BSEGlittek Granites LtdHighNeutral
Announced Thu, 21 May · 11:59 IST

As per Attachment

Pat Growth 25pctNegative Operating CashflowRelated Party TransactionsEmphasis Of MatterResults View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹44.35
prior close
₹43.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-0.8-4.2-4.2-5.3-5.3-6.7-14.1-0.6-8.6+24.2
Up moveDown movePending
AI summary

Glittek Granites reported a turnaround in FY2026 with profit after tax of Rs 685.86 Lakhs compared to a loss of Rs 59.29 Lakhs in FY2025. Total income was Rs 3,126.28 Lakhs, marginally lower than Rs 3,151.67 Lakhs in the prior year (slight revenue decline of ~0.8%). The company achieved basic EPS of Rs 10.03 vs Rs 2.64 in FY25. The auditors issued an unqualified opinion but included an Emphasis of Matter noting the company has not provided or paid interest on delayed MSME payments as required under the MSME Act, 2006. The company disclosed significant related party transactions including unsecured loans from directors (Ashoke Agarwal Rs 164.13 Lakhs, Tushar Agarwal Rs 44.03 Lakhs) and rent payments to a related party (Mrs Manjula Agarwal Rs 3.86 Lakhs). Operating cash flow was negative at Rs 224.65 Lakhs.

Likely market impact

Despite the profit turnaround, the negative operating cash flow, undisclosed MSME interest liability, and significant related party transactions raise concerns about financial controls and governance. Shareholders should monitor the company's ability to improve cash generation and clarify the MSME compliance issue.