NSEI:ASIANTILES

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Executive Summary

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


Snowflake Analysis

Moderate growth potential 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: ASIANTILES's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

ASIANTILES

2.5%

IN Building

0.05%

IN Market


1 Year Return

29.4%

ASIANTILES

-6.1%

IN Building

0.9%

IN Market

Return vs Industry: ASIANTILES exceeded the Indian Building industry which returned -6.1% over the past year.

Return vs Market: ASIANTILES exceeded the Indian Market which returned 0.9% over the past year.


Shareholder returns

ASIANTILESIndustryMarket
7 Day-0.5%2.5%0.05%
30 Day16.8%1.4%-2.8%
90 Day38.0%25.6%9.8%
1 Year29.4%29.4%-5.4%-6.1%2.8%0.9%
3 Year-35.9%-36.4%-7.9%-14.0%4.1%-0.9%
5 Year132.5%129.8%82.5%66.3%38.9%28.6%

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

Valuation

Is Asian Granito India undervalued compared to its fair value and its price relative to the market?

37.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASIANTILES (₹296.15) is trading above our estimate of fair value (₹236.86)

Significantly Below Fair Value: ASIANTILES is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASIANTILES is poor value based on its PE Ratio (38x) compared to the IN Building industry average (14.3x).

PE vs Market: ASIANTILES is poor value based on its PE Ratio (38x) compared to the Indian market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: ASIANTILES is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: ASIANTILES is overvalued based on its PB Ratio (1.7x) compared to the IN Building industry average (0.7x).


Next Steps

Future Growth

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

56.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASIANTILES's forecast earnings growth (56% per year) is above the savings rate (7.2%).

Earnings vs Market: ASIANTILES's earnings (56% per year) are forecast to grow faster than the Indian market (26.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASIANTILES's revenue (11.2% per year) is forecast to grow slower than the Indian market (11.8% per year).

High Growth Revenue: ASIANTILES's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASIANTILES's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

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

-0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASIANTILES has high quality earnings.

Growing Profit Margin: ASIANTILES's current net profit margins (2.3%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: ASIANTILES's earnings have declined by 0.8% per year over the past 5 years.

Accelerating Growth: ASIANTILES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASIANTILES had negative earnings growth (-11.1%) over the past year, making it difficult to compare to the Building industry average (-11.8%).


Return on Equity

High ROE: ASIANTILES's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Asian Granito India's financial position?


Financial Position Analysis

Short Term Liabilities: ASIANTILES's short term assets (₹7.3B) exceed its short term liabilities (₹6.0B).

Long Term Liabilities: ASIANTILES's short term assets (₹7.3B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: ASIANTILES's debt to equity ratio (56.5%) is considered high.

Reducing Debt: ASIANTILES's debt to equity ratio has reduced from 68.9% to 56.5% over the past 5 years.

Debt Coverage: ASIANTILES's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: ASIANTILES's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Next Steps

Dividend

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

0.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASIANTILES's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: ASIANTILES's dividend (0.24%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).


Stability and Growth of Payments

Stable Dividend: ASIANTILES is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: ASIANTILES is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ASIANTILES is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASIANTILES's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

13.7yrs

Average management tenure


CEO

Kamleshkumar Patel (50 yo)

18yrs

Tenure

₹4,138,200

Compensation

Mr. Kamleshkumar 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 ...


CEO Compensation Analysis

Compensation vs Market: Kamleshkumar's total compensation ($USD56.05K) is about average for companies of similar size in the Indian market ($USD48.88K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kamleshkumar Patel
Chairman & MD18yrs₹4.14m16.66%
₹ 1.5b
Mukeshbhai Patel
MD & Executive Directorno data₹3.32m0.12%
₹ 10.8m
Ashish Mehta
Senior President of Sales & Marketingno datano datano data
Sureshbhai Patel
Executive Director9.33yrs₹2.85m5.62%
₹ 509.8m
Bhogilal Patel
Executive Director9.33yrs₹1.38m1.51%
₹ 137.2m
Kanubhai Patel
Executive Director9.33yrs₹2.12m0.51%
₹ 46.2m
Bhaveshbhai Patel
Executive Director9.33yrs₹2.04m0.27%
₹ 24.8m
Amarendra Gupta
Chief Financial Officer0.83yrno datano data
Renuka Upadhyay
Deputy GM of Legalno datano datano data
B. Singhal
Senior Vice President of Marbleno data₹4.66mno data
Praful Gatani
Director of Subsidiaryno datano datano data
Rutvij Parikh
Senior Directorno datano datano data

13.7yrs

Average Tenure

50yo

Average Age

Experienced Management: ASIANTILES's management team is seasoned and experienced (13.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kamleshkumar Patel
Chairman & MD18yrs₹4.14m16.66%
₹ 1.5b
Mukeshbhai Patel
MD & Executive Directorno data₹3.32m0.12%
₹ 10.8m
Sureshbhai Patel
Executive Director9.33yrs₹2.85m5.62%
₹ 509.8m
Bhogilal Patel
Executive Director9.33yrs₹1.38m1.51%
₹ 137.2m
Kanubhai Patel
Executive Director9.33yrs₹2.12m0.51%
₹ 46.2m
Bhaveshbhai Patel
Executive Director9.33yrs₹2.04m0.27%
₹ 24.8m
Amrutbhai Patel
Independent Non-Executive Director9.33yrs₹40.00kno data
Premjibhai Chaudhry
Independent Non-Executive Director9.33yrs₹60.00kno data
Indiraben Muthuswamy
Additional Independent Non-Executive Director6.83yrs₹40.00kno data
Hemendrakumar Shah
Non-Executive Independent Director3.5yrsno datano data
Mukeshbhai Shah
Additional & Non-Executive Independent Director1.83yrs₹100.00kno data
Dipti Mehta
Additional and Non-Executive Independent Director1.5yrs₹50.00kno data

9.3yrs

Average Tenure

54yo

Average Age

Experienced Board: ASIANTILES's board of directors are considered experienced (9.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ASIANTILES insiders have only sold shares 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: ASIANTILES
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹9.067b
  • Shares outstanding: 30.09m
  • Website: https://www.aglasiangranito.com

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, po ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/29 12:35
End of Day Share Price2020/09/29 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.