Asi Industries Ltd

Asi Industries Ltd

₹ 23.7 -2.15%
25 May 12:03 p.m.
About

Incorporated in 1945, ASI Industries
Ltd does mining and processing of
natural stones[1]

Key Points

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.

  • Market Cap 213 Cr.
  • Current Price 23.7
  • High / Low 37.2 / 19.0
  • Stock P/E 9.40
  • Book Value 40.1
  • Dividend Yield 1.69 %
  • ROCE 9.02 %
  • ROE 6.35 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.59 times its book value

Cons

  • The company has delivered a poor sales growth of -2.90% 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.19.5 Cr.
  • Dividend payout has been low at 14.2% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
42.91 35.55 17.89 45.73 45.52 34.40 23.31 49.24 47.81 29.49 20.56 50.70 48.66
33.23 30.50 21.62 33.60 39.08 30.94 25.11 34.64 39.73 26.39 22.43 37.16 43.22
Operating Profit 9.68 5.05 -3.73 12.13 6.44 3.46 -1.80 14.60 8.08 3.10 -1.87 13.54 5.44
OPM % 22.56% 14.21% -20.85% 26.53% 14.15% 10.06% -7.72% 29.65% 16.90% 10.51% -9.10% 26.71% 11.18%
4.46 2.28 3.95 4.04 11.96 3.64 4.20 5.22 6.28 4.71 4.38 5.50 4.94
Interest 0.61 0.50 0.61 0.53 0.59 0.42 0.37 0.40 0.54 0.66 0.45 0.49 0.68
Depreciation 1.31 1.32 1.19 1.36 1.15 1.15 1.14 1.24 1.20 1.13 1.12 1.18 0.84
Profit before tax 12.22 5.51 -1.58 14.28 16.66 5.53 0.89 18.18 12.62 6.02 0.94 17.37 8.86
Tax % 14.81% 23.23% 3.80% 29.55% 25.09% 29.66% 42.70% 33.06% 29.56% 32.89% 13.83% 29.25% 37.47%
10.40 4.23 -1.64 10.06 12.47 3.88 0.50 12.18 8.89 4.04 0.81 12.30 5.54
EPS in Rs 1.15 0.47 -0.18 1.12 1.38 0.43 0.06 1.35 0.99 0.45 0.09 1.37 0.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
209 172 235 239 181 143 173 202 138 145 155 149
172 141 206 211 148 139 148 191 113 125 130 129
Operating Profit 37 31 29 29 33 5 25 11 24 20 24 20
OPM % 18% 18% 12% 12% 18% 3% 15% 5% 18% 14% 16% 14%
9 9 11 7 7 5 3 1 9 22 19 20
Interest 8 12 9 8 7 8 6 12 3 2 2 2
Depreciation 6 5 5 6 6 6 7 22 5 5 5 4
Profit before tax 31 23 26 22 27 -5 16 -22 25 35 37 33
Tax % 41% 38% 29% 33% 29% -33% 30% -34% 30% 28% 32% 32%
18 14 18 14 19 -3 11 -15 17 25 25 23
EPS in Rs 2.22 1.73 2.18 1.75 2.30 -0.37 1.22 -1.62 1.92 2.79 2.83 2.52
Dividend Payout % 11% 14% 14% 17% 13% 0% 0% 0% 10% 13% 14% 16%
Compounded Sales Growth
10 Years: -1%
5 Years: -3%
3 Years: 3%
TTM: -3%
Compounded Profit Growth
10 Years: 5%
5 Years: 15%
3 Years: 7%
TTM: -4%
Stock Price CAGR
10 Years: 5%
5 Years: -5%
3 Years: 19%
1 Year: -31%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7 7 8 8 8 9 9 9 9 9 9 9
Reserves 185 199 218 229 244 278 298 281 298 313 344 353
90 104 127 119 158 236 248 64 29 29 31 41
92 46 36 25 22 34 49 23 26 19 22 24
Total Liabilities 374 356 390 382 432 558 604 377 362 370 405 427
160 160 162 172 170 186 392 174 167 165 162 160
CWIP 0 2 0 0 12 193 6 0 1 3 3 10
Investments 2 28 38 36 35 55 70 86 60 85 101 110
212 165 189 173 215 124 136 117 134 116 140 147
Total Assets 374 356 390 382 432 558 604 377 362 370 405 427

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
46 -21 21 16 16 23 24 56 20 34 -3 16
-55 -11 -7 1 -44 -91 -26 137 19 -32 4 -19
14 36 -13 -19 28 67 6 -195 -37 -4 -3 4
Net Cash Flow 4 4 1 -2 0 -1 4 -2 2 -2 -2 1
Free Cash Flow 45 -28 19 -1 -52 -103 -3 255 18 30 -2 2
CFO/OP 141% -28% 98% 87% 74% 593% 116% 575% 109% 209% 28% 116%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 204 162 144 120 170 172 167 106 168 119 112 125
Inventory Days 50 74 41 69 175 155 168 114
Days Payable 265 185 31 2 6 26 55 27
Cash Conversion Cycle -11 50 154 187 339 300 281 193 168 119 112 125
Working Capital Days 89 56 59 60 50 -172 -121 96 171 135 157 220
ROCE % 15% 11% 10% 8% 9% 1% 4% -1% 9% 10% 10% 9%

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
Wind Power Generation
MWh
Annual Production of Kota Stone (Company Benchmark/Potential)
Million square meters
Engineered Stone Annual Capacity
Million square feet
Dubai Subsidiary Limestone Quarry & Stone Crusher Production (Annual Potential)
Million Tonnes

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.51% 72.51% 72.51% 72.51% 72.51% 72.90% 73.07% 73.07% 73.07% 73.07% 73.07% 73.07%
27.50% 27.49% 27.50% 27.49% 27.49% 27.09% 26.93% 26.92% 26.93% 26.92% 26.92% 26.92%
No. of Shareholders 5,4996,0127,89411,41811,41010,84612,01112,45112,23212,16911,98511,715

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