Ashoka Refineries Ltd

₹ 15.4 -4.99%

05 Oct - close price

About

Incorporated in 1991, Ashoka Refineries Ltd is engaged in the trading of goods.^[1]

Key Points

Business Overview:^[1]^[2]
ARL is mainly engaged in the trading of goods
and is in the business:
a) To import, export, buy, sell, and cargo handling
b) To manufacture and refine, prepare, and deal in oil and oil substances
c) To set up oil extraction and refine oil plant, etc.
d) To undertake wholesale and retail business or an indenting of all kinds of all products

Website BSE

Market Cap ₹ 5.25 Cr.
Current Price ₹ 15.4
High / Low ₹ 16.2 / 11.8
Stock P/E
Book Value ₹ 7.20
Dividend Yield 0.00 %
ROCE -6.00 %
ROE -6.36 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -44.4% over past five years.
Promoter holding is low: 32.9%
Company has a low return on equity of -3.92% over last 3 years.
Company has high debtors of 365 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Other Agricultural Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.47	0.29	0.28	0.45	0.27	0.03	0.02	0.00	0.00	0.00	0.03	0.01	0.01
	0.47	0.31	0.30	0.43	0.29	0.07	0.07	0.05	0.04	0.04	0.07	0.05	0.05
Operating Profit	0.00	-0.02	-0.02	0.02	-0.02	-0.04	-0.05	-0.05	-0.04	-0.04	-0.04	-0.04	-0.04
OPM %	0.00%	-6.90%	-7.14%	4.44%	-7.41%	-133.33%	-250.00%				-133.33%	-400.00%	-400.00%
	0.00	0.01	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.00	-0.01	0.01	0.02	-0.02	-0.04	-0.05	-0.05	-0.04	-0.04	-0.04	-0.04	-0.04
Tax %		0.00%	0.00%	50.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00	-0.01	0.01	0.02	-0.02	-0.04	-0.05	-0.05	-0.04	-0.04	-0.04	-0.04	-0.04
EPS in Rs	0.00	-0.03	0.03	0.06	-0.06	-0.12	-0.15	-0.15	-0.12	-0.12	-0.12	-0.12	-0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0.02	0.00	0.00	0.00	0.00	0.00	0.75	2.31	1.91	1.48	0.31	0.04	0.05
	0.06	0.05	0.11	0.07	0.08	0.17	0.76	2.15	1.84	1.50	0.48	0.20	0.21
Operating Profit	-0.04	-0.05	-0.11	-0.07	-0.08	-0.17	-0.01	0.16	0.07	-0.02	-0.17	-0.16	-0.16
OPM %	-200.00%						-1.33%	6.93%	3.66%	-1.35%	-54.84%	-400.00%	-320.00%
	0.00	0.00	0.02	0.06	0.08	0.13	0.02	0.03	0.04	0.04	0.00	0.00	0.00
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	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.04	-0.05	-0.09	-0.01	0.00	-0.04	0.01	0.19	0.11	0.02	-0.17	-0.16	-0.16
Tax %	0.00%	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%	18.18%	50.00%	0.00%	0.00%
	-0.04	-0.05	-0.09	-0.01	0.00	-0.04	0.01	0.18	0.09	0.02	-0.17	-0.16	-0.16
EPS in Rs	-0.12	-0.15	-0.26	-0.03	0.00	-0.12	0.03	0.53	0.26	0.06	-0.50	-0.47	-0.48
Dividend Payout %	0.00%	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	-44%
3 Years:	-72%
TTM:	-87%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	11%

Stock Price CAGR
10 Years:	1%
5 Years:	27%
3 Years:	39%
1 Year:	10%

Return on Equity
10 Years:	-1%
5 Years:	0%
3 Years:	-4%
Last Year:	-6%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40
Reserves	-1.70	-1.76	-2.65	-2.66	-1.89	-1.58	-1.44	-0.99	-0.67	-0.67	-0.82	-0.95
	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
	0.52	0.53	0.44	0.53	0.34	0.04	0.25	0.26	0.65	0.03	0.02	0.05
Total Liabilities	2.37	2.32	1.34	1.42	2.00	2.01	2.36	2.82	3.53	2.91	2.75	2.65
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	1.24	1.14	0.43	0.43	1.20	1.27	1.42	1.42	1.92	0.38	0.40	0.43
	1.13	1.18	0.91	0.99	0.80	0.74	0.94	1.40	1.61	2.53	2.35	2.22
Total Assets	2.37	2.32	1.34	1.42	2.00	2.01	2.36	2.82	3.53	2.91	2.75	2.65

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.01	-0.02	0.04	-0.07	-0.09	0.29	-0.04	-0.31	0.00	-1.53	0.26	-0.17
	0.00	0.10	-0.10	0.00	0.00	0.00	0.00	0.29	0.16	1.30	0.00	0.00
	0.00	0.00	0.02	0.06	0.08	-0.26	0.02	0.03	0.03	0.04	0.00	0.00
Net Cash Flow	-0.01	0.08	-0.05	-0.01	-0.01	0.03	-0.01	0.00	0.19	-0.19	0.26	-0.17
Free Cash Flow	-0.01	-0.02	0.04	-0.07	-0.09	0.29	-0.04	-0.31	0.00	-1.53	0.26	-0.17
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	25%	40%	-36%	100%	112%	-171%	400%	-194%	29%	7,600%	-153%	106%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0.00						116.80	109.03	204.48	155.37	0.00	365.00
Inventory Days							0.00	0.00	0.00	0.00	0.00	0.00
Days Payable
Cash Conversion Cycle	0.00						116.80	109.03	204.48	155.37	0.00	365.00
Working Capital Days	-547.50						24.33	75.84	116.57	147.97	-23.55	0.00
ROCE %	-2.14%	-2.75%	-6.69%	-1.12%	0.00%	-2.20%	0.49%	8.14%	4.04%	0.69%	-6.06%	-6.00%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cost of Purchase of Goods (Purchase of Stock-in-Trade)
Rs. Lakhs

x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xxx.xx	xxx.xx	xxx.xx	xx.xx	x.xx
xx	xx	xx	xx	xx	xx	xx	x	x	x	x
x	x	x	x	x	x	x	x	x	x	x

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Number of permanent employees on rolls
count

Number of unquoted equity investee companies held
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%	32.94%
	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%
	66.77%	66.77%	66.77%	66.77%	66.76%	66.76%	66.76%	66.76%	66.77%	66.76%	66.76%	66.77%
No. of Shareholders	1,010	1,010	1,023	1,026	1,035	1,034	1,031	1,021	1,016	1,009	992	991

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	33.95%	33.95%	33.95%	33.95%	33.95%	33.83%	33.00%	32.94%	32.94%	32.94%	32.94%
	0.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.29%	0.00%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%
	65.76%	65.76%	65.76%	65.76%	65.76%	65.87%	66.71%	66.77%	66.76%	66.76%	66.77%
No. of Shareholders	2,741	2,740	2,731	939	935	983	1,016	1,010	1,034	1,009	991

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Ashoka Refineries Ltd

Ashoka Refineries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports