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ASI Industries Ltd (ASOCSTONE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502015 NSE: ASOCSTONE Mining & Minerals | Small Cap | ASI Industries Share Price

₹21.29 -1.06 (-4.74%)

As on 30-Oct'26 16:59

ASI Industries Ltd (ASOCSTONE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502015 NSE: ASOCSTONE Mining & Minerals | Small Cap | ASI Industries Share Price

₹21.29 -1.06 (-4.74%)

As on 30-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹201 Cr.
Current Price
₹21.3
52-Week Low / High
₹19 / 34
TTM EPS
₹3
TTM Sales
₹162 Cr.
Book Value per Share
₹32.6
P/E Ratio
7.57
Lower than its 5-year historical median
Industry PE
12.8
Price to Book (P/B)
0.69
Lower than its 5-year historical median
Price to Sales (P/S)
1.24
Lower than its 5-year historical median
EV/EBITDA
4.73
Lower than its 5-year historical median
Dividend Yield
1.88%
Profitability Efficiency
Return on Equity (ROE)
8.11%
Underperforms industry median
Return on Capital Employed (ROCE)
11.23%
In line with industry median
Return on Assets (ROA)
5.39%
Operating Profit Margin
13.5%
Net Profit Margin
15.19%
Gross Profit Margin
25.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.46%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-16.97%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.84%
Asset Quality
Promoter Holding
73.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹285 Cr.
Equity
₹9 Cr.
Face Value
₹1
All Time Low / High
₹0.48 / 65.89

ASI Industries stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is ASI Industries Ltd a good quality company?
ASI Industries 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 ASI Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of ASI Industries Ltd vs industry peers?
ASI Industries Ltd revenue CAGR is -2.90%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
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 Stock return of ASI Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 1.4% 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.
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 ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ14.3%11.1%11.6%0.8%4.9%-2.8%10.6%14.3%13.6%11.2%-
Value Creation
Index ⓘ		0.0-0.2-0.2-0.9-0.7-1.2-0.20.00.0-0.2-

Growth Parameters ⓘ
Sales ⓘ235239181143173202138145155149162
Sales YoY Gr.-1.7%-24.3%-20.7%20.7%16.5%-31.7%5.1%7%-3.5%-
Adj EPS ⓘ21.82.3-0.41.20.92.12.62.62.43
YoY Gr.--12%29.6%-116.7%NA-31.5%143.5%25.1%0.8%-6.5%-
BVPS (₹) ⓘ16.718.119.924.124.622.724.626.530.331.832.6
Adj Net
Profit ⓘ		16.614.618.9-3.211.27.718.623.423.52227
Cash Flow from Ops. ⓘ20.516.316.522.824.45619.633.6-3.415.7-
Debt/CF from Ops. ⓘ6.27.39.610.410.21.11.50.9-9.22.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-4.9%-2.9%2.8%-3.5%
Adj EPS ⓘ2.2%14.5%5.6%-6.5%
BVPSⓘ7.4%5.3%9%5.1%
Share Price 0.9% 7.4% 0.6% -32%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		7.76.37.7-1.23.82.66.27.476.29.2
Op. Profit
Mgn % ⓘ		12.511.9183.214.718.917.613.715.713.514.7
Net Profit
Mgn % ⓘ		76.110.4-2.26.53.813.616.215.214.716.4
Debt to
Equity ⓘ		0.90.811.21.10.30.10.10.10.10
Working Cap
Days ⓘ		259265377405255225321293298357176
Cash Conv.
Cycle ⓘ		118146202237186147182154122129116

Valuation of ASI Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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
Sales235239181143173202138145155149
Operating Expenses ⓘ + 206211148139148196116125130129
Manufacturing Costs57636250566965748181
Material Costs10810343464940330-0
Employee Cost 30342926273328293029
Other Costs ⓘ 10121416165419191920
Operating Profit ⓘ 292833525622202420
Operating Profit Margin (%) 12.4%11.9%18.0%3.2%14.4%3.0%16.1%13.7%15.7%13.5%
Other Income ⓘ + 117754611221920
Exceptional Items ⓘ 0000000000
Interest ⓘ 98786123222
Depreciation ⓘ 56667225554
Profit Before Tax ⓘ 262227-516-2225353733
Tax ⓘ 878-25-77101211
Profit After Tax 181419-311-1517252523
PAT Margin (%) 7.7%6.1%10.6%-2.2%6.3%-7.2%12.6%17.4%16.4%15.2%
Adjusted EPS (₹)2.21.82.3-0.41.2-1.61.92.82.82.5
Dividend Payout Ratio (%)13.80%17.20%13%0%0%0%10.40%12.60%14.20%15.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 226237252287307290307322353362
Share Capital ⓘ 8.298.298.298.299.019.019.019.019.019.01
Reserves ⓘ 218229244278298281298313344353
Debt +1181081442212326127283040
Long Term Debt575383941154063213
Short Term Debt6055611261172121252827
Minority Interest0000000000
Trade Payables9013731213
Others Liabilities ⓘ 37363648632923152827
Total Liabilities ⓘ 390382432558609383358366411431

Fixed Assets

Net Fixed Assets ⓘ +162172170186392174167165162158
Gross Block167183186208420207199200199195
Accumulated Depreciation5111622283332343737
CWIP ⓘ 00121936013313
Investments ⓘ 3836355570866085101110
Inventories1219201922129666
Trade Receivables93798468795963474751
Cash Equivalents 877131046423
Others Assets ⓘ 776810424304852559191
Total Assets ⓘ 390382432558609383358366411431
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 2116162324562034-316
PBT ⓘ 262227-516-2225353733
Adjustment ⓘ 68101314632-8-11-11
Changes in Working Capital ⓘ -3-4-1319021014-191
Tax Paid ⓘ -8-8-8-4-5-6-7-8-10-8
Cash Flow From Investing Activity ⓘ + -71-44-91-2613719-324-19
Capex -2-18-68-125-27199-1-32-13
Net Investments 00000-4728-35-6-16
Others ⓘ -51924351-15-77910
Cash Flow From Financing Activity ⓘ + -13-1928676-195-37-4-34
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -9-8-7-7-6-11-3-2-2-2
Dividend Paid ⓘ -2-2-2-2000-2-3-4
Others ⓘ -2-9387712-185-34-0210
Net Cash Flow ⓘ 1-20-14-22-2-21
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)14.0710.0412.12-1.75.21-6.848.1110.929.958.11
ROCE (%)14.2911.1311.610.844.85-2.7910.5814.3113.6311.23
Asset Turnover Ratio0.630.620.440.290.30.410.370.40.40.35
PAT to CFO Conversion(x)1.171.140.84N/A2.18N/A1.181.36-0.120.7
Working Capital Days
Receivable Days131.20130.80164.20193155124.90161.60139.40111.60120.30
Inventory Days17.1023.7039.2049.7043.4030.7027.6019.2014.3014.70
Payable Days57.40174.8015.4038.5045.30272.20224.401,234.700

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

ASI Industries Ltd FAQs

The current trading price of ASI Industries on 30-Oct-2026 16:59 is ₹21.29.

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 29-Oct-2026 the market cap of ASI Industries stood at ₹201.3 Cr

The latest P/E ratio of ASI Industries as of 29-Oct-2026 is 7.57.

The latest P/B ratio of ASI Industries as of 29-Oct-2026 is 0.69.

The 52-week high of ASI Industries is ₹33.60 and the 52-week low is ₹19.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ASI Industries is ₹162 ( Cr.) .

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

The key valuation ratios of ASI Industries 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 ASI Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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
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