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Ashnisha Industries

₹7.1 0.3 | 3.8%

Market Cap ₹72 Cr.

Stock P/E 69.1

P/B 1.3

Current Price ₹7.1

Book Value ₹ 5.6

Face Value 1

52W High ₹25.7

Dividend Yield 0%

52W Low ₹ 5.7

Ashnisha Industries Research see more...

Overview Inc. Year: 2009Industry: Trading

Ashnisha Industries Ltd trades in steel merchandise. The corporation operates through four segments: Steel; Trading of Software, Electronic and IT Product; Trading of Goods; and Others. It additionally engages in the funding commercial enterprise. The corporation was previously referred to as Ashnisha Alloys Ltd. Ashnisha Industries Ltdincorporated in 2009 and is primarily based in Ahmedabad, India.

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Ashnisha Industries Share Price

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Peer Comparison

Ashnisha Industries Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 2 3 3 3 5 3 9 3 2 1
Other Income 0 1 2 0 0 0 1 0 0 0
Total Income 2 3 4 3 5 3 11 3 3 1
Total Expenditure 2 3 3 2 4 3 10 2 2 1
Operating Profit 0 1 1 0 1 -0 1 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 -0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 1 0 0 0 1 0 0 0
Provision for Tax 0 0 1 0 0 0 0 0 0 0
Profit After Tax -0 0 0 0 0 0 0 0 0 0
Adjustments -0 -0 -0 0 0 0 -0 0 0 -0
Profit After Adjustments -0 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share -0 0.2 0.1 0 0 0 0 0 0 0

Ashnisha Industries Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 12 74 27 10 9 20 15
Other Income 0 1 0 1 2 2 1
Total Income 12 75 27 11 11 21 18
Total Expenditure 12 66 28 10 9 20 15
Operating Profit 0 9 -1 1 2 1 1
Interest 0 1 0 0 0 0 0
Depreciation 0 4 4 2 1 0 0
Exceptional Income / Expenses -1 0 0 0 0 0 0
Profit Before Tax -1 4 -5 -1 1 1 1
Provision for Tax 0 0 -0 -0 1 0 0
Profit After Tax -1 4 -5 -1 0 1 0
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments -1 4 -5 -1 0 1 0
Adjusted Earnings Per Share -0.2 1.3 -1.5 -0.2 0 0.1 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 122% -10% 11% 0%
Operating Profit CAGR -50% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -55% 131% 75% NA%
ROE Average 2% 0% 3% 2%
ROCE Average 2% 1% 1% 0%

Ashnisha Industries Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 12 16 45 44 45 56
Minority's Interest 0 1 16 16 16 16
Borrowings 2 2 2 2 2 2
Other Non-Current Liabilities 0 -0 -1 -1 -0 -0
Total Current Liabilities 2 77 3 11 6 11
Total Liabilities 15 95 65 71 68 85
Fixed Assets 0 15 9 13 13 12
Other Non-Current Assets 2 43 23 25 23 24
Total Current Assets 13 37 33 33 33 48
Total Assets 15 95 65 71 68 85

Ashnisha Industries Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 5 15 0
Cash Flow from Operating Activities -12 58 -67 17 -18 -9
Cash Flow from Investing Activities -1 -16 -0 -4 5 2
Cash Flow from Financing Activities 12 -41 72 -2 -1 10
Net Cash Inflow / Outflow 0 0 4 10 -15 2
Closing Cash & Cash Equivalent 0 0 5 15 0 3

Ashnisha Industries Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -0.22 1.33 -1.5 -0.23 0.01 0.09
CEPS(Rs) -0.21 2.69 -0.28 0.33 0.05 0.12
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 4.04 5.37 14.86 14.63 1.48 5.69
Core EBITDA Margin(%) -0.09 11.3 -5.34 4.39 -0.63 -1.49
EBIT Margin(%) -5.57 6.64 -17.49 -6.03 13.7 5.83
Pre Tax Margin(%) -5.57 5.72 -18.38 -7.01 13.64 5.8
PAT Margin (%) -5.57 5.42 -16.84 -6.78 4.68 4.58
Cash Profit Margin (%) -5.49 10.94 -3.19 9.9 15.57 6.1
ROA(%) -4.28 7.27 -5.64 -1.01 0.6 1.17
ROE(%) -5.4 28.34 -14.78 -1.55 0.95 1.78
ROCE(%) -4.75 9.86 -7.06 -1.3 2.64 2.19
Receivable days 309.63 82.3 227.42 333.85 291.98 170.09
Inventory Days 0 29.18 80.77 131.69 49.73 0
Payable days 47.25 20.92 73.59 252.79 260.24 109
PER(x) 0 0.37 0 0 109.07 167.51
Price/Book(x) 0 0.09 0.04 0.03 1.03 2.67
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.39 0.96 -0.04 -1.02 5.29 7.62
EV/Core EBITDA(x) 398.44 7.89 1.16 -9.6 21.52 103.61
Net Sales Growth(%) 0 528.18 -63.88 -62.08 -11.38 118.04
EBIT Growth(%) 0 849.11 -195.07 86.93 301.47 -7.28
PAT Growth(%) 0 711.04 -212.21 84.72 161.18 113.09
EPS Growth(%) 0 711.03 -212.21 84.72 106.13 548.57
Debt/Equity(x) 0.14 4.31 0.04 0.07 0.04 0.03
Current Ratio(x) 8.6 0.48 10.19 3.07 5.32 4.59
Quick Ratio(x) 8.6 0.41 8.36 2.94 15.25 4.59
Interest Cover(x) 0 7.16 -19.56 -6.16 212.84 208.11
Total Debt/Mcap(x) 0 46.42 1.07 2.55 0.38 0.01

Ashnisha Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 35.91 35.91 35.91 35.91 27.11 27.11 27.11 27.11 26.57 17.35
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 64.09 64.09 64.09 64.09 72.89 72.89 72.89 72.89 73.43 82.64
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 260.24 to 109days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 17.35%.
  • Company has a low return on equity of 0% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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