Tiles & Sanitaryware
26 recent notes from companies in this sector. 16 companies tracked.
Global Surfaces slapped with ₹1.74 cr tax penalty over loan violations
The Deputy Commissioner of Income Tax alleged the company accepted loans outside banking channels in AY 2019-20. For a nano-cap already reporting losses, the penalty is over 20% of its latest annual profit.
Midwest Energy approves 1:10 stock split to boost liquidity
Midwest Energy will split each ₹10 share into ten Re 1 shares, aiming for wider retail participation. The company reported just ₹6 cr in quarterly sales and carries a ₹25.6 cr audit-qualified intangible asset.
Exxaro Tiles sees key investor offload 3.38% stake after accumulation
Deep Health AI India cut its holding to 5.98% from 8.23% between Feb and June 2026, reversing a buildup that began in late 2025.
Shiva Granito promoter warrants convert, raising ₹3.15 cr
Promoters convert 28 lakh warrants at ₹15 each, infusing 17.5% of market cap into the nano-cap tile company.
ASI Industries diversifies into steel with ₹7.5 lakh subsidiary
The stone miner is setting up ASI Steel and Energy to explore a TMT plant. The initial outlay is a rounding error against its ₹224 cr market cap, and the subsidiary is yet to be incorporated.
Midwest Energy posts profit but audit qualification sticks
Standalone net of ₹2.8 cr on ₹24.5 cr revenue. But for the second year, auditors flag ₹25.6 cr in intangible assets where Ind AS 38 criteria aren't fully evidenced.
Madhav Marbles seeks nod for ₹100 cr RPTs, 3x its market cap
An EGM on July 6 will vote on related party loans and guarantees totalling ₹100 crore, against a market cap of ₹33 crore. Some counterparties carry going-concern doubts.
Glittek promoter buys back ICICI Bank's entire 8.55% stake
The promoter consolidates control ahead of a mandatory open offer at ₹12.65, while the stock trades at ₹44.78.
HDFC Life Insurance nearly exits Cera Sanitaryware
The insurer sold 150,000 shares on June 8, wiping out a stake that once stood at 3%. The exit is small by value but is a near-complete withdrawal.
Chintalapati buys 62% of Neelkanth for ₹6.07 cr, triggers open offer
Sesha Sai Nikhil Chintalapati is taking control of Neelkanth Rockminerals at ₹19.40 per share. The deal forces an open offer for up to 26% more from public holders.
Oriental Trimex posts lower revenue and profit for FY26
A nano-cap with a ₹47 crore market cap reported routine results, showing a slight revenue decline and a sharp drop in net profit after exceptional items faded.
Oriental Trimex files FY26 results. They change nothing.
A nano-cap's routine annual audit. Revenue of ₹24.62 crore, profit of ₹1.79 crore, and zero new information.
Asian Granito's standalone profit crashes 73% after Morbi shutdowns
US anti-dumping duties and a West Asia gas shortage crippled core operations. The consolidated profit grew, but only on subsidiary contributions.
Midwest Ltd. releases routine Q4 and FY26 financial results
The company filed its audited standalone and consolidated year-end figures alongside a change in its company secretary.
Midwest Ltd. trims quartz outlook as Sri Lanka project hits new delay
Management targets ₹2,000-2,100 cr in revenue within four years, but production hurdles in quartz and heavy minerals are slowing the near-term path.
Midwest Ltd reports FY26 results with mixed consolidated performance
Standalone revenue grew 14% while consolidated profit dropped 20% due to prior-year exceptional items. The results align with market expectations.
Ravileela Granites swings to ₹992.93 lakh profit after a loss year
The granite miner's full-year profit marks a sharp reversal from a ₹320.79 lakh loss. Q4 alone delivered ₹389.06 lakhs.
Restile Ceramics' auditor doubts its survival; net worth is negative ₹3,172 lakh
FY2026 results carry a qualified going-concern opinion. Net worth remains deeply negative, and management's only plan is a pending merger.
Mayur Floorings posts a ₹14.69 lakh profit after last year's ₹130 lakh loss
Revenue grew to ₹884 lakhs in FY2026 from ₹630 lakhs. A mandated annual filing for a nano-cap.
Global Surfaces' consolidated loss widens as auditor flags tariff and loan risks
Revenue rose to ₹233 cr but the consolidated loss deepened. The auditor's report flags four red flags, including a pending Dubai capitalization and a plant closure.
Global Surfaces loss widens as auditor flags Dubai loan conversion and tariff risk
The company’s net loss deepened to ₹31.84 crore even as revenue grew, with the auditor raising concerns on three fronts.
Elegant Marbles' profit slips. Its investment loss is seven times bigger.
Annual results were already out. The board meeting was a formality. The revaluation loss is the real number.
Elegant Marbles posts 20% revenue growth, but investment loss sinks net income
A ₹23.4 crore mark-to-market loss on investments turned the year's total income negative, overshadowing modest top-line growth.
Elegant Marbles annual profit slips to ₹3.35 cr
The board approved audited FY26 results alongside routine management reappointments.
Elegant Marbles' revenue up 20%, but a ₹23.42 cr investment loss sinks the year
A mark-to-market hit on its portfolio dwarfed a solid operational year, turning a ₹16.62 cr gain into a ₹20.61 cr loss.
Glittek Granites posts ₹39 lakh loss as revenue collapses to ₹4.68 lakhs
Annual results confirm near-zero operating business; market price of ~₹44.78 far above open offer of ₹12.65, pricing in a turnaround that financials don't support.