---
title: "Aankit Granites Ltd (523511) — Share Price, Financials & Analysis"
symbol: "523511"
company: "Aankit Granites Ltd"
canonical: "https://tapetide.com/stocks/523511"
bse_code: "523511"
generated_at: "2026-10-13T11:01:14.014Z"
---

# Aankit Granites Ltd (523511)

Canonical page: https://tapetide.com/stocks/523511

## Company

- **BSE Code:** 523511
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aankitstone.com

## About

Aankit Granites Ltd. is engaged in the manufacture of granites tiles, kashmiri gold granites, multi-color green granite, tan brown granite, and tropical green granite.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 1.97% over last 3 years.
- Company has high debtors of 225 days.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 5% | 28% |
| revenue growth | -73% | -4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.32 | 1.45 | 0.84 | 1.15 | 0.8 | 0.57 | 0.25 | 0 | 0 | 0 | 0.14 | 0.29 |
| Expenses | 1.22 | 1.39 | 0.77 | 1.13 | 0.89 | 1.88 | 0.81 | 1.14 | 0.45 | 0.29 | 0.78 | 3.29 |
| Operating Profit | 0.1 | 0.06 | 0.07 | 0.02 | -0.09 | -1.31 | -0.56 | -1.14 | -0.45 | -0.29 | -0.64 | -3 |
| OPM % | 7.58 | 4.14 | 8.33 | 1.74 | -11.25 | -229.82 | -224 | — | — | — | -457.14 | -1034.48 |
| Other Income | 0 | 0.03 | 0 | 0.03 | -0.01 | 0.01 | 0 | 0.37 | 0 | -0.03 | 0 | 1.61 |
| Interest | 0.04 | 0.04 | 0.03 | 0.07 | 0.04 | 0.05 | 0.09 | 0.16 | 0.05 | 0.1 | 0.12 | 0.09 |
| Depreciation | 0.04 | 0.03 | 0.04 | 0.02 | 0.02 | 0.02 | 0.04 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.02 | 0.02 | 0 | -0.04 | -0.16 | -1.37 | -0.69 | -1 | -0.52 | -0.44 | -0.78 | -1.5 |
| Tax % | 50 | 50 | — | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.33 |
| Net Profit | 0.01 | 0.02 | 0.01 | -0.05 | -0.16 | -1.37 | -0.69 | -1 | -0.52 | -0.44 | -0.78 | -1.35 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.74 | 10.64 | 9.86 | 9.91 | 7.49 | 8.61 | 0.43 |
| Expenses | 13.08 | 10.42 | 10.3 | 9.22 | 7.19 | 8.39 | 4.81 |
| Operating Profit | -0.34 | 0.22 | -0.44 | 0.69 | 0.3 | 0.22 | -4.38 |
| OPM % | -2.67 | 2.07 | -4.46 | 6.96 | 4.01 | 2.56 | -1018.6 |
| Other Income | 2.07 | 0.2 | 0.45 | 0.03 | 0.03 | 0.24 | 1.58 |
| Interest | 0.3 | 0.16 | 0.16 | 0.14 | 0.08 | 0.22 | 0.36 |
| Depreciation | 0.96 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.08 |
| Profit before tax | 0.47 | 0.11 | -0.3 | 0.43 | 0.1 | 0.08 | -3.24 |
| Tax % | 14.89 | 81.82 | 16.67 | -4.65 | 50 | 125 | — |
| Net Profit | 0.4 | 0.02 | -0.35 | 0.45 | 0.05 | -0.02 | -3.09 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 |
| Reserves | 1.19 | 0.76 | 0.41 | 0.86 | 0.92 | 0.9 |
| Borrowings | 1.6 | 0.53 | 0.35 | 0.35 | 0.35 | 1.99 |
| Other Liabilities | 4.18 | 3.33 | 3.95 | 4.18 | 4.91 | 4.46 |
| Total Liabilities | 15.11 | 12.76 | 12.85 | 13.53 | 14.32 | 15.49 |
| Fixed Assets | 2.2 | 1.7 | 1.56 | 1.41 | 1.26 | 1.18 |
| CWIP | 0.01 | 0 | 0 | 0.02 | 0.02 | 0.02 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12.9 | 11.06 | 11.29 | 12.1 | 13.04 | 14.29 |
| Total Assets | 15.11 | 12.76 | 12.85 | 13.53 | 14.32 | 15.49 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.74 | 0.81 | 0.38 | 0.11 | 0.03 | -1.34 |
| Cash from Investing Activity | -0.11 | -0.08 | -0.01 | -0.02 | -0.01 | -0.08 |
| Cash from Financing Activity | -2.65 | -0.93 | -0.33 | -0.13 | -0.06 | 1.52 |
| Net Cash Flow | -0.02 | -0.2 | 0.04 | -0.04 | -0.04 | 0.1 |
| Free Cash Flow | 2.63 | 0.73 | 0.37 | 0.09 | 0.02 | -1.42 |
| CFO/OP | -806 | 368 | -86 | 16 | 10 | -609 |

### Ratios

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 233.78 | 202.05 | 208.04 | 240.14 | 247.07 | 225.1 |
| Inventory Days | 477.03 | 656.4 | 678.1 | 896.73 | 802.7 | 758.17 |
| Days Payable | 418 | 349.98 | 431.97 | 680.43 | 384.29 | 289.89 |
| Cash Conversion Cycle | 292.81 | 508.47 | 454.17 | 456.44 | 665.48 | 693.38 |
| Working Capital Days | 247.54 | 260.03 | 264.68 | 286.18 | 301.16 | 331.09 |
| ROCE % | — | — | -1.53 | 6.25 | 2.03 | 3.62 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.87% | 61.33% | 62.88% | 63.64% | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.77% |
| FIIs | 9.99% | 0.06% | 0% | 0.17% | 0% | 0% | 0.02% | 0.05% | 0.17% | 0.05% |
| DIIs | 1.68% | 2.26% | 1.88% | 0.78% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.46% | 36.35% | 35.24% | 35.41% | 36.31% | 36.31% | 36.31% | 36.27% | 36.14% | 36.18% |
| No. of Shareholders | 13585 | 14811 | 13615 | 11630 | 12585 | 15419 | 13992 | 12938 | 11320 | 11972 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.68% | 63.75% | 63.77% |
| FIIs | 0.02% | 0.11% | 0.04% | 0.06% | 0.05% | 0.16% | 0.09% | 0.16% | 0.17% | 0.06% | 0.06% | 0.05% |
| Public | 36.31% | 36.21% | 36.28% | 36.25% | 36.27% | 36.16% | 36.22% | 36.16% | 36.14% | 36.27% | 36.18% | 36.18% |
| No. of Shareholders | 13992 | 14216 | 13164 | 12507 | 12938 | 11472 | 11536 | 11616 | 11320 | 12099 | 12122 | 11972 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-25 | [Submission Of Disclosure Under Regulation 29 Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/41477820-a22b-41b6-ae62-6f7875b786cd.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e1b637b-5d27-4d08-a200-b3032bda2a2e.pdf) |
| 2026-02-12 | [Board Meeting Outcome for Disclosures Under Regulation 30 And Regulation 33 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations')-Outcome Of 04/2025-26 Meeting Of The Board Held On Thursday, February 12, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7fb9ff7-880d-44d6-a469-ef090d8a494b.pdf) |
| 2026-02-12 | [Disclosures Under Regulation 30 And Regulation 33 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations')-Outcome Of 04/2025-26 Meeting Of The Board Held On Thursday, February 12, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7345fb42-e2b2-465e-9870-40381874ec08.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/052d8eb3-7116-4241-bfaa-f2b9565388a5.pdf) |
| 2026-02-04 | [Board Meeting Intimation for Intimation Of 4/2025-26 Board Meeting Scheduled To Be Held On Thursday, February 12, 2026 In Pursuant To Regulation 29 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/619c28dc-3b85-45fa-a87c-b312957e023b.pdf) |
| 2015-08-14 | [Financial Results & Limited Review Report for June 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=964CF09C_8336_4A3C_B135_DEE8AD75994D_180251.pdf) |
| 2015-08-14 | [Financial Results & Limited Review Report for June 30, 2015 (Standalone)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/8/964CF09C_8336_4A3C_B135_DEE8AD75994D_180251.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7eaf3c0-6981-42ca-9d72-0bbbeebbde59.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/240b243b-a736-4b72-8573-6fba3786e2f3.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14093673-6a74-49cc-80d9-8f215450aadb.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533260/75994533260_16_09_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533260/72107533260.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533260/66106533260.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533260/5332600319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533260/5332600318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533260/5332600317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/533260/5332600316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/052d8eb3-7116-4241-bfaa-f2b9565388a5.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/341a6785-d629-4834-86ca-e006586cc598.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3a422f1b-cc68-4432-9dea-6351b124ed7a.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e328f0f-3707-4b84-9945-731533b3b06b.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c99bc76-210a-49de-8dbc-52f1a8bb5fea.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1496b919-b946-4cf8-aabd-a67ec23066bc.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bddb61a-4b25-4204-8224-3e328cba713a.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f712ad1-c0ec-462d-bc92-b0f320baf4b8.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/601d8f2d-5ea5-4602-9121-7ea4473358ac.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96293055-0258-450b-9fd8-e14706cc2601.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2019-11-20 | Credit rating update — Brickwork Ratings |
| 2019-08-28 | Credit rating update — Brickwork Ratings |
| 2018-03-19 | Credit rating update — CARE Ratings |
| 2017-03-23 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:14.014Z.