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Last Updated: April 2, 2026, 4:08 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542579 | NSE: AGOL

Ashapuri Gold Ornament Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.72Overvalued by 26.09%vs CMP ₹3.68

P/E (6.8) × ROE (10.2%) × BV (₹4.80) × DY (2.00%)

₹5.92Undervalued by 60.87%vs CMP ₹3.68
MoS: +37.8% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3.8923%Fair (+5.7%)
Graham NumberEarnings₹7.6417%Under (+107.6%)
Earnings PowerEarnings₹1.9111%Over (-48.1%)
DCFCash Flow₹13.2111%Under (+259%)
Net Asset ValueAssets₹4.797%Under (+30.2%)
EV/EBITDAEnterprise₹6.469%Under (+75.5%)
Earnings YieldEarnings₹5.407%Under (+46.7%)
ROCE CapitalReturns₹1.757%Over (-52.4%)
Revenue MultipleRevenue₹9.486%Under (+157.6%)
Consensus (9 models)₹5.92100%Undervalued
Key Drivers: EPS CAGR 43.1% lifts DCF — verify sustainability. | Wide model spread (₹2–₹13) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 43.1%

*Investments are subject to market risks

Investment Snapshot

69
Ashapuri Gold Ornament Ltd scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 13.8% GoodROE 10.2% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 48.1% Stable
Earnings Quality55/100 · Moderate
OPM expanding (3% → 6%) ImprovingWorking capital: 150 days Capital intensive
Quarterly Momentum68/100 · Strong
Revenue (4Q): +17% YoY GrowingProfit (4Q): +23% YoY Positive
Industry Rank100/100 · Strong
P/E 6.8 vs industry 45.5 Cheaper than peersROCE 13.8% vs industry 6.9% Above peersROE 10.2% vs industry 5.1% Above peers3Y sales CAGR: 25% High growth

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, 4:08 am

Market Cap 123 Cr.
Current Price 3.68
Intrinsic Value₹5.92
High / Low 8.28/3.13
Stock P/E6.81
Book Value 4.80
Dividend Yield0.00 %
ROCE13.8 %
ROE10.2 %
Face Value 1.00
PEG Ratio0.16

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

View Share Price Target for Ashapuri Gold Ornament Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ashapuri Gold Ornament Ltd 123 Cr. 3.68 8.28/3.136.81 4.800.00 %13.8 %10.2 % 1.00
Mini Diamonds (India) Ltd 191 Cr. 16.2 43.6/14.536.9 5.530.00 %16.2 %12.6 % 2.00
Asian Star Company Ltd 999 Cr. 624 800/53327.5 1,0050.24 %4.20 %2.89 % 10.0
Motisons Jewellers Ltd 1,217 Cr. 12.2 24.0/10.618.3 4.480.00 %14.5 %11.6 % 1.00
Goldiam International Ltd 3,279 Cr. 290 444/25120.9 90.51.03 %24.6 %17.1 % 2.00
Industry Average1,161.80 Cr80.6745.4989.580.48%6.93%5.13%6.00

All Competitor Stocks of Ashapuri Gold Ornament Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 34.5230.1919.9544.4449.9750.7044.2386.89101.4583.7352.95102.4091.24
Expenses 34.0929.8419.1941.8147.1947.0640.8681.9195.3382.6247.9390.9483.24
Operating Profit 0.430.350.762.632.783.643.374.986.121.115.0211.468.00
OPM % 1.25%1.16%3.81%5.92%5.56%7.18%7.62%5.73%6.03%1.33%9.48%11.19%8.77%
Other Income 0.030.070.160.110.421.230.380.040.440.800.000.010.00
Interest 0.080.050.080.130.110.120.070.190.090.010.000.010.00
Depreciation 0.260.290.210.220.230.260.210.210.210.130.160.160.16
Profit before tax 0.120.080.632.392.864.493.474.626.261.774.8611.307.84
Tax % 16.67%62.50%23.81%24.69%27.62%24.05%25.07%25.11%17.57%54.80%34.77%25.13%28.95%
Net Profit 0.100.030.471.802.083.402.603.465.170.803.178.475.57
EPS in Rs 0.000.000.010.050.060.100.080.100.160.020.100.250.17

Last Updated: March 3, 2026, 12:11 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:05 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 608856374788121118164158165317330
Expenses 598755374687120114159154155300305
Operating Profit 1110110454101726
OPM % 1%1%1%1%1%1%0%3%3%2%6%5%8%
Other Income -0-0-00-0-01000201
Interest 1100000000000
Depreciation 0000000111111
Profit before tax 0000011342101626
Tax % 29%36%30%20%27%25%27%25%25%25%25%25%
Net Profit 000000033281218
EPS in Rs 1.200.700.600.400.700.010.020.080.090.050.230.360.54
Dividend Payout % -0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%-33.33%300.00%50.00%
Change in YoY Net Profit Growth (%)0.00%-33.33%333.33%-250.00%

Ashapuri Gold Ornament Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2021-2022 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:21%
3 Years:25%
TTM:72%
Compounded Profit Growth
10 Years:67%
5 Years:91%
3 Years:58%
TTM:27%
Stock Price CAGR
10 Years:%
5 Years:13%
3 Years:4%
1 Year:-16%
Return on Equity
10 Years:5%
5 Years:6%
3 Years:7%
Last Year:10%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: December 4, 2025, 2:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.060.060.060.100.102121252525253333
Reserves 66666242453565865113127
Borrowings 5686500047210
Other Liabilities 0223313221469
Total Liabilities 1215171615474880879195153170
Fixed Assets 0000133888666
CWIP 0000000000000
Investments 0000013111287
Other Assets 1115171514424272788288140158
Total Assets 1215171615474880879195153170

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0-1220-1-25-5-25-36
Cash from Investing Activity + -0-00-10-2-4-2-01-9
Cash from Financing Activity + 01-3-10-03042-645
Net Cash Flow 00-0-00-31-3-0-00
Free Cash Flow 0-1210-2-30-7-36-36
CFO/OP 24%-192%584%317%0%-520%-643%-82%-36%56%-195%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-4.00-5.00-7.00-6.00-4.001.000.004.001.00-3.008.0016.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 59131815313246356625
Inventory Days 68521011581039589124126157135137
Days Payable 161533235300101
Cash Conversion Cycle 72559912688104118155172192200161
Working Capital Days 3725406246141110200155168180150
ROCE %7%7%4%3%5%3%1%5%5%3%11%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.17%62.17%62.17%62.45%64.08%48.06%48.06%48.06%48.06%48.06%48.06%48.06%
FIIs 4.32%4.32%4.32%4.32%0.00%1.74%0.00%0.00%0.00%0.00%0.00%0.00%
Public 33.50%33.51%33.50%33.24%35.91%50.19%51.94%51.94%51.94%51.93%51.93%51.93%
No. of Shareholders 1,0361,1323,91610,29746,21268,01474,35893,35697,15997,88498,27296,507

Shareholding Pattern Chart

No. of Shareholders

Ashapuri Gold Ornament 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 1.001.0010.0010.0010.00
Basic EPS (Rs.) 0.380.300.711.231.18
Diluted EPS (Rs.) 0.380.300.711.231.01
Cash EPS (Rs.) 0.380.331.131.671.24
Book Value[Excl.RevalReserv]/Share (Rs.) 4.403.6033.0132.3031.07
Book Value[Incl.RevalReserv]/Share (Rs.) 4.403.6033.0132.3031.07
Revenue From Operations / Share (Rs.) 9.526.6063.2165.5447.02
PBDIT / Share (Rs.) 0.510.451.512.131.58
PBIT / Share (Rs.) 0.490.411.091.691.37
PBT / Share (Rs.) 0.480.400.951.641.36
Net Profit / Share (Rs.) 0.360.290.711.231.02
PBDIT Margin (%) 5.436.912.383.253.36
PBIT Margin (%) 5.196.341.722.572.90
PBT Margin (%) 5.086.071.512.502.89
Net Profit Margin (%) 3.794.491.131.872.16
Return on Networth / Equity (%) 8.208.252.163.803.28
Return on Capital Employeed (%) 11.1811.633.305.224.39
Return On Assets (%) 7.857.781.963.513.17
Total Debt / Equity (X) 0.000.020.080.050.00
Asset Turnover Ratio (%) 2.551.771.771.951.83
Current Ratio (X) 22.8715.9810.0411.5127.28
Quick Ratio (X) 5.136.092.303.6913.46
Inventory Turnover Ratio (X) 3.962.850.000.000.00
Interest Coverage Ratio (X) 49.5225.8311.4546.93228.98
Interest Coverage Ratio (Post Tax) (X) 35.6017.816.4228.00148.41
Enterprise Value (Cr.) 202.05281.99186.72183.70104.59
EV / Net Operating Revenue (X) 0.631.711.181.120.88
EV / EBITDA (X) 11.7324.7249.5134.4226.40
MarketCap / Net Operating Revenue (X) 0.631.701.141.100.91
Price / BV (X) 1.383.122.182.231.39
Price / Net Operating Revenue (X) 0.631.701.141.100.91
EarningsYield 0.050.020.010.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ashapuri Gold Ornament Ltd. is a Public Limited Listed company incorporated on 17/06/2008 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L36910GJ2008PLC054222 and registration number is 054222. Currently company belongs to the Industry of Gems, Jewellery & Precious Metals. Company's Total Operating Revenue is Rs. 317.20 Cr. and Equity Capital is Rs. 33.33 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsNo. 109 to 112A, 1st Floor, Supermall, Ahmedabad Gujarat 380009Contact not found
Management
NamePosition Held
Mr. Saremal C SoniChairman & Managing Director
Mr. Jitendrakumar S SoniJoint Managing Director & CFO
Mr. Dineshkumar S SoniJoint Managing Director
Ms. Pooja S JadiyaIndependent Director
Mr. Saurabh G PatelIndependent Director
Mr. Rushikesh H PatelIndependent Director

FAQ

What is the intrinsic value of Ashapuri Gold Ornament Ltd and is it undervalued?

As of 18 April 2026, Ashapuri Gold Ornament Ltd's intrinsic value is ₹5.92, which is 60.87% higher than the current market price of ₹3.68, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (10.2 %), book value (₹4.80), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ashapuri Gold Ornament Ltd?

Ashapuri Gold Ornament Ltd is trading at ₹3.68 as of 18 April 2026, with a FY2026-2027 high of ₹8.28 and low of ₹3.13. The stock is currently near its 52-week low. Market cap stands at ₹123 Cr..

How does Ashapuri Gold Ornament Ltd's P/E ratio compare to its industry?

Ashapuri Gold Ornament Ltd has a P/E ratio of 6.81, which is below the industry average of 45.49. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ashapuri Gold Ornament Ltd financially healthy?

Key indicators for Ashapuri Gold Ornament Ltd: ROCE of 13.8 % is moderate. Dividend yield is 0.00 %.

Is Ashapuri Gold Ornament Ltd profitable and how is the profit trend?

Ashapuri Gold Ornament Ltd reported a net profit of ₹12 Cr in Mar 2025 on revenue of ₹317 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Ashapuri Gold Ornament Ltd pay dividends?

Ashapuri Gold Ornament Ltd has a dividend yield of 0.00 % at the current price of ₹3.68. 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 Ashapuri Gold Ornament 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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