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07.07.2019

AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 
ASI Industries (CMP 13)
Target -  40 SL – 7.50 Time Frame 12 to 18 Months

Incorporated in 1945, ASI Industries Limited engages in mining and processing of Kotah and other natural stones in India and internationally.It operates through Stone, Wind Power, and Trading segments. The company also engages in the generation of wind power.It has an installed capacity of 3.625 MW comprising 1.125 MW capacity in Gadag District of Karnataka; and 2.50 MW capacity in Satara District of Maharashtra. In addition, it is involved in the trading of fabric, and steel and allied products. ASI holds the largest stone mining quarry in the world spread across 10 sq kms at Ramganjmandi, Kota District, Rajasthan; the home of impeccable quality Kotah Stone. The quarry produces over 12 million square meters of Kotah Stone every year. In 2014, the Company strengthened its global standing through the acquisition of Al-Rawasi Rocks & Aggregate LLC., Fujairah, United Arab Emirates, pioneers in the production and supply of a myriad range of high quality hard limestone rock products. In January 2018, a Sand Washing plant was installed and operationalized at this facility.With an equity capital of Rs.8.29crore it has reserves of Rs.247.52crore.The promoters hold 70.43% while other investing public hold 29.57% stake in this company. Company has posted strong numbers for Q4FY19. During Q4FY19, its net profit zoomed 64.68% to Rs.10.52crore from Rs.6.39crore in Q4FY18 on higher income of Rs.80.04crore in Q4FY19 fetching an EPS of Rs.1.27. Currently, the stock trades at a P/E of 4.8x and it available at 72% discount to its January 2018 high of Rs.45.9.

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