Glittek Granites

Why is Glittek Granites Ltd falling/rising?

As of 01-Sep, Glittek Granites Ltd's stock price is rising to Rs 68.73, up 5.0% and significantly outperforming the Sensex. Despite a decline in investor participation, the stock shows strong bullish indicators with consistent gains over the past week.

As of 01-Sep, Glittek Granites Ltd's stock price is rising, currently at Rs 68.73, reflecting an increase of Rs 3.27 or 5.0%. This upward movement is supported by a strong performance over the past week, where the stock has gained 16.95%, significantly outperforming the Sensex, which declined by 0.92% during the same period. Additionally, the stock has shown consistent gains over the last five days, contributing to its current rise.<BR><BR>Today, the stock opened with a 5% gain and reached an intraday high of Rs 68.73, indicating strong buying interest. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically suggests a bullish trend. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 44.83% compared to the 5-day average, which could indicate a potential concern for future trading activity. Despite this, the overall performance metrics indicate a robust upward trajectory for Glittek Granites Ltd's stock price.

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). They are responsible for the company's strategic direction and governance.

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>This team oversees the strategic direction and governance of the company. If you need more details about their roles or responsibilities, feel free to ask!

What does Glittek Granites do?

Glittek Granites Ltd is an Indian granite manufacturing company, incorporated in 1990, and classified as a micro-cap entity with a market cap of INR 170 Cr. It operates as a 100% Export Oriented Unit, reporting a net profit of 0 Cr for June 2026.

Overview: <BR>Glittek Granites Ltd is a major granite manufacturing company in India, operating in the miscellaneous industry and classified as a micro-cap entity.<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 are for June 2026, showing a net profit of 0 Cr.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 170 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 29 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.85 <BR>Return on Equity: -5.94% <BR>Price to Book: 14.80<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

Who are the peers of the Glittek Granites?

Glittek Granites' peers include Rajputana Bio, De Neers Tools, Phantom Digital, and others, with varying management risks and growth rates. Glittek Granites has the highest 1-year return at 648.11%, but a negative six-month return of -13.03%, while its peers show 0.00% returns.

Peers: The peers of Glittek Granites are Rajputana Bio., De Neers Tools, Phantom Digital, Infollion Resea., Spacenet Enterpr, Pramara Promotio, DU Digital, Lloyds Luxuries, Durlax Top.<BR><BR>Quality Snapshot: Excellent management risk is observed at Rajputana Bio., De Neers Tools, Phantom Digital, Infollion Resea., while Average management risk is found at Glittek Granites, Pramara Promotio, and Durlax Top. Below Average management risk is noted for Spacenet Enterpr, DU Digital, and Lloyds Luxuries. Growth is Excellent at Phantom Digital and Durlax Top, Good at Rajputana Bio., De Neers Tools, Infollion Resea., Pramara Promotio, and DU Digital, while Glittek Granites and the rest have Below Average growth. Capital Structure is Excellent at Infollion Resea. and Spacenet Enterpr, Average at De Neers Tools and Durlax Top, and Below Average at Glittek Granites, Pramara Promotio, Lloyds Luxuries, and the rest.<BR><BR>Return Snapshot: Glittek Granites has the highest 1-year return at 648.11%, while all peers, including Rajputana Bio., De Neers Tools, Phantom Digital, Infollion Resea., Spacenet Enterpr, Pramara Promotio, DU Digital, Lloyds Luxuries, and Durlax Top, have a 1-year return of 0.00%. Additionally, Glittek Granites has a negative six-month return of -13.03%, while the rest of the peers also show a six-month return of 0.00%.

How big is Glittek Granites?

As of 31st August, Glittek Granites Ltd has a market capitalization of 170.00 Cr, classifying it as a Micro Cap company, with reported Net Sales of 0.05 Cr and a Net Profit loss of 0.65 Cr over the latest four quarters. Shareholder's Funds are at 10.94 Cr, while Total Assets are 9.48 Cr.

As of 31st August, Glittek Granites Ltd has a market capitalization of 170.00 Cr, which classifies it as a Micro Cap company.<BR><BR>In the latest four quarters, Glittek Granites reported Net Sales of 0.05 Cr. However, the company experienced a Net Profit loss of 0.65 Cr during the same period.<BR><BR>The latest annual period for the balance sheet is March 2026. Shareholder's Funds are reported at 10.94 Cr, while Total Assets stand at 9.48 Cr.

Which are the latest news on Glittek Granites?

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