ASI Industries Ltd (ASIIL)

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ASI Industries Ltd (ASIIL) · mywealthgrid

About

ASI Industries Ltd is a small-cap industrial minerals miner in the Materials sector (market cap ₹222.64 Cr). Recent earnings show high volatility: OPM ranged from +25.62% to -9.75% across quarters, and the company is currently unprofitable (ROE -17.42%), suggesting cyclical or capacity-driven earnings swings.

Face value: ₹1

Market cap

₹204 Cr

P/E

—

P/B

0.7×

Dividend yield

1.8%

ROE

-17.4%

ROCE

-11.8%

Debt / equity

0.37

OPM

-6%

EPS (TTM)

₹-6.2

Book value

₹32.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Current losses: ROE -17.42%, OPM -5.95%; verify if cyclical trough or structural deterioration.

Extreme earnings volatility: OPM ranged -9.75% to +25.62%, EPS from -₹0.59 to +₹0.64; verify if driven by commodity prices or capacity utilization swings.

Thin institutional base: 0% FII/DII, 73% promoter ownership creates liquidity risk and limits capital market access.

Stock down 20.73% in 1 year amid unprofitable fundamentals; verify if operational recovery is underway.

Generated analysis · source review pending

Growth drivers

Margin recovery potential: OPM peaked at 25.62% (Dec 2020) and 23.85% (Jun 2019) vs current -5.95%; verify what operational factors drove those peaks and whether they can repeat.

Revenue recovery: reached ₹55.1 Cr (Mar 2021) from ₹28 Cr lows; growth toward higher range depends on industrial minerals demand recovery — verify end-market demand drivers.

Low leverage: D/E ratio 0.37 provides balance sheet flexibility for capex or growth, but verify if management has identified expansion opportunities.

Generated analysis · source review pending

2,177 historical price candles were omitted because the exchange source has not been verified.

₹22.7-2.2%1Y

Quick read

rule-based

Pros

+High promoter holding of 73.1% with no pledge

Cons

−Low return on equity of -1.5% (3-yr avg)
−Weak interest coverage of -4.4×

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 16
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2021	Mar 2022
	314	227	238
COGS	100	46	50
Gross profit	214	181	188
	168	144	202
Operating profit (EBITDA)	46	37	-14
OPM %	14.8%	16.1%	-6%
Depreciation	16	17	44
Interest	11	7	12
	6	4	5
Profit before tax	26	17	-63
Tax	7	5	-7
Tax %	26.9%	28.3%	-11.8%
	19	12	-56
PAT margin %	6.1%	5.2%	-23.5%
EPS (₹)	2.3	—	—
EPS adjusted (₹)	2.3	1.3	-6.2
	12.9%	—	—
Annual report	Annual report for Mar 2018	Annual report for Mar 2021	Annual report for Mar 2022

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022
Equity capital	7	8	9	9	9
Reserves	191	212	—	340	283
	184	172	—	303	109
	50	74	269	73	53
Total equity & liabilities	431	465	278	725	455
	269	261	269	485	224
CWIP	2	0	—	6	0
Investments	6	10	—	43	87
	154	194	10	192	144
Total assets	431	465	278	725	455

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022
	41	31	70	30	60
	-12	-22	-125	-29	142
	-25	-18	60	-4	-204
Net cash flow	4	-9	5	-2	-2
Free cash flow	—	—	—	-2	58
CFO / Operating profit %	—	66.4%	—	81.6%	—

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 5%

Return on equity

7 years: —
5 years: —
3 years: -2%
Last year: -19%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2021	Mar 2022
Margins
Gross margin %	68.3%	79.7%	78.9%
EBITDA margin %	14.8%	16.1%	-6%
EBIT margin %	9.8%	8.5%	-24.3%
PAT margin %	6.1%	5.2%	-23.5%
Working capital
Receivable days	132	188	119
Inventory days	94	352	148
Payable days	—	85	48
NWC days	—	456	219
Leverage
Current ratio	1.5	0.88	2.34
Debt to EBITDA	3.69	8.28	—
Debt to equity	0.78	0.87	0.37
Interest coverage	3.5	3.3	-4.4
Asset turnover	0.67	0.31	0.52
Return ratios
Return on assets %	4.1%	1.6%	-12.3%
Return on capital employed %	11%	5.4%	-11.8%
Return on equity %	8.8%	3.4%	-19.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.51%	72.51%	72.51%	72.51%	72.9%	73.07%	73.07%	73.07%	73.07%	73.07%	73.07%	73.07%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.49%	27.49%	27.49%	27.49%	27.1%	26.93%	26.93%	26.93%	26.93%	26.93%	26.93%	26.93%
No. of shareholders	—	—	—	—	—	—	—	—	12,169	11,985	11,715	11,541

Promoter holding up 0.56 percentage points since Sep 2023.

Mr. DEEPAK JATIAExecutive Director-Chairperson-MD
Mr. TUSHYA JATIAExecutive Director
Mrs. ANITA JATIAExecutive Director
Mr. PADAMKUMAR R. PODDARNon-Executive - Independent Director
Pavan SoniChief Financial Officer
Mr. ARUNANSHU VIJAYKUMAR AGARWALNon-Executive - Independent Director
Mr. RAJARAM GORDHANLAL AGARWALNon-Executive - Independent Director
Mr. Manish KakraiCompany Secretary

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in ASI Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

17

Final dividend16 Sept 2026 · ex-date₹0.4
Final dividend4 Sept 2025 · ex-date₹0.4
Dividend dividend13 Sept 2024 · ex-date₹0.35
Dividend dividend22 Sept 2023 · ex-date₹0.2
Final dividend12 Sept 2019 · ex-date₹0.3
Final dividend14 Sept 2018 · ex-date₹0.3
Final dividend14 Sept 2017 · ex-date₹0.3
Final dividend15 Sept 2016 · ex-date₹0.3
Dividend dividend16 Sept 2015 · ex-date₹1.5
Dividend dividend11 Sept 2014 · ex-date₹1.25
Dividend dividend13 Aug 2013 · ex-date₹1.25
Dividend dividend14 Aug 2012 · ex-date₹1
Dividend dividend1 Aug 2011 · ex-date₹1
Final dividend17 Aug 2010 · ex-date₹0.75
Interim dividend24 Nov 2009 · ex-date₹0.5
Dividend dividend9 Sept 2009 · ex-date₹1.2
Dividend dividend10 Sept 2008 · ex-date₹1

1

Board meeting to consider results27 Jul 2026

2

Face value ₹5 → ₹126 Nov 2015 · ex-date
Face value ₹10 → ₹518 Feb 2010 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

22 Sept 2026, 4:47 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Ratio	Mar 2018	Mar 2021	Mar 2022
Margins
Gross margin %	68.3%	79.7%	78.9%
EBITDA margin %	14.8%	16.1%	-6%
EBIT margin %	9.8%	8.5%	-24.3%
PAT margin %	6.1%	5.2%	-23.5%
Working capital
Receivable days	132	188	119
Inventory days	94	352	148
Payable days	—	85	48
NWC days	—	456	219
Leverage
Current ratio	1.5	0.88	2.34
Debt to EBITDA	3.69	8.28	—
Debt to equity	0.78	0.87	0.37
Interest coverage	3.5	3.3	-4.4
Asset turnover	0.67	0.31	0.52
Return ratios
Return on assets %	4.1%	1.6%	-12.3%
Return on capital employed %	11%	5.4%	-11.8%
Return on equity %	8.8%	3.4%	-19.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lloyds Metals And Energy LimitedLLOYDSMELLOYDSME	₹1,00,016 Cr	₹1,20,397 Cr	₹22,084 Cr	₹8,129 Cr	35.9%	₹4,766 Cr	22.4%	31.1%	36.3%	31
Nmdc LimitedNMDCNMDC	₹65,622 Cr	₹71,496 Cr	₹32,127 Cr	₹9,249 Cr	28.9%	₹7,459 Cr	23.2%	32.4%	24.9%	226
Gujarat Mineral Development Corporation LimitedGMDCLTDGMDCLTD	₹15,507 Cr	₹15,816 Cr	₹2,827 Cr	₹466 Cr	16.7%	₹956 Cr	36.1%	9.8%	14.2%	-17
Gravita India LimitedGRAVITAGRAVITA	₹10,425 Cr	₹11,157 Cr	₹4,700 Cr	₹444 Cr	10.2%	₹392 Cr	8.9%	19.3%	16.8%	139
Moil LimitedMOILMOIL	₹4,735 Cr	₹4,735 Cr	₹976 Cr	₹137 Cr	33.3%	₹74 Cr	24.1%	18.4%	12.5%	—
Ashapura Minechem LimitedASHAPURMINASHAPURMIN	₹4,679 Cr	₹6,123 Cr	₹5,498 Cr	₹554 Cr	10.6%	₹411 Cr	8%	21.6%	27.8%	-22
The Orissa Minerals Development Company LimitedORISSAMINEORISSAMINE	₹2,123 Cr	₹2,264 Cr	₹103 Cr	₹17 Cr	9.7%	₹3 Cr	-3.1%	12.3%	—	167
20 Microns Limited20MICRONS20MICRONS	₹732 Cr	₹877 Cr	₹951 Cr	₹124 Cr	12.9%	₹68 Cr	7%	21%	14.6%	126
Nile LimitedNILENILE	₹373 Cr	₹395 Cr	₹920 Cr	₹56 Cr	6.1%	₹31 Cr	4%	20.1%	14.7%	—
Goa Carbon LimitedGOACARBONGOACARBON	₹371 Cr	₹538 Cr	₹563 Cr	₹-25 Cr	-4%	₹-47 Cr	-6.9%	-9.7%	-25%	106
ASI Industries LtdASIILASIIL	₹204 Cr	₹314 Cr	₹238 Cr	₹-14 Cr	-6%	₹-56 Cr	-23.5%	-11.8%	-17.4%	219
Southern Magnesium & Chemicals LtdSOUTHMGSOUTHMG	₹23 Cr	₹28 Cr	₹2 Cr	₹0 Cr	0.9%	₹-0 Cr	3.9%	4.9%	1%	1,452

Date	Category	Subject	Filing
22 Sept 2026, 4:47 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
21 Sept 2026, 11:37 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
15 Sept 2026, 3:45 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Aug 2026, 1:06 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
25 Aug 2026, 4:22 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
25 Aug 2026, 4:21 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
25 Aug 2026, 4:11 pm	AGM/EGM AGM	Notice Of AGM	PDF
25 Aug 2026, 4:05 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

ASI Industries Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends17

Board meetings1

Stock splits2

Announcements

Dividends17

Board meetings1

Stock splits2

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

17

1

2

17

1

2