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Prices as of 9 Oct 2026 close · Not investment advice

Asian Granito India Limited

NSE: ASIANTILESCeramics

Share price

₹45.59

-0.44% close of 9 Oct 2026

Market cap ₹1,349 CrP/E 103.6

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

54

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,349 Cr

P/E ratio

103.6

P/B ratio

0.9

ROCE

2.9%

ROE

1.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹77.8852-week low ₹43.42

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 17.3% over the past year, and 6.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 6.3% to 5.3% over the last four years.

Whether it grew faster than its sector

It grew 6.0% a year against a sector median of 11.3% — 5.3 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 3.3 times its growth rate, on earnings growth of 31%.

Profit growthPrice per ₹1 profitPer 1% growth
Asian Granito India Limited — this one31%/yr103.6×₹3.3
Kajaria Ceramics Limited14%/yr33.6×₹2.4
Varmora Granito Limited7%/yr48.9×₹7.0
Somany Ceramics Limited6%/yr21.5×₹3.6
Nitco Limited31%/yr——
Orient Bell Limited-16%/yr28.6×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Ceramics), it ranks 8 of 9 on returns, 5 of 8 on growth, 7 of 9 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 2.9% on capital, ahead of 11% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹16 crore of cash from the business but spent ₹632 crore on plant and equipment, ₹616 crore more than it made; the gap was from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 169 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 100 days for its cash to waiting 92 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 10 checks clear · 60%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 36.8% year on year while net profit rose 15.3%.

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹531 Cr

Revenue vs last year

+36.8%

Revenue vs last quarter

-1.3%

Net profit

₹8 Cr

Profit vs last year

+15.3%

Net margin

1.5%

EPS

₹0.27

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,349 Cr
Prev close
₹45.59
52w High
₹79.1
52w Low
₹42.5
Enterprise value
₹1,706 Cr
Beta
1.2
Price CAGR 1y
-18.0%
Price CAGR 3y
-11.0%
Price CAGR 5y
-17.0%
Price CAGR 10y
-12.0%

Ratios

Return on assets
0.8%
PEG ratio
3.3
P/E ratio
103.6
P/B ratio
0.9
EV / EBITDA
18.2
Industry P/E
33.1
ROCE
2.9%
ROCE 5y average
2.0%
ROE
1.3%
Debt / Equity
0.3
Interest coverage
1.6
Dividend yield
0.0%
ROE 3y average
0.0%
ROE last year
1.0%

Annual P&L

Annual revenue
₹1,858 Cr
Annual profit
₹19 Cr
Operating margin
5.0%
Net profit margin
1.0%
EBITDA margin
5.1%
Sales growth 3y
5.9%
Sales growth 5y
7.5%
Profit growth 3y
31.0%
Profit growth 5y
-20.0%
EPS
₹0.7
Sales growth TTM
17.0%
Profit growth TTM
131.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹531 Cr
Profit latest quarter
₹8 Cr
YoY quarterly sales growth
36.8%
YoY quarterly profit growth
11.5%
OPM latest quarter
6.2%

Balance Sheet

Book Value
₹51.4
Face Value
₹10.0
Total debt
₹439 Cr
Total cash
₹82 Cr
Borrowings
₹439 Cr
Reserves / Equity
4.1

Cash Flow

Operating cash flow
₹94 Cr
Free cash flow
-₹9 Cr
FCF yield
-3.2%
Net cash flow
₹21 Cr

Shareholding

Promoter holding
38.8%
FII holding
1.4%
DII holding
0.1%
Public holding
59.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Kajaria Ceramics1,226.2033.519,3011.14171.052.41,328.120.423.4
Varmora Granito136.3149.83,0820.009.5
Somany Ceramics621.1523.22,5490.9734.2242.7749.624.012.8
Nitco82.751,9890.00-10.3-121.6116.0-22.87.2
Asian Granito47.19107.41,3990.008.18.8531.036.82.9
Orient Bell432.5529.96340.238.41377.3201.043.35.6
Exxaro Tiles6.1366.92740.002.1155.685.231.34.3
Median109.5333.51,6940.008.152.4201.024.06.4

Competes with: Exxaro Tiles Limited, Kajaria Ceramics Limited, Murudeshwar Ceramics Limited, Nitco Limited, Orient Bell Limited, Regency Ceramics Limited, Somany Ceramics Limited, Varmora Granito Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales335401371424360384366515388407462539531
Expenses325381370404344369353500363370417559498
Material Cost7080695711091
Change in Inventories9.75-20-141.5839-8.62
Purchases of Stock-in-Trade219172176199236249
Employee Cost393641364340
Other Expenses104959990131126
Operating Profit9.64201.502016151315253745-2133
OPM %2.884.980.404.704.373.813.592.966.4199.73-3.886.19
Other Income5.511.201.284.430.891.030.768.584.803.343.483.951.45
Exceptional items (within Other Income)000000
Interest7.817.135.18117.026.227.06117.187.088.509.258.54
Depreciation9.71121213141314171413161616
Profit before tax-2.371.76-150.17-4.48-3.28-7.47-4.308.892024-439.81
Tax %50259-443,282-63-244-4613191522-2318
Net Profit-3.54-2.80-8.10-5.47-1.674.69-4.09-4.877.241719-338.07
EPS in Rs-0.19-0.10-0.49-0.19-0.150.51-0.31-0.260.510.700.88-1.080.27
Diluted EPS in Rs1.290.320.700.87-1.080.27

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8469941,0611,1561,1871,2251,2921,5641,5631,5301,7111,8581,938
Expenses7869039341,0171,0991,1071,1561,4441,6351,4801,6231,7641,844
Material Cost271394
Change in Inventories-153.67
Purchases of Stock-in-Trade697725
Employee Cost149167
Other Expenses381465
Operating Profit609112713988118136120-7350889494
OPM %791212710118-4.603.30554.80
Other Income11589105502113162612
Exceptional items (within Other Income)00
Interest23294139374035262731373533
Depreciation19282425273129303447666461
Profit before tax19356783335777114-112-150.412211
Tax %3032283130192519-2333-2,25514
Net Profit1526495723465892-87-209.881911
EPS in Rs1.772.914.054.741.883.794.527.26-5.74-0.970.710.700.77
Diluted EPS in Rs2.030.70
Dividend Payout %009795340000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
8%
3 years
6%
TTM
17%

Compounded profit growth

10 years
-2%
5 years
-20%
3 years
31%
TTM
131%

Stock price CAGR

10 years
-12%
5 years
-17%
3 years
-11%
1 year
-18%

Return on equity

10 years
3%
5 years
0%
3 years
0%
Last year
1%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2323303030303457127127296296
Reserves2673413694054214875928611,1291,1411,2061,226
Borrowings175335327340361332295199227248373439
Other Liabilities186251334416469410447412439391540510
Minority Interest9.3220
Total Liabilities6519501,0601,1911,2811,2591,3671,5291,9221,9072,4152,472
Fixed Assets1883924134264724634574765777839941,009
CWIP15611109245217704749
Investments1113172328304666132335
Other Assets4385396297317827578399351,1551,1011,3701,408
Total Assets6519501,0601,1911,2811,2591,3671,5291,9221,9072,4152,472

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity104216394885646-7-49-826094
Cash from Investing Activity-33-221-40-48-62-41-26-23-42371-115-102
Cash from Financing Activity-76203-22-42-16-40109840884628
Net Cash Flow-43159-243067-64-4-921
Free Cash Flow67-20224462527-80-304-157-66-8.78

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days71721031271231121191099797117109
Inventory Days13014517916417414914212388103134116
Days Payable9392150177192159134105106106160131
Cash Conversion Cycle10812513211410510212612780939194
Working Capital Days25293536203976100831289592
ROCE %91114169111210-6123

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters292929292934343433343939
FIIs1.070.971.362.712.231.591.931.431.101.731.051.37
DIIs0000.390.260.220.220.220.140.170.130.14
Public707070686865646565646060
No. of Shareholders88,42786,55988,17182,39688,86890,72788,99387,65284,95080,42777,03777,330

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -21.6% (₹58.16 → ₹45.59)Brick size ₹1.83 (fixed)Bricks 73
₹50.00₹60.00₹70.00₹45.59Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹45.59 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

13.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

357inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Asian Granito India Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Ceramic body clay & body raw materials
  • Feldspar & mineral fluxes
  • Glaze, frits, pigments & ceramic chemicals
  • Quartz / silica & stone aggregates

Depends on the price of

  • Natural gas
  • lpg_propane_butane

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Ceramics
Classification
Consumer Durables › Ceramics
ISIN
INE022I01019

Business segments

  • Tiles & Others · 88%
  • Marble & Quartz · 12%

Plants

  • AGL Dalpur Plant
  • AGL Dholka Plant
  • AGL Idar Plant
  • AGL Sanitaryware Plant — Morbi
  • Crystal Ceramic Mehsana Plant

News impact

Big market events that reach Asian Granito India Limited, and how the effect spreads.

Who it hits first

  • India's trade body DGTR has recommended a $1,526 per tonne duty on most Chinese glassware imports, with a lower $703 rate for one qualifying Chinese maker.
  • Borosil, the Indian glassware maker, jumped over 5% as investors bet costlier Chinese imports will let it charge better prices.
  • Makers of other consumer goods, from jewellery to paints, get no help since the duty covers glassware only.

Who may gain

  • Borosil shareholders, who gain if costlier Chinese imports let Indian glass sell at better prices
  • Indian kitchenware makers such as Cello World, the houseware rival, which face less cut-price competition
  • The government, which shows it will shield local makers from dumped imports

Along the supply chain

Downstream

No listed corporate buyers — the end users are shops and households, who may pay higher prices as cheap Chinese glassware gets costlier.

Upstream

Little near-term change for Borosil's packaging and service suppliers; only if Borosil makes and sells much more glassware would their orders grow.

Where demand moves

Business

Shops and homes that bought cheap Chinese glassware now face up to $1,526 a tonne in extra duty, so orders shift toward Indian makers like Borosil; total glassware demand does not grow, it moves home.

Capital

Investors buy Borosil shares on hopes of fatter margins, while unrelated consumer stocks see no new money from this glass-only duty.

How it spreads across sectors

Chemicals

Watchful mood: chemical makers hope trade action against cheap Chinese goods spreads to their own imports.

Consumer Durables

Positive but narrow: glassware makers gain shelter from cheap Chinese imports, while most consumer brands see no change in sales.

Textiles

Watchful mood: textile makers, long hit by cheap Chinese supply, hope for similar duty protection.

A pattern seen before

Cascade chain

  • Chinese glassware faces $1,526/tonne duty → Indian glass makers regain pricing power
  • Protection precedent lifts hopes for similar duties in Chemicals and Textiles
  • Import-dependent buyers shift orders toward domestic suppliers

Pattern name

China Cascade

Patterns

  • China Cascade

Sectors queried

  • Chemicals
  • Pharma
  • Textiles

When it plays out

Immediate

1–7 days: Borosil shares stay firm on duty hopes; other consumer stocks trade normally.

Medium term

1–6 months: if the duty is formally imposed, Borosil's prices and margins improve; if dropped, the gains fade.

Short term

1–4 weeks: Borosil tracks whether the government notifies the duty as recommended.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

9 Jun 2022unspecified₹0.7
11 Oct 2021unspecified₹0.5
9 Nov 2020unspecified₹0.7
20 Sep 2019unspecified₹0.6
10 Sep 2018unspecified₹1.3
6 Sep 2017unspecified₹0.8
6 Oct 2016interim₹0.5
13 Sep 2012unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
11 Sep 2026THAKKAR NILESHKUMAR FARSHURAM HUFBUY28,13,530₹50.34
3 Sep 2026THAKKAR NILESHKUMAR FARSHURAM HUFBUY25,18,702₹49.96
3 Sep 2026CORE INCBUY14,84,152₹49.95
3 Sep 2026CORE INCSELL14,84,152₹49.96
1 Sep 2026THAKKAR NILESHKUMAR FARSHURAM HUFBUY28,43,939₹50.25
1 Sep 2026CORE INCBUY24,84,416₹50.07
1 Sep 2026CORE INCSELL24,84,416₹50.26
1 Sep 2026M7 GLOBAL FUND PCC - CELL VERTEXSELL16,50,000₹50.09
27 Aug 2026THAKKAR NILESHKUMAR FARSHURAM HUFBUY17,35,289₹47.02
24 Aug 2026ARTHKUMBH VENTURES LLPBUY24,60,212₹46.15

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.