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Glittek Granites Ltd (513528)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513528 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Glittek Granites Share Price

₹42.66 2.03 (5.00%)

As on 05-Jun'26 10:54

Glittek Granites Ltd (513528)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513528 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Glittek Granites Share Price

₹42.66 2.03 (5.00%)

As on 05-Jun'26 10:54

Key Metrics
Valuation Multiples
Market Cap
₹105 Cr.
Current Price
₹42.7
52-Week Low / High
₹5 / 80
TTM EPS
₹-0.2
TTM Sales
₹0.1 Cr.
Book Value per Share
₹9.2
P/E Ratio
0.00
Industry PE
43.8
Price to Book (P/B)
4.41
Higher than its 5-year historical median
Price to Sales (P/S)
2244.11
Higher than its 5-year historical median
EV/EBITDA
-287.46
Lower than its 3-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
86.40%
Outperforms industry median
Return on Capital Employed (ROCE)
51.12%
Outperforms industry median
Return on Assets (ROA)
36.40%
Operating Profit Margin
-1,041.5%
Net Profit Margin
336.82%
Gross Profit Margin
373%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-70.56%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
62.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹11 Cr.
Equity
₹13 Cr.
Face Value
₹5
All Time Low / High
₹0.50 / 80.20

Glittek Granites stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Weak
Q.1 Is Glittek Granites Ltd a good quality company?
Glittek Granites Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Glittek Granites Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Glittek Granites Ltd vs industry peers?
Glittek Granites Ltd revenue CAGR is -35.29%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Glittek Granites Ltd?
Promoters hold 62.99% of the Glittek Granites Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Glittek Granites Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 35.6% based on the current price.

10 Year X-Ray :

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.
Glittek Granites 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.9%3.5%4.2%0.6%0.3%-7.7%-3.3%2.5%-15.2%51.1%-
Value Creation
Index
-0.6-0.8-0.7-1.0-1.0-1.6-1.2-0.8-2.12.7-

Growth Parameters

Sales 3425.723.821.21814.39.213.46.920
Sales YoY Gr.--24.6%-7.3%-11%-15%-20.2%-36.1%46.4%-48.4%-70.6%-
Adj EPS 0.3-00.5-0.2-0.6-1.2-0.9-0.4-2.4-5.6-0.2
YoY Gr.--109.1%NA-140.8%NANANANANANA-
BVPS (₹) 7.27.27.36.96.55.34.44.11.84.39.2
Adj Net
Profit
0.9-0.11.3-0.5-1.4-3.2-2.4-1-6.2-14.6-0
Cash Flow from Ops. 0.93.2-1.20.81.41.1-1.2-03.50.1-
Debt/CF from Ops. 19.84.9-14.921.812.816.5-17.3-1085.45.90-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -26.9%-35.3%-39.4%-70.6%
Adj EPS -237%NANANA
BVPS-5.5%-7.8%-0.7%141.3%
Share Price 33.6% 82.3% 131.2% 641.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.7-0.46.7-2.8-8.1-20.7-19-9.1-77.3-176.8-2.2
Op. Profit
Mgn %
9.78.210.384.5-13.1-3.89.5-59.3-1041.5-1261.7
Net Profit
Mgn %
2.6-0.35.4-2.5-8-22.5-26.6-7.8-89.3-716.4-778.8
Debt to
Equity
0.90.80.9111.31.724.100
Working Cap
Days
3013874385286167351,1047931,3982,1310
Cash Conv.
Cycle
2643553974845746741,0057181,2851,9210

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales34262421181491372
Operating Expenses + 31242120171610121124
Manufacturing Costs7654422221
Material Costs169876836618
Employee Cost 4444432221
Other Costs 4445332324
Operating Profit 32211-2-01-4-22
Operating Profit Margin (%) 9.7%8.2%10.0%5.4%4.5%-13.1%-3.8%9.5%-59.3%-1,067.3%
Other Income + -00000000031
Exceptional Items -0000000000
Interest 1111211222
Depreciation 1111111100
Profit Before Tax 100-1-2-4-2-1-67
Tax 00-1-0-0-1-0-001
Profit After Tax 101-1-1-3-2-1-67
PAT Margin (%) 2.1%0.0%5.2%-4.3%-7.1%-21.6%-25.2%-5.8%-88.7%336.8%
Adjusted EPS (₹)0.30.00.5-0.4-0.5-1.2-0.9-0.3-2.42.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Glittek Granites - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1919191817141211512
Share Capital 13131313131313131313
Reserves 666541-2-2-8-2
Debt +1815171718182021190
Long Term Debt0000004650
Short Term Debt1715171718171515140
Minority Interest0000000000
Trade Payables1111111210
Others Liabilities 11211-0-0010
Total Liabilities 38363938373332342512

Fixed Assets

Net Fixed Assets +10987654330
Gross Block3333333333332727271
Accumulated Depreciation2324252627282324251
CWIP 0000000000
Investments 0000000001
Inventories1215192122202221180
Trade Receivables151099765830
Cash Equivalents flag 00000000010
Others Assets 2121121111
Total Assets 38363938373332342512

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 13-1111-1-030
PBT 100-1-2-4-2-1-67
Adjustment 222232232-29
Changes in Working Capital -21-3-013-1-2722
Tax Paid -0-0-0000-0-0-0-1
Cash Flow From Investing Activity + -0-0000-000032
Capex -0-00-0-0000-040
Net Investments 00000-0-0-00-1
Others 000000-000-6
Cash Flow From Financing Activity + -1-31-1-1-11-0-3-22
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000022-2-20
Interest Paid -1-1-1-1-2-1-1-2-2-2
Dividend Paid 0000000000
Others -0-220000000
Net Cash Flow -00-0-00-0-00010

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.9406.57-4.87-7.34-20.3-18.36-7.02-79.8286.4
ROCE (%)5.883.494.150.580.34-7.71-3.252.54-15.2151.12
Asset Turnover Ratio0.880.690.640.550.480.410.280.410.230.11
PAT to CFO Conversion(x)1N/A-1N/AN/AN/AN/AN/AN/A0
Working Capital Days
Receivable Days155.60174.60146.50156.10157.30165.10213.30170.90292.300
Inventory Days123.20191.20266.60344.90432.90534.20831.40584.201,041.901,658.70
Payable Days28.7025.1037.8043.3043.9052136.6075.8092.1013.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Glittek Granites Ltd FAQs

The current trading price of Glittek Granites on 05-Jun-2026 10:54 is ₹42.66.

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 04-Jun-2026 the market cap of Glittek Granites stood at ₹105.5 Cr

The latest P/E ratio of Glittek Granites as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Glittek Granites as of 04-Jun-2026 is 4.41.

The 52-week high of Glittek Granites is ₹80.20 and the 52-week low is ₹5.47.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Glittek Granites is ₹0.05 ( Cr.) .

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.

About Glittek Granites Ltd

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:

  • Tiles
  • Panels
  • Slabs for interior and exterior walls
  • Floor cladding
  • Facades
  • Table
  • Counter tops, etc.

Achievements/ recognition:

  • 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.
  • Glittek is equipped with the best processing machinery in the world from Eisenwerk Hensel Bayreuth, Germany
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