Company Overview

Lexus Granito (India) Limited is an India-based company engaged in the manufacturing, trading, and marketing of vitrified ceramic tiles and wall tiles for both domestic and international markets. Founded in 2007 and headquartered in Rajkot, India, the company operates under the LEXUS brand name and has established itself as a notable player in the ceramic tiles industry.

The company's primary manufacturing facility is located in Morbi, Gujarat, India, serving as the core of its production capabilities. It also boasts an in-house laboratory, which is crucial for developing new colors and conducting essential tests and analyses on its products. This technological capability empowers the company to innovate and maintain high-quality standards in a highly competitive market.

Financial Performance and Market Position

Lexus Granito (India) Ltd is classified as a small-cap stock in the Indian equity market. As of May 30, 2025, its market capitalization stood at ₹64.00 Crore. The 52-week trading range for the stock was between ₹29.00 (low) and ₹54.80 (high).

Latest Quarterly Results (Q3 FY25)

For the quarter ending December 2024 (Q3 FY25), the company reported revenue of ₹19.13 Crore and a net profit of ₹0.08 Crore. This marks a significant improvement from the net loss of ₹3.89 Crore recorded in the corresponding quarter of the previous year (Q3 FY24). However, sales for the quarter declined by 27.95% to ₹19.13 Crore compared to ₹26.55 Crore in Q3 FY24.

Key Financial Ratios

The company's Price-to-Earnings (P/E) ratio is -3.86, which suggests that the company has experienced losses in recent periods. The Price-to-Book (P/B) ratio is 6.87. For the last reported financial year on a consolidated basis, Lexus Granito (India) Ltd reported a Return on Equity (ROE) of -111.74%.

Revenue Performance Trends

Over the last five years, the company's revenue has declined at a compound annual growth rate (CAGR) of -3.37%, which is significantly lower than the industry average of 6.78%. The company has delivered poor sales growth of -5.59% over the past five years. Consequently, its market share has decreased from 1.86% to 1.05% during the same period.

Business Operations and Production Capacity

Lexus Granito operates a modern manufacturing facility in Morbi, Gujarat, equipped with advanced technology for producing a wide range of ceramic tiles. The in-house R&D laboratory plays a vital role in product development and quality control, ensuring that the company stays competitive with innovative designs and superior product quality.

Product Portfolio and Market Strategy

Lexus Granito offers a diverse product portfolio categorized into:

- Vitrified (Floor) Tiles: Including glossy series, rustic series, high gloss series, and wooden series.

- Wall Tiles: Featuring elevation series, glossy series, and matt series.

- Double Charge Tiles: Such as the trinity series.

The company has developed a comprehensive range to cater to varied customer preferences and market segments.

Market Presence and Export Capabilities

Lexus Granito has a strong international presence and significant export capabilities, supplying products to numerous countries including Dubai, Guatemala, Israel, Italy, Libya, Nepal, Nigeria, Portugal, Qatar, the Republic of Kosovo, Saudi Arabia, Sierra Leone, Taiwan, the United Kingdom, and the United States of America. The company was recognized as a Two Star Export House by the Directorate General of Foreign Trade on February 08, 2017, underscoring its export achievements.

Corporate Structure and Leadership

The Chairperson of Lexus Granito (India) Limited is Babulal Detroja. The individual promoters include Anil Detroja, Nilesh Detroja, and Hitesh Detroja, while Pavan Blackrock Private Limited serves as the corporate promoter. As per the last reported quarter, promoters collectively held 55.1% of the total shares, with the public holding the remaining 44.9%.

Sector Classification and Industry Position

Lexus Granito (India) Ltd operates within the Industrials sector, specifically in the Building Products - Ceramics sub-sector. The company competes in an industry that serves both residential and commercial construction segments.

While the company has demonstrated resilience in challenging market conditions, it faces headwinds from declining revenue trends and market share erosion. Despite recent improvements in profitability observed in Q3 FY25, Lexus Granito continues to focus on strengthening its market position and enhancing operational efficiency. Its recognized export capabilities and diverse product portfolio remain key strengths as the company navigates through current market challenges.