Asi Industries Ltd

Asi Industries Ltd

₹ 30.1 -1.38%
03 Jul 9:04 a.m.
About

Incorporated in 1945, ASI Industries
Ltd does mining and processing of
natural stones[1]

Key Points

Business Overview:[1][2]
ASI is the world’s largest stone mining company, holding the largest stone mining quarry in the world. It is the only listed company in India supplying high quality Kotah stone products to industries such as real estate, construction and infrastructure. Company also generates wind power, and trades in steel coils and fabrics.

  • Market Cap 271 Cr.
  • Current Price 30.1
  • High / Low 40.8 / 14.5
  • Stock P/E 10.8
  • Book Value 35.8
  • Dividend Yield 0.67 %
  • ROCE 10.8 %
  • ROE 7.98 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.85 times its book value

Cons

  • The company has delivered a poor sales growth of -4.38% over past five years.
  • Company has a low return on equity of 3.63% over last 3 years.
  • Earnings include an other income of Rs.22.2 Cr.
  • Working capital days have increased from 243 days to 359 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
55 54 49 53 46 35 15 44 43 36 18 46 46
53 41 45 43 66 32 19 32 33 30 22 34 39
Operating Profit 2 13 4 9 -20 3 -4 13 10 5 -4 12 6
OPM % 4% 24% 9% 18% -44% 10% -23% 28% 23% 14% -21% 27% 14%
1 1 1 3 1 2 2 3 4 2 4 4 12
Interest 1 5 3 2 2 1 1 1 1 0 1 1 1
Depreciation 2 6 6 6 3 1 1 1 1 1 1 1 1
Profit before tax 1 2 -4 4 -24 3 -4 13 12 6 -2 14 17
Tax % 10% 34% 21% 57% 39% 28% 5% 38% 15% 23% -4% 30% 25%
1 1 -3 2 -15 2 -4 8 10 4 -2 10 12
EPS in Rs 0.07 0.16 -0.33 0.18 -1.63 0.24 -0.39 0.92 1.15 0.47 -0.18 1.12 1.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
175 131 209 172 235 239 181 143 173 202 138 145
142 104 172 141 206 211 148 139 148 191 113 125
Operating Profit 33 26 37 31 29 29 33 5 25 11 24 20
OPM % 19% 20% 18% 18% 12% 12% 18% 3% 15% 5% 18% 14%
2 3 9 9 11 7 7 5 3 1 9 22
Interest 7 6 8 12 9 8 7 8 6 12 3 2
Depreciation 8 8 6 5 5 6 6 6 7 22 5 5
Profit before tax 19 16 31 23 26 22 27 -5 16 -22 25 35
Tax % 33% 35% 41% 38% 29% 33% 29% 33% 30% 34% 30% 28%
13 10 18 14 18 14 19 -3 11 -15 17 25
EPS in Rs 1.57 1.21 2.22 1.73 2.18 1.75 2.30 -0.37 1.22 -1.62 1.92 2.79
Dividend Payout % 13% 16% 11% 14% 14% 17% 13% 0% 0% 0% 10% 13%
Compounded Sales Growth
10 Years: 1%
5 Years: -4%
3 Years: -6%
TTM: 5%
Compounded Profit Growth
10 Years: 10%
5 Years: 6%
3 Years: 30%
TTM: 35%
Stock Price CAGR
10 Years: 14%
5 Years: 18%
3 Years: 5%
1 Year: 104%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 4%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 8 8 8 9 9 9 9 9
Reserves 162 170 185 199 218 229 244 278 298 281 298 313
60 43 90 104 127 119 158 236 248 64 29 29
54 23 92 46 36 25 22 34 49 23 26 19
Total Liabilities 283 243 374 356 390 382 432 558 604 377 362 370
175 167 160 160 162 172 170 186 392 174 167 168
CWIP 0 0 0 2 0 0 12 193 6 0 1 0
Investments 0 4 2 28 38 36 35 55 70 86 60 85
107 71 212 165 189 173 215 124 136 117 134 116
Total Assets 283 243 374 356 390 382 432 558 604 377 362 370

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19 3 46 -21 21 16 16 23 24 56 20 34
-4 -3 -55 -11 -7 1 -44 -91 -26 137 19 -32
-9 -9 14 36 -13 -19 28 67 6 -195 -37 -4
Net Cash Flow 6 -9 4 4 1 -2 0 -1 4 -2 2 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 146 116 204 162 144 120 170 172 167 106 168 119
Inventory Days 76 214 50 74 41 69 175 155 168 114
Days Payable 181 0 265 185 31 2 6 26 55 27
Cash Conversion Cycle 40 330 -11 50 154 187 339 300 281 193 168 119
Working Capital Days 66 99 181 116 153 143 174 150 160 139 233 359
ROCE % 12% 9% 15% 11% 10% 8% 9% 1% 4% -1% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51% 72.51%
27.49% 27.49% 27.49% 27.49% 27.49% 27.49% 27.49% 27.49% 27.50% 27.49% 27.50% 27.49%
No. of Shareholders 5,3445,4545,6925,6705,5805,5255,4465,4515,4996,0127,89411,418

Documents