BSE:532888

Stock Analysis Report

Executive Summary

Asian Granito India Limited, together with its subsidiaries, manufactures and sells tiles, marbles, and quartz in India.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Risks

  • Asian Granito India is not covered by any analysts.

Share Price & News

How has Asian Granito India's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.1%

BSE:532888

-1.3%

IN Building

-0.7%

IN Market


1 Year Return

-0.9%

BSE:532888

-12.8%

IN Building

-12.1%

IN Market

532888 outperformed the Building industry which returned -13% over the past year.

532888 outperformed the Market in India which returned -12.1% over the past year.


Share holder returns

532888IndustryMarket
7 Day-3.1%-1.3%-0.7%
30 Day1.8%-8.3%-4.6%
90 Day-2.9%-10.8%-4.3%
1 Year-0.3%-0.9%-12.3%-12.8%-10.3%-12.1%
3 Year6.0%5.0%16.3%14.2%18.9%12.8%
5 Year156.8%154.4%84.7%78.5%37.6%24.7%

Price Volatility Vs. Market

How volatile is Asian Granito India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Asian Granito India undervalued based on future cash flows and its price relative to the stock market?

40%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Asian Granito India's share price is below the future cash flow value, and at a moderate discount (> 20%).

Asian Granito India's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Asian Granito India is overvalued based on earnings compared to the IN Building industry average.

Asian Granito India is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Asian Granito India, we can't assess if its growth is good value.


Price Based on Value of Assets

Asian Granito India is overvalued based on assets compared to the IN Building industry average.


Next Steps

Future Growth

How is Asian Granito India expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Asian Granito India is high growth as no revenue estimate data is available.

Asian Granito India's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Asian Granito India's revenue growth to the India market average as no estimate data is available.

Asian Granito India's earnings growth is positive but not above the India market average.

Asian Granito India's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Asian Granito India will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Asian Granito India performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Asian Granito India's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Asian Granito India's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Asian Granito India's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.


Return on Equity

Asian Granito India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Asian Granito India used its assets less efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Asian Granito India's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Asian Granito India's financial position?


Financial Position Analysis

Asian Granito India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Asian Granito India's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Asian Granito India's level of debt (68.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (77% vs 68.5% today).

Debt is well covered by operating cash flow (28.9%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.3x debt.


Next Steps

Dividend

What is Asian Granito India's current dividend yield, its reliability and sustainability?

0.27%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Asian Granito India before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Asian Granito India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.63%).

Asian Granito India's dividend is below the markets top 25% of dividend payers in India (2.52%).

Asian Granito India is not paying a notable dividend for India, therefore no need to check if the payments are stable.

Asian Granito India is not paying a notable dividend for India, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Asian Granito India's dividends as it is not paying a notable one for India.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Asian Granito India's salary, the management and board of directors tenure and is there insider trading?

8.2yrs

Average management tenure


CEO

Kamleshbhai Patel (48yo)

15.6yrs

Tenure

₹3,456,000

Compensation

Mr. Kamleshbhai Bhagubhai Patel has been the Chairman and Managing Director of Asian Granito India Limited since January 1, 2004. Mr. Patel served as Director of Finance at Asian Granito India Limited and  ...


CEO Compensation Analysis

Kamleshbhai's remuneration is higher than average for companies of similar size in India.

Kamleshbhai's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

8.2yrs

Average Tenure

48.5yo

Average Age

The average tenure for the Asian Granito India management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.3yrs

Average Tenure

50yo

Average Age

The tenure for the Asian Granito India board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹5,490,39729 Mar 19
Kamleshbhai Patel
EntityIndividual
Role
Chairman & MD
Chairman of the Board
Shares23,058
Max Price₹238.11
Buy₹3,861,82529 Mar 19
Mukeshbhai Patel
EntityIndividual
Role
MD & Executive Director
Member of the Board of Directors
Shares16,139
Max Price₹239.29
Buy₹7,152,87328 Mar 19
Kamleshbhai Patel
EntityIndividual
Role
Chairman & MD
Chairman of the Board
Shares31,277
Max Price₹228.69
Buy₹5,776,31128 Mar 19
Mukeshbhai Patel
EntityIndividual
Role
MD & Executive Director
Member of the Board of Directors
Shares25,231
Max Price₹228.94
Buy₹2,912,33423 Mar 19
Kamleshbhai Patel
EntityIndividual
Role
Chairman & MD
Chairman of the Board
Shares12,500
Max Price₹232.99
Buy₹2,912,50023 Mar 19
Mukeshbhai Patel
EntityIndividual
Role
MD & Executive Director
Member of the Board of Directors
Shares12,500
Max Price₹233.00
Buy₹5,618,45613 Mar 19
Mukeshbhai Patel
EntityIndividual
Role
MD & Executive Director
Member of the Board of Directors
Shares25,000
Max Price₹224.74
Buy₹6,722,48721 Feb 19
Kamleshbhai Patel
EntityIndividual
Role
Chairman & MD
Chairman of the Board
Shares41,548
Max Price₹161.80
Buy₹4,734,62120 Feb 19
Kamleshbhai Patel
EntityIndividual
Role
Chairman & MD
Chairman of the Board
Shares29,947
Max Price₹158.10
Sell₹800,00027 Aug 18
Hasmukhbhai Patel
EntityIndividual
Shares3,300
Max Price₹242.42

Ownership Breakdown


Management Team

  • Mukeshbhai Patel (49yo)

    MD & Executive Director

    • Tenure: 8.2yrs
    • Compensation: 2.64m
  • Kamleshbhai Patel (48yo)

    Chairman & MD

    • Tenure: 15.6yrs
    • Compensation: 3.46m
  • Kanubhai Patel (41yo)

    Executive Director

    • Compensation: 1.50m
  • Bhaveshbhai Patel (39yo)

    Executive Director

    • Compensation: 1.80m
  • Sureshbhai Patel (53yo)

    Executive Director

    • Compensation: 2.59m
  • B. Singhal

    Senior Vice President of Marble

    • Compensation: 4.66m
  • Bhogilal Patel (50yo)

    Executive Director

    • Compensation: 1.16m
  • Ashish Mehta

    Senior President of Sales & Marketing

  • Kalidasbhai Patel (49yo)

    Chief Financial Officer

  • Renuka Upadhyay (36yo)

    Deputy GM of Legal

    • Tenure: 4.7yrs

Board Members

  • Mukeshbhai Patel (49yo)

    MD & Executive Director

    • Compensation: 2.64m
  • Premjibhai Chaudhry (74yo)

    Independent Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: 41.11k
  • Kamleshbhai Patel (48yo)

    Chairman & MD

    • Tenure: 15.6yrs
    • Compensation: 3.46m
  • Amrutbhai Patel (62yo)

    Independent Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: 31.11k
  • Kanubhai Patel (41yo)

    Executive Director

    • Tenure: 8.3yrs
    • Compensation: 1.50m
  • Bhaveshbhai Patel (39yo)

    Executive Director

    • Compensation: 1.80m
  • Sureshbhai Patel (53yo)

    Executive Director

    • Tenure: 8.3yrs
    • Compensation: 2.59m
  • Bhogilal Patel (50yo)

    Executive Director

    • Tenure: 8.3yrs
    • Compensation: 1.16m
  • Indiraben Muthuswamy (68yo)

    Additional Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: 10.00k
  • Hemendrakumar Shah

    Non-Executive Independent Director

    • Tenure: 2.4yrs
    • Compensation: 127.50k

Company Information

Asian Granito India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asian Granito India Limited
  • Ticker: 532888
  • Exchange: BSE
  • Founded: 1995
  • Industry: building products
  • Sector: capital goods
  • Market Cap: ₹6.732b
  • Shares outstanding: 30.09m
  • Website: Click here

Number of Employees


Location

  • Asian Granito India Limited
  • 202, Dev Arc
  • Opposite Iskcon Temple
  • Ahmedabad
  • Gujarat
  • 380015
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532888BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2007
ASIANTILESNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2007

Biography

Asian Granito India Limited, together with its subsidiaries, manufactures and sells tiles, marbles, and quartz in India. It offers ceramic wall and floor tiles, glazed vitrified tiles, polished glazed vitr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:45
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.