Asian Granito India Ltd
NSE:ASIANTILES
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
A
|
Asian Granito India Ltd
NSE:ASIANTILES
|
IN |
Asian Granito India Ltd
Asian Granito India Ltd. engages in manufacture of tiles and marbles. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2007-08-23. The firm's product portfolio includes ceramic wall and floor tile, glazed vitrified tiles, polished vitrified tiles, composite marble and quartz, Grestek Marblex, outdoor tiles, marble & quartz, bath ware, faucet, high definition (HD) polish porcelain, and antibacterial tiles. Its product portfolio consists of 1,400 designs which are categorized into various series and available in multiple sizes. The company is engaged in manufacturing / sub-contract manufacturing its products as per the needs of its clients and dealers. The company has ultra-modern plants spread over an area of approximately 3,20,000 square meters. The firm has nine manufacturing units spread across Gujarat and 313 showrooms, including 13 display centers across India. The firm also exports tiles to approximately 50 countries, including Germany, the United Kingdom, Ukraine, Nepal, China, South Korea, Brazil, Argentina, and others.
Asian Granito India Ltd. engages in manufacture of tiles and marbles. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2007-08-23. The firm's product portfolio includes ceramic wall and floor tile, glazed vitrified tiles, polished vitrified tiles, composite marble and quartz, Grestek Marblex, outdoor tiles, marble & quartz, bath ware, faucet, high definition (HD) polish porcelain, and antibacterial tiles. Its product portfolio consists of 1,400 designs which are categorized into various series and available in multiple sizes. The company is engaged in manufacturing / sub-contract manufacturing its products as per the needs of its clients and dealers. The company has ultra-modern plants spread over an area of approximately 3,20,000 square meters. The firm has nine manufacturing units spread across Gujarat and 313 showrooms, including 13 display centers across India. The firm also exports tiles to approximately 50 countries, including Germany, the United Kingdom, Ukraine, Nepal, China, South Korea, Brazil, Argentina, and others.
Strong Revenue Growth: Asian Granito reported consolidated Q3 revenue of INR 384 crores, up 29.1% year-on-year, with sales strength across all business segments.
Profitability Jump: Net profit for Q3 reached INR 25 crores, with net profit margin improving by 280 basis points to 6.5% of revenue.
Capacity Utilization: Company operated at around 95% capacity utilization, one of the highest in the industry.
Export Momentum: Exports contributed 14% of total sales in Q3, with export revenues expected to exceed INR 200 crores in FY21 as India benefits from global anti-China sentiment.
Cost & Debt Reduction: Both manpower and finance costs were reduced; consolidated debt declined by INR 8 crores and stand-alone debt by INR 22 crores in the quarter.
Margin Sustainability: Management expects to maintain current margin levels despite recent gas price increases, as costs are being passed on to customers.
Outlook: Management anticipates Q4 to be even stronger, supported by domestic demand recovery and robust export orders, but did not provide specific revenue or margin guidance.
