Ashika Credit Capital Ltd

Ashika Credit Capital Ltd

₹ 76.2 1.99%
21 Feb 2:30 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

  • Market Cap 90.6 Cr.
  • Current Price 76.2
  • High / Low 76.2 / 31.0
  • Stock P/E 5.39
  • Book Value 54.5
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -0.56% over past five years.
  • Company has a low return on equity of 7.29% 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1.60 1.65 1.82 1.70 1.94 1.31 6.74 6.47 -2.53 -0.08 4.88 6.36 13.68
1.17 3.31 2.19 -1.19 -1.51 2.21 1.71 0.30 0.71 1.26 0.87 1.31 1.03
Operating Profit 0.43 -1.66 -0.37 2.89 3.45 -0.90 5.03 6.17 -3.24 -1.34 4.01 5.05 12.65
OPM % 26.88% -100.61% -20.33% 170.00% 177.84% -68.70% 74.63% 95.36% 82.17% 79.40% 92.47%
0.10 0.12 0.00 0.30 0.00 0.17 0.00 0.00 0.01 1.45 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.08 0.04 0.01 0.00 0.08 0.07 0.07 0.17
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01
Profit before tax 0.53 -1.54 -0.37 3.19 3.45 -0.81 4.99 6.16 -3.23 0.02 3.93 4.97 12.47
Tax % 26.42% 24.03% 62.16% 27.90% 30.72% -24.69% 14.43% 25.65% 17.96% 1,650.00% 17.30% 17.10% 21.89%
0.39 -1.17 -0.15 2.30 2.38 -1.02 4.27 4.57 -2.65 -0.30 3.25 4.12 9.74
EPS in Rs 0.33 -0.98 -0.13 1.94 2.00 -0.86 3.59 3.85 -2.23 -0.25 2.74 3.47 8.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7 7 6 3 2 2 11 18 7 7 7 11 25
6 9 6 2 10 -1 3 -1 10 4 2 4 4
Operating Profit 1 -2 0 1 -8 3 8 19 -3 2 5 7 20
OPM % 16% -34% 7% 41% -377% 163% 76% 105% -44% 33% 75% 62% 82%
0 0 0 0 0 0 0 0 0 0 0 1 1
Interest 0 2 2 0 0 0 5 7 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 -4 -2 1 -8 3 4 12 -4 2 5 8 21
Tax % 32% 30% -7% 14% 26% 37% 26% 27% 28% 34% 36% 26%
1 -3 -2 1 -6 2 3 8 -3 2 4 6 17
EPS in Rs 1.12 -3.67 -2.59 1.33 -8.55 2.69 2.57 7.45 -2.14 1.37 2.95 4.96 14.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -1%
3 Years: 14%
TTM: 107%
Compounded Profit Growth
10 Years: 15%
5 Years: 16%
3 Years: 63%
TTM: 225%
Stock Price CAGR
10 Years: -3%
5 Years: %
3 Years: 28%
1 Year: 124%
Return on Equity
10 Years: 4%
5 Years: 7%
3 Years: 7%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 7 11 11 12 12 12 12 12
Reserves 24 21 20 21 15 16 29 37 34 36 40 45 53
0 31 8 0 0 6 92 17 0 0 10 0 0
0 1 2 2 9 9 3 2 1 1 1 2 2
Total Liabilities 31 61 36 30 30 38 134 67 47 49 62 59 67
0 0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 14 16 0 3 9 0 0 0 0 0 43 37 50
17 45 36 26 21 37 134 67 47 48 19 22 16
Total Assets 31 61 36 30 30 38 134 67 47 49 62 59 67

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8 -21 10 7 2 -16 -86 67 8 2 -12 10
5 -11 14 7 -8 11 0 0 0 0 0 -0
0 31 -24 -8 0 6 101 -73 -17 0 10 -10
Net Cash Flow -4 -0 -0 6 -6 0 15 -7 -8 2 -2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 24 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 0
Days Payable
Cash Conversion Cycle 24 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days 577 1,608 1,332 2,183 2,797 6,520 3,815 -11 9 50 8 -16
ROCE % 4% -5% 1% 4% -33% 12% 10% 19% -6% 5% 10% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.11% 44.11% 44.11% 48.91% 49.07% 49.07% 53.56% 53.56% 54.02% 54.02% 58.44% 58.95%
0.84% 5.47% 8.37% 8.37% 8.37% 8.37% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72%
55.05% 50.42% 47.52% 42.72% 42.56% 42.56% 43.73% 43.73% 43.26% 43.26% 38.86% 38.34%
No. of Shareholders 9689791,0201,1881,2441,2481,4551,4751,4681,4351,5511,799

* 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.

Click on the line-items to see the names of individual entities.

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