LEXUS
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Forensics
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Lexus Granito (India) To Issue Warrants Convertible Into Shares Worth Up To 452 Million Rupees
Sept 24 (Reuters) - Lexus Granito (India) Ltd LEXU.NS:
TO ISSUE WARRANTS CONVERTIBLE INTO SHARES WORTH UP TO 452 MILLION RUPEES
Source text for Eikon: ID:nNSE9lnVLD
Further company coverage: LEXU.NS
Sept 24 (Reuters) - Lexus Granito (India) Ltd LEXU.NS:
TO ISSUE WARRANTS CONVERTIBLE INTO SHARES WORTH UP TO 452 MILLION RUPEES
Source text for Eikon: ID:nNSE9lnVLD
Further company coverage: LEXU.NS
Lexus Granito (India) plunges 12% as GST Dept conducts search
** Shares of Lexus Granito (India) Ltd LEXU.NS slump as much as 11.5% to 43.35 rupees
** Ceramic tiles maker on Thursday said Goods and Services Tax Department conducted a search at some of premises and plants related to the company
** During the investigation, two directors and one accountant were arrested
** If trends hold, stock on track to drop for fifth consecutive session
** About 39,600 shares change hands by 9:50 a.m. IST, 2.2x the 30-day avg - Refinitiv Data
** Stock last down ~10%, extending YTD losses to ~40%
(Reporting by Priya Sagar in Bengaluru)
** Shares of Lexus Granito (India) Ltd LEXU.NS slump as much as 11.5% to 43.35 rupees
** Ceramic tiles maker on Thursday said Goods and Services Tax Department conducted a search at some of premises and plants related to the company
** During the investigation, two directors and one accountant were arrested
** If trends hold, stock on track to drop for fifth consecutive session
** About 39,600 shares change hands by 9:50 a.m. IST, 2.2x the 30-day avg - Refinitiv Data
** Stock last down ~10%, extending YTD losses to ~40%
(Reporting by Priya Sagar in Bengaluru)
Lexus Granito (India) Says Goods And Services Tax Department Is Conducting Search At Some Premises/Plants Related To Co
July 13 (Reuters) - Lexus Granito (India) Ltd LEXU.NS:
GOODS AND SERVICES TAX DEPARTMENT IS CONDUCTING SEARCH AT SOME PREMISES/PLANTS RELATED TO CO
DURING INVESTIGATION, TWO DIRECTORS AND ONE ACCOUNTANT OF CO HAVE BEEN ARRESTED
Source text for Eikon: ID:nNSE201fXB
Further company coverage: LEXU.NS
July 13 (Reuters) - Lexus Granito (India) Ltd LEXU.NS:
GOODS AND SERVICES TAX DEPARTMENT IS CONDUCTING SEARCH AT SOME PREMISES/PLANTS RELATED TO CO
DURING INVESTIGATION, TWO DIRECTORS AND ONE ACCOUNTANT OF CO HAVE BEEN ARRESTED
Source text for Eikon: ID:nNSE201fXB
Further company coverage: LEXU.NS
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What does Lexus Granito (I) do?
Lexus Granito (India) is a leading manufacturer, trader, and marketer of vitrified ceramic tiles and wall tiles in domestic and international markets. Recently, they set up their own wall tiles manufacturing unit to strengthen their operations in the industry.
Who are the competitors of Lexus Granito (I)?
Lexus Granito (I) major competitors are Restile Ceramics, Durlax Top Surface, Marvel Decor, Elegant Marbles&Gran, Pacific Industries, Ganga Bath Fittings, Oriental Trimex. Market Cap of Lexus Granito (I) is ₹78 Crs. While the median market cap of its peers are ₹72 Crs.
Is Lexus Granito (I) financially stable compared to its competitors?
Lexus Granito (I) seems to be less financially stable compared to its competitors. Altman Z score of Lexus Granito (I) is 0.81 and is ranked 7 out of its 8 competitors.
Does Lexus Granito (I) pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Lexus Granito (I) latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Lexus Granito (I) allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Lexus Granito (I) balance sheet?
Lexus Granito (I) balance sheet is weak and might have solvency issues
Is the profitablity of Lexus Granito (I) improving?
Yes, profit is increasing. The profit of Lexus Granito (I) is ₹2.22 Crs for TTM, -₹5.03 Crs for Mar 2025 and -₹16.58 Crs for Mar 2024.
Is the debt of Lexus Granito (I) increasing or decreasing?
The net debt of Lexus Granito (I) is decreasing. Latest net debt of Lexus Granito (I) is ₹53.61 Crs as of Sep-25. This is less than Mar-25 when it was ₹65.05 Crs.
Is Lexus Granito (I) stock expensive?
Lexus Granito (I) is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Lexus Granito (I) is 35.29, while 3 year average PE is 5.82. Also latest EV/EBITDA of Lexus Granito (I) is 18.71 while 3yr average is 47.61.
Has the share price of Lexus Granito (I) grown faster than its competition?
Lexus Granito (I) has given lower returns compared to its competitors. Lexus Granito (I) has grown at ~-39.91% over the last 1yrs while peers have grown at a median rate of -31.0%
Is the promoter bullish about Lexus Granito (I)?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Lexus Granito (I) is 53.12% and last quarter promoter holding is 54.33%
Are mutual funds buying/selling Lexus Granito (I)?
There is Insufficient data to gauge this.