Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:09 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 502015 | NSE: ASIIL

Asi Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.25Overvalued by 22.99%vs CMP ₹21.10

P/E (7.3) × ROE (7.0%) × BV (₹38.90) × DY (1.89%)

₹34.84Undervalued by 65.12%vs CMP ₹21.10
MoS: +39.4% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 2 Fair, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹22.8723%Fair (+8.4%)
Graham NumberEarnings₹50.3817%Under (+138.8%)
Earnings PowerEarnings₹20.2411%Fair (-4.1%)
DCFCash Flow₹69.1711%Under (+227.8%)
Net Asset ValueAssets₹38.877%Under (+84.2%)
EV/EBITDAEnterprise₹24.109%Under (+14.2%)
Earnings YieldEarnings₹29.007%Under (+37.4%)
ROCE CapitalReturns₹36.217%Under (+71.6%)
Revenue MultipleRevenue₹17.216%Over (-18.4%)
Consensus (9 models)₹34.84100%Undervalued
Key Drivers: EPS CAGR 40.7% lifts DCF — verify sustainability. | Wide model spread (₹17–₹69) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 40.7%

*Investments are subject to market risks

Investment Snapshot

49
Asi Industries Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 9.9% AverageROE 7.0% AverageD/E 0.69 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 73.1% Stable
Earnings Quality55/100 · Moderate
OPM expanding (12% → 15%) ImprovingWorking capital: 157 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -2% YoY FlatProfit (4Q): -7% YoY Declining
Industry Rank35/100 · Weak
P/E 7.3 vs industry 15.4 Cheaper than peersROCE 9.9% vs industry 19.6% Below peersROE 7.0% vs industry 16.9% Below peers3Y sales CAGR: -8% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Asi Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 7.3 vs Ind 15.4 | ROCE 9.9% | ROE 7.0% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.69x | IntCov 0.0x | Current 1.44x | Borrow/Reserve 0.04x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹25 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +142.9% | Q NP +1,100.0% | Q OPM +36.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+65.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-184Latest shareholder count minus previous count
Quarterly Sales Change+142.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+1,100.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+36.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:09 am

Market Cap 190 Cr.
Current Price 21.1
Intrinsic Value₹34.84
High / Low 39.9/19.0
Stock P/E7.31
Book Value 38.9
Dividend Yield1.89 %
ROCE9.88 %
ROE7.01 %
Face Value 1.00
PEG Ratio0.18

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

View Share Price Target for Asi Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Asi Industries Ltd 190 Cr. 21.1 39.9/19.07.31 38.91.89 %9.88 %7.01 % 1.00
20 Microns Ltd 520 Cr. 147 284/1308.03 1290.85 %19.2 %16.3 % 5.00
South West Pinnacle Exploration Ltd 647 Cr. 217 243/10022.6 60.90.00 %11.7 %9.02 % 10.0
Deccan Gold Mines Ltd 1,808 Cr. 91.4 162/83.8 10.30.00 %21.1 %14.2 % 1.00
Orissa Minerals Development Company Ltd 2,028 Cr. 3,381 6,139/3,100 85.40.00 %38.5 %% 1.00
Industry Average51,564.31 Cr471.3415.4197.991.59%19.57%16.87%5.18

All Competitor Stocks of Asi Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 44433618464634234948292151
Expenses 32333022343931253540262237
Operating Profit 13105-41263-21583-214
OPM % 28%23%14%-21%27%14%10%-8%30%17%11%-9%27%
Other Income 34244124456546
Interest 1101110001100
Depreciation 1111111111111
Profit before tax 13126-214176118136117
Tax % 38%15%23%4%30%25%30%43%33%30%33%14%29%
Net Profit 8104-21012401294112
EPS in Rs 0.921.150.47-0.181.121.380.430.061.350.990.450.091.37

Last Updated: February 3, 2026, 2:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:00 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 131209172235239181143173202138145155149
Expenses 104172141206211148139148191113125130126
Operating Profit 2637312929335251124202423
OPM % 20%18%18%12%12%18%3%15%5%18%14%16%15%
Other Income 39911775319221921
Interest 681298786123222
Depreciation 86556667225555
Profit before tax 163123262227-516-2225353737
Tax % 35%41%38%29%33%29%-33%30%-34%30%28%32%
Net Profit 101814181419-311-1517252526
EPS in Rs 1.212.221.732.181.752.30-0.371.22-1.621.922.792.832.90
Dividend Payout % 16%11%14%14%17%13%0%0%0%10%13%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)80.00%-22.22%28.57%-22.22%35.71%-115.79%466.67%-236.36%213.33%47.06%0.00%
Change in YoY Net Profit Growth (%)0.00%-102.22%50.79%-50.79%57.94%-151.50%582.46%-703.03%449.70%-166.27%-47.06%

Asi Industries 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:-3%
5 Years:2%
3 Years:-8%
TTM:4%
Compounded Profit Growth
10 Years:4%
5 Years:57%
3 Years:62%
TTM:3%
Stock Price CAGR
10 Years:11%
5 Years:22%
3 Years:36%
1 Year:-19%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:7%
Last Year:7%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: December 4, 2025, 2:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7778889999999
Reserves 170185199218229244278298281298313344341
Borrowings 43901041271191582362486429293115
Other Liabilities 23924636252234492326192231
Total Liabilities 243374356390382432558604377362370405396
Fixed Assets 167160160162172170186392174167165162157
CWIP 0020012193601332
Investments 42283836355570866085101100
Other Assets 71212165189173215124136117134116140137
Total Assets 243374356390382432558604377362370405396

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 346-212116162324562034-3
Cash from Investing Activity + -3-55-11-71-44-91-2613719-324
Cash from Financing Activity + -91436-13-1928676-195-37-4-3
Net Cash Flow -9441-2-0-14-22-2-2
Free Cash Flow 245-2819-1-52-103-32551830-2
CFO/OP 34%141%-28%98%87%74%593%116%575%109%209%28%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-17.00-53.00-73.00-98.00-90.00-125.00-231.00-223.00-53.00-5.00-9.00-7.00

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 116204162144120170172167106168119112
Inventory Days 21450744169175155168114
Days Payable 02651853126265527
Cash Conversion Cycle 330-1150154187339300281193168119112
Working Capital Days 418956596050-172-12196171135157
ROCE %9%15%11%10%8%9%1%4%-1%9%10%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.51%72.51%72.51%72.51%72.51%72.51%72.90%73.07%73.07%73.07%73.07%73.07%
Public 27.49%27.50%27.49%27.50%27.49%27.49%27.09%26.93%26.92%26.93%26.92%26.92%
No. of Shareholders 5,4515,4996,0127,89411,41811,41010,84612,01112,45112,23212,16911,985

Shareholding Pattern Chart

No. of Shareholders

Asi Industries 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 22Mar 21Mar 20Mar 19Mar 18
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -6.211.323.492.712.32
Diluted EPS (Rs.) -6.211.323.492.712.32
Cash EPS (Rs.) -1.463.195.284.634.21
Book Value[Excl.RevalReserv]/Share (Rs.) 32.4338.8036.7030.8728.50
Book Value[Incl.RevalReserv]/Share (Rs.) 32.4338.8036.7030.8728.50
Revenue From Operations / Share (Rs.) 26.4325.1823.0431.3737.91
PBDIT / Share (Rs.) -0.964.496.126.696.36
PBIT / Share (Rs.) -5.812.564.274.774.47
PBT / Share (Rs.) -7.131.783.263.663.18
Net Profit / Share (Rs.) -6.301.263.432.712.32
NP After MI And SOA / Share (Rs.) -6.211.323.492.712.32
PBDIT Margin (%) -3.6417.8126.5721.3116.78
PBIT Margin (%) -21.9810.1518.5315.1911.79
PBT Margin (%) -26.977.0814.1511.688.40
Net Profit Margin (%) -23.845.0214.908.646.13
NP After MI And SOA Margin (%) -23.485.2215.138.646.13
Return on Networth / Equity (%) -19.133.399.498.788.15
Return on Capital Employeed (%) -13.864.438.029.9910.72
Return On Assets (%) -12.291.614.464.164.08
Long Term Debt / Equity (X) 0.290.450.430.520.44
Total Debt / Equity (X) 0.370.810.850.790.69
Asset Turnover Ratio (%) 0.360.260.260.400.56
Current Ratio (X) 2.340.900.831.311.44
Quick Ratio (X) 2.080.700.651.051.17
Inventory Turnover Ratio (X) 2.180.020.000.000.00
Dividend Payout Ratio (NP) (%) 0.000.000.0011.0612.90
Dividend Payout Ratio (CP) (%) 0.000.000.006.477.11
Earning Retention Ratio (%) 0.000.000.0088.9487.10
Cash Earning Retention Ratio (%) 0.000.000.0093.5392.89
Interest Coverage Ratio (X) -0.735.806.066.074.94
Interest Coverage Ratio (Post Tax) (X) -3.782.644.403.462.80
Enterprise Value (Cr.) 228.89443.38317.24311.30370.12
EV / Net Operating Revenue (X) 0.961.951.531.201.18
EV / EBITDA (X) -26.3510.975.755.627.02
MarketCap / Net Operating Revenue (X) 0.530.760.280.450.69
Retention Ratios (%) 0.000.000.0088.9387.09
Price / BV (X) 0.430.490.170.460.92
Price / Net Operating Revenue (X) 0.530.760.280.450.69
EarningsYield -0.440.060.530.180.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

ASI Industries Ltd. is a Public Limited Listed company incorporated on 17/01/1945 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L14101MH1945PLC256122 and registration number is 256122. Currently Company is involved in the business activities of Quarrying of slate and building and monumental stone other than marble and granite. Company's Total Operating Revenue is Rs. 154.77 Cr. and Equity Capital is Rs. 9.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Mining/MineralsMarathon lnnova, A Wing, 7th Floor, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Deepak JatiaChairman & Managing Director
Mrs. Anita JatiaExecutive Director
Mr. Tushya JatiaExecutive Director
Mr. Gaurang GandhiIndependent Director
Mr. Padamkumar R PoddarIndependent Director
Mr. Arunanshu AgarwalIndependent Director

FAQ

What is the intrinsic value of Asi Industries Ltd and is it undervalued?

As of 05 April 2026, Asi Industries Ltd's intrinsic value is ₹34.84, which is 65.12% higher than the current market price of ₹21.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.01 %), book value (₹38.9), dividend yield (1.89 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Asi Industries Ltd?

Asi Industries Ltd is trading at ₹21.10 as of 05 April 2026, with a FY2026-2027 high of ₹39.9 and low of ₹19.0. The stock is currently near its 52-week low. Market cap stands at ₹190 Cr..

How does Asi Industries Ltd's P/E ratio compare to its industry?

Asi Industries Ltd has a P/E ratio of 7.31, which is below the industry average of 15.41. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Asi Industries Ltd financially healthy?

Key indicators for Asi Industries Ltd: ROCE of 9.88 % is on the lower side compared to the industry average of 19.57%; ROE of 7.01 % is below ideal levels (industry average: 16.87%). Dividend yield is 1.89 %.

Is Asi Industries Ltd profitable and how is the profit trend?

Asi Industries Ltd reported a net profit of ₹25 Cr in Mar 2025 on revenue of ₹155 Cr. Compared to ₹-15 Cr in Mar 2022, the net profit shows an improving trend.

Does Asi Industries Ltd pay dividends?

Asi Industries Ltd has a dividend yield of 1.89 % at the current price of ₹21.10. The company pays dividends, though the yield is modest.

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 Asi Industries 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
Explore Industry-wise Stock Analysis Reports