Whalesbook: AI-Powered Stock Updates via WhatsApp

Stock Analysis

Description

Asian Granito India Limited (AGIL) is a manufacturer and trader of tiles, marble, and related products within India's building materials sector.

Key Growth Triggers

AGIL is pursuing a long-term revenue target of ₹6,000 Cr, boosted by international expansion and strategic diversification into the SS Steel sector with the acquisition of a stake in Allomex Steel.

Order Book

Currently no data available for Order Book.

Key Red Flags

Ongoing litigation with the Income Tax department.
Historical profit volatility, though recent performance shows an upward trend.

Key Dates To Watch

The company is expected to announce its Q3 FY26 financial results in the upcoming quarter, continuing its regular reporting cycle.

Corporate Announcements

9th Apr 26

Impact Rating: 9

Asian Granito India Limited received final trading approval from BSE and NSE for 6,45,63,636 equity shares issued under its Composite Scheme of Arrangement, effective April 9, 2026.

6th Apr 26

Impact Rating: 1

Asian Granito India Limited has filed its quarterly confirmation certificate with BSE and NSE as required by SEBI regulations, covering the period up to March 31, 2026.

28th Mar 26

Impact Rating: 7

Asian Granito India Limited's bank facilities worth ₹155.00 crore have been reaffirmed by Infomerics. The long-term (₹145.00 crore) rating is IVR BBB+ and the short-term (₹10.00 crore) is IVR A2. Both are under a 'Rating watch with developing implications'.

26th Mar 26

Impact Rating: 6

Asian Granito India is implementing a trading window closure for its insiders and relatives from April 1, 2026, in line with SEBI rules. The window will reopen 48 hours after announcing audited financial results for FY26.

13th Mar 26

Impact Rating: 7

Asian Granito India Ltd. announced the appointment of Mr. Dibyendu Dey as CFO and KMP, effective March 13, 2026, bringing over 28 years of finance leadership experience.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Kajaria Ceramics	1006.95	39.98	16035.53	0.89	133.98	58.45	1186.01	0.57	17.13	4666.22	14.81	401.11	133.53	5.47	8.40	0.10
2.	Nitco	89.07	–	2042.96	0.00	0.94	102.18	107.70	63.16	-42.87	436.09	5.67	-141.35	1.00	6.75	-33.97	1.01
3.	Asian Granito	75.73	66.21	1752.54	0.00	7.79	254.09	272.42	-15.58	2.30	1167.12	2.37	26.47	7.79	1.21	1.53	0.10
4.	Somany Ceramics	409.40	29.65	1692.48	0.73	12.31	-12.65	685.16	2.83	11.51	2703.45	8.05	57.08	14.99	2.14	2.99	0.42
5.	Orient Bell	284.50	64.03	418.73	0.18	3.19	228.87	165.09	2.96	2.38	669.28	4.54	6.54	3.19	1.31	0.52	0.12
6.	Exxaro Tiles	7.90	52.29	353.45	0.00	1.20	220.00	68.96	-1.34	3.85	308.31	9.43	6.76	1.20	1.27	0.05	0.32
7.	Murudesh.Ceramic	34.35	19.91	207.67	1.46	3.17	17.41	45.57	6.35	5.24	208.27	16.35	10.43	3.17	0.56	1.78	0.35
–	Median: 9 Co.	89.07	46.13	418.73	0.0	3.19	58.45	107.7	2.96	3.85	436.09	8.05	10.43	3.19	1.29	1.78	0.33

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	339.80	320.24	295.45	292.67	241.75	259.64	398.59	350.79	339.61	351.67	341.44	322.71	272.42
Expenses	357.80	315.01	291.42	288.87	239.00	251.72	442.14	342.62	334.44	341.00	329.03	318.17	261.93
Operating Profit	-18.00	5.23	4.03	3.80	2.75	7.92	-43.55	8.17	5.17	10.67	12.41	4.54	10.49
Other Income	12.59	9.74	6.12	12.09	5.32	5.96	8.15	11.70	5.78	6.96	8.21	5.56	5.52
Profit before tax	-14.16	8.22	2.66	7.52	2.54	7.35	-41.86	11.62	4.54	10.93	13.16	3.12	10.79
Tax %	-28.11%	21.65%	35.34%	25.00%	20.47%	28.57%	-23.05%	21.94%	-158.15%	20.68%	35.79%	29.49%	27.80%
Net Profit	-10.17	6.44	1.72	5.64	2.01	5.25	-32.21	9.06	11.71	8.68	8.45	2.20	7.79
EPS in Rs	-0.80	0.51	0.12	0.44	0.16	0.36	-2.54	0.71	0.80	0.68	0.67	0.17	0.34

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	759	823	873	946	1,005	1,005	1,013	1,036	1,349	1,354	1,305	1,280	1,167
Expenses	695	763	803	865	920	961	945	938	1,267	1,396	1,277	1,254	1,140
Operating Profit	64	60	70	81	84	44	68	98	82	-43	28	26	28
Other Income	1	1	1	6	5	3	7	3	50	35	44	27	23
Interest	21	22	24	24	21	18	20	17	7	9	11	10	11
Depreciation	22	19	21	16	17	17	18	18	18	19	20	19	14
Profit before tax	22	20	26	47	51	12	37	66	108	-36	41	24	25
Net Profit	14	14	19	32	33	7	30	49	88	-26	30	27	26
EPS in Rs	1.70	1.74	2.27	2.85	2.97	0.66	2.66	3.91	6.94	-2.08	2.33	1.85	1.62
Dividend Payout %	0%	0%	0%	12%	12%	25%	7%	3%	5%	0%	0%	0%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	23	23	23	30	30	30	30	34	57	127	127	147	232
Reserves	258	272	309	318	348	350	398	495	780	1,094	1,148	1,228	1,221
Borrowings	228	175	176	154	158	162	176	112	14	79	67	136	147
Other Liabilities	177	180	197	276	321	359	298	304	262	307	301	345	368
Total Liabilities	685	650	704	778	857	902	903	945	1,113	1,607	1,643	1,855	1,967
Fixed Assets	177	188	224	232	228	231	246	236	240	248	239	231	196
Gross Block	307.86	337.12	399.37	256.14	266.28	284.38	317.32	319.19	330.14	352.82	356.28	362.63	–
Accumulated Depreciation	130.52	149.37	175.73	24.41	38.14	53.24	71.09	83.41	90.16	104.46	117.68	131.19	–
CWIP	7	15	1	1	1	0	1	0	1	0	0	31	0
Investments	20	18	35	34	48	54	37	47	107	76	344	329	416
Other Assets	481	429	444	512	579	616	619	663	765	1,283	1,060	1,263	1,355
Total Assets	685	650	704	778	857	902	903	945	1,113	1,607	1,643	1,855	1,967

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	52	106	63	71	42	50	-23	56	-26	-54	-28	12
Cash from Investing Activity	-30	-34	-60	-23	-17	-21	-0	-10	-43	-450	38	-164
Cash from Financing Activity	-33	-76	-4	-47	-21	-19	-0	-28	111	462	-3	130
Net Cash Flow	-11	-4	-1	-0	4	10	-23	18	43	-43	7	-21

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	89	70	74	97	116	120	121	123	110	108	105	121
Inventory Days	160	133	123	122	118	121	109	114	81	56	48	42
Days Payable	107	93	97	140	150	166	130	122	70	89	86	99
Cash Conversion Cycle	142	110	100	79	84	76	99	116	120	75	68	65
Working Capital Days	24	23	29	27	42	29	53	85	117	104	128	116
ROCE %	8%	9%	10%	14%	14%	6%	10%	13%	10%	-2%	4%	2%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	29.02%	29.02%	29.02%	29.02%	29.02%	29.02%	29.02%	29.02%	33.52%	33.52%	33.52%	33.46%
FIIs	1.21%	1.57%	1.20%	1.07%	0.97%	1.36%	2.71%	2.23%	1.59%	1.93%	1.43%	1.10%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.39%	0.26%	0.22%	0.22%	0.22%	0.14%
Public	69.77%	69.42%	69.79%	69.91%	70.01%	69.62%	67.88%	68.49%	64.66%	64.33%	64.83%	65.30%