Asian Granito India Ltd
₹ 50.3
-0.10%
11 Sep
- close price
About
Incorporated in 1995, Asian Granito manufactures and trades Tiles, Marble and allied products[1]
Key Points
- Market Cap ₹ 1,492 Cr.
- Current Price ₹ 50.3
- High / Low ₹ 79.1 / 42.5
- Stock P/E 115
- Book Value ₹ 51.4
- Dividend Yield 0.00 %
- ROCE 2.85 %
- ROE 1.27 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.98 times its book value
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 7.53% over past five years.
- Tax rate seems low
- Company has a low return on equity of 0.40% 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
Consumer Discretionary Consumer Durables Consumer Durables Ceramics
Part of BSE Consumer Discretionary
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 846 | 994 | 1,061 | 1,156 | 1,187 | 1,225 | 1,292 | 1,564 | 1,563 | 1,530 | 1,711 | 1,858 | 1,938 | |
| 786 | 903 | 934 | 1,017 | 1,099 | 1,107 | 1,156 | 1,444 | 1,635 | 1,480 | 1,623 | 1,764 | 1,844 | |
| Operating Profit | 60 | 91 | 127 | 139 | 88 | 118 | 136 | 120 | -73 | 50 | 88 | 94 | 94 |
| OPM % | 7% | 9% | 12% | 12% | 7% | 10% | 11% | 8% | -4.6% | 3.3% | 5% | 5% | 4.8% |
| 1 | 1 | 5 | 8 | 9 | 10 | 5 | 50 | 21 | 13 | 16 | 26 | 12 | |
| Interest | 23 | 29 | 41 | 39 | 37 | 40 | 35 | 26 | 27 | 31 | 37 | 35 | 33 |
| Depreciation | 19 | 28 | 24 | 25 | 27 | 31 | 29 | 30 | 34 | 47 | 66 | 64 | 61 |
| Profit before tax | 19 | 35 | 67 | 83 | 33 | 57 | 77 | 114 | -112 | -15 | 0 | 22 | 11 |
| Tax % | 30% | 32% | 28% | 31% | 30% | 19% | 25% | 19% | -23% | 33% | -2,255% | 14% | |
| 15 | 26 | 49 | 57 | 23 | 46 | 58 | 92 | -87 | -20 | 10 | 19 | 11 | |
| EPS in Rs | 1.77 | 2.91 | 4.05 | 4.74 | 1.88 | 3.79 | 4.52 | 7.26 | -5.74 | -0.97 | 0.71 | 0.70 | 0.77 |
| Dividend Payout % | 0% | 0% | 9% | 7% | 9% | 5% | 3% | 4% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -20% |
| 3 Years: | 31% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | -16% |
| 3 Years: | -7% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 296 | 296 |
| Reserves | 267 | 341 | 369 | 405 | 421 | 487 | 592 | 861 | 1,129 | 1,141 | 1,206 | 1,226 |
| 175 | 335 | 327 | 340 | 361 | 332 | 295 | 199 | 227 | 248 | 373 | 439 | |
| 186 | 251 | 334 | 416 | 469 | 410 | 447 | 412 | 439 | 391 | 540 | 510 | |
| Total Liabilities | 651 | 950 | 1,060 | 1,191 | 1,281 | 1,259 | 1,367 | 1,529 | 1,922 | 1,907 | 2,415 | 2,472 |
| 188 | 392 | 413 | 426 | 472 | 463 | 457 | 476 | 577 | 783 | 994 | 1,009 | |
| CWIP | 15 | 6 | 1 | 11 | 0 | 9 | 24 | 52 | 177 | 0 | 47 | 49 |
| Investments | 11 | 13 | 17 | 23 | 28 | 30 | 46 | 66 | 13 | 23 | 3 | 5 |
| 438 | 539 | 629 | 731 | 782 | 757 | 839 | 935 | 1,155 | 1,101 | 1,370 | 1,408 | |
| Total Assets | 651 | 950 | 1,060 | 1,191 | 1,281 | 1,259 | 1,367 | 1,529 | 1,922 | 1,907 | 2,415 | 2,472 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 21 | 63 | 94 | 88 | 56 | 46 | -7 | -49 | -82 | 60 | 94 | |
| -33 | -221 | -40 | -48 | -62 | -41 | -26 | -23 | -423 | 71 | -115 | -102 | |
| -76 | 203 | -22 | -42 | -16 | -40 | 10 | 98 | 408 | 8 | 46 | 28 | |
| Net Cash Flow | -4 | 3 | 1 | 5 | 9 | -24 | 30 | 67 | -64 | -4 | -9 | 21 |
| Free Cash Flow | 67 | -202 | 24 | 46 | 25 | 2 | 7 | -80 | -304 | -157 | -66 | -9 |
| CFO/OP | 182% | 29% | 57% | 80% | 112% | 60% | 44% | 6% | 53% | -156% | 75% | 107% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 71 | 72 | 103 | 127 | 123 | 112 | 119 | 109 | 97 | 97 | 117 | 109 |
| Inventory Days | 130 | 145 | 179 | 164 | 174 | 149 | 142 | 123 | 88 | 103 | 134 | 116 |
| Days Payable | 93 | 92 | 150 | 177 | 192 | 159 | 134 | 105 | 106 | 106 | 160 | 131 |
| Cash Conversion Cycle | 108 | 125 | 132 | 114 | 105 | 102 | 126 | 127 | 80 | 93 | 91 | 94 |
| Working Capital Days | 25 | 29 | 35 | 36 | 20 | 39 | 76 | 100 | 83 | 128 | 95 | 92 |
| ROCE % | 9% | 11% | 14% | 16% | 9% | 11% | 12% | 10% | -6% | 1% | 2% | 3% |
Insights
In beta| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exclusive Showrooms (AGL Franchise) Nos |
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| Export Revenue Share % of Total Revenue |
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| Capacity Utilization - Ceramic Tiles % |
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| Installed Capacity Mn Sq.Mtr p.a. |
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| Ceramic Tiles Production Volume Mn Sq.Mtr |
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| Retail Sales Share % of Total Revenue |
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| Marble & Quartz Production Volume Mn Sq.Mtr |
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| Sanitaryware Production Volume Mn pieces |
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Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 31st AGM voting results approved financials, director reappointment, and two managing director reappointments on 9 September 2026.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Asian Granito held its 31st AGM on 9 September 2026; approved financials and director reappointments.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement in respect of AGM and e-voting procedure.
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Announcement Under Regulation 30 SEBI (Listing Obligations And Disclosure) Requirements, 2015.
- 31st AGM scheduled for 9 September 2026; annual report sent to shareholders.
Annual reports
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Annual Report 2026
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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
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Annual Report 2012
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Concalls
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Feb 2026Transcript PPT
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Oct 2015TranscriptAI SummaryPPT
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Sep 2015TranscriptAI SummaryPPT
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.