Asian Granito India Ltd

Asian Granito India Ltd

₹ 63.4 1.85%
29 Sep - close price
About

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]

Key Points

Diversified Presence
The company’s product portfolio is well diversified, comprising the entire basket of tile, and quartz offerings and covering a wide range of wall/flooring solutions and sanitary ware products. [1]

  • Market Cap 803 Cr.
  • Current Price 63.4
  • High / Low 70.7 / 34.0
  • Stock P/E
  • Book Value 99.1
  • Dividend Yield 1.10 %
  • ROCE -6.43 %
  • ROE -6.68 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.64 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.22% over past five years.
  • Promoter holding is low: 29.0%
  • Company has a low return on equity of 1.85% over last 3 years.
  • Contingent liabilities of Rs.295 Cr.
  • Promoter holding has decreased over last 3 years: -5.06%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
129.40 344.30 384.46 434.14 272.98 375.75 436.64 478.45 310.03 397.77 399.17 455.75 334.80
125.64 302.93 334.98 392.81 248.03 342.27 399.56 449.32 304.66 398.64 427.74 499.80 325.16
Operating Profit 3.76 41.37 49.48 41.33 24.95 33.48 37.08 29.13 5.37 -0.87 -28.57 -44.05 9.64
OPM % 2.91% 12.02% 12.87% 9.52% 9.14% 8.91% 8.49% 6.09% 1.73% -0.22% -7.16% -9.67% 2.88%
0.23 0.42 0.56 0.13 0.25 38.82 1.45 1.65 1.91 4.89 6.91 3.06 5.51
Interest 8.31 8.40 8.00 8.04 6.23 6.31 5.57 5.28 5.59 5.38 5.58 10.40 7.81
Depreciation 7.54 7.27 7.22 7.31 7.22 7.72 7.24 7.89 7.71 8.55 9.24 8.64 9.71
Profit before tax -11.86 26.12 34.82 26.11 11.75 58.27 25.72 17.61 -6.02 -9.91 -36.48 -60.03 -2.37
Tax % 25.89% 21.98% 28.06% 27.15% 31.49% 7.31% 30.13% 34.30% 29.24% 23.61% 26.26% 19.74% -49.79%
-8.44 20.16 25.58 20.32 8.40 54.17 17.96 11.56 -4.26 -7.57 -26.89 -48.18 -3.54
EPS in Rs -0.67 1.74 2.18 1.55 0.65 4.25 1.41 0.95 -0.17 -0.26 -1.78 -3.53 -0.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
215 708 775 846 994 1,061 1,156 1,187 1,225 1,292 1,564 1,563 1,587
162 639 712 786 903 934 1,017 1,099 1,107 1,156 1,444 1,635 1,651
Operating Profit 54 70 63 60 91 127 139 88 118 136 120 -73 -64
OPM % 25% 10% 8% 7% 9% 12% 12% 7% 10% 11% 8% -5% -4%
1 2 1 1 1 5 8 9 10 5 50 21 20
Interest 7 25 21 23 29 41 39 37 40 35 26 27 29
Depreciation 7 22 22 19 28 24 25 27 31 29 30 34 36
Profit before tax 41 25 22 19 35 67 83 33 57 77 114 -112 -109
Tax % 28% 33% 39% 30% 32% 28% 31% 30% 19% 25% 19% 23%
30 17 12 15 26 49 57 23 46 58 92 -87 -86
EPS in Rs 3.80 2.09 1.45 1.77 2.91 4.05 4.74 1.88 3.79 4.52 7.26 -5.74 -5.76
Dividend Payout % 7% 13% 0% 0% 0% 9% 7% 9% 5% 3% 4% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 8%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -190%
Stock Price CAGR
10 Years: 15%
5 Years: -11%
3 Years: -30%
1 Year: 14%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 2%
Last Year: -7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
21 22 23 23 23 30 30 30 30 34 57 127
Reserves 146 240 253 267 341 369 405 421 466 589 861 1,129
65 252 228 175 335 327 340 361 332 295 199 227
60 134 182 186 251 334 416 469 431 450 412 439
Total Liabilities 292 648 685 651 950 1,060 1,191 1,281 1,259 1,367 1,529 1,922
103 174 178 188 392 413 426 472 463 457 476 577
CWIP 11 3 7 15 6 1 11 0 9 24 52 177
Investments 14 18 13 11 13 17 23 28 30 46 66 13
164 454 488 438 539 629 731 782 757 839 935 1,155
Total Assets 292 648 685 651 950 1,060 1,191 1,281 1,259 1,367 1,529 1,922

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
21 19 62 104 21 63 94 88 56 46 -7 -49
-12 -49 -28 -33 -221 -40 -48 -62 -41 -26 -23 -423
-4 34 -43 -76 203 -22 -42 -16 -40 10 98 408
Net Cash Flow 4 4 -10 -4 3 1 5 9 -24 30 67 -64

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 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 90 71 72 103 127 123 112 119 109 97
Inventory Days 604 193 157 130 145 179 164 174 149 142 123 88
Days Payable 201 93 107 93 92 150 177 192 159 134 105 106
Cash Conversion Cycle 478 188 140 108 125 132 114 105 102 126 127 80
Working Capital Days 166 131 117 90 102 107 101 93 108 126 123 115
ROCE % 26% 8% 9% 11% 14% 16% 9% 11% 12% 10% -6%

Shareholding Pattern

Numbers in percentages

12 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
33.25% 34.02% 37.98% 26.12% 26.12% 26.12% 29.00% 29.02% 29.02% 29.02% 29.02% 29.02%
0.00% 0.00% 1.04% 0.00% 0.16% 0.36% 0.56% 0.89% 1.48% 1.21% 1.57% 1.20%
3.97% 3.55% 2.14% 0.87% 0.49% 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
62.78% 62.43% 58.84% 73.01% 73.23% 73.02% 70.45% 70.09% 69.50% 69.77% 69.42% 69.79%
No. of Shareholders 17,43718,07529,13750,65562,83464,64375,70491,98693,36391,19589,93691,437

* 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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