Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Red Flags Found

Asian Granito India CFO resigns

Shah will replace Amarendra Kumar Gupta who has resigned from the post.

Asian Granito Ltd appoints Mehul Shah as CFO

In a mega search operation on Asian Granito India Ltd, the Income Tax Department has recovered Rs 10 crore cash and has sealed 12 bank lockers. The search is likely to continue for the next few days.

I-T recovers Rs 10 crore cash, seals 12 lockers of Asian Granito Ltd

Income Tax department is conducting raids at 35-40 premises of Asian Granito India in Gujarat, as per ANI report

Asian Granito shares plunge on reports of IT raids in Gujarat premises

The report said that tax authority was raiding over 35 premises across Gujarat including those of Asian Granito.

Asian Granito shares fall 6% as tax sleuths raid company premises

Shares down by 6 per cent on BSE today 3%

Income Tax sleuths search on Asian Granito India

Company’s exports for FY22 were reported at Rs204.9 crore.

Asian Granito logs revenue of Rs1,563.80 crore in FY22; stock skids ~3%

The Company is also setting up one of the India’s largest Display Centre at Morbi.

Asian Granito India completes land acquisition for its three new greenfield manufacturing plants in Morbi, Gujarat

Receives Bids for 8.89 crore shares against 6.99 crore shares offered in the Rights Issue; Public portion of the Rights Issue subscribed more than 1.38 times.

Asian Granito receives strong response to its rights issue, oversubscribed by 1.28 times

The public portion of the Rights Issue was subscribed more than 1.38 times receiving bids for 6.87 crore shares or Rs. 432 crores of bids received. On an overall basis, the Company received bids for over 8.89 crore shares or Rs. 561 crores of bids

Asian Granito India receives strong response to its rights issue

Receives bids for 8.89 crore shares against 6.99 crore on offer

Asian Granito’s ₹441-crore rights issue oversubscribed by 1.27 times

Asian Granito India Limited is engaged in the business of manufacturing of tiles. The Company offers tiles, including wall, vitrified and ceramics, and marble and quartz.

Asian Granito India Ltd

Asian Granito India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Asian Granito India CFO resigns

Asian Granito Ltd appoints Mehul Shah as CFO

I-T recovers Rs 10 crore cash, seals 12 lockers of Asian Granito Ltd

Asian Granito shares plunge on reports of IT raids in Gujarat premises

Asian Granito shares fall 6% as tax sleuths raid company premises

Income Tax sleuths search on Asian Granito India

Asian Granito logs revenue of Rs1,563.80 crore in FY22; stock skids ~3%

Asian Granito India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Asian Granito India CFO resigns

Asian Granito Ltd appoints Mehul Shah as CFO

I-T recovers Rs 10 crore cash, seals 12 lockers of Asian Granito Ltd

Asian Granito shares plunge on reports of IT raids in Gujarat premises

Asian Granito shares fall 6% as tax sleuths raid company premises

Income Tax sleuths search on Asian Granito India

Asian Granito logs revenue of Rs1,563.80 crore in FY22; stock skids ~3%

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock