Ashiana Agro Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.65Fairly Valued by 3.10%vs CMP ₹11.30

P/E (130.0) × ROE (1.9%) × BV (₹5.72) × DY (2.00%)

₹4.73Overvalued by 58.14%vs CMP ₹11.30

MoS: -138.9% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹11.90	25%	Fair (+5.3%)
Graham Number	Earnings	₹3.59	18%	Over (-68.2%)
Earnings Power	Earnings	₹1.36	12%	Over (-88%)
DCF	Cash Flow	₹1.31	15%	Over (-88.4%)
Net Asset Value	Assets	₹5.73	8%	Over (-49.3%)
Earnings Yield	Earnings	₹1.00	8%	Over (-91.2%)
ROCE Capital	Returns	₹0.77	8%	Over (-93.2%)
Revenue Multiple	Revenue	₹2.51	6%	Over (-77.8%)
Consensus (8 models)		₹4.73	100%	Overvalued

Key Drivers: P/E of 130 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 1.9% 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: 2.1%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 14 September 2026, 3:17 pm +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹0.77 Cr, versus ₹0.97 Cr in Mar 2024 (-20.6% year on year). Net profit for Mar 2025 was ₹0.09 Cr, versus ₹0.12 Cr in Mar 2024 (-25.0% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹-0.05 Cr against net profit of ₹0.09 Cr. Cash flow covered -0.56 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

Balance-sheet check

Reported borrowings were ₹0.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Ashiana Agro Industries Ltd scores 41/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health39/100 · Weak

ROCE 2.7% WeakROE 1.9% WeakDebt/equity Not availableInterest Coverage Not availableProfitable 4/5 available years Reported history

Smart Money50/100 · Moderate

Promoter holding at 25.6% Stable

Earnings Quality40/100 · Moderate

CFO/NP ratio: -2.72x Poor cash conversionOPM expanding (-22% → -8%) ImprovingWorking capital: 142 days Capital intensive

Quarterly Momentum40/100 · Moderate

Revenue (4Q): -2% YoY FlatProfit (4Q): -44% YoY Declining

Industry Rank40/100 · Moderate

P/E 130.0 vs industry 227.3 Lower P/EROCE 2.7% vs industry 12.3% Below peersROE 1.9% vs industry 14.3% Below peers3Y sales CAGR: 2% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 14, 2026, 3:17 pm

Market Cap	5.19 Cr.
Current Price	11.3
Intrinsic Value	₹4.73
High / Low	13.5/6.71
Stock P/E	130
Book Value	5.72
Dividend Yield	0.00 %
ROCE	2.69 %
ROE	1.92 %
Face Value	10.0
PEG Ratio	61.05

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ashiana Agro Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Ashiana Agro Industries Ltd	5.19 Cr.	11.3	13.5/6.71	130	5.72	0.00 %	2.69 %	1.92 %	10.0
Evexia Lifecare Ltd	244 Cr.	1.30	2.38/0.47	131	3.02	0.00 %	%	%	1.00
Marico Ltd	1,09,857 Cr.	846	890/690	58.2	32.4	0.47 %	47.0 %	42.8 %	1.00
IEL Ltd	75.1 Cr.	5.76	10.3/4.53	50.4	3.45	0.00 %	0.72 %	0.40 %	1.00
MK Proteins Ltd	156 Cr.	4.16	8.85/3.56	33.2	2.03	0.00 %	10.1 %	9.37 %	1.00
Industry Average	10,634.00 Cr	193.00		273.95	67.87	0.17%	12.69%	15.25%	5.00

All Competitor Stocks of Ashiana Agro Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.22	0.18	0.21	0.26	0.26	0.24	0.14	0.22	0.22	0.19	0.18	0.25	0.18
Expenses	0.26	0.21	0.27	0.28	0.26	0.23	0.18	0.21	0.25	0.22	0.24	0.27	0.20
Operating Profit	-0.04	-0.03	-0.06	-0.02	0.00	0.01	-0.04	0.01	-0.03	-0.03	-0.06	-0.02	-0.02
OPM %	-18.18%	-16.67%	-28.57%	-7.69%	0.00%	4.17%	-28.57%	4.55%	-13.64%	-15.79%	-33.33%	-8.00%	-11.11%
Other Income	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.00	0.02	-0.01	0.03	0.05	0.06	0.01	0.06	0.02	0.02	-0.01	0.02	0.02
Tax %		0.00%	0.00%	0.00%	0.00%	16.67%	0.00%	83.33%	50.00%	50.00%	0.00%	0.00%	50.00%
Net Profit	0.00	0.02	-0.01	0.03	0.05	0.05	0.01	0.01	0.02	0.02	-0.01	0.02	0.02
EPS in Rs	0.00	0.04	-0.02	0.07	0.11	0.11	0.02	0.02	0.04	0.04	-0.02	0.04	0.04

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:35 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.17	0.43	0.15	0.48	0.84	0.83	0.58	0.73	0.84	0.97	0.77	0.80
Expenses	0.19	0.40	0.68	0.41	0.72	1.06	1.03	0.72	0.87	1.05	1.03	0.85	0.93
Operating Profit	-0.19	-0.23	-0.25	-0.26	-0.24	-0.22	-0.20	-0.14	-0.14	-0.21	-0.06	-0.08	-0.13
OPM %		-135.29%	-58.14%	-173.33%	-50.00%	-26.19%	-24.10%	-24.14%	-19.18%	-25.00%	-6.19%	-10.39%	-16.25%
Other Income	0.23	0.23	0.22	0.21	0.20	0.19	0.19	0.18	0.18	0.18	0.19	0.19	0.18
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.04	0.00	-0.03	-0.05	-0.04	-0.03	-0.01	0.04	0.04	-0.03	0.13	0.11	0.05
Tax %	50.00%		0.00%	0.00%	0.00%	0.00%	0.00%	25.00%	0.00%	0.00%	7.69%	27.27%
Net Profit	0.02	0.00	-0.03	-0.05	-0.04	-0.03	-0.01	0.03	0.04	-0.03	0.12	0.09	0.05
EPS in Rs	0.04	0.00	-0.07	-0.11	-0.09	-0.07	-0.02	0.07	0.09	-0.07	0.26	0.20	0.10
Dividend Payout %	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-100.00%	-66.67%	20.00%	25.00%	66.67%	400.00%	33.33%	-175.00%	500.00%	-25.00%
Change in YoY Net Profit Growth (%)	0.00%	33.33%	86.67%	5.00%	41.67%	333.33%	-366.67%	-208.33%	675.00%	-525.00%

Ashiana Agro Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	-1%
3 Years:	2%
TTM:	-10%

Compounded Profit Growth
10 Years:	%
5 Years:	62%
3 Years:	31%
TTM:	-71%

Stock Price CAGR
10 Years:	13%
5 Years:	79%
3 Years:	4%
1 Year:	-29%

Return on Equity
10 Years:	0%
5 Years:	2%
3 Years:	2%
Last Year:	4%

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

Balance Sheet

Last Updated: August 4, 2026, 1:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.59	4.59	4.59	4.59	4.59	4.59	4.59	4.59	4.59	4.59	4.59	4.59
Reserves	-2.08	-2.11	-2.16	-2.20	-2.23	-2.24	-2.21	-2.17	-2.19	-2.07	-2.01	-1.96
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.14	0.09	0.00	0.18	0.05	0.09	0.11	0.05	0.03	0.05	0.04	0.06
Total Liabilities	2.65	2.57	2.43	2.57	2.41	2.44	2.49	2.47	2.43	2.57	2.62	2.69
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.65	2.57	2.43	2.57	2.41	2.44	2.49	2.47	2.43	2.57	2.62	2.69
Total Assets	2.65	2.57	2.43	2.57	2.41	2.44	2.49	2.47	2.43	2.57	2.62	2.69

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-0.27	-0.22	-0.24	-0.33	-0.42	-0.16	0.01	-0.14	-0.21	-0.23	-0.05	-0.10
Cash from Investing Activity +	0.23	0.22	0.21	0.20	0.19	0.18	0.08	0.18	0.18	0.19	0.69	0.17
Cash from Financing Activity +	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.04	0.00	-0.03	-0.13	-0.24	0.03	0.09	0.05	-0.03	-0.04	0.64	0.07
Free Cash Flow	-0.27	-0.22	-0.24	-0.33	-0.42	-0.16	0.01	-0.14	-0.21	-0.23	-0.05	-0.10
CFO/OP	104%	72%	92%	129%	191%	70%	-7%	86%	100%	400%	50%	100%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-0.27	-0.22	-0.24	-0.33	-0.42	-0.16	0.01	-0.14	-0.21	-0.23	-0.05	-0.10

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days		386.47	84.88	0.00	197.71	143.39	149.52	113.28	110.00	91.25	146.75	142.21
Inventory Days		0.00		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable
Cash Conversion Cycle		386.47	84.88	0.00	197.71	143.39	149.52	113.28	110.00	91.25	146.75	142.21
Working Capital Days		150.29	33.95	48.67	76.04	134.70	123.13	69.22	105.00	95.60	139.23	142.21
ROCE %	1.55%	0.00%	-1.20%	-2.04%	-1.66%	-1.26%	-0.42%	1.69%	1.67%	-1.24%	5.28%	4.31%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	74.43%	74.42%	74.42%	74.43%	74.43%	74.43%	74.42%	74.42%	74.41%	74.41%	74.42%	74.44%
No. of Shareholders	22,958	23,196	23,288	23,267	23,242	23,259	23,284	23,241	23,194	23,146	23,071	23,035

Shareholding Pattern Chart

No. of Shareholders

Ashiana Agro Industries 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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.18	0.27	-0.06	0.09	0.07
Diluted EPS (Rs.)	0.18	0.27	-0.06	0.09	0.07
Cash EPS (Rs.)	0.18	0.27	-0.05	0.08	0.07
Book Value[Excl.RevalReserv]/Share (Rs.)	5.61	5.49	5.22	5.28	5.18
Book Value[Incl.RevalReserv]/Share (Rs.)	5.61	5.49	5.22	5.28	5.18
Revenue From Operations / Share (Rs.)	1.68	2.11	1.84	1.60	1.26
PBDIT / Share (Rs.)	0.24	0.28	-0.05	0.08	0.08
PBIT / Share (Rs.)	0.24	0.28	-0.05	0.08	0.08
PBT / Share (Rs.)	0.24	0.28	-0.05	0.08	0.08
Net Profit / Share (Rs.)	0.18	0.27	-0.05	0.08	0.07
PBDIT Margin (%)	14.76	13.33	-3.12	5.59	6.65
PBIT Margin (%)	14.76	13.33	-3.13	5.59	6.64
PBT Margin (%)	14.76	13.33	-3.13	5.59	6.64
Net Profit Margin (%)	11.05	12.81	-3.13	5.59	5.60
Return on Networth / Equity (%)	3.30	4.93	-1.10	1.69	1.36
Return on Capital Employeed (%)	4.41	5.13	-1.10	1.69	1.61
Return On Assets (%)	3.23	4.84	-1.08	1.66	1.30
Asset Turnover Ratio (%)	0.29	0.38	0.34	0.29	0.23
Current Ratio (X)	30.34	22.33	26.35	19.89	9.17
Quick Ratio (X)	30.34	22.33	26.35	19.89	9.17
Enterprise Value (Cr.)	3.39	3.97	1.71	3.93	3.76
EV / Net Operating Revenue (X)	4.40	4.10	2.02	5.35	6.50
EV / EBITDA (X)	29.82	30.73	-64.74	95.73	97.71
MarketCap / Net Operating Revenue (X)	6.07	4.75	2.82	6.31	7.82
Price / BV (X)	1.81	1.83	0.99	1.92	1.90
Price / Net Operating Revenue (X)	6.07	4.75	2.82	6.31	7.82
EarningsYield	0.01	0.02	-0.01	0.01	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Ashiana Agro Industries Ltd and is it undervalued?

Ashiana Agro Industries Ltd: the stored intrinsic value estimate is ₹4.73, compared with a stored share price of ₹11.30. The model value is 58.1% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Ashiana Agro Industries Ltd?

The stored share price is ₹11.30. Price-data record updated: 14 September 2026, 3:17 pm +05:30. This is not a live quote. The stored 52-week high / low is 13.5/6.71; this is a rolling range, not a financial-year range.

How have Ashiana Agro Industries Ltd's revenue and profit changed?

Does Ashiana Agro Industries Ltd's profit convert into cash?

What should I check in Ashiana Agro Industries Ltd's balance sheet?

Reported borrowings were ₹0.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Ashiana Agro Industries Ltd's P/E with other stocks?

The stored P/E is 130.00. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Ashiana Agro Industries Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.