Asian Granito India Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 551 Cr.
  • Current Price 162
  • High / Low 318 / 109
  • Stock P/E 12.4
  • Book Value 159
  • Dividend Yield 0.43 %
  • ROCE 11.8 %
  • ROE 8.89 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.02 times its book value
  • Promoter holding has increased by 3.96% over last quarter.

Cons

  • The company has delivered a poor sales growth of 7.68% over past five years.
  • Company has a low return on equity of 8.71% for last 3 years.
  • Contingent liabilities of Rs.297.09 Cr.
  • Dividend payout has been low at 7.02% of profits over last 3 years
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
392 239 283 296 369 312 357 298 258 129 344 384
355 218 264 272 345 278 328 264 237 126 303 335
Operating Profit 36 20 18 24 24 34 29 34 21 4 41 49
OPM % 9% 9% 6% 8% 7% 11% 8% 11% 8% 3% 12% 13%
Other Income 1 0 1 1 2 1 1 1 2 0 0 1
Interest 8 7 8 9 11 9 9 10 10 8 8 8
Depreciation 7 6 7 7 7 8 8 9 6 8 7 7
Profit before tax 21 7 4 9 9 19 14 15 7 -12 26 35
Tax % 20% 26% 23% 43% 38% 35% 1% 25% 11% 26% 22% 28%
Net Profit 17 6 4 5 6 11 13 11 7 -7 20 25
EPS in Rs 5.62 1.95 1.48 1.54 1.92 3.75 4.23 3.70 2.34 -2.48 6.45 8.07

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
169 215 708 775 846 994 1,061 1,156 1,187 1,225 1,116
129 162 639 712 786 903 934 1,017 1,099 1,107 1,001
Operating Profit 40 54 70 63 60 91 127 139 88 118 115
OPM % 24% 25% 10% 8% 7% 9% 12% 12% 7% 10% 10%
Other Income 0 1 2 1 1 1 5 8 9 10 4
Interest 6 7 25 21 23 29 41 39 37 40 34
Depreciation 5 7 22 22 19 28 24 25 27 31 28
Profit before tax 29 41 25 22 19 35 67 83 33 57 56
Tax % 21% 28% 33% 39% 30% 32% 28% 31% 30% 19%
Net Profit 23 30 17 12 15 24 45 53 21 42 44
EPS in Rs 14.05 7.72 5.35 6.55 10.74 14.98 17.51 6.94 14.02 14.38
Dividend Payout % 0% 7% 13% 0% 0% 0% 9% 7% 9% 5%
Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:5%
TTM:-16%
Compounded Profit Growth
10 Years:%
5 Years:23%
3 Years:-1%
TTM:9%
Stock Price CAGR
10 Years:13%
5 Years:-1%
3 Years:-29%
1 Year:18%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
14 21 22 23 23 23 30 30 30 30 31
Reserves 58 146 240 253 267 333 369 405 421 466 509
Borrowings 63 65 252 228 175 335 327 340 361 332 320
40 60 134 182 186 259 334 416 469 431 425
Total Liabilities 175 292 648 685 651 950 1,060 1,191 1,281 1,259 1,285
58 103 174 178 188 392 413 426 472 463 450
CWIP 3 11 3 7 15 6 1 11 0 9 11
Investments 0 14 18 13 11 13 17 23 28 30 32
114 164 454 488 438 539 629 731 782 757 792
Total Assets 175 292 648 685 651 950 1,060 1,191 1,281 1,259 1,285

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 21 19 62 104 21 63 94 88 56
-11 -12 -49 -28 -33 -221 -40 -48 -62 -41
3 -4 34 -43 -76 203 -22 -42 -16 -40
Net Cash Flow 2 4 4 -10 -4 3 1 5 9 -24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 26% 8% 9% 11% 15% 16% 9% 12%
Debtor Days 81 76 88 90 71 72 103 127 123 112
Inventory Turnover 1.55 3.00 3.35 3.41 2.70 2.75 2.78 2.82

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
32.49 32.42 32.42 33.12 34.11 34.10 34.08 33.72 34.08 33.25 34.02 37.98
4.53 3.42 2.01 0.11 0.03 0.03 0.03 0.03 0.00 0.00 0.00 1.04
7.56 7.39 8.62 9.12 9.87 10.68 8.80 11.09 5.09 3.97 3.55 2.14
55.41 56.77 56.94 57.66 55.99 55.20 57.09 55.16 60.83 62.78 62.43 58.84

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