Asian Granito India Limited (ASIANTILES) AI Stock Analysis

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Asian Granito India Limited

(NSE:ASIANTILES)

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Rating:56Neutral

Price Target:INR 46.00▲(3.63% Upside)

Action:reiterated

Date:10/13/26

The score is primarily supported by the recovering income statement and strong balance sheet, but persistent negative free cash flow is the largest financial risk. Mixed technical momentum and a high P/E ratio further constrain the outlook.

Positive Factors

Diversified Product PortfolioThe broad product portfolio allows the company to address floors, walls, kitchens, bathrooms, and other applications across residential and commercial markets. Multiple categories and price points can support cross-selling, reduce reliance on one product line, and improve resilience as customer preferences shift.

Negative Factors

Persistent Negative Free Cash FlowPersistent negative free cash flow shows that reported earnings have not consistently converted into funds available for debt reduction, reinvestment, or shareholder returns. Ongoing funding needs can constrain strategic flexibility and make the business more sensitive to working-capital and capital-spending requirements.

Asian Granito India Limited (ASIANTILES) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 13.33B
Dividend Yield: ―
Average Volume (3M): 136.01K
Price to Earnings (P/E): 179.8
Beta (1Y): 1.40
Revenue Growth: 24.29%
EPS Growth: -89.91%
Country: India
Employees: 1,264
Sector: General
Sector Strength: 55
Industry: Construction Materials

Asian Granito India Limited Business Overview & Revenue Model

Company Description

Asian Granito India Limited, along with its subsidiaries, is a key Indian entity engaged in the production and sale of a diverse array of surfacing and sanitary solutions. The company's core offerings include an extensive range of tiles, such as cera...

Asian Granito India Limited Financial Statement Overview

Summary

Financial performance is recovering, supported by improving revenue and profitability and a relatively strong, moderately leveraged balance sheet. However, persistent negative free cash flow, volatile cash conversion, and margins below prior peaks materially limit the score.

Income Statement

63Positive

Balance Sheet

78Positive

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	20.22B	18.58B	15.59B	15.24B	15.63B	15.64B
Gross Profit	2.39B	2.57B	2.04B	2.99B	593.26M	2.04B
EBITDA	834.10M	1.04B	849.00M	634.06M	-557.03M	1.69B
Net Income	20.77M	208.69M	275.40M	-122.55M	-726.95M	919.46M
Balance Sheet
Total Assets	24.84B	24.72B	20.98B	19.07B	19.22B	15.29B
Cash, Cash Equivalents and Short-Term Investments	595.46M	826.96M	616.44M	779.70M	2.27B	1.06B
Total Debt	4.24B	4.39B	2.72B	2.48B	2.27B	1.99B
Total Liabilities	9.25B	9.29B	7.21B	6.27B	6.44B	5.76B
Stockholders Equity	15.37B	15.23B	13.68B	12.67B	12.56B	9.18B
Cash Flow
Free Cash Flow	0	-688.70M	-1.18B	-1.61B	-3.06B	-856.08M
Operating Cash Flow	0	650.36M	604.67M	-824.36M	-493.44M	-74.68M
Investing Cash Flow	0	-1.05B	-1.62B	707.51M	-4.23B	-232.87M
Financing Cash Flow	0	619.61M	936.60M	80.70M	4.07B	977.16M

Asian Granito India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price44.39

Price Trends

50DMA48.51Negative

100DMA49.71Negative

200DMA57.71Negative

Market Momentum

MACD-1.23Positive

RSI39.07Neutral

STOCH21.43Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASIANTILES, the sentiment is Negative. The current price of 44.39 is below the 20-day moving average (MA) of 46.42, below the 50-day MA of 48.51, and below the 200-day MA of 57.71, indicating a bearish trend. The MACD of -1.23 indicates Positive momentum. The RSI at 39.07 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASIANTILES.

Asian Granito India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ASIANTILES against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KAJARIACER	70Outperform	INR 188.08B	31.67	―	1.50%	14.20%	66.86%
IN:SOMANYCERA	68Neutral	INR 22.23B	16.22	―	2.28%	15.05%	137.30%
IN:ASIANTILES	56Neutral	INR 13.27B	179.84	―	―	24.29%	-89.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ORIENTBELL	55Neutral	INR 5.88B	28.62	―	0.24%	13.22%	387.47%
IN:PRSMJOHNSN	51Neutral	INR 57.78B	15.01	―	―	-1.04%	106.54%
IN:NITCO	44Neutral	INR 22.49B	-56.21	―	―	27.47%	98.31%

* General Sector Average

Performance Comparison

IN:ASIANTILES and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ASIANTILES	Asian Granito India Limited	44.39	-24.46	-35.53%
IN:KAJARIACER	Kajaria Ceramics Limited	1203.50	103.79	9.44%
IN:NITCO	Nitco Limited	86.26	-5.69	-6.19%
IN:ORIENTBELL	Orient Bell Limited	410.95	120.92	41.69%
IN:PRSMJOHNSN	Prism Johnson Limited	112.46	-34.14	-23.29%
IN:SOMANYCERA	Somany Ceramics Limited	523.85	87.80	20.14%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 13, 2026

Asian Granito India Limited AI Stock Analysis