MarketFriction

Ashima Ltd

NSE ASHIMASYN · BSE 514286 · Other Textile Products
₹15.31 -4.19%
NSE close2026-10-01
52 week range11.50 - 23.50
Market cap₹308 Cr.
ASM long-term Price band 20% Delivery 84.3%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3.366.2678.667.845.282.170.812.774.010.786.868.33
Expenses0.152.0415.361.961.896.062.002.696.182.769.555.02
Operating Profit3.214.2263.305.883.39-3.89-1.190.08-2.17-1.98-2.693.31
OPM %95.54%67.41%80.47%75.00%64.20%-179.26%-146.91%2.89%-54.11%-253.85%-39.21%39.74%
Other Income-3.740.7134.41-2.65-13.40-5.756.16-0.72-3.611.89-3.321.25
Interest0.541.291.641.691.711.711.681.722.132.482.642.46
Depreciation0.200.200.190.190.200.200.070.070.070.070.070.07
Profit before tax-1.273.4495.881.35-11.92-11.553.22-2.43-7.98-2.64-8.722.03
Tax %-0.00%-0.00%0.06%-0.00%-0.00%-0.00%-0.93%4.12%1.25%3.79%-20.41%4.93%
Net Profit-1.273.4495.821.35-11.92-11.553.25-2.53-8.08-2.74-6.941.93
EPS in Rs-0.070.185.000.07-0.62-0.600.17-0.13-0.42-0.14-0.360.10
Mar 2008Mar 2009Mar 2010Mar 2011Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026TTM
Sales22320822525933628510420790101220
Expenses2292082222493392891072151851524
Operating Profit-6-0310-4-4-3-7725-3-4
OPM %-2.6%-0.1%1.2%3.9%-1.1%-1.3%-2.7%-3.5%80%50%-26%-18%
Other Income-21-10-32-1508-33029-17-9-4
Interest2411822247910
Depreciation1514141365331100
Profit before tax-44-28-44-533-3-111896-19-22-17
Tax %0%1%0%-0%-0%-0%2%-0%0%-0%-7%
Net Profit-44-28-44-533-3-111896-19-20-16
EPS in Rs-3.92-2.49-3.85-0.462.54-0.26-0.600.935.03-0.99-1.06-0.82
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%-35%%81%
Compounded Profit Growth%-35%%71%
Stock Price CAGR1%-2%0%-28%
Return on Equity%%6%-7%
Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Equity Capital33333333339353192192192192192
Reserves-239-265-293-305-27213229183512510785
Borrowings58852853152849128252318124122164
Other Liabilities37383329296618937739282116
Total Liabilities420335304286282319296269318533502557
Fixed Assets2842502282131991371391341171314742
CWIP0-0-0-0-001187-0-0
Investments44-0-0-013153133131137
Other Assets13281767383169142131180364425378
Total Assets420335304286282319296269318533502557
Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Cash from Operating Activity65-36-2-264-8-26-39-20-40
Cash from Investing Activity-5-22015513-737-329-41
Cash from Financing Activity-3-2-1-3-0-24-2013-686-1034
Net Cash Flow-21-23-26-2-2644-0-48
Free Cash Flow33-26-230182-13-43-20-35
CFO/OP117%-89%1,091%195%-20%668%-95%337%371%-53%-353%1,285%
Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Debtor Days22233233252721503915213765
Inventory Days154137130113133157142246246
Days Payable6977685444116104172153
Cash Conversion Cycle107839492114685812413315213765
Working Capital Days129485954657880971205996,6585,560
ROCE %-2%-5%-5%-3%-1%-2%3%-3%2%0%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%
FIIs0.03%0.03%0.03%0.10%0.00%0.00%0.03%0.05%0.04%0.10%0.14%0.14%
DIIs0.00%0.00%0.00%0.07%0.13%0.13%0.00%0.00%0.00%0.00%0.00%0.00%
Public26.48%26.49%26.48%26.34%26.39%26.38%26.49%26.47%26.47%26.42%26.38%26.37%
No. of Shareholders24,82826,56233,32440,43546,51345,74345,32643,95642,68341,40540,60439,866

Fundamentals

Market Cap₹ 308 Cr.
Current Price₹ 16.1
Book Value₹ 14.4
ROCE0.43 %
ROE-7.39 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)81%
Compounded Profit Growth (TTM)71%
Consolidated figures.
Valuation
Market capRs 293 Cr
Enterprise valueRs 430 Cr
Price to book1.06x
Price to sales14.69x
EV / sales21.50x
Earnings yield-5.39%
P/E, 3-year average3.58x
P/B, 3-year average1.00x
P/E, 5-year average9.36x
P/B, 5-year average1.13x
Profitability
Operating margin (excl. other income)-26.31%
Operating margin (incl. other income)-104.50%
EBITDA margin-36.64%
Pre-tax margin-86.64%
Net profit margin-79.23%
Net margin, latest quarter23.17%
ROE-7.06%
ROCE-2.98%
ROA-3.83%
ROE, 3-year average7.43%
ROCE, 3-year average7.80%
ROA, 3-year average5.06%
ROE, 5-year average4.53%
ROCE, 5-year average5.28%
ROA, 5-year average3.44%
ROIC (approx.)-1.71%
Tax rate6.84%
Other income / net worth-3.39%
Growth
Sales growth (latest year)14.60%
Sales CAGR, 3 years-61.31%
Sales CAGR, 5 years-46.94%
Sales growth QoQ21.43%
Sales growth YoY (latest quarter)200.72%
Per share
EPS (TTM)Rs -0.83
EPS (latest year)Rs -1.06
EPS (latest quarter)Rs 0.10
EPS, 3-year averageRs 0.99
EPS, 5-year averageRs 0.66
Book value per shareRs 14.45
Sales per shareRs 1.04
Cash flow per shareRs -2.10
Free cash flow per shareRs -1.83
Efficiency
Asset turnover0.02x
Fixed asset turnover0.28x
Inventory turnover0.01x
Inventory days34191 days
Debtor days65 days
Debtors turnover5.64x
Creditor days153 days
Cash conversion cycle65 days
Working capital days5560 days
Leverage
Total debtRs 164 Cr
Cash and bankRs 28 Cr
Net debtRs 136 Cr
Debt to equity0.59x
Interest coverage-0.78x
Owners' fund to total sources49.71%
Debt to assets29.48%
Cash flow
Cash from Operating Activity (latest year)Rs -40 Cr
Cash from Investing Activity (latest year)Rs -41 Cr
Cash from Financing Activity (latest year)Rs 34 Cr
Net Cash Flow (latest year)Rs -48 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs 8 Cr
Cash from ops / profit, 5 years-2.08x
Statement figures
Net sales (TTM)Rs 20 Cr
Net sales (latest year)Rs 12 Cr
Sales (latest quarter)Rs 8 Cr
Operating profit excl. other income (latest year)Rs -3 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs -4 Cr
EBITDA (TTM)Rs -7 Cr
PBDT (TTM)Rs -17 Cr
Profit before tax (TTM)Rs -17 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs -16 Cr
Net profit (latest year)Rs -20 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 3 Cr
Share capitalRs 192 Cr
ReservesRs 85 Cr
Shareholders' fundsRs 277 Cr
Total assetsRs 557 Cr
Net blockRs 42 Cr
InvestmentsRs 137 Cr
ReceivablesRs 2 Cr
InventoryRs 290 Cr
Other liabilitiesRs 116 Cr
Shares outstanding (crore)19.17
Ownership
Promoter holding73.49% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.06 is at the 24th percentile (median 1.35).
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.
PeriodASHIMASYNNifty 50Difference
1 week-3.1%-2.8% -0.3 pts
1 month-13.4%-6.8% -6.6 pts
3 months+5.8%-7.6% +13.4 pts
6 months+30.0%+0.4% +29.6 pts
1 year-33.1%-9.9% -23.2 pts
2 years-54.1%-13.6% -40.5 pts
3 years-4.9%+14.2% -19.1 pts
5 years-13.7%+27.9% -41.6 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -173% of net profit over the last 3 years
explainDebt up, profit down Borrowings up 35% while net profit fell in 2026
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: ASM long-term
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-21Chintan Navnitlal Parikh and ShefaPromoter groupsell57,480,000SAST Others
2026-09-21Shefali Chintan ParikhPromoter groupbuy57,480,000SAST Others
2026-09-21Chintan Navnitlal Parikh (Trustee Promoter groupsell57,480,000SAST Inter-se transfer
2026-09-21Shefali Chintan ParikhPromoter groupbuy57,480,000SAST Inter-se transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹8 Cr +200.7% vs Jun 2025. Net profit ₹2 Cr +176.3%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
K P R Mill Ltd36,96740.519.6 %
Welspun Living Ltd21,27776.56.26 %
Vardhman Textiles Ltd15,33518.18.55 %
Trident Ltd11,46129.09.79 %
Indo Count Industries Ltd8,61457.18.19 %
Garware Technical Fibres Ltd7,36133.422.0 %
Kusumgar Ltd6,37850.718.8 %
Filatex India Ltd4,97325.919.1 %
Jindal Worldwide Ltd4,71955.78.63 %
Sanathan Textiles Ltd4,35271.66.89 %
Raymond Lifestyle Ltd4,02627.03.52 %
Alok Industries Ltd3,501-3.95 %
Nitin Spinners Ltd3,40316.112.2 %
Sangam (India) Ltd3,24825.810.7 %
Ganesha Ecosphere Ltd2,70347.85.58 %
No bulk or block deals on record.
Ex-dateActionFactor
2022-08-11Annual General Meeting
2021-08-05 Annual General Meeting
2020-09-17 Annual General Meeting
2019-08-01 Annual General Meeting
2018-08-02 Annual General Meeting
2017-08-03 Annual General Meeting
2016-08-04 Annual General Meeting
2015-10-30 Rights : 24:10 At Par
2015-09-10 Annual General Meeting
2014-09-19Annual General Meeting
2013-09-12Annual General Meeting
2012-07-17Annual General Meeting
2011-09-15Annual General Meeting (Bc End Date Revised)
2010-06-21Annual General Meeting
2009-06-19Annual General Meeting
2008-06-19Annual General Meeting
2007-06-21Agm
2006-06-21Agm
DateTypeWhat it says
2026-09-23Disclosure under SEBI TakeovAshima Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made ...
2026-09-15Disclosure under SEBI TakeovShefali Chintan Parikh has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Subst...
2026-08-11Change in ManagementChange in Management
2026-08-06Shareholder meetingVoting results.
2026-08-06Shareholder meetingProceedings of Annual General Meeting held on August 06, 2026
2026-07-18Board meeting outcomeAshima Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-14Record DateRecord date for the purpose of Meeting is 30-Jul-2026.
2026-07-13Shareholder meetingNotice of Annual General Meeting to be held on August 06, 2026
2026-07-01AppointmentAppointment of Ms Uttara Chintan Parikh as Non-Executive Non-Independent Director of the company w.e.f. July 01, 2026.
2026-07-01General UpdatesGeneral Updates
2026-07-01Board meeting outcomeOutcome of Board Meeting held on July 01, 2026.
2026-06-29Shareholder meetingVoting results.
2026-05-27Shareholder meetingNotice of Postal Ballot
2026-05-23General UpdatesGeneral Updates
2026-05-23Board meeting outcomeAshima Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-01ResignationResignation of Director/KMP/SMP
2026-05-01General UpdatesGeneral Updates
2026-05-01Director changeChange in Director(s) of the company.
2026-05-01Board meeting outcomeOutcome of Board Meeting held on May 01, 2026.
2026-04-09Disclosure under SEBI TakeovChintan N. Parikh has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-03-21Shareholder meetingVoting results.
2026-03-19Shareholder meetingVoting results.
2026-03-19General UpdatesGeneral Updates
2026-02-28General UpdatesGeneral Updates
2026-02-28Board meeting outcomeOutcome of Board Meeting held on February 28, 2026.
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.
Order dateForumCase
2020-07-15NCLTAshima Ltd Vs
2020-06-16NCLTAshima Ltd Vs
2020-06-12NCLTAshima Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)Long Term Additional Surveillance Measure (Long Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03