Asian Granito India Ltd

Asian Granito India Ltd

₹ 60.2 -0.23%
04 Jun - close price
About

Incorporated in 1995, Asian Granito manufactures and trades Tiles, Marble and allied products[1]

Key Points

Product Portfolio[1][2]
a) Ceramic and Vitrified Tiles:
Floor tiles, wall tiles, parking tiles, glazed vitrified tiles (GVT), polished vitrified tiles (PVT), double charge tiles, tuff guard floor, digital wall tiles, large format slabs (including 1200x1800 mm, 1200x2400 mm), specialty/niche tiles (full body, solar reflective, step & riser, hardstone, Grestek, Slimgres).
b) Marble and Quartz Surfaces:[2]
Engineered marble, multi-colored and imported marbles, onyx, multi-colored quartz, EStone quartz; strong presence in premium scratch-resistant, low porosity surfaces—used in residential, institutional, and hospitality applications.
c) Sanitaryware & Bathware:[1]
Water closets, basins, urinals, cisterns, seat covers, faucets, bathroom accessories, showers, CP fittings, all produced in-house since Oct 2023.
d) Other Offerings:[2]
Countertops, construction chemicals.

  • Market Cap 1,786 Cr.
  • Current Price 60.2
  • High / Low 79.1 / 55.0
  • Stock P/E 553
  • Book Value 50.8
  • Dividend Yield 0.00 %
  • ROCE 1.08 %
  • ROE 0.22 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.18 times its book value
  • Promoter holding has increased by 5.07% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.11% over past five years.
  • Company has a low return on equity of 1.50% over last 3 years.
  • Working capital days have increased from 157 days to 226 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.

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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
399 293 341 320 351 242 323 258 340 260 272 268 295
442 289 329 315 343 239 318 260 334 252 262 261 294
Operating Profit -44 4 12 5 8 3 5 -2 5 8 10 8 1
OPM % -11% 1% 4% 2% 2% 1% 1% -1% 2% 3% 4% 3% 0%
8 12 8 10 12 5 6 6 6 6 6 5 -14
Interest 2 3 3 2 3 2 2 2 3 3 3 3 4
Depreciation 5 5 5 5 5 4 5 4 4 4 2 3 3
Profit before tax -42 8 13 8 12 3 3 -2 5 7 11 7 -21
Tax % -23% 25% 36% 22% 22% 20% 29% -171% -121% 29% 28% 35% -32%
-32 6 8 6 9 2 2 1 10 5 8 4 -14
EPS in Rs -2.54 0.44 0.67 0.51 0.71 0.16 0.17 0.08 0.68 0.36 0.34 0.19 -0.48
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
823 873 946 1,005 1,005 1,013 1,036 1,349 1,354 1,305 1,280 1,095
763 803 865 920 961 945 938 1,267 1,396 1,277 1,254 1,068
Operating Profit 60 70 81 84 44 68 98 82 -43 28 26 27
OPM % 7% 8% 9% 8% 4% 7% 9% 6% -3% 2% 2% 2%
1 1 6 5 3 7 3 50 35 44 27 3
Interest 22 24 24 21 18 20 17 7 9 11 10 13
Depreciation 19 21 16 17 17 18 18 18 19 20 19 12
Profit before tax 20 26 47 51 12 37 66 108 -36 41 24 4
Tax % 28% 27% 32% 35% 39% 20% 25% 18% -26% 27% -15% 20%
14 19 32 33 7 30 49 88 -26 30 27 3
EPS in Rs 1.74 2.27 2.85 2.97 0.66 2.66 3.91 6.94 -2.08 2.33 1.85 0.11
Dividend Payout % 0% 0% 12% 12% 25% 7% 3% 5% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 1%
3 Years: -7%
TTM: -14%
Compounded Profit Growth
10 Years: -16%
5 Years: -42%
3 Years: 29%
TTM: -88%
Stock Price CAGR
10 Years: -5%
5 Years: -12%
3 Years: 9%
1 Year: 4%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 0%

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 23 23 30 30 30 30 34 57 127 127 147 296
Reserves 272 309 318 348 350 398 495 780 1,094 1,148 1,228 1,211
175 176 154 158 162 176 112 14 79 67 136 167
180 197 276 321 359 298 304 262 307 301 345 323
Total Liabilities 650 704 778 857 902 903 945 1,113 1,607 1,643 1,855 1,998
188 224 232 228 231 246 236 240 248 239 231 192
CWIP 15 1 1 1 0 1 0 1 0 0 31 0
Investments 18 35 34 48 54 37 47 107 76 344 329 483
429 444 512 579 616 619 663 765 1,283 1,060 1,263 1,323
Total Assets 650 704 778 857 902 903 945 1,113 1,607 1,643 1,855 1,998

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
106 63 71 42 50 -23 56 -26 -54 -28 12
-34 -60 -23 -17 -21 -0 -10 -43 -450 38 -164
-76 -4 -47 -21 -19 -0 -28 111 462 -3 130
Net Cash Flow -4 -1 -0 4 10 -23 18 43 -43 7 -21
Free Cash Flow 68 20 45 28 30 -43 48 -44 -76 -34 -86
CFO/OP 181% 96% 98% 67% 124% -18% 70% -15% 107% -84% 58%

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 70 74 97 116 120 121 123 110 108 105 121 126
Inventory Days 133 123 122 118 121 109 114 81 56 48 42 24
Days Payable 93 97 140 150 166 130 122 70 89 86 99 102
Cash Conversion Cycle 110 100 79 84 76 99 116 120 75 68 65 48
Working Capital Days 23 29 27 42 29 56 85 117 104 128 116 226
ROCE % 9% 10% 14% 14% 6% 10% 13% 10% -2% 4% 2% 1%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Numbers

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Installed Capacity
Mn Sq. Mtrs.
Number of Dealers and Sub-dealers
Numbers
Capacity Utilization (Tiles)
%
Total Production Volume
Mn Sq. Mtrs.

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

15 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
29.02% 29.02% 29.02% 29.02% 29.02% 29.02% 33.52% 33.52% 33.52% 33.46% 33.72% 38.79%
1.20% 1.07% 0.97% 1.36% 2.71% 2.23% 1.59% 1.93% 1.43% 1.10% 1.73% 1.05%
0.00% 0.00% 0.00% 0.00% 0.39% 0.26% 0.22% 0.22% 0.22% 0.14% 0.17% 0.13%
69.79% 69.91% 70.01% 69.62% 67.88% 68.49% 64.66% 64.33% 64.83% 65.30% 64.39% 60.03%
No. of Shareholders 91,43788,42786,55988,17182,39688,86890,72788,99387,65284,95080,42777,037

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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