Asian Granito India Ltd.

•

₹ 47.414.38%

2026-08-21

asiangranito.comBSE: 532888NSE: ASIANTILES

Market Cap₹ 1,348 Cr.

Current Price₹ 47

High / Low₹ 79 / 42

Stock P/E106.9

Book Value₹ 52

Price to Book1.11

Dividend Yield0.00 %

ROCE3.0 %

ROE1.2 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Tiles & Others: 87.6% • Marble & Quartz: 12.4%

PROS

Promoters have been increasing their shareholding - up 9.8pp over 2 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 8.23x)
Operating margins have improved to 5.1% from -3.3%
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (120.5% of PBT)
Recent results are weak - TTM profit is down 94.0% versus prior year
Company has a low return on capital employed of 2.1%
Company has a low return on equity of 0.1% over last 3 years
Interest coverage is weak at 1.6x - earnings barely cover interest

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

Peer comparison

EDIT COLUMNS

Consumer DurablesConstruction MaterialsCeramics/Marble/Granite/Sanitaryware

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	KAJARIACER	1220.60	35.14	19180.88	1.15	171.03	55.04	1328.08	20.43	23.07	19.69
2.	CERA	5866.90	30.76	7566.86	1.28	47.05	-0.86	422.19	5.36	19.41	13.05
3.	MIDWESTLTD	1150.25	37.46	4159.40	0.00	310.39	1173.13	1918.39	1248.46	27.81	25.47
4.	POKARNA	889.80	29.07	2758.74	0.07	42.60	50.56	189.42	10.79	11.85	35.89
5.	NITCO	89.80	0.00	2268.13	0.00	-10.33	-121.77	116.02	-22.48	-135.35	-7.07
6.	SOMANYCERA	510.50	19.69	2093.70	1.18	34.23	365.71	749.56	24.62	14.43	11.50
7.	ASIANTILES	45.46	106.95	1347.78	0.00	8.07	11.48	530.95	36.76	2.97	6.19
8.	ORIENTBELL	339.70	23.67	499.88	0.29	8.32	2318.40	203.82	43.44	5.56	8.02
9.	EXXARO	6.06	66.21	271.13	0.00	2.07	156.24	85.22	31.25	3.69	8.18
10.	MURUDCERA	30.50	19.08	184.66	0.00	0.81	-58.06	50.09	8.54	5.23	19.10
11.	GSLSU	34.95	0.00	148.12	0.00	0.06	111.19	65.42	-12.19	-2.15	12.74
12.	PACIFICI	151.10	37.83	104.15	0.00	1.69	82.31	63.92	28.72	3.09	4.45

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	335	401	371	424	360	376	366	515	388	407	424	538	531
	325	381	370	404	344	361	353	500	363	370	383	559	523
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	6	1	1	4	1	1	1	9	5	3	3	4	1
Interest	8	7	5	11	7	7	7	11	7	7	7	9	9
Depreciation	10	12	12	13	14	14	14	17	14	13	13	16	16
	-2	2	-14	0	-4	-6	-7	-4	9	20	24	-43	10
Tax %	-50.00%	259.09%	44.21%	3282.35%	63.39%	121.80%	45.65%	-13.49%	18.56%	15.00%	22.19%	23.21%	17.72%
Net Profit	0	0	0	0	3	47	-9	164	7	17	19	-33	8
	-0	-0	-0	-0	-0	0	-0	-0	0	1	1	-1	0
Equity Capital	127	127	127	127	212	212	232	147	232	232	232	296	296
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	127	127	127	127	212	212	232	147	232	232	232	296	296
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 335
: 325
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 8
Depreciation: 10
: -2
Tax %: -50.00%
Net Profit: 0
: -0
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 401
: 381
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 12
: 2
Tax %: 259.09%
Net Profit: 0
: -0
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 371
: 370
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 12
: -14
Tax %: 44.21%
Net Profit: 0
: -0
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 424
: 404
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 11
Depreciation: 13
: 0
Tax %: 3282.35%
Net Profit: 0
: -0
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 127
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 360
: 344
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 14
: -4
Tax %: 63.39%
Net Profit: 3
: -0
Equity Capital: 212
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 212
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 376
: 361
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 14
: -6
Tax %: 121.80%
Net Profit: 47
: 0
Equity Capital: 212
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 212
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 366
: 353
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 14
: -7
Tax %: 45.65%
Net Profit: -9
: -0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 515
: 500
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 11
Depreciation: 17
: -4
Tax %: -13.49%
Net Profit: 164
: -0
Equity Capital: 147
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 147
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 388
: 363
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 7
Depreciation: 14
: 9
Tax %: 18.56%
Net Profit: 7
: 0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 407
: 370
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 7
Depreciation: 13
: 20
Tax %: 15.00%
Net Profit: 17
: 1
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 424
: 383
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 7
Depreciation: 13
: 24
Tax %: 22.19%
Net Profit: 19
: 1
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 538
: 559
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 9
Depreciation: 16
: -43
Tax %: 23.21%
Net Profit: -33
: -1
Equity Capital: 296
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 296
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 531
: 523
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 9
Depreciation: 16
: 10
Tax %: 17.72%
Net Profit: 8
: 0
Equity Capital: 296
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 296
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,064	1,156	1,187	1,225	1,292	1,564	1,563	1,531	1,711	1,858	1,900
	939	1,017	1,103	1,113	1,157	1,444	1,635	1,489	1,624	1,764	1,835
Operating Profit	132	144	93	125	139	169	-51	63	104	120	—
OPM %	12	12	8	10	11	11	-3	4	6	6	—
Other Income	7	5	9	14	4	49	21	22	17	26	12
Interest	41	39	37	40	35	26	27	31	37	35	32
Depreciation	24	25	27	31	29	30	34	47	66	64	59
	67	80	29	57	77	114	-112	-15	0	22	11
Tax %	28	32	34	19	25	19	23	-33	-2,281	14	1
Net Profit	48	54	19	46	58	92	-87	-20	10	19	11
EPS	0	0	0	14	19	18	-6	-1	0	1	—
Dividend Payout %	9	7	9	5	3	4	0	0	0	0	—
Minority Interest	-4	-4	-2	-4	-1	-0	14	8	1	2	-0
Share of Associates	2	3	4	0	0	0	0	0	0	0	-0
Adjusted EPS	9	11	4	9	11	12	-6	-1	0	1	—
Minority Interest	-4	-4	-2	-4	-1	-0	14	8	1	2	-0
Share of Associates	2	3	4	0	0	0	0	0	0	0	-0
Adjusted EPS	9	11	4	9	11	12	-6	-1	0	1	—

Mar 2017

: 1,064
: 939
Operating Profit: 132
OPM %: 12
Other Income: 7
Interest: 41
Depreciation: 24
: 67
Tax %: 28
Net Profit: 48
EPS: 0
Dividend Payout %: 9
Minority Interest: -4
Share of Associates: 2
Adjusted EPS: 9
Minority Interest: -4
Share of Associates: 2
Adjusted EPS: 9

Mar 2018

: 1,156
: 1,017
Operating Profit: 144
OPM %: 12
Other Income: 5
Interest: 39
Depreciation: 25
: 80
Tax %: 32
Net Profit: 54
EPS: 0
Dividend Payout %: 7
Minority Interest: -4
Share of Associates: 3
Adjusted EPS: 11
Minority Interest: -4
Share of Associates: 3
Adjusted EPS: 11

Mar 2019

: 1,187
: 1,103
Operating Profit: 93
OPM %: 8
Other Income: 9
Interest: 37
Depreciation: 27
: 29
Tax %: 34
Net Profit: 19
EPS: 0
Dividend Payout %: 9
Minority Interest: -2
Share of Associates: 4
Adjusted EPS: 4
Minority Interest: -2
Share of Associates: 4
Adjusted EPS: 4

Mar 2020

: 1,225
: 1,113
Operating Profit: 125
OPM %: 10
Other Income: 14
Interest: 40
Depreciation: 31
: 57
Tax %: 19
Net Profit: 46
EPS: 14
Dividend Payout %: 5
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 9

Mar 2021

: 1,292
: 1,157
Operating Profit: 139
OPM %: 11
Other Income: 4
Interest: 35
Depreciation: 29
: 77
Tax %: 25
Net Profit: 58
EPS: 19
Dividend Payout %: 3
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 11
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 11

Mar 2022

: 1,564
: 1,444
Operating Profit: 169
OPM %: 11
Other Income: 49
Interest: 26
Depreciation: 30
: 114
Tax %: 19
Net Profit: 92
EPS: 18
Dividend Payout %: 4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 12

Mar 2023

: 1,563
: 1,635
Operating Profit: -51
OPM %: -3
Other Income: 21
Interest: 27
Depreciation: 34
: -112
Tax %: 23
Net Profit: -87
EPS: -6
Dividend Payout %: 0
Minority Interest: 14
Share of Associates: 0
Adjusted EPS: -6
Minority Interest: 14
Share of Associates: 0
Adjusted EPS: -6

Mar 2024

: 1,531
: 1,489
Operating Profit: 63
OPM %: 4
Other Income: 22
Interest: 31
Depreciation: 47
: -15
Tax %: -33
Net Profit: -20
EPS: -1
Dividend Payout %: 0
Minority Interest: 8
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 8
Share of Associates: 0
Adjusted EPS: -1

Mar 2025

: 1,711
: 1,624
Operating Profit: 104
OPM %: 6
Other Income: 17
Interest: 37
Depreciation: 66
: 0
Tax %: -2,281
Net Profit: 10
EPS: 0
Dividend Payout %: 0
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: 0

Mar 2026

: 1,858
: 1,764
Operating Profit: 120
OPM %: 6
Other Income: 26
Interest: 35
Depreciation: 64
: 22
Tax %: 14
Net Profit: 19
EPS: 1
Dividend Payout %: 0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 1

TTM

: 1,900
: 1,835
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 32
Depreciation: 59
: 11
Tax %: 1
Net Profit: 11
EPS: —
Dividend Payout %: —
Minority Interest: -0
Share of Associates: -0
Adjusted EPS: —
Minority Interest: -0
Share of Associates: -0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 8%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: -1%
5 Years:: -18%
3 Years:: —

STOCK PRICE CAGR

10 Years:: -10%
5 Years:: -14%
3 Years:: -5%
1 Year:: -25%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	30	30	30	30	34	57	127	127	296	296
	369	405	421	466	589	861	1,129	1,116	1,206	1,226
	223	221	262	240	175	99	133	104	213	212
Trade Payables	230	297	336	310	302	281	305	275	403	387
	208	237	232	213	267	231	228	285	297	350
Total Liabilities	1,060	1,191	1,281	1,259	1,367	1,529	1,922	1,907	2,415	2,472
ASSETS	-	-	-	-	-	-	-	-	-	-
	413	425	471	462	457	476	576	782	994	1,009
Capital Work in Progress	1	11	0	9	24	52	177	0	47	49
	17	23	28	30	46	66	13	23	3	5
	274	276	305	292	319	329	255	267	337	342
	0	0	0	0	0	0	0	405	548	555
Cash & Bank	17	21	33	13	19	40	210	57	68	82
	338	434	443	453	502	566	690	372	418	429
Total Assets	1,060	1,191	1,281	1,259	1,367	1,529	1,922	1,907	2,415	2,472
Total Debt	327	340	361	321	286	189	215	235	361	428
Net Working Capital	121	137	100	145	309	533	580	615	514	551
Contingent Liabilities	254	294	310	297	270	285	294	198	180	175
Book Value per Share	132.62	144.62	149.93	164.92	182.85	161.79	99.10	98.06	50.67	51.36
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	327	340	361	321	286	189	215	235	361	428
Net Working Capital	121	137	100	145	309	533	580	615	514	551
Contingent Liabilities	254	294	310	297	270	285	294	198	180	175
Book Value per Share	132.62	144.62	149.93	164.92	182.85	161.79	99.10	98.06	50.67	51.36
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 30
: 369
: 223
Trade Payables: 230
: 208
Total Liabilities: 1,060
: 413
Capital Work in Progress: 1
: 17
: 274
: 0
Cash & Bank: 17
: 338
Total Assets: 1,060
Total Debt: 327
Net Working Capital: 121
Contingent Liabilities: 254
Book Value per Share: 132.62
Face Value: 10.00
Total Debt: 327
Net Working Capital: 121
Contingent Liabilities: 254
Book Value per Share: 132.62
Face Value: 10.00

Mar 2018

Equity Capital: 30
: 405
: 221
Trade Payables: 297
: 237
Total Liabilities: 1,191
: 425
Capital Work in Progress: 11
: 23
: 276
: 0
Cash & Bank: 21
: 434
Total Assets: 1,191
Total Debt: 340
Net Working Capital: 137
Contingent Liabilities: 294
Book Value per Share: 144.62
Face Value: 10.00
Total Debt: 340
Net Working Capital: 137
Contingent Liabilities: 294
Book Value per Share: 144.62
Face Value: 10.00

Mar 2019

Equity Capital: 30
: 421
: 262
Trade Payables: 336
: 232
Total Liabilities: 1,281
: 471
Capital Work in Progress: 0
: 28
: 305
: 0
Cash & Bank: 33
: 443
Total Assets: 1,281
Total Debt: 361
Net Working Capital: 100
Contingent Liabilities: 310
Book Value per Share: 149.93
Face Value: 10.00
Total Debt: 361
Net Working Capital: 100
Contingent Liabilities: 310
Book Value per Share: 149.93
Face Value: 10.00

Mar 2020

Equity Capital: 30
: 466
: 240
Trade Payables: 310
: 213
Total Liabilities: 1,259
: 462
Capital Work in Progress: 9
: 30
: 292
: 0
Cash & Bank: 13
: 453
Total Assets: 1,259
Total Debt: 321
Net Working Capital: 145
Contingent Liabilities: 297
Book Value per Share: 164.92
Face Value: 10.00
Total Debt: 321
Net Working Capital: 145
Contingent Liabilities: 297
Book Value per Share: 164.92
Face Value: 10.00

Mar 2021

Equity Capital: 34
: 589
: 175
Trade Payables: 302
: 267
Total Liabilities: 1,367
: 457
Capital Work in Progress: 24
: 46
: 319
: 0
Cash & Bank: 19
: 502
Total Assets: 1,367
Total Debt: 286
Net Working Capital: 309
Contingent Liabilities: 270
Book Value per Share: 182.85
Face Value: 10.00
Total Debt: 286
Net Working Capital: 309
Contingent Liabilities: 270
Book Value per Share: 182.85
Face Value: 10.00

Mar 2022

Equity Capital: 57
: 861
: 99
Trade Payables: 281
: 231
Total Liabilities: 1,529
: 476
Capital Work in Progress: 52
: 66
: 329
: 0
Cash & Bank: 40
: 566
Total Assets: 1,529
Total Debt: 189
Net Working Capital: 533
Contingent Liabilities: 285
Book Value per Share: 161.79
Face Value: 10.00
Total Debt: 189
Net Working Capital: 533
Contingent Liabilities: 285
Book Value per Share: 161.79
Face Value: 10.00

Mar 2023

Equity Capital: 127
: 1,129
: 133
Trade Payables: 305
: 228
Total Liabilities: 1,922
: 576
Capital Work in Progress: 177
: 13
: 255
: 0
Cash & Bank: 210
: 690
Total Assets: 1,922
Total Debt: 215
Net Working Capital: 580
Contingent Liabilities: 294
Book Value per Share: 99.10
Face Value: 10.00
Total Debt: 215
Net Working Capital: 580
Contingent Liabilities: 294
Book Value per Share: 99.10
Face Value: 10.00

Mar 2024

Equity Capital: 127
: 1,116
: 104
Trade Payables: 275
: 285
Total Liabilities: 1,907
: 782
Capital Work in Progress: 0
: 23
: 267
: 405
Cash & Bank: 57
: 372
Total Assets: 1,907
Total Debt: 235
Net Working Capital: 615
Contingent Liabilities: 198
Book Value per Share: 98.06
Face Value: 10.00
Total Debt: 235
Net Working Capital: 615
Contingent Liabilities: 198
Book Value per Share: 98.06
Face Value: 10.00

Mar 2025

Equity Capital: 296
: 1,206
: 213
Trade Payables: 403
: 297
Total Liabilities: 2,415
: 994
Capital Work in Progress: 47
: 3
: 337
: 548
Cash & Bank: 68
: 418
Total Assets: 2,415
Total Debt: 361
Net Working Capital: 514
Contingent Liabilities: 180
Book Value per Share: 50.67
Face Value: 10.00
Total Debt: 361
Net Working Capital: 514
Contingent Liabilities: 180
Book Value per Share: 50.67
Face Value: 10.00

Mar 2026

Equity Capital: 296
: 1,226
: 212
Trade Payables: 387
: 350
Total Liabilities: 2,472
: 1,009
Capital Work in Progress: 49
: 5
: 342
: 555
Cash & Bank: 82
: 429
Total Assets: 2,472
Total Debt: 428
Net Working Capital: 551
Contingent Liabilities: 175
Book Value per Share: 51.36
Face Value: 10.00
Total Debt: 428
Net Working Capital: 551
Contingent Liabilities: 175
Book Value per Share: 51.36
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	63	94	88	56	46	-7	-49	-82	60	94
Cash from Investing	-40	-48	-62	-41	-26	-23	-423	71	-114	-101
Cash from Financing	-22	-42	-16	-40	10	98	408	8	46	28
	1	5	9	-24	30	67	-64	-4	-8	22
Free Cash Flow	63	49	27	30	14	-73	-304	-151	-416	59
OCF / Net Profit	1.31	1.73	4.67	1.23	0.80	-0.08	0.57	4.14	6.09	5.02
Cumulative 5-Year FCF	0	0	0	0	184	48	-305	-483	-929	-884
OCF / Net Profit	1.31	1.73	4.67	1.23	0.80	-0.08	0.57	4.14	6.09	5.02
Cumulative 5-Year FCF	0	0	0	0	184	48	-305	-483	-929	-884

Mar 2017

: 63
Cash from Investing: -40
Cash from Financing: -22
: 1
Free Cash Flow: 63
OCF / Net Profit: 1.31
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.31
Cumulative 5-Year FCF: 0

Mar 2018

: 94
Cash from Investing: -48
Cash from Financing: -42
: 5
Free Cash Flow: 49
OCF / Net Profit: 1.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.73
Cumulative 5-Year FCF: 0

Mar 2019

: 88
Cash from Investing: -62
Cash from Financing: -16
: 9
Free Cash Flow: 27
OCF / Net Profit: 4.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.67
Cumulative 5-Year FCF: 0

Mar 2020

: 56
Cash from Investing: -41
Cash from Financing: -40
: -24
Free Cash Flow: 30
OCF / Net Profit: 1.23
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.23
Cumulative 5-Year FCF: 0

Mar 2021

: 46
Cash from Investing: -26
Cash from Financing: 10
: 30
Free Cash Flow: 14
OCF / Net Profit: 0.80
Cumulative 5-Year FCF: 184
OCF / Net Profit: 0.80
Cumulative 5-Year FCF: 184

Mar 2022

: -7
Cash from Investing: -23
Cash from Financing: 98
: 67
Free Cash Flow: -73
OCF / Net Profit: -0.08
Cumulative 5-Year FCF: 48
OCF / Net Profit: -0.08
Cumulative 5-Year FCF: 48

Mar 2023

: -49
Cash from Investing: -423
Cash from Financing: 408
: -64
Free Cash Flow: -304
OCF / Net Profit: 0.57
Cumulative 5-Year FCF: -305
OCF / Net Profit: 0.57
Cumulative 5-Year FCF: -305

Mar 2024

: -82
Cash from Investing: 71
Cash from Financing: 8
: -4
Free Cash Flow: -151
OCF / Net Profit: 4.14
Cumulative 5-Year FCF: -483
OCF / Net Profit: 4.14
Cumulative 5-Year FCF: -483

Mar 2025

: 60
Cash from Investing: -114
Cash from Financing: 46
: -8
Free Cash Flow: -416
OCF / Net Profit: 6.09
Cumulative 5-Year FCF: -929
OCF / Net Profit: 6.09
Cumulative 5-Year FCF: -929

Mar 2026

: 94
Cash from Investing: -101
Cash from Financing: 28
: 22
Free Cash Flow: 59
OCF / Net Profit: 5.02
Cumulative 5-Year FCF: -884
OCF / Net Profit: 5.02
Cumulative 5-Year FCF: -884

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	14.98	17.51	6.94	14.02	16.74	16.20	-5.74	-0.97	0.35	0.70
Book Value (₹)	132.62	144.62	149.93	164.92	182.85	161.79	99.10	98.06	50.67	51.36
Dividend per Share (₹)	1.30	1.30	0.60	0.70	0.50	0.70	0.00	0.00	0.00	0.00
Cash EPS (₹)	15.12	16.74	9.67	16.13	16.13	16.09	-4.16	2.14	2.57	2.78
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	11.59%	12.26%	7.79%	10.21%	10.76%	10.78%	-3.27%	2.69%	5.08%	5.06%
Net Margin %	4.21%	4.63%	1.57%	3.75%	4.44%	5.88%	-5.53%	-1.30%	0.58%	1.01%
ROE %	13.14%	13.03%	4.23%	9.72%	10.30%	11.95%	-7.99%	-1.59%	0.72%	1.24%
ROCE %	15.38%	15.81%	8.25%	11.78%	12.81%	13.82%	-6.63%	1.10%	2.25%	2.97%
	4.76%	4.83%	1.52%	3.63%	4.39%	6.36%	-5.04%	-1.04%	0.46%	0.77%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	80	109	123	115	112	104	103	98	101	108
Inventory Days	83	85	89	89	86	75	68	62	64	67
Payable Days	121	157	180	166	136	109	101	112	135	134
	42	37	31	38	62	70	69	48	31	41
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.82x	0.78x	0.80x	0.65x	0.46x	0.21x	0.17x	0.19x	0.24x	0.28x
Interest Coverage (x)	2.64x	3.07x	1.77x	2.43x	3.21x	5.45x	-3.17x	0.52x	1.01x	1.62x
	1.24x	1.24x	1.15x	1.24x	1.58x	2.21x	2.06x	2.27x	1.68x	1.75x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	7.04%	8.62%	2.69%	3.19%	5.53%	21.01%	-0.07%	-2.06%	11.79%	8.60%
Operating Profit Growth %	42.86%	9.33%	-35.58%	35.21%	11.19%	21.17%	-130.38%	223.49%	64.61%	15.38%
Net Profit Growth %	101.63%	13.56%	-65.54%	145.75%	25.11%	59.85%	-194.37%	77.09%	149.62%	89.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	83.14%	136.55%	99.18%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	121.99x	80.85x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.58x	0.85x	1.11x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.25x	15.06x	16.88x

Mar 2017

EPS (₹): 14.98
Book Value (₹): 132.62
Dividend per Share (₹): 1.30
Cash EPS (₹): 15.12
Operating Margin %: 11.59%
Net Margin %: 4.21%
ROE %: 13.14%
ROCE %: 15.38%
: 4.76%
Debtor Days: 80
Inventory Days: 83
Payable Days: 121
: 42
Debt to Equity (x): 0.82x
Interest Coverage (x): 2.64x
: 1.24x
Revenue Growth %: 7.04%
Operating Profit Growth %: 42.86%
Net Profit Growth %: 101.63%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 17.51
Book Value (₹): 144.62
Dividend per Share (₹): 1.30
Cash EPS (₹): 16.74
Operating Margin %: 12.26%
Net Margin %: 4.63%
ROE %: 13.03%
ROCE %: 15.81%
: 4.83%
Debtor Days: 109
Inventory Days: 85
Payable Days: 157
: 37
Debt to Equity (x): 0.78x
Interest Coverage (x): 3.07x
: 1.24x
Revenue Growth %: 8.62%
Operating Profit Growth %: 9.33%
Net Profit Growth %: 13.56%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 6.94
Book Value (₹): 149.93
Dividend per Share (₹): 0.60
Cash EPS (₹): 9.67
Operating Margin %: 7.79%
Net Margin %: 1.57%
ROE %: 4.23%
ROCE %: 8.25%
: 1.52%
Debtor Days: 123
Inventory Days: 89
Payable Days: 180
: 31
Debt to Equity (x): 0.80x
Interest Coverage (x): 1.77x
: 1.15x
Revenue Growth %: 2.69%
Operating Profit Growth %: -35.58%
Net Profit Growth %: -65.54%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 14.02
Book Value (₹): 164.92
Dividend per Share (₹): 0.70
Cash EPS (₹): 16.13
Operating Margin %: 10.21%
Net Margin %: 3.75%
ROE %: 9.72%
ROCE %: 11.78%
: 3.63%
Debtor Days: 115
Inventory Days: 89
Payable Days: 166
: 38
Debt to Equity (x): 0.65x
Interest Coverage (x): 2.43x
: 1.24x
Revenue Growth %: 3.19%
Operating Profit Growth %: 35.21%
Net Profit Growth %: 145.75%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 16.74
Book Value (₹): 182.85
Dividend per Share (₹): 0.50
Cash EPS (₹): 16.13
Operating Margin %: 10.76%
Net Margin %: 4.44%
ROE %: 10.30%
ROCE %: 12.81%
: 4.39%
Debtor Days: 112
Inventory Days: 86
Payable Days: 136
: 62
Debt to Equity (x): 0.46x
Interest Coverage (x): 3.21x
: 1.58x
Revenue Growth %: 5.53%
Operating Profit Growth %: 11.19%
Net Profit Growth %: 25.11%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 16.20
Book Value (₹): 161.79
Dividend per Share (₹): 0.70
Cash EPS (₹): 16.09
Operating Margin %: 10.78%
Net Margin %: 5.88%
ROE %: 11.95%
ROCE %: 13.82%
: 6.36%
Debtor Days: 104
Inventory Days: 75
Payable Days: 109
: 70
Debt to Equity (x): 0.21x
Interest Coverage (x): 5.45x
: 2.21x
Revenue Growth %: 21.01%
Operating Profit Growth %: 21.17%
Net Profit Growth %: 59.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): -5.74
Book Value (₹): 99.10
Dividend per Share (₹): 0.00
Cash EPS (₹): -4.16
Operating Margin %: -3.27%
Net Margin %: -5.53%
ROE %: -7.99%
ROCE %: -6.63%
: -5.04%
Debtor Days: 103
Inventory Days: 68
Payable Days: 101
: 69
Debt to Equity (x): 0.17x
Interest Coverage (x): -3.17x
: 2.06x
Revenue Growth %: -0.07%
Operating Profit Growth %: -130.38%
Net Profit Growth %: -194.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -0.97
Book Value (₹): 98.06
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.14
Operating Margin %: 2.69%
Net Margin %: -1.30%
ROE %: -1.59%
ROCE %: 1.10%
: -1.04%
Debtor Days: 98
Inventory Days: 62
Payable Days: 112
: 48
Debt to Equity (x): 0.19x
Interest Coverage (x): 0.52x
: 2.27x
Revenue Growth %: -2.06%
Operating Profit Growth %: 223.49%
Net Profit Growth %: 77.09%
: 83.14%
P/E (x): 0.00x
P/B (x): 0.58x
Dividend Yield %: 0.00%
: 14.25x

Mar 2025

EPS (₹): 0.35
Book Value (₹): 50.67
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.57
Operating Margin %: 5.08%
Net Margin %: 0.58%
ROE %: 0.72%
ROCE %: 2.25%
: 0.46%
Debtor Days: 101
Inventory Days: 64
Payable Days: 135
: 31
Debt to Equity (x): 0.24x
Interest Coverage (x): 1.01x
: 1.68x
Revenue Growth %: 11.79%
Operating Profit Growth %: 64.61%
Net Profit Growth %: 149.62%
: 136.55%
P/E (x): 121.99x
P/B (x): 0.85x
Dividend Yield %: 0.00%
: 15.06x

Mar 2026

EPS (₹): 0.70
Book Value (₹): 51.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.78
Operating Margin %: 5.06%
Net Margin %: 1.01%
ROE %: 1.24%
ROCE %: 2.97%
: 0.77%
Debtor Days: 108
Inventory Days: 67
Payable Days: 134
: 41
Debt to Equity (x): 0.28x
Interest Coverage (x): 1.62x
: 1.75x
Revenue Growth %: 8.60%
Operating Profit Growth %: 15.38%
Net Profit Growth %: 89.69%
: 99.18%
P/E (x): 80.85x
P/B (x): 1.11x
Dividend Yield %: 0.00%
: 16.88x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 29.02
: 2.71
: 0.39
Government: 0.00
: 67.88

Sep 2024

: 29.02
: 2.23
: 0.26
Government: 0.00
: 68.50

Dec 2024

: 33.52
: 1.59
: 0.22
Government: 0.00
: 64.67

Mar 2025

: 33.52
: 1.93
: 0.22
Government: 0.00
: 64.33

Jun 2025

: 33.52
: 1.43
: 0.22
Government: 0.00
: 64.83

Sep 2025

: 33.46
: 1.10
: 0.14
Government: 0.00
: 65.30

Dec 2025

: 33.72
: 1.73
: 0.14
Government: 0.00
: 64.41

Mar 2026

: 38.79
: 1.05
: 0.11
Government: 0.00
: 60.05

Jun 2026

: 38.79
: 1.37
: 0.13
Government: 0.00
: 59.71

Documents

Announcements

Copy of Newspaper Publication
2026-08-17 - Asian Granito India Limited has informed the Exchange about AGM and e-voting procedure.
General Updates
2026-08-14 - Asian Granito India Limited has informed the Exchange about dispatch of Letter to Shareholders - Annual Report FY 2025-26.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Feb 2026
Transcript PPTREC
Nov 2025
TranscriptPPTREC
Aug 2025
TranscriptPPTREC