EN DE

ASI Industries Ltd (ASIIL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹2.2B

AI ASI Industries Ltd ASIIL · BSE
Price₹25.07
Fair Value₹24.88
Upside-0.8%
Quality51/100
Watch ASI Industries Ltd for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Solidly profitable · 15.2% net margin
Low debt · negative free cash flow
1.67% dividend yield
Ranks above peers (10/13)
Moderate moat 45/100
Evidence: Medium Range ₹18.66 – ₹29.31 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹30.53 to ₹24.88 (−18.5%) since Aug 11, 2026.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹18.66 (bear) to ₹29.31 (bull), base ₹24.88. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹61.03 ₹10.33 Fair Value ₹24.88 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹10.33 – ₹61.03 · fair‑value band ₹18.66 – ₹29.31 · the ₹25.07 price screens above the ₹24.88 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

ASI Industries Ltd (ASIIL) currently trades at ₹25.07, while our model-based Fair Value estimate is ₹24.88, implying the stock looks roughly 0.8% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, ASI Industries Ltd generated revenue of ₹1.5B at a net margin of 15.2%. Revenue grew 1.8% year over year. It earns a return on equity of 6.4%. Net debt stands at ₹405M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹18.66 (bear case) to ₹29.31 (bull case); at ₹25.07, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -42% fair-value upside, at -1%, ASIIL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹31.40 ₹32.36 ₹32.69 76
ROIC Compounder ₹11.33 ₹13.33 ₹15.07 72
Growth-Adj P/E ₹22.89 ₹32.69 ₹42.50 68
All 13 models by family
DCF Models
Owner Earnings ₹9.98 ₹14.13 ₹21.60 31
Earnings-Based
Graham-Dodd ₹17.13 ₹20.94 ₹23.56 54
EPV ₹11.33 ₹13.33 ₹15.07 59
Multiples
P/E Multiple ₹32.12 ₹42.83 ₹53.54 63
P/S Multiple ₹18.66 ₹24.88 ₹31.10 58
P/B Multiple ₹32.12 ₹42.83 ₹53.54 55
EV/EBIT ₹17.20 ₹23.40 ₹29.59 53
EV/EBITDA ₹15.44 ₹21.05 ₹26.66 54
EV/Revenue ₹14.72 ₹21.63 ₹28.53 43
Asset-Based
NCAV (Graham) ₹20.07 ₹26.90 ₹40.14 50
Economic Profit
Residual Income ₹31.40 ₹32.36 ₹32.69 76
ROIC Compounder ₹11.33 ₹13.33 ₹15.07 72
Growth Earnings
Growth-Adj P/E ₹22.89 ₹32.69 ₹42.50 68

Widest divergence: Growth Earnings (₹32.69) versus Earnings-Based (₹13.33). Highest evidence: Residual Income (76).

Notify me when ASIIL reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹1.5B
Revenue growth (YoY) +1.8%
Net margin 15.2%
Return on equity 6.4%
Free cash flow −₹1.8M FY2026
P/E ratio 9.9
More key figures
Operating margin 9.5%
EPS (TTM) ₹2.52
Dividend yield 1.7%
EPS growth (YoY) -37.4%
Net debt ₹405M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 36

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ASI Industries Limited engages in the mining and processing of natural stones in India and internationally. The company offers Kota stones that are used in constructions of exteriors, pathways, corridors, driveways, balconies, commercial buildings, etc.

Full company description

ASI Industries Limited engages in the mining and processing of natural stones in India and internationally. The company offers Kota stones that are used in constructions of exteriors, pathways, corridors, driveways, balconies, commercial buildings, etc. It also provides natural stones, including sand stones; oasis designs; waterfalls; ripple; novara; versa; venezzia; split face; square; torino; and tolde. In addition, the company offers trieste; brick; basket wave; diamond; catania; fermo; ferrara; laspezia; lucca; masonary; mesh mount; fish; pebble; palladiyana; and udi stones. It serves real estate, construction, and infrastructure industries. The company was formerly known as Associated Stone Industries (Kotah) Limited and changed its name to ASI Industries Limited. ASI Industries Limited was incorporated in 1945 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ASI Industries Ltd reported revenue of ₹1.5B in FY2026 versus ₹2.0B in FY2022, a compound −7.2%/yr. Reported net income was ₹227M in FY2026.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹1.5B
Latest YoY
−3.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−8.0%
Revenue −7.2%/yr
FY22 ₹2.0B
FY23 ₹1.4B
FY24 ₹1.4B
FY25 ₹1.5B
FY26 ₹1.5B
Net income
FY22 −₹145M
FY23 ₹173M
FY24 ₹251M
FY25 ₹254M
FY26 ₹227M

Watch ASIIL: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "ASI Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ASIIL

Peer Group

Other Industrial Metals & Mining · 481 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Above median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 1.7% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 1.48× · Cheaper than median
EV/EBITDA 11.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 32 · sector 0
FUTURE 9 · sector 24
PAST 25 · sector 0
HEALTH 98 · sector 96
DIVIDEND 33 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 745.46 MXN -48%
Rio Tinto Group RIO A$179.43 A$81.76 -54%
Grupo México, S.A. GMEXICOB 222.38 MXN 172.99 MXN -22%
Vale S.A VALEN 250.00 MXN 139.41 MXN -44%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥19.00 ¥19.80 +4%
China Tungsten And Hightech Materials Co 000657 ¥70.43 ¥9.55 -86%
Hindustan Zinc Limited HINDZINC ₹584.60 ₹501.98 -14%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 -74%
Boliden AB BOL kr 527.80 kr 461.48 -13%

Compare ASI Industries Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is ASI Industries Ltd (ASIIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹24.88 versus a price of ₹25.07, about −1% (fairly valued).
What is the fair value of ASIIL?
Our model-based fair value for ASI Industries Ltd is ₹24.88 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹25.07.
What is the quality score of ASIIL?
ASI Industries Ltd has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ASI Industries Ltd (ASIIL)?
ASI Industries Ltd reported trailing-twelve-month revenue of about ₹1.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ASIIL?
The net profit margin of ASI Industries Ltd is about 15.2%, meaning it keeps roughly 15.2% of revenue as net income. Based on the latest reported figures.
Does ASI Industries Ltd pay a dividend?
ASI Industries Ltd currently shows a dividend yield of about 1.67% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track ASI Industries Ltd and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.