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Last Updated: April 2, 2026, 4:41 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 513528 | NSE: GLITTEKG

Glittek Granites Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹39.85Fairly Valued by 1.92%vs CMP ₹39.10

P/E (4.0) × ROE (280.0%) × BV (₹4.36) × DY (2.00%)

₹77.41Undervalued by 97.98%vs CMP ₹39.10
MoS: +49.5% (Strong)Confidence: 38/100 (Low)Models: 3 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹65.1334%Under (+66.6%)
Graham NumberEarnings₹30.9720%Over (-20.8%)
DCFCash Flow₹234.7416%Under (+500.4%)
Net Asset ValueAssets₹4.2211%Over (-89.2%)
Earnings YieldEarnings₹97.8011%Under (+150.1%)
Revenue MultipleRevenue₹0.388%Over (-99%)
Consensus (6 models)₹77.41100%Undervalued
Key Drivers: EPS CAGR 63.5% lifts DCF — verify sustainability. | Wide model spread (₹0–₹235) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 63.5%

*Investments are subject to market risks

Investment Snapshot

53
Glittek Granites Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health52/100 · Moderate
ROCE 115.0% ExcellentROE 280.0% ExcellentD/E 1.27 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money35/100 · Weak
Promoter decreased by 1.19% Caution
Earnings Quality50/100 · Moderate
OPM contracting (3% → -549%) DecliningWorking capital: -199 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -89% YoY DecliningOPM: 0.0% (up 614.9% YoY) Margin expansion
Industry Rank80/100 · Strong
P/E 4.0 vs industry 36.5 Cheaper than peersROCE 115.0% vs industry 15.2% Above peersROE 280.0% vs industry 30.5% Above peers3Y sales CAGR: -39% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Glittek Granites Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 4.0 vs Ind 36.5 | ROCE 115.0% | ROE 280.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.27x | IntCov 0.0x | Current 1.36x | Borrow/Reserve N/A
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹7 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom -1.19 pp
Business Momentum
0
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +25.0% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+98.0%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change-1.19 ppLatest promoter% minus previous promoter%
Shareholder Count Change-165Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+25.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:41 am

Market Cap 102 Cr.
Current Price 39.1
Intrinsic Value₹77.41
High / Low 80.2/4.40
Stock P/E4.00
Book Value 4.36
Dividend Yield0.00 %
ROCE115 %
ROE280 %
Face Value 5.00
PEG Ratio0.06

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

View Share Price Target for Glittek Granites Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Glittek Granites Ltd 102 Cr. 39.1 80.2/4.404.00 4.360.00 %115 %280 % 5.00
Global Surfaces Ltd 197 Cr. 46.6 145/43.7 69.90.00 %1.97 %9.08 % 10.0
Pokarna Ltd 2,696 Cr. 870 1,160/69323.7 2620.07 %28.4 %27.4 % 2.00
Oriental Trimex Ltd 38.0 Cr. 5.17 17.6/4.215.67 13.40.00 %4.92 %7.12 % 10.0
Elegant Marbles and Grani Industries Ltd 45.8 Cr. 154 274/13312.0 4920.65 %3.62 %2.93 % 10.0
Industry Average998.33 Cr123.3636.48180.540.48%15.18%30.50%8.09

All Competitor Stocks of Glittek Granites Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.715.911.982.311.011.611.040.210.470.310.050.000.00
Expenses 2.904.641.993.312.053.663.6812.213.364.440.640.640.44
Operating Profit 0.811.27-0.01-1.00-1.04-2.05-2.64-12.00-2.89-4.13-0.59-0.64-0.44
OPM % 21.83%21.49%-0.51%-43.29%-102.97%-127.33%-253.85%-5,714.29%-614.89%-1,332.26%-1,180.00%
Other Income 0.170.030.010.050.030.05-0.050.010.0131.210.670.230.16
Interest 0.330.430.460.430.410.410.420.510.580.420.010.010.02
Depreciation 0.210.200.190.160.060.060.040.030.040.020.000.000.00
Profit before tax 0.440.67-0.65-1.54-1.48-2.47-3.15-12.53-3.5026.640.07-0.42-0.30
Tax % 27.27%16.42%-27.69%-25.97%-0.68%23.89%0.00%0.00%0.00%2.29%28.57%-4.76%0.00%
Net Profit 0.320.56-0.48-1.14-1.48-3.06-3.15-12.54-3.4926.040.05-0.40-0.30
EPS in Rs 0.120.22-0.18-0.44-0.57-1.18-1.21-4.83-1.3410.030.02-0.15-0.12

Last Updated: March 3, 2026, 9:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:55 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4034342624211814913720
Expenses 3530312321201716101211236
Operating Profit 5332211-2-01-4-21-6
OPM % 12%10%10%9%10%5%5%-13%-4%9%-59%-1,039%-1,611%
Other Income 10-0000000003132
Interest 2111112112220
Depreciation 2111111111000
Profit before tax 11100-1-2-4-2-1-6726
Tax % 19%19%21%95%-276%-26%-26%-20%-1%-9%0%8%
Net Profit 11101-1-1-3-2-1-6725
EPS in Rs 0.460.290.280.000.47-0.35-0.49-1.19-0.89-0.30-2.372.649.78
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%0.00%-100.00%-200.00%0.00%-200.00%33.33%50.00%-500.00%216.67%
Change in YoY Net Profit Growth (%)0.00%0.00%-100.00%-100.00%200.00%-200.00%233.33%16.67%-550.00%716.67%

Glittek Granites Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-24%
5 Years:-35%
3 Years:-39%
TTM:-83%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:215%
Stock Price CAGR
10 Years:15%
5 Years:56%
3 Years:44%
1 Year:95%
Return on Equity
10 Years:-24%
5 Years:-63%
3 Years:-109%
Last Year:-280%

Last Updated: September 5, 2025, 3:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:57 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131313131313131313131313
Reserves 55666541-2-2-8-2-2
Borrowings 161818151818181820222001
Other Liabilities 4321222212220
Total Liabilities 38393836393837343335271312
Fixed Assets 1211109876543300
CWIP 0000000000000
Investments 0000000000014
Other Assets 2628282731313129293224128
Total Assets 38393836393837343335271312

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2013-1111-1-030
Cash from Investing Activity + -0-1-0-0000-000032
Cash from Financing Activity + -10-1-31-1-1-11-0-3-22
Net Cash Flow 0-0-00-0-00-000010
Free Cash Flow 2-013-1111-10333
CFO/OP 47%16%33%144%-48%71%170%-59%337%-2%-84%-5%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-11.00-15.00-15.00-13.00-16.00-17.00-17.00-20.00-20.00-21.00-24.00-21.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1401531601391441501381571802181610
Inventory Days 1132062186098441,0541,3729122,8481,3571,2182
Days Payable 253412264731506782111706
Cash Conversion Cycle 2293253677219421,1731,4601,0032,9461,4641,309-5
Working Capital Days 476790130164182198179401316241-199
ROCE %11%7%6%4%4%1%0%-8%-3%2%-15%-115%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.90%63.90%63.90%63.90%64.78%64.78%64.68%64.76%64.76%64.76%64.17%62.98%
DIIs 7.90%7.90%7.77%7.77%7.60%7.60%7.60%7.60%7.60%7.60%7.60%7.60%
Public 28.19%28.18%28.31%28.33%27.61%27.62%27.72%27.64%27.63%27.63%28.22%29.42%
No. of Shareholders 9,7619,7779,7769,7889,8509,8909,88510,13310,10810,13710,89810,733

Shareholding Pattern Chart

No. of Shareholders

Glittek Granites Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 2.64-2.37-0.30-0.89-1.19
Diluted EPS (Rs.) 2.64-2.37-0.30-0.89-1.19
Cash EPS (Rs.) 2.63-2.140.02-0.51-0.80
Book Value[Excl.RevalReserv]/Share (Rs.) 4.341.874.164.425.27
Book Value[Incl.RevalReserv]/Share (Rs.) 4.341.874.164.425.27
Revenue From Operations / Share (Rs.) 0.762.615.053.455.40
PBDIT / Share (Rs.) 3.58-1.490.63-0.03-0.64
PBIT / Share (Rs.) 3.54-1.670.31-0.39-1.01
PBT / Share (Rs.) 2.81-2.31-0.32-0.87-1.45
Net Profit / Share (Rs.) 2.58-2.31-0.29-0.86-1.16
PBDIT Margin (%) 467.96-57.3612.54-1.11-12.03
PBIT Margin (%) 461.71-64.056.17-11.39-18.69
PBT Margin (%) 366.77-88.70-6.42-25.37-26.92
Net Profit Margin (%) 336.81-88.70-5.80-25.17-21.58
Return on Networth / Equity (%) 59.44-123.83-7.04-19.61-22.12
Return on Capital Employeed (%) 81.49-46.544.90-6.98-18.91
Return On Assets (%) 51.96-22.84-2.20-6.91-9.03
Long Term Debt / Equity (X) 0.000.920.520.270.01
Total Debt / Equity (X) 0.004.091.991.731.27
Asset Turnover Ratio (%) 0.100.220.390.270.40
Current Ratio (X) 6.171.261.631.491.36
Quick Ratio (X) 6.120.200.480.300.37
Inventory Turnover Ratio (X) 0.220.070.080.130.23
Interest Coverage Ratio (X) 4.93-2.330.99-0.07-1.46
Interest Coverage Ratio (Post Tax) (X) 4.55-2.600.53-0.80-1.62
Enterprise Value (Cr.) 2.5628.3729.9830.6222.41
EV / Net Operating Revenue (X) 1.264.102.233.341.56
EV / EBITDA (X) 0.26-7.1417.81-300.50-12.98
MarketCap / Net Operating Revenue (X) 6.031.170.591.120.32
Price / BV (X) 1.061.630.720.870.33
Price / Net Operating Revenue (X) 6.031.170.591.120.32
EarningsYield 0.55-0.75-0.09-0.22-0.65

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Glittek Granites Ltd. is a Public Limited Listed company incorporated on 29/10/1990 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L14102KA1990PLC023497 and registration number is 023497. Currently company belongs to the Industry of Granites/Marbles. Company's Total Operating Revenue is Rs. 2.04 Cr. and Equity Capital is Rs. 13.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Granites/MarblesHonnappa Building ,2nd Floor , V.V. Extension Bengaluru Karnataka 562114Contact not found
Management
NamePosition Held
Mr. Ashoke AgarwalChairman & Managing Director
Mr. Tushar AgarwalManaging Director
Mr. Siddhartha AgarwalIndependent Director
Mr. Manish KillaIndependent Director
Mrs. Malvika SurekaIndependent Director

FAQ

What is the intrinsic value of Glittek Granites Ltd and is it undervalued?

As of 05 April 2026, Glittek Granites Ltd's intrinsic value is ₹77.41, which is 97.98% higher than the current market price of ₹39.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (280 %), book value (₹4.36), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Glittek Granites Ltd?

Glittek Granites Ltd is trading at ₹39.10 as of 05 April 2026, with a FY2026-2027 high of ₹80.2 and low of ₹4.40. The stock is currently in the middle of its 52-week range. Market cap stands at ₹102 Cr..

How does Glittek Granites Ltd's P/E ratio compare to its industry?

Glittek Granites Ltd has a P/E ratio of 4.00, which is below the industry average of 36.48. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Glittek Granites Ltd financially healthy?

Key indicators for Glittek Granites Ltd: ROCE of 115 % indicates efficient capital utilization; ROE of 280 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Glittek Granites Ltd profitable and how is the profit trend?

Glittek Granites Ltd reported a net profit of ₹7 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows an improving trend.

Does Glittek Granites Ltd pay dividends?

Glittek Granites Ltd has a dividend yield of 0.00 % at the current price of ₹39.10. The company is currently not paying meaningful dividends.

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 Glittek Granites 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
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