Asi Industries Ltd

₹ 25.7 3.25%

25 Aug - close price

asigroup.co.in BSE: 502015

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.

Website BSE

Market Cap ₹ 232 Cr.
Current Price ₹ 25.7
High / Low ₹ 36.9 / 19.0
Stock P/E 9.23
Book Value ₹ 40.1
Dividend Yield 1.56 %
ROCE 9.02 %
ROE 6.35 %
Face Value ₹ 1.00

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Pros

Stock is trading at 0.64 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.19.3 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.

Peer comparison

Commodities Metals & Mining Minerals & Mining Industrial Minerals

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	35.55	17.89	45.73	45.52	34.40	23.31	49.24	47.81	29.49	20.56	50.70	48.66	39.53
	30.50	21.62	33.60	39.08	30.94	25.11	34.64	39.73	26.39	22.43	37.16	43.22	34.19
Operating Profit	5.05	-3.73	12.13	6.44	3.46	-1.80	14.60	8.08	3.10	-1.87	13.54	5.44	5.34
OPM %	14.21%	-20.85%	26.53%	14.15%	10.06%	-7.72%	29.65%	16.90%	10.51%	-9.10%	26.71%	11.18%	13.51%
	2.28	3.95	4.04	11.96	3.64	4.20	5.22	6.28	4.71	4.38	5.50	4.94	4.47
Interest	0.50	0.61	0.53	0.59	0.42	0.37	0.40	0.54	0.66	0.45	0.49	0.68	0.34
Depreciation	1.32	1.19	1.36	1.15	1.15	1.14	1.24	1.20	1.13	1.12	1.18	0.84	1.11
Profit before tax	5.51	-1.58	14.28	16.66	5.53	0.89	18.18	12.62	6.02	0.94	17.37	8.86	8.36
Tax %	23.23%	3.80%	29.55%	25.09%	29.66%	42.70%	33.06%	29.56%	32.89%	13.83%	29.25%	37.47%	22.85%
	4.23	-1.64	10.06	12.47	3.88	0.50	12.18	8.89	4.04	0.81	12.30	5.54	6.45
EPS in Rs	0.47	-0.18	1.12	1.38	0.43	0.06	1.35	0.99	0.45	0.09	1.37	0.62	0.72
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	TTM
	209	172	235	239	181	143	173	202	138	145	155	149	159
	172	141	206	211	148	139	148	191	113	125	130	129	137
Operating Profit	37	31	29	29	33	5	25	11	24	20	24	20	22
OPM %	18%	18%	12%	12%	18%	3.2%	15%	5%	18%	14%	16%	14%	14%
	9	9	11	7	7	5	3	1	9	22	19	20	19
Interest	8	12	9	8	7	8	6	12	3	2	2	2	2
Depreciation	6	5	5	6	6	6	7	22	5	5	5	4	4
Profit before tax	31	23	26	22	27	-5	16	-22	25	35	37	33	36
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	25
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	2.80
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:	6%

Compounded Profit Growth
10 Years:	5%
5 Years:	15%
3 Years:	7%
TTM:	-2%

Stock Price CAGR
10 Years:	4%
5 Years:	11%
3 Years:	16%
1 Year:	-15%

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

Permanent employees
count

	x,xxx	x,xxx	x,xxx	x,xxx	xxx	xxx	xxx	xxx	xxx	xxx
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		x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
			xx	xx	xx	xx

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Stone segment share of revenue
%

Wind power installed capacity
MW

Kota stone production
million sq m

Wind power generation
MWh

Quarry / mine lease area
sq km

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.51%	72.51%	72.51%	72.51%	72.90%	73.07%	73.07%	73.07%	73.07%	73.07%	73.07%	73.07%
	27.49%	27.50%	27.49%	27.49%	27.09%	26.93%	26.92%	26.93%	26.92%	26.92%	26.92%	26.92%
No. of Shareholders	6,012	7,894	11,418	11,410	10,846	12,011	12,451	12,232	12,169	11,985	11,715	11,541

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	70.40%	70.40%	70.43%	70.43%	72.51%	72.51%	72.51%	72.51%	73.07%	73.07%	73.07%
	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	29.50%	29.60%	29.57%	29.57%	27.49%	27.49%	27.49%	27.49%	26.92%	26.92%	26.92%
No. of Shareholders	6,096	7,269	6,372	5,959	5,455	5,670	5,451	11,418	12,451	11,715	11,541

Asi Industries Ltd

Asi Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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