Asian Granito India
- Market cap
- ₹ 1,342 Cr.
- P/E
- 102.7x
- P/B
- 0.91x
- 52-week range
- 42.5 – 79.06
- ROE
- 1%
- ROCE
- 3%
- Dividend yield
- 0%
- Debt / equity
- 0.29
- Sector
- Consumer Durables
- Industry
- Ceramics
- Listed on
- NSE, BSE
About
Asian Granito India Limited is an India-based luxury surfaces and bathware company, which is engaged in manufactures and markets a range of tiles, engineered marble, quartz, sanitaryware, faucets and construction chemicals. It has approximately 14 manufacturing units spread across Gujarat and 277 plus franchisee showrooms, 13 Company-owned display centers across India. Its segments includes Tiles & Others and Marble & Quartz. Its product categories includes Large slabs, Tiles, Marble & Quartz, and Bathware. Its tiles include glazed vitrified tiles, floor tiles, wall tiles and outdoor/parking tiles. Its marble & quartz include composite marble and quartz. Its Composite marble includes Empyrean Series, European Series, and others. Its quartz includes a signature series, a crystal series, and elegant series and others. Its bathware includes sanitary ware and faucets. Its Sanitary Ware includes Water Closet, Basin and others. Its faucet includes Nero, Denver and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Ceramics: 10 companies →Asian Granito India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)102.7 against a typical 43.6: pricier than most peers (1st = cheapest).9th of 10
- Sales growth+36.8% against a typical +34% from a year earlier.5th of 10
- Profit growth+11.5% against a typical +42.5% from a year earlier.5th of 7
- Share price, 3 months−24.1% against a typical −3.3%.9th of 10
- Size₹ 1,342.3 Cr. market value against a typical ₹ 395.9 Cr. (1st = largest).4th of 10
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by Infomerics- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR BBB+ | RWDI | 31 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 31 Mar 2026 | Reaffirmed | IVR BBB+ | — | Infomerics | ₹ 155 Cr. | |
| 26 Feb 2026 | Reaffirmed | IVR BBB+ | — | Infomerics | ₹ 155 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Asian Granito IndiaAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 4 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 29 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 401 | 371 | 424 | 360 | 384 | 366 | 515 | 388 | 407 | 462 | 539 | 531 |
| Expenses | 381 | 370 | 404 | 344 | 369 | 353 | 500 | 363 | 370 | 417 | 559 | 498 |
| Operating Profit | 20 | 2 | 20 | 16 | 15 | 13 | 15 | 25 | 37 | 45 | −21 | 33 |
| OPM % | 5% | 0.4% | 4.7% | 4.4% | 3.8% | 3.6% | 3% | 6.4% | 9% | 9.7% | −3.9% | 6.2% |
| Other Income | 1 | 1 | 4 | 1 | 1 | 1 | 9 | 5 | 3 | 3 | 4 | 1 |
| Interest | 7 | 5 | 11 | 7 | 6 | 7 | 11 | 7 | 7 | 9 | 9 | 9 |
| Depreciation | 12 | 12 | 13 | 14 | 13 | 14 | 17 | 14 | 13 | 16 | 16 | 16 |
| Profit before tax | 2 | −15 | 0 | −4 | −3 | −7 | −4 | 9 | 20 | 24 | −43 | 10 |
| Tax % | 259.1% | −44.2% | 3,282.4% | −63.4% | −243.9% | −45.5% | 13.5% | 18.6% | 15% | 22.2% | −23.2% | 17.7% |
| Net Profit | −3 | −8 | −5 | −2 | 5 | −4 | −5 | 7 | 17 | 19 | −33 | 8 |
| EPS in Rs | −0.1 | −0.49 | −0.19 | −0.15 | 0.51 | −0.31 | −0.26 | 0.51 | 0.7 | 0.88 | −1.08 | 0.27 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 8%
- 3 Years
- 6%
- TTM
- 17%
- 10 Years
- −2%
- 5 Years
- −20%
- 3 Years
- 31%
- TTM
- 131%
- 10 Years
- −10%
- 5 Years
- −14%
- 3 Years
- −6%
- TTM
- —
- 10 Years
- 3%
- 5 Years
- 0%
- 3 Years
- 0%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Asian Granito India | ₹ 46.23 | ₹ 1,342 Cr. | 102.7x | 0.9x | 1% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Kamleshkumar Bhagubhai Patel
- Executive Chairman of the Board, Managing Director
- Dibyendu Dey
- Chief Financial Officer
- Dhruti Mahesh Trivedi
- Compliance Officer, Company Secretary
- Mukeshbhai Jivabhai Patel
- Managing Director, Executive Director
- Bhaveshkumar Vinodbhai Patel
- Executive Director
- Bhogibhai Bhikhabhai Patel
- Executive Director
- Sureshbhai Jivabhai Patel
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.