Is ASI Industries Ltd (ASOCSTONE) 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 .

Is ASI Industries Ltd (ASOCSTONE) 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 .

What is ASI Industries Ltd (ASOCSTONE) share price return in the past 10 years?

ASI Industries Ltd share price has appreciated 6.2% annually (CAGR) over the past ten years.

Is ASI Industries Ltd (ASOCSTONE) 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.

What is the share price of ASI Industries Ltd (ASOCSTONE)?

Company share prices are keep on changing according to the market conditions. The current trading price of ASI Industries Ltd (ASOCSTONE) on 17-Apr-2026 16:59:59 at 16:59 is 26.27.

What is the P/E ratio of ASI Industries?

The latest standalone P/E ratio of ASI Industries as of 17-Apr-2026 is 8.92.

What is the P/B ratio of ASI Industries Ltd (ASOCSTONE)?

The latest standalone P/B ratio of ASI Industries Ltd (ASOCSTONE) as of 17-Apr-2026 is 0.82.

What is the 52-week high and low of ASI Industries Ltd (ASOCSTONE)?

The 52-week high of ASI Industries Ltd (ASOCSTONE) is Rs. 39.94 and the 52-week low is Rs. 19.00.

ASI Industries Ltd (ASOCSTONE) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: ASI Industries Ltd (ASOCSTONE)
Brand: ASI Industries

ASI Industries Ltd (ASOCSTONE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

ASI Industries Ltd (ASOCSTONE)

BSE: 502015 NSE: ASOCSTONE

Key Metrics

Market Cap

₹232 Cr.

P/E Ratio

8.92

Price to Book (P/B)

0.82

Price to Sales (P/S)

1.56

EV/EBITDA

5.49

Return on Capital Employed (ROCE)

13.63%

Current Price

₹26.3

Return on Equity (ROE)

9.95%

Return on Assets (ROA)

6.64%

Operating Profit Margin

15.7%

Net Profit Margin

16.44%

Gross Profit Margin

27.1%

Book Value per Share

₹31.4

Sales Growth (YoY)

6.97%

Sales Growth (3 Years)

-8.43%

Operating Profit Growth (1 Year)

22.5%

Operating Profit Growth (3 Years)

58.7%

Net Profit Growth (1 Year)

1.35%

52-Week Low / High

₹19 / 40

Net Profit Growth (3 Years)

N/A%

Dividend Yield

1.23%

Promoter Holding

73.07%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of ASI Industries Ltd?

ASI Industries Ltd revenue growth is 7% for FY-2025 , which is above its 5 year CAGR of 1.5% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of ASI Industries Ltd?

Promoters hold 73.07% of the ASI Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of ASI Industries Ltd vs industry peers?

ASI Industries Ltd revenue CAGR is 1.53% , compared to the industry median CAGR of 1.53% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does ASI Industries Ltd belong to?

ASI Industries Ltd belongs to the Metals & Mining sector, operating specifically within the Mining & Minerals segment.

Q.1 Stock return of ASI Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 6.2% based on the current price.

DeciZen - make an informed investing decision on ASI Industries

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

ASI Industries stock performance

Key Ratios

Is ASI Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	16.8%	14.3%	11.1%	11.6%	0.8%	4.9%	-2.8%	10.6%	14.3%	13.6%	-
Value Creation Index ⓘ	0.2	0.0	-0.2	-0.2	-0.9	-0.7	-1.2	-0.2	0.0	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	172	235	239	181	143	173	202	138	145	155	149
Sales YoY Gr.	-	36.7%	1.7%	-24.3%	-20.7%	20.7%	16.5%	-31.7%	5.1%	7%	-
Adj EPS ⓘ	1.4	2	1.8	2.3	-0.4	1.2	0.9	2.1	2.6	2.6	2.9
YoY Gr.	-	42.9%	-12%	29.6%	-116.7%	NA	-31.5%	143.5%	25.1%	0.8%	-
BVPS (₹) ⓘ	14.2	16.7	18.1	19.9	24.1	24.6	22.7	24.6	26.5	30.3	31.4
Adj Net Profit ⓘ	11.6	16.6	14.6	18.9	-3.2	11.2	7.7	18.6	23.4	23.5	26
Cash Flow from Ops. ⓘ	-20.8	20.5	16.3	16.5	22.8	24.4	56	19.6	33.6	-3.4	-
Debt/CF from Ops. ⓘ	-5	6.2	7.3	9.6	10.4	10.2	1.1	1.5	0.9	-9.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1.2%	1.5%	-8.4%	7%
Adj EPS ⓘ	7.2%	NA	45.4%	0.8%
BVPSⓘ	8.8%	4.7%	10.1%	14.4%
Share Price	6.2%	-0.7%	30.7%	-21.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5.8	7.7	6.3	7.7	-1.2	3.8	2.6	6.2	7.4	7	9.4
Op. Profit Mgn % ⓘ	18.2	12.5	11.9	18	3.2	14.7	18.9	17.6	13.7	15.7	15.4
Net Profit Mgn % ⓘ	6.7	7	6.1	10.4	-2.2	6.5	3.8	13.6	16.2	15.2	17.5
Debt to Equity ⓘ	0.9	0.9	0.8	1	1.2	1.1	0.3	0.1	0.1	0.1	-
Working Cap Days ⓘ	378	259	265	377	405	255	225	321	293	286	199
Cash Conv. Cycle ⓘ	117	118	146	202	237	186	147	182	154	122	130

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	2.9	-7.3
TTM Sales (₹ Cr.)	149	161
BVPS (₹) ⓘ	31.4	0
Reserves (₹ Cr.) ⓘ	274	204
P/BV ⓘ	0.82	0.00
PE ⓘ	8.92	0.00

From the Market
52 Week Low / High (₹)	19.00 / 39.94
All Time Low / High (₹)	0.48 / 65.89
Market Cap (₹ Cr.)	232
Equity (₹ Cr.)	9
Face Value (₹)	1
Industry PE ⓘ	15.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of ASI Industries - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	172	235	239	181	143	173	202	138	145	155
Operating Expenses ⓘ +	141	206	211	148	139	148	196	116	125	130
Manufacturing Costs	51	57	63	62	50	56	69	65	74	81
Material Costs	52	108	103	43	46	49	40	3	3	0
Employee Cost	29	30	34	29	26	27	33	28	29	30
Other Costs ⓘ	9	10	12	14	16	16	54	19	19	19
Operating Profit ⓘ	31	29	28	33	5	25	6	22	20	24
Operating Profit Margin (%)	18.2%	12.4%	11.9%	18.0%	3.2%	14.4%	3.0%	16.1%	13.7%	15.7%
Other Income ⓘ +	8	11	7	7	5	4	6	11	22	19
Exceptional Items ⓘ	1	0	0	0	0	0	0	0	0	0
Interest ⓘ	12	9	8	7	8	6	12	3	2	2
Depreciation ⓘ	5	5	6	6	6	7	22	5	5	5
Profit Before Tax ⓘ	23	26	22	27	-5	16	-22	25	35	37
Tax ⓘ	9	8	7	8	-2	5	-7	7	10	12
Profit After Tax	14	18	14	19	-3	11	-15	17	25	25
PAT Margin (%)	8.3%	7.7%	6.1%	10.6%	-2.2%	6.3%	-7.2%	12.6%	17.4%	16.4%
Adjusted EPS (₹)	1.7	2.2	1.8	2.3	-0.4	1.2	-1.6	1.9	2.8	2.8
Dividend Payout Ratio (%)	14%	14%	17%	13%	0%	0%	0%	10%	13%	14%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	205	226	237	252	287	307	290	307	322	353
Share Capital ⓘ	7	8	8	8	8	9	9	9	9	9
Reserves ⓘ	199	218	229	244	278	298	281	298	313	344
Debt +	95	118	108	144	221	232	61	27	28	30
Long Term Debt	67	57	53	83	94	115	40	6	3	2
Short Term Debt	28	60	55	61	126	117	21	21	25	28
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	25	9	0	1	3	7	3	1	2	1
Others Liabilities ⓘ	30	37	36	36	48	63	29	23	15	18
Total Liabilities ⓘ	356	390	382	432	558	609	383	358	366	401
Fixed Assets
Net Fixed Assets ⓘ +	160	162	172	170	186	392	174	167	165	162
Gross Block	206	167	183	186	208	420	207	199	200	199
Accumulated Depreciation	46	5	11	16	22	28	33	32	34	37
CWIP ⓘ	2	0	0	12	193	6	0	1	3	3
Investments ⓘ	28	38	36	35	55	70	86	60	85	101
Inventories	10	12	19	20	19	22	12	9	6	6
Trade Receivables	76	93	79	84	68	79	59	63	47	47
Cash Equivalents	12	8	7	7	13	10	4	6	4	2
Others Assets ⓘ	66	77	68	104	24	30	48	52	55	81
Total Assets ⓘ	356	390	382	432	558	609	383	358	366	401

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-21	21	16	16	23	24	56	20	34	-3
PBT ⓘ	23	26	22	27	-5	16	-22	25	35	37
Adjustment ⓘ	12	6	8	10	13	14	63	2	-8	-11
Changes in Working Capital ⓘ	-33	-3	-4	-13	19	0	21	0	14	-19
Tax Paid ⓘ	-12	-8	-8	-8	-4	-5	-6	-7	-8	-10
Cash Flow From Investing Activity ⓘ +	-11	-7	1	-44	-91	-26	137	19	-32	4
Capex	-7	-2	-18	-68	-125	-27	199	-1	-3	2
Net Investments	-27	0	0	0	0	0	-47	28	-35	-6
Others ⓘ	23	-5	19	24	35	1	-15	-7	7	9
Cash Flow From Financing Activity ⓘ +	36	-13	-19	28	67	6	-195	-37	-4	-3
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	38	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-9	-8	-7	-7	-6	-11	-3	-2	-2
Dividend Paid ⓘ	-2	-2	-2	-2	-2	0	0	0	-2	-3
Others ⓘ	-0	-2	-9	38	77	12	-185	-34	-0	2
Net Cash Flow ⓘ	4	1	-2	0	-1	4	-2	2	-2	-2

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	12.97	14.07	10.04	12.12	-1.7	5.21	-6.84	8.11	10.92	9.95
ROCE (%)	16.84	14.29	11.13	11.61	0.84	4.85	-2.79	10.58	14.31	13.63
Asset Turnover Ratio	0.47	0.63	0.62	0.44	0.29	0.3	0.41	0.37	0.4	0.4
PAT to CFO Conversion(x)	-1.5	1.17	1.14	0.84	N/A	2.18	N/A	1.18	1.36	-0.12
Working Capital Days
Receivable Days	205	131	131	164	193	155	125	162	139	112
Inventory Days	23	17	24	39	50	43	31	28	19	14
Payable Days	306	57	17	5	15	39	45	272	224	1,235

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ASI Industries Ltd FAQs

The current trading price of ASI Industries on 17-Apr-2026 16:59 is ₹26.27.

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 16-Apr-2026 the market cap of ASI Industries stood at ₹232.3 Cr

The latest P/E ratio of ASI Industries as of 16-Apr-2026 is 8.92.

The latest P/B ratio of ASI Industries as of 16-Apr-2026 is 0.82.

The 52-week high of ASI Industries is ₹39.94 and the 52-week low is ₹19.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ASI Industries is ₹149 ( 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, companyâ€™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 ASIâ€™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

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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BSE Enlistment No:	1187
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ASI Industries Ltd (ASOCSTONE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

ASI Industries Share Price