Lexus Granito (India) Limited (LEXUS)
₹10.84 +12.22% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Lexus Granito's revenue was ₹3.6 Cr (-80.3% year on year, -69.1% on the previous quarter), and net profit ₹-2.7 Cr (against a profit a year earlier); the operating margin was -100.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.6 | -80.3% | -69.1% |
| Operating profit | ₹-3.6 | to loss | loss widened |
| Net profit | ₹-2.7 | to loss | loss widened |
| EPS (₹) | -1.29 | to loss | loss widened |
| Operating margin | -100.5% | — | — |
LEXUS delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 15.11% of the LEXUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.0%. That is lower than usual for this stock. Turnover was only ₹65 lakh, so a handful of trades can move this figure. It traded 14.6 times its average daily volume. It closed at its upper price band (circuit) on 16 Oct. 2 bulk or block deals were reported in LEXUS in the last 60 days: ₹0.14 Cr bought and ₹0.14 Cr sold.
Delivery in the last 5 sessions: 70.7% · 60.7% · 48.8% · 65.3% · 15.1%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 16 Oct | Buy | Arpit Jain Huf | ₹0.14 Cr | ₹11.34 | 127,590 | Bulk |
| 16 Oct | Sell | Arpit Jain Huf | ₹0.14 Cr | ₹11.28 | 127,590 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Lexus Granito (India) Limited has scheduled its register of members and share transfer book closure from September 23, 2026, to September 30, 2026 (both days inclusive). This is being conducted for the purpose of the 18th Annual General Meeting (AGM). The cut-off date to determine shareholders eligible to participate in e-voting has been set as September 23, 2026. The announcement is purely procedural with no operational or financial impact.
- Book closure period: September 23, 2026, to September 30, 2026 (both days inclusive)
- Purpose: 18th Annual General Meeting (AGM)
- E-voting cut-off date set as September 23, 2026
- Notice dispatch eligibility cut-off date was September 4, 2026
Lexus Granito (India) Limited has submitted its FY26 Annual Report and scheduled its 18th Annual General Meeting (AGM) for September 30, 2026. The meeting will handle ordinary business including adoption of FY26 financial statements and director re-appointment, alongside a special resolution appointing M/s. Jay Pandya & Associates as Secretarial Auditor for 5 years. Financial disclosures show FY26 revenue from operations fell to ₹61.88 cr from ₹75.25 cr, while net profit turned positive to ₹1.04 cr. High leverage remains a concern despite the D/E ratio improving to 3.05x from 14.91x in FY25.
- 18th AGM scheduled for September 30, 2026 at 04:30 PM via Video Conferencing
- Special resolution to appoint M/s. Jay Pandya & Associates as Secretarial Auditor for a 5-year period (FY27 to FY31)
- D/E ratio improved to 3.05x as of March 31, 2026, down from 14.91x in FY25
- Net profit turned positive to ₹104.17 Lakhs in FY26 compared to a loss of ₹503.14 Lakhs in FY25
- FY26 revenue from operations stood at ₹6,187.56 Lakhs versus ₹7,525.03 Lakhs in FY25
Lexus Granito (India) Limited has recommended the appointment of M/s. Jay Pandya & Associates, Company Secretaries, as its Secretarial Auditor for a five-year term covering FY 2026-27 through FY 2030-31. The appointment follows statutory compliance requirements under Section 204 of the Companies Act, 2013 and SEBI Listing Regulations, subject to shareholder approval. The company has scheduled its 18th Annual General Meeting for September 30, 2026. This administrative compliance action comes amid challenging operating metrics, with Q1 FY27 revenue at Rs 3.56 Cr and high debt of Rs 56 Cr.
- Appointment of M/s. Jay Pandya & Associates as Secretarial Auditor for a 5-year term from FY 2026-27 to 2030-31
- Appointment made pursuant to Section 204 of the Companies Act, 2013 and Regulation 24A of SEBI Listing Regulations
- 18th Annual General Meeting convened for September 30, 2026 at 4:30 P.M. via Video Conferencing
- Company reported Q1 FY27 revenue of Rs 3.56 Cr with a net loss of Rs 2.67 Cr against total debt of Rs 56 Cr
Lexus Granito (India) Limited has scheduled its 18th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 4:30 P.M. via Video Conferencing. The Board also recommended the appointment of M/s. Jay Pandya & Associates, Company Secretaries, as the Secretarial Auditor for a 5-year term from FY 2026-27 to FY 2030-31, subject to shareholder approval. This is an administrative procedural filing with no direct impact on operational performance or financial structure.
- 18th Annual General Meeting to be held on Wednesday, 30th September, 2026 at 4:30 P.M.
- Recommended appointment of M/s. Jay Pandya & Associates as Secretarial Auditor for a 5-year term
- Secretarial audit appointment covers FY 2026-2027 to FY 2030-31, subject to shareholder approval
Lexus Granito (India) Limited's Board has recommended the appointment of M/s. Jay Pandya & Associates as Secretarial Auditor for a five-year term spanning FY 2026-27 to FY 2030-31. The appointment remains subject to shareholder approval at the company's upcoming 18th Annual General Meeting scheduled for September 30, 2026. This is a standard statutory governance update and has no direct impact on the company's operating performance or debt obligations.
- Appointment of M/s. Jay Pandya & Associates for a term of 5 consecutive years (FY 2026-27 to FY 2030-31)
- Subject to shareholder approval at the 18th AGM on September 30, 2026
- Board meeting commenced at 4:00 P.M. and concluded at 5:00 P.M. on September 8, 2026
- Auditor holds Peer Review Certificate No. 7830/2026 and Membership No. ACS – 63213
Lexus Granito reported a sharp decline in operational performance for the quarter ended June 30, 2026. Revenue from operations fell 80.2% YoY to ₹356.23 lakh (₹3.56 cr) compared to ₹1,803.53 lakh (₹18.04 cr) in the year-ago quarter. The company posted a net loss of ₹267.21 lakh (₹2.67 cr) against a net profit of ₹62.17 lakh in Q1 FY26. Operations were entirely domestic with nil overseas sales during the quarter.
- Revenue from operations fell 80.2% YoY to ₹356.23 lakh from ₹1,803.53 lakh in Q1 FY26.
- Swung to a net loss of ₹267.21 lakh from a net profit of ₹62.17 lakh in the corresponding quarter last year.
- Basic EPS worsened to ₹(1.29) per share compared to ₹0.31 in Q1 FY26.
- Finance costs remained elevated at ₹102.52 lakh, impacting bottom-line profitability.
- Utilized ₹1,074 lakh out of preferential issue proceeds toward repayment of unsecured loans.
Lexus Granito (India) Limited held a Board of Directors meeting on August 14, 2026, from 4:00 PM to 6:30 PM. The Board approved the unaudited financial results for the quarter ended June 30, 2026, alongside the limited review report. Additionally, it approved the Statement of Deviations/Variations under Regulation 32 regarding the utilization of proceeds from its preferential issue of convertible warrants. Detailed numerical values for revenue and profits were omitted in the filing excerpt.
- Board meeting conducted on August 14, 2026, between 4:00 PM and 6:30 PM
- Approved unaudited financial results for the quarter ended June 30, 2026
- Approved Statement of Deviations/Variations for preferential issue convertible warrant proceeds under Regulation 32
- Detailed line-item quarterly financials were not disclosed in the provided document extract
Lexus Granito reported a sharp operational contraction for Q1 ended June 30, 2026, with revenue from operations plunging 80.2% YoY to ₹3.56 Cr from ₹18.04 Cr in Q1 FY26. The company posted a net loss of ₹2.67 Cr against a net profit of ₹0.62 Cr in the prior year's corresponding quarter. Operating performance was impacted by zero overseas sales and reduced domestic volumes, while finance costs remained high at ₹1.03 Cr. Additionally, the company confirmed ₹12.77 Cr has been raised so far via preferential convertible warrants with zero deviation from stated objects.
- Revenue from operations plunged 80.2% YoY to ₹3.56 Cr (₹356.23 Lakh) vs ₹18.04 Cr in Q1 FY26
- Swung to a net loss of ₹2.67 Cr (₹267.21 Lakh) from a net profit of ₹0.62 Cr (₹62.17 Lakh) in Q1 FY26
- Overseas segment revenue fell to ₹Nil during the quarter vs ₹0.98 Cr in Q1 FY26
- Total funds received from preferential convertible warrants reached ₹12.77 Cr with nil deviation in use of proceeds
Lexus Granito (India) Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, confirmed that the entire holding of the company's shares is in dematerialized form. Furthermore, the company reported that no requests for rematerialization were received during the quarter. This is a standard administrative filing with no impact on business operations or financials.
- Quarterly compliance certificate submitted for the period ended June 30, 2026
- 100% of the company's shares are confirmed to be in dematerialized form
- Zero requests for rematerialization were received during the quarter
- Confirmation provided by RTA Bigshare Services Private Limited on July 15, 2026
Lexus Granito (India) Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. Investors should note that the company is currently managing high leverage with a Debt-to-Equity ratio of 3.05 and reported a net loss of ₹0.65 Cr in the most recent quarter (March 2026).
- Trading window closure effective from July 1, 2026, for all insiders and designated persons.
- Closure pertains to the upcoming unaudited financial results for the quarter ended June 30, 2026.
- The window will reopen 48 hours after the publication of the quarterly results.
- Company reported a TTM revenue of ₹62 Cr and faces high financial leverage with ₹56 Cr in debt.
Anilbhai Babubhai Detroja, the Promoter and Managing Director of Lexus Granito (India) Limited, has filed a formal declaration under Regulation 31(4) of SEBI (SAST) Regulations. The disclosure confirms that the promoter group has not created any encumbrances or pledges on their shareholding, directly or indirectly, during the financial year 2025-26. This annual compliance filing provides transparency regarding the financial health and leverage of the promoter group, which includes eight entities and individuals.
- Promoter group confirms zero encumbrances on shares for the financial year 2025-26.
- Declaration submitted by Anilbhai Babubhai Detroja on behalf of the entire promoter group.
- Compliance fulfilled under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The promoter group includes key individuals and M/s. Pavan Blackrock Private Limited.
Lexus Granito (India) Limited reported a full-year turnaround for FY26, posting a net profit of ₹104.17 lakhs compared to a loss of ₹503.14 lakhs in FY25. However, the fourth quarter showed signs of weakness with revenue dropping 45% YoY to ₹1,153.59 lakhs, resulting in a quarterly loss of ₹65.47 lakhs. A major concern for investors is the collapse of overseas revenue, which fell from ₹809.72 lakhs to just ₹130.91 lakhs for the full year. On a positive note, the company significantly reduced its total liabilities from ₹11,786.48 lakhs to ₹9,097.63 lakhs.
- Achieved full-year FY26 net profit of ₹104.17 lakhs, recovering from a loss of ₹503.14 lakhs in FY25.
- Q4 FY26 revenue declined sharply to ₹1,153.59 lakhs from ₹2,096.91 lakhs in the same quarter last year.
- Export revenue plummeted by 84% YoY, falling from ₹809.72 lakhs to ₹130.91 lakhs.
- Total liabilities were reduced by approximately ₹26.89 crore during the fiscal year.
- Allotted 3,00,000 equity shares in Feb 2026 following warrant conversion at ₹45.20 per share.
Lexus Granito (India) Limited achieved a significant turnaround for the fiscal year ended March 31, 2026, reporting a net profit of ₹104.17 Lakhs compared to a substantial loss of ₹503.14 Lakhs in the previous year. While annual revenue from operations declined by 17.7% to ₹6,187.56 Lakhs, the company successfully improved its bottom line and equity position. The company also strengthened its capital base through the conversion of 3,00,000 warrants into equity shares and appointed Savjani & Associates as the Internal Auditor for FY 2026-27.
- Achieved a net profit of ₹104.17 Lakhs in FY26, reversing a loss of ₹503.14 Lakhs in FY25.
- Annual revenue from operations stood at ₹6,187.56 Lakhs, down from ₹7,525.03 Lakhs in the previous fiscal year.
- Equity share capital increased to ₹2,079.07 Lakhs following the conversion of 3,00,000 warrants at ₹45.20 per share.
- Total Comprehensive Income for the year reached ₹110.41 Lakhs compared to a loss of ₹495.57 Lakhs YoY.
- Savjani & Associates appointed as Internal Auditor for FY 2026-27 to oversee financial compliance.
Lexus Granito (India) Limited reported a turnaround in the financial year ended March 31, 2026, posting a net profit of ₹104.17 Lakhs compared to a net loss of ₹503.14 Lakhs in the previous fiscal. This recovery occurred despite a significant decline in total revenue from operations, which fell from ₹7,525.03 Lakhs to ₹6,187.56 Lakhs. The company also strengthened its capital base by completing the conversion of 3,00,000 equity share warrants at ₹45.20 per share during the final quarter.
- Turned profitable with a Net Profit of ₹104.17 Lakhs in FY26 vs a Loss of ₹503.14 Lakhs in FY25.
- Total Revenue from operations declined by 17.7% YoY to ₹6,187.56 Lakhs.
- Allotted 3,00,000 equity shares at ₹45.20 each following warrant conversion, raising ₹101.70 Lakhs in Q4.
- Export revenue saw a sharp decline, falling from ₹809.72 Lakhs in FY25 to just ₹130.91 Lakhs in FY26.
- Total expenses were curtailed to ₹7,348.49 Lakhs from ₹8,101.28 Lakhs in the previous year.
Lexus Granito reported a full-year turnaround for FY26, posting a net profit of ₹1.04 crore compared to a loss of ₹5.03 crore in FY25, despite a 17.7% decline in annual revenue to ₹61.88 crore. However, the Q4 performance was weak, with revenue dropping 45% year-on-year to ₹11.54 crore and the company recording a quarterly loss of ₹65.47 lakhs. A significant concern is the sharp decline in export revenue, which plummeted from ₹8.10 crore to ₹1.31 crore annually. The company also completed a small equity allotment of 3,00,000 shares via warrant conversion at ₹45.20 per share.
- FY26 Net Profit turned positive at ₹104.17 lakhs compared to a loss of ₹503.14 lakhs in FY25.
- Annual Revenue from Operations decreased by 17.7% YoY to ₹6,187.56 lakhs from ₹7,525.03 lakhs.
- Q4 FY26 Revenue fell sharply to ₹1,153.59 lakhs from ₹2,096.91 lakhs in Q4 FY25.
- Export revenue witnessed a massive 83.8% decline, dropping to ₹130.91 lakhs for the full year.
- Company allotted 3,00,000 equity shares at ₹45.20 per share following the conversion of warrants.
Financial Performance
Revenue Growth by Segment
Not explicitly disclosed by segment, but the company achieved a significant turnaround with a Net Profit before tax of INR 88.42 Lakhs for H1 FY26 compared to a loss of INR 585.45 Lakhs in H1 FY25.
Profitability Margins
The company moved from a net loss position to a Net Profit before tax of INR 88.42 Lakhs in H1 FY26. Operating profit before working capital changes stood at INR 602.95 Lakhs, representing a massive 1,687% increase from INR 33.73 Lakhs in H1 FY25.
EBITDA Margin
Operating profit before working capital changes was INR 602.95 Lakhs for H1 FY26, up from INR 33.73 Lakhs YoY. This surge indicates a substantial improvement in core operational profitability and cost management.
Capital Expenditure
The company invested INR 14.60 Lakhs in the purchase of fixed assets during H1 FY26, while realizing INR 24.62 Lakhs from the sale of fixed assets.
Credit Rating & Borrowing
Total borrowings as of September 30, 2025, stood at INR 5,371.39 Lakhs (INR 3,120.40 Lakhs non-current and INR 2,250.99 Lakhs current). Finance costs decreased by 16.4% YoY to INR 173.83 Lakhs, indicating a reduction in the interest burden.
Operational Drivers
Raw Materials
Not specifically named, but the business involves granite and vitrified tile manufacturing, requiring raw materials like clay, feldspar, and silica sand.
Capacity Expansion
Current installed capacity is not disclosed; however, the company recently approved the allotment of 3,00,000 fully paid-up equity shares on November 18, 2025, to strengthen its capital base.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but inventory levels increased by 2.2% to INR 6,492.11 Lakhs as of September 30, 2025.
Manufacturing Efficiency
Operating profit before working capital changes improved by 1,687% YoY, suggesting a significant leap in manufacturing efficiency and cost optimization during H1 FY26.
Strategic Growth
Growth Strategy
The company is focusing on capital restructuring and liquidity management, evidenced by the allotment of 3,00,000 equity shares in November 2025 and the repayment of INR 978.53 Lakhs in long-term borrowings during H1 FY26 to reduce interest costs.
Products & Services
Granite slabs, vitrified tiles, and ceramic products used in construction and home improvement.
Brand Portfolio
Lexus Granito
External Factors
Industry Trends
The ceramics and granite industry is evolving with a shift toward high-end vitrified tiles and sustainable manufacturing; Lexus is positioning itself by improving operational profitability and cleaning up its balance sheet.
Competitive Landscape
Operates in the highly competitive Morbi ceramic cluster against both organized and unorganized players.
Competitive Moat
The company's moat is linked to its established brand 'Lexus Granito' and its manufacturing base in Morbi, Gujarat, a global hub for ceramics, providing cost advantages in sourcing and logistics.
Macro Economic Sensitivity
The business is sensitive to the real estate and construction sectors; a slowdown in infrastructure development would directly reduce demand for granite and tiles.
Regulatory & Governance
Industry Regulations
Subject to environmental norms for ceramic manufacturing and mining regulations for granite sourcing.
Taxation Policy Impact
The company has a significant Deferred Tax Asset of INR 777.77 Lakhs as of September 30, 2025, which can be used to offset future tax liabilities.
Legal Contingencies
The company has disclosed pending litigation as of March 31, 2025, in Note 32 of its financial statements, though the specific INR value was not detailed in the summary.
Risk Analysis
Key Uncertainties
High financial leverage (Debt-to-Equity ratio of approximately 3.3x) and high inventory concentration (54% of total assets) pose significant liquidity and solvency risks.
Geographic Concentration Risk
Manufacturing is concentrated in Morbi, Gujarat, making it vulnerable to regional regulatory or infrastructure disruptions.
Third Party Dependencies
The company relies on sanctioned working capital limits in excess of INR 5 Crores from banks, indicating high dependency on external banking partners for daily operations.
Technology Obsolescence Risk
The company is maintaining its audit trail features in accounting software as per regulatory requirements, indicating a move toward digital compliance.
Credit & Counterparty Risk
Receivables quality appears to be improving with an 11.9% reduction in trade receivables to INR 735.40 Lakhs, reducing credit risk.
