Glittek Granites (513528)

Score breakdown: P/E: 3/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Low headline P/E of 8.10 on reported earnings
• Piotroski F-Score of 5/9 suggests some improvement in fundamentals
• Stock down 90% from 52-week high, leaving room for mean reversion if operations stabilize
• Reported profit growth of 91.4% (though from a weak base)

Concerns

• Latest quarter sales and net profit are effectively ₹0 Cr, indicating a near-total halt in operations
• Sales growth of -100% and negative ROE/ROCE (-237%/-115%) show severe value destruction
• No data on book value, debt, or promoter holding—critical information missing for any fundamental analysis
• Zero dividend yield and a stock price collapse from ₹80.20 to ₹7.91 highlight extreme distress

AI Analysis

Let me be blunt: this is not the kind of business Charlie and I would ever own. A granite company with zero sales in the latest quarter, negative returns on capital, and a stock that has fallen from ₹80 to ₹4.24 in a year is a red flag, not a bargain. The P/E of 8.10 looks cheap, but it is meaningless when the earnings power is collapsing—sales growth is -100%, and the latest net profit is effectively zero. ROE of -237% and ROCE of -115% tell me that every rupee retained in this business is being destroyed. We don't have book value or debt figures, so I cannot even assess the balance sheet—that alone disqualifies it under Graham's rules. The so-called profit growth of 91.4% is likely a statistical illusion from a low or negative base. Promise of a PEG of 0.09 is dangerous because it assumes growth that simply isn't there. In a commodity-like industry such as granite, you need scale, pricing power, and low debt to survive; Glittek has none of these. This is a classic value trap—cheap by the numbers, but deteriorating underneath. Mr. Market is offering you a falling knife, not a cigar butt. Unless you see a concrete turnaround plan, new orders, and a return to positive operating cash flow, stay far away. Investing is about avoiding losses first; this fails every test of long-term survivorship and margin of safety.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer