ASIANTILES

Asian Granito India Limited

Asian Granito India Limited (ASIANTILES) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Durables›Consumer Durables›Ceramics

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Key metrics

Price as of 2026-10-16

Stock price
₹53.32
Market cap
1,581 Cr
Stock P/E
125.5
P/B
1.04
Dividend yield
0.6%
ROE (FY26)
1.4%
ROCE (FY26)
2.9%
Operating margin (FY26)
2.1%
Debt / equity (FY26)
0.28
OCF / EBITDA (FY26)
90.7%
OCF / EBITDA (3Y)
40.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Asian Granito India (AGL) makes tiles, marble and quartz surfaces and bathware under the AGL Tiles brand and sells them through a pan-India network of dealers and distributors, alongside a growing export presence.

Company snapshot

5thBy market cap

Ranked among 10 companies in Ceramics.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 87.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Marble & Quartz
13.0%
141 Cr15 Cr—
Tiles & Others
87.0%
946 Cr-7 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.28x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 1.0% — little room for error if costs rise.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales401 Cr371 Cr424 Cr343 Cr384 Cr360 Cr472 Cr388 Cr407 Cr424 Cr538 Cr531 Cr
Operating expenses (approx.)381 Cr370 Cr404 Cr327 Cr369 Cr344 Cr442 Cr363 Cr370 Cr383 Cr559 Cr498 Cr
EBITDA20 Cr2 Cr20 Cr16 Cr15 Cr16 Cr29 Cr25 Cr37 Cr41 Cr-21 Cr33 Cr
OPM %5.0%0.4%4.7%4.7%3.8%4.4%6.2%6.4%9.0%9.6%-3.9%6.2%
Other income1 Cr1 Cr4 Cr0.47 Cr1 Cr0.80 Cr7 Cr5 Cr3 Cr3 Cr4 Cr1 Cr
Interest7 Cr5 Cr11 Cr6 Cr6 Cr6 Cr8 Cr7 Cr7 Cr7 Cr9 Cr9 Cr
Depreciation12 Cr12 Cr13 Cr13 Cr13 Cr13 Cr12 Cr14 Cr13 Cr13 Cr16 Cr16 Cr
Profit before tax2 Cr-14 Cr0.11 Cr-2 Cr-3 Cr-3 Cr16 Cr9 Cr20 Cr24 Cr-43 Cr10 Cr
Tax %259.2%44.2%4948.8%116.3%242.4%64.3%-5.3%18.5%15.0%22.2%23.2%17.7%
Net profit-3 Cr-8 Cr-5 Cr0.33 Cr5 Cr-0.90 Cr16 Cr7 Cr17 Cr19 Cr-33 Cr8 Cr
EPS (₹)₹-0.10₹-0.49₹-0.19₹0.15₹0.51₹0.02₹1.29₹0.32₹0.70₹0.87₹-1.08₹0.27

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,137 Cr1,171 Cr1,187 Cr1,225 Cr1,292 Cr1,564 Cr1,563 Cr1,531 Cr1,559 Cr1,858 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,010 Cr1,032 Cr1,100 Cr1,107 Cr1,156 Cr1,439 Cr1,631 Cr1,480 Cr1,483 Cr1,754 CrSign in free for the trailing twelve months
EBITDA127 Cr139 Cr87 Cr118 Cr136 Cr125 Cr-68 Cr51 Cr76 Cr104 CrSign in free for the trailing twelve months
OPM %11.2%11.9%7.3%9.6%10.5%8.0%-4.4%3.3%4.9%5.6%Sign in free for the trailing twelve months
Other income5 Cr3 Cr4 Cr5 Cr1 Cr42 Cr17 Cr12 Cr9 Cr17 CrSign in free for the trailing twelve months
Interest41 Cr37 Cr35 Cr37 Cr33 Cr23 Cr27 Cr31 Cr26 Cr35 CrSign in free for the trailing twelve months
Depreciation24 Cr25 Cr27 Cr31 Cr29 Cr30 Cr34 Cr47 Cr51 Cr64 CrSign in free for the trailing twelve months
Profit before tax68 Cr83 Cr33 Cr57 Cr77 Cr114 Cr-112 Cr-15 Cr8 Cr22 CrSign in free for the trailing twelve months
Tax %27.7%31.1%29.9%19.5%25.3%19.1%22.7%-32.8%-164.6%13.6%Sign in free for the trailing twelve months
Net profit49 Cr57 Cr23 Cr46 Cr58 Cr92 Cr-87 Cr-20 Cr21 Cr19 CrSign in free for the trailing twelve months
EPS (₹)₹14.98₹17.48₹6.94₹14.02₹18.57₹20.63₹-6.10₹-0.97₹2.03₹0.70Sign in free for the trailing twelve months
Dividend payout %————0.0%1.9%——0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital30 Cr30 Cr30 Cr30 Cr34 Cr57 Cr127 Cr127 Cr147 Cr296 Cr
Reserves369 Cr402 Cr421 Cr487 Cr592 Cr861 Cr1,129 Cr1,141 Cr1,221 Cr1,226 Cr
Borrowings313 Cr320 Cr334 Cr309 Cr255 Cr189 Cr214 Cr235 Cr261 Cr428 Cr
Other liabilities323 Cr403 Cr460 Cr404 Cr456 Cr387 Cr440 Cr392 Cr460 Cr501 Cr
Total liabilities1,060 Cr1,187 Cr1,281 Cr1,259 Cr1,367 Cr1,529 Cr1,932 Cr1,907 Cr2,098 Cr2,472 Cr
Fixed assets (net)413 Cr422 Cr468 Cr448 Cr446 Cr463 Cr563 Cr768 Cr735 Cr889 Cr
CWIP1 Cr11 Cr0.13 Cr9 Cr24 Cr52 Cr177 Cr0.35 Cr36 Cr49 Cr
Investments17 Cr23 Cr28 Cr30 Cr47 Cr66 Cr14 Cr24 Cr4 Cr5 Cr
Loans & advances——2 Cr2 Cr14 Cr15 Cr16 Cr17 Cr17 Cr66 Cr
Inventories274 Cr276 Cr305 Cr292 Cr319 Cr329 Cr255 Cr267 Cr283 Cr342 Cr
Trade receivables300 Cr400 Cr400 Cr374 Cr420 Cr469 Cr418 Cr405 Cr507 Cr555 Cr
Cash & bank13 Cr17 Cr27 Cr3 Cr15 Cr35 Cr23 Cr12 Cr24 Cr45 Cr
Other assets43 Cr38 Cr51 Cr101 Cr83 Cr99 Cr466 Cr414 Cr490 Cr519 Cr
Total assets1,060 Cr1,187 Cr1,281 Cr1,259 Cr1,367 Cr1,529 Cr1,932 Cr1,907 Cr2,098 Cr2,472 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity63 Cr97 Cr88 Cr56 Cr74 Cr2 Cr-49 Cr-82 Cr81 Cr94 Cr
Cash from investing-40 Cr-44 Cr-62 Cr-41 Cr-26 Cr-26 Cr-423 Cr71 Cr-162 Cr-101 Cr
Cash from financing-22 Cr-48 Cr-16 Cr-40 Cr-18 Cr90 Cr407 Cr8 Cr72 Cr28 Cr
Net cash flow1 Cr5 Cr9 Cr-24 Cr30 Cr67 Cr-65 Cr-4 Cr-8 Cr21 Cr
Free cash flow (OCF − Capex)22 Cr49 Cr20 Cr1 Cr34 Cr-76 Cr-305 Cr-161 Cr-97 Cr-40 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.8%15.2%8.2%11.1%12.1%12.0%-5.7%1.1%2.1%2.9%
ROE %10.6%12.3%4.3%7.7%8.7%9.7%-5.7%-1.0%2.0%1.4%
Debtor days961241231121181099797118109
Inventory days375352340347542428337362381316
Days payable315378375369512366460372474358
Cash conversion cycle156988890148171-26862567
OCF / EBITDA %49.4%69.4%101.2%48.0%54.6%1.9%—-161.7%107.5%90.7%
OCF / EBITDA % (3 years)——70.0%70.1%64.2%35.2%14.4%n.m.n.m.40.4%
Debt / equity0.780.740.740.600.410.210.170.190.190.28
Current ratio1.241.241.151.231.582.202.062.271.801.75
Net debt / EBITDA2.36—3.552.601.771.23—4.373.123.69