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GLITTEK GRANITES LTD.

Construction Materials › Other Construction Materials
₹73.69
at close · 27 Oct 2026
▲ 3.69 (+5.27%)
ThemesBatteries & Energy Storage· announcedSemiconductors & Electronics· announcedSolar Energy· announcedArtificial Intelligence· mentionDefence· mention

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Board meeting set for October 29 results · Results
  2. SEBI Regulation 74(5) compliance certificate filed for Q2 FY27 · Compliance
  3. Trading Window Closure for Q2 FY27 Results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Classified in Other Construction Materials, the listed entity had been sitting on old granite inventory that, as disclosed in its FY26 filings, was sold off at scrap value because the stock had not moved in over five years. One FY26 filing reports total income collapsed to Rs 140.59 lakh from Rs 3,332.91 lakh in FY25, with a pre-tax loss of Rs 39.45 lakh; two other FY26 filings record total income of Rs 3,126.28 lakh with profit after tax of Rs 685.86 lakh and Rs 2,603.66 lakh respectively, attributing the result to the inventory disposal. The Agarwal-family promoters sold their 62.99% stake under a Share Purchase Agreement, and an open offer at Rs 12.65 per share by the Thanki family and Rawmin Mining closed on 9 June 2026, lifting the new promoter group to 70.59%. The previous Managing Directors, Independent Directors and CFO have resigned, and three Thanki-family members have joined as Chairperson, Managing Director and Whole-time Director, with a nephew as CFO. The new board has approved a proposed rename to Rawmin Neo Elements Limited, a shift of the registered office from Karnataka to Maharashtra, and an alteration of the company's business objects. The operating activity that the listed entity will carry out going forward is not described in the available filings.

Operating scale
Total share capital
2.59 crore equity shares of Rs 5 eachFY26
Old granite inventory
Disposed of at scrap value (held over 5 years)FY26
Open offer acceptance
19,73,603 shares tendered; Rs 2.49 crore paid at Rs 12.65/shareMay-Jun 2026
SPA stake acquired by Thanki family + PAC
1.63 crore shares (62.99%) for ~Rs 12.98 croreJan 2025 agreement, closed 25 Jun 2026
Post-offer promoter holding
70.59% (Thanki family + Rawmin Mining); public holding 29.41%Jun 2026
Who pays it
Not specified in the filings; pre-wind-down customer base for its granite stock is not disclosed.
Biggest cost
FY26 employee cost of Rs 0.7207 crore and other operating expenses of Rs 0.9473 crore dwarfed a near-zero revenue base, with materials cost reported at Rs 0.
Kind of business
BSE-listed micro-cap whose old granite inventory was wound down in FY26 and which is now under new promoter control with a proposed rename and altered business objects.
Where it sits
Classified under Commodities / Other Construction Materials on BSE; FY26 revenue in F_SCALE is reported at Rs 0.0468 crore with total assets of Rs 10.9914 crore.
Market Cap
₹196 Cr
P / E (TTM)
223.3×
EV / EBITDA
—
Div Yield
—
Growth
-96.8%▼
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-3.6%·
ROCE (5y median)
ROE -7.0% (5y median) · margin -736.5%
Leverage
0.00·
Debt / Equity · low
Net cash ₹6.59 Cr
Revenue FY21→FY26
0.0×▼
Margin −821.4 pts
₹14.35 L Cr → ₹0 Cr
Moves on a normal day
2.69%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 21 Other Construction Materials peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#16/17
P/B#20/20
ROCE#18/22
ROE#16/20
Debt / Equity#1/20
Revenue growth#17/18
Profit growth#6/19

Scorecard

Measured from the filed financials, judged against its Other Construction Materials peers · as of FY26 — not investment advice

Strengths
No borrowings on the balance sheet
lower than 79% of its 20 Other Construction Materials peers
Concerns
Revenue shrinking over 5 years (−97% a year)
Negative returns on capital — −3.6% (5-year median)
#18 of 22 in Other Construction Materials on the latest reported figures · up from −18.9% in FY21

Charts

How has the market priced it — with filings on the timeline?

Price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GLITTEK GRANITES LTD.'s filed financials and exchange disclosures

What does GLITTEK GRANITES LTD. do?

GLITTEK GRANITES LTD. is a Other Construction Materials company listed on BSE.

Is GLITTEK GRANITES LTD. profitable?

No. Over the trailing twelve months GLITTEK GRANITES LTD. reported a net loss of ₹0.31 Cr with no revenue reported.

Does GLITTEK GRANITES LTD. pay a dividend?

Not in the latest reported year — GLITTEK GRANITES LTD.'s dividend payout for FY26 was nil.

Is GLITTEK GRANITES LTD. debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹6.59 Cr of cash.

Is GLITTEK GRANITES LTD. expensive compared with its peers?

On trailing P/E, GLITTEK GRANITES LTD. ranks 16 of 17 in Other Construction Materials — cheaper than 6% of them, against an industry median of 26.4×. This is a position, not a valuation judgement.

How much does the GLITTEK GRANITES LTD. share price move in a day?

On a typical session GLITTEK GRANITES LTD. moves 2.69% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are GLITTEK GRANITES LTD.'s next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track GLITTEK GRANITES LTD.'s announcements?

Every NSE and BSE filing by GLITTEK GRANITES LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.