Asi Industries Ltd
ASI Industries Ltd, incorporated in 1945 and formerly Associated Stone Industries (Kotah), mines and processes natural stone, mainly
Kota limestone, at Ramganjmandi, Rajasthan.[1]
- Market Cap ₹ 199 Cr.
- Current Price ₹ 22.1
- High / Low ₹ 33.6 / 19.0
- Stock P/E
- Book Value ₹ 32.3
- Dividend Yield 1.81 %
- ROCE -8.69 %
- ROE -15.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.68 times its book value
- Debtor days have improved from 163 to 119 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.00% over past five years.
- Company has a low return on equity of -0.72% over last 3 years.
- Company's cost of borrowing seems high
- Working capital days have increased from -32.9 days to 72.2 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 209 | 197 | 308 | 314 | 260 | 208 | 227 | 238 | 161 | |
| 104 | 173 | 159 | 256 | 267 | 217 | 195 | 190 | 246 | 207 | |
| Operating Profit | 26 | 36 | 38 | 52 | 47 | 43 | 12 | 37 | -8 | -47 |
| OPM % | 20% | 17% | 19% | 17% | 15% | 17% | 6% | 16% | -3.6% | -29% |
| 3 | 6 | 6 | 8 | 6 | 12 | 43 | 4 | 1 | 8 | |
| Interest | 6 | 8 | 14 | 12 | 11 | 9 | 9 | 7 | 12 | 4 |
| Depreciation | 8 | 6 | 14 | 17 | 16 | 16 | 17 | 17 | 44 | 27 |
| Profit before tax | 16 | 27 | 17 | 31 | 26 | 30 | 30 | 17 | -63 | -70 |
| Tax % | 35% | 47% | 53% | 24% | 27% | 26% | -5% | 28% | -12% | |
| 10 | 14 | 8 | 24 | 19 | 22 | 31 | 12 | -56 | -66 | |
| EPS in Rs | 1.21 | 1.74 | 0.94 | 2.84 | 2.32 | 2.71 | 3.79 | 1.32 | -6.21 | -7.30 |
| Dividend Payout % | 16% | 14% | 26% | 11% | 13% | 11% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -3% |
| TTM: | -36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -7367% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 8% |
| 3 Years: | 5% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -1% |
| Last Year: | -16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 9 |
| Reserves | 170 | 181 | 188 | 212 | 228 | 248 | 322 | 340 | 283 | 282 |
| 43 | 102 | 177 | 191 | 187 | 226 | 301 | 303 | 109 | 27 | |
| 23 | 98 | 56 | 54 | 49 | 57 | 71 | 82 | 53 | 29 | |
| Total Liabilities | 243 | 387 | 427 | 465 | 472 | 539 | 703 | 734 | 455 | 347 |
| 167 | 191 | 269 | 261 | 278 | 274 | 291 | 485 | 224 | 168 | |
| CWIP | 0 | 27 | 2 | 0 | 0 | 12 | 193 | 6 | 0 | 0 |
| Investments | 4 | 0 | 0 | 10 | 8 | 7 | 28 | 43 | 87 | 42 |
| 71 | 169 | 155 | 194 | 186 | 246 | 192 | 201 | 144 | 137 | |
| Total Assets | 243 | 387 | 427 | 465 | 472 | 539 | 703 | 734 | 455 | 347 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| 3 | 43 | -28 | 41 | 31 | 31 | 70 | 30 | 60 | |
| -3 | -56 | -63 | -12 | -22 | -57 | -125 | -29 | 142 | |
| -9 | 25 | 93 | -25 | -18 | 27 | 60 | -4 | -204 | |
| Net Cash Flow | -9 | 13 | 2 | 4 | -9 | 0 | 5 | -2 | -2 |
| Free Cash Flow | 2 | -18 | -93 | 38 | -3 | -45 | -56 | 0 | 261 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 34% | 136% | -42% | 95% | 84% | 89% | 612% | 94% | -784% |
Ratios
Consolidated / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116 | 204 | 162 | 134 | 125 | 174 | 182 | 188 | 119 |
| Inventory Days | 214 | 74 | 206 | 88 | 124 | 356 | 322 | 352 | 148 |
| Days Payable | 0 | 265 | 228 | 40 | 16 | 57 | 50 | 85 | 48 |
| Cash Conversion Cycle | 330 | 12 | 139 | 183 | 232 | 473 | 454 | 456 | 219 |
| Working Capital Days | 41 | -15 | 56 | 54 | 52 | 47 | -106 | -65 | 72 |
| ROCE % | 13% | 9% | 10% | 9% | 9% | 7% | 4% | -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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent employees count ・Standalone data |
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| Kota stone production million sq m ・Standalone data |
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| Quarry / mine lease area sq km ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
- ASI Industries acquired 5,00,000 Lloyds Enterprises shares for Rs.3.25 crore, raising holding to 10,00,000 shares.
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Announcement under Regulation 30 (LODR)-Acquisition
- ASI Industries acquired 5 lakh Lloyds Engineering shares for Rs4.48 crore, raising holding to 10 lakh shares.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
- On 16 Oct 2026, sold 30,00,000 PC Jeweller shares, exiting holding.
-
Announcement under Regulation 30 (LODR)-Acquisition
- ASI Industries acquired 30,00,000 PC Jeweller shares for Rs.4.34 crore on 15 October 2026.
-
Announcement under Regulation 30 (LODR)-Acquisition
- ASI Industries acquired Lloyds Enterprises shares for Rs 3.03 crore, raising holding to 0.033% on 9 October 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Concalls
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May 2019PPT
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. The company also generates wind power, and trades in steel coils and fabrics.