Ashima Ltd

₹ 29.8 -3.31%

10 Jun 1:53 p.m.

About

Incorporated in 1982, Ashima Ltd is in the business of Textiles, Real Estate and Treasury business^[1]

Key Points

Busienss Overview:^[1]^[2]^[3]
AL manufactures Denim fabrics and readymade garments and processes textile fabrics including Interlining fabrics and garment washing activities (laundry). It owns the entire value chain from yarn to fabric to garments. AL has a design studio, which caters to requirements of their high end customers. Company is also present in segments like Real Estate and Treasury (Investment)

Website BSE NSE - BE

Market Cap ₹ 571 Cr.
Current Price ₹ 29.8
High / Low ₹ 51.9 / 17.0
Stock P/E
Book Value ₹ 15.6
Dividend Yield 0.00 %
ROCE 1.55 %
ROE -0.04 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -48.4% over past five years.
Company has a low return on equity of 11.0% over last 3 years.
Company might be capitalizing the interest cost
Debtor days have increased from 71.6 to 135 days.
Working capital days have increased from 2,335 days to 6,712 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	58.66	62.01	48.66	58.16	38.16	53.35	3.36	6.26	78.66	7.84	5.28	2.17	0.74
	61.29	63.60	48.03	56.93	43.32	53.70	0.15	2.04	15.36	1.96	1.84	5.95	1.83
Operating Profit	-2.63	-1.59	0.63	1.23	-5.16	-0.35	3.21	4.22	63.30	5.88	3.44	-3.78	-1.09
OPM %	-4.48%	-2.56%	1.29%	2.11%	-13.52%	-0.66%	95.54%	67.41%	80.47%	75.00%	65.15%	-174.19%	-147.30%
	33.28	4.66	1.09	-1.91	0.77	0.29	-3.74	0.71	34.41	-2.65	-13.48	-5.83	6.09
Interest	0.56	0.62	0.54	0.61	0.48	0.44	0.54	1.29	1.64	1.69	1.71	1.71	1.68
Depreciation	0.72	1.03	1.03	1.04	1.03	1.07	0.20	0.20	0.19	0.19	0.20	0.20	0.07
Profit before tax	29.37	1.42	0.15	-2.33	-5.90	-1.57	-1.27	3.44	95.88	1.35	-11.95	-11.52	3.25
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%
	29.37	1.42	0.15	-2.33	-5.90	-1.57	-1.27	3.44	95.82	1.35	-11.95	-11.52	3.25
EPS in Rs	1.53	0.07	0.01	-0.12	-0.31	-0.08	-0.07	0.18	5.00	0.07	-0.62	-0.60	0.17
Raw PDF

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
	268	271	213	193	230	336	285	104	208	207	329	10
	268	268	220	204	241	339	289	121	215	212	260	6
Operating Profit	0	4	-7	-12	-11	-4	-4	-17	-6	-5	69	4
OPM %	0%	1%	-3%	-6%	-5%	-1%	-1%	-16%	-3%	-2%	21%	43%
	1	-10	-0	52	148	50	8	10	30	5	2	-16
Interest	2	5	12	9	7	8	2	2	2	2	5	7
Depreciation	12	5	4	3	4	6	5	3	3	4	4	1
Profit before tax	-13	-16	-24	28	126	33	-3	-12	18	-7	61	-19
Tax %	0%	0%	0%	1%	0%	0%	0%	1%	0%	0%	-57%	0%
	-13	-16	-24	27	126	33	-3	-12	18	-7	96	-19
EPS in Rs	-1.13	-1.43	-2.08	2.12	9.85	2.55	-0.26	-0.61	0.93	-0.35	5.03	-0.99
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-28%
5 Years:	-48%
3 Years:	-63%
TTM:	-97%

Compounded Profit Growth
10 Years:	7%
5 Years:	15%
3 Years:	26%
TTM:	-100%

Stock Price CAGR
10 Years:	17%
5 Years:	40%
3 Years:	35%
1 Year:	-19%

Return on Equity
10 Years:	%
5 Years:	5%
3 Years:	11%
Last Year:	0%

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	33	33	33	128	128	93	53	192	192	192	192	192
Reserves	-311	-323	-35	-75	32	134	31	19	36	29	125	107
	489	560	176	78	29	28	25	23	18	33	124	122
	44	49	48	66	66	66	189	37	73	67	103	82
Total Liabilities	255	320	223	198	256	321	298	270	319	320	544	502
	162	145	138	121	105	137	139	134	117	134	131	47
CWIP	0	0	0	0	0	0	1	1	8	4	7	0
Investments	0	0	0	0	0	15	16	3	13	15	31	37
	94	175	86	77	151	169	142	132	181	167	375	419
Total Assets	255	320	223	198	256	321	298	270	319	320	544	502

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
	1	6	7	-12	-8	-26	4	-8	-26	-24	-38	-19
	2	1	-6	67	70	55	13	-7	37	16	-4	23
	0	-6	-4	-62	-58	-24	-20	13	-6	13	86	-10
Net Cash Flow	3	1	-3	-8	4	6	-2	-2	6	5	44	-6

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	32	43	14	16	24	27	21	50	39	26	54	135
Inventory Days	149	126	176	169	174	157	142	246	236	275	1,490
Days Payable	80	90	119	121	152	116	104	172	146	119	390
Cash Conversion Cycle	101	79	70	64	47	68	58	124	128	182	1,153	135
Working Capital Days	64	165	47	-13	110	78	80	114	127	116	178	6,712
ROCE %	-5%	-0%	-5%	-9%	-7%	4%	-2%	-6%	-3%	-3%	19%	2%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%
	0.32%	0.32%	0.32%	0.00%	0.00%	0.03%	0.03%	0.03%	0.10%	0.00%	0.00%	0.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.13%	0.13%	0.00%
	26.19%	26.20%	26.21%	26.52%	26.51%	26.48%	26.49%	26.48%	26.34%	26.39%	26.38%	26.49%
No. of Shareholders	25,110	25,336	24,976	24,429	24,139	24,828	26,562	33,324	40,435	46,513	45,743	45,326

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	57.20%	60.92%	60.92%	60.92%	73.49%	73.49%	73.49%	73.49%	73.49%
	0.00%	0.00%	0.00%	0.00%	0.32%	0.32%	0.00%	0.03%	0.03%
	0.12%	0.18%	0.11%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
	42.68%	38.90%	38.97%	39.06%	26.19%	26.19%	26.52%	26.48%	26.49%
No. of Shareholders	22,145	24,515	23,454	22,205	21,839	24,853	24,429	33,324	45,326

* 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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