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Last Updated on: 05 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Lexus Granito (India) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 4, 2024, 5:22 pm

Market Cap 89.0 Cr.
Current Price 44.1
High / Low56.7/31.6
Stock P/E
Book Value 4.62
Dividend Yield0.00 %
ROCE12.6 %
ROE105 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Lexus Granito (India) Ltd

Competitors of Lexus Granito (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Exxaro Tiles Ltd 416 Cr. 93.5148/76.0 61.90.00 %4.54 %0.72 % 10.0
Carysil Ltd 2,177 Cr. 7661,151/59335.0 1320.26 %17.1 %17.6 % 2.00
Somany Ceramics Ltd 2,990 Cr. 729873/56132.6 1760.41 %14.4 %12.9 % 2.00
Orient Bell Ltd 517 Cr. 354480/3011,326 2150.14 %0.97 %0.34 % 10.0
Nitco Ltd 586 Cr. 81.695.0/18.0 71.30.00 %14.0 %% 10.0
Industry Average4,623.44 Cr1,164.19258.77201.510.33%11.55%19.42%7.00

All Competitor Stocks of Lexus Granito (India) Ltd

Quarterly Result

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales20.3716.7626.8737.6831.5731.8526.55
Expenses19.4912.0126.2335.9731.4729.0926.65
Operating Profit0.884.750.641.710.102.76-0.10
OPM %4.32%28.34%2.38%4.54%0.32%8.67%-0.38%
Other Income0.080.480.080.460.100.380.23
Interest0.731.041.361.100.971.461.12
Depreciation2.372.264.324.382.552.602.55
Profit before tax-2.141.93-4.96-3.31-3.32-0.92-3.54
Tax %-2.80%88.60%-1.41%-2.11%-4.52%-16.30%-9.89%
Net Profit-2.200.22-5.03-3.38-3.47-1.07-3.89
EPS in Rs-1.150.11-2.62-1.76-1.81-0.56-1.93

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales35635980101165181134100101138101128
Expenses32545068881461501188613512496123
Operating Profit2109131419311614-341454
OPM %7%15%15%16%13%12%17%12%14%-33%10%5%4%
Other Income00111436301111
Interest2444459886645
Depreciation3556610141311981312
Profit before tax-201358111-1-4911-12-11
Tax %-31%-881%41%33%34%18%36%36%-68%1%-8%-2%
Net Profit-32023770-2-4912-12-12
EPS in Rs-4.292.240.462.913.214.893.650.17-0.97-25.366.03-6.16-6.06
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142015-20162016-20172017-20182018-20192020-20212021-20222022-2023
YoY Net Profit Growth (%)166.67%-100.00%50.00%133.33%0.00%-100.00%-2350.00%124.49%-200.00%
Change in YoY Net Profit Growth (%)0.00%-266.67%150.00%83.33%-133.33%-100.00%-2250.00%2474.49%-324.49%

Lexus Granito (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:-3%
3 Years:5%
TTM:-8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:19%
TTM:-42%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:58%
1 Year:21%
Return on Equity
10 Years:-14%
5 Years:-40%
3 Years:-31%
Last Year:-105%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital777101319191919191920
Reserves6681124494948-1131-11
Borrowings353131558168646467596958
Other Liabilities221613224971555459616653
Total Liabilities70605998168208187185144152156121
Fixed Assets343227524571605045335744
CWIP10003200002400
Investments000022222000
Other Assets342932468813412513296959877
Total Assets70605998168208187185144152156121

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 396121010911436611
Cash from Investing Activity -1-1-1-33-36-6-24-3-14-141
Cash from Financing Activity -2-8-52226-4-7-151-218-12
Net Cash Flow-0-0-00-00-10200-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow2.00-25.00-22.00-18.00-41.00-62.00-37.00-48.00-50.00-101.00-45.00-64.00

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 Days63109826571121105155118555238
Inventory Days1385352731643921,3231,7063349141,224470
Days Payable1391076476197380778880246672599243
Cash Conversion Cycle6255696238133650981206297677265
Working Capital Days55576164448214421913379160104
ROCE %10%10%16%14%14%15%7%5%-40%13%-8%-14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters69.99%51.75%52.80%52.80%52.80%52.79%52.79%52.79%52.79%55.13%55.13%55.13%
Public30.01%48.25%47.21%47.21%47.21%47.21%47.21%47.21%47.21%44.87%44.87%44.87%
No. of Shareholders5275264694814655217621,1371,5882,7643,1544,286

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.)-8.44-6.166.98-25.36-0.97
Diluted EPS (Rs.)-8.44-6.166.98-25.36-0.97
Cash EPS (Rs.)-1.920.8411.24-20.544.70
Book Value[Excl.RevalReserv]/Share (Rs.)4.6210.6116.419.4434.79
Book Value[Incl.RevalReserv]/Share (Rs.)4.6210.6116.419.4434.79
Revenue From Operations / Share (Rs.)58.4352.6272.5252.9652.45
PBDIT / Share (Rs.)1.043.2313.35-17.619.08
PBIT / Share (Rs.)-5.25-3.779.08-22.433.41
PBT / Share (Rs.)-7.89-6.036.02-25.64-0.57
Net Profit / Share (Rs.)-8.21-6.166.97-25.36-0.97
PBDIT Margin (%)1.786.1418.41-33.2617.31
PBIT Margin (%)-8.98-7.1612.52-42.356.50
PBT Margin (%)-13.49-11.458.29-48.42-1.10
Net Profit Margin (%)-14.05-11.719.61-47.88-1.85
Return on Networth / Equity (%)-177.91-58.1042.50-268.73-2.79
Return on Capital Employeed (%)-18.13-8.6529.96-78.826.80
Return On Assets (%)-13.73-7.588.90-33.77-1.01
Long Term Debt / Equity (X)3.321.930.801.780.37
Total Debt / Equity (X)6.223.371.853.010.70
Asset Turnover Ratio (%)0.850.650.940.610.54
Current Ratio (X)1.111.210.991.031.43
Quick Ratio (X)0.230.210.310.380.49
Inventory Turnover Ratio (X)0.810.200.420.330.36
Interest Coverage Ratio (X)0.421.434.35-5.492.28
Interest Coverage Ratio (Post Tax) (X)-2.27-1.733.27-6.900.75
Enterprise Value (Cr.)123.57190.50120.1879.1458.05
EV / Net Operating Revenue (X)1.051.890.860.770.57
EV / EBITDA (X)58.6330.684.69-2.343.33
MarketCap / Net Operating Revenue (X)0.551.210.450.240.10
Price / BV (X)7.056.002.001.370.16
Price / Net Operating Revenue (X)0.551.210.450.240.10
EarningsYield-0.25-0.090.21-1.97-0.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Lexus Granito (India) Ltd as of October 5, 2024 is: ₹74.22

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 October 5, 2024, Lexus Granito (India) Ltd is Undervalued by 68.30% compared to the current share price ₹44.10

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

Intrinsic Value of Lexus Granito (India) Ltd as of October 5, 2024 is: ₹51.71

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 October 5, 2024, Lexus Granito (India) Ltd is Undervalued by 17.26% compared to the current share price ₹44.10

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

Last 5 Year EPS CAGR: -30.33%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 3.50%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 100.17, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 291.25, which may not be favorable.
    4. The company has higher borrowings (56.83) compared to reserves (16.92), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (106.62) and profit (-2.69).

    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 Lexus Granito (India) Ltd:
      1. Net Profit Margin: -14.05%
        • 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: -18.13% (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%: -177.91% (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): -2.27
        • 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: 0.23
        • 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: 258.77)
        • 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: 6.22
        • 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

    Lexus Granito (India) Ltd. is a Public Limited Listed company incorporated on 05/05/2008 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L26914GJ2008PLC053838 and registration number is 053838. Currently Company is involved in the business activities of Manufacture of refractory products. Company’s Total Operating Revenue is Rs. 139.18 Cr. and Equity Capital is Rs. 19.19 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Ceramics/Tiles/SanitarywareSurvey No. 800, Opp. Lakhdhirpur Village, Rajkot Gujarat 363642cs@lexustile.com
    www.lexusgranito.com
    Management
    NamePosition Held
    Mr. Anilkumar Babulal DetrojaChairman & Managing Director
    Mr. Hitesh Babulal DetrojaWhole Time Director
    Mrs. Dimpalben Anilbhai DetrojaWhole Time Director
    Mr. Jitendrabhai Chandulal LakhtariyaIndependent Director
    Mr. Rakesh Jayantilal AmrutiyaIndependent Director
    Mr. Sagarbhai Rasikbhai JasaniIndependent Director

    FAQ

    What is the latest fair value of Lexus Granito (India) Ltd?

    The latest fair value of Lexus Granito (India) Ltd is ₹74.22.

    What is the Market Cap of Lexus Granito (India) Ltd?

    The Market Cap of Lexus Granito (India) Ltd is 89.0 Cr..

    What is the current Stock Price of Lexus Granito (India) Ltd as on 05 October 2024?

    The current stock price of Lexus Granito (India) Ltd as on 05 October 2024 is ₹44.1.

    What is the High / Low of Lexus Granito (India) Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Lexus Granito (India) Ltd stocks is 56.7/31.6.

    What is the Stock P/E of Lexus Granito (India) Ltd?

    The Stock P/E of Lexus Granito (India) Ltd is .

    What is the Book Value of Lexus Granito (India) Ltd?

    The Book Value of Lexus Granito (India) Ltd is 4.62.

    What is the Dividend Yield of Lexus Granito (India) Ltd?

    The Dividend Yield of Lexus Granito (India) Ltd is 0.00 %.

    What is the ROCE of Lexus Granito (India) Ltd?

    The ROCE of Lexus Granito (India) Ltd is 12.6 %.

    What is the ROE of Lexus Granito (India) Ltd?

    The ROE of Lexus Granito (India) Ltd is 105 %.

    What is the Face Value of Lexus Granito (India) Ltd?

    The Face Value of Lexus 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 Lexus 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