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Last Updated: April 2, 2026, 4:09 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543927 | NSE: ASIAN

Asian Warehousing Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4.90Overvalued by 86.00%vs CMP ₹35.00

P/E (174.0) × ROE (0.2%) × BV (₹15.00) × DY (2.00%)

Defaults: BV=15

₹18.09Overvalued by 48.31%vs CMP ₹35.00
MoS: -93.5% (Negative)Confidence: 49/100 (Moderate)Models: 1 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4.9044%Over (-86%)
Net Asset ValueAssets₹75.0514%Under (+114.4%)
EV/EBITDAEnterprise₹8.6118%Over (-75.4%)
ROCE CapitalReturns₹23.1814%Over (-33.8%)
Revenue MultipleRevenue₹6.1111%Over (-82.5%)
Consensus (5 models)₹18.09100%Overvalued
Key Drivers: P/E of 174 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 0.2% 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: 0.0% · Defaults: BV=15

*Investments are subject to market risks

Investment Snapshot

48
Asian Warehousing Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 1.6% WeakROE 0.2% WeakD/E 0.34 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 71.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (75% → 53%) DecliningWorking capital: -869 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): +91% YoY AcceleratingProfit (4Q): -36% YoY DecliningOPM: 52.1% (up 17.3% YoY) Margin expansion
Industry Rank20/100 · Weak
P/E 174.0 vs industry 54.6 Premium to peersROCE 1.6% vs industry 10.0% Below peersROE 0.2% vs industry 23.1% Below peers3Y sales CAGR: 10% Moderate

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, 4:09 am

Market Cap 12.2 Cr.
Current Price 35.0
Intrinsic Value₹18.09
High / Low 56.0/29.1
Stock P/E174
Book Value
Dividend Yield0.00 %
ROCE1.58 %
ROE0.23 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Asian Warehousing Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Asian Warehousing Ltd 12.2 Cr. 35.0 56.0/29.11740.00 %1.58 %0.23 % 10.0
Delhivery Ltd 32,295 Cr. 431 490/238179 1270.00 %2.47 %1.52 % 1.00
Shree Vasu Logistics Ltd 581 Cr. 505 856/388165 32.30.00 %16.6 %6.58 % 10.0
Chartered Logistics Ltd 73.2 Cr. 5.76 10.9/4.80188 5.280.00 %5.96 %3.02 % 1.00
Allcargo Logistics Ltd 1,156 Cr. 7.72 16.2/7.1082.4 5.8114.2 %3.84 %2.49 % 2.00
Industry Average5,604.59 Cr140.1654.5865.651.14%10.01%23.09%6.93

All Competitor Stocks of Asian Warehousing Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.510.380.460.380.410.390.420.300.231.180.440.460.48
Expenses 0.060.250.090.190.080.130.120.120.150.990.180.180.23
Operating Profit 0.450.130.370.190.330.260.300.180.080.190.260.280.25
OPM % 88.24%34.21%80.43%50.00%80.49%66.67%71.43%60.00%34.78%16.10%59.09%60.87%52.08%
Other Income 0.000.010.000.070.000.000.000.000.000.010.000.000.00
Interest 0.270.240.170.300.160.280.200.190.180.160.200.190.16
Depreciation 0.060.060.060.060.060.060.060.060.060.060.060.060.06
Profit before tax 0.12-0.160.14-0.100.11-0.080.04-0.07-0.16-0.020.000.030.03
Tax % 16.67%-37.50%14.29%40.00%18.18%-175.00%-225.00%-114.29%-43.75%-100.00%-133.33%100.00%
Net Profit 0.10-0.100.13-0.140.090.060.130.01-0.090.000.000.070.00
EPS in Rs

Last Updated: February 3, 2026, 2:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:00 pm

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2.041.591.621.831.632.132.56
Expenses 0.560.360.370.510.481.391.58
Operating Profit 1.481.231.251.321.150.740.98
OPM % 72.55%77.36%77.16%72.13%70.55%34.74%38.28%
Other Income 0.050.030.010.010.070.010.01
Interest 1.100.970.930.950.910.720.71
Depreciation 0.220.230.220.220.220.220.24
Profit before tax 0.210.060.110.160.09-0.190.04
Tax % 76.19%100.00%-63.64%-6.25%-66.67%-131.58%
Net Profit 0.04-0.000.190.170.150.060.07
EPS in Rs
Dividend Payout % -0.00%-0.00%-0.00%-0.00%-0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%-10.53%-11.76%-60.00%
Change in YoY Net Profit Growth (%)0.00%89.47%-1.24%-48.24%

Asian Warehousing Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2024-2025.

Growth

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

Balance Sheet

Last Updated: December 4, 2025, 2:26 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.493.493.493.493.493.493.49
Reserves 22.4522.3322.5222.6922.8322.5922.67
Borrowings 9.238.968.187.707.576.976.60
Other Liabilities 1.631.681.631.591.361.081.37
Total Liabilities 36.8036.4635.8235.4735.2534.1334.13
Fixed Assets 35.060.0034.6334.4034.1833.6733.56
CWIP 0.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.00
Other Assets 1.7436.461.191.071.070.460.57
Total Assets 36.8036.4635.8235.4735.2534.1334.13

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1.241.241.671.421.390.98
Cash from Investing Activity + 0.050.010.010.010.000.00
Cash from Financing Activity + -1.36-1.24-1.71-1.43-1.04-1.31
Net Cash Flow -0.080.02-0.030.000.34-0.34
Free Cash Flow 1.241.241.671.421.390.98
CFO/OP 72%101%134%108%121%132%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.75-7.73-6.93-6.38-6.42-6.23

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 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 164.61227.26148.70121.67118.6859.98
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 164.61227.26148.70121.67118.6859.98
Working Capital Days -114.51300.72-493.43-570.44-821.81-868.80
ROCE %2.94%3.02%3.26%2.95%1.58%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.03%71.03%71.03%71.03%71.03%71.03%71.03%71.03%71.03%71.03%71.03%
DIIs 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public 28.96%28.97%28.95%28.95%28.96%28.94%28.94%28.96%28.96%28.96%28.96%
No. of Shareholders 2,1442,1542,3002,4092,8142,9203,3833,5543,5543,5913,630

Shareholding Pattern Chart

No. of Shareholders

Asian Warehousing 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.) 0.170.420.490.530.01
Diluted EPS (Rs.) 0.170.420.490.530.01
Cash EPS (Rs.) 0.801.051.141.170.66
Book Value[Excl.RevalReserv]/Share (Rs.) 9.429.298.8974.5874.05
Book Value[Incl.RevalReserv]/Share (Rs.) 74.7975.4775.0774.5874.05
Revenue From Operations / Share (Rs.) 6.104.685.254.634.56
PBDIT / Share (Rs.) 2.163.503.823.623.60
PBIT / Share (Rs.) 1.522.863.182.982.95
PBT / Share (Rs.) -0.540.250.450.300.17
Net Profit / Share (Rs.) 0.170.410.490.530.01
PBDIT Margin (%) 35.4774.6672.8278.1579.01
PBIT Margin (%) 25.0261.0860.5664.2464.75
PBT Margin (%) -8.865.458.626.633.89
Net Profit Margin (%) 2.818.949.3911.440.22
Return on Networth / Equity (%) 1.824.505.540.710.01
Return on Capital Employeed (%) 1.853.213.473.152.96
Return On Assets (%) 0.170.410.480.510.00
Long Term Debt / Equity (X) 0.501.081.390.200.29
Total Debt / Equity (X) 2.122.332.480.310.34
Asset Turnover Ratio (%) 0.060.040.050.040.04
Current Ratio (X) 0.060.210.190.250.94
Quick Ratio (X) 0.060.210.190.250.94
Interest Coverage Ratio (X) 1.051.341.401.361.30
Interest Coverage Ratio (Post Tax) (X) 1.081.161.181.201.00
Enterprise Value (Cr.) 23.0619.270.000.000.00
EV / Net Operating Revenue (X) 10.8411.800.000.000.00
EV / EBITDA (X) 30.5715.810.000.000.00
MarketCap / Net Operating Revenue (X) 7.577.380.000.000.00
Price / BV (X) 4.903.720.000.000.00
Price / Net Operating Revenue (X) 7.577.390.000.000.00
EarningsYield 0.000.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Asian Warehousing Ltd. is a Public Limited Listed company incorporated on 08/05/2012 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L01403MH2012PLC230719 and registration number is 230719. Currently company belongs to the Industry of Logistics - Warehousing/Supply Chain/Others. Company's Total Operating Revenue is Rs. 2.13 Cr. and Equity Capital is Rs. 3.49 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/Others508, Dalamal House, J. B. Road, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Bhavik BhimjyaniChairman & Managing Director
Ms. Asha Yogesh DawdaNon Executive Woman Director
Mr. Yogesh Jayantilal ThakkarInd. Non-Executive Director
Mrs. Sangeeta Vijay KumarInd. Non-Executive Director

FAQ

What is the intrinsic value of Asian Warehousing Ltd and is it undervalued?

As of 16 April 2026, Asian Warehousing Ltd's intrinsic value is ₹18.09, which is 48.31% lower than the current market price of ₹35.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.23 %), book value (₹), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Asian Warehousing Ltd is trading at ₹35.00 as of 16 April 2026, with a FY2026-2027 high of ₹56.0 and low of ₹29.1. The stock is currently near its 52-week low. Market cap stands at ₹12.2 Cr..

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

Asian Warehousing Ltd has a P/E ratio of 174, which is above the industry average of 54.58. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Asian Warehousing Ltd financially healthy?

Key indicators for Asian Warehousing Ltd: ROCE of 1.58 % is on the lower side compared to the industry average of 10.01%; ROE of 0.23 % is below ideal levels (industry average: 23.09%). Dividend yield is 0.00 %.

Is Asian Warehousing Ltd profitable and how is the profit trend?

Asian Warehousing Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does Asian Warehousing Ltd pay dividends?

Asian Warehousing Ltd has a dividend yield of 0.00 % at the current price of ₹35.00. 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 Asian Warehousing 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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