Asian Granito India Ltd.

•

asiangranito.comBSE: 532888NSE: ASIANTILES

Market Cap₹ 1,496 Cr.

Current Price

High / Low₹ 79 / 42

Stock P/E6619.5

Book Value₹ 51

Price to Book1.12

Dividend Yield0.00 %

ROCE1.0 %

ROE0.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Tiles & Others: 87.7% • Marble & Quartz: 12.3%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Promoters have been increasing their shareholding - up 9.8pp over 2 years
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (295.6% of PBT)
Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 98.5% versus prior year
Company has a low return on capital employed of 1.9%
Company has a low return on equity of 1.2% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.11x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConstruction MaterialsCeramics/Marble/Granite/Sanitaryware

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	KAJARIACER	1240.35	35.71	19491.24	1.13	171.03	55.04	1328.08	20.43	23.07	19.69
2.	CERA	5690.40	29.84	7339.22	1.32	47.05	-0.86	422.19	5.36	19.41	13.05
3.	MIDWESTLTD	1061.80	34.58	3839.56	0.00	310.39	1173.13	1918.39	1248.46	27.81	25.47
4.	POKARNA	778.80	25.44	2414.59	0.08	42.60	50.56	189.42	10.79	11.85	35.89
5.	NITCO	92.50	0.00	2336.33	0.00	-10.33	-121.77	116.02	-22.48	6.58	-7.07
6.	SOMANYCERA	555.05	21.40	2276.42	1.08	34.23	365.71	749.56	24.62	14.43	11.50
7.	ASIANTILES	50.46	118.71	1496.01	0.00	8.07	11.48	530.95	36.76	2.97	6.19
8.	ORIENTBELL	418.90	29.19	616.43	0.24	8.32	2318.40	203.82	43.44	5.56	8.02
9.	EXXARO	6.45	70.47	288.58	0.00	2.07	156.24	85.22	31.25	3.69	8.18
10.	MURUDCERA	31.76	19.86	192.29	0.00	0.81	-58.06	50.09	8.54	5.23	19.10
11.	GSLSU	27.97	12.96	118.54	0.00	0.06	111.19	65.42	-12.19	-2.15	12.74
12.	PACIFICI	141.79	35.50	97.73	0.00	1.69	82.31	63.92	28.72	1.09	4.45

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	293	341	320	351	242	283	258	340	260	272	268	295	278
	289	329	315	343	239	284	260	334	252	262	261	294	275
Operating Profit	4	12	5	8	3	-1	-2	5	8	10	8	1	3
OPM %	1.29%	3.63%	1.63%	2.33%	1.14%	-0.41%	-0.62%	1.52%	3.05%	3.85%	2.95%	0.25%	0.99%
	12	8	10	12	5	6	6	6	6	6	5	-14	1
Interest	3	3	2	3	2	2	2	3	3	3	3	4	3
Depreciation	5	5	5	5	4	4	4	4	4	2	3	3	3
Profit before Tax	8	13	8	12	3	-1	-2	5	7	11	7	-21	3
Tax %	25.03%	35.79%	21.65%	22.03%	20.47%	-0.76%	173.08%	-121.37%	28.57%	27.80%	34.56%	31.72%	33.40%
Net Profit	6	8	6	9	2	-1	1	10	5	8	4	-14	2
	0.44	0.67	0.51	0.71	0.10	-0.06	0.05	0.35	0.23	0.34	0.19	-0.48	0.08

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	946	1,005	1,005	1,013	1,036	1,349	1,354	1,305	1,122	1,095	1,113
	867	920	965	950	939	1,267	1,397	1,286	1,121	1,077	1,091
Operating Profit	79	84	40	63	97	82	-43	19	1	18	22
OPM %	8.35%	8.39%	3.97%	6.22%	9.34%	6.11%	-3.16%	1.47%	0.08%	1.61%	1.97%
	8	5	7	12	5	50	35	52	27	12	-3
Interest	24	21	18	20	17	7	9	11	8	13	14
Depreciation	16	17	17	18	18	18	19	20	15	12	12
Profit before Tax	47	51	12	37	66	108	-35	41	4	4	0
Tax %	32.01%	34.89%	39.32%	20.23%	25.27%	18.34%	25.72%	26.96%	-182.50%	20.38%	-179.27%
Net Profit	32	33	7	30	49	88	-26	30	12	3	0
EPS	0.00	0.00	0.00	9.83	16.04	17.21	-2.23	2.33	0.40	0.11	—
Dividend Payout %	12.34%	11.86%	24.71%	7.12%	3.46%	4.52%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: 1%
3 Years:: -7%

COMPOUNDED PROFIT GROWTH

10 Years:: -16%
5 Years:: -42%
3 Years:: —

STOCK PRICE CAGR

10 Years:: -11%
5 Years:: -16%
3 Years:: -8%
1 Year:: -16%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 3%
3 Years:: 1%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	30	30	30	30	34	57	127	127	296	296
	318	348	350	377	492	780	1,094	1,123	1,208	1,211
	154	158	162	173	111	12	76	64	137	159
Trade Payables	226	253	293	243	236	186	245	230	254	237
	50	68	66	79	73	77	65	98	88	95
Total Liabilities	778	857	902	903	945	1,113	1,607	1,643	1,983	1,998
	231	227	231	246	235	239	248	238	174	191
Capital Work in Progress	1	1	0	1	0	1	0	0	31	0
	34	49	55	37	47	107	76	344	479	483
	196	200	215	203	221	214	156	130	59	56
	0	0	0	0	0	0	0	377	408	378
Cash & Bank	14	18	28	6	12	22	190	39	27	20
	301	362	374	411	430	530	938	515	805	869
Total Assets	778	857	902	903	945	1,113	1,607	1,643	1,983	1,998

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	80	56	55	-12	69	-12	-45	-28	-19	-2
Cash from Investing	-23	-17	-21	-0	-10	-43	-450	38	-131	-9
Cash from Financing	-47	-21	-19	-0	-28	111	462	-3	128	8
	-0	4	10	-23	19	43	-43	7	-21	-4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	29.02	29.02	33.52	33.52	33.52	33.46	33.72	38.79	38.79
	2.71	2.23	1.59	1.93	1.43	1.10	1.73	1.05	1.37
	0.39	0.26	0.22	0.22	0.22	0.14	0.14	0.11	0.13
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	67.88	68.50	64.67	64.33	64.83	65.30	64.41	60.05	59.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Shareholders meeting

2026-09-09 - Asian Granito India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 09, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-09

Shareholders meeting

2026-09-09 - Asian Granito India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 09, 2026

2026-08-25

Updates

2026-08-25 - Asian Granito India Limited has informed the Exchange regarding 'General updates'.

2026-08-17

Copy of Newspaper Publication

2026-08-17 - Asian Granito India Limited has informed the Exchange about AGM and e-voting procedure.

2026-08-14

General Updates

2026-08-14 - Asian Granito India Limited has informed the Exchange about dispatch of Letter to Shareholders - Annual Report FY 2025-26.

2026-08-14

Shareholders meeting

2026-08-14 - Asian Granito India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Asian Granito India Limited has informed the Exchange about Copy of Newspaper Publication - Intimation of 31st AGM of the Company through VC / OAVM.

2026-08-11

Press Release

2026-08-11 - Asian Granito India Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Asian Granito India Limited Announces Q1 FY2026-27 Results Consolidated Revenue up 28.5% YoY to Rs 530.95 Crore.".

2026-08-11

General Updates

2026-08-11 - Asian Granito India Limited has informed the Exchange about General Updates - Opening of Trading Window.

News

Recent coverage and analyst commentary for ASIANTILES

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Asian Granito India Ltd.

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Name

KAJARIACER

1240.35

35.71

19491.24

1.13

171.03

55.04

1328.08

20.43

23.07

19.69

CERA

5690.40

29.84

7339.22

1.32

47.05

-0.86

422.19

5.36

19.41

13.05

MIDWESTLTD

1061.80

34.58

3839.56

0.00

310.39

1173.13

1918.39

1248.46

27.81

25.47

POKARNA

778.80

25.44

2414.59

0.08

42.60

50.56

189.42

10.79

11.85

35.89

NITCO

92.50

0.00

2336.33

0.00

-10.33

-121.77

116.02

-22.48

6.58

-7.07

SOMANYCERA

555.05

21.40

2276.42

1.08

34.23

365.71

749.56

24.62

14.43

11.50

ASIANTILES

50.46

118.71

1496.01

0.00

8.07

11.48

530.95

36.76

2.97

6.19

ORIENTBELL

418.90

29.19

616.43

0.24

8.32

2318.40

203.82

43.44

5.56

8.02

EXXARO

6.45

70.47

288.58

0.00

2.07

156.24

85.22

31.25

3.69

8.18

MURUDCERA

31.76

19.86

192.29

0.00

0.81

-58.06

50.09

8.54

5.23

19.10

GSLSU

27.97

12.96

118.54

0.00

0.06

111.19

65.42

-12.19

-2.15

12.74

PACIFICI

141.79

35.50

97.73

0.00

1.69

82.31

63.92

28.72

1.09

4.45

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

293

341

320

351

242

283

258

340

260

272

268

295

278

289

329

315

343

239

284

260

334

252

262

261

294

275

Operating Profit

-1

-2

OPM %

1.29%

3.63%

1.63%

2.33%

1.14%

-0.41%

-0.62%

1.52%

3.05%

3.85%

2.95%

0.25%

0.99%

-14

Interest

Depreciation

Profit before Tax

-1

-2

-21

Tax %

25.03%

35.79%

21.65%

22.03%

20.47%

-0.76%

173.08%

-121.37%

28.57%

27.80%

34.56%

31.72%

33.40%

Net Profit

-1

-14

0.44

0.67

0.51

0.71

0.10

-0.06

0.05

0.35

0.23

0.34

0.19

-0.48

0.08

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

946

1,005

1,013

1,036

1,349

1,354

1,305

1,122

1,095

1,113

867

920

965

950

939

1,267

1,397

1,286

1,121

1,077

1,091

Operating Profit

-43

OPM %

8.35%

8.39%

3.97%

6.22%

9.34%

6.11%

-3.16%

1.47%

0.08%

1.61%

1.97%

-3

Interest

Depreciation

Profit before Tax

108

-35

Tax %

32.01%

34.89%

39.32%

20.23%

25.27%

18.34%

25.72%

26.96%

-182.50%

20.38%

-179.27%

Net Profit

-26

EPS

0.00

9.83

16.04

17.21

-2.23

2.33

0.40

0.11

—

Dividend Payout %

12.34%

11.86%

24.71%

7.12%

3.46%

4.52%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

127

296

318

348

350

377

492

780

1,094

1,123

1,208

1,211

154

158

162

173

111

137

159

Trade Payables

226

253

293

243

236

186

245

230

254

237

Total Liabilities

778

857

902

903

945

1,113

1,607

1,643

1,983

1,998

231

227

231

246

235

239

248

238

174

191

Capital Work in Progress

107

344

479

483

196

200

215

203

221

214

156

130

377

408

378

Cash & Bank

190

301

362

374

411

430

530

938

515

805

869

Total Assets

778

857

902

903

945

1,113

1,607

1,643

1,983

1,998

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-12

-45

-28

-19

-2

Cash from Investing

-23

-17

-21

-0

-10

-43

-450

-131

-9

Cash from Financing

-47

-21

-19

-0

-28

111

462

-3

128

-0

-23

-43

-21

-4

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

29.02

33.52

33.46

33.72

38.79

2.71

2.23

1.59

1.93

1.43

1.10

1.73

1.05

1.37

0.39

0.26

0.22

0.14

0.11

0.13

Government

0.00

67.88

68.50

64.67

64.33

64.83

65.30

64.41

60.05

59.71

Asian Granito India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Asian Granito India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI