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    Asi Industries

    Rajasthan-based miner and processor of Kota stone and other natural building stones for the real estate, construction and infrastructure sectors.

    Metals & Mining
    Commodities

    Overview

    Price

    Market Cap

    ₹210 Cr

    Sector

    Metals & Mining

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital99999999
    Reserves340283282298313344341353
    Borrowings303109272929311541
    Other Liabilities8253292619223124
    Total Liabilities734455347362370405396427
    AssetsFixed Assets485224168167165162157160
    CWIP600133210
    Investments4387426085101100110
    Other Assets201144137134116140137147
    Total Assets734455347362370405396427

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating317030602034-316
    Cash from Investing-57-125-2914219-324-19
    Cash from Financing2760-4-204-37-4-34
    SummaryCapital Expenditure
    Free Cash Flow-45-5602611830-22
    FCF Margin

    Valuation

    Assumptions

    Current — 502015
    Price
    ₹25
    EPS (TTM)
    ₹2.53
    PE (TTM)
    9.8
    Profit growth
    13.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (11.9×) and current (9.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹25
    vs
    Fair value · 15% return
    ₹21
    14%Overvalued

    At 13.9% growth and a 10× exit, ₹25 only delivers your return if you pay ₹21. The price is currently baking in 17% growth.

    EPS grows 13.9%/yr for 5 years, then fades to 6% over 2, exits at 10×.

    YearGrowthEPS (₹)
    FY2713.9%2.88
    FY2813.9%3.28
    FY2913.9%3.74
    FY3013.9%4.26
    FY3113.9%4.85
    FY3210.0% ·fade5.33
    FY336.0% ·fade5.65

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Asi Industries

    Guides on how to read this kind of business and the numbers that matter.