Asian Granito India Limited (ASIANTILES) AI Stock Analysis

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Asian Granito India Limited

(NSE:ASIANTILES)

Select Model

Rating:54Neutral

Price Target:INR 47.00▲(2.51% Upside)

Action:reiterated

Date:10/13/26

Moderate financial performance driven by balance sheet strength is the main positive, while weak valuation from high P/E and mixed technical signals limit the overall score.

Positive Factors

Revenue re-accelerationRevenue re-accelerated in 2026 and delivered solid top-line growth versus the prior year, indicating renewed demand across the tile and surfacing portfolio. Continued growth can improve capacity utilization and support operating leverage if maintained.

Negative Factors

Persistent negative free cash flowConsistently negative free cash flow from 2022 through 2026 shows that reported earnings have not reliably converted into cash. Persistent funding needs can constrain reinvestment, increase reliance on financing, and reduce resilience if operating conditions weaken.

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

Market Cap: INR 14.80B
Dividend Yield: ―
Average Volume (3M): 157.64K
Price to Earnings (P/E): 60.4
Beta (1Y): 1.79
Revenue Growth: 18.50%
EPS Growth: -67.27%
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...

How the Company Makes Money

Asian Granito primarily makes money by selling tiles and allied surfacing products to customers through a mix of retail and project/channel-driven distribution. Its core revenue stream is the sale of manufactured tiles (including ceramic and vitrifie...

Asian Granito India Limited Financial Statement Overview

Summary

Strong balance sheet with low debt and growing equity offset by volatile profitability and persistently negative free cash flow.

Income Statement

55Neutral

Balance Sheet

75Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	19.00B	18.58B	15.59B	15.24B	15.63B	15.64B
Gross Profit	3.55B	2.57B	2.04B	2.99B	593.26M	2.04B
EBITDA	956.49M	1.04B	849.00M	634.06M	-557.03M	1.69B
Net Income	126.01M	208.69M	275.40M	-122.55M	-726.95M	919.46M
Balance Sheet
Total Assets	0	24.72B	20.98B	19.07B	19.22B	15.29B
Cash, Cash Equivalents and Short-Term Investments	826.96M	826.96M	616.44M	779.70M	2.27B	1.06B
Total Debt	0	4.39B	2.72B	2.48B	2.27B	1.99B
Total Liabilities	-15.43B	9.29B	7.21B	6.27B	6.44B	5.76B
Stockholders Equity	15.43B	15.23B	13.68B	12.67B	12.56B	9.18B
Cash Flow
Free Cash Flow	-89.39M	-688.70M	-1.18B	-1.61B	-3.06B	-856.08M
Operating Cash Flow	159.47M	650.36M	604.67M	-824.36M	-493.44M	-74.68M
Investing Cash Flow	69.17M	-1.05B	-1.62B	707.51M	-4.23B	-232.87M
Financing Cash Flow	-188.80M	619.61M	936.60M	80.70M	4.07B	977.16M

Asian Granito India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price45.85

Price Trends

50DMA48.85Negative

100DMA51.02Negative

200DMA58.96Negative

Market Momentum

MACD-1.04Positive

RSI42.03Neutral

STOCH14.48Positive

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 45.85 is below the 20-day moving average (MA) of 48.22, below the 50-day MA of 48.85, and below the 200-day MA of 58.96, indicating a bearish trend. The MACD of -1.04 indicates Positive momentum. The RSI at 42.03 is Neutral, neither overbought nor oversold. The STOCH value of 14.48 is Positive, 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 174.30B	29.23	―	1.62%	14.20%	66.86%
IN:SOMANYCERA	68Neutral	INR 22.30B	20.93	―	1.11%	9.32%	82.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ORIENTBELL	55Neutral	INR 5.10B	24.07	―	0.29%	13.22%	387.47%
IN:ASIANTILES	54Neutral	INR 13.59B	60.37	―	―	18.50%	-67.27%
IN:NITCO	39Underperform	INR 17.32B	-57.89	―	―	28.75%	98.71%
IN:PRSMJOHNSN	35Underperform	INR 47.64B	27.24	―	―	1.01%	93.62%

* 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	45.85	-20.06	-30.44%
IN:KAJARIACER	Kajaria Ceramics Limited	1109.15	-57.99	-4.97%
IN:NITCO	Nitco Limited	71.99	-29.01	-28.72%
IN:ORIENTBELL	Orient Bell Limited	346.05	55.77	19.21%
IN:PRSMJOHNSN	Prism Johnson Limited	94.65	-50.25	-34.68%
IN:SOMANYCERA	Somany Ceramics Limited	543.65	91.12	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

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