Asian Granito India Ltd - Stock Valuation and Financial Performance

BSE: 532888 | NSE: ASIANTILES | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Asian Granito India Share Price

61.90 -1.18 -1.87%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Asian Granito India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Asian Granito India stock performance -

mw4me loader
P/E Ratio (CD):
0.00
Market Cap:
799.5 Cr.
52-wk low:
39.5
52-wk high:
86

Is Asian Granito India Ltd an attractive stock to invest in?

1. Is Asian Granito India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Asian Granito India Ltd is a below average quality company.

2. Is Asian Granito India Ltd undervalued or overvalued?

The key valuation ratios of Asian Granito India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Asian Granito India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Asian Granito India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Asian Granito India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Asian Granito India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%6.1%7.7%9.6%10.3%5.5%7.8%9%7.7%-4.3%-
Value Creation
Index
-0.6-0.6-0.5-0.3-0.3-0.6-0.5-0.4-0.5-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7758469941,0641,1561,1871,2251,2921,5641,5631,563
Sales YoY Gr.-9.1%17.5%7%8.6%2.7%3.2%5.5%21%-0.1%-
Adj EPS 3.93.878.811.14.18.110.58.2-6-4.3
YoY Gr.--2.8%85.7%26.1%25.9%-62.9%95.2%30.4%-22.4%-173.3%-
BVPS (₹) 76.480.692.383.891.494.7104.2115.5120.999.1100.1
Adj Net
Profit
13.913.52542.15319.738.456.761.9-75.8-55
Cash Flow from Ops. 61.610420.762.79487.656.545.9-7.5-49.3-
Debt/CF from Ops. 3.71.716.25.23.64.15.76.2-25.3-4.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%6.2%8.5%-0.1%
Adj EPS -204.9%-188.3%-190.5%-173.3%
BVPS2.9%1.6%-1.7%-18.1%
Share Price 13.2% -14.7% -14.8% 52.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.14.87.71112.74.47.99.98-7-4.3
Op. Profit
Mgn %
8.46.89.211.812.17.29.110.57.7-4.6-0.8
Net Profit
Mgn %
1.91.42.54.24.71.53.54.44-5.8-3.5
Debt to
Equity
0.80.610.80.80.80.70.50.20.2-
Working Cap
Days
189174154178205224222220200213121
Cash Conv.
Cycle
101827589991079810310510362

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 8.47%

Sales growth is not so good in last 4 quarters at -0.74%

Latest Financials - Asian Granito India Ltd.

Standalone Consolidated
TTM EPS (₹) -0.9 -4.3
TTM Sales (₹ Cr.) 1,353 1,563
BVPS (₹.) 99.9 100.1
Reserves (₹ Cr.) 1,139 1,142
P/BV 0.63 0.63
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 39.45 / 86.04
All Time Low / High (₹) 7.52 / 389.76
Market Cap (₹ Cr.) 800
Equity (₹ Cr.) 126.8
Face Value (₹) 10
Industry PE 44.2

Management X-Ray of Asian Granito India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Asian Granito India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7758469941,0641,1561,1871,2251,2921,5641,563
Operating Expenses 7127889039391,0171,1031,1131,1571,4441,635
Manufacturing Costs147163166210202243194157242300
Material Costs4745286175816136417138239781,054
Employee Cost 394459699411010891112120
Other Costs 535360791071099785113162
Operating Profit 63589112513984112135120-73
Operating Profit Margin (%) 8.1%6.8%9.1%11.7%12.0%7.1%9.1%10.4%7.7%-4.7%
Other Income 2317591444921
Interest 21232941393740352627
Depreciation 22192824252731293034
Exceptional Items 00-10000000
Profit Before Tax 2219356780295777114-112
Tax 8611192610112022-26
Profit After Tax 131324485419465892-87
PAT Margin (%) 1.7%1.6%2.4%4.5%4.7%1.6%3.8%4.5%5.9%-5.6%
Adjusted EPS (₹)3.44.16.89.511.14.48.910.612.1-5.7
Dividend Payout Ratio (%)0%0%0%9%7%9%5%3%4%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2752903563994354514966239181,256
Share Capital 232323303030303457127
Reserves 2532673333694054214665898611,129
Minority Interest001924293629303421
Debt215165317313323334309255168205
Long Term Debt201511810411999811119081
Short Term Debt19515119920920523522814578123
Trade Payables141137156230297336310302281305
Others Liabilities 545910394106124115158128135
Total Liabilities 6856519501,0601,1911,2811,2591,3671,5291,922

Fixed Assets

Gross Block308338603445480551568585623753
Accumulated Depreciation131149211335580106128147176
Net Fixed Assets178188392413425471462457476576
CWIP 7156111092452177
Investments 13111317232830466613
Inventories207191245274276305292319329255
Trade Receivables191166197300401400374420469417
Cash Equivalents 191517172133131940210
Others Assets706680383443788197272
Total Assets 6856519501,0601,1911,2811,2591,3671,5291,922

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 62104216394885646-7-49
PBT 2219356783335777114-112
Adjustment 42415563595963611678
Changes in Working Capital 649-64-57-307-50-78-123-5
Tax Paid -7-4-5-10-17-11-14-14-14-11
Cash Flow From Investing Activity -29-33-221-40-48-62-41-26-23-423
Capex -30-37-222-39-48-63-55-39-72-255
Net Investments 040-3-2-3101046-182
Others 11123443315
Cash Flow From Financing Activity -43-76203-22-42-16-401098408
Net Proceeds from Shares 4080-13500228442
Net Proceeds from Borrowing -15-9112918-10-2148-21-8
Interest Paid -21-23-29-41-39-37-39-34-25-26
Dividend Paid 000-2-2-4-2-2-2-9
Others -11-4511311-53021-2-839
Net Cash Flow -10-43159-243067-64
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.934.757.6913.1413.034.239.7210.311.95-7.99
ROCE (%)8.48.6311.2915.3815.818.2511.7812.8113.82-6.63
Asset Turnover Ratio1.291.391.361.131.040.960.970.991.080.91
PAT to CFO Conversion(x)4.7780.881.311.744.631.220.79-0.08N/A
Working Capital Days
Receivable Days77706180109123115112104103
Inventory Days84787383858989867568
Payable Days909687121157180166136109101

Asian Granito India Ltd Stock News

Asian Granito India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Asian Granito India on 12-Apr-2024 10:20 is ₹61.90.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:20 the market cap of Asian Granito India stood at ₹799.5.
The latest P/E ratio of Asian Granito India as of 12-Apr-2024 10:20 is 0.00.
The latest P/B ratio of Asian Granito India as of 12-Apr-2024 10:20 is 0.63.
The 52-week high of Asian Granito India is ₹86.04 and the 52-week low is ₹39.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Granito India is ₹1,353 ( Cr.) .

About Asian Granito India Ltd

Asian Granito India is engaged in manufacturing of flooring solutions. Incorporated in 1995, the company is one of the leading wall tile manufacturers in India. In wall segment, Asian Granito India are the biggest tile manufacture in India. The company has a marketing network of 18 depots at across the India, 10 Asian Exclusive showroom and 3000 business associates.

Company operates two plants located at Sabarkantha, Gujarat, spread over on an area of 2,30,000 Sq. Mtr. The total production capacity of these plant is 32300 Sq. Mtr. Per day of tiles. Company’s manufacturing facilities has received ISO 9001:2000 certifications for its quality management system by KPMG.

The company exports around 20% of its production to over more than 12 countries that include United States, Africa, Gulf and Middle East countries. The company has clientele namely Godrej, Reliance Industries, Mc Donald, DLF, HPCL, HDIL, Maruti Suzuki are among others.

Products

The company manufactures products such as wall tiles, vitrified tiles, ceramic floor tiles, marble and quartz stone and Aquart

The company has created brands namely stonext, future and bonzer 7

Awards

  • 1st Prize in Surat - Sthaptya 2003 
  • 1st Prize in Surat - Mega Show. June - 2004 
  • 2nd & 3rd Prize in Coimbatore - Mega Show. July - 2004 
  • 1st Prize in Bangalore - Mega Show. October - 2004 
  • 1st Prize in Ahmedabad - October - 2004 
  • 2nd & 3rd Prize in Kochi - Mega Show. October - 2004 
  • 2nd Prize in Delhi - Mega Show. December - 2004 
  • 1st Prize in Indore - Mega Show. January - 2005 
  • 2nd Prize in Ahmedabad - Mega Show. January - 2005 
  • 3rd Prize in Ludhiana - Mega Show. January - 2005 
  • 1st Prize in Chandigarh - Mega Show. February - 2005 
  • 1st Prize in Pune - Mega Show. February - 2005 
  • 3rd Prize in Surat - Mega Show. June - 2005 
  • 1st Prize in Coimbatore - Mega Show. July - 2005 
  • 1st Prize in Ludhiana - Mega Show. August - 2005 
  • 1st Prize in Hyderabad - Mega Show. September, 2005 
  • 2nd Prize in Kochi - Mega Show. October, 2005 
  • 1st Prize in Chandigarh - Mega Show. February, 2006 
  • 2nd Prize in Delhi - Mega Show. December, 2007 
  • 2nd Prize in Jaipur - Decor India Exhibition. January, 2010 
  • 1st Prize in Ahmedabad - MBA Property Show. February, 2010 

Milestones

  • 2000  Foundation stone laid for ASIAN TILES - Idar. 
  • 2001  Produced Ceramic floor tiles size: 12”x12” - 2500 Sq. Mtr. per day. 
  • 2002  Produced Ceramic floor tiles size: 16”x16” - 2500 Sq. Mtr. per day. 
  • 2003  Ceramic floor tiles total production capacity 6000 Sq. Mtr. Per day. 
  • 2004  Established ASIAN GRANITO INDIA LTD. Himatnagar - production of Vitrified Tiles -size: 24'x24' & 20”x20” - 4000 Sq. Mtr. Per day. 
  • 2005  Expansion of production 6000 Sq. Mtr. Per day with Vitrified Tiles Size: 36”x36”. 
  • 2006  Expansion of production 6000 Sq. Mtr. Per day with Vitrified Tiles Size: 800x1212mm. 
  • 2007  Launched of ASIAN WORLD (Company's Exclusive Showroom) in 14 cities Ahmedabad, Bangalore, Chennai, Coimbatore, Gandhinagar, Himmatnagar, Jaipur, Kochi, Mumbai, New Delhi, Pune, kolkata, Chandigarh & Surat. 
  • 2008  Company launched exclusive collection of wall tiles & Introduced India's largest & finest size: 900x300mm with 10000 Sq. Mtr. Production per day. 
  • 2009  Company started Production of Exclusive range of Asian Marble Stone (10x4 Feet Slabs) 
  • 2010  Start 15000 sq.mtr wall production Per day
  • 2010  Company started Production of Asian Quartz Stone (10x4 Feet Slabs) 
  • 2010  Launched Grestek Nxt Digital Ceramic wall Tiles 
  • 2010  Launched a new project Asian Nature’s fresh in Agro based Expansion.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.