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Last Updated: April 2, 2026, 4:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 541865 | NSE: ASRL

Add-Shop E-Retail Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.42Undervalued by 164.41%vs CMP ₹6.21

P/E (16.6) × ROE (3.0%) × BV (₹40.00) × DY (2.00%)

₹34.65Undervalued by 457.97%vs CMP ₹6.21
MoS: +82.1% (Strong)Confidence: 59/100 (Moderate)Models: 7 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹9.7726%Under (+57.3%)
Graham NumberEarnings₹18.2519%Under (+193.9%)
Earnings PowerEarnings₹12.0812%Under (+94.5%)
Net Asset ValueAssets₹39.878%Under (+542%)
EV/EBITDAEnterprise₹15.1710%Under (+144.3%)
Earnings YieldEarnings₹3.708%Over (-40.4%)
ROCE CapitalReturns₹181.9110%Under (+2829.3%)
Revenue MultipleRevenue₹53.986%Under (+769.2%)
Consensus (8 models)₹34.65100%Undervalued
Key Drivers: EPS CAGR -40.5% drags value — could be higher if earnings stabilize. | ROE 3.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -40.5%

*Investments are subject to market risks

Investment Snapshot

42
Add-Shop E-Retail Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 4.3% WeakROE 3.0% WeakD/E 0.37 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 27.2% Stable
Earnings Quality30/100 · Weak
OPM contracting (16% → 4%) DecliningWorking capital: 207 days Capital intensive
Quarterly Momentum35/100 · Weak
Revenue (4Q): -10% YoY Declining
Industry Rank35/100 · Weak
P/E 16.6 vs industry 194.9 Cheaper than peersROCE 4.3% vs industry 9.7% Below peersROE 3.0% vs industry 11.0% Below peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:00 am

Market Cap 17.6 Cr.
Current Price 6.21
Intrinsic Value₹34.65
High / Low 12.0/5.57
Stock P/E16.6
Book Value 40.0
Dividend Yield0.00 %
ROCE4.26 %
ROE3.03 %
Face Value 10.0
PEG Ratio-0.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Add-Shop E-Retail Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Add-Shop E-Retail Ltd 17.6 Cr. 6.21 12.0/5.5716.6 40.00.00 %4.26 %3.03 % 10.0
Ahasolar Technologies Ltd 21.0 Cr. 68.0 136/58.912.1 47.30.00 %6.23 %6.70 % 10.0
Pace E-Commerce Ventures Ltd 31.9 Cr. 14.1 34.2/12.77.79 34.80.00 %6.53 %4.44 % 10.0
Intrasoft Technologies Ltd 97.2 Cr. 59.6 121/54.07.78 1500.00 %6.21 %5.87 % 10.0
Nandani Creation Ltd 52.4 Cr. 27.4 51.0/24.431.9 33.50.00 %11.2 %7.85 % 10.0
Industry Average101,789.00 Cr268.67194.9092.790.00%9.70%10.97%8.00

All Competitor Stocks of Add-Shop E-Retail Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 52.7446.8947.3240.3756.9958.3840.3631.2033.8349.7329.4133.4034.85
Expenses 46.9639.8039.9136.8652.5767.9838.2729.5832.1648.8328.6432.6534.05
Operating Profit 5.787.097.413.514.42-9.602.091.621.670.900.770.750.80
OPM % 10.96%15.12%15.66%8.69%7.76%-16.44%5.18%5.19%4.94%1.81%2.62%2.25%2.30%
Other Income 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest 0.640.050.230.240.280.280.350.300.290.270.330.300.29
Depreciation 0.150.110.130.130.140.100.140.130.140.140.160.160.15
Profit before tax 4.996.937.053.144.00-9.981.601.191.240.490.280.290.36
Tax % 5.81%64.50%25.11%25.16%36.75%-29.96%28.12%26.05%25.81%26.53%28.57%20.69%27.78%
Net Profit 4.712.465.272.352.52-6.991.150.880.920.360.210.230.26
EPS in Rs 1.660.871.860.830.89-2.470.410.310.320.130.070.080.09

Last Updated: March 3, 2026, 1:09 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 3:16 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2512223778156197202153147
Expenses 2412213567131168194147144
Operating Profit 00023112529863
OPM % 2%5%3%8%7%15%16%15%4%4%2%
Other Income 000000-0-00-00
Interest 00011111111
Depreciation 00000001011
Profit before tax 00012102327651
Tax % 100%33%28%27%30%25%19%30%48%27%
Net Profit 0001181919331
EPS in Rs 2.560.230.311.994.966.771.121.170.37
Dividend Payout % 0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%700.00%137.50%0.00%-84.21%0.00%
Change in YoY Net Profit Growth (%)0.00%700.00%-562.50%-137.50%-84.21%84.21%

Add-Shop E-Retail Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:33%
3 Years:0%
TTM:-26%
Compounded Profit Growth
10 Years:%
5 Years:22%
3 Years:-44%
TTM:344%
Stock Price CAGR
10 Years:%
5 Years:-8%
3 Years:-52%
1 Year:-41%
Return on Equity
10 Years:%
5 Years:15%
3 Years:9%
Last Year:3%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: December 10, 2025, 3:44 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.010.010.1466111928282828
Reserves 0005692079828585
Borrowings 00237831133813
Other Liabilities 00521317843353
Total Liabilities 01816334551151126155130
Fixed Assets 00034576656
CWIP 00000000000
Investments 00000000000
Other Assets 01712304044144120150123
Total Assets 01816334551151126155130

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -00-0-2-319-45-19-10
Cash from Investing Activity + -0-0-0-4-0-1-3-19-15
Cash from Financing Activity + 001631-5451124
Net Cash Flow 000-0001-11-1
Free Cash Flow -00-0-6-3-16-45-19-10
CFO/OP -567%136%-33%-110%-81%27%45%-134%-209%-131%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.00-2.00-1.00-4.003.0022.0028.00-5.00-32.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 91315110621514853167155229
Inventory Days 1948810617610651596854100
Days Payable 23472542218282108648
Cash Conversion Cycle 180544259139117102148206320
Working Capital Days 386171411018281159176207
ROCE %58%24%21%15%47%69%38%6%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 36.03%36.03%27.20%27.20%27.20%27.20%27.20%27.20%27.20%27.20%27.20%27.20%
Public 63.98%63.97%72.80%72.81%72.80%72.80%72.80%72.80%72.81%72.81%72.81%72.79%
No. of Shareholders 46,88946,07144,16442,59140,11837,32636,09736,22335,02234,16933,21832,307

Shareholding Pattern Chart

No. of Shareholders

Add-Shop E-Retail Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.171.127.869.916.78
Diluted EPS (Rs.) 1.171.127.869.916.78
Cash EPS (Rs.) 1.371.296.9610.157.03
Book Value[Excl.RevalReserv]/Share (Rs.) 39.8638.8637.7520.4517.92
Book Value[Incl.RevalReserv]/Share (Rs.) 39.8638.8637.7520.4517.92
Revenue From Operations / Share (Rs.) 54.7971.7270.6082.9169.35
PBDIT / Share (Rs.) 2.222.6810.2512.9410.13
PBIT / Share (Rs.) 2.032.5010.0612.709.88
PBT / Share (Rs.) 1.602.149.7112.189.01
Net Profit / Share (Rs.) 1.171.126.779.916.78
PBDIT Margin (%) 4.053.7314.5215.6014.60
PBIT Margin (%) 3.693.4814.2415.3114.24
PBT Margin (%) 2.912.9813.7514.6812.99
Net Profit Margin (%) 2.131.559.5811.959.77
Return on Networth / Equity (%) 2.932.8617.9248.4537.81
Return on Capital Employeed (%) 5.066.3826.3957.0749.10
Return On Assets (%) 2.132.5012.7037.6417.12
Long Term Debt / Equity (X) 0.000.010.010.080.11
Total Debt / Equity (X) 0.330.110.010.080.37
Asset Turnover Ratio (%) 1.101.471.983.342.01
Current Ratio (X) 3.077.553.345.551.82
Quick Ratio (X) 2.315.842.693.081.46
Inventory Turnover Ratio (X) 5.370.000.000.000.00
Interest Coverage Ratio (X) 5.177.4329.0825.0411.67
Interest Coverage Ratio (Post Tax) (X) 3.724.0920.2020.198.80
Enterprise Value (Cr.) 59.2064.60103.69186.0270.93
EV / Net Operating Revenue (X) 0.380.310.511.170.90
EV / EBITDA (X) 9.418.513.577.476.18
MarketCap / Net Operating Revenue (X) 0.140.260.511.150.81
Price / BV (X) 0.190.480.964.673.14
Price / Net Operating Revenue (X) 0.140.260.511.150.81
EarningsYield 0.150.050.180.100.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Add-Shop E-Retail Ltd. is a Public Limited Listed company incorporated on 20/08/2013 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L51109GJ2013PLC076482 and registration number is 076482. Currently company belongs to the Industry of E-Commerce/E-Retail. Company's Total Operating Revenue is Rs. 155.13 Cr. and Equity Capital is Rs. 28.31 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
E-Commerce - Electronics/Food/OthersNo 38, Third Floor, The Emporia Building Near A G Chowk, Rajkot Gujarat 360001Contact not found
Management
NamePosition Held
Mr. Dineshbhai Bhanushankar PandyaManaging Director
Ms. Shraddha Dev PandyaExecutive Director
Mr. Maharshi Jigar PandyaExecutive Director
Ms. Jayshree Dineshbhai PandyaNon Executive Director
Mr. Manish Shrichand BachaniIndependent Director
Mr. Haresh Suryakantbhai PujaraIndependent Director
Mr. Rajatkumar Dineshbhai PatelIndependent Director
Mr. Maulik M ChavdaIndependent Director

FAQ

What is the intrinsic value of Add-Shop E-Retail Ltd and is it undervalued?

As of 18 April 2026, Add-Shop E-Retail Ltd's intrinsic value is ₹34.65, which is 457.97% higher than the current market price of ₹6.21, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.03 %), book value (₹40.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Add-Shop E-Retail Ltd?

Add-Shop E-Retail Ltd is trading at ₹6.21 as of 18 April 2026, with a FY2026-2027 high of ₹12.0 and low of ₹5.57. The stock is currently near its 52-week low. Market cap stands at ₹17.6 Cr..

How does Add-Shop E-Retail Ltd's P/E ratio compare to its industry?

Add-Shop E-Retail Ltd has a P/E ratio of 16.6, which is below the industry average of 194.90. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Add-Shop E-Retail Ltd financially healthy?

Key indicators for Add-Shop E-Retail Ltd: ROCE of 4.26 % is on the lower side compared to the industry average of 9.70%; ROE of 3.03 % is below ideal levels (industry average: 10.97%). Dividend yield is 0.00 %.

Is Add-Shop E-Retail Ltd profitable and how is the profit trend?

Add-Shop E-Retail Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹153 Cr. Compared to ₹19 Cr in Mar 2022, the net profit shows a declining trend.

Does Add-Shop E-Retail Ltd pay dividends?

Add-Shop E-Retail Ltd has a dividend yield of 0.00 % at the current price of ₹6.21. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Add-Shop E-Retail Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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