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 85.6
  • Book Value 51.4
  • Dividend Yield 0.00 %
  • ROCE 3.12 %
  • ROE 1.44 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.17 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 7.53% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 0.92% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
456 335 401 371 424 360 384 366 515 388 407 462 538
500 325 381 370 404 344 369 353 500 363 370 417 559
Operating Profit -44 10 20 2 20 16 15 13 15 25 37 45 -21
OPM % -10% 3% 5% 0% 5% 4% 4% 4% 3% 6% 9% 10% -4%
3 6 1 1 4 1 1 1 9 5 3 3 4
Interest 10 8 7 5 11 7 6 7 11 7 7 8 9
Depreciation 9 10 12 12 13 14 13 14 17 14 13 16 16
Profit before tax -60 -2 2 -14 0 -4 -3 -7 -4 9 20 24 -43
Tax % -20% 50% 259% -44% 3,282% -63% -244% -46% 13% 19% 15% 22% -23%
-48 -4 -3 -8 -5 -2 5 -4 -5 7 17 19 -33
EPS in Rs -3.53 -0.19 -0.10 -0.49 -0.19 -0.15 0.51 -0.31 -0.26 0.51 0.70 0.88 -1.08
Raw PDF

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
846 994 1,061 1,156 1,187 1,225 1,292 1,564 1,563 1,530 1,559 1,858
786 903 934 1,017 1,099 1,107 1,156 1,444 1,635 1,480 1,487 1,754
Operating Profit 60 91 127 139 88 118 136 120 -73 50 72 104
OPM % 7% 9% 12% 12% 7% 10% 11% 8% -5% 3% 5% 6%
1 1 5 8 9 10 5 50 21 13 13 17
Interest 23 29 41 39 37 40 35 26 27 31 26 35
Depreciation 19 28 24 25 27 31 29 30 34 47 51 64
Profit before tax 19 35 67 83 33 57 77 114 -112 -15 8 22
Tax % 30% 32% 28% 31% 30% 19% 25% 19% -23% 33% -165% 14%
15 26 49 57 23 46 58 92 -87 -20 21 19
EPS in Rs 1.77 2.91 4.05 4.74 1.88 3.79 4.52 7.26 -5.74 -0.97 1.87 0.70
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: 19%
Compounded Profit Growth
10 Years: -2%
5 Years: -18%
3 Years: 32%
TTM: -25%
Stock Price CAGR
10 Years: -5%
5 Years: -12%
3 Years: 9%
1 Year: 4%
Return on Equity
10 Years: 3%
5 Years: 0%
3 Years: 1%
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 57 127 127 147 296
Reserves 267 341 369 405 421 487 592 861 1,129 1,141 1,221 1,226
175 335 327 340 361 332 295 199 227 248 272 439
186 251 334 416 469 410 447 412 439 391 458 510
Total Liabilities 651 950 1,060 1,191 1,281 1,259 1,367 1,529 1,922 1,907 2,098 2,472
188 392 413 426 472 463 457 476 577 783 749 1,009
CWIP 15 6 1 11 0 9 24 52 177 0 36 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 1,309 1,408
Total Assets 651 950 1,060 1,191 1,281 1,259 1,367 1,529 1,922 1,907 2,098 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 81
-33 -221 -40 -48 -62 -41 -26 -23 -423 71 -162
-76 203 -22 -42 -16 -40 10 98 408 8 72
Net Cash Flow -4 3 1 5 9 -24 30 67 -64 -4 -8
Free Cash Flow 67 -202 24 46 25 2 7 -80 -304 -157 -92
CFO/OP 182% 29% 57% 80% 112% 60% 44% 6% 53% -156% 122%

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 97 119 109
Inventory Days 130 145 179 164 174 149 142 123 88 103 111 111
Days Payable 93 92 150 177 192 159 134 105 106 106 139 126
Cash Conversion Cycle 108 125 132 114 105 102 126 127 80 93 91 94
Working Capital Days 25 29 35 36 20 37 76 100 83 128 105 92
ROCE % 9% 11% 14% 16% 9% 11% 12% 10% -6% 1% 2% 3%

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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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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