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Asian Granito India Ltd. Stock Analysis

Small Cap
Evaluated by 1053 users | BSE: 532888 | NSE: ASIANTILES |
Ceramics/Marble/Granite/Sanitaryware
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...

Analysis of Financial Track Record

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
 Mar'06Mar'07Mar'08Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 020.19%18.7%9.62%5.62%6.07%7.68%9.62%10.3%5.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 01792277087758469941,0641,1561,187
Y-o-Y Gr. Rt.-NA27%211.4%9.4%9.1%17.5%7%8.6%2.7%
Adjusted EPS (Rs.) 016.3613.978.296.135.9711.0913.9817.616.54
Y-o-Y Gr. Rt.-NA-14.6%-40.7%-26.1%-2.6%85.8%26.1%26%-62.9%
Book Value per Share (Rs.) 048.8876.07118.26121.01127.51146.09132.62144.62149.93
Adjusted Net Profit 02329.418.413.913.52542.15319.7
Net Op. Cash Flow (Rs. Cr.) 09.920.919.261.610420.762.79487.6
Debt to Cash Flow from Ops 06.33.1213.123.71.6816.225.213.624.12
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Asian Granito India Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA8.9%6.1%2.7%
Adjusted EPS NA1.3%-16.1%-62.9%
Book Value per Share 04.40.93.7
Share Price 22.3% 8.7% -18.7% 14.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'06Mar'07Mar'08Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 031.9924.648.525.134.777.6711.0412.74.44
Operating Profit Margin (%) 022.3223.5510.128.416.829.211.7512.17.15
Net Profit Margin (%) 012.8512.942.591.931.422.474.224.731.48
Debt to Equity 00.910.410.960.840.611.020.820.780.8
Working Capital Days 00193131189174154178205224
Cash Conversion Cycle 001047510182758999108
Entity Percentage Holding
Promoters 34.08%
Institutions 5.09%
Non-Institutions 60.83%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Asian Granito India Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Asian Granito India Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Asian Granito India Ltd.'s performance infers:

Asian Granito India Ltd. earnings have grown by 1.3%, whereas share price has appreciated 8.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Asian Granito India Ltd. share prices over the last 10 years. Here is what we found out:

Asian Granito India Ltd. share price has appreciated 14.9% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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