Asian Granito India Limited (AGL) is a prominent Indian company that manufactures and sells a wide range of tiles, marbles, sanitaryware, faucets, and quartz products. Established in the year 2000 and incorporated in 1995, AGL has rapidly grown to become one of India's leading Luxury Surfaces and Bathware Solutions brands. The company is headquartered in Ahmedabad, India.
AGL has garnered a strong reputation for reliability, adaptability, innovation, and quality consciousness, creating a robust brand identity that is recognized globally. It stands as the 4th largest listed ceramic tile company in India, supported by a field force of more than 400 professionals.
The Company operates primarily through two reportable segments: Tiles & Marbles and Marble & Quartz. The majority of its revenue is generated through sales in the Indian domestic market.
AGL offers a diverse and extensive product portfolio spanning multiple categories within the ceramic and construction materials industry. This includes:
* Ceramic and Vitrified Tiles: A comprehensive range featuring floor tiles, wall tiles, parking tiles, glazed vitrified tiles (GVT), polished vitrified tiles (PVT), double charge tiles, tuff guard floor, digital wall tiles, large format slabs (e.g., 1200x1800 mm, 1200x2400 mm), and specialty/niche tiles (full body, solar reflective, step & riser, hardstone, Grestek, Slimgres).
* Engineered Marble and Quartz: Countertops, quartz and marble surfaces.
* Bathware and Faucets: A complete range including showers, water closets, basins, urinals, cisterns, seat covers, and various bathroom accessories.
* Construction Chemicals.
The company's product portfolio boasts 1,400 designs, categorized into various series and available in multiple sizes, catering to diverse customer preferences and project requirements.
Asian Granito India Limited operates through a mix of in-house manufacturing and sub-contract manufacturing to meet client and dealer demands. The company has significantly expanded its manufacturing footprint over the years, now operating:
* 14 state-of-the-art manufacturing units spread across Gujarat, with ultra-modern plants covering approximately 320,000 square meters.
This robust manufacturing capability underpins AGL's ability to produce a wide array of high-quality products efficiently.
AGL has established an extensive marketing and distribution network both domestically and internationally.
* Domestic Network: The company boasts over 277 exclusive franchisee showrooms, 13 company-owned display centers across India, and more than 18,000 touchpoints including distributors, dealers, and sub-dealers.
* International Presence: Asian Granito India Limited actively exports its products to more than 100 countries globally.
The company is continually expanding its retail footprint, evidenced by the launch of a 3,000 sq. ft. showroom in Hyderabad and the grand "AGL Universe" showroom in Panchkula, Haryana, both in 2024.
Asian Granito India Limited has shown a significant financial turnaround, moving from a net loss to profitability.
* Revenue: ₹1,558.52 crore (1.8% growth YoY)
* Net Profit: ₹20.24 crore (vs. net loss of ₹20.15 crore in FY24)
* EBITDA: ₹75.72 crore (EBITDA Margin 4.90%)
* Exports: ₹291 crore (19% rise YoY)
* Net Sales: ₹471.62 crore (11.3% growth YoY)
* Net Profit: ₹16.36 crore (vs. net loss of ₹5.54 crore in Q4 FY24)
* EBITDA: ₹29 crore (up 47% YoY)
As of April 30, 2025, Asian Granito India Ltd has a market capitalization of ₹662 Crore, classifying it as a Small Cap company.
* 52-Week Share Price Range: High of ₹98.19, Low of ₹39.58.
* P/B Ratio: 0.48 times (as of April 30, 2025), representing a 55% discount to its peers' median range of 1.06 times.
* P/E Ratio: 105.72 times (as of April 30, 2025), a 98% premium to its peers' median range of 53.26 times.
* Chairman: Kamlesh Patel
* Managing Director: Mukesh Patel
* Promoter Holding: Increased to 33.52% as of March 2025 from 29.80% in October 2024.
* Promoter Pledging: No promoter pledging reported.
Asian Granito India Limited is actively pursuing strategic initiatives to enhance its brand presence, expand its market reach, and diversify its business interests.
* Brand Enhancement: Appointed Bollywood actor Ranbir Kapoor as the face of its "Premium ka Pappa" campaign. Its Bonzer7 brand has onboarded actress Vaani Kapoor for its "Kya Baat Hain" campaign, aiming to connect with younger demographics.
* International Expansion: Established PT AGL SURFACES INDONESIA in Indonesia on February 7, 2025, to engage in wholesale trading of tiles, flooring materials, and other building materials.
* Business Diversification: Incorporated AGL Proteins Pvt Ltd, an agro-industry subsidiary, with a 51% stake and an initial investment of ₹51,000.
Asian Granito India Limited is listed on the following Indian stock exchanges:
* BSE: Code 532888
* NSE: Symbol ASIANTILES
* ISIN: INE022I01019
The company's Registered office is located at 202, Dev Arc, Opp Iskon Temple, S G Highway, Ahmedabad-380015, Gujarat.
Asian Granito India Limited represents a significant player in India's ceramic tiles and bathware industry. With strong manufacturing capabilities, an extensive distribution network, a focus on innovation and quality, and a recent financial turnaround, the company is well-positioned for future growth in the expanding Indian construction and home improvement market.
