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Asian Granito India

ASIANTILES
Micro Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Asian Granito India Share price and Fundamental Analysis

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Asian Granito India Ltd (Formerly known Karnavati Fincap Private Limited) was incorporated on August 8, 1995 for carrying on the business of a non-banking financial company. Subsequently, the Company was converted into a Public Limited Company on August 29, 1995 and the name of Company was changed as Karnavati Fincap Limited. Thereafter, the Company line of business changed from finance to trading in cloth and accordingly renamed as Panchariya Textile Industries Limited on March 18, 1999. Subsequently, on July 28, 2000, the Company name was again renamed as Vasudev Textile Industries Limited.
Company Incorporation1995
ChairmanKamleshbhai Patel
Head QuartersAhmedabad
Previous NameNA

Key Metrics

Market Cap (Cr)
964.62
PE Ratio
35.08
Industry P/E
40.58
PEG Ratio
-0.12
ROE
2.01%
ROCE
2.09%
ROA
0.98%
Total Debt (Cr)
135.77
Debt to Equity
0.2
Dividend Yield
0%
EPS
1.87
Book Value & P/B
93.51 x 0.7
Face Value
10
Outstanding Shares(Cr)
14.7
Current Ratio
2.56
EV to Sales
0.75

Stock Returns

1 Week+3.19%
1 Month+38.09%
6 Months+1.38%
1 Year-11.34%
3 Years+61.59%
5 Years-48.33%

CAGR

1 Year CAGR

Revenue Growth

-2.06%

Net Profit Growth

-77.09%

Operating Profit Growth

-223.49%

Dividend Growth

N/A

Stock Returns CAGR

-11.34%
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Mar 25

Promoters : 33.52%

FIIs : 1.93%

DIIs : 0.22%

Public : 64.33%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
FII Shareholding Increased by 0.34% to 1.93% in March 2025 Qtr

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Dividend History

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Asian Granito India Management and History

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Company History

Asian Granito India Ltd (Formerly known Karnavati Fincap Private Limited) was incorporated on August 8, 1995 for carrying on the business of a non-banking financial company. Subsequently, the Company was converted into a Public Limited Company on August 29, 1995 and the name of Company was changed as Karnavati Fincap Limited. Thereafter, the Company line of business changed from finance to trading in cloth and accordingly renamed as Panchariya Textile Industries Limited on March 18, 1999. Subsequently, on July 28, 2000, the Company name was again renamed as Vasudev Textile Industries Limited.

In September 2002, the promoters of Asian Tiles Limited acquired entire shareholding of the Company. Thereafter, the company line of business changed from trading in cloth to Ceramic tiles and accordingly renamed as Asian Granito India Ltd. The company has setting up a new industrial undertaking for manufacturing vitrified tiles at Dalpur village, Sabarkantha district, Gujarat. The Promoters have considerable experience in the manufacture of ceramic floor tiles and under the brand ASIAN TILES'.

The Company has emerged as one of the leading ceramic companies in India. 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. The Company presently manufactures tiles under four verticals: Ceramic, Polished Vitrified (PVT); Glazed Vitrified (GVT), and Double Charge (DC).

The company has set up first facility for manufacturing vitrified tiles with a production capacity of 4000 square meters per day (33,580 metric tonnes per annum) and started commercial production from October 2003. As the company has reached optimum capacity utilization within a period of nine to ten months, company expanded the production facility by installing a second manufacturing line and commenced commercial production from the second line in January 2005. After installation of this second line the capacity of the plant increased to 9000 square meters per day (75,500 metric tonnes per annum). The company was the first manufacturers in India to produce slab vitrified tiles of 905mm x 905mm.

By October 2005, the company has again reached optimum capacity utilization and planned to install a third manufacturing line and commenced commercial production from the third line in July 2006. Thus, after this expansion, the installed capacity of the plant has become 14,000 square meters per day (117,500 metric tonnes per annum).

In March 2006, the company has acquired approximately 100% equity shares of Subsidiary, Asian Tiles Limited, to make it a wholly owned subsidiary.

During 2007-08, the Company commenced commercial production of new Wall Tile Plant from January 2008 and also modernized and expanded the existing Vitrified Plant.

The High Court of Gujarat sanctioned the Scheme of Amalgamation of the subsidiary company i.e. Asian Tiles Limited with the Holding Company i.e. Asian Granito India Limited vide its order dated September 17, 2009, which became effective from April 01, 2008. Resulting to the said Scheme of Amalgamation, the assets and liabilities of the erstwhile ATL whose principal business was manufacture of Ceramic Tiles, were transferred to and vested in the Company with effect from the appointed date, viz. 1st April, 2008

During 2008-09, the Company installed New Marble manufacturing Plant with an installed capacity of 2500 sq mtr per day and commenced commercial production from March 2009. It started the New Agro Tech Division during 2010. The Company made expansion in the existing Marble Plant and started manufacturing of Packing Boxes as backward integration project to reduce the packing cost and enhancing quality of packing boxes during 2010-11.

The Company acquired 100% shares of AGL Industries Limited, and accordingly M/s. AGL Industries Limited became the Wholly Owned Subsidiary of Asian Granito India Limited during year 2013-14.

M/s Artistique Ceramics Private Limited was amalgamated with the Company in 2015-16, through Scheme of Arrangement which became effective from 1st July, 2015. During the Financial year 2015-16, through the said Scheme, the Company acquired 99.99% holding in Kediya Ceramic, 70% holding in Crystal Ceramic Industries Private Limited through Kediya Ceramic and 94.20% holding of Amazon Ceramics Limited and as a result became subsidiaries of Company.

During the year 2016-17, Powergrace Industries Limited became subsidiary of AGL Industries Limited which stand as wholly owned subsidiary of Company.

During the year 2017-18, Company incorporated a Subsidiary Company, namely Camrola Quartz Limited. It also incorporated Trodo Ceramics Private Limited as a wholly owned subsidiary Company, which got converted from Partnership firm to Private Limited Company.

The Company opened Ahmedabad's biggest Luxury Tile Arcade spread across 18,000 sq. ft. which displays the sheer range of tiles, marbles and quartz products during 2018-19.

During the year 2018-19, Trodo Ceramics Private Limited (holding Company of Crystal Ceramic Industries Private Limited and the wholly owned subsidiary Company of Asian Granito India Limited) was merged with Crystal Ceramic Industries Private Limited.

During the year 2019-20, Company made disinvestments with JV Company AGL Panaria Private Limited on 21st May, 2019 and thereafter, in Subsidiary Company Camrola Quartz Limited on 18th March, 2020. It had incorporated one more Wholly-owned Subsidiary Company named AGL Global Trade Private Limited on 17th March, 2020.

Asian Granito India Share Price

Asian Granito India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Asian Granito India Market Cap

Market capitalization of Asian Granito India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Asian Granito India is valued compared to its competitors.

Asian Granito India PE Ratio

Asian Granito India PE ratio helps investors understand what is the market value of each stock compared to Asian Granito India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Asian Granito India PEG Ratio

The PEG ratio of Asian Granito India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Asian Granito India ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Asian Granito India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Asian Granito India ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Asian Granito India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Asian Granito India Total Debt

Total debt of Asian Granito India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Asian Granito India Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Asian Granito India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Asian Granito India CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Asian Granito India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Asian Granito India Technical Analysis

Technical analysis of Asian Granito India helps investors get an insight into when they can enter or exit the stock. Key components of Asian Granito India Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Asian Granito India shares often struggle to rise above due to selling pressure.

Asian Granito India Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Asian Granito India ’s financial health and profitability.

Asian Granito India Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Asian Granito India Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Asian Granito India Financials

The financials of Asian Granito India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Asian Granito India Profit and Loss Statements

The profit and loss statement of Asian Granito India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Asian Granito India .

Asian Granito India Balance Sheet

The balance sheet presents a snapshot of Asian Granito India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Asian Granito India Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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