Asian Granito India Ltd
The Asian Granito India Ltd (The Company or AGL), established in the year 2000, has emerged as one of the leading ceramic companies in India. Over a short span of two decades, it has built a distinctive reputation for itself in India as well in the global markets as a manufacturer of a wide variety of finest quality Ceramic Tiles, Engineered Marble and Quartz. [1]
- Market Cap ₹ 795 Cr.
- Current Price ₹ 62.7
- High / Low ₹ 86.1 / 44.2
- Stock P/E
- Book Value ₹ 99.4
- Dividend Yield 0.00 %
- ROCE -2.45 %
- ROE -2.54 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.63 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.15% over past five years.
- Promoter holding is low: 29.0%
- Company has a low return on equity of 3.62% over last 3 years.
- Contingent liabilities of Rs.244 Cr.
- Earnings include an other income of Rs.38.2 Cr.
- Promoter holding has decreased over last 3 years: -8.96%
* 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.
Peer comparison
Sector: Ceramic Products Industry: Ceramics - Tiles / Sanitaryware
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 624 | 708 | 759 | 823 | 873 | 946 | 1,005 | 1,005 | 1,013 | 1,036 | 1,349 | 1,354 | 1,353 | |
| 557 | 639 | 695 | 763 | 803 | 865 | 920 | 961 | 945 | 938 | 1,267 | 1,396 | 1,375 | |
| Operating Profit | 67 | 70 | 64 | 60 | 70 | 81 | 84 | 44 | 68 | 98 | 82 | -43 | -22 |
| OPM % | 11% | 10% | 8% | 7% | 8% | 9% | 8% | 4% | 7% | 9% | 6% | -3% | -2% |
| 3 | 2 | 1 | 1 | 1 | 6 | 5 | 3 | 7 | 3 | 50 | 35 | 38 | |
| Interest | 20 | 25 | 21 | 22 | 24 | 24 | 21 | 18 | 20 | 17 | 7 | 9 | 10 |
| Depreciation | 22 | 22 | 22 | 19 | 21 | 16 | 17 | 17 | 18 | 18 | 18 | 19 | 19 |
| Profit before tax | 27 | 25 | 22 | 20 | 26 | 47 | 51 | 12 | 37 | 66 | 108 | -36 | -13 |
| Tax % | 33% | 33% | 37% | 28% | 27% | 32% | 35% | 39% | 20% | 25% | 18% | 26% | |
| 18 | 17 | 14 | 14 | 19 | 32 | 33 | 7 | 30 | 49 | 88 | -26 | -12 | |
| EPS in Rs | 2.32 | 2.09 | 1.70 | 1.74 | 2.27 | 2.85 | 2.97 | 0.66 | 2.66 | 3.91 | 6.94 | -2.08 | -0.92 |
| Dividend Payout % | 12% | 13% | 0% | 0% | 0% | 12% | 12% | 25% | 7% | 3% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 10% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -164% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -12% |
| 3 Years: | -15% |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | -3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 22 | 23 | 23 | 23 | 30 | 30 | 30 | 30 | 34 | 57 | 127 | 127 |
| Reserves | 219 | 240 | 258 | 272 | 309 | 318 | 348 | 350 | 377 | 492 | 780 | 1,094 | 1,133 |
| 194 | 252 | 228 | 175 | 176 | 154 | 158 | 162 | 176 | 112 | 14 | 79 | 98 | |
| 104 | 134 | 177 | 180 | 197 | 276 | 321 | 359 | 319 | 307 | 262 | 307 | 330 | |
| Total Liabilities | 538 | 648 | 685 | 650 | 704 | 778 | 857 | 902 | 903 | 945 | 1,113 | 1,607 | 1,687 |
| 185 | 174 | 177 | 188 | 224 | 232 | 228 | 231 | 246 | 236 | 240 | 248 | 243 | |
| CWIP | 0 | 3 | 7 | 15 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 0 | 0 |
| Investments | 3 | 18 | 20 | 18 | 35 | 34 | 48 | 54 | 37 | 47 | 107 | 76 | 116 |
| 350 | 454 | 481 | 429 | 444 | 512 | 579 | 616 | 619 | 663 | 765 | 1,283 | 1,328 | |
| Total Assets | 538 | 648 | 685 | 650 | 704 | 778 | 857 | 902 | 903 | 945 | 1,113 | 1,607 | 1,687 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 19 | 52 | 106 | 63 | 71 | 42 | 50 | -23 | 56 | -26 | -54 | |
| -20 | -49 | -30 | -34 | -60 | -23 | -17 | -21 | -0 | -10 | -43 | -450 | |
| 26 | 34 | -33 | -76 | -4 | -47 | -21 | -19 | -0 | -28 | 111 | 462 | |
| Net Cash Flow | 8 | 4 | -11 | -4 | -1 | -0 | 4 | 10 | -23 | 18 | 43 | -43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 88 | 89 | 70 | 74 | 97 | 116 | 120 | 121 | 123 | 110 | 108 |
| Inventory Days | 197 | 193 | 160 | 133 | 123 | 122 | 118 | 121 | 109 | 114 | 81 | 56 |
| Days Payable | 80 | 93 | 107 | 93 | 97 | 140 | 150 | 166 | 130 | 122 | 70 | 89 |
| Cash Conversion Cycle | 193 | 188 | 142 | 110 | 100 | 79 | 84 | 76 | 99 | 116 | 120 | 75 |
| Working Capital Days | 121 | 131 | 118 | 90 | 91 | 79 | 90 | 83 | 111 | 121 | 119 | 123 |
| ROCE % | 12% | 11% | 9% | 9% | 10% | 14% | 14% | 6% | 10% | 14% | 10% | -2% |
Documents
Announcements
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Statement Of Deviation And Variation
19h - With respect to Statement of Deviation for quarter ended on 31st March, 2024.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 19h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Apr
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Apr
- Change In The Senior Management 16 Apr
Annual reports
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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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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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Jan 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Apr 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017Transcript PPT
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Aug 2017TranscriptNotesPPT
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May 2017Transcript PPT
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Jan 2017TranscriptPPT
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Oct 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Oct 2015TranscriptNotesPPT
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Sep 2015TranscriptNotesPPT
Products[1]
AGL manufactures and markets a wide range of products viz. Floor Tiles, Wall Tiles, Parking Tiles, Glazed Vitrified Tiles (GVT), Polished Vitrified Tiles (PVT), Double Charge Tiles, Countertops, Quartz Surfaces, Marble Surfaces, Sanitaryware, Bathware, CP Fittings, Faucets and Construction Chemicals.