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Asian Granito India Ltd (ASIANTILES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532888 NSE: ASIANTILES Ceramics/Marble/Granite/Sanitaryware | Small Cap | Asian Granito India Share Price

₹45.55 -1.92 (-4.04%)

As on 24-Aug'26 16:59

Asian Granito India Ltd (ASIANTILES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532888 NSE: ASIANTILES Ceramics/Marble/Granite/Sanitaryware | Small Cap | Asian Granito India Share Price

₹45.55 -1.92 (-4.04%)

As on 24-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,407 Cr.
Current Price
₹45.6
52-Week Low / High
₹43 / 79
TTM EPS
₹0.4
TTM Sales
₹1,900 Cr.
Book Value per Share
₹51.6
P/E Ratio
111.68
Higher than its 5-year historical median
Industry PE
39.7
Price to Book (P/B)
0.92
Higher than its 5-year historical median
Price to Sales (P/S)
0.74
Higher than its 5-year historical median
EV/EBITDA
17.35
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.24%
Underperforms industry median
Return on Capital Employed (ROCE)
2.97%
Underperforms industry median
Return on Assets (ROA)
0.77%
Operating Profit Margin
5.1%
Net Profit Margin
1.01%
Gross Profit Margin
4.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.6%
Operating Profit Growth (1 Year)
-
8.12%
Net Profit Growth (1 Year)
-
89.68%
Asset Quality
Promoter Holding
38.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,234 Cr.
Equity
₹296.5 Cr.
Face Value
₹10
All Time Low / High
₹7.52 / 389.76

Asian Granito India stock performance

Key Ratios
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Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Asian Granito India Ltd a good quality company?
Asian Granito India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Asian Granito India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Asian Granito India Ltd vs industry peers?
Asian Granito India Ltd revenue CAGR is 7.53%, compared to the industry median CAGR of 0.61%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Asian Granito India Ltd?
Promoters hold 38.79% of the Asian Granito India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Asian Granito India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -10.2% based on the current price.
View More

10 Year X-Ray :

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.
Asian Granito India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ15.4%15.8%8.3%11.8%12.8%13.8%-6.6%1.1%2.3%3%-
Value Creation
Index ⓘ		0.10.1-0.4-0.2-0.10.0-1.5-0.9-0.8-0.8-

Growth Parameters ⓘ
Sales ⓘ1,0641,1561,1871,2251,2921,5641,5631,5311,7111,8581,900
Sales YoY Gr.-8.6%2.7%3.2%5.5%21%-0.1%-2.1%11.8%8.6%-
Adj EPS ⓘ8.811.14.18.110.58.2-6-10.30.50.4
YoY Gr.-25.9%-62.9%95.2%30.4%-22.4%-173.3%NANA77.8%-
BVPS (₹) ⓘ83.891.494.7104.2115.5120.999.198.150.751.451.6
Adj Net
Profit ⓘ		42.15319.738.456.761.9-75.8-12.97.914.313
Cash Flow from Ops. ⓘ62.79487.656.545.9-7.5-49.3-82.460.194-
Debt/CF from Ops. ⓘ5.23.64.15.76.2-25.3-4.4-2.964.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.4%7.5%5.9%8.6%
Adj EPS ⓘ-27.6%-46.1%NA77.8%
BVPSⓘ-5.3%-15%-19.7%1.4%
Share Price -10.4% -15.6% -5.3% -27.1%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		1112.74.47.99.98-7-10.610.8
Op. Profit
Mgn % ⓘ		11.812.17.29.110.57.7-4.62.95.15.14.7
Net Profit
Mgn % ⓘ		4.24.71.53.54.44-5.8-1.30.40.70.7
Debt to
Equity ⓘ		0.80.80.80.70.50.20.20.20.20.3-
Working Cap
Days ⓘ		178205224222220200213237249258123
Cash Conv.
Cycle ⓘ		89991079810310510390919354

Valuation of Asian Granito India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,0641,1561,1871,2251,2921,5641,5631,5311,7111,858
Operating Expenses ⓘ + 9391,0171,1031,1131,1571,4441,6351,4891,6241,764
Manufacturing Costs210202243194157242300287397364
Material Costs5816136417138239781,0549459191,080
Employee Cost 699411010891112120130167167
Other Costs ⓘ 791071099785113162129141153
Operating Profit ⓘ 12513984112135120-73418794
Operating Profit Margin (%) 11.7%12.0%7.1%9.1%10.4%7.7%-4.7%2.7%5.1%5.1%
Other Income ⓘ + 7591444921221726
Exceptional Items ⓘ 0000000000
Interest ⓘ 41393740352627313735
Depreciation ⓘ 24252731293034476664
Profit Before Tax ⓘ 6780295777114-112-15022
Tax ⓘ 192610112022-265-93
Profit After Tax 485419465892-87-201019
PAT Margin (%) 4.5%4.7%1.6%3.8%4.5%5.9%-5.6%-1.3%0.6%1.0%
Adjusted EPS (₹)9.511.14.48.910.612.1-5.7-1.00.40.7
Dividend Payout Ratio (%)8.70%7.40%8.70%5%3%4.30%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3994354514966239181,2561,2431,5021,523
Share Capital ⓘ 303030303457127127296296
Reserves ⓘ 3694054214665898611,1291,1161,2061,226
Debt +313323334309255168205225335389
Long Term Debt10411999811119081121122176
Short Term Debt20920523522814578123104213212
Minority Interest24293629303421132020
Trade Payables230297336310302281305275403387
Others Liabilities ⓘ 94106124115158128135151155153
Total Liabilities ⓘ 1,0601,1911,2811,2591,3671,5291,9221,9072,4152,472

Fixed Assets

Net Fixed Assets ⓘ +4134254714624574765767829941,009
Gross Block4454805515685856237539981,4271,459
Accumulated Depreciation335580106128147176215433451
CWIP ⓘ 11109245217704749
Investments ⓘ 172328304666132335
Inventories274276305292319329255267337342
Trade Receivables300401400374420469417405548555
Cash Equivalents 172133131940210576882
Others Assets ⓘ 383443788197272372418429
Total Assets ⓘ 1,0601,1911,2811,2591,3671,5291,9221,9072,4152,472
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 6394885646-7-49-826094
PBT ⓘ 6783335777114-112-15022
Adjustment ⓘ 635959636116786710189
Changes in Working Capital ⓘ -57-307-50-78-123-4-130-35-10
Tax Paid ⓘ -10-17-11-14-14-14-11-4-6-7
Cash Flow From Investing Activity ⓘ + -40-48-62-41-26-23-42371-114-101
Capex -39-48-63-55-39-72-255-75-126-103
Net Investments -3-2-3101046-1821366-3
Others ⓘ 23443315955
Cash Flow From Financing Activity ⓘ + -22-42-16-40109840884628
Net Proceeds from Shares ⓘ 0-135002284420730
Net Proceeds from Borrowing ⓘ 918-10-2148-21-840-5454
Interest Paid ⓘ -41-39-37-39-34-25-26-30-36-34
Dividend Paid ⓘ -2-2-4-2-2-2-9000
Others ⓘ 11-53021-2-839-2638
Net Cash Flow ⓘ 159-243067-64-4-822
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.1413.034.239.7210.311.95-7.99-1.590.721.24
ROCE (%)15.3815.818.2511.7812.8113.82-6.631.12.252.97
Asset Turnover Ratio1.131.040.960.970.991.080.910.80.790.76
PAT to CFO Conversion(x)1.311.744.631.220.79-0.08N/AN/A64.95
Working Capital Days
Receivable Days79.70108.80122.80115111.80103.60102.9097.90101.30108.10
Inventory Days83.3085.4089.1088.708675.5067.8062.2064.2066.50
Payable Days121.20156.90180.40165.50135.70108.80101.40112.10134.70133.50

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Announcements

Asian Granito India Ltd FAQs

The current trading price of Asian Granito India on 24-Aug-2026 16:59 is ₹45.55.

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 23-Aug-2026 the market cap of Asian Granito India stood at ₹1,407.4 Cr

The latest P/E ratio of Asian Granito India as of 23-Aug-2026 is 6,227.3.

The latest P/B ratio of Asian Granito India as of 23-Aug-2026 is 0.93.

The 52-week high of Asian Granito India is ₹79.08 and the 52-week low is ₹42.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Granito India is ₹1,113 ( Cr.) .

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

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

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

About Asian Granito India Ltd

Asian Granito India is engaged in manufacturing of flooring solutions. Incorporated in 1995, the company is one of the leading wall tile manufacturers in India. In wall segment, Asian Granito India are the biggest tile manufacture in India. The company has a marketing network of 18 depots at across the India, 10 Asian Exclusive showroom and 3000 business associates.

Company operates two plants located at Sabarkantha, Gujarat, spread over on an area of 2,30,000 Sq. Mtr. The total production capacity of these plant is 32300 Sq. Mtr. Per day of tiles. Company’s manufacturing facilities has received ISO 9001:2000 certifications for its quality management system by KPMG.

The company exports around 20% of its production to over more than 12 countries that include United States, Africa, Gulf and Middle East countries. The company has clientele namely Godrej, Reliance Industries, Mc Donald, DLF, HPCL, HDIL, Maruti Suzuki are among others.

Products

The company manufactures products such as wall tiles, vitrified tiles, ceramic floor tiles, marble and quartz stone and Aquart

The company has created brands namely stonext, future and bonzer 7

Awards

  • 1st Prize in Surat - Sthaptya 2003 
  • 1st Prize in Surat - Mega Show. June - 2004 
  • 2nd & 3rd Prize in Coimbatore - Mega Show. July - 2004 
  • 1st Prize in Bangalore - Mega Show. October - 2004 
  • 1st Prize in Ahmedabad - October - 2004 
  • 2nd & 3rd Prize in Kochi - Mega Show. October - 2004 
  • 2nd Prize in Delhi - Mega Show. December - 2004 
  • 1st Prize in Indore - Mega Show. January - 2005 
  • 2nd Prize in Ahmedabad - Mega Show. January - 2005 
  • 3rd Prize in Ludhiana - Mega Show. January - 2005 
  • 1st Prize in Chandigarh - Mega Show. February - 2005 
  • 1st Prize in Pune - Mega Show. February - 2005 
  • 3rd Prize in Surat - Mega Show. June - 2005 
  • 1st Prize in Coimbatore - Mega Show. July - 2005 
  • 1st Prize in Ludhiana - Mega Show. August - 2005 
  • 1st Prize in Hyderabad - Mega Show. September, 2005 
  • 2nd Prize in Kochi - Mega Show. October, 2005 
  • 1st Prize in Chandigarh - Mega Show. February, 2006 
  • 2nd Prize in Delhi - Mega Show. December, 2007 
  • 2nd Prize in Jaipur - Decor India Exhibition. January, 2010 
  • 1st Prize in Ahmedabad - MBA Property Show. February, 2010 

Milestones

  • 2000  Foundation stone laid for ASIAN TILES - Idar. 
  • 2001  Produced Ceramic floor tiles size: 12”x12” - 2500 Sq. Mtr. per day. 
  • 2002  Produced Ceramic floor tiles size: 16”x16” - 2500 Sq. Mtr. per day. 
  • 2003  Ceramic floor tiles total production capacity 6000 Sq. Mtr. Per day. 
  • 2004  Established ASIAN GRANITO INDIA LTD. Himatnagar - production of Vitrified Tiles -size: 24'x24' & 20”x20” - 4000 Sq. Mtr. Per day. 
  • 2005  Expansion of production 6000 Sq. Mtr. Per day with Vitrified Tiles Size: 36”x36”. 
  • 2006  Expansion of production 6000 Sq. Mtr. Per day with Vitrified Tiles Size: 800x1212mm. 
  • 2007  Launched of ASIAN WORLD (Company's Exclusive Showroom) in 14 cities Ahmedabad, Bangalore, Chennai, Coimbatore, Gandhinagar, Himmatnagar, Jaipur, Kochi, Mumbai, New Delhi, Pune, kolkata, Chandigarh & Surat. 
  • 2008  Company launched exclusive collection of wall tiles & Introduced India's largest & finest size: 900x300mm with 10000 Sq. Mtr. Production per day. 
  • 2009  Company started Production of Exclusive range of Asian Marble Stone (10x4 Feet Slabs) 
  • 2010  Start 15000 sq.mtr wall production Per day
  • 2010  Company started Production of Asian Quartz Stone (10x4 Feet Slabs) 
  • 2010  Launched Grestek Nxt Digital Ceramic wall Tiles 
  • 2010  Launched a new project Asian Nature’s fresh in Agro based Expansion.
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