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Last Updated: April 2, 2026, 2:38 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 514286 | NSE: ASHIMASYN

Ashima Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.56Overvalued by 18.14%vs CMP ₹12.90

P/E (15.0) × ROE (5.8%) × BV (₹15.00) × DY (2.00%)

Defaults: P/E=15, BV=15

₹8.72Overvalued by 32.40%vs CMP ₹12.90
MoS: -47.9% (Negative)Confidence: 38/100 (Low)Models: 1 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8.7849%Over (-31.9%)
Net Asset ValueAssets₹14.9829%Under (+16.1%)
Revenue MultipleRevenue₹0.2622%Over (-98%)
Consensus (3 models)₹8.72100%Overvalued
Key Drivers: EPS CAGR -16.8% drags value — could be higher if earnings stabilize. | Wide model spread (₹0–₹15) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -16.8% · Defaults: P/E=15, BV=15

*Investments are subject to market risks

Investment Snapshot

40
Ashima Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 1.8% WeakROE 5.8% WeakD/E 0.18 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money60/100 · Moderate
FII holding up 0.07% (6mo) Slight increasePromoter holding at 73.5% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-3% → 67%) ImprovingWorking capital: 6,704 days Capital intensive
Quarterly Momentum15/100 · Weak
Revenue (4Q): -91% YoY DecliningProfit (4Q): -122% YoY DecliningOPM: -67.8% (down 132.9% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 1.8% vs industry 9.2% Below peers3Y sales CAGR: -64% 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.

Ashima Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 474.3 | ROCE 1.8% | ROE 5.8% | CFO/NP N/A
Balance Sheet Stress
40/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.18x | IntCov 0.0x | Current 2.75x | Borrow/Reserve 1.75x
Cash Flow Reliability
86/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-19 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.06 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +50.0% | Q NP -198.2% | Q OPM -58.3 pp
Derived FieldValueHow it is derived
Valuation Gap %-32.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves1.75xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.06 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,278Latest shareholder count minus previous count
Quarterly Sales Change+50.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-198.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-58.3 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:38 am

Market Cap 248 Cr.
Current Price 12.9
Intrinsic Value₹8.72
High / Low 36.3/11.3
Stock P/E
Book Value 15.0
Dividend Yield0.00 %
ROCE1.83 %
ROE5.75 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Ashima Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ashima Ltd 248 Cr. 12.9 36.3/11.3 15.00.00 %1.83 %5.75 % 10.0
Rudra Ecovation Ltd 198 Cr. 16.6 55.5/14.0 9.080.00 %3.03 %5.73 % 1.00
Ginni Filaments Ltd 303 Cr. 35.3 57.8/19.96.29 25.70.00 %5.28 %2.14 % 10.0
DCM Nouvelle Ltd 191 Cr. 102 209/95.636.7 1740.00 %5.18 %2.14 % 10.0
Shiva Texyarn Ltd 179 Cr. 138 250/12011.1 1100.43 %9.29 %9.49 % 10.0
Industry Average3,322.90 Cr165.80474.26127.360.51%9.16%7.98%7.02

All Competitor Stocks of Ashima Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 48.6658.1638.1653.353.366.2678.667.845.282.170.742.443.66
Expenses 48.0356.9343.3253.700.152.0415.361.961.845.951.832.676.14
Operating Profit 0.631.23-5.16-0.353.214.2263.305.883.44-3.78-1.09-0.23-2.48
OPM % 1.29%2.11%-13.52%-0.66%95.54%67.41%80.47%75.00%65.15%-174.19%-147.30%-9.43%-67.76%
Other Income 1.09-1.910.770.29-3.740.7134.41-2.65-13.48-5.836.09-0.79-3.70
Interest 0.540.610.480.440.541.291.641.691.711.711.681.722.13
Depreciation 1.031.041.031.070.200.200.190.190.200.200.070.070.07
Profit before tax 0.15-2.33-5.90-1.57-1.273.4495.881.35-11.95-11.523.25-2.81-8.38
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 0.15-2.33-5.90-1.57-1.273.4495.821.35-11.95-11.523.25-2.81-8.38
EPS in Rs 0.01-0.12-0.31-0.08-0.070.185.000.07-0.62-0.600.17-0.15-0.44

Last Updated: January 13, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 20, 2026, 2:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 26827121319323033628510420820790107
Expenses 26826822020424133928910721521218513
Operating Profit 04-7-12-11-4-4-3-6-5726-6
OPM % 0%1%-3%-6%-5%-1%-1%-3%-3%-2%80%54%-85%
Other Income 1-10-052148508-430529-173
Interest 25129782222478
Depreciation 12543465334110
Profit before tax -13-16-242812633-3-1218-796-19-11
Tax % 0%0%0%1%0%0%0%1%0%0%0%0%
Net Profit -13-16-242712633-3-1218-796-19-11
EPS in Rs -1.13-1.43-2.082.129.852.55-0.26-0.610.93-0.355.03-0.99-0.58
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-23.08%-50.00%212.50%366.67%-73.81%-109.09%-300.00%250.00%-138.89%1471.43%-119.79%
Change in YoY Net Profit Growth (%)0.00%-26.92%262.50%154.17%-440.48%-35.28%-190.91%550.00%-388.89%1610.32%-1591.22%

Ashima Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-28%
5 Years:-48%
3 Years:-63%
TTM:-89%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:0%
TTM:-108%
Stock Price CAGR
10 Years:14%
5 Years:30%
3 Years:16%
1 Year:-25%
Return on Equity
10 Years:%
5 Years:4%
3 Years:9%
Last Year:-6%

Last Updated: September 4, 2025, 11:45 pm

Balance Sheet

Last Updated: December 4, 2025, 12:58 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333331281289353192192192192192192
Reserves -311-323-35-75321343119362912510796
Borrowings 48956017678292825231833124122168
Other Liabilities 4449486666661893773679282114
Total Liabilities 255320223198256321298270319320533502569
Fixed Assets 1621451381211051371391341171341314746
CWIP 0000001184700
Investments 000001516313153137143
Other Assets 941758677151169142132181167364419380
Total Assets 255320223198256321298270319320533502569

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 167-12-8-264-8-26-24-39-19
Cash from Investing Activity + 21-667705513-73716-323
Cash from Financing Activity + 0-6-4-62-58-24-2013-61386-10
Net Cash Flow 31-3-846-2-26544-6
Free Cash Flow 178625430182-13-21-43-20
CFO/OP 614%175%-101%99%63%697%-95%337%411%527%-53%-320%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-489.00-556.00-183.00-90.00-40.00-32.00-29.00-26.00-24.00-38.00-52.00-116.00

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 32431416242721503926152135
Inventory Days 149126176169174157142246236275
Days Payable 8090119121152116104172146119
Cash Conversion Cycle 101797064476858124128182152135
Working Capital Days 6454-114-2110578801001211165996,704
ROCE %-5%-0%-5%-9%-7%4%-2%-6%-3%-3%21%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%73.49%
FIIs 0.00%0.00%0.03%0.03%0.03%0.10%0.00%0.00%0.03%0.05%0.04%0.10%
DIIs 0.00%0.00%0.00%0.00%0.00%0.07%0.13%0.13%0.00%0.00%0.00%0.00%
Public 26.52%26.51%26.48%26.49%26.48%26.34%26.39%26.38%26.49%26.47%26.47%26.42%
No. of Shareholders 24,42924,13924,82826,56233,32440,43546,51345,74345,32643,95642,68341,405

Shareholding Pattern Chart

No. of Shareholders

Ashima 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 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -0.995.030.93-0.60-0.18
Diluted EPS (Rs.) -0.995.030.93-0.60-0.18
Cash EPS (Rs.) -0.955.071.10-0.370.37
Book Value[Excl.RevalReserv]/Share (Rs.) 15.5816.5311.8010.9115.50
Book Value[Incl.RevalReserv]/Share (Rs.) 15.5816.5311.8010.9115.50
Revenue From Operations / Share (Rs.) 0.544.6710.827.3853.68
PBDIT / Share (Rs.) 0.373.84-0.23-0.190.75
PBIT / Share (Rs.) 0.343.79-0.39-0.43-0.25
PBT / Share (Rs.) -0.013.611.35-0.60-0.63
Net Profit / Share (Rs.) -0.995.030.93-0.61-0.63
NP After MI And SOA / Share (Rs.) -0.995.030.93-0.59-0.63
PBDIT Margin (%) 68.6082.05-2.18-2.671.40
PBIT Margin (%) 62.3081.18-3.68-5.95-0.47
PBT Margin (%) -2.5777.1112.46-8.19-1.18
Net Profit Margin (%) -181.29107.588.64-8.31-1.18
NP After MI And SOA Margin (%) -181.29107.588.64-8.10-1.18
Return on Networth / Equity (%) -6.3630.427.92-5.48-4.10
Return on Capital Employeed (%) 1.5517.00-3.17-3.68-0.55
Return On Assets (%) -3.7818.095.64-4.26-1.14
Long Term Debt / Equity (X) 0.370.320.030.050.18
Total Debt / Equity (X) 0.370.360.040.050.18
Asset Turnover Ratio (%) 0.020.000.700.500.92
Current Ratio (X) 4.483.072.293.042.75
Quick Ratio (X) 2.031.291.282.141.64
Inventory Turnover Ratio (X) 0.050.002.391.242.06
Interest Coverage Ratio (X) 1.0620.15-1.98-1.201.98
Interest Coverage Ratio (Post Tax) (X) 0.9619.91-3.34-2.71-0.66
Enterprise Value (Cr.) 356.91399.03261.65269.3321.39
EV / Net Operating Revenue (X) 34.064.451.261.900.07
EV / EBITDA (X) 49.645.43-57.63-71.065.32
MarketCap / Net Operating Revenue (X) 31.513.851.302.150.05
Price / BV (X) 1.111.091.201.450.20
Price / Net Operating Revenue (X) 31.563.851.312.150.05
EarningsYield -0.050.270.06-0.03-0.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ashima Ltd. is a Public Limited Listed company incorporated on 17/06/1982 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L99999GJ1982PLC005253 and registration number is 005253. Currently Company is involved in the business activities of Weaving, manufacture of cotton and cotton mixture fabrics.. Company's Total Operating Revenue is Rs. 10.40 Cr. and Equity Capital is Rs. 191.66 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedTexcellence Complex, Khokhara - Mehmedabad, Ahmedabad Gujarat 380021Contact not found
Management
NamePosition Held
Mr. Chintan N ParikhChairman & Managing Director
Mr. Krishnachintan C ParikhExecutive Director
Mr. Neeraj GolasIndependent Director
Mr. Sanjay S MajmudarIndependent Director
Mrs. Koushlya V MelwaniIndependent Director
Mr. Nilesh MehtaIndependent Director

FAQ

What is the intrinsic value of Ashima Ltd and is it undervalued?

As of 05 April 2026, Ashima Ltd's intrinsic value is ₹8.72, which is 32.40% lower than the current market price of ₹12.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.75 %), book value (₹15.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ashima Ltd?

Ashima Ltd is trading at ₹12.90 as of 05 April 2026, with a FY2026-2027 high of ₹36.3 and low of ₹11.3. The stock is currently near its 52-week low. Market cap stands at ₹248 Cr..

How does Ashima Ltd's P/E ratio compare to its industry?

Ashima Ltd has a P/E ratio of , which is below the industry average of 474.26. This is broadly in line with or below the industry average.

Is Ashima Ltd financially healthy?

Key indicators for Ashima Ltd: ROCE of 1.83 % is on the lower side compared to the industry average of 9.16%; ROE of 5.75 % is below ideal levels (industry average: 7.98%). Dividend yield is 0.00 %.

Is Ashima Ltd profitable and how is the profit trend?

Ashima Ltd reported a net profit of ₹-19 Cr in Mar 2025 on revenue of ₹10 Cr. Compared to ₹18 Cr in Mar 2022, the net profit shows a declining trend.

Does Ashima Ltd pay dividends?

Ashima Ltd has a dividend yield of 0.00 % at the current price of ₹12.90. 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 Ashima 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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