Ashima Ltd

₹ 13.5 -0.37%
16 Aug 1:23 p.m.
About

Ashima Limited is engaged in the manufacture of 100% cotton Yarn Dyed Shirting fabrics, Denim fabrics and readymade garments as well as processing of textile fabrics. [1]

Key Points

Product Portfolio
Denim Division: basic denims, ring/slub denims, pigment/discharged print, polyester denim
Spinfab Division: 100% cotton yarn dyed shirting fabrics like stripes, twills, oxford, indigo checks, satin among others
Dyecot Division: basic twills, canvas, satin,etc., various types of dobby structures with value-added properties-chemical/mechanical/functional finishes.
Garment Division: shirts and trousers-casual and formal, over-dyed garments etc. [1][2][3]

  • Market Cap 259 Cr.
  • Current Price 13.5
  • High / Low 23.4 / 10.4
  • Stock P/E
  • Book Value 11.9
  • Dividend Yield 0.00 %
  • ROCE -6.55 %
  • ROE -7.96 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.14 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.46% over past five years.
  • Company has a low return on equity of -5.28% for last 3 years.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
79.56 65.18 83.34 57.32 8.22 35.87 48.66 38.13 26.61 54.86 68.15 58.66 62.89
80.09 67.48 80.69 60.88 14.75 40.16 53.48 37.88 34.86 55.19 68.54 65.04 63.59
Operating Profit -0.53 -2.30 2.65 -3.56 -6.53 -4.29 -4.82 0.25 -8.25 -0.33 -0.39 -6.38 -0.70
OPM % -0.67% -3.53% 3.18% -6.21% -79.44% -11.96% -9.91% 0.66% -31.00% -0.60% -0.57% -10.88% -1.11%
0.92 1.25 0.64 4.79 1.86 2.27 4.56 2.10 0.75 1.83 -0.22 37.03 3.77
Interest -0.78 0.81 0.78 1.14 0.40 0.78 0.96 0.53 0.53 0.70 0.56 0.56 0.62
Depreciation 1.51 1.41 1.26 1.27 1.14 1.20 1.18 0.80 1.12 1.15 0.78 0.72 1.03
Profit before tax -0.34 -3.27 1.25 -1.18 -6.21 -4.00 -2.40 1.02 -9.15 -0.35 -1.95 29.37 1.42
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 16.67% -0.00% -0.00% -0.00% -0.00% -0.00%
Net Profit -0.34 -3.27 1.25 -1.18 -6.21 -4.00 -2.40 0.85 -9.15 -0.35 -1.95 29.37 1.42
EPS in Rs -0.03 -0.25 0.10 -0.09 -0.48 -0.21 -0.13 0.04 -0.48 -0.02 -0.10 1.53 0.07

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
259 245 268 268 271 213 193 230 336 285 104 207 245
250 243 268 268 268 220 204 241 339 289 121 222 252
Operating Profit 9 2 0 0 4 -7 -12 -11 -4 -4 -17 -15 -8
OPM % 4% 1% 0% 0% 1% -3% -6% -5% -1% -1% -16% -7% -3%
1 1 1 1 -10 -0 52 148 50 8 10 38 42
Interest 1 1 2 2 5 12 9 7 8 2 2 2 2
Depreciation 14 13 13 12 5 4 3 4 6 5 3 3 4
Profit before tax -5 -12 -14 -13 -16 -24 28 126 33 -3 -12 18 28
Tax % -0% -0% -0% -0% -0% -0% 1% -0% -0% -0% -1% -0%
Net Profit -5 -12 -14 -13 -16 -24 27 126 33 -3 -12 18 28
EPS in Rs -0.46 -1.05 -1.23 -1.13 -1.43 -2.08 2.12 9.85 2.55 -0.26 -0.61 0.93 1.48
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -2%
5 Years: 1%
3 Years: -15%
TTM: 64%
Compounded Profit Growth
10 Years: -7%
5 Years: 5%
3 Years: %
TTM: 29%
Stock Price CAGR
10 Years: 18%
5 Years: -10%
3 Years: 25%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: -5%
3 Years: -5%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
54 54 54 54 54 54 128 134 99 198 198 199
Reserves -272 -284 -298 -311 -323 -115 -75 32 134 31 19 36
471 471 468 468 540 156 78 24 23 19 16 11
50 46 63 65 70 149 66 72 71 195 44 80
Total Liabilities 282 266 266 255 320 223 198 256 321 298 270 319
199 186 174 162 145 138 121 105 137 139 134 117
CWIP -0 -0 -0 -0 -0 -0 0 -0 0 1 1 8
Investments -0 -0 -0 -0 -0 -0 -0 -0 15 16 3 13
83 80 93 94 175 86 77 151 169 142 132 181
Total Assets 282 266 266 255 320 223 198 256 321 298 270 319

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2 -0 1 1 6 7 -12 -8 -26 4 -8 -26
1 1 -1 2 1 -6 67 70 55 13 -7 37
-0 -0 -2 -0 -6 -4 -62 -58 -24 -20 13 -6
Net Cash Flow -2 0 -2 3 1 -3 -8 4 6 -2 -2 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 25 35 30 32 43 14 16 24 27 21 50 39
Inventory Days 133 115 147 149 126 176 169 174 157 142 246 246
Days Payable 41 33 72 80 90 119 103 138 116 94 139 136
Cash Conversion Cycle 117 117 104 101 79 70 82 61 68 69 156 149
Working Capital Days 69 74 64 64 165 47 -13 110 78 80 114 127
ROCE % -2% -4% -5% -5% -0% -6% -13% -7% 4% -2% -4% -7%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
60.92 60.92 60.92 60.92 60.92 73.49 73.49 73.49 73.49 73.49 73.49 73.49
0.00 0.00 0.00 0.00 0.00 0.32 0.32 0.32 0.32 0.32 0.32 0.32
0.11 0.02 0.02 0.02 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00
38.97 39.06 39.06 39.06 39.06 26.18 26.19 26.19 26.19 26.19 26.19 26.19

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