1. India Stocks

  2. •

    Basic Materials

  3. •

    Construction Materials
ASI Industries Ltd.

ASI Industries Ltd.

ASIIL.BO
ASI Industries Ltd.IN flagBombay Stock Exchange
24.50
INR
-0.02
- -
2.21BMarket Cap
ASI Industries Ltd.
ASIIL.BO
(Bombay Stock Exchange)

Recent

price

24.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
20.72
20.47
21.1
15.78
25.2
23.78
37.13
37.91
31.37
23.04
25.18
22.38
15.28
16.08
17.21
- -
16.63
Revenue per Share
1.41
1.14
1.57
1.22
1.74
0.94
2.84
2.32
2.71
3.49
1.32
-1.62
1.92
2.79
2.83
- -
2.53
Basic EPS, GAAP
-2.61
0.56
1.66
- -
-2.5
-12.36
4.3
-0.51
-5.68
-6.3
-0.23
6.05
1.53
2.73
-1.05
- -
- -
Free Cash Flow per Basic Share
0.14
0.18
0.18
0.23
0.23
0.28
0.24
0.3
0.3
0.28
- -
- -
- -
0.2
0.35
- -
- -
Dividend per Share
4.93
5.73
6.88
7.68
8.84
9.31
11.55
13.4
15.45
17.91
19.36
14.07
15.99
18.6
1
- -
1
Book Value per Share
18.06
19.02
20.36
21.27
20.4
21.47
24.23
26.19
28.42
34.1
36.29
32.04
33.82
35.23
38.69
- -
39.79
Tangible Book Value per Share
83
83
83
83
83
83
83
83
83
90
90
90
90
90
90
- -
90
Basic Weighted Avg Shares
1,716
1,696
1,748
1,307
2,088
1,970
3,076
3,141
2,599
2,075
2,268
2,016
1,376
1,447
1,548
1,494
1,494
Sales/Revenue/Turnover
12.91
11.59
14.7
14.7
14.53
12.06
11.35
9.86
10.47
-2.16
8.71
7.95
13.73
10.26
12.68
10.67
10.67
Operating Margin (%)
52
58
78
79
64
141
167
157
159
167
174
220
53
50
47
43
- -
Depreciation Expense
117
94
130
101
145
78
235
193
225
314
119
-145
173
251
254
227
227
Net Income, GAAP
37.15
35.39
32.98
35.16
47.38
53.12
24.23
27.01
26.02
- -
28.3
- -
30.22
27.94
31.63
31.64
31.64
Effective Tax Rate (%)
6.8
5.56
7.44
7.7
6.92
3.94
7.65
6.13
8.64
15.13
5.23
-7.22
12.55
17.35
16.44
15.19
15.19
Profit Margin (%)
101
72
136
230
86
490
640
558
453
-365
-253
1,065
949
1,210
800
931
931
Working Capital
332
277
217
169
423
1,277
1,115
1,050
1,351
1,450
1,596
397
60
32
16
134
134
LT Debt
1,498
1,577
1,688
1,763
1,875
1,975
2,199
2,361
2,558
3,306
3,495
2,902
3,071
3,222
3,525
3,616
3,616
Total Equity
6.68
5.94
7.95
5.72
6.43
3.27
6.54
5.43
4.47
- -
2.22
- -
3.87
3.16
3.73
2.79
2.79
Return on Invested Capital (%)
15.02
9.33
12.3
13.03
13.72
5.78
11.4
9.08
8.87
- -
3.54
- -
10.49
14.45
22.53
53.66
53.66
Return on Capital (%)
32.09
21.36
24.9
16.69
21.12
10.32
27.21
18.63
18.79
21.71
7.06
-9.66
12.76
16.13
28.86
251.95
251.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
103
- -
280
LT Borrowings
47
- -
134
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
90
- -
90
Market Capitalization
2,748
2,620
1,718

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,256
- -
1,452
Cash, Cash Equivalents & STI
166
- -
130
Accounts Receivable, Net
380
- -
510
Inventories
55
- -
63
Total Current Liabilities
413
- -
521
Payables & Accruals
- -
- -
- -
ST Debt
103
- -
280
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.78%
1.15%
2.57%
Free Cash Flow
-222.56%
-583.53%
-98.09%
Net Income, GAAP
-22.64%
-81.12%
-10.82%
Sales/Revenue/Turnover
-0.41%
-6.84%
-3.46%
Total Cash Common Dividend
- -
- -
14.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
356
179
457
455
1,447
2025
344
233
492
478
1,548
2026
295
206
507
487
1,494

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
-0.18
1.12
- -
2.79
2025
0.43
0.06
1.35
0.99
2.83
2026
0.45
0.09
1.37
0.62
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.2
2025
- -
- -
- -
- -
0.35
2026
- -
- -
- -
- -
- -
Similar Companies
National Cement Company PSC (NCC.AE)
ACC Limited (ACC.NS)
Global Surfaces Limited (GSLSU.BO)
UltraTech Cement Limited (ULTRACEMCO.NS)
Brickworks Limited (BRKWF)
Knife River Corporation (KNF)
Business
ASI Industries Ltd. (ASIIL.BO) manufactures and supplies a diverse range of granite and natural stone products, including slabs, tiles, monuments, and customized stone artifacts; it also engages in mining operations for raw granite blocks and provides processing services such as cutting, polishing, and finishing. The company offers products under categories like absolute black granite slabs, black galaxy tiles, and memorial headstones, catering primarily to construction, infrastructure, and export markets with a focus on premium quality and sustainable sourcing. Founded in 1982 and headquartered in Mumbai, India, ASI Industries operates quarries and processing facilities primarily in Rajasthan and exports to over 50 countries across North America, Europe, the Middle East, and Asia. In recent developments, the company expanded its production capacity through strategic quarry acquisitions in 2024, enhancing its raw material security amid rising global demand for Indian granites; it also formed a key export partnership with a major U.S. distributor in early 2025 to boost revenues from premium slab segments. ASI Industries continues to invest in modern processing technology and sustainable mining practices, positioning it as a leader in the natural stone industry with no major name changes or reorganizations reported in the last two years.