Glittek Granites Ltd

₹ 5.47 -4.87%

09 Jun - close price

About

Incorporated in 1990, Glittek Granites is engaged in manufacturing, trading and exporting of finished granite and other stone products.

Key Points

Business Overview:^[1]
Company offers range of granite in tiles and slab which are suitable for walls, floors and counter-tops. Company offers granite in various cuts, finishes and size such as mirror-polish, honed, flamed, leather or satin. Apart from this, company also offers other engineered stones too.

Website BSE

Market Cap ₹ 14.2 Cr.
Current Price ₹ 5.47
High / Low ₹ 6.11 / 2.49
Stock P/E 2.07
Book Value ₹ 4.45
Dividend Yield 0.00 %
ROCE 51.1 %
ROE 83.2 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 49.1% CAGR over last 5 years

Cons

The company has delivered a poor sales growth of -35.3% over past five years.
Company has a low return on equity of -0.43% over last 3 years.
Earnings include an other income of Rs.31.3 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	2	3	1	4	6	2	2	1	2	1	0	0	0
	2	2	2	3	5	2	3	2	4	4	12	3	4
Operating Profit	0	1	-1	1	1	-0	-1	-1	-2	-3	-12	-3	-4
OPM %	10%	24%	-157%	22%	21%	-1%	-43%	-103%	-127%	-254%	-5,714%	-615%	-1,332%
	0	0	0	0	0	0	0	0	0	-0	0	0	31
Interest	0	0	0	0	0	0	0	0	0	0	1	1	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-0	0	-2	0	1	-1	-2	-1	-2	-3	-13	-4	27
Tax %	-6%	0%	-15%	27%	16%	-28%	-26%	-1%	24%	0%	0%	0%	2%
	-0	0	-2	0	1	-0	-1	-1	-3	-3	-13	-3	26
EPS in Rs	-0.12	0.02	-0.65	0.12	0.22	-0.18	-0.44	-0.57	-1.18	-1.21	-4.83	-1.34	10.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	39.80	33.76	33.89	25.50	23.77	21.16	17.98	14.34	9.17	13.42	6.93	2.04
	35.21	30.36	30.58	23.27	21.38	20.03	17.16	16.22	9.52	12.15	11.03	23.77
Operating Profit	4.59	3.40	3.31	2.23	2.39	1.13	0.82	-1.88	-0.35	1.27	-4.10	-21.73
OPM %	11.53%	10.07%	9.77%	8.75%	10.05%	5.34%	4.56%	-13.11%	-3.82%	9.46%	-59.16%	-1,065.20%
	0.57	0.09	-0.14	0.03	0.08	0.07	0.27	0.25	0.25	0.41	0.13	31.26
Interest	2.15	1.49	1.24	1.06	1.14	1.43	1.87	1.28	1.28	1.69	1.71	1.93
Depreciation	1.53	1.06	1.02	1.01	1.00	0.99	0.96	0.96	0.94	0.85	0.46	0.13
Profit before tax	1.48	0.94	0.91	0.19	0.33	-1.22	-1.74	-3.87	-2.32	-0.86	-6.14	7.47
Tax %	18.92%	19.15%	20.88%	94.74%	-275.76%	-26.23%	-26.44%	-19.90%	-0.86%	-9.30%	0.00%	8.17%
	1.20	0.76	0.72	0.00	1.23	-0.90	-1.28	-3.10	-2.31	-0.78	-6.14	6.86
EPS in Rs	0.46	0.29	0.28	0.00	0.47	-0.35	-0.49	-1.19	-0.89	-0.30	-2.37	2.64
Dividend Payout %	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-24%
5 Years:	-35%
3 Years:	-39%
TTM:	-71%

Compounded Profit Growth
10 Years:	25%
5 Years:	49%
3 Years:	71%
TTM:	212%

Stock Price CAGR
10 Years:	9%
5 Years:	35%
3 Years:	12%
1 Year:	88%

Return on Equity
10 Years:	-4%
5 Years:	-10%
3 Years:	0%
Last Year:	83%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13.29	13.29	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	-8.33	-1.75
	16.36	17.92	17.71	15.48	17.96	18.02	18.10	18.11	20.36	22.03	20.29	0.00
	3.50	3.22	1.66	1.41	1.81	1.55	1.91	2.16	1.26	2.19	1.64	1.66
Total Liabilities	38.30	39.39	38.34	35.86	39.00	37.91	37.14	34.27	33.38	35.28	26.89	13.20
	12.25	11.00	10.02	9.08	8.01	7.03	6.06	5.14	3.95	3.25	2.79	0.12
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.25
	26.05	28.39	28.32	26.78	30.99	30.88	31.08	29.13	29.30	32.03	24.10	11.83
Total Assets	38.30	39.39	38.34	35.86	39.00	37.91	37.14	34.27	33.38	35.28	26.89	13.20

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1.86	0.38	0.89	3.17	-1.15	0.80	1.39	1.10	-1.18	-0.02	3.45	0.08
	-0.23	-0.72	-0.02	-0.04	0.12	0.07	0.06	-0.02	0.21	0.06	0.00	31.83
	-1.46	0.31	-1.14	-2.87	0.77	-0.88	-1.37	-1.26	0.97	-0.02	-3.45	-22.22
Net Cash Flow	0.17	-0.03	-0.27	0.25	-0.26	-0.01	0.07	-0.18	0.00	0.02	0.00	9.69

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	140.13	152.88	160.04	138.70	144.19	150.07	137.84	157.30	180.31	218.40	161.17	0.00
Inventory Days	113.28	206.35	218.47	608.86	844.42	1,054.05	1,371.70	912.50	2,848.30	1,357.18	1,217.99	1.61
Days Payable	24.87	33.97	11.55	26.21	46.98	31.23	49.74	66.95	82.12	111.17	70.09	6.24
Cash Conversion Cycle	228.54	325.26	366.97	721.35	941.62	1,172.89	1,459.80	1,002.85	2,946.49	1,464.41	1,309.07	-4.63
Working Capital Days	190.48	251.26	277.76	351.55	439.63	492.82	565.77	635.82	1,039.67	755.57	1,068.67	1,540.51
ROCE %	10.70%	6.79%	5.96%	3.51%	4.10%	0.57%	0.36%	-7.69%	-3.24%	2.36%	-15.19%	51.10%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	63.44%	63.44%	63.37%	63.90%	63.90%	63.90%	63.90%	64.78%	64.78%	64.68%	64.76%	64.76%
	7.90%	7.90%	7.90%	7.90%	7.90%	7.77%	7.77%	7.60%	7.60%	7.60%	7.60%	7.60%
	28.65%	28.65%	28.72%	28.19%	28.18%	28.31%	28.33%	27.61%	27.62%	27.72%	27.64%	27.63%
No. of Shareholders	9,718	9,768	9,765	9,761	9,777	9,776	9,788	9,850	9,890	9,885	10,133	10,108

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	63.87%	63.87%	63.87%	63.87%	63.87%	63.07%	63.44%	63.90%	64.78%	64.76%
	10.37%	8.28%	8.28%	7.99%	7.99%	7.99%	7.90%	7.90%	7.60%	7.60%
	25.76%	27.85%	27.85%	28.14%	28.14%	28.95%	28.65%	28.19%	27.61%	27.63%
No. of Shareholders	8,844	8,858	8,979	8,938	8,897	8,916	9,673	9,761	9,850	10,108

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Glittek Granites Ltd

Glittek Granites Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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