Asian Granito India Ltd
NSE: ASIANTILES BSE: 532888
Asian Granito India Ltd (ASIANTILES) is a Diversified company listed on NSE: ASIANTILES | BSE: 532888. With a market cap of ₹1,770 Cr and ROCE of 2.3%, ROE of 2.02%, it operates in the Indian Diversified sector.
₹59.7
52W: ₹48.3 — ₹79.1
PE 60.6 · Book ₹62.6 · -5% vs bookMarket Cap₹1,770 Cr
Stock P/E60.6Price to Earnings
ROCE2.3%Return on Capital
ROE2.02%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 0.94 times its book value
- +Promoter holding has increased by 5.07% over last quarter.
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of 4.78% over past five years.
- −Tax rate seems low
- −Company has a low return on equity of 0.86% over last 3 years.
- −Earnings include an other income of Rs.22.5 Cr.
Shareholding Pattern
Promoters38.79%
FIIs1.05%
DIIs0.13%
Public60.03%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 29.02% | 29.02% | 33.52%▲4.5 | 33.52% | 33.52% | 33.46%▼0.1 | 33.72%▲0.3 | 38.79%▲5.1 |
| FIIs | 2.71% | 2.23%▼0.5 | 1.59%▼0.6 | 1.93%▲0.3 | 1.43%▼0.5 | 1.1%▼0.3 | 1.73%▲0.6 | 1.05%▼0.7 |
| DIIs | 0.39% | 0.26%▼0.1 | 0.22%▼0.0 | 0.22% | 0.22% | 0.14%▼0.1 | 0.17%▲0.0 | 0.13%▼0.0 |
| Public | 67.88% | 68.49%▲0.6 | 64.66%▼3.8 | 64.33%▼0.3 | 64.83%▲0.5 | 65.3%▲0.5 | 64.39%▼0.9 | 60.03%▼4.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 341.44 | 320.24 | 350.79 | 241.75 | 322.71 | 257.99 | 339.61 | 259.64 | 272.42 | 268.42 |
| Expenses | 329.03 | 315.01 | 342.62 | 239 | 318.17 | 259.6 | 334.44 | 251.72 | 261.93 | 260.51 |
| Operating Profit | 12.41 | 5.23 | 8.17 | 2.75 | 4.54 | -1.61 | 5.17 | 7.92 | 10.49 | 7.91 |
| OPM % | 3.63% | 1.63% | 2.33% | 1.14% | 1.41% | -0.62% | 1.52% | 3.05% | 3.85% | 2.95% |
| Net Profit | 8.45 | 6.44 | 9.06 | 2.01 | 2.2 | 1.13 | 11.71 | 5.25 | 7.79 | 4.45 |
| EPS ₹ | 0.67 | 0.51 | 0.71 | 0.16 | 0.17 | 0.08 | 0.8 | 0.36 | 0.34 | 0.19 |
AI Insights
Revenue Trend
TTM revenue at ₹1,140Cr, down 10.9% YoY. OPM at 3%.
Debt Position
Borrowings at ₹147Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.
Institutional Flow
DIIs: 0.13% (+0.13pp change). FIIs: 1.05% (-0.15pp change). Promoters hold 38.79%.
Margin & Efficiency
ROCE declining from 8% (Mar 2014) to 2% (Mar 2025). Working capital days: 116.
Valuation
PE 60.6x with 2.3% ROCE. Price is -5% above book value of ₹62.6. Dividend yield: 0%.
Recent Announcements
- Statement Of Deviation & Variation 12 May - Reg 32 statement for Rs 440.96 crore rights issue shows object variations as of 31 March 2026.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 12 May - ICRA monitoring report for Q4 FY2026 found no material deviation in rights issue proceeds utilization.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Asian Granito confirms it is not a Large Corporate under SEBI circular; outstanding long-term borrowing nil on March 31, 2026.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 24 Apr - FY2025-26 secretarial compliance report filed; no deviations or SEBI actions reported.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse