Asian Granito India Ltd (ASIANTILES) — share price & stock analysis

Market cap

₹1,574 Cr

P/E

75.4×

ROE

1.4%

vs own 10-yr valuation

86th 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

1 July 2026

4 of the 6 things we track are currently moving the right way — most of the dashboard is turning up.

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.

A rally without earnings underneath it

Since Mar 2016, the stock is down 45% 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 75.4× means the market is paying up — this is the expensive end of its own 10-year history (86th percentile).pe_ratio

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×).

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 13 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

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

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

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

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

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.

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

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

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

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

Promoters are adding — up 9.8 points over 8 quarters

Promoters hold 38.8% (up 9.8 points over 8 quarters). Foreign funds own 1.1%, domestic funds 0.1%.promoters_pctfiis_pctdiis_pct

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.

Straight answers from the data