Asi Industries Ltd

About [ edit ]

ASI Industries is principally engaged in the stone mining. It is the Largest Stone Mining Company and the only Listed Player in the Industry.

  • Market Cap 313 Cr.
  • Current Price 34.8
  • High / Low 36.1 / 7.91
  • Stock P/E 16.9
  • Book Value 37.2
  • Dividend Yield 0.00 %
  • ROCE 7.00 %
  • ROE 10.7 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.94 times its book value

Cons

  • The company has delivered a poor sales growth of -0.12% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 9.51% for last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.19.16 Cr.
  • Dividend payout has been low at 8.00% of profits over last 3 years
  • Company has high debtors of 182.10 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
75.99 70.61 52.70 56.56 80.04 61.46 56.39 42.21 47.46 39.55 63.60 54.41
61.73 54.20 55.44 45.38 61.76 47.67 56.98 39.92 50.77 30.38 54.26 41.54
Operating Profit 14.26 16.41 -2.74 11.18 18.28 13.79 -0.59 2.29 -3.31 9.17 9.34 12.87
OPM % 18.77% 23.24% -5.20% 19.77% 22.84% 22.44% -1.05% 5.43% -6.97% 23.19% 14.69% 23.65%
Other Income 1.01 3.12 4.60 1.06 3.49 0.54 12.55 14.45 15.91 0.98 1.23 1.04
Interest 2.54 2.33 2.33 2.21 2.26 2.49 2.30 2.22 2.09 1.93 1.96 1.99
Depreciation 3.72 3.88 3.84 4.14 4.04 4.01 4.07 4.11 4.48 4.34 4.24 4.38
Profit before tax 9.01 13.32 -4.31 5.89 15.47 7.83 5.59 10.41 6.03 3.88 4.37 7.54
Tax % 29.19% 26.50% 31.55% 13.07% 32.06% 27.46% -39.36% -1.34% -22.55% 12.37% 43.02% 29.84%
Net Profit 6.39 9.78 -2.96 5.12 10.52 5.67 7.79 10.55 7.39 3.40 2.49 5.29
EPS in Rs 0.77 1.18 -0.36 0.62 1.27 0.68 0.94 1.27 0.89 0.41 0.28 0.59

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
131 209 197 308 314 260 208 205
104 173 159 256 267 217 195 177
Operating Profit 26 36 38 52 47 43 12 28
OPM % 20% 17% 19% 17% 15% 17% 6% 14%
Other Income 3 6 6 8 6 12 43 19
Interest 6 8 14 12 11 9 9 8
Depreciation 8 6 14 17 16 16 17 17
Profit before tax 16 27 17 31 26 30 30 22
Tax % 35% 47% 53% 24% 27% 26% -5%
Net Profit 10 14 8 24 19 22 31 19
EPS in Rs 1.21 1.74 0.94 2.84 2.32 2.71 3.79 2.17
Dividend Payout % 16% 14% 26% 11% 13% 11% 0%
Compounded Sales Growth
10 Years:%
5 Years:-0%
3 Years:-12%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:13%
TTM:-46%
Stock Price CAGR
10 Years:20%
5 Years:18%
3 Years:6%
1 Year:308%
Return on Equity
10 Years:%
5 Years:9%
3 Years:10%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
7 7 7 8 8 8 9 9
Reserves 170 181 188 212 228 248 322 326
Borrowings 43 102 177 191 187 226 301 266
23 98 56 54 49 57 71 96
Total Liabilities 243 387 427 465 472 539 703 697
167 191 269 261 278 274 291 281
CWIP 0 27 2 0 0 12 193 206
Investments 4 0 0 10 8 7 28 28
71 169 155 194 186 246 192 182
Total Assets 243 387 427 465 472 539 703 697

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3 43 -28 41 31 31 70
-3 -56 -63 -12 -22 -57 -125
-9 25 93 -25 -18 27 60
Net Cash Flow -9 13 2 4 -9 0 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 9% 10% 9% 9% 7%
Debtor Days 116 204 162 134 125 174 182
Inventory Turnover 7.24 3.18 5.69 4.70 2.37 2.05

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
70.41 70.41 70.43 70.43 70.43 70.43 70.43 70.43 70.43 72.51 72.51 72.51
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
29.59 29.59 29.57 29.57 29.57 29.57 29.56 29.57 29.57 27.49 27.49 27.49

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