Ashima Ltd

Ashima Ltd

₹ 23.9 -6.82%
24 May - close price
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]
Real Estate: This segment started operations in Ahmedabad in FY23. Company currently has two projects: “Swan Lake”, which is a weekend homes project and a yet to be launched project of high-end, high-rise luxurious residential units. The Swan project is likely to generate revenues from FY24.[4]
Investment Division: It makes investment in equity shares with a long-term perspective.[4]

  • Market Cap 458 Cr.
  • Current Price 23.9
  • High / Low 26.5 / 12.0
  • Stock P/E
  • Book Value 11.3
  • Dividend Yield 0.00 %
  • ROCE -2.74 %
  • ROE -3.59 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 38.1 to 25.6 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.08% over past five years.
  • Company has a low return on equity of -6.38% over last 3 years.
  • Earnings include an other income of Rs.1.87 Cr.

* 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: Textiles Industry: Textiles - Cotton/Blended

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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
48.66 38.13 26.61 54.71 67.73 58.66 62.01 48.66 58.16 38.16 53.35 50.77 79.08
53.48 37.88 34.86 53.92 67.63 61.29 63.60 48.03 56.93 43.32 53.70 50.62 73.09
Operating Profit -4.82 0.25 -8.25 0.79 0.10 -2.63 -1.59 0.63 1.23 -5.16 -0.35 0.15 5.99
OPM % -9.91% 0.66% -31.00% 1.44% 0.15% -4.48% -2.56% 1.29% 2.11% -13.52% -0.66% 0.30% 7.57%
4.56 2.10 0.75 0.34 -0.71 33.28 4.66 1.09 -1.91 0.77 0.29 0.45 0.36
Interest 0.96 0.53 0.53 0.69 0.56 0.56 0.62 0.54 0.61 0.48 0.44 0.78 1.71
Depreciation 1.18 0.80 1.12 0.79 0.78 0.72 1.03 1.03 1.04 1.03 1.07 1.09 1.20
Profit before tax -2.40 1.02 -9.15 -0.35 -1.95 29.37 1.42 0.15 -2.33 -5.90 -1.57 -1.27 3.44
Tax % 0.00% 16.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-2.40 0.85 -9.15 -0.35 -1.95 29.37 1.42 0.15 -2.33 -5.90 -1.57 -1.27 3.44
EPS in Rs -0.13 0.04 -0.48 -0.02 -0.10 1.53 0.07 0.01 -0.12 -0.31 -0.08 -0.07 0.18
Raw PDF
Upcoming result date: today

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
245 268 268 271 213 193 230 336 285 104 208 207 221
243 268 268 268 220 204 241 339 289 121 215 212 221
Operating Profit 2 0 0 4 -7 -12 -11 -4 -4 -17 -6 -5 1
OPM % 1% 0% 0% 1% -3% -6% -5% -1% -1% -16% -3% -2% 0%
1 1 1 -10 -0 52 148 50 8 10 30 5 2
Interest 1 2 2 5 12 9 7 8 2 2 2 2 3
Depreciation 13 13 12 5 4 3 4 6 5 3 3 4 4
Profit before tax -12 -14 -13 -16 -24 28 126 33 -3 -12 18 -7 -5
Tax % 0% 0% 0% 0% 0% 1% 0% 0% 0% -1% 0% 0%
-12 -14 -13 -16 -24 27 126 33 -3 -12 18 -7 -5
EPS in Rs -1.05 -1.23 -1.13 -1.43 -2.08 2.12 9.85 2.55 -0.26 -0.61 0.93 -0.35 -0.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -2%
3 Years: -10%
TTM: -3%
Compounded Profit Growth
10 Years: 4%
5 Years: 9%
3 Years: -10%
TTM: -20%
Stock Price CAGR
10 Years: 20%
5 Years: 16%
3 Years: 9%
1 Year: 76%
Return on Equity
10 Years: %
5 Years: -5%
3 Years: -6%
Last Year: -4%

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 33 33 33 33 33 128 128 93 53 192 192 192 192
Reserves -284 -298 -311 -323 -35 -75 32 134 31 19 36 29 26
Preference Capital 20 20 20 20 20 0 5 6 6 7 7 8
471 468 468 540 156 78 24 23 19 16 11 25 80
46 63 65 70 69 66 72 71 195 44 80 75 109
Total Liabilities 266 266 255 320 223 198 256 321 298 270 319 320 407
186 174 162 145 138 121 105 137 139 134 117 134 133
CWIP 0 0 0 0 0 0 0 0 1 1 8 4 7
Investments 0 0 0 0 0 0 0 15 16 3 13 15 22
80 93 94 175 86 77 151 169 142 132 181 167 245
Total Assets 266 266 255 320 223 198 256 321 298 270 319 320 407

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

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 35 30 32 43 14 16 24 27 21 50 39 26
Inventory Days 115 147 149 126 176 169 174 157 142 246 236 260
Days Payable 33 72 80 90 119 121 152 116 104 172 146 113
Cash Conversion Cycle 117 104 101 79 70 64 47 68 58 124 128 173
Working Capital Days 74 64 64 165 47 -13 110 78 80 114 127 116
ROCE % -4% -5% -5% -0% -5% -9% -7% 4% -2% -6% -3% -3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 0.32% 0.32% 0.32% 0.32% 0.00% 0.00% 0.03% 0.03% 0.03%
26.19% 26.19% 26.19% 26.19% 26.19% 26.20% 26.21% 26.52% 26.51% 26.48% 26.49% 26.48%
No. of Shareholders 21,00620,74222,12824,85325,11025,33624,97624,42924,13924,82826,56233,324

* 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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