Asian Granito India Limited (ASIANTILES.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-438.1%

-₹155.10

vs ₹45.88 price

Levered DCF

-₹232.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	80.67×	21.99×	-63.81×	-5.71×	5.51×	13.9×	18.27×	55.26×
P/B	1.11×	0.45×	0.62×	0.33×	0.55×	1.26×	1.49×	2.56×
P/S	0.91×	0.39×	0.51×	0.27×	0.32×	0.62×	0.64×	0.98×
EV / EBITDA	19.7×	9.69×	16.06×	-11.09×	3.96×	7.75×	8.85×	15.95×
Gross margin	13.9%	13.1%	19.6%	3.8%	13.1%	14.5%	25.3%	29.3%
Operating margin	2.1%	1.6%	-0.1%	-6.9%	5.6%	7.9%	6.2%	4.7%
Net margin	1.1%	1.8%	-0.8%	-4.7%	5.9%	4.4%	3.5%	1.8%
Current ratio	1.75×	1.8×	2.27×	2.06×	2.21×	1.58×	1.23×	1.15×
Debt / equity	0.29×	0.2×	0.2×	0.18×	0.22×	0.47×	0.64×	0.8×
Interest coverage	1.14×	0.95×	-0.07×	-4×	3.44×	2.91×	1.87×	1.49×
Dividend yield	0.0%	0.0%	0.0%	2.1%	0.3%	0.3%	0.2%	0.3%
Payout ratio	0.0%	0.0%	0.0%	-12.2%	1.9%	3.8%	4.3%	18.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.4%	2.0%	-1.0%	-5.8%	10.0%	9.1%	8.2%	4.6%
Return on invested capital	1.7%	1.5%	-0.1%	-5.5%	6.0%	7.5%	6.7%	4.4%
Return on assets	0.8%	1.3%	-0.6%	-3.8%	6.0%	4.2%	3.4%	1.6%
Free cash flow yield	-4.1%	-19.3%	-20.7%	-73.7%	-16.9%	0.7%	0.2%	1.8%
Earnings yield	1.2%	4.5%	-1.6%	-17.5%	18.2%	7.2%	5.5%	1.8%
Enterprise value	₹20.4B	₹8.2B	₹10.2B	₹6.2B	₹6.7B	₹10.7B	₹11B	₹14.9B
Net debt / EBITDA	3.45×	2.48×	3.72×	-3.64×	0.97×	2.02×	2.65×	3.58×
Cash conversion cycle (days)	112	104	99	85	126	130	108	112