Asian Granito India Ltd Stock Analysis

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

BSE Share Price 06-Dec-2022 18:01
53.20 -0.10 (-0.19%)

DeciZen - Make an Informed Decision on Asian Granito India

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Asian Granito India Price Chart

P/E Ratio (CD) :
27.55
Market Cap :
674.3 Cr.
52-wk low :
38.8
52-wk high :
114.3
Bole Toh?

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 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 Weak which suggest that the price of Asian Granito India Ltd is likely to Fall 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.6%5.6%6.1%7.7%9.6%10.3%5.5%7.8%9%7.7%-
Value Creation Index -0.3-0.6-0.6-0.5-0.3-0.3-0.6-0.5-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7087758469941,0641,1561,1871,2251,2921,5641,623
YoY Gr. Rt. %-9.4%9.1%17.5%7%8.6%2.7%3.2%5.5%21%-
Adj EPS 5.23.93.878.811.14.18.110.58.21.9
YoY Gr. Rt. %--26%-2.8%85.7%26.1%25.9%-62.9%95.2%30.4%-22.4%-
BVPS (₹) 74.776.480.692.383.891.494.7104.2115.5120.9104.5
Adj Net Profit 18.413.913.52542.15319.738.456.761.924
Cash Flow from Ops. 19.261.610420.762.79487.656.545.92-
Debt/CF from Ops. 13.13.71.716.25.23.64.15.76.294.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.2%8%9.6%21%
Adj EPS 5%-1.6%25.5%-22.4%
BVPS 5.57.68.54.7
Share Price 6.6% -29.9% -28.5% -46%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 8.55.14.87.71112.74.47.99.981.7
Op. Profit Mgn % 10.18.46.89.211.812.17.29.110.57.74.4
Net Profit Mgn % 2.61.91.42.54.24.71.53.34.33.91.5
Debt to Equity 10.80.610.80.80.80.70.50.20.1
Working Cap Days 131189174154178205224222220200250
Cash Conv. Cycle 751018275899910798103105142

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 25.48%

Sales growth is good in last 4 quarters at 10.81%

Return on Equity has declined versus last 3 years average to 1.70%

Sales growth has been subdued in last 3 years 9.64%

Latest Financials - Asian Granito India Ltd.

Standalone Consolidated
TTM EPS (₹) 3.6 1.9
TTM Sales (₹ Cr.) 1,412 1,623
BVPS (₹.) 99.7 104.5
Reserves (₹ Cr.) 1,137 1,197
P/BV 0.53 0.51
PE 15.00 27.55
From the Market
52 Week Low / High (₹) 38.80 / 114.28
All Time Low / High (₹) 7.52 / 389.76
Market Cap (₹ Cr.) 674
Equity (₹ Cr.) 126.8
Face Value (₹) 10
Industry PE 32.5

Management X-Ray of Asian Granito India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.0015.0512.250.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Asian Granito India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

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 06-Dec-2022 18:01 is : 53.20.
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 06-Dec-2022 18:01 the market cap of Asian Granito India stood at ₹ 674.3.
The latest PE ratio of Asian Granito India as of 06-Dec-2022 18:01 is 15.00.
The latest PB ratio of Asian Granito India as of 06-Dec-2022 18:01 is 0.53
The 52-week high of Asian Granito India is ₹ 114.3 and the 52-week low is ₹ 38.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Asian Granito India is ₹ 1,412 ( 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.
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