ASIAN GRANITO INDIA LIMITED

BSE: ASIANTILES532888ISIN INE022I01019

Consumer Discretionary
Ceramics
BSE Consumer Discretionary

Share price

₹44.57-1.03 (-2.26%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹79.08
52W low: ₹42.50
Off 52W high: -43.64%
1M return: -4.85%
3M return: -16.50%
6M return: -29.64%
1Y return: -33.64%
20D avg volume: 1,43,680
50 DMA: ₹48.80
200 DMA: ₹58.54

Key ratios Consolidated

Market cap: ₹1,321 Cr
Current price: ₹44.57
52W high / low: ₹79.08 / ₹42.50
Face value: ₹10.00
P/E: -1,552.80
P/B: 0.86
EPS (TTM): ₹-0.03
Book value / share: ₹51.83
ROE: —
ROCE: 3.30%
Operating margin: —
Net margin: —
Debt / equity: 0.28
Net debt: ₹382.72 Cr
Interest cover: 1.62
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 100.2 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	528.50	530.95	538.50	423.94	406.92	388.24	471.62	360.02	383.68	343.19	423.63	371.23
	2.51	1.45	3.95	2.86	3.35	4.80	6.88	0.80	1.03	0.47	4.43	1.28
	531.01	532.40	542.45	426.80	410.27	393.04	478.50	360.82	384.72	343.66	428.06	372.51
	524.81	522.58	584.97	402.96	390.60	384.14	462.90	363.32	388.00	345.66	427.90	387.01
	115.31	91.25	109.91	56.83	68.59	79.56	69.77	65.36	65.62	69.95	71.23	69.98
	204.38	249.33	235.92	199.08	175.56	172.27	219.40	171.76	160.28	145.80	179.96	172.43
	46.41	40.38	42.67	35.88	41.15	36.00	39.43	36.98	39.54	33.46	33.57	35.57
	7.95	8.54	9.25	6.84	7.08	7.18	8.09	6.30	6.22	5.77	11.22	5.18
	16.11	15.97	16.35	12.99	13.23	13.63	12.38	12.86	12.69	12.76	12.93	12.10
	155.35	125.74	131.43	89.77	98.52	95.31	104.08	38.89	43.75	45.38	48.92	52.65
	6.20	9.81	-42.53	23.84	19.67	8.89	15.60	-2.49	-3.28	-2.00	0.17	-14.49
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.20	9.81	-42.53	23.84	19.67	8.89	15.60	-2.49	-3.28	-2.00	0.17	-14.49
	0.98	1.74	9.87	5.29	2.95	1.65	-0.82	1.62	7.99	2.35	5.58	6.41
	5.21	8.07	-32.67	18.54	16.71	7.24	16.43	-0.90	4.70	0.33	-5.47	-8.09
	0.20	0.27	-1.08	0.87	0.70	0.32	1.29	0.02	0.51	0.15	-0.19	-0.49
Key metrics
	30.26	34.32	-16.93	43.67	39.98	29.70	36.07	16.67	15.63	16.53	24.32	2.79
	5.70%	6.50%	-3.10%	10.30%	9.80%	7.60%	7.60%	4.60%	4.10%	4.80%	5.70%	0.80%
	1.00%	1.50%	-6.10%	4.40%	4.10%	1.90%	3.50%	-0.20%	1.20%	0.10%	-1.30%	-2.20%
	0.80%	—	-1.90%	—	1.70%	—	1.60%	—	—	—	—	—
	29.90%	36.80%	14.20%	17.80%	6.10%	13.10%	11.30%	-3.00%	—	—	—	—
	-68.80%	11.50%	-298.80%	2,160.00%	255.50%	2,093.90%	400.40%	88.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,022	1,858	1,559	1,531	1,563	1,564
	10.77	16.82	9.18	12.43	16.76	42.17
	2,033	1,875	1,568	1,543	1,579	1,606
	2,035	1,853	1,560	1,558	1,692	1,493
	373.30	393.77	270.70	269.66	275.76	279.59
	888.71	724.68	697.24	707.23	757.05	722.74
	165.34	167.41	149.40	129.53	119.81	111.59
	32.58	34.93	26.39	31.34	26.95	23.39
	61.42	63.77	50.69	46.99	34.14	30.07
	502.29	464.93	380.60	183.60	224.09	147.00
	-2.68	21.72	7.82	-14.94	-112.44	113.35
	0.00	0.00	0.00	0.00	0.00	0.00
	-2.68	21.72	7.82	-14.94	-112.44	113.35
	17.88	2.95	-12.79	4.92	25.53	21.77
	-0.85	18.74	20.55	-19.91	-86.91	92.09
	0.26	0.70	2.03	-0.97	-6.10	20.63
Key metrics
	91.32	120.42	84.90	63.39	-51.35	166.81
	4.52%	6.50%	5.40%	4.10%	-3.30%	10.70%
	-0.04%	1.00%	1.30%	-1.30%	-5.60%	5.90%
	—	3.30%	2.30%	—	—	—
	24.29%	19.20%	1.80%	-2.10%	-0.10%	—
	-102.15%	-8.80%	203.20%	77.10%	-194.40%	—
	—	-39.93	-97.44	—	—	—
	—	5.01	3.96	—	—	—
	—	0.28	0.19	—	—	—
	—	382.72	236.18	—	—	—
	—	100.2	102.4	—	—	—
Balance sheet
	—	2,472	2,098	—	—	—
	—	1,291	1,142	—	—	—
	—	45.33	24.35	—	—	—
	—	555.02	506.89	—	—	—
	—	342.31	283.17	—	—	—
	—	151.36	192.12	—	—	—
	—	889.50	735.47	—	—	—
	—	387.05	352.60	—	—	—
	—	739.82	633.46	—	—	—
	—	428.05	260.53	—	—	—
	—	251.67	183.95	—	—	—
	—	176.38	76.58	—	—	—
	—	1,543	1,377	—	—	—
Cash flow
	—	93.98	81.42	—	—	—
	—	-100.51	-161.81	—	—	—
	—	28.18	72.19	—	—	—
	—	133.91	178.86	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	260.95	277.77	294.58	268.42	272.42	259.64	383.86	295.45	322.71	277.57	350.79	320.24
	0.41	0.61	-14.16	5.24	5.52	5.96	5.78	6.12	5.55	5.32	11.70	9.74
	261.36	278.38	280.42	273.66	277.95	265.60	389.64	301.57	328.26	282.90	362.48	329.98
	259.82	275.01	301.30	266.87	267.16	258.25	378.19	298.91	325.14	276.46	350.87	321.76
	15.47	12.92	12.95	8.85	10.23	8.69	33.62	29.30	30.31	28.83	26.75	30.41
	176.00	181.73	211.11	192.86	201.13	195.27	241.01	199.49	210.86	181.34	229.92	214.99
	23.24	21.50	19.70	18.05	25.18	20.55	27.06	25.70	25.76	25.29	22.64	25.97
	3.28	3.41	4.09	3.18	3.12	2.81	3.17	2.55	2.19	1.83	2.80	1.93
	2.83	2.88	3.37	3.17	2.10	3.72	4.63	4.94	4.79	4.95	5.45	4.82
	46.70	45.82	47.68	36.39	30.90	25.95	50.96	28.75	31.00	28.38	34.10	35.48
	1.54	3.36	-20.87	6.80	10.79	7.35	11.45	2.66	3.12	6.44	11.62	8.22
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	1.54	3.36	-20.87	6.80	10.79	7.35	11.45	2.66	3.12	6.44	11.62	8.22
	0.33	1.12	-6.62	2.35	3.00	2.10	7.18	0.95	0.92	1.71	2.56	1.78
	1.21	2.24	-14.26	4.45	7.79	5.25	18.63	1.72	2.20	4.72	9.06	6.44
	0.04	0.08	-0.48	0.19	0.34	0.23	1.27	0.12	0.17	0.37	0.71	0.51
Key metrics
	7.65	9.65	-13.41	13.15	16.01	13.88	19.25	10.15	10.10	13.22	19.87	14.97
	2.90%	3.50%	-4.60%	4.90%	5.90%	5.30%	5.00%	3.40%	3.10%	4.80%	5.70%	4.70%
	0.50%	0.80%	-4.80%	1.70%	2.90%	2.00%	4.90%	0.60%	0.70%	1.70%	2.60%	2.00%
	0.30%	—	-1.10%	—	0.90%	—	1.00%	—	—	—	—	—
	-4.20%	7.00%	-23.30%	-9.10%	-15.60%	-6.50%	9.40%	-7.70%	—	—	—	—
	-84.50%	-57.30%	-176.50%	158.70%	254.10%	11.20%	105.60%	-73.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,102	1,095	1,280	1,305	1,354	1,349
	-7.90	2.57	22.78	41.74	30.99	41.66
	1,094	1,098	1,302	1,347	1,385	1,391
	1,103	1,094	1,279	1,306	1,420	1,283
	50.19	40.72	122.06	130.98	194.26	179.25
	761.70	800.38	832.69	839.61	796.02	792.79
	82.49	83.49	103.81	96.82	92.64	82.76
	13.96	13.21	9.73	10.73	8.94	3.62
	12.25	12.36	19.32	20.10	19.04	17.86
	176.59	140.91	173.84	133.36	185.96	114.24
	-9.17	4.06	23.68	40.51	-35.50	107.68
	0.00	0.00	0.00	—	—	—
	-9.17	4.06	23.68	40.51	-35.50	107.68
	-2.82	0.83	3.60	10.92	9.13	19.75
	-6.36	3.23	27.27	29.59	-26.37	87.93
	-0.17	0.11	2.01	2.33	-2.23	19.73
Key metrics
	17.04	29.63	52.73	71.34	-7.52	129.16
	1.55%	2.70%	4.10%	5.50%	-0.60%	9.60%
	-0.58%	0.30%	2.10%	2.30%	-1.90%	6.50%
	—	1.10%	2.40%	—	—	—
	-9.05%	-14.40%	-2.00%	-3.60%	0.30%	—
	-119.05%	-88.20%	-7.80%	212.20%	-130.00%	—
	—	-21.39	-89.80	—	—	—
	—	-0.74	0.44	—	—	—
	—	0.10	0.09	—	—	—
	—	153.82	118.68	—	—	—
	—	65.5	78.5	—	—	—
Balance sheet
	—	1,998	1,855	—	—	—
	—	1,134	870.52	—	—	—
	—	2.24	6.16	—	—	—
	—	377.87	423.92	—	—	—
	—	55.63	111.90	—	—	—
	—	294.12	214.04	—	—	—
	—	181.84	221.44	—	—	—
	—	236.72	260.38	—	—	—
	—	437.16	436.81	—	—	—
	—	156.06	124.84	—	—	—
	—	130.32	105.82	—	—	—
	—	25.74	19.02	—	—	—
	—	1,508	1,375	—	—	—
Cash flow
	—	-2.39	11.98	—	—	—
	—	-9.28	-163.58	—	—	—
	—	7.76	130.13	—	—	—
	—	19.00	101.78	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -6.82%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -9.05%
Profit YoY (TTM): -119.05%

Consolidated

Sales CAGR 3Y: +5.94%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +24.29%
Profit YoY (TTM): -102.15%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 36.89%

Holder	Type	Holding	Previous	Change
Thakkar Nileshkumar Farshuran (HUF)	Public	8.35%	—	—
Kamleshkumar Bhagubhai Patel	Promoter	4.22%	—	—
Mukeshbhai Jivabhai Patel	Promoter	3.29%	—	—
Arthkumbh Ventures LLP	Public	2.85%	—	—
Shaunakkumar M Patel .	Promoter Group	2.62%	—	—
Patel Hiren Sureshkumar .	Promoter Group	2.57%	—	—
Goldenture Land Developers Private Limited	Public	2.43%	—	—
Vipulbhai Vinodbhai Patel .	Promoter Group	2.31%	—	—
Bhaveshbhai Vinodbhai Patel .	Promoter	2.04%	—	—
Asmitaben B Patel .	Promoter Group	1.74%	—	—
Pankaj M Patel .	Promoter	1.59%	—	—
Hiren Pranjivanbhai Patel	Public	1.58%	—	—
Girish N Patel	Promoter	1.55%	—	—
Jayantibhai Madhabhai Patel	Public	1.50%	—	—
Dipak Narayanbhai Patel	Promoter Group	1.40%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Kajaria Ceramics Ltd	18,956	1,206.30	31.36	21.00%	+14.20% TTM	+64.95% TTM	+3.34%
Varmora Granito Limited	2,949	130.50	47.53 FY26	—	+4.59% FY26	+79.04% FY26	—
Somany Ceramics Limited	2,210	570.00	23.16	12.70%	+9.32% TTM	+90.22% TTM	+28.08%
Nitco Ltd.	2,205	79.72	-55.54	6.00%	+27.47% TTM	+94.10% TTM	-20.91%
ASIAN GRANITO INDIA LIMITED	1,325	44.57	-1,552.80	3.30%	+24.29% TTM	-102.15% TTM	-33.64%
Orient Bell Limited	549	381.55	26.65	5.00%	+13.22% TTM	+390.02% TTM	+30.13%
Exxaro Tiles Limited	284	6.31	47.35	5.10%	+19.48% TTM	-11.69% TTM	-23.14%
Murudeshwar Ceramics Ltd.	165	27.99	17.51	5.40%	+1.88% TTM	-0.92% TTM	-35.15%
Manoj Ceramic Limited	131	92.04	—	15.90%	—	—	-13.13%
Restile Ceramics Ltd. S	82	7.95	-795.00	0.20%	+290.48% TTM	+86.75% TTM	-6.58%
Regency Ceramics Ltd S	77	29.10	-3.15	-123.60%	+163.72% TTM	-888.71% TTM	-40.60%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Please find intimation with respect to Opening of Trading Window.3 Nov 2026 · Company Update / General
Please find Press Release3 Nov 2026 · Company Update / Press Release / Media Release
Please find Outcome of Board Meeting for approval of Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended on 30 September, 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
Please find Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended on 30 September, 20263 Nov 2026 · Result / Financial Results
Please find the update on Acquisition31 Oct 2026 · Company Update / Acquisition
Asian Granito India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve Unaudited Standalone and ....26 Oct 2026 · Board Meeting / Board Meeting
Please find Statement of Deviation.21 Oct 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Please find Monitoring Agency Report.21 Oct 2026 · Company Update / Monitoring Agency Report
Disinvestment by AGL Industries Limited, Wholly Owned Subsidiary of the Company.15 Oct 2026 · Company Update / Diversification / Disinvestment
Clarification on Movement in Volume.13 Oct 2026 · Company Update / General
The Exchange has sought clarification from Asian Granito India Ltd on October 13, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.13 Oct 2026 · Company Update / Clarification
Reply to clarification sought by Stock Exchange13 Oct 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Thakkar Nileshkumar Farshuram HUF & PACs12 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Please find Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find intimation with respect to Closure of Trading Window.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Declaration of Voting Results and Scrutinizer Report - 31st AGM.9 Sep 2026 · AGM/EGM / AGM
Please find Proceedings of Annual General Meeting.9 Sep 2026 · AGM/EGM / AGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mukeshbhai J Patel & PACs1 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Newspaper Advertisement in respect of AGM and e-voting procedure.17 Aug 2026 · Company Update / Newspaper Publication
Please find intimation with respect to intimation under Reg. 30 of SEBI (LODR) Regulations, 2015 - Letter to Shareholders for Annual Report FY 2025-26.14 Aug 2026 · Company Update / General
Please find Notice of 31st Annual General Meeting.14 Aug 2026 · AGM/EGM / AGM
Submission of Annual Report for FY 2025-26 and intimation of voting through electronic means.14 Aug 2026 · Others / Reg. 34 (1) Annual Report
Intimation of 31st AGM of the Company through VC/ OAVM.13 Aug 2026 · Company Update / Newspaper Publication
Please find Press Release.11 Aug 2026 · Company Update / Press Release / Media Release
Please find intimation with respect to Opening of Trading Window.11 Aug 2026 · Company Update / General
Unaudited Stansalone and Consolidated Financial Results for the Quarter ended on 30 June, 2026.11 Aug 2026 · Result / Financial Results
Unaudited Standalone and Consolidated Quarterly Financial Results11 Aug 2026 · Board Meeting / Outcome of Board Meeting
Please find intimation with respect to Statement of Deviation and Variation.10 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Intimation with respect to Monitoring Agency Report.10 Aug 2026 · Company Update / Monitoring Agency Report
Asian Granito India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Unaudited Standalone and ....4 Aug 2026 · Board Meeting / Board Meeting
Newspaper Publication with respect to IEPF.30 Jul 2026 · Company Update / Newspaper Publication
Clarification on Price Movement29 Jul 2026 · Company Update / General
The Exchange has sought clarification from Asian Granito India Ltd on July 29, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....29 Jul 2026 · Company Update / Clarification
Dilution of shareholding of equity shares of Harmony Surfaces Marbles TR LLC S.P., Sharjah, UAE form 100% to 51%.15 Jul 2026 · Company Update / Diversification / Disinvestment
Acquisition of shares of Harmony Surfaces Marbles TR. LL C.S.P., Sharjah, UAE15 Jul 2026 · Company Update / Acquisition
Outcome of Board Meeting.15 Jul 2026 · Others / Outcome without intimation
Please find Compliance Certificate under Reg. 74(5)of SEBI (DP) Regulations, 2018.6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find update on Disinvestment.27 Jun 2026 · Company Update / General
Please find intimation with respect to Closure of Trading Window.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find intimation with respect to Acquisition.12 Jun 2026 · Company Update / Acquisition

Board meetings

3 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results