Asian Granito India Ltd
Thu 13/03/2025,15:59:25 | NSE : ASIANTILES
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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
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Buy Order Quantity
0%
Sell Order Quantity
100%
Bid Price
Qty
0.00
0
0.00
0
0.00
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0.00
0
0.00
0
Bid Total
0
Bid Price
Qty
44.78
95
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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.
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Asian Granito India - General Updates
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Asian Granito India - Incorporation Of Subsidiary Company In Indonesia
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Asian Granito India - General Updates
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Asian Granito India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Asian Granito India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Asian Granito India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Asian Granito India - Change In Senior Management
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Asian Granito India - General Updates
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Asian Granito India - Press Release
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Asian Granito India - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Asian Granito India - General Updates
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Asian Granito India - Announcement under Regulation 30 (LODR)-Investor Presentation
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Asian Granito India - Integrated Filing- Financial
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Asian Granito India - Integrated Filing (Financial)
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Asian Granito India Q3 net profit down 73.29% at Rs 1.72 cr
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Asian Granito India - General Updates
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Asian Granito India - Outcome of Board Meeting
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Asian Granito India - Board Meeting Outcome for Outcome Of Board Meeting
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Asian Granito India - Financial Results For The Quarter Ended On 31St December, 2024
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Asian Granito India - Financial Result Updates
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Asian Granito India - Copy of Newspaper Publication
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Asian Granito India - Disclosure of material issue
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Asian Granito India - Intimation Under Regulation 30 Of SEBI (LODR).
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Asian Granito India - Board Meeting Intimation
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Asian Granito India - Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results
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Asian Granito India - Statement of deviation(s) or variation(s) under Reg. 32
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Asian Granito India - Monitoring Agency Report
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Asian Granito India - Statement Of Deviation
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Asian Granito India - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Asian Granito India has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024
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Asian Granito India - Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Asian Granito India - General Updates
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Asian Granito India - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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Asian Granito India - Intimation For Corporate Guarantee
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Asian Granito India - General Updates
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Asian Granito India - Change In Name Of Our RTA
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Asian Granito India - Trading Window-XBRL
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Asian Granito India - Trading Window
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Asian Granito India - Shareholders meeting
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Asian Granito India - Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting
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Asian Granito India - General Updates
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Asian Granito India - Proceedings Of NCLT Convened Meeting
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Asian Granito India - Shareholders meeting
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Asian Granito India - Proceedings Of NCLT Convened Meeting
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Asian Granito commences sanitaryware manufacturing
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Asian Granito commences sanitaryware manufacturing
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Asian Granito India
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Asian Granito
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Asian Granito Rs. 441 crore rights issue to open on April 25
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Asian Granito
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Asian Granito board nod issuance of equity shares
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Asian Granito
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Asian Granito board approves stock split
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Asian Granito enters into Sanitaryware segment
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Asian Granito India to raise fund via preferential issue
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Shares of Asian Granito drops by 13%
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Asian Granito gains as board approves issuance of convertible warrants
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Asian Granito board to consider fund raising
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Asian Granito 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 |
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.