Asian Granito India (AGIL) is planning a major debt reduction and focusing on asset light and capital light business model. The company is reducing debt by around Rs 40-45 crore in the near future and further reduction of Rs 50-60 crore in next 1-2 years, thereby eyeing a total debt reduction of around Rs 100 crore. Proceeds from warrants and internal accruals will be utilised to reduce the debt. Post conversion of the warrants, promoter group holding is expected to increase to around 37.5% from 34.02% as of December 2020.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

Asian Granito India Share Price

57.22 -0.29 (-0.50%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1150.00
Somany Ceramics 573.15
Cera Sanitaryware 6804.00
Asian Granito India 57.22
Pokarna 424.00
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