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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Asian Granito India Ltd

About the Company - Asian Granito India Ltd

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

Basic Stock Data of Asian Granito India Ltd

Last Updated: July 26, 2024, 10:59 pm

Market Cap 1,014 Cr.
Current Price 79.9
High / Low86.1/44.2
Stock P/E
Book Value 98.1
Dividend Yield0.00 %
ROCE1.24 %
ROE0.92 %
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Asian Granito India Ltd Quarterly Results

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: July 10, 2024, 3:11 pm

Asian Granito India Ltd Quarterly Chart

Asian Granito India Ltd Profit & Loss

Last Updated: July 10, 2024, 3:11 pm

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%

Asian Granito India Ltd Profit & Loss Yearly Chart

Asian Granito India Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:5%
3 Years:6%
TTM:-2%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:84%
Stock Price CAGR
10 Years:6%
5 Years:-11%
3 Years:-11%
1 Year:69%
Return on Equity
10 Years:4%
5 Years:2%
3 Years:-1%
Last Year:-1%

Last Updated: July 24, 2024, 6:04 pm

Asian Granito India Ltd Balance Sheet

Last Updated: July 10, 2024, 3:11 pm

MonthMar 2008Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2122232323303030303457127127
Reserves1462402532673413694054214665898611,1291,150
Borrowings65252228175335327340361332295199227266
Other Liabilities60134182186251334416469431450412439451
Total Liabilities2926486856519501,0601,1911,2811,2591,3671,5291,9221,994
Fixed Assets103174178188392413426472463457476577738
CWIP113715611109245217748
Investments14181311131723283046661344
Other Assets1644544884385396297317827578399351,1551,164
Total Assets2926486856519501,0601,1911,2811,2591,3671,5291,9221,994

Asian Granito India Ltd Reserves and Borrowings Chart

Asian Granito India Ltd 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

Asian Granito India Ltd Financial Efficiency Indicators

MonthMar 2008Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days768890717210312712311211910997
Inventory Days60419315713014517916417414914212388
Days Payable201931079392150177192159134105106
Cash Conversion Cycle47818814010812513211410510212612780
Working Capital Days1661311179010210710193108126123115
ROCE %26%8%9%11%14%16%9%11%12%10%-6%

Asian Granito India Ltd Financial Efficiency Indicators Chart

Asian Granito India Ltd 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

Asian Granito India Ltd Shareholding Pattern Chart

No. of Asian Granito India Ltd Shareholders

This stock is not held by any mutual fund

Asian Granito India Ltd ROCE Trend

Asian Granito India Ltd EPS Trend

Asian Granito India Ltd 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

Asian Granito India Ltd Profitability Ratios (%)

Asian Granito India Ltd Liquidity Ratios

Asian Granito India Ltd Liquidity Ratios (%)

Asian Granito India Ltd Interest Coverage Ratios (%)

Asian Granito India Ltd Valuation Ratios

Fair Value

Fair Value: 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.

Overvalued: 82.72% compared to the current price 79.9

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

Intrinsic Value: 8.88

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 88.89% compared to the current price 79.9

Default values used*: Deafault 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 of Asian Granito India Ltd Stock

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 10.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 114.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 152.08, which may not be favorable.

FAQ

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

The latest fair value of Asian Granito India Ltd is ₹13.81.

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 27 July 2024?

The current stock price of Asian Granito India Ltd as on 27 July 2024 is 79.9.

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 86.1/44.2.

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