Asian Granito India Ltd
Incorporated in 1995, Asian Granito manufactures and trades Tiles, Marble and allied products[1]
- Market Cap ₹ 1,337 Cr.
- Current Price ₹ 45.1
- High / Low ₹ 79.1 / 42.5
- Stock P/E 103
- Book Value ₹ 51.4
- Dividend Yield 0.00 %
- ROCE 2.85 %
- ROE 1.27 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.88 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.89%
- 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
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: | -13% |
| 5 Years: | -15% |
| 3 Years: | -17% |
| 1 Year: | -29% |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exclusive Showrooms (AGL Franchise) Nos |
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| Export Revenue Share % of Total Revenue |
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| Installed Capacity Mn Sq.Mtr p.a. |
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| Capacity Utilization - Ceramic Tiles % |
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| Ceramic Tiles Production Volume Mn Sq.Mtr |
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| Marble & Quartz Production Volume Mn Sq.Mtr |
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| Retail Sales Share % of Total Revenue |
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| Sanitaryware Production Volume Mn pieces |
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Extracted by Screener AI
Documents
Announcements
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Staement Of Deviation
- Q2 FY27 deviation/variation statement for ₹440.96 crore rights issue funds; object-clause variation approved by shareholders.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- ICRA reports Q2 FY2027 rights-issue fund utilization; no material deviation, with delay in Ahmedabad display centre.
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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
- AGL Industries to sell 16% stake in Allomex Steel for Rs.16,000; company will cease being associate.
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Clarification On Movement In Volume.
- Asian Granito clarifies unusual volume is market-driven; no undisclosed material event exists.
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Clarification sought from Asian Granito India Ltd
- Exchange has sought clarification from Asian Granito India Ltd on October 13, 2026, with reference to Movement in Volume.
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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Nov 2025PPT
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Aug 2025PPT
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May 2025PPT
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Feb 2025PPT
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Dec 2024PPT
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Nov 2024PPT
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Aug 2024PPT
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May 2024PPT
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Jan 2024PPT
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Nov 2023PPT
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May 2023PPT
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Mar 2023PPT REC
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Nov 2022PPT
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Aug 2022PPT
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Nov 2021PPT
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Aug 2021PPT
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Nov 2020PPT
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Oct 2020PPT
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Aug 2020PPT
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Nov 2019PPT
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Aug 2019PPT
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Feb 2019PPT
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Feb 2019PPT
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Nov 2018PPT
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Aug 2018PPT
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May 2018PPT
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Nov 2017PPT
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Nov 2017PPT
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Aug 2017Transcript PPT
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Aug 2017PPT
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May 2017Transcript PPT
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Jan 2017Transcript
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Oct 2016PPT
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May 2016PPT
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Oct 2015PPT
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Sep 2015PPT
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.