Glittek Granites Ltd
₹ 42.7
5.00%
05 Jun
4:01 p.m.
About
Incorporated in 19, Glittek Granites is engaged in business of manufacturing, processing and trading of granite slab and tiles.[1]
Key Points
- Market Cap ₹ 111 Cr.
- Current Price ₹ 42.7
- High / Low ₹ 80.2 / 5.47
- Stock P/E
- Book Value ₹ 4.21
- Dividend Yield 0.00 %
- ROCE -3.38 %
- ROE -3.47 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 10.1 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -67.8% over past five years.
- Company has a low return on equity of -108% over last 3 years.
- Working capital days have increased from 6,754 days to 20,221 days
* 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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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33.76 | 33.89 | 25.50 | 23.77 | 21.16 | 17.98 | 14.34 | 9.17 | 13.42 | 6.93 | 2.04 | 0.05 | |
| 30.36 | 30.58 | 23.27 | 21.38 | 20.03 | 17.16 | 16.22 | 9.52 | 12.15 | 11.03 | 23.24 | 1.75 | |
| Operating Profit | 3.40 | 3.31 | 2.23 | 2.39 | 1.13 | 0.82 | -1.88 | -0.35 | 1.27 | -4.10 | -21.20 | -1.70 |
| OPM % | 10.07% | 9.77% | 8.75% | 10.05% | 5.34% | 4.56% | -13.11% | -3.82% | 9.46% | -59.16% | -1,039.22% | -3,400.00% |
| 0.09 | -0.14 | 0.03 | 0.08 | 0.07 | 0.27 | 0.25 | 0.25 | 0.41 | 0.13 | 30.73 | 1.36 | |
| Interest | 1.49 | 1.24 | 1.06 | 1.14 | 1.43 | 1.87 | 1.28 | 1.28 | 1.69 | 1.71 | 1.93 | 0.01 |
| Depreciation | 1.06 | 1.02 | 1.01 | 1.00 | 0.99 | 0.96 | 0.96 | 0.94 | 0.85 | 0.46 | 0.13 | 0.04 |
| Profit before tax | 0.94 | 0.91 | 0.19 | 0.33 | -1.22 | -1.74 | -3.87 | -2.32 | -0.86 | -6.14 | 7.47 | -0.39 |
| Tax % | 19.15% | 20.88% | 94.74% | -275.76% | -26.23% | -26.44% | -19.90% | -0.86% | -9.30% | 0.00% | 8.17% | 0.00% |
| 0.76 | 0.72 | 0.00 | 1.23 | -0.90 | -1.28 | -3.10 | -2.31 | -0.78 | -6.14 | 6.86 | -0.39 | |
| EPS in Rs | 0.29 | 0.28 | 0.00 | 0.47 | -0.35 | -0.49 | -1.19 | -0.89 | -0.30 | -2.37 | 2.64 | -0.15 |
| 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: | -48% |
| 5 Years: | -68% |
| 3 Years: | -85% |
| TTM: | -98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 15% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 82% |
| 3 Years: | 131% |
| 1 Year: | 642% |
| Return on Equity | |
|---|---|
| 10 Years: | -26% |
| 5 Years: | -63% |
| 3 Years: | -108% |
| Last Year: | -3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4.96 | 5.68 | 5.68 | 5.94 | 5.05 | 3.84 | 0.71 | -1.53 | -2.23 | -8.33 | -1.75 | -2.35 |
| 17.92 | 17.71 | 15.48 | 17.96 | 18.02 | 18.10 | 18.11 | 20.36 | 22.03 | 20.28 | 0.00 | 0.00 | |
| 3.22 | 1.66 | 1.41 | 1.81 | 1.55 | 1.91 | 2.16 | 1.26 | 2.19 | 1.65 | 1.66 | 0.05 | |
| Total Liabilities | 39.39 | 38.34 | 35.86 | 39.00 | 37.91 | 37.14 | 34.27 | 33.38 | 35.28 | 26.89 | 13.20 | 10.99 |
| 11.00 | 10.02 | 9.08 | 8.01 | 7.03 | 6.06 | 5.14 | 3.95 | 3.25 | 2.79 | 0.12 | 0.06 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 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 | 1.25 | 2.72 |
| 28.39 | 28.32 | 26.78 | 30.99 | 30.88 | 31.08 | 29.13 | 29.30 | 32.03 | 24.10 | 11.83 | 8.21 | |
| Total Assets | 39.39 | 38.34 | 35.86 | 39.00 | 37.91 | 37.14 | 34.27 | 33.38 | 35.28 | 26.89 | 13.20 | 10.99 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.38 | 0.89 | 3.17 | -1.15 | 0.80 | 1.39 | 1.10 | -1.18 | -0.02 | 3.45 | 0.08 | 0.00 | |
| -0.72 | -0.02 | -0.04 | 0.12 | 0.07 | 0.06 | -0.02 | 0.21 | 0.06 | 0.00 | 31.83 | 0.00 | |
| 0.31 | -1.14 | -2.87 | 0.77 | -0.88 | -1.37 | -1.26 | 0.97 | -0.02 | -3.45 | -22.22 | 0.00 | |
| Net Cash Flow | -0.03 | -0.27 | 0.25 | -0.26 | -0.01 | 0.07 | -0.18 | 0.00 | 0.02 | 0.00 | 9.69 | 0.00 |
| Free Cash Flow | -0.37 | 0.84 | 3.10 | -1.11 | 0.80 | 1.39 | 1.10 | -1.04 | 0.05 | 3.44 | 33.12 | 0.00 |
| CFO/OP | 16% | 33% | 144% | -48% | 71% | 170% | -59% | 337% | -2% | -84% | -5% | 0% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 152.88 | 160.04 | 138.70 | 144.19 | 150.07 | 137.84 | 157.30 | 180.31 | 218.40 | 161.17 | 0.00 | 0.00 |
| Inventory Days | 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 | 0.00 |
| Days Payable | 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 | 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 | 0.00 |
| Working Capital Days | 67.36 | 90.47 | 130.40 | 163.84 | 181.98 | 198.33 | 179.45 | 401.22 | 315.50 | 240.70 | -198.60 | 20,221.00 |
| ROCE % | 6.79% | 5.96% | 3.51% | 4.10% | 0.57% | 0.36% | -7.69% | -3.24% | 2.36% | -15.19% | -115.33% | -3.38% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory of Work-in-Progress (Slabs) Rs. in Lakhs |
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| Raw Material Consumption (Rough Blocks) Rs. in Lakhs |
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| Number of Permanent Employees Number |
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| Power and Fuel Consumption Rs. in Lakhs |
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| Export Sales Concentration - USA % |
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| Installed Capacity Square Meters Per Annum |
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Documents
Announcements
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Disclosure Under Regulation 33 Of The SEBI (LODR) Regulation, 2015
21 May - Board approved audited FY26 results; auditors issued unmodified opinion, noting MSME interest delay issue.
- Disclosure Under Regulation 33 Of The SEBI (LODR) Regulation, 2015 21 May
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Board Meeting Outcome for Outcome Of Board Meeting
21 May - Audited FY2026 results filed; auditor noted unpaid MSME delayed-payment interest.
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Announcement under Regulation 30 (LODR)-Open Offer - Updates
19 May - Jana Small Finance Bank e-auction of mortgaged Thane flat on 20 June 2026.
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Pre-Offer Advertisement & Corrigendum to Detailed Public Statement
19 May - Jana Small Finance Bank announces e-auction of mortgaged property under SARFAESI.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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.