BSE:513528

Stock Analysis Report

Executive Summary

Glittek Granites Limited manufactures and sells granite tiles and slabs in India.

Snowflake

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Glittek Granites's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 513528's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.8%

513528

-1.9%

IN Basic Materials

-1.1%

IN Market


1 Year Return

-28.6%

513528

7.5%

IN Basic Materials

5.5%

IN Market

Return vs Industry: 513528 underperformed the Indian Basic Materials industry which returned 7.5% over the past year.

Return vs Market: 513528 underperformed the Indian Market which returned 5.5% over the past year.


Shareholder returns

513528IndustryMarket
7 Day7.8%-1.9%-1.1%
30 Day4.2%5.4%5.8%
90 Day-19.9%-0.02%9.0%
1 Year-28.6%-28.6%8.2%7.5%7.6%5.5%
3 Year-57.6%-57.6%8.0%6.2%32.3%25.6%
5 Year-54.5%-54.5%41.0%36.6%39.1%26.3%

Price Volatility Vs. Market

How volatile is Glittek Granites's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

Best Cheap Stock in July

1 year ago | Simply Wall St

Best Cheap Stock in July

1 year ago | Simply Wall St

Best Cheap Stock in July

Valuation

Is Glittek Granites undervalued compared to its fair value and its price relative to the market?

34.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 513528 (₹1.25) is trading below our estimate of fair value (₹1.9)

Significantly Below Fair Value: 513528 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 513528 is unprofitable, so we can't compare its PE Ratio to the Basic Materials industry average.

PE vs Market: 513528 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 513528's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 513528 is good value based on its PB Ratio (0.2x) compared to the IN Basic Materials industry average (0.9x).


Next Steps

Future Growth

How is Glittek Granites forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

43.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 513528 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 513528 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 513528 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 513528's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 513528's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 513528's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Glittek Granites performed over the past 5 years?

-39.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 513528 has high quality earnings.

Growing Profit Margin: 513528's current net profit margins (-2.3%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: 513528 is unprofitable, and losses have increased over the past 5 years at a rate of -39% per year.

Accelerating Growth: Unable to compare 513528's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 513528 is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (12.6%).


Return on Equity

High ROE: 513528 has a negative Return on Equity (-2.69%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Glittek Granites's financial position?


Financial Position Analysis

Short Term Liabilities: 513528's short term assets (₹303.4M) exceeds its short term liabilities (₹195.8M)

Long Term Liabilities: 513528 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: 513528's debt to equity ratio (95.4%) is considered high

Reducing Debt: 513528's debt to equity ratio has increased from 90.3% to 95.4% over the past 5 years.

Debt Coverage: 513528's debt is not well covered by operating cash flow (4.6%).

Interest Coverage: 513528 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: 513528 has a high level of physical assets or inventory.

Debt Coverage by Assets: 513528's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is Glittek Granites's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.4%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 513528's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 513528's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 513528's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 513528's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 513528's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Glittek Granites's salary, the management and board of directors tenure and is there insider trading?

23.4yrs

Average board tenure


CEO

Kamal Agarwal (59yo)

0yrs

Tenure

₹5,415,854

Compensation

Mr. Kamal Kumar Agarwal serves as the Chief Executive Officer and Managing Director of Glittek Granites Ltd. and has been its Director since October 29, 1990. 


CEO Compensation Analysis

Compensation vs Market: Kamal's total compensation ($USD75.89K) is above average for companies of similar size in the Indian market ($USD33.63K).

Compensation vs Earnings: Kamal's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

23.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 513528's board of directors are seasoned and experienced ( 23.4 years average tenure).


Insider Trading

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


Ownership Breakdown

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


Management Team

  • Ashoke Agarwal (55yo)

    Joint MD & Director

    • Tenure: 29.1yrs
    • Compensation: ₹5.35m
  • Kamal Agarwal (59yo)

    CEO, MD & Director

    • Tenure: 0yrs
    • Compensation: ₹5.42m
  • Ashok Modi

    Chief Financial Officer

    • Tenure: 0yrs
  • Lata Bagri

    Chief Compliance Officer & Company Secretary

    • Tenure: 0yrs

Board Members

  • A. Gowda (83yo)

    Independent Non-Executive Director

    • Tenure: 17.7yrs
    • Compensation: ₹1.50k
  • Ashoke Agarwal (55yo)

    Joint MD & Director

    • Tenure: 29.1yrs
    • Compensation: ₹5.35m
  • Kamal Agarwal (59yo)

    CEO, MD & Director

    • Tenure: 0yrs
    • Compensation: ₹5.42m
  • A. Venkatesh (59yo)

    Independent Non-Executive Director

    • Tenure: 16.7yrs
    • Compensation: ₹1.50k
  • Bimal Agarwal (62yo)

    Chairman

    • Tenure: 29.1yrs
  • Mira Agarwal (64yo)

    Independent Non-Executive Director

    • Tenure: 4.7yrs

Company Information

Glittek Granites Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Glittek Granites Limited
  • Ticker: 513528
  • Exchange: BSE
  • Founded: 1990
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: ₹31.411m
  • Shares outstanding: 25.96m
  • Website: https://www.glittek.com

Number of Employees


Location

  • Glittek Granites Limited
  • Krishna - 711
  • 224, A.J.C. Bose Road
  • Kolkata
  • West Bengal
  • 700017
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
513528BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2002

Biography

Glittek Granites Limited manufactures and sells granite tiles and slabs in India. The company also deals in other natural stones, such as sandstone, marble, and quartz. Its clients include importers, whole ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 12:37
End of Day Share Price2019/11/11 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.