Asian Granito IND. Ltd.
NSE: ASIANTILES · Ceramics · sector
₹46.15NSE close 2026-10-26
Key numbers
Market cap₹1,368 cr
Price₹46.15
52w high / low₹79 / ₹42
P/E60.7xSector median 28.7x
P/B0.9xSector median 1.6x
Book value₹51.4
Dividend yield–Sector median 0.81%
ROE0.9%Sector median 4.6%
ROCE2.2%Sector median 5.0%
OPM4.7%Sector median 7.3%
Debt / equity0.28xSector median 0.29x
EV/EBITDA19.2xSector median 12.0x
Interest cover1.3x
Current ratio1.75x
Sales growth 3y+5.9%Sector median +5.9%
Profit growth 3y–Sector median +4.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Ceramics (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹83 cr vs borrowings ₹428 cr (FY26): borrowings are higher by ₹345 cr.
- Borrowings rose in each of the last 3 years (₹214 cr → ₹428 cr).
- Operating profit covered interest 1.3x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 3.44 percentage points in a year, to 36.90% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 92% of net profit in the last 12 months.
- Debtor days went from 97 (FY24) to 109 (FY26).
- Dividend paid in 2 of the last 5 financial years.
- Price ₹46.15 on 2026-10-26: -41.6% from the 52-week high, +8.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹86.65 · low ₹41.51
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 384 | 360 | 472 | 388 | 407 | 424 | 538 | 531 |
| EBITDA | 15 | 16 | 29 | 25 | 37 | 41 | -21 | 33 |
| OPM % | 3.8% | 4.4% | 6.2% | 6.4% | 9.0% | 9.6% | -3.9% | 6.2% |
| Other income | 1 | 1 | 7 | 5 | 3 | 3 | 4 | 1 |
| Net profit | 6 | 0 | 19 | 7 | 16 | 20 | -32 | 8 |
| EPS (₹) | 0.51 | 0.02 | 1.29 | 0.32 | 0.70 | 0.87 | -1.08 | 0.27 |
| Revenue YoY | +6.1% | +17.8% | +14.2% | +36.8% | ||||
| Profit YoY | +151.0% | +7,333.3% | -268.5% | +8.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,564 | 1,563 | 1,531 | 1,559 | 1,858 | 1,900 |
| EBITDA | 125 | -68 | 51 | 76 | 104 | 89 |
| Net profit | 92 | -73 | -12 | 28 | 21 | 13 |
| EPS (₹) | 20.63 | -6.10 | -0.97 | 2.03 | 0.70 | 0.76 |
| Revenue growth | -0.1% | -2.1% | +1.8% | +19.2% | +18.5% | |
| Profit growth | -179.1% | – | – | -24.2% | -62.0% | |
| Dividend / share (₹) | 0.50 | 0.70 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.9% | +7.5% | +18.5% |
| Net profit | – | -18.2% | -62.0% |
| EPS | – | -48.1% | – |
| Share price | – | -17.8% (2y) | -25.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,256 | 1,267 | 1,368 | 1,523 |
| Borrowings | – | 214 | 235 | 261 | 428 |
| Cash & equivalents | – | 223 | 78 | 62 | 83 |
| Total assets | – | 1,932 | 1,907 | 2,098 | 2,472 |
| Fixed assets | – | 563 | 768 | 735 | 890 |
| Capital work in progress | – | 177 | 0 | 36 | 49 |
| Investments | – | 0 | 2 | 3 | 5 |
| Receivables | – | 418 | 405 | 507 | 555 |
| Inventory | – | 255 | 267 | 283 | 342 |
| Payables | – | 348 | 275 | 353 | 387 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2 | -49 | -82 | 81 | 94 |
| Cash from investing | -26 | -423 | 71 | -162 | -101 |
| Cash from financing | 90 | 407 | 8 | 72 | 28 |
| Capex | 78 | 257 | 79 | 179 | 134 |
| Free cash flow | -76 | -305 | -161 | -97 | -40 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -5.8% | -1.0% | 2.0% | 1.4% |
| ROCE % | – | -5.8% | 1.1% | 2.1% | 2.9% |
| Debtor days | – | 98 | 97 | 119 | 109 |
| Inventory days | – | 86 | 101 | 108 | 111 |
| Payable days | – | 118 | 104 | 135 | 126 |
| Cash conversion cycle (days) | – | 66 | 94 | 92 | 94 |
| Working capital days | – | 136 | 147 | 119 | 108 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 36.90% |
| FIIs | 1.59% |
| DIIs | 0.14% |
| Public (non-institutions) | 61.37% |
| Quarter | Jun 2025 | Jul 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 33.52% | 33.46% | 33.46% | 33.72% | 38.80% | 38.79% | 38.79% | 36.90% |
| Promoter group | % |
|---|---|
| Kamleshkumar Bhagubhai Patel | 4.22% |
| Mukeshbhai Jivabhai Patel | 3.29% |
| Shaunakkumar M Patel . | 2.62% |
| Patel Hiren Sureshkumar . | 2.57% |
| Vipulbhai Vinodbhai Patel . | 2.31% |
| Bhaveshbhai Vinodbhai Patel . | 2.04% |
| Asmitaben B Patel . | 1.74% |
| Pankaj M Patel . | 1.59% |
| Girish N Patel | 1.55% |
| Dipak Narayanbhai Patel | 1.40% |
| Hinaben Kamleshbhai Patel | 1.23% |
| Bhogilal Bhikhabhai Patel | 1.02% |
| Sureshbhai Jivabhai Patel . | 0.98% |
| Suresh Bhikhabhai Patel | 0.95% |
| Zalakkumari Hiren Patel . | 0.87% |
| Public holders above 1% | % |
|---|---|
| Thakkar Nileshkumar Farshuran (HUF) | 8.35% |
| Arthkumbh Ventures LLP | 2.85% |
| Goldenture Land Developers Private Limited | 2.43% |
| Hiren Pranjivanbhai Patel | 1.58% |
| Jayantibhai Madhabhai Patel | 1.50% |
| Goldenture Builders and Developers Private Limited | 1.21% |
| Patel Bhupendrakumar Ramjibhai | 1.05% |
81,743 shareholders. Pledged: 0.00% of promoter shares.
Peers in Ceramics
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| KAJARIACER | ₹17,816 cr | 32.6x | 5.8x | 18.8% | 24.5% | 17.7% | +3.3% | 1.07% |
| VARMORA | ₹2,780 cr | – | 2.4x | – | – | – | – | – |
| SOMANYCERA | ₹2,272 cr | 21.4x | 2.7x | 13.2% | 17.7% | 9.9% | +4.0% | 0.54% |
| NITCO | ₹1,642 cr | – | 4.5x | -9.4% | -2.8% | -7.3% | +12.2% | – |
| ASIANTILES | ₹1,368 cr | 60.7x | 0.9x | 0.9% | 2.2% | 4.7% | +5.9% | – |
| ORIENTBELL | ₹524 cr | 24.8x | 1.6x | 6.5% | 8.6% | 6.6% | -0.7% | 0.14% |
| EXXARO | ₹280 cr | 69.5x | 1.0x | 1.5% | 4.7% | 7.9% | -1.3% | – |
| MURUDCERA | ₹151 cr | 15.4x | 0.4x | 2.6% | 5.2% | 15.8% | +6.0% | 2.00% |
| MCPL | ₹93 cr | 7.2x | 0.8x | 11.3% | 20.1% | 12.1% | – | – |
| RESTILE | ₹83 cr | 76.5x | – | – | -2.1% | 4.2% | +41.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-07-30 | Other | Annual General Meeting |
| 2023-09-12 | Other | Annual General Meeting |
| 2022-09-08 | Other | Annual General Meeting |
| 2022-06-09 | Dividend | Dividend - Rs 0.70 Per Share |
| 2022-04-11 | Rights | Rights Issue 30:37@ Premium Rs 53/- |
| 2021-12-16 | Other | Annual General Meeting |
| 2021-10-11 | Dividend | Dividend - Rs 0.50 Per Sh |
| 2021-09-08 | Rights | Rights 19:29 @ Premium Rs 90/- |
| 2020-11-09 | Dividend | Annual General Meeting/Dividend - Rs 0.70 Per Share |
| 2019-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.60 Per Share |
| 2018-09-10 | Dividend | Annual General Meeting/Dividend Rs 1.30 Per Share |
| 2017-09-06 | Dividend | Annual General Meeting/Dividend - Re 0.80 Per Share |
| 2016-10-06 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-10 | Other | Annual General Meeting |
| 2014-09-23 | Other | Annual General Meeting |
| 2013-08-07 | Other | Annual General Meeting |
| 2012-09-13 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2011-09-22 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-09-16 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Ceramics |
| Sub-industry | Ceramics |
| Symbol | ASIANTILES |
| BSE code | 532888 |
| ISIN | INE022I01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.