Asi Industries Ltd
Incorporated in 1945, ASI Industries
Ltd does mining and processing of
natural stones[1]
- Market Cap ₹ 221 Cr.
- Current Price ₹ 24.5
- High / Low ₹ 39.9 / 23.2
- Stock P/E 8.49
- Book Value ₹ 38.9
- Dividend Yield 1.63 %
- ROCE 9.88 %
- ROE 7.01 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.63 times its book value
- Company has delivered good profit growth of 57.4% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 1.53% over past five years.
- Company has a low return on equity of 6.92% over last 3 years.
- Earnings include an other income of Rs.20.9 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Minerals & Mining Industrial Minerals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 209 | 172 | 235 | 239 | 181 | 143 | 173 | 202 | 138 | 145 | 155 | 149 | |
| 104 | 172 | 141 | 206 | 211 | 148 | 139 | 148 | 191 | 113 | 125 | 130 | 126 | |
| Operating Profit | 26 | 37 | 31 | 29 | 29 | 33 | 5 | 25 | 11 | 24 | 20 | 24 | 23 |
| OPM % | 20% | 18% | 18% | 12% | 12% | 18% | 3% | 15% | 5% | 18% | 14% | 16% | 15% |
| 3 | 9 | 9 | 11 | 7 | 7 | 5 | 3 | 1 | 9 | 22 | 19 | 21 | |
| Interest | 6 | 8 | 12 | 9 | 8 | 7 | 8 | 6 | 12 | 3 | 2 | 2 | 2 |
| Depreciation | 8 | 6 | 5 | 5 | 6 | 6 | 6 | 7 | 22 | 5 | 5 | 5 | 5 |
| Profit before tax | 16 | 31 | 23 | 26 | 22 | 27 | -5 | 16 | -22 | 25 | 35 | 37 | 37 |
| Tax % | 35% | 41% | 38% | 29% | 33% | 29% | -33% | 30% | -34% | 30% | 28% | 32% | |
| 10 | 18 | 14 | 18 | 14 | 19 | -3 | 11 | -15 | 17 | 25 | 25 | 26 | |
| EPS in Rs | 1.21 | 2.22 | 1.73 | 2.18 | 1.75 | 2.30 | -0.37 | 1.22 | -1.62 | 1.92 | 2.79 | 2.83 | 2.90 |
| Dividend Payout % | 16% | 11% | 14% | 14% | 17% | 13% | 0% | 0% | 0% | 10% | 13% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 2% |
| 3 Years: | -8% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 57% |
| 3 Years: | 62% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 28% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 170 | 185 | 199 | 218 | 229 | 244 | 278 | 298 | 281 | 298 | 313 | 344 | 341 |
| 43 | 90 | 104 | 127 | 119 | 158 | 236 | 248 | 64 | 29 | 29 | 31 | 15 | |
| 23 | 92 | 46 | 36 | 25 | 22 | 34 | 49 | 23 | 26 | 19 | 22 | 31 | |
| Total Liabilities | 243 | 374 | 356 | 390 | 382 | 432 | 558 | 604 | 377 | 362 | 370 | 405 | 396 |
| 167 | 160 | 160 | 162 | 172 | 170 | 186 | 392 | 174 | 167 | 165 | 162 | 157 | |
| CWIP | 0 | 0 | 2 | 0 | 0 | 12 | 193 | 6 | 0 | 1 | 3 | 3 | 2 |
| Investments | 4 | 2 | 28 | 38 | 36 | 35 | 55 | 70 | 86 | 60 | 85 | 101 | 100 |
| 71 | 212 | 165 | 189 | 173 | 215 | 124 | 136 | 117 | 134 | 116 | 140 | 137 | |
| Total Assets | 243 | 374 | 356 | 390 | 382 | 432 | 558 | 604 | 377 | 362 | 370 | 405 | 396 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 46 | -21 | 21 | 16 | 16 | 23 | 24 | 56 | 20 | 34 | -3 | |
| -3 | -55 | -11 | -7 | 1 | -44 | -91 | -26 | 137 | 19 | -32 | 4 | |
| -9 | 14 | 36 | -13 | -19 | 28 | 67 | 6 | -195 | -37 | -4 | -3 | |
| Net Cash Flow | -9 | 4 | 4 | 1 | -2 | 0 | -1 | 4 | -2 | 2 | -2 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116 | 204 | 162 | 144 | 120 | 170 | 172 | 167 | 106 | 168 | 119 | 112 |
| Inventory Days | 214 | 50 | 74 | 41 | 69 | 175 | 155 | 168 | 114 | |||
| Days Payable | 0 | 265 | 185 | 31 | 2 | 6 | 26 | 55 | 27 | |||
| Cash Conversion Cycle | 330 | -11 | 50 | 154 | 187 | 339 | 300 | 281 | 193 | 168 | 119 | 112 |
| Working Capital Days | 41 | 89 | 56 | 59 | 60 | 50 | -172 | -121 | 96 | 171 | 135 | 157 |
| ROCE % | 9% | 15% | 11% | 10% | 8% | 9% | 1% | 4% | -1% | 9% | 10% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Count |
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| Installed Wind Power Capacity MW |
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| Wind Power Generation MWh |
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| Annual Production of Kota Stone (Company Benchmark/Potential) Million square meters |
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| Engineered Stone Annual Capacity Million square feet |
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| Dubai Subsidiary Limestone Quarry & Stone Crusher Production (Annual Potential) Million Tonnes |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Acquisition
4m - Acquired 30,000 Lloyds Metals shares (0.006%) for Rs.3.38 Crore on 16/03/2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
24h - Newspaper publication of notice of special window for re-lodgement of transfer requests of physical shares
-
Announcement under Regulation 30 (LODR)-Change in Directorate
6 Mar - Mr Rajaram G. Agarwal appointed as Independent Director effective 07 Jan 2026 for five years.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 6 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Mar
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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May 2019TranscriptAI SummaryPPT
Business Overview:[1][2]
ASI is the world’s largest stone mining company, holding the largest stone mining quarry in the world. It is the only listed company in India supplying high quality Kotah stone products to industries such as real estate, construction and infrastructure. Company also generates wind power, and trades in steel coils and fabrics.