Lexus Granito (India) Ltd

LEXUS

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Market Cap

₹ 54 Cr

P/E

33.72

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Lexus Granito (India) Limited manufactures and markets vitrified and wall tiles in domestic and international markets. Their integrated manufacturing unit is located in Morbi, Gujarat.

The company underwent multiple transformations, originally formed in 2008 as 'M/S Vitco Vitrified', becoming public as 'Lexus Granito (India) Limited' in April 2017.

Lexus Granito specializes in advanced tile manufacturing techniques, producing low-porosity vitrified tiles that are resistant to water and frost.

The company was recognized as a Two Star Export House in 2017, highlighting its significant export capabilities.

The company conducted an IPO in August 2017, issuing 57,60,000 equity shares for raising public funds.

Sector

Ceramic Products

Industry

Ceramics - Tiles

Market Cap

54 Cr

Volatility

Low Risk

P/E Ratio

33.7

Industry P/E

42.1

PEG Ratio

0.5

P/B Ratio

3.3

52W High

50.40

52W Low

25.10

Sales CAGR

-36.21%

-18.45%

-5.65%

10Y

-3.27%

Profit CAGR

69.66%

—

10Y

—

ROE

TTM

9.87%

-98.24%

-83.67%

10Y

-15.56%

ROCE

TTM

5.40%

-9.18%

-13.83%

10Y

1.49%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ASIANTILES	62.50	1,420 Cr	44.69	0.98	0.00	2.21	3.56	1.34
ORIENTBELL	263.00	392 Cr	60.08	1.23	0.19	2.05	3.30	1.26
EXXARO	8.00	365 Cr	54.33	1.31	0.00	2.42	5.49	1.40
MURUDCERA	34.25	208 Cr	20.72	0.56	1.45	2.68	4.90	1.78
REGENCERAM	45.41	124 Cr	86.85	0.00	0.00	-2.17	-27.17	1.31
RESTILE	6.80	64 Cr	—	0.00	0.00	0.27	-1.29	-1.21
LEXUS	26.24	54 Cr	33.72	3.33	0.00	9.87	5.40	1.33

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	32	32	27	28	18	17	19	21	18	22
Expenses	31	29	27	29	19	17	16	17	15	19
Operating Profit	0.09	2.76	-0.10	-1.42	-0.77	0.81	2.92	3.64	3.13	2.62
OPM %	0.29	8.67	-0.38	-5.11	-4.33	4.66	15.26	17.36	17.35	11.86
Other Income	0.10	0.38	0.23	-0.30	0.02	0.16	0.09	0.02	0.01	0.20
Interest	0.97	1.46	1.12	1.41	1.13	0.95	1.00	1.19	0.87	0.87
Depreciation	2.55	2.60	2.55	5.00	1.99	2.02	2.02	2.08	1.68	1.65
Profit Before Tax	-3.32	-0.92	-3.54	-8.14	-3.87	-1.99	0.00	0.39	0.59	0.29
Tax %	-4.52	-16.30	-9.89	-0.25	2.84	5.53	—	-35.90	-5.08	-24.14
Net Profit	-3.47	-1.07	-3.89	-8.15	-3.76	-1.87	0.08	0.52	0.62	0.37
EPS in Rs	-1.70	-0.52	-1.92	-4.05	-0.19	-0.92	0.04	0.26	0.31	0.12

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	171	183	135	101	102	139	101	118	75	76
Expenses	146	151	119	86	136	124	96	116	69	65
Operating Profit	26	32	16	14	-34	14	5.12	1.56	6.61	11
OPM %	14.97	17.74	11.83	14.25	-33.35	10.27	5.07	1.33	8.78	13.91
Other Income	3.94	2.99	5.86	3.06	0.09	11	1.09	0.18	0.29	0.28
Interest	5.15	8.97	8.23	7.62	6.16	5.95	4.33	4.96	4.26	4.01
Depreciation	9.72	14	13	11	9.25	8.42	13	13	8.11	7.80
Profit Before Tax	8.03	11	0.52	-1.11	-49	11	-12	-16	-5.47	-1.01
Tax %	18.17	35.82	36.41	-68.18	1.12	-7.83	-2.23	-4.12	8.03	35.64
Net Profit	6.57	7.00	0.33	-1.87	-49	12	-12	-17	-5.03	-0.65
EPS in Rs	—	—	—	—	—	—	-5.34	-8.19	-0.81	0.72
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.98	13	19	19	19	19	19	19	20	20
Reserves	13	24	49	49	48	-1.08	13	1.16	-11	-16
Borrowings	50	72	53	54	47	67	59	69	58	65
Other Liabilities	23	58	86	65	71	59	61	66	53	53
Total Liabilities	97	168	208	187	185	144	152	156	121	122
Fixed Assets	53	45	71	60	50	45	33	57	44	37
CWIP	0.00	32	0.00	0.00	0.00	0.00	24	0.28	0.25	0.03
Investments	0.01	2.36	2.36	2.36	2.36	2.36	0.01	0.01	0.01	0.01
Other Assets	44	88	134	125	132	96	95	98	77	85
Total Assets	97	168	208	187	185	144	152	156	121	122

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	12	10	10	8.65	11	3.56	36	5.78	11	-3.13
Cash from Investing Activity	-31	-36	-6.17	-2.08	3.84	-3.05	-14	-14	0.76	-1.24
Cash from Financing Activity	19	26	-3.79	-7.41	-15	1.33	-21	7.84	-12	4.41
Net Cash Flow	-0.58	-0.03	0.29	-0.85	0.00	1.84	0.02	0.05	-0.17	0.04

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Nov 2025
Promoters	52.79%	52.79%	52.79%	55.13%	55.13%	55.13%	55.13%	55.13%	55.13%	55.13%	55.13%	54.33%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	47.21%	47.21%	47.21%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	45.67%
Total Shareholders	762	1,137	1,588	2,764	3,154	4,286	4,559	4,573	4,634	4,594	4,548	5,283

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 29, 2024	Vardhilal shivrambhai thakkar	Bulk	Buy	42.63	0.85 Cr	2,00,000	0.99
Oct 04, 2024	Solanki dharmendrsinh	Bulk	Buy	53.55	1.64 Cr	3,07,140	1.52
Oct 04, 2024	Solanki dharmendrsinh	Bulk	Sell	52.84	1.63 Cr	3,08,999	1.53
Jun 25, 2024	Jain pooja	Bulk	Buy	48.10	1.04 Cr	2,16,000	1.06
Jun 25, 2024	Indra kiran ventures	Bulk	Buy	47.97	0.68 Cr	1,41,887	0.70
Jun 25, 2024	Indra kiran ventures	Bulk	Sell	48.18	0.56 Cr	1,16,887	0.57
Jun 25, 2024	Jain pooja	Bulk	Sell	47.98	0.99 Cr	2,06,000	1.02
Apr 26, 2024	Sandip sukhabhai khant	Bulk	Buy	55.87	0.72 Cr	1,29,308	0.64
Apr 26, 2024	Sandip sukhabhai khant	Bulk	Sell	55.44	0.84 Cr	1,51,106	0.74
Apr 25, 2024	Krunalkumar kanuji thakor	Bulk	Buy	48.14	0.65 Cr	1,35,600	0.67

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Bullish

Overall

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Moving Averages

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	32	32	27	28	18	17	19	21	18	22
Expenses	31	29	27	29	19	17	16	17	15	19
Operating Profit	0.09	2.76	-0.10	-1.42	-0.77	0.81	2.92	3.64	3.13	2.62
OPM %	0.29	8.67	-0.38	-5.11	-4.33	4.66	15.26	17.36	17.35	11.86
Other Income	0.10	0.38	0.23	-0.30	0.02	0.16	0.09	0.02	0.01	0.20
Interest	0.97	1.46	1.12	1.41	1.13	0.95	1.00	1.19	0.87	0.87
Depreciation	2.55	2.60	2.55	5.00	1.99	2.02	2.02	2.08	1.68	1.65
Profit Before Tax	-3.32	-0.92	-3.54	-8.14	-3.87	-1.99	0.00	0.39	0.59	0.29
Tax %	-4.52	-16.30	-9.89	-0.25	2.84	5.53	—	-35.90	-5.08	-24.14
Net Profit	-3.47	-1.07	-3.89	-8.15	-3.76	-1.87	0.08	0.52	0.62	0.37
EPS in Rs	-1.70	-0.52	-1.92	-4.05	-0.19	-0.92	0.04	0.26	0.31	0.12

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	171	183	135	101	102	139	101	118	75	76
Expenses	146	151	119	86	136	124	96	116	69	65
Operating Profit	26	32	16	14	-34	14	5.12	1.56	6.61	11
OPM %	14.97	17.74	11.83	14.25	-33.35	10.27	5.07	1.33	8.78	13.91
Other Income	3.94	2.99	5.86	3.06	0.09	11	1.09	0.18	0.29	0.28
Interest	5.15	8.97	8.23	7.62	6.16	5.95	4.33	4.96	4.26	4.01
Depreciation	9.72	14	13	11	9.25	8.42	13	13	8.11	7.80
Profit Before Tax	8.03	11	0.52	-1.11	-49	11	-12	-16	-5.47	-1.01
Tax %	18.17	35.82	36.41	-68.18	1.12	-7.83	-2.23	-4.12	8.03	35.64
Net Profit	6.57	7.00	0.33	-1.87	-49	12	-12	-17	-5.03	-0.65
EPS in Rs	—	—	—	—	—	—	-5.34	-8.19	-0.81	0.72
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.98	13	19	19	19	19	19	19	20	20
Reserves	13	24	49	49	48	-1.08	13	1.16	-11	-16
Borrowings	50	72	53	54	47	67	59	69	58	65
Other Liabilities	23	58	86	65	71	59	61	66	53	53
Total Liabilities	97	168	208	187	185	144	152	156	121	122
Fixed Assets	53	45	71	60	50	45	33	57	44	37
CWIP	0.00	32	0.00	0.00	0.00	0.00	24	0.28	0.25	0.03
Investments	0.01	2.36	2.36	2.36	2.36	2.36	0.01	0.01	0.01	0.01
Other Assets	44	88	134	125	132	96	95	98	77	85
Total Assets	97	168	208	187	185	144	152	156	121	122

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	12	10	10	8.65	11	3.56	36	5.78	11	-3.13
Cash from Investing Activity	-31	-36	-6.17	-2.08	3.84	-3.05	-14	-14	0.76	-1.24
Cash from Financing Activity	19	26	-3.79	-7.41	-15	1.33	-21	7.84	-12	4.41
Net Cash Flow	-0.58	-0.03	0.29	-0.85	0.00	1.84	0.02	0.05	-0.17	0.04

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ASIANTILES	62.50	1,420 Cr	44.69	0.98	0.00	2.21	3.56	1.34
ORIENTBELL	263.00	392 Cr	60.08	1.23	0.19	2.05	3.30	1.26
EXXARO	8.00	365 Cr	54.33	1.31	0.00	2.42	5.49	1.40
MURUDCERA	34.25	208 Cr	20.72	0.56	1.45	2.68	4.90	1.78
REGENCERAM	45.41	124 Cr	86.85	0.00	0.00	-2.17	-27.17	1.31
RESTILE	6.80	64 Cr	—	0.00	0.00	0.27	-1.29	-1.21
LEXUS	26.24	54 Cr	33.72	3.33	0.00	9.87	5.40	1.33

Overview

Detailed Summary

Lexus Granito (India) Limited manufactures and markets vitrified and wall tiles in domestic and international markets. Their integrated manufacturing unit is located in Morbi, Gujarat.

The company underwent multiple transformations, originally formed in 2008 as 'M/S Vitco Vitrified', becoming public as 'Lexus Granito (India) Limited' in April 2017.

Lexus Granito specializes in advanced tile manufacturing techniques, producing low-porosity vitrified tiles that are resistant to water and frost.

The company was recognized as a Two Star Export House in 2017, highlighting its significant export capabilities.

The company conducted an IPO in August 2017, issuing 57,60,000 equity shares for raising public funds.

Sector

Ceramic Products

Industry

Ceramics - Tiles

Market Cap

54 Cr

Volatility

Low Risk

P/E Ratio

33.7

Industry P/E

42.1

PEG Ratio

0.5

P/B Ratio

3.3

52W High

50.40

52W Low

25.10

Sales CAGR

-36.21%

-18.45%

-5.65%

10Y

-3.27%

Profit CAGR

69.66%

—

10Y

—

ROE

TTM

9.87%

-98.24%

-83.67%

10Y

-15.56%

ROCE

TTM

5.40%

-9.18%

-13.83%

10Y

1.49%