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Lexus Granito (India) Ltd. (IN:LEXUS)
:LEXUS
India Market
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Lexus Granito (India) Ltd. (LEXUS) AI Stock Analysis

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IN:LEXUS

Lexus Granito (India) Ltd.

(LEXUS)

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Underperform 40 (OpenAI - Gpt-5.6Sol)
Rating:40Underperform
Price Target:
₹9.00
▼(-30.93% Downside)
Action:Downgraded
Date:10/08/26
The score is pressured primarily by weak financial performance (declining revenue, negative EBIT, inconsistent cash generation, and high leverage). Technical indicators add downside risk with the stock trading below all key moving averages and negative MACD, despite being deeply oversold. Valuation is not supportive due to a negative P/E and no provided dividend yield.
Positive Factors
Recognized Tile Brand
Operating under the Lexus Granito brand gives the company an established identity in the tile market and can support customer recognition across building and interior-surface applications. Brand presence may help preserve channel access and provide a platform for improving product mix over time.
Negative Factors
Revenue and EBIT Contraction
Repeated revenue contraction and negative EBIT indicate that the core operating model is currently not generating stable earnings from its tile business. Persistent top-line pressure can reduce fixed-cost absorption, weaken bargaining power, and make a durable margin recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Recognized Tile Brand
Operating under the Lexus Granito brand gives the company an established identity in the tile market and can support customer recognition across building and interior-surface applications. Brand presence may help preserve channel access and provide a platform for improving product mix over time.
Read all positive factors

Lexus Granito (India) Ltd. (LEXUS) vs. iShares MSCI India ETF (INDA)

Lexus Granito (India) Ltd. Business Overview & Revenue Model

Company Description
Established in 2007 and headquartered in Rajkot, India, Lexus Granito (India) Limited specializes in the creation, distribution, and promotion of vitrified ceramic and wall tiles. Operating under its 'Lexus' brand, the company's comprehensive prod...
How the Company Makes Money
The company primarily makes money by selling tile products (e.g., ceramic and/or vitrified tiles) to the building materials market. Revenue is generated from invoicing customers for manufactured and/or traded tiles, typically through a distributor...

Lexus Granito (India) Ltd. Financial Statement Overview

Summary
Overall financial strength is weak. Revenue fell sharply in FY2026 (~-17.8% YoY) after a large FY2025 contraction, EBIT was negative in FY2025–FY2026, and cash generation deteriorated with negative operating and free cash flow in FY2025–FY2026. Leverage remains a key constraint (high debt relative to equity), increasing downside risk for a cyclical business despite a small return to net profit in FY2026.
Income Statement
36
Negative
Balance Sheet
28
Negative
Cash Flow
30
Negative
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue541.99M618.76M752.50M1.17B1.01B1.38B
Gross Profit363.93M447.06M562.92M-97.78M487.35M79.13M
EBITDA-7.11M-9.97M69.01M15.02M52.08M251.07M
Net Income-22.52M10.42M-50.31M-165.79M-118.27M115.77M
Balance Sheet
Total Assets0.001.09B1.22B1.21B1.56B1.50B
Cash, Cash Equivalents and Short-Term Investments152.00K152.00K1.11M703.00K2.40M1.92M
Total Debt0.00556.51M650.63M584.17M690.81M592.73M
Total Liabilities-182.41M909.76M1.18B1.11B1.36B1.19B
Stockholders Equity182.41M182.41M43.63M93.19M203.55M314.93M
Cash Flow
Free Cash Flow0.00-10.62M-84.77M98.86M-320.25M-6.06M
Operating Cash Flow0.00-8.89M-73.93M112.52M57.80M248.30M
Investing Cash Flow0.00992.00K-12.42M7.58M-135.69M-109.25M
Financing Cash Flow0.006.94M44.12M-121.13M78.37M-146.63M

Lexus Granito (India) Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price13.03
Price Trends
50DMA
13.36
Negative
100DMA
14.66
Negative
200DMA
20.79
Negative
Market Momentum
MACD
-0.86
Positive
RSI
21.72
Positive
STOCH
24.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LEXUS, the sentiment is Negative. The current price of 13.03 is above the 20-day moving average (MA) of 12.31, below the 50-day MA of 13.36, and below the 200-day MA of 20.79, indicating a bearish trend. The MACD of -0.86 indicates Positive momentum. The RSI at 21.72 is Positive, neither overbought nor oversold. The STOCH value of 24.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LEXUS.

Lexus Granito (India) Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
54
Neutral
₹22.03B23.01―0.09%-35.05%-48.06%
50
Neutral
₹2.75B64.46――5.16%-74.51%
47
Neutral
₹14.26B62.96―2.50%18.50%-67.27%
45
Neutral
₹302.41M-129.31―0.51%7.43%72.12%
41
Neutral
₹351.59M-1.78―2.99%-40.39%-171.42%
40
Underperform
₹224.75M-8.70――-32.58%-234.93%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:LEXUS
Lexus Granito (India) Ltd.
9.70
-18.55
-65.66%
IN:AROGRANITE
ARO Granite Industries Limited
22.50
-14.32
-38.89%
IN:ASIANTILES
Asian Granito India Limited
45.85
-11.30
-19.77%
IN:EXXARO
Exxaro Tiles Ltd.
6.26
-1.66
-20.96%
IN:MADHAV
Madhav Marbles & Granites Ltd.
32.00
-10.26
-24.28%
IN:POKARNA
Pokarna Limited
679.65
-45.80
-6.31%

Lexus Granito (India) Ltd. Corporate Events

Lexus Granito Publishes Q1 FY2026 Unaudited Results in Financial Express
Aug 15, 2026
Lexus Granito (India) Ltd. announced that it has published an extract of its unaudited financial results for the quarter ended June 30, 2026 in the Financial Express, in both English and Gujarati editions. The move, made pursuant to SEBI’s d...
Lexus Granito Board Clears Q1 FY27 Results and Use of Warrant Proceeds
Aug 14, 2026
Lexus Granito (India) Ltd. announced that its board has approved the unaudited financial results for the quarter ended June 30, 2026, following review by the audit committee and a limited review by statutory auditors. The company also released a s...
Lexus Granito Posts Quarterly Loss as Revenue Slumps in June 2026
Aug 14, 2026
Lexus Granito (India) Ltd. has submitted its integrated unaudited financial results for the quarter ended June 30, 2026, in line with the Securities and Exchange Board of India’s new disclosure framework. The filing shows total income from o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 08, 2026