ASI Industries Ltd.

•

asigroup.co.inBSE: -NSE: ASOCSTONE

Market Cap₹ 222 Cr.

Current Price

High / Low—

Stock P/E8.8

Book Value₹ 33

Price to Book1.08

Dividend Yield1.62 %

ROCE13.6 %

ROE10.0 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Stone: 100.0% • Wind Power: 0.0%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Latest quarter profit grew 59.6% YoY, showing strong momentum
Operating margins have improved to 15.7% from 5.8%
Working capital cycle has improved - days down from 305 to 189
Company comfortably covers its interest (22.6x coverage)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (51.9% of PBT)
Recent results are weak - TTM profit is down 13.9% versus prior year
Company has a low return on equity of 9.7% over last 3 years
Company has delivered a poor sales growth of 1.5% over past five years

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

Peer comparison

Metals & MiningMiningMining & Minerals

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

S.No.	Name
1.	COALINDIA	431.50	8.52	265921.73	6.14	8849.81	1.32	46254.80	45.09	35.43	26.61
2.	NMDC	85.60	10.09	75257.96	4.09	1976.23	0.43	6795.25	0.84	27.98	35.89
3.	KIOCL	373.65	584.07	22708.62	0.00	-15.48	59.04	158.01	73.79	-10.27	-16.83
4.	GMDCLTD	574.65	19.11	18273.87	1.65	163.43	-0.21	906.64	23.76	18.28	21.12
5.	SANDUMA	201.00	13.63	9770.71	0.25	2278.50	1263.64	13747.80	1110.85	23.78	24.91
6.	ASHAPURMIN	550.90	12.93	5262.53	0.36	108.31	-4.91	1616.12	19.22	20.64	11.63
7.	MOIL	251.95	69.22	5126.81	2.12	513.84	—	2677.04	—	12.64	28.40
8.	DECNGOLD	219.55	1272.29	4412.31	0.00	-87.26	-210.25	6.03	1462.18	-20.83	-826.53
9.	ORISSAMINE	4145.25	0.00	2487.15	0.00	-7.61	75.80	28.99	330.83	-44.94	-32.24
10.	20MICRONS	217.95	11.35	769.07	0.57	17.74	5.22	244.72	-0.99	17.83	13.13
11.	ASOCSTONE	24.66	8.85	222.12	1.62	7.97	2887.41	44.18	-25.13	13.63	27.86
12.	OSWALMIN	28.90	1.07	22.40	0.00	—	—	—	—	5.85	—

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
	36	18	46	46	34	23	49	48	29	21	51	49	40
	30	22	34	39	31	25	35	40	26	22	37	43	36
Operating Profit	5	-4	12	6	3	-2	15	8	3	-2	14	5	4
OPM %	14.21%	-20.91%	26.53%	14.15%	10.03%	-7.68%	29.65%	16.90%	10.48%	-9.10%	26.71%	11.18%	9.84%
	2	4	4	12	4	4	5	6	5	4	6	5	4
Interest	0	1	1	1	0	0	0	1	1	0	0	1	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	6	-2	14	17	6	1	18	13	6	1	17	9	8
Tax %	23.09%	-3.80%	29.57%	25.17%	29.84%	43.82%	33.06%	29.61%	32.89%	13.83%	29.23%	37.47%	22.83%
Net Profit	4	-2	10	12	4	0	12	9	4	1	12	6	6
	0.47	-0.18	1.12	1.38	0.43	0.06	1.35	0.99	0.45	0.09	1.37	0.62	0.72

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	172	235	239	181	143	173	202	138	145	155	159
	141	206	211	148	139	148	196	116	125	130	138
Operating Profit	31	29	28	33	5	25	6	22	20	24	21
OPM %	18.24%	12.45%	11.88%	18.02%	3.16%	14.36%	3.02%	16.05%	13.73%	15.73%	13.17%
	9	11	7	7	5	4	6	11	22	19	19
Interest	12	9	8	7	8	6	12	3	2	2	2
Depreciation	5	5	6	6	6	7	22	5	5	5	4
Profit before Tax	23	26	22	27	-5	16	-22	25	35	37	36
Tax %	38.01%	29.43%	32.99%	29.27%	33.30%	29.88%	33.87%	30.22%	27.94%	31.63%	29.37%
Net Profit	14	18	14	19	-3	11	-15	17	25	25	25
EPS	0.00	0.00	0.00	0.00	-0.34	1.22	-1.62	1.92	2.79	2.83	—
Dividend Payout %	13.87%	13.78%	17.17%	13.02%	0.00%	0.00%	0.00%	10.43%	12.56%	14.16%	—

COMPOUNDED SALES GROWTH

10 Years:: -3%
5 Years:: 2%
3 Years:: -8%

COMPOUNDED PROFIT GROWTH

10 Years:: 3%
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 5%
3 Years:: 10%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7	8	8	8	8	9	9	9	9	9
	199	218	229	244	278	298	281	298	313	344
	104	127	119	158	235	248	64	29	28	30
Trade Payables	25	9	0	1	3	7	3	1	2	1
	21	27	25	22	33	47	26	20	15	18
Total Liabilities	356	390	382	432	558	609	383	358	366	401
	160	162	172	170	186	392	174	167	165	162
Capital Work in Progress	2	0	0	12	193	6	0	0	0	0
	28	38	36	35	55	70	86	60	85	101
	10	12	19	20	19	22	12	9	6	6
	0	0	0	0	0	0	0	0	47	47
Cash & Bank	12	8	7	7	13	10	4	6	4	2
	143	169	147	188	91	109	106	116	57	83
Total Assets	356	390	382	432	558	609	383	358	366	401

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3	29	25	24	27	29	62	26	34	-3
Cash from Investing	-11	-7	1	-44	-91	-26	137	19	-32	4
Cash from Financing	36	-13	-19	28	67	6	-195	-37	-4	-3
	4	1	-2	0	-1	4	-2	2	-2	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.51	72.90	73.07	73.07	73.07	73.07	73.07	73.07	73.07
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.49	27.10	26.93	26.93	26.93	26.93	26.93	26.93	26.93

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for ASOCSTONE

Loading news…

🤖

AI Stock Analyst

ASI Industries Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

COALINDIA

431.50

8.52

265921.73

6.14

8849.81

1.32

46254.80

45.09

35.43

26.61

NMDC

85.60

10.09

75257.96

4.09

1976.23

0.43

6795.25

0.84

27.98

35.89

KIOCL

373.65

584.07

22708.62

0.00

-15.48

59.04

158.01

73.79

-10.27

-16.83

GMDCLTD

574.65

19.11

18273.87

1.65

163.43

-0.21

906.64

23.76

18.28

21.12

SANDUMA

201.00

13.63

9770.71

0.25

2278.50

1263.64

13747.80

1110.85

23.78

24.91

ASHAPURMIN

550.90

12.93

5262.53

0.36

108.31

-4.91

1616.12

19.22

20.64

11.63

MOIL

251.95

69.22

5126.81

2.12

513.84

—

2677.04

—

12.64

28.40

DECNGOLD

219.55

1272.29

4412.31

0.00

-87.26

-210.25

6.03

1462.18

-20.83

-826.53

ORISSAMINE

4145.25

0.00

2487.15

0.00

-7.61

75.80

28.99

330.83

-44.94

-32.24

20MICRONS

217.95

11.35

769.07

0.57

17.74

5.22

244.72

-0.99

17.83

13.13

ASOCSTONE

24.66

8.85

222.12

1.62

7.97

2887.41

44.18

-25.13

13.63

27.86

OSWALMIN

28.90

1.07

22.40

0.00

—

5.85

—

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

Operating Profit

-4

-2

OPM %

14.21%

-20.91%

26.53%

14.15%

10.03%

-7.68%

29.65%

16.90%

10.48%

-9.10%

26.71%

11.18%

9.84%

Interest

Depreciation

Profit before Tax

-2

Tax %

23.09%

-3.80%

29.57%

25.17%

29.84%

43.82%

33.06%

29.61%

32.89%

13.83%

29.23%

37.47%

22.83%

Net Profit

-2

0.47

-0.18

1.12

1.38

0.43

0.06

1.35

0.99

0.45

0.09

1.37

0.62

0.72

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

172

235

239

181

143

173

202

138

145

155

159

141

206

211

148

139

148

196

116

125

130

138

Operating Profit

OPM %

18.24%

12.45%

11.88%

18.02%

3.16%

14.36%

3.02%

16.05%

13.73%

15.73%

13.17%

Interest

Depreciation

Profit before Tax

-5

-22

Tax %

38.01%

29.43%

32.99%

29.27%

33.30%

29.88%

33.87%

30.22%

27.94%

31.63%

29.37%

Net Profit

-3

-15

EPS

0.00

-0.34

1.22

-1.62

1.92

2.79

2.83

—

Dividend Payout %

13.87%

13.78%

17.17%

13.02%

0.00%

10.43%

12.56%

14.16%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

199

218

229

244

278

298

281

298

313

344

104

127

119

158

235

248

Trade Payables

Total Liabilities

356

390

382

432

558

609

383

358

366

401

160

162

172

170

186

392

174

167

165

162

Capital Work in Progress

193

101

Cash & Bank

143

169

147

188

109

106

116

Total Assets

356

390

382

432

558

609

383

358

366

401

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-3

Cash from Investing

-11

-7

-44

-91

-26

137

-32

Cash from Financing

-13

-19

-195

-37

-4

-3

-2

-1

-2

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.51

72.90

73.07

FIIs

0.00

DIIs

0.00

Government

0.00

27.49

27.10

26.93

ASI Industries 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

ASI Industries 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