Asian Granito India Ltd

₹ 48.0 -3.48%

01 Oct - close price

aglasiangranito.com BSE: 532888 NSE: ASIANTILES

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.

Website BSE NSE

Market Cap ₹ 1,422 Cr.
Current Price ₹ 48.0
High / Low ₹ 79.1 / 42.5
Stock P/E 109
Book Value ₹ 51.4
Dividend Yield 0.00 %
ROCE 2.85 %
ROE 1.27 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.93 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	334.80	400.93	371.23	423.63	360.08	383.68	366.09	514.77	388.24	406.92	461.66	538.50	530.95
	325.16	380.98	369.73	403.74	344.35	369.08	352.93	499.51	363.34	370.28	416.75	559.38	498.08
Operating Profit	9.64	19.95	1.50	19.89	15.73	14.60	13.16	15.26	24.90	36.64	44.91	-20.88	32.87
OPM %	2.88%	4.98%	0.40%	4.70%	4.37%	3.81%	3.59%	2.96%	6.41%	9.00%	9.73%	-3.88%	6.19%
	5.51	1.20	1.28	4.43	0.89	1.03	0.76	8.58	4.80	3.34	3.48	3.95	1.45
Interest	7.81	7.13	5.18	11.22	7.02	6.22	7.06	11.41	7.18	7.08	8.50	9.25	8.54
Depreciation	9.71	12.26	12.10	12.93	14.08	12.69	14.33	16.73	13.63	13.23	15.51	16.35	15.97
Profit before tax	-2.37	1.76	-14.50	0.17	-4.48	-3.28	-7.47	-4.30	8.89	19.67	24.38	-42.53	9.81
Tax %	49.79%	259.09%	-44.21%	3,282.35%	-63.39%	-243.90%	-45.52%	13.49%	18.56%	15.00%	22.23%	-23.21%	17.74%
	-3.54	-2.80	-8.10	-5.47	-1.67	4.69	-4.09	-4.87	7.24	16.71	18.96	-32.67	8.07
EPS in Rs	-0.19	-0.10	-0.49	-0.19	-0.15	0.51	-0.31	-0.26	0.51	0.70	0.88	-1.08	0.27
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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:	-12%
5 Years:	-18%
3 Years:	-9%
1 Year:	-18%

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 / 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

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Mar 2025

Exclusive Showrooms (AGL Franchise)
Nos

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xx	xx			xx	xx						xx
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Export Revenue Share
% of Total Revenue

Capacity Utilization - Ceramic Tiles
%

Installed Capacity
Mn Sq.Mtr p.a.

Ceramic Tiles Production Volume
Mn Sq.Mtr

Retail Sales Share
% of Total Revenue

Marble & Quartz Production Volume
Mn Sq.Mtr

Sanitaryware Production Volume
Mn pieces

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

70 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	29.02%	29.02%	29.02%	29.02%	29.02%	33.52%	33.52%	33.52%	33.46%	33.72%	38.79%	38.79%
	1.07%	0.97%	1.36%	2.71%	2.23%	1.59%	1.93%	1.43%	1.10%	1.73%	1.05%	1.37%
	0.00%	0.00%	0.00%	0.39%	0.26%	0.22%	0.22%	0.22%	0.14%	0.17%	0.13%	0.14%
	69.91%	70.01%	69.62%	67.88%	68.49%	64.66%	64.33%	64.83%	65.30%	64.39%	60.03%	59.69%
No. of Shareholders	88,427	86,559	88,171	82,396	88,868	90,727	88,993	87,652	84,950	80,427	77,037	77,330

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	33.10%	32.53%	33.12%	33.72%	37.98%	29.00%	29.02%	29.02%	33.52%	38.79%	38.79%
	3.02%	6.39%	0.11%	0.03%	1.04%	0.56%	1.57%	1.36%	1.93%	1.05%	1.37%
	2.00%	7.44%	9.12%	11.09%	2.14%	0.00%	0.00%	0.00%	0.22%	0.13%	0.14%
	61.88%	53.64%	57.66%	55.16%	58.84%	70.45%	69.42%	69.62%	64.33%	60.03%	59.69%
No. of Shareholders	8,334	26,223	23,840	18,460	29,137	75,704	89,936	88,171	88,993	77,037	77,330

* 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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