Ashnisha Industries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Ashnisha Industries Ltd?

Ashnisha Industries Ltd is trading at 5.11 as of 05 May 2026, with a FY2026-2027 high of 5.11 and low of 2.57. The stock is currently near its 52-week high. Market cap stands at 135 Cr..

Q: Is Ashnisha Industries Ltd financially healthy?

Key indicators: ROCE of 1.23 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Ashnisha Industries Ltd profitable and how is the profit trend?

Ashnisha Industries Ltd reported a net profit of 0 Cr in Mar 2025 on revenue of 5 Cr. Compared to 0 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹2.09Overvalued by 59.10%vs CMP ₹5.11

P/E (398.0) × ROE (0.3%) × BV (₹2.30) × DY (2.00%)

₹1.10Overvalued by 78.47%vs CMP ₹5.11

MoS: -364.5% (Negative)Confidence: 60/100 (Moderate)Models: All 6: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2.07	32%	Over (-59.5%)
Graham Number	Earnings	₹0.72	23%	Over (-85.9%)
Earnings Power	Earnings	₹0.05	16%	Over (-99%)
Net Asset Value	Assets	₹2.30	10%	Over (-55%)
Earnings Yield	Earnings	₹0.10	10%	Over (-98%)
Revenue Multiple	Revenue	₹0.09	8%	Over (-98.2%)
Consensus (6 models)		₹1.10	100%	Overvalued

Key Drivers: P/E of 398 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 0.3% 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: -1.0%

*Investments are subject to market risks

Analyst Summary

Ashnisha Industries Ltd operates in the Steel - Alloys/Special segment, NSE: ASHNI | BSE: 541702, current market price is ₹5.11, market cap is 135 Cr.. At a glance, stock P/E is 398, ROE is 0.28 %, ROCE is 1.23 %, book value is 2.30, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹1.10, around 78.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹5 Cr versus the prior period change of -61.3%, while latest net profit is about ₹0 Cr with a prior-period change of -82.3%. The 52-week range shown on this page is 5.11/2.57, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAshnisha Industries Ltd. is a Public Limited Listed company incorporated on 27/07/2009 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Ashnisha Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Ashnisha Industries Ltd scores 40/100 (Weak)

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

Stock Health54/100 · Moderate

ROCE 1.2% WeakROE 0.3% WeakD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money35/100 · Weak

Promoter decreased by 10.74% Caution

Earnings Quality30/100 · Weak

OPM contracting (-1% → -43%) DecliningWorking capital: 3,411 days Capital intensive

Quarterly Momentum55/100 · Moderate

Revenue (4Q): -20% YoY DecliningProfit (4Q): +26% YoY Strong

Industry Rank10/100 · Weak

P/E 398.0 vs industry 119.8 Premium to peersROCE 1.2% vs industry 13.7% Below peersROE 0.3% vs industry 192.7% Below peers3Y sales CAGR: -19% 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: May 5, 2026, 2:16 am

Market Cap	135 Cr.
Current Price	5.11
Intrinsic Value	₹0.91
High / Low	5.11/2.57
Stock P/E	398
Book Value	2.30
Dividend Yield	0.00 %
ROCE	1.23 %
ROE	0.28 %
Face Value	1.00
PEG Ratio	-409.86

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ashnisha Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Ashnisha Industries Ltd	135 Cr.	5.11	5.11/2.57	398	2.30	0.00 %	1.23 %	0.28 %	1.00
Shah Alloys Ltd	140 Cr.	69.2	83.8/52.6		5.18	0.00 %	25.8 %	1,108 %	10.0
Mukand Ltd	2,009 Cr.	139	162/95.6	33.4	66.3	1.44 %	9.91 %	7.84 %	10.0
Usha Martin Ltd	14,124 Cr.	464	498/281	28.0	108	0.65 %	20.2 %	16.6 %	1.00
Jindal Stainless Ltd	64,106 Cr.	778	884/556	19.8	240	0.39 %	19.3 %	17.8 %	2.00
Industry Average	16,102.80 Cr	244.30		119.80	71.92	0.41%	13.69%	192.70%	5.67

All Competitor Stocks of Ashnisha 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	3.10	9.43	2.55	2.06	1.06	6.80	0.42	0.69	2.69	1.04	0.35	4.49	2.59
Expenses	3.47	9.99	2.28	2.17	0.88	7.59	1.32	0.81	2.74	3.96	0.60	4.66	2.71
Operating Profit	-0.37	-0.56	0.27	-0.11	0.18	-0.79	-0.90	-0.12	-0.05	-2.92	-0.25	-0.17	-0.12
OPM %	-11.94%	-5.94%	10.59%	-5.34%	16.98%	-11.62%	-214.29%	-17.39%	-1.86%	-280.77%	-71.43%	-3.79%	-4.63%
Other Income	0.25	1.15	0.12	0.49	0.16	1.63	1.08	0.27	0.19	4.24	0.50	0.35	0.31
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	-0.26	0.07	0.08	0.07	0.07	0.30	0.13	0.13	0.13	0.13	0.13	0.13	0.13
Profit before tax	0.14	0.52	0.31	0.31	0.27	0.54	0.05	0.02	0.01	1.19	0.12	0.05	0.06
Tax %	0.00%	46.15%	0.00%	22.58%	25.93%	62.96%	0.00%	50.00%	0.00%	91.60%	0.00%	0.00%	0.00%
Net Profit	0.14	0.27	0.31	0.24	0.20	0.20	0.05	0.01	0.01	0.10	0.12	0.06	0.06
EPS in Rs	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Last Updated: March 3, 2026, 12:10 pm

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	11.81	74.21	26.80	10.16	9.01	19.64	12.47	4.83	8.47
Expenses	11.82	65.82	28.23	9.72	9.06	19.93	12.92	8.84	11.93
Operating Profit	-0.01	8.39	-1.43	0.44	-0.05	-0.29	-0.45	-4.01	-3.46
OPM %	-0.08%	11.31%	-5.34%	4.33%	-0.55%	-1.48%	-3.61%	-83.02%	-40.85%
Other Income	-0.64	0.64	0.40	0.64	2.27	1.74	2.40	5.79	5.40
Interest	0.00	0.69	0.24	0.10	0.01	0.01	0.00	0.00	0.00
Depreciation	0.01	4.10	3.66	1.70	0.98	0.30	0.52	0.52	0.52
Profit before tax	-0.66	4.24	-4.93	-0.72	1.23	1.14	1.43	1.26	1.42
Tax %	0.00%	5.19%	-8.32%	-2.78%	65.85%	21.05%	33.57%	87.30%
Net Profit	-0.66	4.02	-4.51	-0.69	0.42	0.90	0.96	0.17	0.34
EPS in Rs	-0.08	0.51	-0.57	-0.09	0.05	0.03	0.04	0.01	0.00
Dividend Payout %	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	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	709.09%	-212.19%	84.70%	160.87%	114.29%	6.67%	-82.29%
Change in YoY Net Profit Growth (%)	0.00%	-921.28%	296.89%	76.17%	-46.58%	-107.62%	-88.96%

Ashnisha Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-29%
3 Years:	-19%
TTM:	-54%

Compounded Profit Growth
10 Years:	%
5 Years:	15%
3 Years:	-5%
TTM:	-65%

Stock Price CAGR
10 Years:	%
5 Years:	57%
3 Years:	23%
1 Year:	-47%

Return on Equity
10 Years:	%
5 Years:	1%
3 Years:	1%
Last Year:	0%

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

Balance Sheet

Last Updated: March 3, 2026, 12:32 am

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	3.02	3.02	3.02	3.02	3.02	9.90	10.10	10.10	10.10
Reserves	9.16	13.19	41.85	41.16	41.58	46.47	50.46	50.61	50.76
Borrowings	1.67	69.92	1.74	3.18	1.74	1.69	3.77	46.13	5.12
Other Liabilities	1.54	9.64	19.41	25.09	22.30	26.91	29.46	21.00	19.98
Total Liabilities	15.39	95.77	66.02	72.45	68.64	84.97	93.79	127.84	85.96
Fixed Assets	0.05	14.55	8.90	13.42	12.70	12.17	11.66	11.14	10.88
CWIP	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.34	0.48
Investments	2.17	1.37	4.16	4.01	0.59	0.59	3.59	2.82	0.77
Other Assets	13.17	79.85	52.96	55.02	55.35	72.21	78.54	113.54	73.83
Total Assets	15.39	95.77	66.02	72.45	68.64	84.97	93.79	127.84	85.96

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-11.57	57.79	-67.29	16.56	-17.99	-8.93	2.96	-12.75
Cash from Investing Activity +	-0.77	-16.33	-0.40	-3.78	4.61	1.74	-0.75	0.62
Cash from Financing Activity +	12.36	-41.41	72.10	-2.50	-1.28	9.66	-4.01	11.52
Net Cash Flow	0.02	0.05	4.40	10.27	-14.66	2.47	-1.80	-0.61
Free Cash Flow	-11.63	42.86	-65.30	11.98	-18.25	-8.93	2.96	-13.09
CFO/OP	115,700%	689%	4,706%	3,764%	35,980%	3,034%	-707%	294%

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-1.68	-61.53	-3.17	-2.74	-1.79	-1.98	-4.22	-50.14

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

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	309.68	115.29	135.65	310.03	234.15	232.86	453.10	560.72
Inventory Days	0.00	33.79	110.54	63.95	51.10	0.00	7.81	0.00
Days Payable		33.16	38.77	410.68	82.73		360.77
Cash Conversion Cycle	309.68	115.92	207.42	-36.69	202.52	232.86	100.15	560.72
Working Capital Days	358.51	-197.18	344.84	271.24	1,071.50	655.48	929.62	3,411.20
ROCE %		9.81%	-6.27%	-0.98%	0.94%	1.68%	1.84%	1.23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	27.11%	27.11%	27.11%	26.57%	17.35%	17.35%	17.35%	17.35%	17.35%	17.35%	17.35%	6.61%
Public	72.88%	72.89%	72.89%	73.42%	82.65%	82.64%	82.64%	82.65%	82.65%	82.64%	82.64%	93.39%
No. of Shareholders	8,639	8,558	46,642	63,369	78,195	73,749	68,634	66,863	65,928	64,468	63,034	63,899

Shareholding Pattern Chart

No. of Shareholders

Ashnisha 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	1.00	1.00	1.00	10.00	10.00
Basic EPS (Rs.)	0.02	0.10	0.13	1.40	-2.28
Diluted EPS (Rs.)	0.02	0.10	0.13	1.40	-2.28
Cash EPS (Rs.)	0.06	0.14	0.12	4.65	3.33
Book Value[Excl.RevalReserv]/Share (Rs.)	6.01	7.63	7.35	201.47	198.66
Book Value[Incl.RevalReserv]/Share (Rs.)	6.01	7.63	7.35	201.47	198.66
Revenue From Operations / Share (Rs.)	0.47	1.24	1.98	29.84	33.67
PBDIT / Share (Rs.)	0.17	0.19	0.14	7.34	3.59
PBIT / Share (Rs.)	0.12	0.14	0.11	4.09	-2.03
PBT / Share (Rs.)	0.12	0.14	0.11	4.07	-2.36
Net Profit / Share (Rs.)	0.01	0.09	0.09	1.40	-2.28
NP After MI And SOA / Share (Rs.)	0.01	0.09	0.09	1.40	-2.28
PBDIT Margin (%)	36.83	15.62	7.35	24.59	10.65
PBIT Margin (%)	26.15	11.49	5.82	13.70	-6.02
PBT Margin (%)	26.15	11.49	5.79	13.64	-7.00
Net Profit Margin (%)	3.49	7.66	4.57	4.68	-6.78
NP After MI And SOA Margin (%)	3.49	7.66	4.57	4.68	-6.78
Return on Networth / Equity (%)	0.27	1.57	1.59	0.94	-1.56
Return on Capital Employeed (%)	1.54	1.76	1.53	1.97	-0.99
Return On Assets (%)	0.13	1.01	1.05	0.61	-0.95
Long Term Debt / Equity (X)	0.06	0.06	0.02	0.03	0.03
Total Debt / Equity (X)	0.75	0.06	0.02	0.03	0.07
Asset Turnover Ratio (%)	0.04	0.13	0.25	0.00	0.00
Current Ratio (X)	1.98	3.56	4.59	5.32	3.07
Quick Ratio (X)	1.82	3.54	4.59	5.15	2.94
Inventory Turnover Ratio (X)	1.26	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	5932.00	9746.50	277.65	381.49	10.88
Interest Coverage Ratio (Post Tax) (X)	564.67	4779.50	173.85	73.63	-5.93
Enterprise Value (Cr.)	95.97	80.93	166.02	22.39	5.39
EV / Net Operating Revenue (X)	19.86	6.49	8.45	2.49	0.53
EV / EBITDA (X)	53.93	41.52	114.99	10.11	4.98
MarketCap / Net Operating Revenue (X)	6.90	4.93	7.67	0.51	0.12
Price / BV (X)	0.54	1.02	2.67	0.10	0.02
Price / Net Operating Revenue (X)	6.90	4.93	7.67	0.51	0.12
EarningsYield	0.01	0.01	0.01	0.09	-0.55

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ashnisha Industries Ltd. is a Public Limited Listed company incorporated on 27/07/2009 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L74110GJ2009PLC057629 and registration number is 057629. Currently Company is involved in the business activities of Wholesale of metals and metal ores. Company's Total Operating Revenue is Rs. 2.83 Cr. and Equity Capital is Rs. 10.10 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Steel - Alloys/Special	7th Floor, Ashoka Chambers, Opp. HCG Hospital, Ahmedabad Gujarat 380006	Contact not found

Management
Name	Position Held
Mr. Ashok Shah	Managing Director
Mr. Shalin Shah	Director
Mrs. Deepti Gavali	Independent Director
Mr. Swapnil Shimpi	Independent Director
Mr. Yash Bodade	Independent Director

FAQ

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

As of 05 May 2026, Ashnisha Industries Ltd's intrinsic value is ₹1.10, which is 78.47% lower than the current market price of ₹5.11, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.28 %), book value (₹2.30), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Ashnisha Industries Ltd is trading at ₹5.11 as of 05 May 2026, with a FY2026-2027 high of ₹5.11 and low of ₹2.57. The stock is currently near its 52-week high. Market cap stands at ₹135 Cr..

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

Ashnisha Industries Ltd has a P/E ratio of 398, which is above the industry average of 119.80. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Ashnisha Industries Ltd financially healthy?

Key indicators for Ashnisha Industries Ltd: ROCE of 1.23 % is on the lower side compared to the industry average of 13.69%; ROE of 0.28 % is below ideal levels (industry average: 192.70%). Dividend yield is 0.00 %.

Is Ashnisha Industries Ltd profitable and how is the profit trend?

Ashnisha Industries Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹5 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does Ashnisha Industries Ltd pay dividends?

Ashnisha Industries Ltd has a dividend yield of 0.00 % at the current price of ₹5.11. The company is currently not paying meaningful dividends.