Aspire & Innovative Advertising Ltd
Incorporated in 2017, Aspire & Innovative Advertising Ltd manufacturing and sale of electronic equipment, home appliances etc.[1]
- Market Cap ₹ 35.4 Cr.
- Current Price ₹ 23.3
- High / Low ₹ 88.4 / 22.1
- Stock P/E 9.09
- Book Value ₹ 32.5
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 9.03 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.72 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.4%
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.3.04 Cr.
- Debtor days have increased from 48.2 to 67.2 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 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 | |
|---|---|---|---|---|---|---|
| 137 | 108 | 255 | 346 | 384 | 167 | |
| 135 | 105 | 249 | 338 | 371 | 164 | |
| Operating Profit | 3 | 3 | 7 | 7 | 13 | 3 |
| OPM % | 2% | 3% | 3% | 2% | 3% | 2% |
| 0 | 0 | 0 | 0 | 1 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 3 | 3 | 6 | 7 | 13 | 5 |
| Tax % | 28% | 29% | 29% | 26% | 27% | 23% |
| 2 | 2 | 4 | 5 | 9 | 4 | |
| EPS in Rs | 2,000.00 | 2,280.00 | 39.33 | 47.79 | 8.38 | 2.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -13% |
| TTM: | -57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | -3% |
| TTM: | -58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -73% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 1 | 1 | 11 | 15 |
| Reserves | 3 | 5 | 9 | 14 | 26 | 34 |
| 0 | 1 | 1 | 9 | 13 | 9 | |
| 18 | 29 | 42 | 38 | 67 | 37 | |
| Total Liabilities | 21 | 35 | 53 | 63 | 117 | 96 |
| 0 | 1 | 1 | 0 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 0 | 2 | 0 | 0 | 0 |
| 16 | 34 | 50 | 62 | 115 | 94 | |
| Total Assets | 21 | 35 | 53 | 63 | 117 | 96 |
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% | 36% | 10% |
Documents
Announcements
-
Outcome of Board Meeting
3 September 2025 - Board appointed Mr. Vikas Saini as additional independent director effective 3 September 2025; five-year term subject to AGM approval.
-
Outcome of Board Meeting
20 August 2025 - Ankit Rathi and Gaurav Maheshwari resigned; Muskan appointed Additional Director effective 20 August 2025.
-
Resignation
20 August 2025 - Ankit Rathi (DIN 08456577) and Gaurav Maheshwari (DIN 10252288) resigned effective 20 August 2025.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
16 July 2025 - Company exempted from certain SEBI corporate governance norms post NSE Emerge listing.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
16 July 2025 - Certificate confirming all shares in demat form; no rematerialisation requests for Q1 FY2025-26.
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