Glittek Granites

Has Glittek Granites declared dividend?

No Dividend History Available

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.

Who are the peers of the Glittek Granites?

Glittek Granites' peers include Lerthai Finance, Laffans Petroch, Shiva Granito, Citichem India, and others. Glittek has the highest 1-year return at 153.99%, while it and several peers show below-average management risk and growth.

Peers: The peers of Glittek Granites are Lerthai Finance, Laffans Petroch, Shiva Granito, Citichem India, Winny Immigratio, Madhya Prad. Tod, A G Universal, Agarwal Float, Marinetrans Indi, and Shrenik.<BR><BR>Quality Snapshot: Good management risk is observed at Citichem India, while Average management risk is found at Winny Immigratio and Agarwal Float, and the rest. Below Average management risk is noted for Glittek Granites, Laffans Petroch, Shiva Granito, Madhya Prad. Tod, A G Universal, and the rest. Excellent growth is seen at Citichem India, while Good growth is noted for Agarwal Float, and the rest. Below Average growth is observed at Glittek Granites, Laffans Petroch, Shiva Granito, Winny Immigratio, Madhya Prad. Tod, A G Universal, and the rest. Average capital structure is found at Citichem India, Winny Immigratio, and Marinetrans Indi, while Good capital structure is noted for Madhya Prad. Tod, and the rest. Below Average capital structure is observed at Glittek Granites, Laffans Petroch, Shiva Granito, A G Universal, Agarwal Float, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Glittek Granites at 153.99%, while the lowest is Laffans Petroch at -20.89%. Glittek Granites' 1-year return significantly exceeds that of all its peers. Additionally, the six-month return is negative for Laffans Petroch, Citichem India, and Madhya Prad. Tod.

Who are in the management team of Glittek Granites?

As of March 2023, the management team of Glittek Granites includes Ashoke Agarwal (Chairman/Executive Director), Tushar Agarwal (Managing Director), and three Independent Non-Executive Directors: A T Gowda, A Venkatesh, and Malvika Sureka. They oversee the company's operations and strategic direction.

As of March 2023, the management team of Glittek Granites includes:<BR><BR>1. Ashoke Agarwal - Chairman / Executive Director<BR>2. A T Gowda - Independent Non-Executive Director<BR>3. A Venkatesh - Independent Non-Executive Director<BR>4. Malvika Sureka - Independent Non-Executive Director<BR>5. Tushar Agarwal - Executive Director & Managing Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Glittek Granites do?

Glittek Granites Ltd is an Indian granite manufacturing company, established in 1990, recognized as an Export House. As of December 2024, it reported net sales of 5 Cr and a net loss of 35 Cr, with a market cap of INR 28 Cr.

Overview:<BR>Glittek Granites Ltd is a major granite manufacturing company in India, operating in the Miscellaneous industry within the Micro Cap market-cap bracket.<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 sales and net profit for December 2024.<BR><BR>Financial Snapshot:<BR>- Net Sales: 5 Cr (Quarterly Results - Dec 2024)<BR>- Net Profit: -35 Cr (Quarterly Results - Dec 2024)<BR>- Market-cap: INR 28 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 35<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -1.73<BR>- Return on Equity: 206.82%<BR>- Price to Book: -2.50<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 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.

How big is Glittek Granites?

As of 24th July, Glittek Granites Ltd has a market capitalization of 36.00 Cr and reported Net Sales of 3.32 Cr, with a Net Profit loss of 22.24 Cr over the latest four quarters. Shareholder's Funds are 4.96 Cr, and Total Assets are valued at 25.38 Cr as of March 2024.

As of 24th July, Glittek Granites Ltd has a market capitalization of 36.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Glittek Granites reported Net Sales of 3.32 Cr. However, the company experienced a loss of 22.24 Cr in Net Profit during the same period.<BR><BR>The latest reporting period for the balance sheet is March 2024. Shareholder's Funds stood at 4.96 Cr, while Total Assets were valued at 25.38 Cr.

Should I buy, sell or hold Glittek Granites?

When is the next results date for Glittek Granites?

The next results date for Glittek Granites is 10 November 2025.

The next results date for Glittek Granites is scheduled for 10 November 2025.

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.

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.

Why is Glittek Granites Ltd falling/rising?

As of 04-Mar, Glittek Granites Ltd's stock price is at Rs 71.51, down 5.0% and part of a broader decline of 9.74% over two days. Despite strong long-term returns, recent performance has been negative, with the stock underperforming its sector and remaining below short-term moving averages.

As of 04-Mar, Glittek Granites Ltd's stock price is falling, currently at Rs 71.51, which reflects a decrease of Rs 3.76 or 5.0%. This decline is part of a broader trend, as the stock has been losing value for the last two days, resulting in a total drop of 9.74% during this period. Today, the stock opened with a loss of 5% and reached an intraday low of Rs 71.51, indicating a lack of upward momentum.<BR><BR>In terms of performance relative to the market, Glittek Granites Ltd has underperformed its sector by 4.11% today. Although the stock has shown impressive returns over longer periods, such as a 511.20% increase year-to-date and a staggering 1880.89% rise over the past year, the recent short-term performance has been negative. Over the past week, the stock has decreased by 1.73%, while the Sensex has fallen by 3.84%.<BR><BR>Despite these negative movements, there has been a notable increase in investor participation, with delivery volume rising by 164.56% compared to the 5-day average. However, this increase in trading activity has not translated into price stability or growth, as the stock remains below its moving averages for the shorter term, specifically the 5-day moving average. Overall, the combination of recent price declines, underperformance against the sector, and the current trading dynamics contribute to the stock's falling price.

Which are the latest news on Glittek Granites?