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Asian Granito India Ltd

Thu 13/03/2025,15:59:25 | NSE : ASIANTILES

₹ 44.78-0.55 (-1.21%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 45.45

Previous Close

₹ 45.33

Volume

604559

Mkt Cap ( Rs. Cr)

₹658.47

High

₹ 46.06

Low

₹ 44.51

52 Week High

₹ 98.20

52 Week Low

₹ 42.31

Book Value Per Share

₹ 88.12

Dividend Yield

0.00

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Asian Granito India Ltd

Your Vote -

Buy

83.58%

Hold

2.99%

Sell

13.43%

83.58%

67 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Bid Price

Qty

44.78

95

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

95

Option Chain

Analyzes market sentiment, predicts Asian Granito India Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • Asian Granito India - General Updates

    11 Mar 2025, 6:03PM Asian Granito India Limited has informed the Exchange about General Updates - Incorporation of Subsidiary Company in Indonesia.
  • Asian Granito India - Incorporation Of Subsidiary Company In Indonesia

    11 Mar 2025, 5:58PM Please find intimation with respect to Incorporation of Subsidiary Company in Indonesia.
  • Asian Granito India - General Updates

    28 Feb 2025, 1:08PM Asian Granito India Limited has informed the Exchange about General Updates : Incorporation of Subsidiary Company at Dubai.
  • Asian Granito India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    10 Feb 2025, 7:20PM ASIAN GRANITO INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Asian Granito India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    10 Feb 2025, 7:13PM ASIAN GRANITO INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Asian Granito India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    10 Feb 2025, 7:07PM ASIAN GRANITO INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Asian Granito India - Change In Senior Management

    10 Feb 2025, 6:38PM Please find intimation with respect to Change in Senior Management.
  • Asian Granito India - General Updates

    10 Feb 2025, 6:26PM Asian Granito India Limited has informed the Exchange about General Updates _ Change in Senior Management
  • Asian Granito India - Press Release

    7 Feb 2025, 6:21PM Asian Granito India Limited has informed the Exchange regarding a press release dated February 07, 2025, titled ""Asian Granito India Ltd reports Cons
  • Asian Granito India - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    7 Feb 2025, 6:18PM Please find intimation with respect to Media Release.
  • Asian Granito India - General Updates

    7 Feb 2025, 6:12PM Asian Granito India Limited has informed the Exchange about General Updates - Investor Presentation
  • Asian Granito India - Announcement under Regulation 30 (LODR)-Investor Presentation

    7 Feb 2025, 6:05PM Please find Investor Presentation Q3FY2025.
  • Asian Granito India - Integrated Filing- Financial

    7 Feb 2025, 4:14PM Integrated Filing (Financial) for Q3 FY 2024-25
  • Asian Granito India - Integrated Filing (Financial)

    7 Feb 2025, 4:10PM Integrated Filing (Financial) for Q3 FY 2024-25
  • Asian Granito India Q3 net profit down 73.29% at Rs 1.72 cr

    7 Feb 2025, 3:51PM The company reported standalone net profit of Rs 1.72 crore for the quarter ended December 31, 2024 as compared to Rs 6.44 crore in the same period la
  • Asian Granito India - General Updates

    7 Feb 2025, 3:37PM Asian Granito India Limited has informed the Exchange about General Updates - Opening of Trading Window
  • Asian Granito India - Outcome of Board Meeting

    7 Feb 2025, 3:07PM Asian Granito India Limited has informed the Exchange regarding Board meeting held on February 07, 2025.
  • Asian Granito India - Board Meeting Outcome for Outcome Of Board Meeting

    7 Feb 2025, 3:04PM Please find intimation with respect to Outcome of Board Meeting.
  • Asian Granito India - Financial Results For The Quarter Ended On 31St December, 2024

    7 Feb 2025, 2:58PM Please find intimation with respect to Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended on 31st December, 2024.
  • Asian Granito India - Financial Result Updates

    7 Feb 2025, 2:53PM Asian Granito India Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Asian Granito India - Copy of Newspaper Publication

    5 Feb 2025, 3:59PM Asian Granito India Limited has informed the Exchange about Copy of Newspaper Publication for Notice of Hearing of Petition.
  • Asian Granito India - Disclosure of material issue

    4 Feb 2025, 7:17PM Asian Granito India Limited has informed regarding Disclosure of material issue
  • Asian Granito India - Intimation Under Regulation 30 Of SEBI (LODR).

    4 Feb 2025, 7:13PM Please find intimation with respect to SEBI(LODR) Regulations, 2015.
  • Asian Granito India - Board Meeting Intimation

    30 Jan 2025, 3:48PM ASIAN GRANITO INDIA LIMITED has informed the Exchange about Board Meeting to be held on 07-Feb-2025 to inter-alia consider and approve the Unaudited F
  • Asian Granito India - Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results

    30 Jan 2025, 3:39PM ASIAN GRANITO INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/02/2025 ,inter alia, to consider
  • Asian Granito India - Statement of deviation(s) or variation(s) under Reg. 32

    29 Jan 2025, 3:10PM Asian Granito India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
  • Asian Granito India - Monitoring Agency Report

    29 Jan 2025, 2:48PM Please find intimation with respect to Monitoring Agency Report.
  • Asian Granito India - Statement Of Deviation

    29 Jan 2025, 2:58PM Please find intimation with respect to Statement of Deviation.
  • Asian Granito India - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

    29 Jan 2025, 2:44PM Please find intimation with respect to Monitoring Agency Report.
  • Asian Granito India has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    7 Jan 2025, 4:50PM As of December 2024, 33.52% is owned by Indian Promoters and 66.48% by Public. <p align=justify> Top five Promoters holding highest number of shares o
  • Asian Granito India - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    6 Jan 2025, 2:36PM Asian Granito India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Asian Granito India - General Updates

    6 Jan 2025, 2:19PM Asian Granito India Limited has informed the Exchange about General Updates - Intimation of Corporate Guarantee.
  • Asian Granito India - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    6 Jan 2025, 2:33PM Please find intimation with respect to submission of Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018.
  • Asian Granito India - Intimation For Corporate Guarantee

    6 Jan 2025, 2:13PM Intimation with respect to Corporate Guarantee.
  • Asian Granito India - General Updates

    1 Jan 2025, 1:00PM Asian Granito India Limited has informed the Exchange about General Updates
  • Asian Granito India - Change In Name Of Our RTA

    1 Jan 2025, 1:03PM Please find intimation with respect to change in name f our RTA.
  • Asian Granito India - Trading Window-XBRL

    27 Dec 2024, 11:00AM ASIAN GRANITO INDIA LIMITED has informed the Exchange about Closure of Trading Window
  • Asian Granito India - Trading Window

    27 Dec 2024, 10:57AM Asian Granito India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulatio
  • Asian Granito India - Shareholders meeting

    19 Dec 2024, 9:46AM Asian Granito India Limited has submitted the Exchange a Declaration of Voting Results and Srutinizers Report of Court Convened Meetings of Equity sh
  • Asian Granito India - Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting

    19 Dec 2024, 9:40AM Please find intimation with respect to Declaration of Voting Results and Scrutiniser Report of NCLT Convened Meetings of the Company of Equity Shareho
  • Asian Granito India - General Updates

    18 Dec 2024, 12:54PM Asian Granito India Limited has informed the Exchange about general updates on Court Convened meeting of Unsecured Creditors of the Company.
  • Asian Granito India - Proceedings Of NCLT Convened Meeting

    18 Dec 2024, 12:47PM Please find intimation with respect to NCLT Convened Meeting of Unsecured Creditors of the Company with resect to Scheme.
  • Asian Granito India - Shareholders meeting

    17 Dec 2024, 12:01PM Asian Granito India Limited has informed the Exchange about Shareholders meeting
  • Asian Granito India - Proceedings Of NCLT Convened Meeting

    17 Dec 2024, 11:55AM Please find intimation with respect to NCLT Convened Meeting of Equity Shareholders and Secured Creditors of the Company.
  • Asian Granito commences sanitaryware manufacturing

    26 Dec 2023 , 2:37PM Asian Granito takes strong stride into Sanitaryware manufacturing with AGL Sanitaryware Pvt Ltd
  • Asian Granito commences sanitaryware manufacturing

    26 Dec 2023 , 2:37PM Asian Granito takes strong stride into Sanitaryware manufacturing with AGL Sanitaryware Pvt Ltd
  • Asian Granito India

    7 Jul 2022 , 12:04PM Asian Granito India: The Company will be launching a new product in Large Slab Tiles, Mosiac Tiles and Sanitaryware. The launch is expected to happen on 15th and 16th of July, 2022.
  • Asian Granito

    7 Apr 2022 , 2:51PM Asian Granito India: The company's Rights issue worth Rs 441 crore will open for eligible shareholders on April 25. The company has fixed April 12 as the record date for the purpose of determining the equity shareholders eligible to receive the rights entitlement in the rights issue. The Rights Entitlement Ratio is 37:30. The company will offer 7 crore equity shares through this Rights issue.
  • Asian Granito Rs. 441 crore rights issue to open on April 25

    7 Apr 2022 , 10:15AM The Rights Entitlement Ratio for the proposed Rights Issue is 37:30
  • Asian Granito

    6 Sep 2021 , 10:51AM The company’s board approved Rights Issue of Rs. 225 Cr priced at Rs. 100/share (almost 40% discount to LTP) in the ratio of 19:29. The record date is September 9, 2021. The right issue opens September 23, 2021 to October 7, 2021.
  • Asian Granito board nod issuance of equity shares

    24 Aug 2021 , 11:08AM Board approves issue of equity shares through rights issue
  • Asian Granito

    26 Oct 2020 , 11:52AM The company’s board approved sub-division of shares from Rs. 10 to Rs. 2. It also approved raising of funds upto Rs. 400 crores through either equity issue (either direct placement, such as QIP/ADR, or via convertible instruments, such as warrants) and/ or Debt instruments etc. Positive for the stock.
  • Asian Granito board approves stock split

    23 Oct 2020 , 3:24PM Asian Granito board approves a 5-for-1 stock split
  • Asian Granito enters into Sanitaryware segment

    22 Apr 2019 , 11:00AM Asian Granito India Ltd forays into Sanitaryware; Launch nationally with 160 SKU
  • Asian Granito India to raise fund via preferential issue

    13 Mar 2019 , 1:29PM Asian Granito India to raise Rs 90 crore through preferential warrants issue
  • Shares of Asian Granito drops by 13%

    31 Dec 2018 , 2:24PM Asian Granito declines by 13% to Rs. 162.25, in intra-day trade
  • Asian Granito gains as board approves issuance of convertible warrants

    4 Dec 2018 , 2:24PM Asian Granito gains as board approves issuance of convertible warrants
  • Asian Granito board to consider fund raising

    30 Nov 2018 , 11:45AM Asian Granito’s Board of Directors meeting is scheduled on December 04, to consider and approve the raising of funds by way of issue of Equity shares on Preferential basis for the Company
  • Asian Granito in process to enter into joint venture with a local Partner

    15 Mar 2018 , 10:16AM Positive for Asian Granito as the Company is in process to enter into Joint Venture with a local Partner.

Key fundamentals

Evaluate the intrinsic value of Asian Granito India Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 1329.3349 1289.4054 842.2828 620.3253 589.3531
Liabilities 1329.3349 1289.4054 842.2828 620.3253 589.3531
Equity 126.7453 126.7453 56.7516 34.0544 30.0874
Gross Profit 29.6112 -38.5194 87.5001 97.6242 68.3356
Net Profit 29.59 -26.3682 87.9276 49.2226 29.5617
Cash From Operating Activities -28.0242 -54.4146 -25.6158 56.3972 -22.5999
NPM(%) 2.26 -1.94 6.51 4.75 2.91
Revenue 1305.141 1353.7361 1349.1033 1036.1763 1013.2265
Expenses 1275.5298 1392.2555 1261.6032 938.5521 944.8909
ROE(%) 2.28 -2.03 6.78 3.79 2.28

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
09 Jun 2022 0.7 7 0 53.3
11 Oct 2021 0.5 5 0 195.95
09 Nov 2020 0.7 7 0 210.2
20 Sep 2019 0.6 6 0 249.2
10 Sep 2018 1.3 13 0 452
06 Sep 2017 0.8 8 0 380.45
06 Oct 2016 0.5 5 0 284.05
13 Sep 2012 1 10 0 46
22 Sep 2011 1 10 0 40.65
16 Sep 2010 1 10 0 61.15
18 Sep 2008 1 10 0 54.95

Peers

Other companies within the same industry or sector that are comparable to Asian Granito India Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Prajay Engineers Syndicate Ltd 20.77 1.47 0.00 313.73 -55.70 0.00
Hubtown Ltd 176.48 0.18 0.00 358.59 -63.55 0.00
Shriram Properties Ltd 67.64 -0.07 23.24 764.10 44.30 0.00
IRB Infrastructure Developers Ltd 42.80 -1.99 4.00 27090.95 100.32 0.70

Company Info

We were incorporated on August 8, 1995, as Karnavati Fincap Private Limited, for carrying on the business of a non-banking financial company, by Mr. Satish Panchariya and Mr. Arun Panchariya. On August 29, 1995, we became a public limited company and were renamed Karnavati Fincap Limited. Thereafter, our line of business changed from finance to trading in cloth and on March 18, 1999, we were accordingly renamed Panchariya Textile Industries Limited. Subsequently, on July 28, 2000, we wererenamed Vasudev Textile Industries Limited. Pursuant to an acquisition by Mr. Kamleshbhai Patel, Mr. Hasmukhbhai Patel and Mr. Mukeshbhai Patel, the promoters of Asian Tiles Limited, we received a fresh certificate of incorporation on November 25, 2002, resulting in a change of our name to Asian Granito India Limited. Our Company was incorporated with its registered office at 14, Amar Chambers, 1st floor, Reid Road, Railwaypura, Ahmedabad - 380 002. It was further changed to 704 A/B, Sahajanand, Shahibaug Road, Shahibaug, Ahmedabad - 380 004 and back to 14, Amar Chambers, 1st floor, Reid Road, Railwaypura, Ahmedabad - 380 002. On change of name to Asian Granito India Limited, the registered office was shifted to 3rd floor, Empire Tower, B/H. Associate Petrol Pump, Panchwati, Ellise Bridge, Ahmedabad - 380 006 and then to 2nd Floor, Beside Rajpath Club, Sarkhej - Gandhinagar Highway Road, Ahmedabad - 380 054. In September 2002, the promoters of Asian Tiles Limited, a ceramic floor tiles manufacturing unit in Idar, Gujarat, set up in 2000, took over the management of our Company from our erstwhile promoters Mr. Ratnaram Rabari, Mr. Vijay Mehta and Mr. Harish Jarmanwala by taking over our entire shareholding, for setting up a new industrial undertaking for manufacturing vitrified tiles at Dalpur village, Sabarkantha district, Gujarat. In the Financial Year 2002-03, our Promoters decided to set up a plant at Sabarkantha district. The said district was notified as a backward district of Class 'B' under the Income Tax Act at the time and thus the plant was entitled to a deduction of 100% of profits and gains under section 80-IB of the Income Tax Act for the first three years and 30% of profit for the next five years. As the Promoters already had considerable experience in the manufacture of ceramic floor tiles under the brand 'ASIAN TILES', our name was changed to Asian Granito India Limited. We set up our first facility for manufacturing vitrified tiles with a production capacity of 4000 square meters per day (33,580 metric tonnes per annum) and started commercial production from October 2003. As we reached optimum capacity utilization within a period of nine to ten months, we expanded the production facility by installing a second manufacturing line. Towards the end of January 2005, we commenced commercial production from the second line. After installation of this second line the capacity of our plant increased to 9000 square meters per day (75,500 metric tonnes per annum). We were amongst the first manufacturers in India to produce slab vitrified tiles of 905mm x 905mm. By October 2005, we again reached optimum capacity utilization and planned to install a third manufacturing line. We commenced commercial production from the third line in July 2006. Thus, after this expansion, the installed capacity of the plant has become 14,000 square meters per day (117,500 metric tonnes per annum). In March 2006, we acquired approximately 100% equity shares of our Subsidiary, Asian Tiles Limited, to make it a wholly owned subsidiary. Major Events The chronology of key events of our Company since incorporation is set out below: Calendar year Events 1995 Incorporation and commencement of business 1999 Change in the management of our Company and thereby change in the nature of our business from finance and investment activities to trading in textiles 2000 Change in the management of our Company 2002 Take over of the management by our Promoters and consequent change in our business to manufacture of vitrified tiles 2003 Setting up of the vitrified tiles plant at Himmatnagar 2004 Receipt of ISO 9001:2000 certificate 2005 Increase in capacity of our plant by 5000 square meter per day taking the capacity to 9000 square meter per day 2006 * Receipt of registration of trademark "asiyana Tiles" * Increase in capacity by 5000 square meter per day taking the capacity to 14000 square meters per day * We acquired approximately 100% shares of Asian Tiles Limited making it our wholly owned subsidiary 2008 -Asian Granito India Ltd has appointed Mr. Ajendrakumar Patel as Additional Director in its meeting held on July 29, 2008. -Registered Office of the Company has been shifted From 2nd Floor City Mall, Besides Rajpath Club, S G Highway, Ahmedabad - 380054 To 202, Dev Arch, Opposite Iskon Tample, S G Highway, Ahmedabad - 380059 2010 - Mr. Jigar Harshadkumar Shah has been appointed as a Company Secretary and Compliance Officer of the Company. 2011 - Mr. Bhavesh Ghaghda has been appointed as Company Secretary and Compliance Officer of the Company. 2012 - The Company has entered into a joint venture agreement with Panariagroup Industrie Ceramiche S.P.A, a Company incorporated under the laws of Italy for marketing and sale of tiles. - The Board of Directors and members of the Company has allotted 11,00,000 number of Equity Shares & 20,42,500 Convertible Warrants on Preferential Basis at Rs. 10/- each at a premium of Rs. 40/- each. - The Company has formed a Joint Venture Company named Asian Build Mart Tanzania Ltd. with a local partner M/s. Wintech Elevators Tanzania Ltd. a Company incorporated under laws of Tanzania for expansion of business. 2013 - Asian Granito India Ltd has appointed Dr. Indira Nityanandam as Additional Director of the Company. 2014 - The Company has acquired 100% Shares of M/S. AGL Industries Limited 2015 -The company has approved the Scheme of Amalgamation of Artistique Ceramics Private Ltd. with Asian Granito India Ltd. -The Company is pleased to announce to launch its new product SLIMGRES the thinnest tile ever made in India 2016 -Asian Granito India Ltd has "New product Launch: 1000x1000mm Jumbo Double Charge Vitrified Tiles and 800x800mm Imperio Double Charge Vitrified Tiles". -"Asian Granito wins 12 Lakhs sq.meters order for its recently launched: 1000x1000mm Jumbo Double Charge Vitrified Tiles and 800x800mm Imperio Double Charge Vitrified Tiles". -Asian Granito adds 2 new products to its portfolio -Asian Granito gains on huge order for jumbo vitrified tile -Asian Granito gets HC nod for amalgamation of Artistique Ceramics -Asian Granito India - New products Launch in BONZER 2017 -Asian Granito enters into JV with Paramshree Granito Pvt Ltd for setting up a green field facility for Quartz stone at Prantij in Himmatnagar, Gujarat. 2018 -Company has successfully launched AGL Tiles products for all Verticals. 2019 - Asian Granito bags orders worth Rs. 175 crore. -Asian Granito opens its Largest tiles and Sanitaryware display showroom in Himmatnagar. 2021 -The company issued rights shares of Rs. 10 in the ratio of 19:29 at a premium of Rs. 90 per share. 2022 -The company issued rights shares of Rs. 10 in the ratio of 37:30 at a premium of Rs. 53 per share. -Asian Granito India Ltd completes land acquisition for its Three New Greenfield Manufacturing Plants in Morbi, Gujarat.

We were incorporated on August 8, 1995, as Karnavati Fincap Private Limited, for carrying on the business of a non-banking financial company, by Mr. Satish Panchariya and Mr. Arun Panchariya. On August 29, 1995, we became a public limited company and were renamed Karnavati Fincap Limited. Thereafter, our line of business changed from finance to trading in cloth and on March 18, 1999, we were accordingly renamed Panchariya Textile Industries Limited. Subsequently, on July 28, 2000, we wererenamed Vasudev Textile Industries Limited. Pursuant to an acquisition by Mr. Kamleshbhai Patel, Mr. Hasmukhbhai Patel and Mr. Mukeshbhai Patel, the promoters of Asian Tiles Limited, we received a fresh certificate of incorporation on November 25, 2002, resulting in a change of our name to Asian Granito India Limited. Our Company was incorporated with its registered office at 14, Amar Chambers, 1st floor, Reid Road, Railwaypura, Ahmedabad - 380 002. It was further changed to 704 A/B, Sahajanand, Shahibaug Road, Shahibaug, Ahmedabad - 380 004 and back to 14, Amar Chambers, 1st floor, Reid Road, Railwaypura, Ahmedabad - 380 002. On change of name to Asian Granito India Limited, the registered office was shifted to 3rd floor, Empire Tower, B/H. Associate Petrol Pump, Panchwati, Ellise Bridge, Ahmedabad - 380 006 and then to 2nd Floor, Beside Rajpath Club, Sarkhej - Gandhinagar Highway Road, Ahmedabad - 380 054. In September 2002, the promoters of Asian Tiles Limited, a ceramic floor tiles manufacturing unit in Idar, Gujarat, set up in 2000, took over the management of our Company from our erstwhile promoters Mr. Ratnaram Rabari, Mr. Vijay Mehta and Mr. Harish Jarmanwala by taking over our entire shareholding, for setting up a new industrial undertaking for manufacturing vitrified tiles at Dalpur village, Sabarkantha district, Gujarat. In the Financial Year 2002-03, our Promoters decided to set up a plant at Sabarkantha district. The said district was notified as a backward district of Class 'B' under the Income Tax Act at the time and thus the plant was entitled to a deduction of 100% of profits and gains under section 80-IB of the Income Tax Act for the first three years and 30% of profit for the next five years. As the Promoters already had considerable experience in the manufacture of ceramic floor tiles under the brand 'ASIAN TILES', our name was changed to Asian Granito India Limited. We set up our first facility for manufacturing vitrified tiles with a production capacity of 4000 square meters per day (33,580 metric tonnes per annum) and started commercial production from October 2003. As we reached optimum capacity utilization within a period of nine to ten months, we expanded the production facility by installing a second manufacturing line. Towards the end of January 2005, we commenced commercial production from the second line. After installation of this second line the capacity of our plant increased to 9000 square meters per day (75,500 metric tonnes per annum). We were amongst the first manufacturers in India to produce slab vitrified tiles of 905mm x 905mm. By October 2005, we again reached optimum capacity utilization and planned to install a third manufacturing line. We commenced commercial production from the third line in July 2006. Thus, after this expansion, the installed capacity of the plant has become 14,000 square meters per day (117,500 metric tonnes per annum). In March 2006, we acquired approximately 100% equity shares of our Subsidiary, Asian Tiles Limited, to make it a wholly owned subsidiary. Major Events The chronology of key events of our Company since incorporation is set out below: Calendar year Events 1995 Incorporation and commencement of business 1999 Change in the management of our Company and thereby change in the nature of our business from finance and investment activities to trading in textiles 2000 Change in the management of our Company 2002 Take over of the management by our Promoters and consequent change in our business to manufacture of vitrified tiles 2003 Setting up of the vitrified tiles plant at Himmatnagar 2004 Receipt of ISO 9001:2000 certificate 2005 Increase in capacity of our plant by 5000 square meter per day taking the capacity to 9000 square meter per day 2006 * Receipt of registration of trademark "asiyana Tiles" * Increase in capacity by 5000 square meter per day taking the capacity to 14000 square meters per day * We acquired approximately 100% shares of Asian Tiles Limited making it our wholly owned subsidiary 2008 -Asian Granito India Ltd has appointed Mr. Ajendrakumar Patel as Additional Director in its meeting held on July 29, 2008. -Registered Office of the Company has been shifted From 2nd Floor City Mall, Besides Rajpath Club, S G Highway, Ahmedabad - 380054 To 202, Dev Arch, Opposite Iskon Tample, S G Highway, Ahmedabad - 380059 2010 - Mr. Jigar Harshadkumar Shah has been appointed as a Company Secretary and Compliance Officer of the Company. 2011 - Mr. Bhavesh Ghaghda has been appointed as Company Secretary and Compliance Officer of the Company. 2012 - The Company has entered into a joint venture agreement with Panariagroup Industrie Ceramiche S.P.A, a Company incorporated under the laws of Italy for marketing and sale of tiles. - The Board of Directors and members of the Company has allotted 11,00,000 number of Equity Shares & 20,42,500 Convertible Warrants on Preferential Basis at Rs. 10/- each at a premium of Rs. 40/- each. - The Company has formed a Joint Venture Company named Asian Build Mart Tanzania Ltd. with a local partner M/s. Wintech Elevators Tanzania Ltd. a Company incorporated under laws of Tanzania for expansion of business. 2013 - Asian Granito India Ltd has appointed Dr. Indira Nityanandam as Additional Director of the Company. 2014 - The Company has acquired 100% Shares of M/S. AGL Industries Limited 2015 -The company has approved the Scheme of Amalgamation of Artistique Ceramics Private Ltd. with Asian Granito India Ltd. -The Company is pleased to announce to launch its new product SLIMGRES the thinnest tile ever made in India 2016 -Asian Granito India Ltd has "New product Launch: 1000x1000mm Jumbo Double Charge Vitrified Tiles and 800x800mm Imperio Double Charge Vitrified Tiles". -"Asian Granito wins 12 Lakhs sq.meters order for its recently launched: 1000x1000mm Jumbo Double Charge Vitrified Tiles and 800x800mm Imperio Double Charge Vitrified Tiles". -Asian Granito adds 2 new products to its portfolio -Asian Granito gains on huge order for jumbo vitrified tile -Asian Granito gets HC nod for amalgamation of Artistique Ceramics -Asian Granito India - New products Launch in BONZER 2017 -Asian Granito enters into JV with Paramshree Granito Pvt Ltd for setting up a green field facility for Quartz stone at Prantij in Himmatnagar, Gujarat. 2018 -Company has successfully launched AGL Tiles products for all Verticals. 2019 - Asian Granito bags orders worth Rs. 175 crore. -Asian Granito opens its Largest tiles and Sanitaryware display showroom in Himmatnagar. 2021 -The company issued rights shares of Rs. 10 in the ratio of 19:29 at a premium of Rs. 90 per share. 2022 -The company issued rights shares of Rs. 10 in the ratio of 37:30 at a premium of Rs. 53 per share. -Asian Granito India Ltd completes land acquisition for its Three New Greenfield Manufacturing Plants in Morbi, Gujarat.

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Parent Organisation

Asian Granito India Ltd.

Founded

08/08/1995

Managing Director

Mr.Mukeshbhai J Patel

NSE Symbol

ASIANTILESEQ

FAQ

The current price of Asian Granito India Ltd is ₹ 44.78.

The 52-week high for Asian Granito India Ltd is ₹ 46.06 and the 52-week low is ₹ 44.51.

The market capitalization of Asian Granito India Ltd is currently ₹ 658.47. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Asian Granito India Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Asian Granito India Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Asian Granito India Ltd shares.

The CEO of Asian Granito India Ltd is Mr.Mukeshbhai J Patel, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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