Asi Industries Ltd

Asi Industries Ltd

₹ 26.4 -1.97%
18 Apr - close price
About

Incorporated in 1945, ASI Industries
Ltd does mining and processing of
natural stones[1]

Key Points

Business Overview:[1][2]
ASI is the world’s largest stone mining company, holding the largest stone mining quarry in the world. It is the only listed company in India supplying high quality Kotah stone products to industries such as real estate, construction and infrastructure. Company also generates wind power, and trades in steel coils and fabrics.

  • Market Cap 238 Cr.
  • Current Price 26.4
  • High / Low 40.8 / 11.0
  • Stock P/E 10.3
  • Book Value 34.1
  • Dividend Yield 0.76 %
  • ROCE 8.56 %
  • ROE 6.23 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.77 times its book value

Cons

  • The company has delivered a poor sales growth of -10.5% over past five years.
  • Company has a low return on equity of 2.16% over last 3 years.
  • Earnings include an other income of Rs.14.7 Cr.
  • Company has high debtors of 168 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
39 55 54 49 53 46 35 15 44 43 36 18 46
29 53 41 45 43 66 32 19 32 33 30 22 34
Operating Profit 10 2 13 4 9 -20 3 -4 13 10 5 -4 12
OPM % 26% 4% 24% 9% 18% -44% 10% -23% 28% 23% 14% -21% 27%
1 1 1 1 3 1 2 2 3 4 2 4 4
Interest 2 1 5 3 2 2 1 1 1 1 0 1 1
Depreciation 2 2 6 6 6 3 1 1 1 1 1 1 1
Profit before tax 7 1 2 -4 4 -24 3 -4 13 12 6 -2 14
Tax % 31% 10% 34% 21% 57% 39% 28% 5% 38% 15% 23% -4% 30%
5 1 1 -3 2 -15 2 -4 8 10 4 -2 10
EPS in Rs 0.55 0.07 0.16 -0.33 0.18 -1.63 0.24 -0.39 0.92 1.15 0.47 -0.18 1.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
170 175 131 209 172 235 239 181 143 173 202 138 142
144 142 104 172 141 206 211 148 139 148 191 113 119
Operating Profit 25 33 26 37 31 29 29 33 5 25 11 24 23
OPM % 15% 19% 20% 18% 18% 12% 12% 18% 3% 15% 5% 18% 16%
1 2 3 9 9 11 7 7 5 3 1 9 15
Interest 6 7 6 8 12 9 8 7 8 6 12 3 2
Depreciation 6 8 8 6 5 5 6 6 6 7 22 5 5
Profit before tax 15 19 16 31 23 26 22 27 -5 16 -22 25 30
Tax % 35% 33% 35% 41% 38% 29% 33% 29% 33% 30% 34% 30%
9 13 10 18 14 18 14 19 -3 11 -15 17 23
EPS in Rs 1.14 1.57 1.21 2.22 1.73 2.18 1.75 2.30 -0.37 1.22 -1.62 1.92 2.56
Dividend Payout % 14% 13% 16% 11% 14% 14% 17% 13% 0% 0% 0% 10%
Compounded Sales Growth
10 Years: -2%
5 Years: -10%
3 Years: -1%
TTM: 1%
Compounded Profit Growth
10 Years: 4%
5 Years: 5%
3 Years: 100%
TTM: 397%
Stock Price CAGR
10 Years: 22%
5 Years: 13%
3 Years: 1%
1 Year: 119%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: 2%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 8 8 8 9 9 9 9 9
Reserves 151 162 170 185 199 218 229 244 278 298 281 298 298
64 60 43 90 104 127 119 158 236 248 64 29 17
55 54 23 92 46 36 25 22 34 49 23 26 37
Total Liabilities 277 283 243 374 356 390 382 432 558 604 377 362 361
146 175 167 160 160 162 172 170 186 392 174 167 166
CWIP 32 0 0 0 2 0 0 12 193 6 0 1 1
Investments 0 0 4 2 28 38 36 35 55 70 86 60 86
99 107 71 212 165 189 173 215 124 136 117 134 107
Total Assets 277 283 243 374 356 390 382 432 558 604 377 362 361

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 19 3 46 -21 21 16 16 23 24 56 20
-7 -4 -3 -55 -11 -7 1 -44 -91 -26 137 19
-5 -9 -9 14 36 -13 -19 28 67 6 -195 -37
Net Cash Flow 1 6 -9 4 4 1 -2 0 -1 4 -2 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 146 146 116 204 162 144 120 170 172 167 106 168
Inventory Days 103 76 214 50 74 41 69 175 155 168 114
Days Payable 191 181 0 265 185 31 2 6 26 55 27
Cash Conversion Cycle 58 40 330 -11 50 154 187 339 300 281 193 168
Working Capital Days 59 66 99 181 116 153 143 174 150 160 139 233
ROCE % 9% 12% 9% 15% 11% 10% 8% 9% 1% 4% -1% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51%
27.49% 27.49% 27.49% 27.49% 27.49% 27.49% 27.49% 27.49% 27.50% 27.49% 27.50% 27.49%
No. of Shareholders 5,3445,4545,6925,6705,5805,5255,4465,4515,4996,0127,89411,418

Documents

Concalls