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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

₹55.01 0.52 (0.95%)

As on 24-Jun'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

₹55.01 0.52 (0.95%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,631 Cr.
Current Price
₹55
52-Week Low / High
₹54 / 79
TTM EPS
₹0.7
TTM Sales
₹1,858 Cr.
Book Value per Share
₹51.4
P/E Ratio
78.15
Higher than its 5-year historical median
Industry PE
47.1
Price to Book (P/B)
1.07
Higher than its 5-year historical median
Price to Sales (P/S)
0.88
Higher than its 5-year historical median
EV/EBITDA
16.41
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.57%
Underperforms industry median
Return on Capital Employed (ROCE)
2.18%
Underperforms industry median
Return on Assets (ROA)
1.03%
Operating Profit Margin
4.6%
Net Profit Margin
1.32%
Gross Profit Margin
3.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.82%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
73.23%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
38.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,226 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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Check Before You Invest

Valuation

Fair

Price Trend

Weak
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.

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.

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 4.94%, compared to the industry median CAGR of 0.00%, 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 -5.2% based on the current price.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.3%15.4%15.8%8.3%11.8%12.8%13.8%-6.6%1.1%2.2%-
Value Creation
Index
-0.20.10.1-0.4-0.2-0.10.0-1.5-0.9-0.8-

Growth Parameters

Sales 9941,0641,1561,1871,2251,2921,5641,5631,5311,5591,858
Sales YoY Gr.-7%8.6%2.7%3.2%5.5%21%-0.1%-2.1%1.8%-
Adj EPS 78.811.14.18.110.58.2-6-11.70.7
YoY Gr.-26.1%25.9%-62.9%95.2%30.4%-22.4%-173.3%NANA-
BVPS (₹) 92.383.891.494.7104.2115.5120.999.198.19351.4
Adj Net
Profit
2542.15319.738.456.761.9-75.8-12.924.721
Cash Flow from Ops. 20.762.79487.656.545.9-7.5-49.3-82.481.4-
Debt/CF from Ops. 16.25.23.64.15.76.2-25.3-4.4-2.93.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.1%4.9%-0.1%1.8%
Adj EPS -14.7%-26.9%-41%NA
BVPS0.1%-2.2%-8.4%-5.1%
Share Price -7.1% -13.5% 3.1% -16.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.71112.74.47.99.98-7-11.91
Op. Profit
Mgn %
9.211.812.17.29.110.57.7-4.62.94.64.6
Net Profit
Mgn %
2.54.24.71.53.54.44-5.8-1.31.11.1
Debt to
Equity
10.80.80.80.70.50.20.20.20.20.1
Working Cap
Days
154178205224222220200213237267123
Cash Conv.
Cycle
75899910798103105103909654

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9941,0641,1561,1871,2251,2921,5641,5631,5311,559
Operating Expenses + 9039391,0171,1031,1131,1571,4441,6351,4891,487
Manufacturing Costs166210202243194157242300287279
Material Costs6175816136417138239781,054945928
Employee Cost 59699411010891112120130149
Other Costs 60791071099785113162129130
Operating Profit 9112513984112135120-734171
Operating Profit Margin (%) 9.1%11.7%12.0%7.1%9.1%10.4%7.7%-4.7%2.7%4.6%
Other Income + 175914449212214
Exceptional Items -1000000000
Interest 29413937403526273126
Depreciation 28242527312930344751
Profit Before Tax 356780295777114-112-158
Tax 11192610112022-265-13
Profit After Tax 24485419465892-87-2021
PAT Margin (%) 2.4%4.5%4.7%1.6%3.8%4.5%5.9%-5.6%-1.3%1.3%
Adjusted EPS (₹)6.89.511.14.48.910.612.1-5.7-1.01.9
Dividend Payout Ratio (%)0%8.70%7.40%8.70%5%3%4.30%0%0%0%

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3563994354514966239181,2561,2431,368
Share Capital 23303030303457127127147
Reserves 3333694054214665898611,1291,1161,221
Debt +317313323334309255168205225251
Long Term Debt1181041199981111908112177
Short Term Debt19920920523522814578123104174
Minority Interest1924293629303421139
Trade Payables156230297336310302281305275353
Others Liabilities 10394106124115158128135151107
Total Liabilities 9501,0601,1911,2811,2591,3671,5291,9221,9072,087

Fixed Assets

Net Fixed Assets +392413425471462457476576782748
Gross Block6034454805515685856237539981,008
Accumulated Depreciation211335580106128147176215259
CWIP 6111092452177036
Investments 1317232830466613233
Inventories245274276305292319329255267283
Trade Receivables197300401400374420469417405507
Cash Equivalents 171721331319402105761
Others Assets 80383443788197272372448
Total Assets 9501,0601,1911,2811,2591,3671,5291,9221,9072,087

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 216394885646-7-49-8281
PBT 356783335777114-112-158
Adjustment 55635959636116786775
Changes in Working Capital -64-57-307-50-78-123-4-1305
Tax Paid -5-10-17-11-14-14-14-11-4-6
Cash Flow From Investing Activity + -221-40-48-62-41-26-23-42371-162
Capex -222-39-48-63-55-39-72-255-75-173
Net Investments -0-3-2-3101046-1821367
Others 12344331594
Cash Flow From Financing Activity + 203-22-42-16-401098408872
Net Proceeds from Shares 80-13500228442073
Net Proceeds from Borrowing 112918-10-2148-21-840-45
Interest Paid -29-41-39-37-39-34-25-26-30-25
Dividend Paid 0-2-2-4-2-2-2-900
Others 11311-53021-2-839-269
Net Cash Flow 3159-243067-64-4-8

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.6913.1413.034.239.7210.311.95-7.99-1.591.57
ROCE (%)11.2915.3815.818.2511.7812.8113.82-6.631.12.18
Asset Turnover Ratio1.361.131.040.960.970.991.080.910.80.78
PAT to CFO Conversion(x)0.881.311.744.631.220.79-0.08N/AN/A3.86
Working Capital Days
Receivable Days60.7079.70108.80122.80115111.80103.60102.9097.90106.60
Inventory Days73.1083.3085.4089.1088.708675.5067.8062.2064.30
Payable Days86.60121.20156.90180.40165.50135.70108.80101.40112.10123.40

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Asian Granito India Ltd FAQs

The current trading price of Asian Granito India on 24-Jun-2026 16:59 is ₹55.01.

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-Jun-2026 the market cap of Asian Granito India stood at ₹1,630.9 Cr

The latest P/E ratio of Asian Granito India as of 23-Jun-2026 is 504.6.

The latest P/B ratio of Asian Granito India as of 23-Jun-2026 is 1.08.

The 52-week high of Asian Granito India is ₹79.08 and the 52-week low is ₹54.27.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Granito India is ₹1,095 ( 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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