Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.06 | 1.06 | 6.80 | 0.42 | 0.69 | 2.69 | 1.04 | 0.35 | 4.49 | 2.59 | 5.51 | 1.33 |
| Expenses | 2.17 | 0.88 | 7.59 | 1.32 | 0.81 | 2.74 | 3.96 | 0.60 | 4.66 | 2.71 | 6.58 | 1.39 |
| Operating Profit | -0.11 | 0.18 | -0.79 | -0.90 | -0.12 | -0.05 | -2.92 | -0.25 | -0.17 | -0.12 | -1.07 | -0.06 |
| OPM % | -5.34% | 16.98% | -11.62% | -214.29% | -17.39% | -1.86% | -280.77% | -71.43% | -3.79% | -4.63% | -19.42% | -4.51% |
| Other Income | 0.49 | 0.16 | 1.63 | 1.08 | 0.27 | 0.19 | 4.24 | 0.50 | 0.35 | 0.31 | 1.29 | 0.23 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.07 | 0.07 | 0.30 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Profit before tax | 0.31 | 0.27 | 0.54 | 0.05 | 0.02 | 0.01 | 1.19 | 0.12 | 0.05 | 0.06 | 0.09 | 0.04 |
| Tax % | 22.58% | 25.93% | 62.96% | 0.00% | 50.00% | 0.00% | 91.60% | 0.00% | 0.00% | 0.00% | 88.89% | 0.00% |
| Net Profit | 0.24 | 0.20 | 0.20 | 0.05 | 0.01 | 0.01 | 0.10 | 0.12 | 0.06 | 0.06 | 0.01 | 0.04 |
| EPS in Rs | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.81 | 74.21 | 26.80 | 10.16 | 9.01 | 19.64 | 12.47 | 4.83 | 12.85 | 13.92 |
| Expenses | 11.82 | 65.82 | 28.23 | 9.72 | 9.06 | 19.93 | 12.92 | 8.84 | 14.55 | 15.34 |
| Operating Profit | -0.01 | 8.39 | -1.43 | 0.44 | -0.05 | -0.29 | -0.45 | -4.01 | -1.70 | -1.42 |
| OPM % | -0.08% | 11.31% | -5.34% | 4.33% | -0.55% | -1.48% | -3.61% | -83.02% | -13.23% | -10.20% |
| Other Income | -0.64 | 0.64 | 0.40 | 0.64 | 2.27 | 1.74 | 2.40 | 5.79 | 2.54 | 2.18 |
| Interest | 0.00 | 0.69 | 0.24 | 0.10 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.01 | 4.10 | 3.66 | 1.70 | 0.98 | 0.30 | 0.52 | 0.52 | 0.52 | 0.52 |
| Profit before tax | -0.66 | 4.24 | -4.93 | -0.72 | 1.23 | 1.14 | 1.43 | 1.26 | 0.32 | 0.24 |
| Tax % | 0.00% | 5.19% | -8.32% | -2.78% | 65.85% | 21.05% | 33.57% | 87.30% | 25.00% | |
| Net Profit | -0.66 | 4.02 | -4.51 | -0.69 | 0.42 | 0.90 | 0.96 | 0.17 | 0.25 | 0.17 |
| EPS in Rs | -0.08 | 0.51 | -0.57 | -0.09 | 0.05 | 0.03 | 0.04 | 0.01 | 0.01 | 0.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 5% | -13% | 192% | ||
| Compounded Profit Growth | % | 19% | -35% | -29% | ||
| Stock Price CAGR | % | 30% | -49% | -12% | ||
| Return on Equity | % | 1% | 1% | 0% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.02 | 3.02 | 3.02 | 3.02 | 3.02 | 9.90 | 10.10 | 10.10 | 26.51 |
| Reserves | 9.16 | 13.19 | 41.85 | 41.16 | 41.58 | 46.47 | 50.46 | 50.61 | 83.22 |
| Borrowings | 1.67 | 69.92 | 1.74 | 3.18 | 1.74 | 1.69 | 3.77 | 46.13 | 5.38 |
| Other Liabilities | 1.54 | 9.64 | 19.41 | 25.09 | 22.30 | 26.91 | 29.46 | 21.00 | 20.60 |
| Total Liabilities | 15.39 | 95.77 | 66.02 | 72.45 | 68.64 | 84.97 | 93.79 | 127.84 | 135.71 |
| Fixed Assets | 0.05 | 14.55 | 8.90 | 13.42 | 12.70 | 12.17 | 11.66 | 11.14 | 10.64 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 7.32 |
| Investments | 2.17 | 1.37 | 4.16 | 4.01 | 0.59 | 0.59 | 3.59 | 2.82 | 0.77 |
| Other Assets | 13.17 | 79.85 | 52.96 | 55.02 | 55.35 | 72.21 | 78.54 | 113.54 | 116.98 |
| Total Assets | 15.39 | 95.77 | 66.02 | 72.45 | 68.64 | 84.97 | 93.79 | 127.84 | 135.71 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -11.57 | 57.79 | -67.29 | 16.56 | -17.99 | -8.93 | 2.96 | -12.75 | -42.22 |
| Cash from Investing Activity | -0.77 | -16.33 | -0.40 | -3.78 | 4.61 | 1.74 | -0.75 | 0.62 | -3.15 |
| Cash from Financing Activity | 12.36 | -41.41 | 72.10 | -2.50 | -1.28 | 9.66 | -4.01 | 11.52 | 52.49 |
| Net Cash Flow | 0.02 | 0.05 | 4.40 | 10.27 | -14.66 | 2.47 | -1.80 | -0.61 | 7.12 |
| Free Cash Flow | -11.63 | 42.86 | -65.30 | 11.98 | -18.25 | -8.93 | 2.96 | -13.09 | -49.21 |
| CFO/OP | 115,700% | 689% | 4,706% | 3,764% | 35,980% | 3,034% | -707% | 294% | 2,481% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 309.68 | 115.29 | 135.65 | 310.03 | 234.15 | 232.86 | 453.10 | 560.72 | 456.75 |
| Inventory Days | 0.00 | 33.79 | 110.54 | 63.95 | 51.10 | 0.00 | 7.81 | 0.00 | 0.00 |
| Days Payable | 33.16 | 38.77 | 410.68 | 82.73 | 360.77 | ||||
| Cash Conversion Cycle | 309.68 | 115.92 | 207.42 | -36.69 | 202.52 | 232.86 | 100.15 | 560.72 | 456.75 |
| Working Capital Days | 358.51 | -197.18 | 344.84 | 271.24 | 1,071.50 | 655.48 | 929.62 | 3,411.20 | 2,453.31 |
| ROCE % | 9.81% | -6.27% | -0.98% | 0.94% | 1.68% | 1.84% | 1.23% | 0.25% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 27.11% | 26.57% | 17.35% | 17.35% | 17.35% | 17.35% | 17.35% | 17.35% | 17.35% | 6.61% | 6.61% | 6.61% |
| Public | 72.89% | 73.42% | 82.65% | 82.64% | 82.64% | 82.65% | 82.65% | 82.64% | 82.64% | 93.39% | 93.39% | 93.38% |
| No. of Shareholders | 46,642 | 63,369 | 78,195 | 73,749 | 68,634 | 66,863 | 65,928 | 64,468 | 63,034 | 63,899 | 63,914 | 78,583 |
Fundamentals
Market Cap₹ 63.6 Cr.
Current Price₹ 2.40
Stock P/E374
Book Value₹ 4.14
ROCE0.25 %
ROE0.29 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)192%
Compounded Profit Growth (TTM)-29%
Consolidated figures.
Valuation
Market capRs 64 Cr
Enterprise valueRs 110 Cr
P/E (TTM)378.91x
Price to book1.06x
Price to sales4.63x
EV / EBITDA145.15x
EV / EBIT459.65x
EV / sales7.92x
Earnings yield0.26%
P/E, 3-year average133.05x
P/B, 3-year average1.32x
P/E, 5-year average100.05x
P/B, 5-year average0.79x
Profitability
Operating margin (excl. other income)-83.02%
Operating margin (incl. other income)36.85%
EBITDA margin5.46%
Pre-tax margin1.72%
Net profit margin1.22%
Net margin, latest quarter3.01%
ROE0.28%
ROCE1.47%
ROA0.15%
ROE, 3-year average1.24%
ROCE, 3-year average2.00%
ROA, 3-year average0.80%
ROE, 5-year average0.62%
ROCE, 5-year average1.47%
ROA, 5-year average0.40%
ROIC (approx.)0.03%
Tax rate87.30%
Other income / net worth9.54%
Growth
Sales growth (latest year)-61.27%
Profit growth (latest year)-82.29%
Sales CAGR, 3 years-18.77%
Sales CAGR, 5 years-29.02%
Profit CAGR, 3 years-26.03%
Sales growth QoQ-75.86%
Profit growth QoQ300.00%
Sales growth YoY (latest quarter)280.00%
Profit growth YoY (latest quarter)-66.67%
Per share
EPS (TTM)Rs 0.01
EPS (latest year)Rs 0.02
EPS (latest quarter)Rs 0.00
EPS, 3-year averageRs 0.07
EPS, 5-year averageRs -0.14
Book value per shareRs 2.29
Sales per shareRs 0.53
Cash flow per shareRs -0.48
Free cash flow per shareRs -1.86
Efficiency
Asset turnover0.04x
Fixed asset turnover0.43x
Debtor days561 days
Debtors turnover0.65x
Creditor days361 days
Cash conversion cycle457 days
Working capital days2453 days
Leverage
Total debtRs 46 Cr
Cash and bankRs 0 Cr
Net debtRs 46 Cr
Debt to equity0.76x
Net debt / EBITDA60.39x
Owners' fund to total sources47.49%
Debt to assets36.08%
Cash flow
Cash from Operating Activity (latest year)Rs -13 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 12 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -49 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years-29.23x
Statement figures
Net sales (TTM)Rs 14 Cr
Net sales (latest year)Rs 5 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 5 Cr
Total expenditure (latest year)Rs 9 Cr
Total income (latest year)Rs 11 Cr
Share capitalRs 10 Cr
ReservesRs 51 Cr
Shareholders' fundsRs 61 Cr
Total assetsRs 128 Cr
Net blockRs 11 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 3 Cr
ReceivablesRs 7 Cr
Other liabilitiesRs 21 Cr
Shares outstanding (crore)26.51
Ownership
Promoter holding6.61% (-10.74 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 378.9 is at the 92th percentile of its own 3.1-year range
(median 159.6, low 1.2, high 382.0).
P/B 1.06 is at the 36th percentile (median 1.25).
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.
| Period | 541702 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.2% | -2.8% | -0.4 pts |
| 1 month | -17.1% | -6.8% | -10.3 pts |
| 3 months | -23.3% | -7.6% | -15.7 pts |
| 3 years | -87.1% | +14.2% | -101.3 pts |
| 5 years | +257.4% | +27.9% | +229.5 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -922% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 10% of total assets in 2026 |
| explain | Share dilution Share count up 0% in a year, 236% in three |
| explain | Debt up, profit down Borrowings up 1124% while net profit fell in 2026 |
| look | Profit leans on other income Other income was 460% of pre-tax profit in 2026 |
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 2026Sales ₹1 Cr +280.0% vs Jun 2025.
Net profit ₹0 Cr -66.7%.
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 Ashnisha Industries Ltd?
Ashnisha Industries Ltd (541702) has a market capitalisation of Rs 63.6 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ashnisha Industries Ltd?
Ashnisha Industries Ltd trades at a P/E of 374 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ashnisha Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Ashnisha Industries Ltd sales was Rs 1 Cr (+280.0% vs Jun 2025) and net profit was Rs 0 Cr.