Is Glittek Granites Ltd (513528) a good quality company?

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

Is Glittek Granites Ltd (513528) undervalued or overvalued?

The key valuation ratios of Glittek Granites Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Glittek Granites Ltd (513528) share price return in the past 10 years?

Glittek Granites Ltd share price has appreciated 35.8% annually (CAGR) over the past ten years.

Is Glittek Granites Ltd (513528) a good buy now?

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.

What is the share price of Glittek Granites Ltd (513528)?

Company share prices are keep on changing according to the market conditions. The current trading price of Glittek Granites Ltd (513528) on 10-Apr-2026 16:59:59 at 16:59 is 52.39.

What is the market cap of Glittek Granites Ltd (513528)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Glittek Granites stood at Rs. 136.00 Cr.

What is the P/E ratio of Glittek Granites?

The latest standalone P/E ratio of Glittek Granites as of 10-Apr-2026 is 5.36.

What is the P/B ratio of Glittek Granites Ltd (513528)?

The latest standalone P/B ratio of Glittek Granites Ltd (513528) as of 10-Apr-2026 is 12.86.

What is the 52-week high and low of Glittek Granites Ltd (513528)?

The 52-week high of Glittek Granites Ltd (513528) is Rs. 80.20 and the 52-week low is Rs. 4.48.

What is the TTM revenue of Glittek Granites Ltd (513528)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Glittek Granites is Rs. 0.36 (Cr.).

Glittek Granites Ltd (513528) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Glittek Granites Ltd (513528)
Brand: Glittek Granites

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
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	-2.1	2.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	34	25.7	23.8	21.2	18	14.3	9.2	13.4	6.9	2	0
Sales YoY Gr.	-	-24.6%	-7.3%	-11%	-15%	-20.2%	-36.1%	46.4%	-48.4%	-70.6%	-
Adj EPS ⓘ	0.3	-0	0.5	-0.2	-0.6	-1.2	-0.9	-0.4	-2.4	-5.6	9.8
YoY Gr.	-	-109.1%	NA	-140.8%	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	7.2	7.2	7.3	6.9	6.5	5.3	4.4	4.1	1.8	4.3	4.1
Adj Net Profit ⓘ	0.9	-0.1	1.3	-0.5	-1.4	-3.2	-2.4	-1	-6.2	-14.6	25
Cash Flow from Ops. ⓘ	0.9	3.2	-1.2	0.8	1.4	1.1	-1.2	-0	3.5	0.1	-
Debt/CF from Ops. ⓘ	19.8	4.9	-14.9	21.8	12.8	16.5	-17.3	-1085.4	5.9	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-26.9%	-35.3%	-39.4%	-70.6%
Adj EPS ⓘ	-237%	NA	NA	NA
BVPSⓘ	-5.5%	-7.8%	-0.7%	141.3%
Share Price	35.8%	104.1%	163.9%	1069.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	4.7	-0.4	6.7	-2.8	-8.1	-20.7	-19	-9.1	-77.3	-176.8	233.1
Op. Profit Mgn % ⓘ	9.7	8.2	10.3	8	4.5	-13.1	-3.8	9.5	-59.3	-1041.5	-1324.5
Net Profit Mgn % ⓘ	2.6	-0.3	5.4	-2.5	-8	-22.5	-26.6	-7.8	-89.3	-716.4	7052.5
Debt to Equity ⓘ	0.9	0.8	0.9	1	1	1.3	1.7	2	4.1	0	-
Working Cap Days ⓘ	301	387	438	528	616	735	1,104	793	1,398	2,131	748
Cash Conv. Cycle ⓘ	264	355	397	484	574	674	1,005	718	1,285	1,921	627

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 233.10%

Sales growth has been subdued in last 3 years -39.41%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -93.96%

	Standalone	Consolidated
TTM EPS (₹)	9.8	-
TTM Sales (₹ Cr.)	0.4	-
BVPS (₹) ⓘ	4.1	-
Reserves (₹ Cr.) ⓘ	-2	-
P/BV ⓘ	12.86	-
PE ⓘ	5.36	-

From the Market
52 Week Low / High (₹)	4.48 / 80.20
All Time Low / High (₹)	0.50 / 80.20
Market Cap (₹ Cr.)	136
Equity (₹ Cr.)	13
Face Value (₹)	5
Industry PE ⓘ	52.4

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	34	26	24	21	18	14	9	13	7	2
Operating Expenses ⓘ +	31	24	21	20	17	16	10	12	11	24
Manufacturing Costs	7	6	5	4	4	2	2	2	2	1
Material Costs	16	9	8	7	6	8	3	6	6	18
Employee Cost	4	4	4	4	4	3	2	2	2	1
Other Costs ⓘ	4	4	4	5	3	3	2	3	2	4
Operating Profit ⓘ	3	2	2	1	1	-2	-0	1	-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 ⓘ +	-0	0	0	0	0	0	0	0	0	31
Exceptional Items ⓘ	-0	0	0	0	0	0	0	0	0	0
Interest ⓘ	1	1	1	1	2	1	1	2	2	2
Depreciation ⓘ	1	1	1	1	1	1	1	1	0	0
Profit Before Tax ⓘ	1	0	0	-1	-2	-4	-2	-1	-6	7
Tax ⓘ	0	0	-1	-0	-0	-1	-0	-0	0	1
Profit After Tax	1	0	1	-1	-1	-3	-2	-1	-6	7
PAT Margin (%)	2.1%	0.0%	5.2%	-4.3%	-7.1%	-21.6%	-25.2%	-5.8%	-88.7%	336.8%
Adjusted EPS (₹)	0.3	0.0	0.5	-0.4	-0.5	-1.2	-0.9	-0.3	-2.4	2.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	19	19	19	18	17	14	12	11	5	12
Share Capital ⓘ	13	13	13	13	13	13	13	13	13	13
Reserves ⓘ	6	6	6	5	4	1	-2	-2	-8	-2
Debt +	18	15	17	17	18	18	20	21	19	0
Long Term Debt	0	0	0	0	0	0	4	6	5	0
Short Term Debt	17	15	17	17	18	17	15	15	14	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	1	1	1	1	1	1	2	1	0
Others Liabilities ⓘ	1	1	2	1	1	-0	-0	0	1	0
Total Liabilities ⓘ	38	36	39	38	37	33	32	34	25	12
Fixed Assets
Net Fixed Assets ⓘ +	10	9	8	7	6	5	4	3	3	0
Gross Block	33	33	33	33	33	33	27	27	27	1
Accumulated Depreciation	23	24	25	26	27	28	23	24	25	1
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	0	0	0	0	0	0	0	0	0	1
Inventories	12	15	19	21	22	20	22	21	18	0
Trade Receivables	15	10	9	9	7	6	5	8	3	0
Cash Equivalents ⓘ	0	0	0	0	0	0	0	0	0	10
Others Assets ⓘ	2	1	2	1	1	2	1	1	1	1
Total Assets ⓘ	38	36	39	38	37	33	32	34	25	12

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1	3	-1	1	1	1	-1	-0	3	0
PBT ⓘ	1	0	0	-1	-2	-4	-2	-1	-6	7
Adjustment ⓘ	2	2	2	2	3	2	2	3	2	-29
Changes in Working Capital ⓘ	-2	1	-3	-0	1	3	-1	-2	7	22
Tax Paid ⓘ	-0	-0	-0	0	0	0	-0	-0	-0	-1
Cash Flow From Investing Activity ⓘ +	-0	-0	0	0	0	-0	0	0	0	32
Capex	-0	-0	0	-0	-0	0	0	0	-0	40
Net Investments	0	0	0	0	0	-0	-0	-0	0	-1
Others ⓘ	0	0	0	0	0	0	-0	0	0	-6
Cash Flow From Financing Activity ⓘ +	-1	-3	1	-1	-1	-1	1	-0	-3	-22
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	2	2	-2	-20
Interest Paid ⓘ	-1	-1	-1	-1	-2	-1	-1	-2	-2	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-0	-2	2	0	0	0	0	0	0	0
Net Cash Flow ⓘ	-0	0	-0	-0	0	-0	-0	0	0	10

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.94	0	6.57	-4.87	-7.34	-20.3	-18.36	-7.02	-79.82	86.4
ROCE (%)	5.88	3.49	4.15	0.58	0.34	-7.71	-3.25	2.54	-15.21	51.12
Asset Turnover Ratio	0.88	0.69	0.64	0.55	0.48	0.41	0.28	0.41	0.23	0.11
PAT to CFO Conversion(x)	1	N/A	-1	N/A	N/A	N/A	N/A	N/A	N/A	0
Working Capital Days
Receivable Days	156	175	146	156	157	165	213	171	292	0
Inventory Days	123	191	267	345	433	534	831	584	1,042	1,659
Payable Days	29	25	38	43	44	52	137	76	92	14

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Glittek Granites Ltd (513528) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Glittek Granites Share Price