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Last Updated on: 30 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 502015 | NSE: ASIIL

Asi Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 27, 2024, 8:50 pm

Market Cap 467 Cr.
Current Price 51.8
High / Low 65.9/20.3
Stock P/E17.4
Book Value 35.9
Dividend Yield0.68 %
ROCE10.1 %
ROE7.47 %
Face Value 1.00
PEG Ratio0.89

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

View Share Price Target for Asi Industries Ltd

Competitors of Asi Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ganesha Ecoverse Ltd 102 Cr. 41.7 71.9/41.118.9 4.290.00 %28.2 %39.4 % 10.0
Foundry Fuel Products Ltd 5.43 Cr. 6.77 14.6/5.10 1.350.00 %%% 10.0
Deccan Gold Mines Ltd 1,740 Cr. 113 179/88.5 14.30.00 %8.77 %34.8 % 1.00
Asi Industries Ltd 467 Cr. 51.8 65.9/20.317.4 35.90.68 %10.1 %7.47 % 1.00
Anmol India Ltd 142 Cr. 24.9 65.5/24.610.6 18.40.00 %14.9 %23.6 % 10.0
Industry Average35,543.33 Cr723.2039.7774.971.74%21.11%21.07%5.18

All Competitor Stocks of Asi Industries Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales49.1052.5546.3135.4615.1844.0642.9135.5517.8945.7345.5234.4023.31
Expenses44.8443.2066.4632.0618.6831.5533.2330.5021.6233.6039.0830.9425.11
Operating Profit4.269.35-20.153.40-3.5012.519.685.05-3.7312.136.443.46-1.80
OPM %8.68%17.79%-43.51%9.59%-23.06%28.39%22.56%14.21%-20.85%26.53%14.15%10.06%-7.72%
Other Income1.112.680.931.681.732.774.462.283.954.0411.963.644.20
Interest2.742.061.840.730.670.670.610.500.610.530.590.420.37
Depreciation6.386.263.121.411.271.301.311.321.191.361.151.151.14
Profit before tax-3.753.71-24.182.94-3.7113.3112.225.51-1.5814.2816.665.530.89
Tax %-20.80%57.14%-39.45%27.55%-5.12%37.94%14.81%23.23%3.80%29.55%25.09%29.66%42.70%
Net Profit-2.971.60-14.652.13-3.518.2610.404.23-1.6410.0612.473.880.50
EPS in Rs-0.330.18-1.630.24-0.390.921.150.47-0.181.121.380.430.06

Last Updated: November 6, 2024, 7:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 3:05 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales175131209172235239181143173202138145149
Expenses142104172141206211148139148191113125129
Operating Profit3326373129293352511242020
OPM %19%20%18%18%12%12%18%3%15%5%18%14%14%
Other Income2399117753192224
Interest768129878612322
Depreciation88655666722555
Profit before tax19163123262227-516-22253537
Tax %33%35%41%38%29%33%29%-33%30%-34%30%28%
Net Profit13101814181419-311-15172527
EPS in Rs1.571.212.221.732.181.752.30-0.371.22-1.621.922.792.99
Dividend Payout %13%16%11%14%14%17%13%0%0%0%10%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-23.08%80.00%-22.22%28.57%-22.22%35.71%-115.79%466.67%-236.36%213.33%47.06%
Change in YoY Net Profit Growth (%)0.00%103.08%-102.22%50.79%-50.79%57.94%-151.50%582.46%-703.03%449.70%-166.27%

Asi Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:-4%
3 Years:-6%
TTM:6%
Compounded Profit Growth
10 Years:9%
5 Years:5%
3 Years:28%
TTM:27%
Stock Price CAGR
10 Years:22%
5 Years:35%
3 Years:31%
1 Year:144%
Return on Equity
10 Years:5%
5 Years:3%
3 Years:3%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:49 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital7777888999999
Reserves162170185199218229244278298281298313314
Borrowings6043901041271191582362486429295
Other Liabilities54239246362522344923261929
Total Liabilities283243374356390382432558604377362370358
Fixed Assets175167160160162172170186392174167165168
CWIP0002001219360130
Investments04228383635557086608556
Other Assets10771212165189173215124136117134116133
Total Assets283243374356390382432558604377362370358

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +19346-212116162324562034
Cash from Investing Activity +-4-3-55-11-71-44-91-2613719-32
Cash from Financing Activity +-9-91436-13-1928676-195-37-4
Net Cash Flow6-9441-20-14-22-2

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-27.00-17.00-53.00-73.00-98.00-90.00-125.00-231.00-223.00-53.00-5.00-9.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days146116204162144120170172167106168119
Inventory Days7621450744169175155168114
Days Payable181-02651853126265527
Cash Conversion Cycle40330-1150154187339300281193168119
Working Capital Days6699181116153143174150160139233200
ROCE %12%9%15%11%10%8%9%1%4%-1%9%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters72.51%72.51%72.51%72.51%72.51%72.51%72.51%72.51%72.51%72.51%72.51%72.51%
Public27.49%27.49%27.49%27.49%27.49%27.49%27.49%27.50%27.49%27.50%27.49%27.49%
No. of Shareholders5,4545,6925,6705,5805,5255,4465,4515,4996,0127,89411,41811,410

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue1.001.001.001.001.00
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

Fair Value

Fair Value of Asi Industries Ltd as of December 30, 2024 is: 46.98

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, Asi Industries Ltd is Overvalued by 9.31% compared to the current share price 51.80

Intrinsic Value of Asi Industries Ltd as of December 30, 2024 is: 56.21

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Asi Industries Ltd is Undervalued by 8.51% compared to the current share price 51.80

Last 5 Year EPS CAGR: 19.64%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (245.31 cr) compared to borrowings (100.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (176.31 cr) and profit (19.23 cr) over the years.
  1. The stock has a low average ROCE of 8.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 151.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 179.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Asi Industries Ltd:
    1. Net Profit Margin: -23.84%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -13.86% (Industry Average ROCE: 21.11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -19.13% (Industry Average ROE: 21.07%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -3.78
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.08
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 17.4 (Industry average Stock P/E: 39.77)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.37
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

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. 201.60 Cr. and Equity Capital is Rs. 9.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/MineralsMarathon lnnova, A Wing, 7th Floor, Mumbai Maharashtra 400013investors@asigroup.co.in
http://www.asigroup.co.in
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 latest intrinsic value of Asi Industries Ltd?

The latest intrinsic value of Asi Industries Ltd as on 30 December 2024 is ₹46.98, which is 9.31% lower than the current market price of ₹51.80. The stock has a market capitalization of 467 Cr. and recorded a high/low of 65.9/20.3 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹314 Cr and total liabilities of ₹358 Cr.

What is the Market Cap of Asi Industries Ltd?

The Market Cap of Asi Industries Ltd is 467 Cr..

What is the current Stock Price of Asi Industries Ltd as on 30 December 2024?

The current stock price of Asi Industries Ltd as on 30 December 2024 is 51.8.

What is the High / Low of Asi Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Asi Industries Ltd stocks is 65.9/20.3.

What is the Stock P/E of Asi Industries Ltd?

The Stock P/E of Asi Industries Ltd is 17.4.

What is the Book Value of Asi Industries Ltd?

The Book Value of Asi Industries Ltd is 35.9.

What is the Dividend Yield of Asi Industries Ltd?

The Dividend Yield of Asi Industries Ltd is 0.68 %.

What is the ROCE of Asi Industries Ltd?

The ROCE of Asi Industries Ltd is 10.1 %.

What is the ROE of Asi Industries Ltd?

The ROE of Asi Industries Ltd is 7.47 %.

What is the Face Value of Asi Industries Ltd?

The Face Value of Asi Industries Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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