Glittek Granites

Why is Glittek Granites Ltd falling/rising?

As of 17-Jul, Glittek Granites Ltd's stock price has risen to 52.96, reflecting a year-to-date increase of 352.65% and a 1.98% gain on the day. This rise is driven by strong historical performance, increased investor interest, and favorable technical indicators.

As of 17-Jul, Glittek Granites Ltd is experiencing a rise in its stock price, currently at 52.96, with a change of 1.03 (1.98%) upward. This upward movement can be attributed to several factors. The stock has shown strong performance over various time periods, with a remarkable year-to-date increase of 352.65%, significantly outperforming the Sensex, which has declined by 8.30% in the same timeframe. Additionally, the stock has gained 36.07% over the last 16 consecutive days, indicating a sustained upward trend.<BR><BR>Investor participation has also increased, as evidenced by a delivery volume of 18.08k on 16 July, which is up by 167.76% compared to the 5-day average. This surge in trading activity suggests heightened interest and confidence among investors. Furthermore, Glittek Granites is trading above its moving averages across multiple timeframes, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bullish trend.<BR><BR>Overall, the combination of strong historical performance, increased investor participation, and favorable technical indicators contributes to the rising stock price of Glittek Granites Ltd.

Which are the latest news on Glittek Granites?

How big is Glittek Granites?

As of 10th June, Glittek Granites Ltd has a market capitalization of 114.00 Cr, with Net Sales of 0.10 Cr and a Net Profit loss of 0.74 Cr over the latest four quarters. Shareholder's Funds are valued at 11.54 Cr, and Total Assets amount to 11.69 Cr.

As of 10th June, Glittek Granites Ltd has a market capitalization of 114.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Glittek Granites reported Net Sales of 0.10 Cr. However, the company experienced a Net Profit loss of 0.74 Cr during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025. Shareholder's Funds are valued at 11.54 Cr, while Total Assets amount to 11.69 Cr.

Who are in the management team of Glittek Granites?

The management team of Glittek Granites includes Ashoke Agarwal (Chairman/Executive Director), Tushar Agarwal (Executive Director & Managing Director), A T Gowda, A Venkatesh, and Malvika Sureka (all Independent Non-Executive Directors).

The management team of Glittek Granites includes the following individuals:<BR><BR>1. **Ashoke Agarwal** - Chairman / Executive Director<BR>2. **Tushar Agarwal** - Executive Director & Managing Director<BR>3. **A T Gowda** - Independent Non-Executive Director<BR>4. **A Venkatesh** - Independent Non-Executive Director<BR>5. **Malvika Sureka** - Independent Non-Executive Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Glittek Granites?

Glittek Granites' peers include Crown Lifters, Aesthetik Engi., Urban Enviro, Mitcon Consult., Rajnandini Metal, Rajputana Bio., Drone Destinatio, Durlax Top, and Chetana Educa. Glittek Granites has the highest 1-year return at 742.41%, while most peers show no growth in the same period.

Peers: The peers of Glittek Granites are Crown Lifters, Aesthetik Engi., Urban Enviro, Mitcon Consult., Rajnandini Metal, Rajputana Bio., Drone Destinatio, Durlax Top, and Chetana Educa.<BR><BR>Quality Snapshot: Excellent management risk is observed at Urban Enviro and Rajputana Bio., while Average management risk is found at Glittek Granites, Crown Lifters, Aesthetik Engi., Rajnandini Metal, Durlax Top, and Chetana Educa., and the rest. Below Average management risk is present at Mitcon Consult. and Drone Destinatio. Growth is Excellent at Aesthetik Engi. and Durlax Top, Good at Crown Lifters, Urban Enviro, Rajputana Bio., and Chetana Educa., while Glittek Granites, Mitcon Consult., Rajnandini Metal, and Drone Destinatio show Below Average growth. Capital Structure is Good at Crown Lifters, Aesthetik Engi., Rajputana Bio., and Chetana Educa., Average at Urban Enviro and Durlax Top, and Below Average at Glittek Granites, Mitcon Consult., Rajnandini Metal, and Drone Destinatio.<BR><BR>Return Snapshot: Glittek Granites has the highest 1-year return at 742.41%, while Crown Lifters, Aesthetik Engi., Urban Enviro, Mitcon Consult., Rajnandini Metal, Rajputana Bio., Drone Destinatio, Durlax Top, and Chetana Educa all have a 1-year return of 0.00%, indicating they are significantly lower than Glittek Granites. Additionally, all peers except Glittek Granites have a six-month return of 0.00%, indicating no growth in that period.

What does Glittek Granites do?

Glittek Granites Ltd is an Indian granite manufacturing company, established in 1990, and recognized as a 100% Export Oriented Unit. As of March 2026, it has a market cap of INR 114 Cr and reported a net profit of 0 Cr.

Overview:<BR>Glittek Granites Ltd is a major granite manufacturing company in India, operating within the Miscellaneous industry and classified as a Micro Cap.<BR><BR>History:<BR>Incorporated in 1990 in Bangalore, Karnataka, Glittek Granites Limited is recognized as an Export House under the 100% Export Oriented Unit Scheme of the Government of India. The latest quarterly results reported net profit as of March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>Market-cap value: INR 114 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 30<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.85<BR>Return on Equity: -6.76%<BR>Price-to-Book: 10.57<BR><BR>Contact Details:<BR>Address: 42 K I A D B Industrial Area, Hoskote Bangalore Karnataka : 562114<BR>Tel: 91-80-27971565/66<BR>Email: info@glittek.com<BR>Website: http://www.glittek.com

When is the next results date for Glittek Granites Ltd?

The next results date for Glittek Granites Ltd is 21 May 2026.

The next results date for Glittek Granites Ltd is scheduled for 21 May 2026.

How has been the historical performance of Glittek Granites?

Glittek Granites has faced significant financial challenges, with net sales and total operating income declining from 21.16 Cr in Mar'19 to 2.04 Cr in Mar'25, while total expenditure surged, resulting in an operating loss of -21.73 Cr in Mar'25. However, the company reported a profit before tax of 7.47 Cr in Mar'25, recovering from a previous loss.

Answer:<BR>The historical performance of Glittek Granites shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Glittek Granites has experienced a notable decline in net sales, dropping from 21.16 Cr in Mar'19 to just 2.04 Cr in Mar'25. This downward trend is mirrored in total operating income, which decreased from 21.16 Cr in Mar'19 to 2.04 Cr in Mar'25. The company's total expenditure, excluding depreciation, surged to 23.77 Cr in Mar'25, up from 11.04 Cr in Mar'24, contributing to an operating profit (PBDIT) of -21.73 Cr in Mar'25, a stark contrast to the positive 1.68 Cr recorded in Mar'23. Despite these challenges, Glittek reported a profit before tax of 7.47 Cr in Mar'25, recovering from a loss of -6.14 Cr in Mar'24, leading to a profit after tax of 6.86 Cr. The company's total assets decreased from 36.51 Cr in Mar'20 to 11.69 Cr in Mar'25, while total liabilities also fell from 25.38 Cr in Mar'24 to 11.69 Cr in Mar'25. Cash flow from investing activities saw a significant inflow of 31 Cr in Mar'25, while cash flow from financing activities resulted in an outflow of -22 Cr, culminating in a net cash inflow of 9 Cr for the year.

Are Glittek Granites latest results good or bad?

Glittek Granites' latest results are concerning, with a net profit decline of 99.81% and a revenue drop of 95.19%, indicating significant operational challenges. Despite a 155.06% stock price increase over the past year, the company's deteriorating fundamentals suggest a bad financial outlook.

Glittek Granites' latest results are concerning and indicate significant operational challenges. In Q2 FY26, the company reported a net profit of just ₹0.05 crores, which is a staggering 99.81% decline compared to the previous quarter. Revenue also plummeted by 95.19% year-on-year, dropping to ₹0.05 crores, reflecting a near-complete operational shutdown.<BR><BR>The operating margin was deeply negative at -1180.0%, underscoring persistent inefficiencies and structural issues within the business. While the company has shown extraordinary stock price returns of 155.06% over the past year, this performance appears disconnected from its deteriorating fundamentals, raising questions about the sustainability of such gains.<BR><BR>Overall, the financial performance highlights a company struggling to maintain basic operational viability, making the latest results decidedly bad. Investors should approach with caution, as the outlook remains highly uncertain.

Should I buy, sell or hold Glittek Granites?

Who are the top shareholders of the Glittek Granites?

The top shareholders of Glittek Granites are Kosen Ventures Private Limited with 49.98%, followed by ICICI Bank Ltd at 7.6%. Individual investors own 24.59%, and there are no mutual funds or foreign institutional investors involved.

The top shareholders of Glittek Granites include Kosen Ventures Private Limited, which holds a significant 49.98% of the shares, making it the largest promoter. Additionally, ICICI Bank Ltd is the highest public shareholder with a stake of 7.6%. Individual investors collectively own 24.59% of the company's shares. There are currently no mutual funds or foreign institutional investors holding shares in the company.

Is Glittek Granites overvalued or undervalued?

As of February 14, 2024, Glittek Granites is considered overvalued and in financial distress, with a negative PE ratio of -0.71 and an EV to EBITDA of -1.75, contrasting sharply with its peers like L T Foods and Cera Sanitary, despite a strong annual return of 74.76%.

As of 14 February 2024, Glittek Granites has moved from an attractive to a risky valuation grade, indicating a significant deterioration in its financial standing. The company is currently overvalued, as evidenced by its negative PE ratio of -0.71, an EV to EBITDA ratio of -1.75, and a ROCE of -228.99%. These ratios highlight severe financial distress and an inability to generate positive earnings.<BR><BR>In comparison to its peers, Glittek Granites stands out unfavorably; for instance, L T Foods, rated as very attractive, has a PE ratio of 27.31 and an EV to EBITDA of 18.04, while Cera Sanitary, rated attractive, shows a PE of 34.68 and an EV to EBITDA of 26.52. The stark contrast in these metrics underscores Glittek's precarious position within the industry. Additionally, while Glittek has shown strong returns over the past year at 74.76%, this is juxtaposed against a backdrop of negative performance in the last week and month, further complicating its valuation narrative.

What is the technical trend for Glittek Granites?

As of May 23, 2025, Glittek Granites shows a mildly bullish trend supported by bullish MACD and moving averages, despite recent price weakness and lack of momentum indicated by the RSI.

As of 23 May 2025, the technical trend for Glittek Granites has changed from bullish to mildly bullish. The weekly MACD, Bollinger Bands, and KST indicators are all bullish, supporting a positive outlook in the short term. However, the RSI shows no signal on both weekly and monthly time frames, indicating a lack of momentum. The daily moving averages remain bullish, but the Dow Theory reflects a mildly bullish stance on both weekly and monthly levels. The current price of 5.47 is below the previous close of 6.05, suggesting some weakness. Overall, the trend is mildly bullish, driven primarily by the bullish signals from MACD and moving averages, despite recent price declines.

Has Glittek Granites declared dividend?

No Dividend History Available