374035262731
Depreciation7222219282425273129303443
Profit before tax41252219356783335777114-112-75
Tax %28%33%39%30%32%28%31%30%19%25%19%23%
Net Profit3017121526495723465892-87-63
EPS in Rs3.802.091.451.772.914.054.741.883.794.527.26-5.74-4.31
Dividend Payout %7%13%0%0%0%9%7%9%5%3%4%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-29.41%25.00%73.33%88.46%16.33%-59.65%100.00%26.09%58.62%-194.57%
Change in YoY Net Profit Growth (%)0.00%54.41%48.33%15.13%-72.14%-75.98%159.65%-73.91%32.53%-253.19%

Asian Granito India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:5%
3 Years:6%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:95%
Stock Price CAGR
10 Years:-4%
5 Years:-14%
3 Years:-13%
1 Year:-14%
Return on Equity
10 Years:4%
5 Years:2%
3 Years:-1%
Last Year:-1%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital22232323303030303457127127
Reserves2402532673413694054214665898611,1291,116
Borrowings252228175335327340361332295199227248
Other Liabilities134182186251334416469431450412439416
Total Liabilities6486856519501,0601,1911,2811,2591,3671,5291,9221,907
Fixed Assets174178188392413426472463457476577783
CWIP371561110924521770
Investments181311131723283046661323
Other Assets4544884385396297317827578399351,1551,101
Total Assets6486856519501,0601,1911,2811,2591,3671,5291,9221,907

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1962104216394885646-7-49-82
Cash from Investing Activity +-49-28-33-221-40-48-62-41-26-23-42371
Cash from Financing Activity +34-43-76203-22-42-16-4010984088
Net Cash Flow4-10-43159-243067-64-4

Free Cash Flow

MonthMar 2008Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow54.00-182.00-165.00-115.00-244.00-200.00-201.00-273.00-214.00-159.00-79.00-300.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days889071721031271231121191099797
Inventory Days19315713014517916417414914212388103
Days Payable931079392150177192159134105106106
Cash Conversion Cycle1881401081251321141051021261278093
Working Capital Days1311179010210710193108126123115156
ROCE %8%9%11%14%16%9%11%12%10%-6%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters26.12%26.12%29.00%29.02%29.02%29.02%29.02%29.02%29.02%29.02%29.02%29.02%
FIIs0.16%0.36%0.56%0.89%1.48%1.21%1.57%1.20%1.07%0.97%1.36%2.71%
DIIs0.49%0.50%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.39%
Public73.23%73.02%70.45%70.09%69.50%69.77%69.42%69.79%69.91%70.01%69.62%67.88%
No. of Shareholders62,83464,64375,70491,98693,36391,19589,93691,43788,42786,55988,17182,396

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.97-6.1020.6318.5714.02
Diluted EPS (Rs.)-0.97-6.1020.6318.5714.02
Cash EPS (Rs.)2.14-4.1621.4424.9724.69
Book Value[Excl.RevalReserv]/Share (Rs.)100.99100.78167.87192.58181.66
Book Value[Incl.RevalReserv]/Share (Rs.)100.99100.78167.87192.58181.66
Revenue From Operations / Share (Rs.)120.76123.30275.56379.48406.99
PBDIT / Share (Rs.)5.00-4.0529.7840.9641.69
PBIT / Share (Rs.)1.29-6.7424.4832.3431.46
PBT / Share (Rs.)-1.18-8.8719.9722.0818.16
Net Profit / Share (Rs.)-1.57-6.8616.1416.3514.46
NP After MI And SOA / Share (Rs.)-0.96-5.7416.2016.7414.02
PBDIT Margin (%)4.14-3.2810.8010.7910.24
PBIT Margin (%)1.07-5.478.888.527.73
PBT Margin (%)-0.97-7.197.245.814.46
Net Profit Margin (%)-1.29-5.565.854.303.55
NP After MI And SOA Margin (%)-0.80-4.655.874.413.44
Return on Networth / Equity (%)-0.96-5.7810.019.108.15
Return on Capital Employeed (%)1.15-6.2112.8013.2114.25
Return On Assets (%)-0.64-3.786.014.163.35
Long Term Debt / Equity (X)0.090.060.090.170.15
Total Debt / Equity (X)0.180.170.200.400.59
Asset Turnover Ratio (%)0.790.901.090.940.92
Current Ratio (X)2.272.062.201.581.23
Quick Ratio (X)1.721.591.460.980.74
Inventory Turnover Ratio (X)1.030.940.670.530.68
Dividend Payout Ratio (NP) (%)0.00-12.201.863.794.27
Dividend Payout Ratio (CP) (%)0.00-23.011.402.502.47
Earning Retention Ratio (%)0.00112.2098.1496.2195.73
Cash Earning Retention Ratio (%)0.00123.0198.6097.5097.53
Interest Coverage Ratio (X)2.02-1.906.613.993.14
Interest Coverage Ratio (Post Tax) (X)0.36-2.224.582.592.09
Enterprise Value (Cr.)915.91468.31744.79757.23819.12
EV / Net Operating Revenue (X)0.590.290.470.580.66
EV / EBITDA (X)14.45-9.124.415.436.53
MarketCap / Net Operating Revenue (X)0.470.280.350.370.40
Retention Ratios (%)0.00112.2098.1396.2095.72
Price / BV (X)0.570.350.610.780.95
Price / Net Operating Revenue (X)0.470.280.350.370.40
EarningsYield-0.01-0.160.160.110.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Asian Granito India Ltd as of November 14, 2024 is: 13.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, Asian Granito India Ltd is Overvalued by 81.03% compared to the current share price 72.80

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Asian Granito India Ltd as of November 14, 2024 is: 8.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, Asian Granito India Ltd is Overvalued by 87.80% compared to the current share price 72.80

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -35.70%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (538.08 cr) compared to borrowings (276.58 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (272.77 cr) and profit (29.69 cr) over the years.
  1. The stock has a low average ROCE of 7.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 114.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 120.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Asian Granito India Ltd:
    1. Net Profit Margin: -1.29%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 1.15% (Industry Average ROCE: 11.55%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -0.96% (Industry Average ROE: 19.42%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.36
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.72
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 149)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.18
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Asian Granito India Ltd. is a Public Limited Listed company incorporated on 08/08/1995 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17110GJ1995PLC027025 and registration number is 027025. Currently Company is involved in the business activities of Manufacture of refractory ceramic products. Company’s Total Operating Revenue is Rs. 1349.10 Cr. and Equity Capital is Rs. 56.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware202, Dev Arc, Opp. Iskon Temple, Ahmedabad Gujarat 380059info@aglasiangranito.com
http://www.aglasiangranito.com
Management
NamePosition Held
Mr. Kamleshbhai PatelChairman & Managing Director
Mr. Mukeshbhai J PatelManaging Director
Mr. Sureshbhai PatelExecutive Director
Mr. Bhaveshbhai PatelExecutive Director
Mr. Bhogibhai PatelExecutive Director
Mr. Hemendrakumar ShahIndependent Director
Mr. Mukesh ShahIndependent Director
Mr. Maganlal ParajapatiIndependent Director
Mr. Kandarp TrivediIndependent Director
Dr. Yashree DixitIndependent Director

FAQ

What is the latest intrinsic value of Asian Granito India Ltd?

The latest intrinsic value of Asian Granito India Ltd as on 14 November 2024 is ₹13.81, which is 81.03% lower than the current market price of ₹72.80.

What is the Market Cap of Asian Granito India Ltd?

The Market Cap of Asian Granito India Ltd is 1,014 Cr..

What is the current Stock Price of Asian Granito India Ltd as on 14 November 2024?

The current stock price of Asian Granito India Ltd as on 14 November 2024 is ₹72.8.

What is the High / Low of Asian Granito India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Asian Granito India Ltd stocks is 98.2/50.9.

What is the Stock P/E of Asian Granito India Ltd?

The Stock P/E of Asian Granito India Ltd is .

What is the Book Value of Asian Granito India Ltd?

The Book Value of Asian Granito India Ltd is 98.1.

What is the Dividend Yield of Asian Granito India Ltd?

The Dividend Yield of Asian Granito India Ltd is 0.00 %.

What is the ROCE of Asian Granito India Ltd?

The ROCE of Asian Granito India Ltd is 1.24 %.

What is the ROE of Asian Granito India Ltd?

The ROE of Asian Granito India Ltd is 0.92 %.

What is the Face Value of Asian Granito India Ltd?

The Face Value of Asian Granito India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Asian Granito India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE