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Asian Granito India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹50.73Overvalued by 14.16%vs CMP ₹59.10

P/E (84.0) × ROE (1.4%) × BV (₹51.40) × DY (2.00%)

₹36.08Overvalued by 38.95%vs CMP ₹59.10
MoS: -63.8% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹41.3526%Over (-30%)
Graham NumberEarnings₹54.9416%Fair (-7%)
DCFCash Flow₹1.8216%Over (-96.9%)
Net Asset ValueAssets₹51.318%Over (-13.2%)
EV/EBITDAEnterprise₹18.3711%Over (-68.9%)
Earnings YieldEarnings₹26.108%Over (-55.8%)
ROCE CapitalReturns₹72.788%Under (+23.1%)
Revenue MultipleRevenue₹26.286%Over (-55.5%)
Consensus (8 models)₹36.08100%Overvalued
Key Drivers: EPS CAGR -18.5% drags value — could be higher if earnings stabilize. | ROE 1.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -18.5%

*Investments are subject to market risks

Analyst Summary

Asian Granito India Ltd operates in the Ceramics/Tiles/Sanitaryware segment, current market price is ₹59.10, market cap is 1,753 Cr.. At a glance, stock P/E is 84.0, ROE is 1.44 %, ROCE is 3.12 %, book value is 51.4, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹36.08, around 39.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,559 Cr versus the prior period change of 1.9%, while latest net profit is about ₹21 Cr with a prior-period change of 205.0%. The 52-week range shown on this page is 79.1/55.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAsian Granito India Ltd. is a Public Limited Listed company incorporated on 08/08/1995 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Asian Granito India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

52
Asian Granito India Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 3.1% WeakROE 1.4% WeakD/E 0.40 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 5.08% Positive
Earnings Quality65/100 · Strong
OPM expanding (2% → 4%) Improving
Quarterly Momentum70/100 · Strong
Revenue (4Q): +12% YoY GrowingOPM: 10.0% (up 6.0% YoY) Margin expansion
Industry Rank10/100 · Weak
P/E 84.0 vs industry 49.5 Premium to peersROCE 3.1% vs industry 10.6% Below peersROE 1.4% vs industry 9.0% Below peers3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:29 am

Market Cap 1,753 Cr.
Current Price 59.1
Intrinsic Value₹36.08
High / Low 79.1/55.0
Stock P/E84.0
Book Value 51.4
Dividend Yield0.00 %
ROCE3.12 %
ROE1.44 %
Face Value 10.0
PEG Ratio-4.54

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Asian Granito India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Asian Granito India Ltd 1,753 Cr. 59.1 79.1/55.084.0 51.40.00 %3.12 %1.44 % 10.0
Somany Ceramics Ltd 2,037 Cr. 497 610/33224.1 2050.81 %12.9 %10.5 % 2.00
Nitco Ltd 2,255 Cr. 93.8 164/64.068.5 15.20.00 %7.07 %10.8 % 10.0
Orient Bell Ltd 465 Cr. 316 364/23934.7 2240.16 %5.89 %4.16 % 10.0
Exxaro Tiles Ltd 286 Cr. 6.40 10.5/6.00136 6.220.00 %4.06 %0.76 % 1.00
Industry Average3,888.33 Cr911.2349.52212.130.49%10.55%9.01%6.10

All Competitor Stocks of Asian Granito India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 399456335401371424360384366493388407424
Expenses 428500325381370404344369353471363370383
Operating Profit -29-44102022016151322253741
OPM % -7%-10%3%5%0%5%4%4%4%4%6%9%10%
Other Income 7361141117533
Interest 610875117679777
Depreciation 991012121314131414141313
Profit before tax -36-60-22-140-4-3-7692024
Tax % -26%-20%50%259%-44%3,282%-63%-244%-46%-25%19%15%22%
Net Profit -27-48-4-3-8-5-25-4771719
EPS in Rs -1.78-3.53-0.19-0.10-0.49-0.19-0.150.51-0.310.530.510.700.87

Last Updated: February 6, 2026, 4:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 20, 2026, 2:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7758469941,0611,1561,1871,2251,2921,5641,5631,5301,5591,712
Expenses 7127869039341,0171,0991,1071,1561,4441,6351,4801,4871,587
Operating Profit 63609112713988118136120-735072124
OPM % 8%7%9%12%12%7%10%11%8%-5%3%5%7%
Other Income 1115891055021131318
Interest 21232941393740352627312630
Depreciation 22192824252731293034475154
Profit before tax 2219356783335777114-112-15858
Tax % 39%30%32%28%31%30%19%25%19%-23%33%-165%
Net Profit 121526495723465892-87-202150
EPS in Rs 1.451.772.914.054.741.883.794.527.26-5.74-0.971.872.61
Dividend Payout % -0%-0%-0%9%7%9%5%3%4%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)25.00%73.33%88.46%16.33%-59.65%100.00%26.09%58.62%-194.57%77.01%205.00%
Change in YoY Net Profit Growth (%)0.00%48.33%15.13%-72.14%-75.98%159.65%-73.91%32.53%-253.19%271.58%127.99%

Asian Granito India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:5%
3 Years:0%
TTM:4%
Compounded Profit Growth
10 Years:6%
5 Years:-8%
3 Years:-23%
TTM:289%
Stock Price CAGR
10 Years:0%
5 Years:-20%
3 Years:-5%
1 Year:-34%
Return on Equity
10 Years:3%
5 Years:1%
3 Years:-2%
Last Year:2%

Last Updated: September 4, 2025, 11:50 pm

Balance Sheet

Last Updated: June 17, 2026, 3:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 2323303030303457127127147296
Reserves 2673413694054214875928611,1291,1411,2211,226
Borrowings 175335327340361332295199227248272439
Other Liabilities 186251334416469410447412439391458510
Total Liabilities 6519501,0601,1911,2811,2591,3671,5291,9221,9072,0982,472
Fixed Assets 1883924134264724634574765777837491,009
CWIP 15611109245217703649
Investments 1113172328304666132335
Other Assets 4385396297317827578399351,1551,1011,3091,408
Total Assets 6519501,0601,1911,2811,2591,3671,5291,9221,9072,0982,472

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 104216394885646-7-49-828194
Cash from Investing Activity + -33-221-40-48-62-41-26-23-42371-162-101
Cash from Financing Activity + -76203-22-42-16-40109840887228
Net Cash Flow -43159-243067-64-4-822
Free Cash Flow 67-20224462527-80-304-157-92-9
CFO/OP 182%29%57%80%112%60%44%6%53%-156%122%97%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow63.00-115.00-244.00-200.00-201.00-273.00-214.00-159.00-79.00-300.00-198.00-200.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9071721031271231121191099797119
Inventory Days 15713014517916417414914212388103111
Days Payable 1079392150177192159134105106106139
Cash Conversion Cycle 140108125132114105102126127809391
Working Capital Days 252529353620397610083128105
ROCE %8%9%11%14%16%9%11%12%10%-6%1%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters 29.02%29.02%29.02%29.02%29.02%29.02%33.52%33.52%33.52%33.46%33.72%38.80%
FIIs 1.20%1.07%0.97%1.36%2.71%2.23%1.59%1.93%1.43%1.10%1.73%1.14%
DIIs 0.00%0.00%0.00%0.00%0.39%0.26%0.22%0.22%0.22%0.14%0.17%0.13%
Public 69.79%69.91%70.01%69.62%67.88%68.49%64.66%64.33%64.83%65.30%64.39%59.91%
No. of Shareholders 91,43788,42786,55988,17182,39688,86890,72788,99387,65284,95080,42777,773

Shareholding Pattern Chart

No. of Shareholders

Asian Granito India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.03-0.97-6.1020.6318.57
Diluted EPS (Rs.) 2.03-0.97-6.1020.6318.57
Cash EPS (Rs.) 4.852.14-4.1621.4424.97
Book Value[Excl.RevalReserv]/Share (Rs.) 93.0299.99100.78167.87192.58
Book Value[Incl.RevalReserv]/Share (Rs.) 93.0299.99100.78167.87192.58
Revenue From Operations / Share (Rs.) 105.99120.76123.30275.56379.48
PBDIT / Share (Rs.) 5.775.00-4.0529.7840.96
PBIT / Share (Rs.) 2.331.29-6.7424.4832.34
PBT / Share (Rs.) 0.53-1.18-8.8719.9722.08
Net Profit / Share (Rs.) 1.40-1.57-6.8616.1416.35
NP After MI And SOA / Share (Rs.) 1.87-0.96-5.7416.2016.74
PBDIT Margin (%) 5.444.14-3.2810.8010.79
PBIT Margin (%) 2.191.07-5.478.888.52
PBT Margin (%) 0.50-0.97-7.197.245.81
Net Profit Margin (%) 1.32-1.29-5.565.854.30
NP After MI And SOA Margin (%) 1.76-0.80-4.655.874.41
Return on Networth / Equity (%) 2.01-0.96-5.7810.019.10
Return on Capital Employeed (%) 2.331.15-6.2112.8013.21
Return On Assets (%) 1.31-0.64-3.786.014.16
Long Term Debt / Equity (X) 0.050.090.060.090.17
Total Debt / Equity (X) 0.190.180.170.200.40
Asset Turnover Ratio (%) 0.770.790.901.090.94
Current Ratio (X) 1.802.272.062.201.58
Quick Ratio (X) 1.361.721.591.460.98
Inventory Turnover Ratio (X) 5.665.860.940.670.53
Dividend Payout Ratio (NP) (%) 0.000.00-12.201.863.79
Dividend Payout Ratio (CP) (%) 0.000.00-23.011.402.50
Earning Retention Ratio (%) 0.000.00112.2098.1496.21
Cash Earning Retention Ratio (%) 0.000.00123.0198.6097.50
Interest Coverage Ratio (X) 3.222.02-1.906.613.99
Interest Coverage Ratio (Post Tax) (X) 1.780.36-2.224.582.59
Enterprise Value (Cr.) 842.50915.91468.31744.79757.23
EV / Net Operating Revenue (X) 0.540.590.290.470.58
EV / EBITDA (X) 9.9214.45-9.124.415.43
MarketCap / Net Operating Revenue (X) 0.400.470.280.350.37
Retention Ratios (%) 0.000.00112.2098.1396.20
Price / BV (X) 0.460.570.350.610.78
Price / Net Operating Revenue (X) 0.400.470.280.350.37
EarningsYield 0.04-0.01-0.160.160.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Asian Granito India Ltd. is a Public Limited Listed company incorporated on 08/08/1995 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L17110GJ1995PLC027025 and registration number is 027025. Currently Company is involved in the business activities of Manufacture of refractory ceramic products. Company's Total Operating Revenue is Rs. 1279.58 Cr. and Equity Capital is Rs. 147.05 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware202, Dev Arc, Ahmedabad Gujarat 380059Contact not found
Management
NamePosition Held
Mr. Kamleshbhai PatelChairman & Managing Director
Mr. Mukeshbhai J PatelManaging Director
Mr. Sureshbhai PatelExecutive Director
Mr. Bhaveshbhai PatelExecutive Director
Mr. Bhogibhai PatelExecutive Director
Mr. Hemendrakumar ShahIndependent Director
Mr. Mukesh ShahIndependent Director
Mr. Maganlal ParajapatiIndependent Director
Mr. Kandarp TrivediIndependent Director
Dr. Yashree DixitIndependent Director

FAQ

What is the intrinsic value of Asian Granito India Ltd and is it undervalued?

As of 19 June 2026, Asian Granito India Ltd's intrinsic value is ₹36.08, which is 38.95% lower than the current market price of ₹59.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.44 %), book value (₹51.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Asian Granito India Ltd?

Asian Granito India Ltd is trading at ₹59.10 as of 19 June 2026, with a FY2026-2027 high of ₹79.1 and low of ₹55.0. The stock is currently near its 52-week low. Market cap stands at ₹1,753 Cr..

How does Asian Granito India Ltd's P/E ratio compare to its industry?

Asian Granito India Ltd has a P/E ratio of 84.0, which is above the industry average of 49.52. The premium over industry average may reflect growth expectations or speculative interest.

Is Asian Granito India Ltd financially healthy?

Key indicators for Asian Granito India Ltd: ROCE of 3.12 % is on the lower side compared to the industry average of 10.55%; ROE of 1.44 % is below ideal levels (industry average: 9.01%). Dividend yield is 0.00 %.

Is Asian Granito India Ltd profitable and how is the profit trend?

Asian Granito India Ltd reported a net profit of ₹21 Cr in Mar 2025 on revenue of ₹1,559 Cr. Compared to ₹92 Cr in Mar 2022, the net profit shows a declining trend.

Does Asian Granito India Ltd pay dividends?

Asian Granito India Ltd has a dividend yield of 0.00 % at the current price of ₹59.10. The company is currently not paying meaningful dividends.

Last Updated: June 12, 2026, 4:29 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Asian Granito India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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