Ashika Credit Capital Ltd

₹ 356 -1.30%

02 May 1:12 p.m.

About

Incorporated in 1994, Ashika Credit Capital Ltd provides loans and advances, inter-corporate deposits, loans against securities, and investments in shares and securities^[1]

Key Points

Business Overview:^[1]
Company is a flagship company of the Ashika Group. It is an RBI-registered non- deposit-taking non-banking financial company. Company is engaged in fund-based activities viz. providing loans and investments

Website BSE

Market Cap ₹ 1,295 Cr.
Current Price ₹ 356
High / Low ₹ 915 / 48.0
Stock P/E
Book Value ₹ 87.8
Dividend Yield 0.00 %
ROCE 17.9 %
ROE 17.1 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 4.19 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -6.79%
Company has a low return on equity of 12.0% over last 3 years.

* 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

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	2	1	7	6	-3	-0	5	6	14	-7	19	17	1
	-2	2	2	0	1	1	1	1	1	2	2	3	24
Operating Profit	3	-1	5	6	-3	-1	4	5	13	-8	17	14	-23
OPM %	178%	-69%	75%	95%			82%	79%	92%		92%	84%	-1,741%
	0	0	0	0	0	1	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	2	3
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	3	-1	5	6	-3	0	4	5	12	-9	17	13	-26
Tax %	31%	25%	14%	26%	-18%	1,650%	17%	17%	22%	-26%	19%	28%	-22%
	2	-1	4	5	-3	-0	3	4	10	-6	13	9	-20
EPS in Rs	2.00	-0.86	3.59	3.85	-2.23	-0.25	2.74	3.47	8.20	-5.40	11.34	4.33	-8.06
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	6.70	6.37	3.12	2.14	1.83	10.90	18.07	7.14	6.54	6.93	10.60	18.42	30.36
	8.95	5.91	1.84	10.20	-1.16	2.63	-0.93	10.29	4.36	1.70	3.98	5.04	30.12
Operating Profit	-2.25	0.46	1.28	-8.06	2.99	8.27	19.00	-3.15	2.18	5.23	6.62	13.38	0.24
OPM %	-33.58%	7.22%	41.03%	-376.64%	163.39%	75.87%	105.15%	-44.12%	33.33%	75.47%	62.45%	72.64%	0.79%
	0.19	0.01	0.01	0.02	0.00	0.14	0.00	0.10	0.30	0.30	1.45	0.13	0.16
Interest	1.57	2.15	0.20	0.06	0.00	4.64	7.43	0.46	0.00	0.08	0.12	0.73	5.34
Depreciation	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.01	0.02	0.04
Profit before tax	-3.65	-1.69	1.09	-8.10	2.99	3.77	11.57	-3.52	2.48	5.44	7.94	12.76	-4.98
Tax %	-29.86%	6.51%	13.76%	-26.17%	36.79%	26.26%	26.97%	-27.56%	33.87%	35.66%	25.94%	16.14%
	-2.57	-1.81	0.93	-5.98	1.88	2.78	8.45	-2.54	1.63	3.51	5.89	10.70	-3.96
EPS in Rs	-3.67	-2.59	1.33	-8.55	2.69	2.57	7.45	-2.14	1.37	2.95	4.96	9.01	2.21
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.42%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	11%
5 Years:	0%
3 Years:	41%
TTM:	22%

Compounded Profit Growth
10 Years:	23%
5 Years:	5%
3 Years:	87%
TTM:	-124%

Stock Price CAGR
10 Years:	23%
5 Years:	82%
3 Years:	111%
1 Year:	402%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	12%
Last Year:	17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	7.00	7.00	7.00	7.00	7.00	10.80	11.34	11.88	11.88	11.88	11.88	11.88	21.42
Reserves	21.46	19.65	20.57	14.59	16.47	30.11	37.39	34.40	36.05	39.58	45.48	56.20	199.76
	31.17	7.51	0.00	0.00	5.50	91.74	16.83	0.00	0.00	9.77	0.03	25.12	46.85
	0.91	2.16	2.18	8.73	8.57	1.66	1.88	0.95	0.70	1.10	1.66	1.71	23.67
Total Liabilities	60.54	36.32	29.75	30.32	37.54	134.31	67.44	47.23	48.63	62.33	59.05	94.91	291.70
	0.28	0.21	0.20	0.19	0.19	0.19	0.19	0.18	0.17	0.17	0.31	0.29	0.28
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	0.00
Investments	15.69	0.05	3.22	9.05	0.19	0.19	0.00	0.00	0.00	43.48	37.11	93.77	277.77
	44.57	36.06	26.33	21.08	37.16	133.93	67.25	47.05	48.46	18.68	21.63	0.85	13.65
Total Assets	60.54	36.32	29.75	30.32	37.54	134.31	67.44	47.23	48.63	62.33	59.05	94.91	291.70

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-20.66	9.86	6.54	2.25	-16.37	-85.82	66.87	8.30	1.60	-11.86	9.88	-24.84
	-10.81	13.64	7.10	-8.10	10.89	0.01	0.00	0.19	0.00	0.00	-0.15	0.00
	31.17	-23.65	-7.51	0.00	5.50	100.91	-73.45	-16.74	0.00	9.75	-9.75	25.00
Net Cash Flow	-0.30	-0.15	6.12	-5.84	0.02	15.09	-6.58	-8.25	1.60	-2.11	-0.02	0.16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days
Days Payable
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	1,608.18	1,331.65	2,182.98	2,797.20	6,520.14	3,815.09	-11.11	8.69	50.23	8.43	-15.50	-21.80
ROCE %	-4.94%	1.07%	4.18%	-32.71%	11.83%	10.41%	19.17%	-5.47%	5.26%	10.11%	13.59%	17.92%

Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Apr 2025
	53.56%	53.56%	54.02%	54.02%	58.44%	58.95%	58.95%	60.53%	63.40%	60.27%	58.69%	53.48%
	2.72%	2.72%	2.72%	2.72%	2.72%	2.72%	2.72%	2.72%	1.51%	1.29%	0.93%	0.85%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%	0.39%	0.36%
	43.73%	43.73%	43.26%	43.26%	38.86%	38.34%	38.33%	36.75%	35.09%	37.92%	39.98%	45.32%
No. of Shareholders	1,455	1,475	1,468	1,435	1,551	1,799	1,697	1,990	2,240	3,124	3,198	3,207

	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Apr 2025
	26.53%	31.23%	34.50%	39.14%	44.11%	49.07%	54.02%	58.95%	58.69%	53.48%
	0.00%	0.93%	0.88%	0.84%	0.84%	8.37%	2.72%	2.72%	0.93%	0.85%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.39%	0.36%
	73.47%	67.85%	64.61%	60.01%	55.05%	42.56%	43.26%	38.33%	39.98%	45.32%
No. of Shareholders	865	872	879	904	968	1,244	1,468	1,697	3,198	3,207

* 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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Ashika Credit Capital Ltd

Ashika Credit Capital Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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