ASI Industries Ltd - Stock Valuation and Financial Performance

BSE: 502015 | NSE: ASOCSTONE | Ceramics/Marble/Granite/Sanitaryware | Small Cap

ASI Industries Share Price

23.20 -1.22 -5.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on ASI Industries

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

ASI Industries stock performance -

mw4me loader
P/E Ratio (SA):
9.07
Market Cap:
209 Cr.
52-wk low:
10.7
52-wk high:
40.8

Is ASI Industries Ltd an attractive stock to invest in?

1. Is ASI Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that ASI Industries Ltd is a below average quality company.

2. Is ASI Industries Ltd undervalued or overvalued?

The key valuation ratios of ASI Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is ASI Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ASI Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of ASI Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ASI Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.2%8.6%6.7%7%5.7%6.3%0.5%2.9%3.5%6%-
Value Creation
Index
-0.6-0.4-0.5-0.5-0.6-0.6-1.0-0.8-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 131209172235239181143173202138142
Sales YoY Gr.-59.7%-17.6%36.7%1.7%-24.3%-20.7%20.7%16.5%-31.7%-
Adj EPS 1.21.91.421.82.3-0.41.20.92.12.6
YoY Gr.-58.8%-25.9%42.9%-12%29.6%-116.7%NA-31.5%143.5%-
BVPS (₹) 10.612.514.216.718.119.924.124.622.724.625.8
Adj Net
Profit
9.915.711.616.614.618.9-3.211.27.718.623
Cash Flow from Ops. 2.646-20.820.516.316.522.824.45619.6-
Debt/CF from Ops. 16.62-56.27.39.610.410.21.11.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.6%-10.5%-1.4%-31.7%
Adj EPS 6.3%3.3%NA143.5%
BVPS9.9%6.3%0.7%8.4%
Share Price 20.9% 10.1% 7.2% 117.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.78.55.87.76.37.7-1.23.82.66.210.2
Op. Profit
Mgn %
20.317.718.212.511.9183.214.718.917.616.3
Net Profit
Mgn %
7.67.56.776.110.4-2.26.53.813.616.2
Debt to
Equity
0.50.90.90.90.811.21.10.30.1-
Working Cap
Days
225236378259265377405255225321255
Cash Conv.
Cycle
13894117118146202237186147182164

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.20%

Debt to equity has declined versus last 3 years average to 0.13

Sales growth has been subdued in last 3 years -1.38%

Sales growth is not so good in last 4 quarters at 3.64%

Latest Financials - ASI Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 2.6 -7.3
TTM Sales (₹ Cr.) 142 161
BVPS (₹.) 25.8 23.6
Reserves (₹ Cr.) 223 204
P/BV 0.90 0.98
PE 9.07 0.00
From the Market
52 Week Low / High (₹) 10.65 / 40.80
All Time Low / High (₹) 0.48 / 49.25
Market Cap (₹ Cr.) 209
Equity (₹ Cr.) 9
Face Value (₹) 1
Industry PE 41.4

Management X-Ray of ASI Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of ASI Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales131209172235239181143173202138
Operating Expenses 104172141206211148139148196116
Manufacturing Costs45465157636250566965
Material Costs228852108103434649403
Employee Cost 28302930342926273328
Other Costs 88910121416165419
Operating Profit 263731292833525622
Operating Profit Margin (%) 20.3%17.7%18.2%12.4%11.9%18.0%3.2%14.4%3.0%16.1%
Other Income 378117754611
Interest 681298786123
Depreciation 86556667225
Exceptional Items 0310000000
Profit Before Tax 163123262227-516-2225
Tax 5139878-25-77
Profit After Tax 101814181419-311-1517
PAT Margin (%) 7.7%8.8%8.3%7.7%6.1%10.5%-2.2%6.3%-7.2%12.6%
Adjusted EPS (₹)1.22.21.72.21.82.3-0.41.2-1.61.9
Dividend Payout Ratio (%)16%11%14%14%17%13%0%0%0%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 176191205226237252287307290307
Share Capital 7778888999
Reserves 170185199218229244278298281298
Minority Interest0000000000
Debt3883951181081442212326127
Long Term Debt17316757538394115406
Short Term Debt2152286055611261172121
Trade Payables062259013731
Others Liabilities 29373037363648632923
Total Liabilities 243374356390382432558609383358

Fixed Assets

Gross Block208206206167183186208420207199
Accumulated Depreciation4145465111622283332
Net Fixed Assets167160160162172170186392174167
CWIP 0020012193601
Investments 422838363555708660
Inventories1212101219201922129
Trade Receivables411177693798468795963
Cash Equivalents 4912877131046
Others Assets147566776810424304852
Total Assets 243374356390382432558609383358

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 346-2121161623245620
PBT 163123262227-516-2225
Adjustment 12101268101314632
Changes in Working Capital -1219-33-3-4-13190210
Tax Paid -6-6-12-8-8-8-4-5-6-7
Cash Flow From Investing Activity -3-55-11-71-44-91-2613719
Capex 0-1-7-2-18-68-125-27199-1
Net Investments -43-2700000-4728
Others 2-5723-51924351-15-7
Cash Flow From Financing Activity -91436-13-1928676-195-37
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -716380000000
Interest Paid 000-9-8-7-7-6-11-3
Dividend Paid -2-2-2-2-2-2-2000
Others 000-2-9387712-185-34
Net Cash Flow -9441-20-14-22
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.1519.3212.9714.0710.0412.12-1.75.21-6.848.11
ROCE (%)15.8724.4716.8414.2911.1311.610.844.85-2.7910.58
Asset Turnover Ratio0.50.680.470.630.620.440.290.30.410.37
PAT to CFO Conversion(x)0.32.56-1.51.171.140.84N/A2.18N/A1.18
Working Capital Days
Receivable Days155138205131131164193155125162
Inventory Days34212317243950433128
Payable Days025730657175153945272

ASI Industries Ltd Stock News

ASI Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ASI Industries on 28-Mar-2024 16:01 is ₹23.20.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of ASI Industries stood at ₹209.0.
The latest P/E ratio of ASI Industries as of 28-Mar-2024 16:01 is 9.07.
The latest P/B ratio of ASI Industries as of 28-Mar-2024 16:01 is 0.90.
The 52-week high of ASI Industries is ₹40.80 and the 52-week low is ₹10.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ASI Industries is ₹142.1 ( Cr.) .

About ASI Industries Ltd

Associated Stone Industries (Kotah) (ASI) was started in 1945, when ASI started stone mining operations in British India. Today ASI holds quarries 10 square Kms at Ramganjmandi in Rajasthan and which are largest in the world with more than 5,000 workers working to produce the best product.

ASI has changed the process of stone mining combining with the latest technology with solid experience and innovation. It has developed a perfect diamond tool unit for cutting, sawing and shaping various natural stones matching global standards.

Chairman and Managing Director of the company Deepak Jatia took total control of the company in year 2000. He had been on Board of the directors from year 1987. Under his command, company’s personnel evolve themselves to upgrade skills and maintain technical viability to get the job done with expertise, motivation and creativity. Under his leadership the company evolved an innovative mining technology for Kotah Stone which is blessing to the entire industry.

ASI as Miner has immense reputation and National Recognition. ASI not simply adheres to normal rules of laws but also understands Ethics of Social Responsibilities. It gets honored for the policies it practices. Only able bodied adult human beings enter in ASI’s Mines and works. It is customary for ASI to run in this remote area Hospital, College and schools for now decades. Institutions keep opening more faculties and Hospital provides more facilities.

Products of company

ASI Group offers a wide range of stones that can be divided into following categories:

  • Kota Stone
  • Stone Cobbles
  • Sandstone
  • Slate Granite
  • Limestone Stone
  • Furniture Stone
  • Artifacts
  • Garden Accessories
Read More Read Less
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