MarketFriction

Asian Granito India Ltd

NSE ASIANTILES · BSE 532888 · Ceramics
₹47.95 -3.48%
NSE close2026-10-01
52 week range42.50 - 79.06
Market cap₹1,487 Cr.
P/E114
Price band 10% Delivery 43.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales400.93371.23423.63360.08383.68366.09514.77388.24406.92461.66538.50530.95
Expenses380.98369.73403.74344.35369.08352.93499.51363.34370.28416.75559.38498.08
Operating Profit19.951.5019.8915.7314.6013.1615.2624.9036.6444.91-20.8832.87
OPM %4.98%0.40%4.70%4.37%3.81%3.59%2.96%6.41%9.00%9.73%-3.88%6.19%
Other Income1.201.284.430.891.030.768.584.803.343.483.951.45
Interest7.135.1811.227.026.227.0611.417.187.088.509.258.54
Depreciation12.2612.1012.9314.0812.6914.3316.7313.6313.2315.5116.3515.97
Profit before tax1.76-14.500.17-4.48-3.28-7.47-4.308.8919.6724.38-42.539.81
Tax %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%
Net Profit-2.80-8.10-5.47-1.674.69-4.09-4.877.2416.7118.96-32.678.07
EPS in Rs-0.10-0.49-0.19-0.150.51-0.31-0.260.510.700.88-1.080.27
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9941,0611,1561,1871,2251,2921,5641,5631,5301,7111,8581,938
Expenses9039341,0171,0991,1071,1561,4441,6351,4801,6231,7641,844
Operating Profit9112713988118136120-7350889494
OPM %9%12%12%7%10%11%8%-4.6%3.3%5%5%4.8%
Other Income1589105502113162612
Interest294139374035262731373533
Depreciation282425273129303447666461
Profit before tax356783335777114-112-1502211
Tax %32%28%31%30%19%25%19%-23%33%-2,255%14%
Net Profit26495723465892-87-20101911
EPS in Rs2.914.054.741.883.794.527.26-5.74-0.970.710.700.77
Dividend Payout %0%9%7%9%5%3%4%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%8%6%17%
Compounded Profit Growth-2%-20%31%131%
Stock Price CAGR-12%-15%-8%-13%
Return on Equity3%0%0%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2323303030303457127127296296
Reserves2673413694054214875928611,1291,1411,2061,226
Borrowings175335327340361332295199227248373439
Other Liabilities186251334416469410447412439391540510
Total Liabilities6519501,0601,1911,2811,2591,3671,5291,9221,9072,4152,472
Fixed Assets1883924134264724634574765777839941,009
CWIP15611109245217704749
Investments1113172328304666132335
Other Assets4385396297317827578399351,1551,1011,3701,408
Total Assets6519501,0601,1911,2811,2591,3671,5291,9221,9072,4152,472
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity104216394885646-7-49-826094
Cash from Investing Activity-33-221-40-48-62-41-26-23-42371-115-102
Cash from Financing Activity-76203-22-42-16-40109840884628
Net Cash Flow-43159-243067-64-4-921
Free Cash Flow67-20224462527-80-304-157-66-9
CFO/OP182%29%57%80%112%60%44%6%53%-156%75%107%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days71721031271231121191099797117109
Inventory Days13014517916417414914212388103134116
Days Payable9392150177192159134105106106160131
Cash Conversion Cycle10812513211410510212612780939194
Working Capital Days25293536203976100831289592
ROCE %9%11%14%16%9%11%12%10%-6%1%2%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters29.02%29.02%29.02%29.02%29.02%33.52%33.52%33.52%33.46%33.72%38.79%38.79%
FIIs1.07%0.97%1.36%2.71%2.23%1.59%1.93%1.43%1.10%1.73%1.05%1.37%
DIIs0.00%0.00%0.00%0.39%0.26%0.22%0.22%0.22%0.14%0.17%0.13%0.14%
Public69.91%70.01%69.62%67.88%68.49%64.66%64.33%64.83%65.30%64.39%60.03%59.69%
No. of Shareholders88,42786,55988,17182,39688,86890,72788,99387,65284,95080,42777,03777,330

Fundamentals

Market Cap₹ 1,487 Cr.
Current Price₹ 50.1
Stock P/E114
Book Value₹ 51.4
ROCE2.85 %
ROE1.27 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)131%
Consolidated figures.
Valuation
Market capRs 1,422 Cr
Enterprise valueRs 1,779 Cr
P/E (TTM)109.19x
Price to book0.93x
Price to sales0.73x
EV / EBITDA16.82x
EV / EBIT39.79x
EV / sales0.92x
Price to cash flow15.13x
Earnings yield0.92%
P/E, 3-year average101.12x
P/B, 3-year average0.84x
P/E, 5-year average68.94x
P/B, 5-year average0.67x
Profitability
Operating margin (excl. other income)5.07%
Operating margin (incl. other income)6.48%
EBITDA margin5.46%
Pre-tax margin0.58%
Net profit margin0.67%
Net margin, latest quarter1.53%
ROE1.38%
ROCE2.95%
ROA0.85%
ROE, 3-year average0.39%
ROCE, 3-year average2.09%
ROA, 3-year average0.23%
ROE, 5-year average1.28%
ROCE, 5-year average2.68%
ROA, 5-year average0.57%
ROIC (approx.)2.05%
Tax rate13.61%
Other income / net worth1.72%
Growth
Sales growth (latest year)8.60%
Profit growth (latest year)99.14%
Sales CAGR, 3 years5.94%
Sales CAGR, 5 years7.53%
Profit CAGR, 5 years-18.20%
Sales growth QoQ-1.40%
Sales growth YoY (latest quarter)36.76%
Profit growth YoY (latest quarter)8.84%
Per share
EPS (TTM)Rs 0.44
EPS (latest year)Rs 0.70
EPS (latest quarter)Rs 0.27
EPS, 3-year averageRs 0.03
EPS, 5-year averageRs 2.11
Book value per shareRs 51.36
Sales per shareRs 65.37
Cash flow per shareRs 3.17
Free cash flow per shareRs -0.30
Dividend per share, 5-year averageRs 0.70
Dividends
Dividend payout, 5-year average4.32%
Efficiency
Asset turnover0.75x
Fixed asset turnover1.84x
Inventory turnover4.21x
Inventory days87 days
Debtor days109 days
Debtors turnover3.35x
Creditor days131 days
Cash conversion cycle94 days
Working capital days92 days
Leverage
Total debtRs 439 Cr
Cash and bankRs 82 Cr
Net debtRs 357 Cr
Debt to equity0.29x
Net debt / EBITDA3.37x
Interest coverage1.34x
Current ratio (filing 2026-03-31)1.75x
Quick ratio (filing 2026-03-31)1.28x
Trade payables (filing 2026-03-31)Rs 387 Cr
Owners' fund to total sources61.60%
Debt to assets17.77%
Cash flow
Cash from Operating Activity (latest year)Rs 94 Cr
Cash from Investing Activity (latest year)Rs -102 Cr
Cash from Financing Activity (latest year)Rs 28 Cr
Net Cash Flow (latest year)Rs 21 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs 57 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow19.77x
Statement figures
Net sales (TTM)Rs 1,938 Cr
Net sales (latest year)Rs 1,858 Cr
Sales (latest quarter)Rs 531 Cr
Operating profit excl. other income (latest year)Rs 94 Cr
Operating profit (latest quarter)Rs 33 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 106 Cr
PBDT (TTM)Rs 72 Cr
Profit before tax (TTM)Rs 11 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 21 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 61 Cr
Depreciation (latest quarter)Rs 16 Cr
Interest (TTM)Rs 33 Cr
Cost of goods sold (latest year)Rs 1,443 Cr
Total expenditure (latest year)Rs 1,764 Cr
Total income (latest year)Rs 1,884 Cr
Share capitalRs 296 Cr
ReservesRs 1,226 Cr
Shareholders' fundsRs 1,523 Cr
Total assetsRs 2,472 Cr
Net blockRs 1,009 Cr
Capital work in progressRs 49 Cr
InvestmentsRs 5 Cr
ReceivablesRs 555 Cr
InventoryRs 342 Cr
Other liabilitiesRs 510 Cr
Shares outstanding (crore)29.65
Ownership
Promoter holding38.79% (+5.27 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 109.2 is at the 39th percentile of its own 7.2-year range (median 132.0, low 11.3, high 379.1).
P/B 0.93 is the lowest in 9.4 years (median 4.89).
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.
PeriodASIANTILESNifty 50Difference
1 week-4.8%-2.8% -2.0 pts
1 month-4.6%-6.8% +2.2 pts
3 months-4.1%-7.6% +3.5 pts
6 months-15.1%+0.4% -15.5 pts
1 year-19.3%-9.9% -9.4 pts
2 years-44.6%-13.6% -31.0 pts
3 years-24.3%+14.2% -38.5 pts
5 years-69.8%+27.9% -97.7 pts

Red flags

F-score 5 of 7
lookProfit leans on other income Other income was 121% 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 2026
Sales ₹531 Cr +36.8% vs Jun 2025. Net profit ₹8 Cr +11.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-07-30Annual General Meeting
2023-09-12Annual General Meeting
2022-09-08Annual General Meeting
2022-06-09Dividend - Rs 0.70 Per Share
2022-04-11Rights Issue 30:37@ Premium Rs 53/-
2021-12-16 Annual General Meeting
2021-10-11 Dividend - Rs 0.50 Per Sh
2021-09-08 Rights 19:29 @ Premium Rs 90/-
2020-11-09 Annual General Meeting/Dividend - Rs 0.70 Per Share
2019-09-20 Annual General Meeting/Dividend - Rs 0.60 Per Share
2018-09-10 Annual General Meeting/Dividend Rs 1.30 Per Share
2017-09-06 Annual General Meeting/Dividend - Re 0.80 Per Share
2016-10-06 Interim Dividend - Re 0.50 Per Share
2016-09-15 Annual General Meeting
2015-09-10 Annual General Meeting
2014-09-23Annual General Meeting
2013-08-07Annual General Meeting
2012-09-13Annual General Meeting And Dividend Re.1/- Per Share
2011-09-22Annual General Meeting And Dividend Re.1/- Per Share
2010-09-16Annual General Meeting And Dividend Re.1/- Per Share
2009-11-20Annual General Meeting
2008-09-18Agm/Dividend - 10%
DateTypeWhat it says
2026-09-09Shareholder meetingVoting results.
2026-09-09Shareholder meetingProceedings of Annual General Meeting held on September 09, 2026
2026-08-25UpdatesGeneral updates.
2026-08-14General UpdatesDispatch of Letter to Shareholders - Annual Report FY 2025-26.
2026-08-14Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Asian Granito India Limited Announces Q1 FY2026-27 Results Consolidated Revenue up 28.5% YoY to Rs 530....
2026-08-11General UpdatesGeneral Updates - Opening of Trading Window.
2026-08-11Board meeting outcomeAsian Granito India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-10Monitoring Agency ReportIntimation with respect to Monitoring Agency Report.
2026-07-29Price movementSignificant movement in price has been observed in Asian Granito India Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-07-29Price movementSignificant movement in price has been observed in Asian Granito India Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-07-15Diversification/DisinvestmenDiversification/Disinvestment - Dilution of shareholding of equity shares of Harmony Surfaces Marbles TR LLC S.P., Sharjah, UAE form 100% to 51%.
2026-07-15AcquisitionAcquisition
2026-07-15Board meeting outcomeOutcome of Board Meeting held on July 15, 2026.
2026-06-27General UpdatesGeneral Updates
2026-06-19Disclosure under SEBI TakeovAsian Granito India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-06-12AcquisitionAcquisition
2026-06-05General UpdatesGeneral Updates - Report of the Audit Committee and Independent Directors.
2026-06-01Press ReleaseA press release dated Jun 01, 2026, titled "Asian Granito India Ltd Net Profit jumps 89.69% Y-o-Y to Rs. 18.74 crore in FY26, driven by strong domesti...
2026-05-30General UpdatesGeneral Updates - Opening of Trading Window.
2026-05-30Diversification/DisinvestmenDiversification/Disinvestment
2026-05-30Board meeting outcomeOutcome of Board Meeting held on May 30, 2026.
2026-05-30Board meeting outcomeAsian Granito India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-22Shareholder meetingVoting results.
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.
Order dateForumCase
2021-03-16NCLTAsian Granito India Ltd. Vs M/s City Pride Buildcon Pvt. Ltd.
2021-02-09NCLTAsian Granito India Ltd. Vs M/s City Pride Buildcon Pvt. Ltd.
2021-01-28NCLTAsian Granito India Ltd. Vs M/s City Pride Buildcon Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Asian Granito India Ltd?

Asian Granito India Ltd (ASIANTILES) has a market capitalisation of Rs 1,487 Cr. at the 2026-10-01 close.

What is the P/E ratio of Asian Granito India Ltd?

Asian Granito India Ltd trades at a P/E of 114 on trailing twelve-month profit, at the 2026-10-01 close.

What were Asian Granito India Ltd's latest quarterly results?

In the Jun 2026 quarter, Asian Granito India Ltd sales was Rs 531 Cr (+36.8% vs Jun 2025) and net profit was Rs 8 Cr.

What is the 52-week high and low of Asian Granito India Ltd?

The 52-week high is Rs 79.06 and the 52-week low is Rs 42.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03