4th-largest listed ceramic tiles maker in India, also making marble, quartz surfaces and sanitaryware.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 30 | 34 | 57 | 127 | 127 | 147 | 232 | 296 |
| Reserves | 487 | 592 | 861 | 1.1k | 1.1k | 1.2k | 1.2k | 1.2k |
| Borrowings | 332 | 295 | 199 | 227 | 248 | 272 | 295 | 439 |
| Other Liabilities | 410 | 447 | 412 | 439 | 391 | 458 | 551 | 510 |
| Total Liabilities | 1.3k | 1.4k | 1.5k | 1.9k | 1.9k | 2.1k | 2.3k | 2.5k |
| AssetsFixed Assets | 463 | 457 | 476 | 577 | 783 | 749 | 896 | 1.0k |
| CWIP | 9 | 24 | 52 | 177 | 0 | 36 | 11 | 49 |
| Investments | 30 | 46 | 66 | 13 | 23 | 3 | 4 | 5 |
| Other Assets | 757 | 839 | 935 | 1.2k | 1.1k | 1.3k | 1.4k | 1.4k |
| Total Assets | 1.3k | 1.4k | 1.5k | 1.9k | 1.9k | 2.1k | 2.3k | 2.5k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 88 | 56 | 46 | -7 | -49 | -82 | 81 | 94 |
| Cash from Investing | -62 | -41 | -26 | -23 | -423 | 71 | -162 | -101 |
| Cash from Financing | -16 | -40 | 10 | 98 | 408 | 8 | 72 | 28 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 25 | 2 | 7 | -80 | -304 | -157 | -92 | -9 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
ASIANTILES · CYCLICAL_UNMODELABLE
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