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Last Updated: April 2, 2026, 3:15 am
Author: Getaka|Social: XLinkedIn

Lexus Granito (India) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹70.80Undervalued by 202.56%vs CMP ₹23.40

P/E (15.0) × ROE (73.5%) × BV (₹7.87) × DY (2.00%)

Defaults: P/E=15

₹28.86Undervalued by 23.33%vs CMP ₹23.40
MoS: +18.9% (Adequate)Confidence: 45/100 (Moderate)Models: 2 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹50.3830%Under (+115.3%)
Graham NumberEarnings₹13.9622%Over (-40.3%)
Net Asset ValueAssets₹7.8612%Over (-66.4%)
EV/EBITDAEnterprise₹45.5815%Under (+94.8%)
Earnings YieldEarnings₹11.0012%Over (-53%)
Revenue MultipleRevenue₹18.339%Over (-21.7%)
Consensus (6 models)₹28.86100%Undervalued
Key Drivers: EPS CAGR -28.8% drags value — could be higher if earnings stabilize. | Wide model spread (₹8–₹50) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -28.8% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

39
Lexus Granito (India) Ltd scores 39/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 1.8% WeakROE 73.5% ExcellentD/E 3.01 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 53.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 5% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -13% YoY DecliningOPM: -17.2% (down 32.5% YoY) Margin pressure
Industry Rank40/100 · Moderate
ROCE 1.8% vs industry 12.4% Below peersROE 73.5% vs industry 14.6% Above peers3Y sales CAGR: -18% 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.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:15 am

Market Cap 48.0 Cr.
Current Price 23.4
Intrinsic Value₹28.86
High / Low 39.2/22.3
Stock P/E
Book Value 7.87
Dividend Yield0.00 %
ROCE1.77 %
ROE73.5 %
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

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Exxaro Tiles Ltd 291 Cr. 6.51 11.0/5.2260.9 6.210.00 %3.49 %0.26 % 1.00
Carysil Ltd 2,255 Cr. 793 1,072/51224.9 1990.30 %15.4 %14.5 % 2.00
Somany Ceramics Ltd 1,492 Cr. 364 624/33223.1 1910.82 %11.5 %8.17 % 2.00
Orient Bell Ltd 380 Cr. 258 350/21742.4 2170.19 %2.38 %0.90 % 10.0
Nitco Ltd 1,996 Cr. 87.1 164/64.052.9 13.20.00 %42.9 %% 10.0
Industry Average3,347.44 Cr727.6534.82200.520.55%12.44%14.63%6.10

All Competitor Stocks of Lexus Granito (India) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26.8737.6831.5731.8526.5527.7717.7817.3719.1320.9718.0418.6013.71
Expenses 26.2335.9731.4729.0926.6529.2118.5516.5516.2117.3314.9119.4816.07
Operating Profit 0.641.710.102.76-0.10-1.44-0.770.822.923.643.13-0.88-2.36
OPM % 2.38%4.54%0.32%8.67%-0.38%-5.19%-4.33%4.72%15.26%17.36%17.35%-4.73%-17.21%
Other Income 0.080.460.100.380.23-1.950.020.160.090.020.013.705.44
Interest 1.361.100.971.461.121.411.130.951.001.190.870.870.78
Depreciation 4.324.382.552.602.553.341.992.022.022.081.681.651.65
Profit before tax -4.96-3.31-3.32-0.92-3.54-8.14-3.87-1.99-0.010.390.590.300.65
Tax % 1.41%2.11%4.52%16.30%9.89%0.25%-2.84%-5.53%-800.00%-35.90%-5.08%-23.33%-7.69%
Net Profit -5.03-3.38-3.47-1.07-3.89-8.15-3.76-1.870.080.520.620.370.71
EPS in Rs -2.62-1.76-1.81-0.56-1.93-4.04-1.86-0.930.040.260.310.180.35

Last Updated: March 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 58.6780.39101.49164.52181.12134.40100.35101.49138.46100.97117.7975.2171.32
Expenses 49.8167.5587.92145.56150.23118.4685.96135.35124.2095.85115.4868.6067.79
Operating Profit 8.8612.8413.5718.9630.8915.9414.39-33.8614.265.122.316.613.53
OPM % 15.10%15.97%13.37%11.52%17.05%11.86%14.34%-33.36%10.30%5.07%1.96%8.79%4.95%
Other Income 0.580.510.773.942.995.863.060.0810.851.09-0.570.299.17
Interest 3.984.273.805.158.978.237.686.185.954.334.964.263.71
Depreciation 4.926.055.689.7214.0113.0410.889.258.4213.4512.718.117.06
Profit before tax 0.543.034.868.0310.900.53-1.11-49.2110.74-11.57-15.93-5.471.93
Tax % 40.74%33.00%33.95%18.18%35.87%35.85%68.47%-1.12%-7.91%2.25%4.14%-8.04%
Net Profit 0.322.033.206.577.000.33-1.87-48.6611.58-11.83-16.58-5.032.22
EPS in Rs 0.462.913.214.893.650.17-0.97-25.366.03-6.16-8.21-2.491.10
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)534.38%57.64%105.31%6.54%-95.29%-666.67%-2502.14%123.80%-202.16%-40.15%69.66%
Change in YoY Net Profit Growth (%)0.00%-476.74%47.68%-98.77%-101.83%-571.38%-1835.47%2625.94%-325.96%162.01%109.81%

Lexus Granito (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-6%
3 Years:-18%
TTM:-27%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:96%
Stock Price CAGR
10 Years:%
5 Years:18%
3 Years:-16%
1 Year:-28%
Return on Equity
10 Years:-17%
5 Years:-64%
3 Years:-68%
Last Year:-74%

Last Updated: September 5, 2025, 9:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:34 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6.986.989.9813.4319.1919.1919.1919.1919.1919.1920.1920.1920.19
Reserves 6.448.3611.4824.2449.1149.4547.58-1.0812.951.16-10.87-15.83-4.06
Borrowings 30.8430.6254.6880.7968.0564.0663.5366.9658.8969.0858.0365.0753.71
Other Liabilities 15.9613.1421.8549.0871.1954.6354.2859.0160.9666.4653.3652.8049.99
Total Liabilities 60.2259.1097.99167.54207.54187.33184.58144.08151.99155.89120.71122.23119.83
Fixed Assets 31.6627.0252.3645.0570.9259.5349.9445.2732.9357.2843.7336.9333.77
CWIP 0.000.000.0032.070.000.000.000.0024.350.280.250.030.00
Investments 0.000.000.012.362.362.362.362.360.010.010.010.010.01
Other Assets 28.5632.0845.6288.06134.26125.44132.2896.4594.7098.3276.7285.2686.05
Total Assets 60.2259.1097.99167.54207.54187.33184.58144.08151.99155.89120.71122.23119.83

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8.706.0911.8210.3810.258.6510.753.5635.865.7811.25-3.13
Cash from Investing Activity + -1.08-1.26-33.44-36.37-6.17-2.083.84-3.05-14.39-13.570.76-1.24
Cash from Financing Activity + -7.86-4.8922.0125.96-3.79-7.41-14.591.33-21.457.84-12.184.41
Net Cash Flow -0.24-0.060.39-0.030.29-0.850.001.840.020.05-0.170.04
Free Cash Flow 7.374.69-19.21-23.472.446.999.46-1.0216.41-7.9511.39-4.22
CFO/OP 99%53%87%63%42%63%79%-11%247%113%489%-47%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-21.98-17.78-41.11-61.83-37.16-48.12-49.14-100.82-44.63-63.96-55.72-58.46

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 109.3781.5465.0270.51120.97105.26155.13118.2954.5252.2037.8040.52
Inventory Days 52.6351.8372.93164.12391.921,322.731,706.01333.58914.181,223.79469.572,572.42
Days Payable 106.6264.0975.98196.85379.65777.69879.82245.93671.96598.81242.75845.86
Cash Conversion Cycle 55.3769.2861.9737.78133.24650.30981.31205.93296.73677.18264.621,767.08
Working Capital Days 56.9916.9811.40-5.1937.1084.11139.278.06-7.3553.8320.05105.80
ROCE %9.84%16.18%14.19%13.74%15.46%6.51%5.00%-39.95%13.23%-8.02%-12.58%-1.77%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Feb 2026
Promoters 52.79%52.79%55.13%55.13%55.13%55.13%55.13%55.13%55.13%55.13%54.33%53.54%
Public 47.21%47.21%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%45.67%46.46%
No. of Shareholders 1,1371,5882,7643,1544,2864,5594,5734,6344,5944,5485,1025,102

Shareholding Pattern Chart

No. of Shareholders

Lexus Granito (India) 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 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -2.49-8.44-6.166.98-25.36
Diluted EPS (Rs.) -2.49-8.44-6.166.98-25.36
Cash EPS (Rs.) 1.52-1.920.8411.24-20.54
Book Value[Excl.RevalReserv]/Share (Rs.) 2.164.6210.6116.419.44
Book Value[Incl.RevalReserv]/Share (Rs.) 2.164.6210.6116.419.44
Revenue From Operations / Share (Rs.) 37.2758.4352.6272.5252.96
PBDIT / Share (Rs.) 3.421.043.2313.35-17.61
PBIT / Share (Rs.) -0.59-5.25-3.779.08-22.43
PBT / Share (Rs.) -2.71-7.89-6.036.02-25.64
Net Profit / Share (Rs.) -2.49-8.21-6.166.97-25.36
PBDIT Margin (%) 9.171.786.1418.41-33.26
PBIT Margin (%) -1.60-8.98-7.1612.52-42.35
PBT Margin (%) -7.27-13.49-11.458.29-48.42
Net Profit Margin (%) -6.68-14.05-11.719.61-47.88
Return on Networth / Equity (%) -115.32-177.91-58.1042.50-268.73
Return on Capital Employeed (%) -1.73-18.13-8.6529.96-78.82
Return On Assets (%) -4.11-13.73-7.588.90-33.77
Long Term Debt / Equity (X) 9.393.321.930.801.78
Total Debt / Equity (X) 14.916.223.371.853.01
Asset Turnover Ratio (%) 0.610.850.650.940.61
Current Ratio (X) 1.421.111.210.991.03
Quick Ratio (X) 0.210.230.210.310.38
Inventory Turnover Ratio (X) 1.280.380.200.420.33
Interest Coverage Ratio (X) 1.620.421.434.35-5.49
Interest Coverage Ratio (Post Tax) (X) -0.18-2.27-1.733.27-6.90
Enterprise Value (Cr.) 127.64123.57190.50120.1879.14
EV / Net Operating Revenue (X) 1.701.051.890.860.77
EV / EBITDA (X) 18.5058.6330.684.69-2.34
MarketCap / Net Operating Revenue (X) 0.830.551.210.450.24
Price / BV (X) 14.387.056.002.001.37
Price / Net Operating Revenue (X) 0.830.551.210.450.24
EarningsYield -0.08-0.25-0.090.21-1.97

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 75.25 Cr. and Equity Capital is Rs. 20.19 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/SanitarywareSurvey No. 800, Opp. Lakhdhirpur Village, Rajkot Gujarat 363642Contact not found
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. Chirag Mukeshbhai HiraniIndependent Director
Mr. UmangKumar Mahendrabhai JagodanaIndependent Director

FAQ

What is the intrinsic value of Lexus Granito (India) Ltd and is it undervalued?

As of 15 April 2026, Lexus Granito (India) Ltd's intrinsic value is ₹28.86, which is 23.33% higher than the current market price of ₹23.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (73.5 %), book value (₹7.87), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Lexus Granito (India) Ltd?

Lexus Granito (India) Ltd is trading at ₹23.40 as of 15 April 2026, with a FY2026-2027 high of ₹39.2 and low of ₹22.3. The stock is currently near its 52-week low. Market cap stands at ₹48.0 Cr..

How does Lexus Granito (India) Ltd's P/E ratio compare to its industry?

Lexus Granito (India) Ltd has a P/E ratio of , which is below the industry average of 34.82. This is broadly in line with or below the industry average.

Is Lexus Granito (India) Ltd financially healthy?

Key indicators for Lexus Granito (India) Ltd: ROCE of 1.77 % is on the lower side compared to the industry average of 12.44%; ROE of 73.5 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Lexus Granito (India) Ltd profitable and how is the profit trend?

Lexus Granito (India) Ltd reported a net profit of ₹-5 Cr in Mar 2025 on revenue of ₹75 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows a declining trend.

Does Lexus Granito (India) Ltd pay dividends?

Lexus Granito (India) Ltd has a dividend yield of 0.00 % at the current price of ₹23.40. 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 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
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