BSE:532888

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Executive Summary

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


Snowflake Analysis

Solid track record with mediocre balance sheet.

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

Stable Share Price: 532888's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.6%

532888

0.8%

IN Building

1.8%

IN Market


1 Year Return

-51.9%

532888

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 532888 underperformed the Indian Building industry which returned -39.6% over the past year.

Return vs Market: 532888 underperformed the Indian Market which returned -23.7% over the past year.


Shareholder returns

532888IndustryMarket
7 Day6.6%0.8%1.8%
30 Day-22.5%-8.6%-0.5%
90 Day-53.3%-35.8%-22.2%
1 Year-51.7%-51.9%-37.1%-39.6%-22.2%-23.7%
3 Year-66.6%-66.9%-28.1%-32.5%-12.1%-16.8%
5 Year5.9%4.6%25.1%12.4%4.5%-5.7%

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 compared to its fair value and its price relative to the market?

11.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 532888 (₹120) is trading below our estimate of fair value (₹135.5)

Significantly Below Fair Value: 532888 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 532888 is poor value based on its PE Ratio (8.8x) compared to the Building industry average (8.1x).

PE vs Market: 532888 is good value based on its PE Ratio (8.8x) compared to the Indian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: 532888's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 532888 is overvalued based on its PB Ratio (0.7x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

How is Asian Granito India forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-18.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532888's earnings are forecast to decline over the next 3 years (-18.1% per year).

Earnings vs Market: 532888's earnings are forecast to decline over the next 3 years (-18.1% per year).

High Growth Earnings: 532888's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 532888's revenue is expected to decline over the next 3 years (-3.6% per year).

High Growth Revenue: 532888's revenue is forecast to decline over the next 3 years (-3.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532888's Return on Equity is forecast to be low in 3 years time (2.8%).


Next Steps

Past Performance

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

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532888 has high quality earnings.

Growing Profit Margin: 532888's current net profit margins (3.1%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: 532888's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: 532888's earnings growth over the past year (28.2%) exceeds its 5-year average (6.7% per year).

Earnings vs Industry: 532888 earnings growth over the past year (28.2%) exceeded the Building industry 1.2%.


Return on Equity

High ROE: 532888's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Asian Granito India's financial position?


Financial Position Analysis

Short Term Liabilities: 532888's short term assets (₹8.0B) exceed its short term liabilities (₹6.5B).

Long Term Liabilities: 532888's short term assets (₹8.0B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: 532888's debt to equity ratio (62.1%) is considered high.

Reducing Debt: 532888's debt to equity ratio has reduced from 65.7% to 62.1% over the past 5 years.

Debt Coverage: 532888's debt is not well covered by operating cash flow (18.4%).

Interest Coverage: 532888's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

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

0.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532888's dividend (0.5%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.86%).

High Dividend: 532888's dividend (0.5%) is low compared to the top 25% of dividend payers in the Indian market (3.7%).


Stability and Growth of Payments

Stable Dividend: 532888's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532888's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (4.4%), 532888's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.0yrs

Average management tenure


CEO

Kamleshbhai Patel (49yo)

17.67yrs

Tenure

₹4,138,200

Compensation

Mr. Kamleshbhai Bhagubhai Patel has been the Chairman and Managing Director of Asian Granito India Limited since September 30, 2002. Mr. Patel served as Director of Finance at Asian Granito India Limited a ...


CEO Compensation Analysis

Compensation vs Market: Kamleshbhai's total compensation ($USD54.56K) is about average for companies of similar size in the Indian market ($USD50.17K).

Compensation vs Earnings: Kamleshbhai's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kamleshbhai Patel
Chairman & MD17.67yrs₹4.14m16.66% 607.6m
Mukeshbhai Patel
MD & Executive Directorno data₹3.32m7.97% 290.6m
Ashish Mehta
Senior President of Sales & Marketingno datano datano data
Sureshbhai Patel
Executive Director9yrs₹2.85m5.62% 205.0m
Bhogilal Patel
Executive Director9yrs₹1.38m1.51% 55.2m
Kanubhai Patel
Executive Director9yrs₹2.12m0.51% 18.6m
Bhaveshbhai Patel
Executive Director9yrs₹2.04m0.61% 22.1m
Amarendra Gupta
Chief Financial Officer0.50yrno datano data
Renuka Upadhyay
Deputy GM of Legal5.42yrsno datano data
B. Singhal
Senior Vice President of Marbleno data₹4.66mno data

9.0yrs

Average Tenure

49yo

Average Age

Experienced Management: 532888's management team is seasoned and experienced (9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kamleshbhai Patel
Chairman & MD17.67yrs₹4.14m16.66% 607.6m
Mukeshbhai Patel
MD & Executive Directorno data₹3.32m7.97% 290.6m
Sureshbhai Patel
Executive Director9yrs₹2.85m5.62% 205.0m
Bhogilal Patel
Executive Director9yrs₹1.38m1.51% 55.2m
Kanubhai Patel
Executive Director9yrs₹2.12m0.51% 18.6m
Bhaveshbhai Patel
Executive Director9yrs₹2.04m0.61% 22.1m
Amrutbhai Patel
Independent Non-Executive Director9yrs₹40.00kno data
Indiraben Muthuswamy
Additional Independent Non-Executive Director6.5yrs₹40.00kno data
Hemendrakumar Shah
Non-Executive Independent Director3.17yrs₹160.00kno data
Mukeshbhai Shah
Additional & Non-Executive Independent Director1.5yrs₹100.00kno data

9.0yrs

Average Tenure

51yo

Average Age

Experienced Board: 532888's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹3.647b
  • Shares outstanding: 30.09m
  • Website: https://www.aglasiangranito.com

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 products in India. The company offers ceramic wall and floor tiles, glazed vitrified tiles, polished glazed vitrified tiles, and composite marble and quartz stone products. It also provides bath ware products, such as water closet, basin, EWC and Orissa pan, and cistern. The company distributes its products through a network of dealers and sub-dealers, 13 display centers, and approximately 289 exclusive showrooms. It also exports its products to approximately 58 countries. The company was incorporated in 1995 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 13:01
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
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.