Aspire & Innovative Advertising Ltd
Incorporated in 2017, Aspire & Innovative Advertising Ltd manufacturing and sale of electronic equipment, home appliances etc.[1]
- Market Cap ₹ 21.4 Cr.
- Current Price ₹ 14.1
- High / Low ₹ 40.0 / 14.1
- Stock P/E 8.14
- Book Value ₹ 33.3
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 9.03 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.42 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.96% over past five years.
- Earnings include an other income of Rs.3.03 Cr.
- Debtor days have increased from 48.2 to 67.2 days.
- 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Household Appliances
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 137 | 108 | 255 | 346 | 384 | 167 | 127 | |
| 135 | 105 | 249 | 338 | 371 | 164 | 125 | |
| Operating Profit | 3 | 3 | 7 | 7 | 13 | 3 | 2 |
| OPM % | 2% | 3% | 3% | 2% | 3% | 2% | 1% |
| 0 | 0 | 0 | 0 | 1 | 3 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 3 | 3 | 6 | 7 | 13 | 5 | 3 |
| Tax % | 28% | 29% | 29% | 26% | 27% | 23% | |
| 2 | 2 | 4 | 5 | 9 | 4 | 3 | |
| EPS in Rs | 2,000.00 | 2,280.00 | 39.33 | 47.79 | 8.38 | 2.56 | 1.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -13% |
| TTM: | -59% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | -3% |
| TTM: | -65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 22% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 1 | 1 | 11 | 15 | 15 |
| Reserves | 3 | 5 | 9 | 14 | 26 | 34 | 35 |
| 0 | 1 | 1 | 9 | 13 | 9 | 1 | |
| 18 | 29 | 42 | 38 | 67 | 37 | 30 | |
| Total Liabilities | 21 | 35 | 53 | 63 | 117 | 96 | 82 |
| 0 | 1 | 1 | 0 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 0 | 2 | 0 | 0 | 0 | 0 |
| 16 | 34 | 50 | 62 | 115 | 94 | 80 | |
| Total Assets | 21 | 35 | 53 | 63 | 117 | 96 | 82 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 4 | -3 | 7 | -13 | -7 | 1 | |
| -4 | 5 | -2 | 2 | -1 | -0 | |
| -1 | 0 | 1 | 7 | 15 | 3 | |
| Net Cash Flow | -2 | 2 | 5 | -4 | 8 | 4 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 23 | 50 | 11 | 20 | 57 | 67 |
| Inventory Days | 17 | 64 | 62 | 44 | 43 | 86 |
| Days Payable | 52 | 111 | 78 | 52 | 71 | 71 |
| Cash Conversion Cycle | -12 | 4 | -6 | 12 | 29 | 82 |
| Working Capital Days | -11 | 4 | -3 | 12 | 20 | 44 |
| ROCE % | 72% | 74% | 42% | 37% | 11% |
Documents
Announcements
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Structural Digital Database
16 February 2026 - SDD compliance certificate (29 Jan–16 Feb 2026): no UPSI events captured, no non-compliance.
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Structural Digital Database
29 January 2026 - SDD compliance certificate for Apr 1, 2025–Jan 28, 2026; captured 5 events, 32 entries; no non-compliance.
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Structural Digital Database
21 January 2026 - SDD compliance certificate for FY 2024-25: four events (26 entries) captured; no non-compliance.
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Clarification - Financial Results
19 January 2026 - Exchange has sought clarification from Aspire & Innovative Advertising Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, …
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General Updates
7 January 2026 - Non-applicability of SEBI LODR corporate governance provisions for quarter ended Dec 31, 2025 due to Emerge listing.
Business Overview:[1]
a) AIAL is in the business of trading of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its related accessories, solar products etc. of multiple brands viz. Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, HP, Lenovo, Acer etc.
b) Company offers delivery of products in the rural and semi urban areas.
c) It provides one platform to bring multiple brands under one umbrella