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Asian Granito India Ltd: Stock Analysis & Fundamentals

Updated this week

Asian Granito India Ltd (Ceramics/Tiles/Sanitaryware) — fundamental analysis, earnings data, and key metrics. PE: 33.7. ROE: 2.1%. This stock is not currently in the Nifty 500 momentum outperformers list.

What's Happening

👔Promoter buying — stake up 4.4% this quarter
🌐FII stake decreased 1.1% this quarter

Earnings Acceleration Triggers

1. Premium large-format vitrified tiles driving margin expansion
OngoingHIGH
2. Bathware and sanitaryware segment scaling
Next 2 quartersMEDIUM
3. Chemical efficiency improvements
OngoingHIGH

Key Risks

1. Competitive pressures in Morbi market
MEDIUM
2. Retail expansion execution risk
LOW

Key Numbers

Current Price
₹59
Market Cap
1.7K Cr
Valuation
N/A

Why Are Asian Granito India Ltd's Earnings Accelerating?

Based on Q3 FY26 earnings • Updated Feb 22, 2026

Premium large-format vitrified tiles driving margin expansion

Expected: OngoingHIGH confidence+₹50 Cr revenue

What: Strategic shift to premium tiles contributing to 520 bps YoY OPM improvement

Impact: +₹50 Cr revenue

“Management highlighted strategic pivot toward premium large-format vitrified tiles in Q3 FY26 concall”

Bathware and sanitaryware segment scaling

Expected: Next 2 quartersMEDIUM confidence+₹30 Cr revenue

What: Expansion of higher-margin segments driving portfolio diversification

Impact: +₹30 Cr revenue

“Management highlighted scaling of bathware and sanitaryware segments in Q3 FY26 concall”

Chemical efficiency improvements

Expected: OngoingHIGH confidence

What: Optimization of chemical inputs driving cost savings

“Management highlighted chemical efficiency as key focus area in Q3 FY26 concall”

What Are the Key Risks for Asian Granito India Ltd?

Earnings deceleration risks from management commentary

Competitive pressures in Morbi market

MEDIUM

Trigger: Market share battles intensify

Impact: -200 bps margin impact

Management view: Management acknowledged navigating competitive Morbi landscape in concall

Monitor: Quarterly OPM trends

Retail expansion execution risk

LOW

Trigger: Slower than expected showroom rollout

Impact: -100 bps margin impact

Management view: Management highlighted retail expansion efforts as key growth driver

Monitor: Domestic revenue growth rate

What Is Asian Granito India Ltd's Management Saying?

Key quotes from recent conference calls

“This year we will complete good growth and next year's vision is also we believe better growth prospects than double digit — Management”
“Realization has increased and due to that our overall product mix and operating cost reason overall this revenue has changed significantly — Management”
“Last year our total revenue was 1577 crore in consolidated and what our quarter is which has happened is similar will continue — Management”
“This year nearly 25 crore like will be. 25 crore full year — Management”

What Is Asian Granito India Ltd's Management Guidance?

Forward-looking targets from management for FY27

Revenue Growth Target

10%

Implied PAT Growth

15%

OPM Guidance

9.5%

Capex Plan

₹25 Cr

Management Tone: CAUTIOUS

Key Milestones

• Double-digit revenue growth for FY27

• Continued margin expansion

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.

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Frequently Asked Questions: Asian Granito India Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Asian Granito India Ltd's latest quarterly results?

Asian Granito India Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: +575.0%
  • Revenue Growth YoY: +15.8%
  • Operating Margin: 10.0%

What is Asian Granito India Ltd's current PE ratio?

Asian Granito India Ltd's current PE ratio is 33.7x.

  • Current PE: 33.7x
  • Market Cap: 1.7K Cr

What is Asian Granito India Ltd's price-to-book ratio?

Asian Granito India Ltd's price-to-book ratio is 0.9x.

  • Price-to-Book (P/B): 0.9x
  • Book Value per Share: ₹62
  • Current Price: ₹59

Is Asian Granito India Ltd a fundamentally strong company?

Asian Granito India Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 2.0%

Is Asian Granito India Ltd debt free?

Asian Granito India Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹295 Cr

What is Asian Granito India Ltd's return on equity (ROE) and ROCE?

Asian Granito India Ltd's return ratios over recent years

  • FY2023: ROCE -6.0%
  • FY2024: ROCE 1.0%
  • FY2025: ROCE 2.0%

Is Asian Granito India Ltd's cash flow positive?

Asian Granito India Ltd's operating cash flow is positive (FY2025).

  • Cash from Operations (CFO): ₹81 Cr
  • Free Cash Flow (FCF): ₹-81 Cr
  • CFO/PAT Ratio: 386% (strong cash conversion)

What is Asian Granito India Ltd's dividend yield?

Asian Granito India Ltd currently does not pay a significant dividend (yield 0.00%).

  • Dividend Yield: 0.00%
  • Current Price: ₹59

Who holds Asian Granito India Ltd shares — promoters, FII, DII?

Asian Granito India Ltd's shareholding pattern (Mar 2026)

  • Promoters: 38.8%
  • FII (Foreign): 1.1%
  • DII (Domestic): 0.1%
  • Public: 59.9%

Is promoter holding increasing or decreasing in Asian Granito India Ltd?

Asian Granito India Ltd's promoter holding has increased recently.

  • Current Promoter Holding: 38.8% (Mar 2026)
  • Previous Quarter: 33.7% (Dec 2025)
  • Change: +5.08% (increasing — positive signal)

Is Asian Granito India Ltd a new momentum entry or an established outperformer?

Asian Granito India Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Asian Granito India Ltd?

Asian Granito India Ltd has 3 key growth catalysts identified from recent earnings analysis

  • Premium large-format vitrified tiles driving margin expansion
  • Bathware and sanitaryware segment scaling
  • Chemical efficiency improvements

What are the key risks in Asian Granito India Ltd?

Asian Granito India Ltd has 2 key risks worth monitoring

  • Competitive pressures in Morbi market
  • Retail expansion execution risk

What did Asian Granito India Ltd's management say in the latest earnings call?

In Q3 FY26, Asian Granito India Ltd's management highlighted

  • "This year we will complete good growth and next year's vision is also we believe better growth prospects than double digit — Management"
  • "Realization has increased and due to that our overall product mix and operating cost reason overall this revenue has changed significantly — Managemen..."
  • "Last year our total revenue was 1577 crore in consolidated and what our quarter is which has happened is similar will continue — Management"

What is Asian Granito India Ltd's management guidance for growth?

Asian Granito India Ltd's management has provided the following forward guidance for FY27

  • Revenue growth target: 10%
  • Implied PAT growth: 15%
  • OPM guidance: 9.5%
  • Capex plan: ₹25 Cr
  • Management tone: cautious
  • Milestone: Double-digit revenue growth for FY27
  • Milestone: Continued margin expansion

Is Asian Granito India Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Asian Granito India Ltd may be worth studying

  • Cash flow is positive — CFO ₹81 Cr

What is the investment thesis for Asian Granito India Ltd?

Asian Granito India Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Premium large-format vitrified tiles driving margin expansion

Risk Factors (Bear Case)

  • Key risk: Competitive pressures in Morbi market

What is the future outlook for Asian Granito India Ltd?

Asian Granito India Ltd's forward outlook based on current data signals

  • Key Catalyst: Premium large-format vitrified tiles driving margin expansion
  • Key Risk: Competitive pressures in Morbi market

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.