Asian Granito India Ltd

Asian Granito India Ltd

₹ 80.6 -2.76%
12 Jul - 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

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.

  • Market Cap 1,021 Cr.
  • Current Price 80.6
  • High / Low 86.1 / 44.2
  • Stock P/E
  • Book Value 100.0
  • Dividend Yield 0.00 %
  • ROCE 1.08 %
  • ROE -0.97 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.81 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.22% over past five years.
  • Promoter holding is low: 29.0%
  • Company has a low return on equity of -0.79% over last 3 years.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
434.14 272.98 375.75 436.64 478.45 310.03 397.77 399.17 455.75 334.80 400.93 371.23 423.63
392.81 248.03 342.27 399.56 449.32 304.66 398.64 427.74 499.80 325.16 380.98 369.73 403.74
Operating Profit 41.33 24.95 33.48 37.08 29.13 5.37 -0.87 -28.57 -44.05 9.64 19.95 1.50 19.89
OPM % 9.52% 9.14% 8.91% 8.49% 6.09% 1.73% -0.22% -7.16% -9.67% 2.88% 4.98% 0.40% 4.70%
0.13 0.25 38.82 1.45 1.65 1.91 4.89 6.91 3.06 5.51 1.20 1.28 4.43
Interest 8.04 6.23 6.31 5.57 5.28 5.59 5.38 5.58 10.40 7.81 7.13 5.18 11.22
Depreciation 7.31 7.22 7.72 7.24 7.89 7.71 8.55 9.24 8.64 9.71 12.26 12.10 12.93
Profit before tax 26.11 11.75 58.27 25.72 17.61 -6.02 -9.91 -36.48 -60.03 -2.37 1.76 -14.50 0.17
Tax % 27.15% 31.49% 7.31% 30.13% 34.30% 29.24% 23.61% 26.26% 19.74% -49.79% 259.09% 44.21% 3,282.35%
20.32 8.40 54.17 17.96 11.56 -4.26 -7.57 -26.89 -48.18 -3.54 -2.80 -8.10 -5.47
EPS in Rs 1.55 0.65 4.25 1.41 0.95 -0.17 -0.26 -1.78 -3.53 -0.19 -0.10 -0.49 -0.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
708 775 846 994 1,061 1,156 1,187 1,225 1,292 1,564 1,563 1,531
639 712 786 903 934 1,017 1,099 1,107 1,156 1,444 1,635 1,480
Operating Profit 70 63 60 91 127 139 88 118 136 120 -73 51
OPM % 10% 8% 7% 9% 12% 12% 7% 10% 11% 8% -5% 3%
2 1 1 1 5 8 9 10 5 50 21 12
Interest 25 21 23 29 41 39 37 40 35 26 27 31
Depreciation 22 22 19 28 24 25 27 31 29 30 34 47
Profit before tax 25 22 19 35 67 83 33 57 77 114 -112 -15
Tax % 33% 39% 30% 32% 28% 31% 30% 19% 25% 19% 23% -33%
17 12 15 26 49 57 23 46 58 92 -87 -20
EPS in Rs 2.09 1.45 1.77 2.91 4.05 4.74 1.88 3.79 4.52 7.26 -5.74 -0.97
Dividend Payout % 13% 0% 0% 0% 9% 7% 9% 5% 3% 4% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 6%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 83%
Stock Price CAGR
10 Years: 5%
5 Years: -11%
3 Years: -11%
1 Year: 71%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: -1%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 23 23 23 30 30 30 30 34 57 127 127
Reserves 240 253 267 341 369 405 421 466 589 861 1,129 1,141
252 228 175 335 327 340 361 332 295 199 227 248
134 182 186 251 334 416 469 431 450 412 439 391
Total Liabilities 648 685 651 950 1,060 1,191 1,281 1,259 1,367 1,529 1,922 1,907
174 178 188 392 413 426 472 463 457 476 577 783
CWIP 3 7 15 6 1 11 0 9 24 52 177 0
Investments 18 13 11 13 17 23 28 30 46 66 13 23
454 488 438 539 629 731 782 757 839 935 1,155 1,101
Total Assets 648 685 651 950 1,060 1,191 1,281 1,259 1,367 1,529 1,922 1,907

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19 62 104 21 63 94 88 56 46 -7 -49 -82
-49 -28 -33 -221 -40 -48 -62 -41 -26 -23 -423 71
34 -43 -76 203 -22 -42 -16 -40 10 98 408 8
Net Cash Flow 4 -10 -4 3 1 5 9 -24 30 67 -64 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 88 90 71 72 103 127 123 112 119 109 97 97
Inventory Days 193 157 130 145 179 164 174 149 142 123 88 101
Days Payable 93 107 93 92 150 177 192 159 134 105 106 104
Cash Conversion Cycle 188 140 108 125 132 114 105 102 126 127 80 94
Working Capital Days 131 117 90 102 107 101 93 108 126 123 115 161
ROCE % 8% 9% 11% 14% 16% 9% 11% 12% 10% -6% 1%

Shareholding Pattern

Numbers in percentages

13 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
26.12% 26.12% 26.12% 29.00% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02% 29.02%
0.00% 0.16% 0.36% 0.56% 0.89% 1.48% 1.21% 1.57% 1.20% 1.07% 0.97% 1.36%
0.87% 0.49% 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
73.01% 73.23% 73.02% 70.45% 70.09% 69.50% 69.77% 69.42% 69.79% 69.91% 70.01% 69.62%
No. of Shareholders 50,65562,83464,64375,70491,98693,36391,19589,93691,43788,42786,55988,171

* 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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