Asian Granito India Ltd (ASIANTILES) — share price & stock analysis
From losses in FY23 and FY24 to record profits — the comeback is real, the price knows it — but margins are compressing.
Asian Granito India Ltd (ASIANTILES) trades at ₹50.0 as of 3 July 2026, down 22% over the past year — trailing NIFTY 500 for 14 weeks. The machine reads this as turnaround, richly priced: from losses in FY23 and FY24 to record profits — the comeback is real, the price knows it — but margins are compressing. It trades at a P/E of 71.0× (the 83rd percentile of its own range); the price is in Stage 4 — declining, 2 weeks in; the business cycle reads DEEP CYCLICAL / EXPANSION. Fundamentals-momentum score: 56/100 (mixed).
Data as of 3 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹1,482 Cr
- P/E
- 71×
- ROE
- 1.4%
- vs own 10-yr valuation
- 83rd pctile
- Book value / share
- ₹51.4
- EPS (TTM)
- ₹0.7
- 10-yr median P/E
- 40.3×
- Revenue (FY26)
- ₹1,858 Cr
- Profit after tax (FY26)
- ₹19 Cr
- Weinstein stage
- Stage 4 (2 weeks)
- Data as of
- 3 July 2026
A turnaround that stuck — the question is what’s left to re-rate
The numbers are genuinely mixed, and the price already assumes the good news continues.
Best thing in the data: free cash flow rising (₹−81.0 Cr → ₹−7.0 Cr).operating_cash_flow
Biggest worry: margins falling (2.9% → −3.9%).operating_profit
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
The price is in a downtrend — fighting it is expensive
Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 4: declining, 2 weeks in, confirmed.stage
The price is below its falling 200-day average — history says most of the damage in stocks happens here. Cheap can get cheaper in Stage 4.dma_200
Trailing NIFTY 500 for 14 weeks — relative strength is the market’s live opinion, and right now it is against it.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 16 | 84.9 | 87.1 | 90.8 | 4 |
| May 16 | 108 | 91.5 | 99.5 | 2 |
| Aug 16 | 137 | 107 | 129 | 2 |
| Nov 16 | 164 | 132 | 165 | 2 |
| Jan 17 | 170 | 137 | 151 | 2 |
| Apr 17 | 242 | 166 | 209 | 2 |
| Jul 17 | 283 | 205 | 258 | 2 |
| Oct 17 | 308 | 238 | 285 | 2 |
| Dec 17 | 364 | 274 | 321 | 2 |
| Mar 18 | 281 | 297 | 315 | 2 |
| Jun 18 | 223 | 289 | 270 | 4 |
| Sep 18 | 144 | 239 | 175 | 4 |
| Nov 18 | 129 | 188 | 124 | 4 |
| Feb 19 | 109 | 151 | 103 | 4 |
| May 19 | 145 | 143 | 128 | 4 |
| Aug 19 | 145 | 146 | 143 | 2 |
| Nov 19 | 149 | 145 | 146 | 1 |
| Jan 20 | 137 | 144 | 141 | 4 |
| Apr 20 | 98.4 | 138 | 124 | 4 |
| Jul 20 | 132 | 123 | 113 | 4 |
| Oct 20 | 183 | 142 | 168 | 2 |
| Dec 20 | 177 | 160 | 181 | 2 |
| Mar 21 | 103 | 156 | 142 | 4 |
| Jun 21 | 120 | 136 | 115 | 4 |
| Sep 21 | 105 | 125 | 109 | 4 |
| Nov 21 | 95.7 | 118 | 106 | 4 |
| Feb 22 | 83.0 | 108 | 94.0 | 4 |
| May 22 | 70.3 | 95.5 | 79.9 | 4 |
| Aug 22 | 51.9 | 73.6 | 49.4 | 4 |
| Oct 22 | 55.3 | 67.2 | 56.8 | 4 |
| Jan 23 | 47.8 | 60.0 | 50.6 | 4 |
| Apr 23 | 40.6 | 51.5 | 40.4 | 4 |
| Jul 23 | 48.0 | 50.3 | 47.6 | 4 |
| Sep 23 | 63.4 | 52.8 | 58.0 | 2 |
| Dec 23 | 71.7 | 62.8 | 73.6 | 2 |
| Mar 24 | 56.6 | 64.9 | 65.5 | 2 |
| Jun 24 | 59.8 | 63.0 | 60.8 | 4 |
| Aug 24 | 89.7 | 70.6 | 80.7 | 2 |
| Nov 24 | 67.7 | 73.3 | 74.5 | 2 |
| Feb 25 | 51.0 | 69.5 | 63.4 | 4 |
| May 25 | 42.0 | 59.3 | 46.7 | 4 |
| Aug 25 | 58.4 | 59.6 | 59.5 | 2 |
| Oct 25 | 63.1 | 59.7 | 60.0 | 3 |
| Jan 26 | 75.5 | 63.6 | 69.3 | 2 |
| Apr 26 | 69.5 | 64.7 | 64.7 | 2 |
| Jun 26 | 60.4 | 64.7 | 63.2 | 1 |
| Jul 26 | 50.0 | 63.5 | 59.9 | 4 |
4 of the 6 things we track are currently moving the right way — most things are moving the right way.
Where the levels actually stand: ROCE 3% — weak; effectively no debt; margins mid-band. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
Profits swing violently in this business — real losses in FY23 and FY24. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 59% of their historical range, margins are mid-band, and the market pays the expensive end of its range (83rd percentile). That reads as EXPANSION — the comfortable middle — the easy money off the bottom is made; from here the story has to keep delivering.net_profit
A rally without earnings underneath it
Since Mar 2016, the stock is down 48% while earnings per share fell 76%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps
That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.
Today’s P/E of 71× means the market is paying up — this is the expensive end of its own 10-year history (83rd percentile).pe_ratio
Read that percentile with the cycle in view: it is measured against its own 10-year trading range, and earnings currently sit at 59% of their own historical range — mid-cycle on earnings.net_profit
Data: EPS and valuation (sampled — full series in the embedded dataset)
| Period | EPS (TTM) (₹) | P/E (×) |
|---|---|---|
| Mar 16 | – | 50.8 |
| Jun 16 | 3.0 | 36.0 |
| Aug 16 | 3.6 | 38.5 |
| Oct 16 | – | 46.3 |
| Dec 16 | 2.7 | 36.0 |
| Mar 17 | 4.0 | 45.1 |
| May 17 | 4.0 | 58.8 |
| Jul 17 | 4.4 | 60.4 |
| Oct 17 | 4.4 | 70.8 |
| Dec 17 | 4.7 | 70.6 |
| Feb 18 | 4.7 | 67.6 |
| May 18 | 4.7 | 61.3 |
| Jul 18 | 4.9 | 39.3 |
| Sep 18 | 4.5 | 29.7 |
| Nov 18 | 3.5 | 36.8 |
| Feb 19 | – | 28.0 |
| Apr 19 | – | 44.4 |
| Jun 19 | 1.9 | 85.3 |
| Sep 19 | 2.4 | 63.4 |
| Nov 19 | 3.1 | 46.5 |
| Jan 20 | 3.1 | 44.3 |
| Apr 20 | 3.7 | 26.6 |
| Jun 20 | 3.7 | 27.4 |
| Aug 20 | 2.1 | 71.8 |
| Oct 20 | 1.6 | 85.0 |
| Jan 21 | – | 67.9 |
| Mar 21 | 3.9 | 26.6 |
| May 21 | 4.8 | 32.7 |
| Aug 21 | 6.1 | 18.8 |
| Oct 21 | 6.1 | 18.3 |
| Dec 21 | – | 12.9 |
| Mar 22 | 7.8 | 9.7 |
| May 22 | 7.9 | 8.9 |
| Jul 22 | 7.3 | 6.4 |
| Sep 22 | – | 8.7 |
| Dec 22 | – | 27.0 |
| Feb 23 | – | – |
| Apr 23 | – | – |
| Jul 23 | – | – |
| Sep 23 | – | – |
| Nov 23 | – | – |
| Feb 24 | -4.3 | – |
| Apr 24 | – | – |
| Jun 24 | – | – |
| Aug 24 | – | – |
| Nov 24 | – | – |
| Jan 25 | – | – |
| Mar 25 | – | – |
| Jun 25 | – | – |
| Aug 25 | 0.5 | 132.1 |
| Oct 25 | – | 140.2 |
| Jan 26 | – | 119.8 |
| Mar 26 | – | 36.2 |
| May 26 | – | 34.2 |
| Jun 26 | 0.7 | 78.7 |
| Jul 26 | 0.7 | 71.4 |
Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (40.3×).
Out of the loss years — profitable again, still below its best
Over 12 years, sales went from ₹775 Cr to ₹1,858 Cr (about 8% a year), and profit from ₹12.0 Cr to ₹19.0 Cr.revenuenet_profit
The books show real losses in FY23 and FY24 (worst: ₹−87.0 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 775 |
| FY15 | 846 |
| FY16 | 994 |
| FY17 | 1,061 |
| FY18 | 1,156 |
| FY19 | 1,187 |
| FY20 | 1,225 |
| FY21 | 1,292 |
| FY22 | 1,564 |
| FY23 | 1,563 |
| FY24 | 1,530 |
| FY25 | 1,559 |
| FY26 | 1,858 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | 12 |
| FY15 | 15 |
| FY16 | 26 |
| FY17 | 49 |
| FY18 | 57 |
| FY19 | 23 |
| FY20 | 46 |
| FY21 | 58 |
| FY22 | 92 |
| FY23 | -87 |
| FY24 | -20 |
| FY25 | 21 |
| FY26 | 19 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY14 | 8.1 |
| FY15 | 7.1 |
| FY16 | 9.2 |
| FY17 | 12.0 |
| FY18 | 12.0 |
| FY19 | 7.4 |
| FY20 | 9.6 |
| FY21 | 10.5 |
| FY22 | 7.7 |
| FY23 | -4.7 |
| FY24 | 3.3 |
| FY25 | 4.6 |
| FY26 | 5.6 |
Sales have gone quiet — growth has stalled
Mar 26 sales were ₹538 Cr, up 5% on the same quarter last year.revenue
That makes 5 quarters of growth in a row — this is a trend, not a blip.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 335 | – |
| Sep 23 | 401 | – |
| Dec 23 | 371 | – |
| Mar 24 | 424 | – |
| Jun 24 | 360 | 7.5 |
| Sep 24 | 384 | -4.2 |
| Dec 24 | 366 | -1.3 |
| Mar 25 | 515 | 21.5 |
| Jun 25 | 388 | 7.8 |
| Sep 25 | 407 | 6.0 |
| Dec 25 | 462 | 26.2 |
| Mar 26 | 538 | 4.5 |
Margins are compressing — 3% → −4% in a year
Of every ₹100 of sales, the company keeps ₹−3.9 as operating profit (a year ago it kept ₹3.0).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at −4.7% in FY23 and has been rebuilt to 5.6% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin moved the same way (24% → 18%), so this is about input costs and pricing power — the raw-material equation worsened.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 23.0 | 2.9 | -1.1 |
| Sep 23 | 23.7 | 5.0 | -0.7 |
| Dec 23 | 24.2 | 0.4 | -2.2 |
| Mar 24 | 24.2 | 4.7 | -1.3 |
| Jun 24 | 26.7 | 4.4 | -0.5 |
| Sep 24 | 25.5 | 3.8 | 1.2 |
| Dec 24 | 24.9 | 3.6 | -1.1 |
| Mar 25 | 23.9 | 3.0 | -1.0 |
| Jun 25 | 26.9 | 6.4 | 1.9 |
| Sep 25 | 29.1 | 9.0 | 4.1 |
| Dec 25 | 28.4 | 9.7 | 4.1 |
| Mar 26 | 18.2 | -3.9 | -6.1 |
The bottom line changed sign — read this one carefully
Mar 26 profit after tax was ₹−33.0 Cr, down 560% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | -4.0 | – |
| Sep 23 | -3.0 | – |
| Dec 23 | -8.0 | – |
| Mar 24 | -5.0 | – |
| Jun 24 | -2.0 | 50.0 |
| Sep 24 | 5.0 | 266.7 |
| Dec 24 | -4.0 | 50.0 |
| Mar 25 | -5.0 | 0.0 |
| Jun 25 | 7.0 | 450.0 |
| Sep 25 | 17.0 | 240.0 |
| Dec 25 | 19.0 | 575.0 |
| Mar 26 | -33.0 | -560.0 |
The single biggest driver was margins giving way.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | -5 |
| More sales | +1 |
| Thinner margins | −37 |
| Other income | −5 |
| Depreciation | +1 |
| Interest | +2 |
| Tax | +11 |
| Everything else | −1 |
| PAT Mar 26 | -33 |
The profits are real — they turn into cash
Over the last 3 profitable years, the business reported ₹132 Cr of profit and collected ₹168 Cr of operating cash — about 127% conversion (2 loss years excluded — a negative denominator would flatter the ratio).operating_cash_flownet_profit
When cash tracks profit this closely, the earnings need no asterisk.
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY14 | 62.0 | 12.0 |
| FY15 | 104 | 15.0 |
| FY16 | 21.0 | 26.0 |
| FY17 | 63.0 | 49.0 |
| FY18 | 94.0 | 57.0 |
| FY19 | 88.0 | 23.0 |
| FY20 | 56.0 | 46.0 |
| FY21 | 76.0 | 58.0 |
| FY22 | -7.0 | 92.0 |
| FY23 | -49.0 | -87.0 |
| FY24 | -82.0 | -20.0 |
| FY25 | 81.0 | 21.0 |
| FY26 | 94.0 | 19.0 |
The cash cycle is stable
One rupee now takes about 94 days to go out the door as materials and come back as collected cash.cash_conversion_cycle
The biggest mover: suppliers being paid sooner (139 → 126 days).payable_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY14 | 90.0 | 157 | 107 |
| FY15 | 71.0 | 130 | 93.0 |
| FY16 | 72.0 | 145 | 92.0 |
| FY17 | 103 | 179 | 150 |
| FY18 | 127 | 164 | 177 |
| FY19 | 123 | 174 | 192 |
| FY20 | 112 | 149 | 159 |
| FY21 | 119 | 142 | 134 |
| FY22 | 109 | 123 | 105 |
| FY23 | 97.0 | 88.0 | 106 |
| FY24 | 97.0 | 103 | 106 |
| FY25 | 119 | 111 | 139 |
| FY26 | 109 | 111 | 126 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹178 Cr (FY14) to ₹1,009 Cr, with another ₹49.0 Cr of capacity under construction right now.fixed_assetscwip
The build is bigger than the cash engine: investing outflows (₹192 Cr) exceeded operating cash (₹93.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY14 | 178 | 7.0 |
| FY15 | 188 | 15.0 |
| FY16 | 392 | 6.0 |
| FY17 | 413 | 1.0 |
| FY18 | 426 | 11.0 |
| FY19 | 472 | 0.0 |
| FY20 | 463 | 9.0 |
| FY21 | 457 | 24.0 |
| FY22 | 476 | 52.0 |
| FY23 | 577 | 177 |
| FY24 | 783 | 0.0 |
| FY25 | 749 | 36.0 |
| FY26 | 1,009 | 49.0 |
Almost no debt — this company cannot be killed by a bad year
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹29 — total borrowings have grown from ₹228 Cr to ₹439 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY14 | 228 |
| FY15 | 175 |
| FY16 | 335 |
| FY17 | 327 |
| FY18 | 340 |
| FY19 | 361 |
| FY20 | 332 |
| FY21 | 295 |
| FY22 | 199 |
| FY23 | 227 |
| FY24 | 248 |
| FY25 | 272 |
| FY26 | 439 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY14 | 0.8 |
| FY15 | 0.6 |
| FY16 | 0.9 |
| FY17 | 0.8 |
| FY18 | 0.8 |
| FY19 | 0.8 |
| FY20 | 0.6 |
| FY21 | 0.5 |
| FY22 | 0.2 |
| FY23 | 0.2 |
| FY24 | 0.2 |
| FY25 | 0.2 |
| FY26 | 0.3 |
Every ₹100 kept in the business earns just ₹3
Return on capital employed is 3.0% (a year ago: 2.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY14 | 8.0 |
| FY15 | 9.0 |
| FY16 | 11.0 |
| FY17 | 14.0 |
| FY18 | 16.0 |
| FY19 | 9.0 |
| FY20 | 11.0 |
| FY21 | 12.0 |
| FY22 | 10.0 |
| FY23 | -6.0 |
| FY24 | 1.0 |
| FY25 | 2.0 |
| FY26 | 3.0 |
Promoters are adding — up 9.8 points over 12 quarters
Promoters hold 38.8% — up 9.8 points over 12 quarters (from 29.0%). Foreign funds own 1.1%, domestic funds 0.1%.promoters_pctfiis_pctdiis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 29.0 | 1.2 | 0.0 |
| Sep 23 | 29.0 | 1.1 | 0.0 |
| Dec 23 | 29.0 | 1.0 | 0.0 |
| Mar 24 | 29.0 | 1.4 | 0.0 |
| Jun 24 | 29.0 | 2.7 | 0.4 |
| Sep 24 | 29.0 | 2.2 | 0.3 |
| Dec 24 | 33.5 | 1.6 | 0.2 |
| Mar 25 | 33.5 | 1.9 | 0.2 |
| Jun 25 | 33.5 | 1.4 | 0.2 |
| Sep 25 | 33.5 | 1.1 | 0.1 |
| Dec 25 | 33.7 | 1.7 | 0.2 |
| Mar 26 | 38.8 | 1.1 | 0.1 |
- Sales are NOT driving the profit move — revenue grew just 4.5% while profit moved much more. This is a margin-and-recovery story, which has a shorter runway than a volume story.revenuenet_profit
Straight answers from the data
What does Asian Granito India Ltd do?
Incorporated in 1995, Asian Granito manufactures and trades Tiles, Marble and allied products[1]. It is listed in the Ceramics/Tiles/Sanitaryware sector with a market capitalisation of ₹1,482 Cr.
What is Asian Granito India Ltd's share price?
As of 3 July 2026, Asian Granito India Ltd trades at ₹50.0, down 22% over the past year, with a market capitalisation of ₹1,482 Cr. Trailing NIFTY 500 for 14 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Asian Granito India Ltd's share price target?
Sector Alpha does not publish share price targets, fair-value estimates or buy/sell levels — for Asian Granito India Ltd or any stock. A single target number hides the two things that actually matter: where the price sits against the company's own valuation history, and where earnings are in their cycle. Both are laid out with the actual numbers on this page — the valuation section shows how today's multiple compares with everything the market has paid before, and it refreshes with each weekly update.
Is Asian Granito India Ltd stock overvalued or undervalued?
Asian Granito India Ltd trades at a P/E of 71.0× — the 83rd percentile of its own 10.3-year trading range (median 40.3×), which is near the top of its own historical range. A rally without earnings underneath it. Since Mar 2016, the stock is down 48% while earnings per share fell 76%. The difference is re-rating — investors paying more for the same rupee of profit.
What did Asian Granito India Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹538 Cr, up 5% on the same quarter last year. Mar 26 profit after tax was ₹−33.0 Cr, down 560% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Asian Granito India Ltd growing?
Sales have gone quiet — growth has stalled. Mar 26 sales were ₹538 Cr, up 5% on the same quarter last year.
Are Asian Granito India Ltd's profits growing?
The bottom line changed sign — read this one carefully. Mar 26 profit after tax was ₹−33.0 Cr, down 560% year on year.
What are Asian Granito India Ltd's operating margins?
Margins are compressing — 3% → −4% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹−3.9 as operating profit (a year ago it kept ₹3.0).
What is Asian Granito India Ltd's long-term growth record?
Revenue grew from ₹775 Cr in FY14 to ₹1,858 Cr in FY26 — a 7.6% compound annual growth rate over 12 years. Profit after tax compounded at 3.9% over the same period (₹12 Cr → ₹19 Cr).
Is Asian Granito India Ltd stock in an uptrend?
The price is in a downtrend — fighting it is expensive. Asian Granito India Ltd is in Stage 4 — declining, 2 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is Asian Granito India Ltd stock falling?
The price is down 22% over the past year and the chart is in Weinstein Stage 4 (declining) — trading below its 200-day average, with the P/E at the 83rd percentile of its own range. Since Mar 2016, the stock is down 48% while earnings per share fell 76%. The difference is re-rating — investors paying more for the same rupee of profit.
Is Asian Granito India Ltd beating the NIFTY 500?
No — trailing NIFTY 500 for 14 weeks, as of 3 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is Asian Granito India Ltd in its business cycle?
The data reads Asian Granito India Ltd as a deep cyclical business currently in its expansion phase — earnings at 59% of their own historical range, valuation at the 83rd percentile. Profits swing violently in this business — real losses in FY23 and FY24. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Who owns Asian Granito India Ltd — what is the promoter holding?
Promoters hold 38.8% — up 9.8 points over 12 quarters (from 29.0%). Foreign funds own 1.1%, domestic funds 0.1%. Shareholding is from Screener's quarterly filings data.
Does Asian Granito India Ltd have too much debt?
Almost no debt — this company cannot be killed by a bad year. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹29 — total borrowings have grown from ₹228 Cr to ₹439 Cr over the window.
What is the bull case for Asian Granito India Ltd?
From losses in FY23 and FY24 to record profits — the comeback is real, the price knows it — but margins are compressing. Best thing in the data: free cash flow rising (₹−81.0 Cr → ₹−7.0 Cr). Sales have gone quiet — growth has stalled.
What is the bear case for Asian Granito India Ltd — what could break the story?
Biggest worry: margins falling (2.9% → −3.9%). Two quarters of free cash flow reversing would kill this story. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Asian Granito India Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: a turnaround that stuck — the question is what’s left to re-rate. The numbers are genuinely mixed, and the price already assumes the good news continues. Across the 7-model scorecard the composite research signal is on watch at 36% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.