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BSE: 513528 | NSE: | Ceramics/Marble/Granite/Sanitaryware | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Glittek Granites Ltd is a below average quality company.
The key valuation ratios of Glittek Granites Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Glittek Granites Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.9% | 4.9% | 4.8% | 1.9% | 5.8% | 1.3% | -0.4% | -7% | -4.8% | 0.4% | - |
| Value Creation Index ⓘ | -0.5 | -0.7 | -0.7 | -0.9 | -0.6 | -0.9 | -1.0 | -1.5 | -1.3 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 39.8 | 34.1 | 34 | 25.7 | 23.8 | 21.2 | 18 | 14.3 | 9.2 | 13.4 | 11 |
| Sales YoY Gr. | - | -14.3% | -0.3% | -24.6% | -7.3% | -11% | -15% | -20.2% | -36.1% | 46.4% | - |
| Adj EPS ⓘ | 0.3 | 0.3 | 0.3 | -0 | 0.5 | -0.2 | -0.6 | -1.2 | -0.9 | -0.4 | -1 |
| YoY Gr. | - | -18.8% | 26.9% | -109.1% | NA | -140.8% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 7 | 6.9 | 7.2 | 7.2 | 7.3 | 6.9 | 6.5 | 5.3 | 4.4 | 4.1 | 3 |
| Adj Net Profit ⓘ | 0.8 | 0.7 | 0.9 | -0.1 | 1.3 | -0.5 | -1.4 | -3.2 | -2.4 | -1 | -3 |
| Cash Flow from Ops. ⓘ | 1.9 | 0.4 | 0.9 | 3.2 | -1.2 | 0.8 | 1.4 | 1.1 | -1.2 | 0 | - |
| Debt/CF from Ops. ⓘ | 8.8 | 47.1 | 19.8 | 4.9 | -14.9 | 21.8 | 12.8 | 16.5 | -17.3 | -1074.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -11.4% | -10.8% | -9.3% | 46.4% | ||||
| Adj EPS ⓘ | -202.5% | -196% | NA | NA | ||||
| BVPSⓘ | -5.6% | -10.7% | -13.9% | -6.1% | ||||
| Share Price | -3.3% | 17.3% | 37.4% | 20% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.7 | 3.7 | 4.7 | -0.4 | 6.7 | -2.8 | -8.1 | -20.7 | -19 | -9.1 | -27.4 |
| Op. Profit Mgn % ⓘ | 11.6 | 9.7 | 9.7 | 8.2 | 10.3 | 8 | 4.5 | -13.1 | -3.8 | 9.5 | -7 |
| Net Profit Mgn % ⓘ | 2.1 | 2 | 2.6 | -0.3 | 5.4 | -2.5 | -8 | -22.5 | -26.6 | -7.8 | -22.5 |
| Debt to Equity ⓘ | 0.9 | 1 | 0.9 | 0.8 | 0.9 | 1 | 1 | 1.3 | 1.7 | 2 | - |
| Working Cap Days ⓘ | 216 | 286 | 301 | 387 | 438 | 528 | 616 | 735 | 1,104 | 793 | 371 |
| Cash Conv. Cycle ⓘ | 178 | 239 | 264 | 355 | 397 | 484 | 574 | 674 | 1,005 | 718 | 136 |
Debt to equity has declined versus last 3 years average to 1.99
Sales growth is good in last 4 quarters at 46.01%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -9.29%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1 | - |
| TTM Sales (₹ Cr.) | 11.2 | - |
| BVPS (₹.) ⓘ | 3 | - |
| Reserves (₹ Cr.) ⓘ | -5 | - |
| P/BV ⓘ | 1.16 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.39 / 5.44 |
| All Time Low / High (₹) | 0.50 / 20.00 |
| Market Cap (₹ Cr.) | 8.9 |
| Equity (₹ Cr.) | 13 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.80 | 34.11 | 34.01 | 25.65 | 23.78 | 21.16 | 17.98 | 14.34 | 9.17 | 13.42 |
| Operating Expenses ⓘ | 35.20 | 30.81 | 30.70 | 23.54 | 21.39 | 20.01 | 17.17 | 16.21 | 9.52 | 12.15 |
| Manufacturing Costs | 8.58 | 6.79 | 6.78 | 6.08 | 4.90 | 4.03 | 4.03 | 2.47 | 1.97 | 1.83 |
| Material Costs | 20.10 | 16.28 | 15.80 | 9.19 | 8.39 | 7.13 | 5.87 | 7.96 | 2.80 | 5.68 |
| Employee Cost | 2.68 | 3.19 | 4.39 | 4.25 | 3.99 | 4.09 | 3.79 | 2.52 | 2.30 | 2.04 |
| Other Costs ⓘ | 3.83 | 4.56 | 3.73 | 4.02 | 4.11 | 4.76 | 3.47 | 3.26 | 2.46 | 2.60 |
| Operating Profit ⓘ | 4.60 | 3.30 | 3.31 | 2.11 | 2.39 | 1.15 | 0.81 | -1.88 | -0.35 | 1.27 |
| Operating Profit Margin (%) | 11.6% | 9.7% | 9.7% | 8.2% | 10.0% | 5.4% | 4.5% | -13.1% | -3.8% | 9.5% |
| Other Income ⓘ | 0.56 | 0.17 | -0.12 | 0.14 | 0.08 | 0.04 | 0.27 | 0.25 | 0.25 | 0.41 |
| Interest ⓘ | 2.15 | 1.49 | 1.24 | 1.06 | 1.14 | 1.43 | 1.87 | 1.28 | 1.28 | 1.69 |
| Depreciation ⓘ | 1.53 | 1.06 | 1.02 | 1.01 | 1 | 0.99 | 0.96 | 0.96 | 0.94 | 0.85 |
| Exceptional Items ⓘ | 0 | 0.02 | -0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.48 | 0.94 | 0.91 | 0.19 | 0.33 | -1.22 | -1.74 | -3.86 | -2.33 | -0.86 |
| Tax ⓘ | 0.28 | 0.18 | 0.19 | 0.19 | -0.90 | -0.32 | -0.46 | -0.77 | -0.02 | -0.08 |
| Profit After Tax | 1.20 | 0.76 | 0.72 | 0 | 1.23 | -0.90 | -1.28 | -3.10 | -2.31 | -0.78 |
| PAT Margin (%) | 3.0% | 2.2% | 2.1% | 0.0% | 5.2% | -4.3% | -7.1% | -21.6% | -25.2% | -5.8% |
| Adjusted EPS (₹) | 0.5 | 0.3 | 0.3 | 0.0 | 0.5 | -0.4 | -0.5 | -1.2 | -0.9 | -0.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 18.44 | 18.25 | 18.98 | 18.97 | 19.23 | 18.34 | 17.13 | 14 | 11.76 | 11.06 |
| Share Capital ⓘ | 13.29 | 13.29 | 13.29 | 13.29 | 13.29 | 13.29 | 13.29 | 13.29 | 13.29 | 13.29 |
| Reserves ⓘ | 5.15 | 4.96 | 5.68 | 5.68 | 5.94 | 5.05 | 3.84 | 0.71 | -1.53 | -2.23 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 15.99 | 17.60 | 17.51 | 15.45 | 17.16 | 17.49 | 17.79 | 17.54 | 19.80 | 20.74 |
| Long Term Debt | 0.33 | 0.59 | 0.12 | 0 | 0 | 0 | 0 | 0.18 | 4.32 | 5.86 |
| Short Term Debt | 15.66 | 17.01 | 17.39 | 15.45 | 17.16 | 17.49 | 17.79 | 17.36 | 15.48 | 14.89 |
| Trade Payables | 1.75 | 1.88 | 0.61 | 0.66 | 1.08 | 0.61 | 0.80 | 1.46 | 0.63 | 1.73 |
| Others Liabilities ⓘ | 2.13 | 1.66 | 1.26 | 0.79 | 1.53 | 1.27 | 0.79 | -0.16 | -0.26 | 0.24 |
| Total Liabilities ⓘ | 38.30 | 39.39 | 38.35 | 35.87 | 39 | 37.71 | 36.51 | 32.85 | 31.93 | 33.77 |
Fixed Assets | ||||||||||
| Gross Block | 32.63 | 32.87 | 32.72 | 32.79 | 32.65 | 32.65 | 32.65 | 32.68 | 27.36 | 27.33 |
| Accumulated Depreciation | 20.38 | 21.87 | 22.70 | 23.72 | 24.64 | 25.62 | 26.59 | 27.54 | 23.42 | 24.08 |
| Net Fixed Assetsⓘ | 12.25 | 11 | 10.02 | 9.08 | 8.01 | 7.03 | 6.06 | 5.14 | 3.95 | 3.25 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 7.97 | 11.42 | 11.54 | 15.33 | 19.41 | 20.59 | 22.06 | 19.90 | 21.85 | 21.12 |
| Trade Receivables | 15.28 | 14.14 | 14.86 | 9.69 | 9.39 | 8.70 | 6.79 | 6.18 | 4.53 | 8.03 |
| Cash Equivalents | 0.52 | 0.49 | 0.22 | 0.47 | 0.21 | 0.20 | 0.28 | 0.10 | 0.03 | 0.03 |
| Others Assetsⓘ | 2.28 | 2.35 | 1.71 | 1.30 | 1.97 | 1.19 | 1.31 | 1.52 | 1.44 | 1.34 |
| Total Assets ⓘ | 38.30 | 39.39 | 38.35 | 35.87 | 39 | 37.71 | 36.51 | 32.85 | 31.93 | 33.77 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1.86 | 0.38 | 0.89 | 3.17 | -1.15 | 0.80 | 1.39 | 1.10 | -1.18 | -0.02 |
| PBT ⓘ | 1.48 | 0.94 | 0.91 | 0.19 | 0.33 | -1.22 | -1.74 | -3.86 | -2.33 | -0.86 |
| Adjustment ⓘ | 4.13 | 2.68 | 1.98 | 1.89 | 1.86 | 2.11 | 2.56 | 2.20 | 2.27 | 2.58 |
| Changes in Working Capital ⓘ | -3.47 | -3.06 | -1.81 | 1.14 | -3.27 | -0.08 | 0.58 | 2.77 | -1.12 | -1.74 |
| Tax Paid ⓘ | -0.28 | -0.18 | -0.19 | -0.05 | -0.07 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.23 | -0.72 | -0.02 | -0.04 | 0.12 | 0.07 | 0.06 | -0.02 | 0.21 | 0.06 |
| Capex | -0.26 | -0.75 | -0.05 | -0.07 | 0.04 | 0 | 0 | 0 | 0.34 | 0.09 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.04 | -0.01 | -0.04 |
| Others ⓘ | 0.03 | 0.04 | 0.03 | 0.03 | 0.08 | 0.07 | 0.06 | 0.02 | -0.12 | 0.01 |
| Cash Flow From Financing Activityⓘ | -1.46 | 0.31 | -1.14 | -2.87 | 0.77 | -0.88 | -1.37 | -1.26 | 0.97 | -0.02 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 2.25 | 1.67 |
| Interest Paid ⓘ | -1.96 | -1.31 | -1.05 | -0.81 | -0.94 | -1.22 | -1.67 | -1.28 | -1.28 | -1.69 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.50 | 1.61 | -0.09 | -2.06 | 1.71 | 0.33 | 0.30 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.17 | -0.03 | -0.27 | 0.25 | -0.26 | -0.01 | 0.07 | -0.18 | 0 | 0.02 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.85 | 4.22 | 3.94 | 0 | 6.57 | -4.87 | -7.34 | -20.3 | -18.36 | -7.02 |
| ROCE (%) | 10.71 | 6.85 | 5.88 | 3.49 | 4.15 | 0.58 | 0.34 | -7.71 | -3.25 | 2.54 |
| Asset Turnover Ratio | 1.08 | 0.88 | 0.88 | 0.69 | 0.64 | 0.55 | 0.48 | 0.41 | 0.28 | 0.41 |
| PAT to CFO Conversion(x) | 1.55 | 0.5 | 1.24 | N/A | -0.93 | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 118 | 157 | 156 | 175 | 146 | 156 | 157 | 165 | 213 | 171 |
| Inventory Days | 78 | 104 | 123 | 191 | 267 | 345 | 433 | 534 | 831 | 584 |
| Payable Days | 30 | 41 | 29 | 25 | 38 | 43 | 44 | 52 | 137 | 76 |
Glittek Granites is engaged in the processing and sale of granite products in India. The company produces tiles, panels, and slabs for interior and exterior walls, floor cladding, facades, table, and counter tops.
Glittek is the first private sector granite company in India, having associateship agreement for exports marketing of its granite product wih MMTC Ltd, a Government of India undertaking with an annual turnover equivalent to $2600 million, having overseas offices in New York, Berlin, Tokyo, Singapore, Amman, Moscow and Dubai.India has one of the largest granite deposits in the world. Indian granites present the biggest colour range, can take high polish and can withstand weathering more effectively due to their inherent hardness.
These unique qualities have enabled them to carve out a niche in the most discriminating markets around the world. Initially granite export from India was in the form of rough blocks. Now, with the entry of organised companies like Glittek, exports of finished granite products are on the rise.
Glittek's plant is strategically located in the rich granite belt of India to ensure uninterrupted supply of raw materials. Besides an ideal location, Glittek is equipped with the best processing machinery in the world from M/s. Eisenwerk Hensel Bayreuth, Germany.
Strict quality control of products tops Glittek's list of priorities. It therefore engages skilled and highly trained operators to handle its sophisticated quarrying and processing machinery. With an unbeatable combination of natural and technological resources, Glittek is always prepared to serve the world markets.
Glittek is a 100% export oriented project, geared to provide customers in the United States of America, Canada, Australia, New Zealand, Japan, Singapore, the Middle East and the EEC countries with a tailormade product range. Large capacity base, strict adherence to supply schedules and competitive rates, have earned Glittek a prestigious position in global granite markets.
Glittek's granite products, apart from being comparable to the best in the world in strength, polish and elegance - offer a wide range of attractive colours and dimensions to choose from. Their dimension accuracy gives them a distinctive edge. Glittek's range comprises tiles, panels and slabs for interior and exterior walls, floor cladding, facades, table and counter tops, etc.
Product range of the company includes:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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