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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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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
₹14.00
▼(-45.97% Downside)
Action:Reiterated
Date:06/02/26
The score is held down primarily by weak financial performance (recent operating losses, negative cash flow, and high leverage) and bearish technicals (below key moving averages with negative MACD). A moderate P/E provides only limited offset.
Positive Factors
Return to Profitability
A small return to net profit in FY2026 signals that underlying operations can recover under the right conditions. If sustained, this can help rebuild retained earnings, reduce reliance on external funding, and provide a foundation for margin normalization over multiple quarters.
Negative Factors
High Leverage
Elevated debt and historically extreme debt-to-equity ratios leave the company vulnerable to interest-cost pressure and refinancing risk. For a cyclical construction supplier, high leverage constrains investment, amplifies downturn impacts, and limits strategic optionality over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
A small return to net profit in FY2026 signals that underlying operations can recover under the right conditions. If sustained, this can help rebuild retained earnings, reduce reliance on external funding, and provide a foundation for margin normalization over multiple quarters.
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
Lexus Granito (India) Ltd. primarily makes money by selling tile products (such as ceramic and vitrified tiles) to customers in the construction and home-improvement value chain. Key revenue streams typically include: (1) domestic sales to distrib...

Lexus Granito (India) Ltd. Financial Statement Overview

Summary
Financial strength is weak: revenue declined again in FY2026 and EBIT remained negative in FY2025–FY2026. High leverage (debt still ~₹556.5M and previously very high debt-to-equity) and negative operating/free cash flow in FY2025–FY2026 elevate downside risk despite a small return to net profit in FY2026.
Income Statement
36
Negative
Balance Sheet
28
Negative
Cash Flow
30
Negative
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue618.76M752.50M1.17B1.01B1.38B
Gross Profit447.06M562.92M-97.78M487.35M79.13M
EBITDA-9.97M69.01M15.02M52.08M251.07M
Net Income10.42M-50.31M-165.79M-118.27M115.77M
Balance Sheet
Total Assets1.09B1.22B1.21B1.56B1.50B
Cash, Cash Equivalents and Short-Term Investments152.00K1.11M703.00K2.40M1.92M
Total Debt556.51M650.63M584.17M690.81M592.73M
Total Liabilities909.76M1.18B1.11B1.36B1.19B
Stockholders Equity182.41M43.63M93.19M203.55M314.93M
Cash Flow
Free Cash Flow-10.62M-84.77M98.86M-320.25M-6.06M
Operating Cash Flow-8.89M-73.93M112.52M57.80M248.30M
Investing Cash Flow992.00K-12.42M7.58M-135.69M-109.25M
Financing Cash Flow6.94M44.12M-121.13M78.37M-146.63M

Lexus Granito (India) Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price25.91
Price Trends
50DMA
16.76
Negative
100DMA
22.81
Negative
200DMA
25.24
Negative
Market Momentum
MACD
-0.73
Negative
RSI
42.85
Neutral
STOCH
31.17
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 25.91 is above the 20-day moving average (MA) of 15.00, above the 50-day MA of 16.76, and above the 200-day MA of 25.24, indicating a bearish trend. The MACD of -0.73 indicates Negative momentum. The RSI at 42.85 is Neutral, neither overbought nor oversold. The STOCH value of 31.17 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
59
Neutral
₹32.33B38.900.07%-38.54%-57.02%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
50
Neutral
₹328.35M81.91-1.12%
49
Neutral
₹14.51B48.4312.77%-49.32%
48
Neutral
₹2.94B100.610.23%-76.07%
43
Neutral
₹297.72M28.08-13.12%
43
Neutral
₹395.35M-3.31-40.28%-84.52%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:LEXUS
Lexus Granito (India) Ltd.
14.32
-19.63
-57.82%
IN:AROGRANITE
ARO Granite Industries Limited
25.55
-15.14
-37.21%
IN:ASIANTILES
Asian Granito India Limited
48.33
-14.54
-23.13%
IN:EXXARO
Exxaro Tiles Ltd.
6.56
-2.31
-26.04%
IN:MADHAV
Madhav Marbles & Granites Ltd.
36.64
-9.04
-19.79%
IN:POKARNA
Pokarna Limited
1,014.05
-8.27
-0.81%
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: Jun 02, 2026