MarketFriction

Ashirwad Capital Ltd

BSE 512247 · Other Financial Services
₹2.51 -3.09%
BSE close2026-10-01
Market cap₹23.6 Cr.
P/E18.0

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.440.820.150.370.410.080.180.021.130.100.190.44
Expenses0.020.040.030.050.040.030.030.030.120.030.030.06
Operating Profit0.420.780.120.320.370.050.15-0.011.010.070.160.38
OPM %95.45%95.12%80.00%86.49%90.24%62.50%83.33%-50.00%89.38%70.00%84.21%86.36%
Other Income0.060.020.120.050.100.010.030.040.140.020.050.04
Interest0.000.000.000.000.000.000.080.000.140.000.150.07
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax0.480.800.240.370.470.060.100.031.010.090.060.35
Tax %10.42%7.50%20.83%10.81%12.77%16.67%20.00%33.33%15.84%11.11%-33.33%17.14%
Net Profit0.430.730.190.320.400.050.070.020.850.080.090.29
EPS in Rs0.050.080.020.040.040.010.010.000.090.010.010.03
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0.420.520.781.010.460.701.220.961.881.231.701.86
Expenses0.82-0.14-0.260.110.120.090.090.100.140.160.210.24
Operating Profit-0.400.661.040.900.340.611.130.861.741.071.491.62
OPM %-95.24%126.92%133.33%89.11%73.91%87.14%92.62%89.58%92.55%86.99%87.65%87.10%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.25
Interest0.000.000.000.000.000.000.000.000.000.080.290.36
Depreciation0.020.010.010.010.010.010.010.010.010.010.010.00
Profit before tax-0.420.651.030.890.330.601.120.851.730.981.191.51
Tax %0.00%9.23%10.68%21.35%12.12%5.00%11.61%10.59%10.98%13.27%12.61%
Net Profit-0.420.590.920.700.290.580.990.761.550.851.041.31
EPS in Rs-0.050.070.100.080.030.060.110.080.170.090.120.14
Dividend Payout %0.00%27.12%43.48%57.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%19%21%170%
Compounded Profit Growth16%12%11%143%
Stock Price CAGR3%4%0%-28%
Return on Equity7%7%6%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.004.004.004.004.004.004.004.004.006.009.009.00
Reserves2.101.682.082.514.972.265.608.649.2612.9210.3910.06
Borrowings0.000.000.000.000.000.000.000.000.000.002.772.97
Other Liabilities0.980.430.440.800.260.120.140.220.180.270.220.25
Total Liabilities7.086.116.527.319.236.389.7412.8613.4419.1922.3822.28
Fixed Assets0.230.220.200.190.180.170.170.160.150.140.150.14
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments4.515.385.606.897.654.989.5311.9311.7316.2721.8722.02
Other Assets2.340.510.720.231.401.230.040.771.562.780.360.12
Total Assets7.086.116.527.319.236.389.7412.8613.4419.1922.3822.28
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1.321.88-0.06-0.12-0.630.14-0.02-0.04-1.65-1.282.150.05
Cash from Investing Activity1.34-1.680.51-0.361.440.05-1.160.770.891.28-4.850.06
Cash from Financing Activity0.000.000.000.000.000.000.000.000.000.002.70-0.09
Net Cash Flow0.020.200.44-0.480.810.19-1.180.73-0.760.000.000.02
Free Cash Flow-1.321.88-0.06-0.12-0.630.14-0.02-0.04-1.65-1.282.130.05
CFO/OP-186%-470%-9%-12%-70%41%-3%-4%-192%-74%201%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0.000.000.000.000.000.000.000.000.000.000.000.00
Inventory Days
Days Payable
Cash Conversion Cycle0.000.000.000.000.000.000.000.000.000.000.000.00
Working Capital Days-249.06-26.07-210.58-308.8557.82-55.54-41.71-47.87539.90487.3129.67-40.79
ROCE %11.24%-7.13%11.05%16.36%11.50%4.33%7.57%10.07%6.56%10.75%5.16%6.70%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.00%51.00%51.00%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%
Government0.00%0.83%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public49.00%48.17%49.01%49.01%49.00%49.00%49.00%49.00%49.00%49.00%49.00%49.01%
No. of Shareholders19,94621,77128,44540,64250,53565,40469,26867,39665,62363,53162,19261,702

Fundamentals

Market Cap₹ 23.6 Cr.
Current Price₹ 2.62
Stock P/E18.0
Book Value₹ 2.12
ROCE6.70 %
ROE5.41 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)170%
Compounded Profit Growth (TTM)143%
Standalone figures.
Valuation
Market capRs 23 Cr
Enterprise valueRs 26 Cr
P/E (TTM)17.24x
Price to book1.19x
Price to sales12.15x
EV / EBITDA14.09x
EV / EBIT14.17x
EV / sales13.72x
Price to cash flow451.80x
Earnings yield5.80%
P/E, 3-year average25.64x
P/B, 3-year average1.36x
P/E, 5-year average19.67x
P/B, 5-year average1.12x
Profitability
Operating margin (excl. other income)87.65%
Operating margin (incl. other income)87.65%
EBITDA margin97.31%
Pre-tax margin81.18%
Net profit margin70.43%
Net margin, latest quarter65.91%
ROE5.41%
ROCE6.70%
ROA4.66%
ROE, 3-year average6.49%
ROCE, 3-year average7.54%
ROA, 3-year average6.08%
ROE, 5-year average6.85%
ROCE, 5-year average7.85%
ROA, 5-year average6.56%
ROIC (approx.)7.16%
Tax rate12.61%
Growth
Sales growth (latest year)38.21%
Profit growth (latest year)22.35%
Sales CAGR, 3 years20.98%
Sales CAGR, 5 years19.42%
Profit CAGR, 3 years11.02%
Profit CAGR, 5 years12.39%
Sales growth QoQ131.58%
Profit growth QoQ222.22%
Sales growth YoY (latest quarter)2100.00%
Profit growth YoY (latest quarter)1350.00%
Per share
EPS (TTM)Rs 0.15
EPS (latest year)Rs 0.12
EPS (latest quarter)Rs 0.03
EPS, 3-year averageRs 0.16
EPS, 5-year averageRs 0.18
Book value per shareRs 2.12
Sales per shareRs 0.21
Cash flow per shareRs 0.01
Free cash flow per shareRs 0.01
Efficiency
Asset turnover0.08x
Fixed asset turnover12.14x
Cash conversion cycle0 days
Working capital days-41 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.16x
Net debt / EBITDA1.61x
Interest coverage6.21x
Owners' fund to total sources85.55%
Debt to assets13.33%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years-0.15x
Sales to cash flow34.00x
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 0 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 9 Cr
ReservesRs 10 Cr
Shareholders' fundsRs 19 Cr
Total assetsRs 22 Cr
Net blockRs 0 Cr
InvestmentsRs 22 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)9.00
Ownership
Promoter holding51.01% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 17.2 is at the 18th percentile of its own 9.4-year range (median 25.9, low 11.8, high 89.5).
P/B 1.19 is at the 4th percentile (median 1.87).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period512247Nifty 50Difference
1 week-2.3%-2.8% +0.4 pts
1 month-7.7%-6.8% -0.9 pts
3 months-8.1%-7.6% -0.4 pts
3 years-0.4%+14.2% -14.6 pts
5 years+22.4%+27.9% -5.5 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 27% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr +2100.0% vs Jun 2025. Net profit ₹0 Cr +1350.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ashirwad Capital Ltd?

Ashirwad Capital Ltd (512247) has a market capitalisation of Rs 23.6 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ashirwad Capital Ltd?

Ashirwad Capital Ltd trades at a P/E of 18.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ashirwad Capital Ltd's latest quarterly results?

In the Jun 2026 quarter, Ashirwad Capital Ltd sales was Rs 0 Cr (+2100.0% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03