Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 17.89 | 45.73 | 45.52 | 34.40 | 23.31 | 49.24 | 47.81 | 29.49 | 20.56 | 50.70 | 48.66 | 39.53 |
| Expenses | 21.62 | 33.60 | 39.08 | 30.94 | 25.11 | 34.64 | 39.73 | 26.39 | 22.43 | 37.16 | 43.22 | 34.19 |
| Operating Profit | -3.73 | 12.13 | 6.44 | 3.46 | -1.80 | 14.60 | 8.08 | 3.10 | -1.87 | 13.54 | 5.44 | 5.34 |
| OPM % | -20.85% | 26.53% | 14.15% | 10.06% | -7.72% | 29.65% | 16.90% | 10.51% | -9.10% | 26.71% | 11.18% | 13.51% |
| Other Income | 3.95 | 4.04 | 11.96 | 3.64 | 4.20 | 5.22 | 6.28 | 4.71 | 4.38 | 5.50 | 4.94 | 4.47 |
| Interest | 0.61 | 0.53 | 0.59 | 0.42 | 0.37 | 0.40 | 0.54 | 0.66 | 0.45 | 0.49 | 0.68 | 0.34 |
| Depreciation | 1.19 | 1.36 | 1.15 | 1.15 | 1.14 | 1.24 | 1.20 | 1.13 | 1.12 | 1.18 | 0.84 | 1.11 |
| Profit before tax | -1.58 | 14.28 | 16.66 | 5.53 | 0.89 | 18.18 | 12.62 | 6.02 | 0.94 | 17.37 | 8.86 | 8.36 |
| Tax % | 3.80% | 29.55% | 25.09% | 29.66% | 42.70% | 33.06% | 29.56% | 32.89% | 13.83% | 29.25% | 37.47% | 22.85% |
| Net Profit | -1.64 | 10.06 | 12.47 | 3.88 | 0.50 | 12.18 | 8.89 | 4.04 | 0.81 | 12.30 | 5.54 | 6.45 |
| EPS in Rs | -0.18 | 1.12 | 1.38 | 0.43 | 0.06 | 1.35 | 0.99 | 0.45 | 0.09 | 1.37 | 0.62 | 0.72 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 235 | 239 | 181 | 143 | 173 | 202 | 138 | 145 | 155 | 149 | 159 |
| Expenses | 141 | 206 | 211 | 148 | 139 | 148 | 191 | 113 | 125 | 130 | 129 | 137 |
| Operating Profit | 31 | 29 | 29 | 33 | 5 | 25 | 11 | 24 | 20 | 24 | 20 | 22 |
| OPM % | 18% | 12% | 12% | 18% | 3.2% | 15% | 5% | 18% | 14% | 16% | 14% | 14% |
| Other Income | 9 | 11 | 7 | 7 | 5 | 3 | 1 | 9 | 22 | 19 | 20 | 19 |
| Interest | 12 | 9 | 8 | 7 | 8 | 6 | 12 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 5 | 5 | 6 | 6 | 6 | 7 | 22 | 5 | 5 | 5 | 4 | 4 |
| Profit before tax | 23 | 26 | 22 | 27 | -5 | 16 | -22 | 25 | 35 | 37 | 33 | 36 |
| Tax % | 38% | 29% | 33% | 29% | -33% | 30% | -34% | 30% | 28% | 32% | 32% | |
| Net Profit | 14 | 18 | 14 | 19 | -3 | 11 | -15 | 17 | 25 | 25 | 23 | 25 |
| EPS in Rs | 1.73 | 2.18 | 1.75 | 2.30 | -0.37 | 1.22 | -1.62 | 1.92 | 2.79 | 2.83 | 2.52 | 2.80 |
| Dividend Payout % | 14% | 14% | 17% | 13% | 0% | 0% | 0% | 10% | 13% | 14% | 16% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -1% | -3% | 3% | 6% | ||
| Compounded Profit Growth | 5% | 14% | 5% | -2% | ||
| Stock Price CAGR | 2% | 9% | 9% | -26% | ||
| Return on Equity | 5% | 5% | 7% | 6% |
| 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 | 7 | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 185 | 199 | 218 | 229 | 244 | 278 | 298 | 281 | 298 | 313 | 344 | 353 |
| Borrowings | 90 | 104 | 127 | 119 | 158 | 236 | 248 | 64 | 29 | 29 | 31 | 41 |
| Other Liabilities | 92 | 46 | 36 | 25 | 22 | 34 | 49 | 23 | 26 | 19 | 22 | 24 |
| Total Liabilities | 374 | 356 | 390 | 382 | 432 | 558 | 604 | 377 | 362 | 370 | 405 | 427 |
| Fixed Assets | 160 | 160 | 162 | 172 | 170 | 186 | 392 | 174 | 167 | 165 | 162 | 158 |
| CWIP | 0 | 2 | 0 | 0 | 12 | 193 | 6 | 0 | 1 | 3 | 3 | 13 |
| Investments | 2 | 28 | 38 | 36 | 35 | 55 | 70 | 86 | 60 | 85 | 101 | 110 |
| Other Assets | 212 | 165 | 189 | 173 | 215 | 124 | 136 | 117 | 134 | 116 | 140 | 147 |
| Total Assets | 374 | 356 | 390 | 382 | 432 | 558 | 604 | 377 | 362 | 370 | 405 | 427 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 46 | -21 | 21 | 16 | 16 | 23 | 24 | 56 | 20 | 34 | -3 | 16 |
| Cash from Investing Activity | -55 | -11 | -7 | 1 | -44 | -91 | -26 | 137 | 19 | -32 | 4 | -19 |
| Cash from Financing Activity | 14 | 36 | -13 | -19 | 28 | 67 | 6 | -195 | -37 | -4 | -3 | 4 |
| Net Cash Flow | 4 | 4 | 1 | -2 | 0 | -1 | 4 | -2 | 2 | -2 | -2 | 1 |
| Free Cash Flow | 45 | -28 | 19 | -1 | -52 | -103 | -3 | 255 | 18 | 30 | -2 | 2 |
| CFO/OP | 141% | -28% | 98% | 87% | 74% | 593% | 116% | 575% | 109% | 209% | 28% | 116% |
| 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 | 204 | 162 | 144 | 120 | 170 | 172 | 167 | 106 | 168 | 119 | 112 | 125 |
| Inventory Days | 50 | 74 | 41 | 69 | 175 | 155 | 168 | 114 | ||||
| Days Payable | 265 | 185 | 31 | 2 | 6 | 26 | 55 | 27 | ||||
| Cash Conversion Cycle | -11 | 50 | 154 | 187 | 339 | 300 | 281 | 193 | 168 | 119 | 112 | 125 |
| Working Capital Days | 89 | 56 | 59 | 60 | 50 | -172 | -121 | 96 | 171 | 135 | 157 | 196 |
| ROCE % | 15% | 11% | 10% | 8% | 9% | 1% | 4% | -1% | 9% | 10% | 10% | 9% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.51% | 72.51% | 72.51% | 72.51% | 72.90% | 73.07% | 73.07% | 73.07% | 73.07% | 73.07% | 73.07% | 73.07% |
| Public | 27.49% | 27.50% | 27.49% | 27.49% | 27.09% | 26.93% | 26.92% | 26.93% | 26.92% | 26.92% | 26.92% | 26.92% |
| No. of Shareholders | 6,012 | 7,894 | 11,418 | 11,410 | 10,846 | 12,011 | 12,451 | 12,232 | 12,169 | 11,985 | 11,715 | 11,541 |
Fundamentals
Market Cap₹ 209 Cr.
Current Price₹ 23.2
Stock P/E8.32
Book Value₹ 40.1
ROCE8.82 %
ROE6.06 %
Dividend Yield1.73 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-2%
Standalone figures.
Valuation
Market capRs 204 Cr
Enterprise valueRs 242 Cr
P/E (TTM)8.14x
Price to book0.56x
Price to sales1.28x
EV / EBITDA5.80x
EV / EBIT6.46x
EV / sales1.52x
Price to cash flow12.98x
Earnings yield12.29%
Dividend yield1.76%
P/E, 3-year average9.16x
P/B, 3-year average0.65x
P/E, 5-year average8.31x
P/B, 5-year average0.54x
Profitability
Operating margin (excl. other income)13.53%
Operating margin (incl. other income)26.60%
EBITDA margin26.18%
Pre-tax margin22.28%
Net profit margin15.74%
Net margin, latest quarter16.32%
ROE6.35%
ROCE9.02%
ROA5.45%
ROE, 3-year average7.29%
ROCE, 3-year average10.14%
ROA, 3-year average6.29%
ROE, 5-year average4.56%
ROCE, 5-year average7.22%
ROA, 5-year average4.12%
ROIC (approx.)6.41%
Tax rate31.63%
Other income / net worth5.40%
Growth
Sales growth (latest year)-3.46%
Profit growth (latest year)-10.84%
Sales CAGR, 3 years2.78%
Sales CAGR, 5 years-2.90%
Profit CAGR, 3 years9.50%
Profit CAGR, 5 years15.62%
Sales growth QoQ-18.76%
Profit growth QoQ16.43%
Sales growth YoY (latest quarter)34.05%
Profit growth YoY (latest quarter)59.65%
Per share
EPS (TTM)Rs 2.79
EPS (latest year)Rs 2.52
EPS (latest quarter)Rs 0.72
EPS, 3-year averageRs 2.71
EPS, 5-year averageRs 1.69
Book value per shareRs 40.14
Sales per shareRs 17.70
Cash flow per shareRs 1.75
Free cash flow per shareRs 0.22
Dividend per share (latest year)Rs 0.40
Dividend per share, 3-year averageRs 0.38
Dividend per share, 5-year averageRs 0.34
Dividends
Dividend payout15.87%
Dividend payout, 3-year average14.19%
Dividend payout, 5-year average13.24%
Efficiency
Asset turnover0.35x
Fixed asset turnover0.95x
Inventory turnover12.88x
Inventory days28 days
Debtor days125 days
Debtors turnover2.93x
Creditor days27 days
Cash conversion cycle125 days
Working capital days196 days
Leverage
Total debtRs 41 Cr
Cash and bankRs 3 Cr
Net debtRs 38 Cr
Debt to equity0.11x
Net debt / EBITDA0.91x
Interest coverage19.13x
Owners' fund to total sources84.67%
Debt to assets9.68%
Cash flow
Cash from Operating Activity (latest year)Rs 16 Cr
Cash from Investing Activity (latest year)Rs -19 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 12 Cr
Cash from ops / profit, 5 years1.64x
Sales to cash flow9.50x
Statement figures
Net sales (TTM)Rs 159 Cr
Net sales (latest year)Rs 149 Cr
Sales (latest quarter)Rs 40 Cr
Operating profit excl. other income (latest year)Rs 20 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 42 Cr
PBDT (TTM)Rs 40 Cr
Profit before tax (TTM)Rs 36 Cr
Tax (latest year)Rs 10 Cr
Net profit (TTM)Rs 25 Cr
Net profit (latest year)Rs 23 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 81 Cr
Total expenditure (latest year)Rs 129 Cr
Total income (latest year)Rs 169 Cr
Share capitalRs 9 Cr
ReservesRs 353 Cr
Shareholders' fundsRs 362 Cr
Total assetsRs 427 Cr
Net blockRs 158 Cr
Capital work in progressRs 13 Cr
InvestmentsRs 110 Cr
ReceivablesRs 51 Cr
InventoryRs 6 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)9.01
Ownership
Promoter holding73.07% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.1 is at the 17th percentile of its own 7.4-year range
(median 11.3, low 3.0, high 23.9).
P/B 0.56 is at the 44th percentile (median 0.61).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 502015 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.3% | -2.8% | -0.5 pts |
| 1 month | -8.7% | -6.8% | -1.9 pts |
| 3 months | -11.0% | -7.6% | -3.4 pts |
| 3 years | +27.0% | +14.2% | +12.8 pts |
| 5 years | +42.6% | +27.9% | +14.7 pts |
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 33% while net profit fell in 2026 |
| look | Profit leans on other income Other income was 59% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹40 Cr +34.0% vs Jun 2025.
Net profit ₹6 Cr +59.7%.
Activity
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|---|---|---|---|
| Lloyds Metals & Energy Ltd | 107,103 | 22.5 | 27.3 % |
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| Gujarat Mineral Development Corporation Ltd | 16,320 | 28.6 | 10.8 % |
| Gravita India Ltd | 10,679 | 27.2 | 16.2 % |
| MOIL Ltd | 4,964 | 16.4 | 12.4 % |
| Ashapura Minechem Ltd | 4,956 | 12.1 | 20.7 % |
| Orissa Minerals Development Company Ltd | 2,209 | 665 | 9.64 % |
| Petro Carbon & Chemicals Ltd | 1,087 | 43.3 | 14.1 % |
| 20 Microns Ltd | 752 | 11.0 | 17.3 % |
| NILE Ltd | 381 | 7.18 | 26.8 % |
| Goa Carbon Ltd | 373 | -4.91 % | |
| Southern Magnesium & Chemicals Ltd | 22 | 3.65 % | |
| Raw Edge Industrial Solutions Ltd | 15 | 37.0 | 1.97 % |
| Kachchh Minerals Ltd | 13 | -57.3 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Asi Industries Ltd?
Asi Industries Ltd (502015) has a market capitalisation of Rs 209 Cr. at the 2026-10-01 close.
What is the P/E ratio of Asi Industries Ltd?
Asi Industries Ltd trades at a P/E of 8.32 on trailing twelve-month profit, at the 2026-10-01 close.
What were Asi Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Asi Industries Ltd sales was Rs 40 Cr (+34.0% vs Jun 2025) and net profit was Rs 6 Cr.