Ashika Credit Capital Ltd
Incorporated in 1994, Ashika Credit Capital Ltd provides loans and advances, inter-corporate deposits, loans against securities, and investments in shares and securities[1]
- Market Cap ₹ 1,563 Cr.
- Current Price ₹ 430
- High / Low ₹ 915 / 54.2
- Stock P/E
- Book Value ₹ 133
- Dividend Yield 0.00 %
- ROCE -22.1 %
- ROE -20.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 3.23 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.79%
- The company has delivered a poor sales growth of -9.90% over past five years.
- Company has a low return on equity of -9.38% over last 3 years.
- Company's cost of borrowing seems high
- Working capital days have increased from 24.6 days to 111 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
Sector: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 3 | 2 | 2 | 11 | 18 | 7 | 7 | 7 | 11 | 18 | 4 | |
6 | 2 | 10 | -1 | 3 | -1 | 10 | 4 | 2 | 4 | 5 | 63 | |
Operating Profit | 0 | 1 | -8 | 3 | 8 | 19 | -3 | 2 | 5 | 7 | 13 | -59 |
OPM % | 7% | 41% | -377% | 163% | 76% | 105% | -44% | 33% | 75% | 62% | 73% | -1,393% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | |
Interest | 2 | 0 | 0 | 0 | 5 | 7 | 0 | 0 | 0 | 0 | 1 | 8 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | -2 | 1 | -8 | 3 | 4 | 12 | -4 | 2 | 5 | 8 | 13 | -67 |
Tax % | 7% | 14% | -26% | 37% | 26% | 27% | -28% | 34% | 36% | 26% | 16% | -23% |
-2 | 1 | -6 | 2 | 3 | 8 | -3 | 2 | 4 | 6 | 11 | -51 | |
EPS in Rs | -2.59 | 1.33 | -8.55 | 2.69 | 2.57 | 7.45 | -2.14 | 1.37 | 2.95 | 4.96 | 9.01 | -15.53 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 13% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | -10% |
3 Years: | -15% |
TTM: | -77% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -581% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 89% |
3 Years: | 125% |
1 Year: | 673% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -6% |
3 Years: | -9% |
Last Year: | -20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 33 |
Reserves | 20 | 21 | 15 | 16 | 30 | 37 | 34 | 36 | 40 | 45 | 56 | 407 |
8 | 0 | 0 | 6 | 92 | 17 | 0 | 0 | 10 | 0 | 25 | 1 | |
2 | 2 | 9 | 9 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | |
Total Liabilities | 36 | 30 | 30 | 38 | 134 | 67 | 47 | 49 | 62 | 59 | 95 | 443 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 3 | 9 | 0 | 0 | 0 | 0 | 0 | 43 | 37 | 94 | 341 |
36 | 26 | 21 | 37 | 134 | 67 | 47 | 48 | 19 | 22 | 1 | 102 | |
Total Assets | 36 | 30 | 30 | 38 | 134 | 67 | 47 | 49 | 62 | 59 | 95 | 443 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 7 | 2 | -16 | -86 | 67 | 8 | 2 | -12 | 10 | -25 | -390 | |
14 | 7 | -8 | 11 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -1 | |
-24 | -8 | 0 | 6 | 101 | -73 | -17 | 0 | 10 | -10 | 25 | 399 | |
Net Cash Flow | -0 | 6 | -6 | 0 | 15 | -7 | -8 | 2 | -2 | -0 | 0 | 8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 1,332 | 2,183 | 2,797 | 6,520 | 3,815 | -11 | 9 | 50 | 8 | -16 | -22 | 111 |
ROCE % | 1% | 4% | -33% | 12% | 10% | 19% | -5% | 5% | 10% | 14% | 18% | -22% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
16 May - Annual Secretarial Compliance Report for FY ended March 31, 2025, confirming regulatory adherence.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 May - FY25 loss ₹51.42cr; mergers approved; ₹500cr+ capital raised; new PE subsidiary launched; growth via acquisitions.
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Statement On Deviation Or Variation In Utilisation Of Funds Raised For The Quarter Ended 31St March, 2025
10 May - No deviation in utilization of Rs 212.48 Cr raised via preferential allotment till Mar 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
10 May - Monitoring Agency Report confirms proper utilization of Rs.183.73cr and Rs.330.48cr preferential issue proceeds.
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Appointment Of Secretarial Auditor Of Ashika Credit Capital Limited
10 May - Audited FY25 results with net loss; no dividend; secretarial auditor appointed; independent director re-appointed; acquisition exploration approved.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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