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Ashoka Refineries Overview

Ashoka Refineries Limited engages within the buying and selling of good in India. It additionally offers consulting services. The corporation was founded in 1991 and is based in Raipur, India.

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Ashoka Refineries Key Financials

Market Cap ₹5 Cr.

Stock P/E -27.3

P/B 1.8

Current Price ₹13.4

Book Value ₹ 7.3

Face Value 10

52W High ₹14.2

Dividend Yield 0%

52W Low ₹ 11.8

Ashoka Refineries Share Price

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Volume
Price

Ashoka Refineries Quarterly Price

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Ashoka Refineries Peer Comparison

Ashoka Refineries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 0 0 -0 -0 -0 -0 -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 0 -0 -0 -0 -0 -0 -0 -0
Provision for Tax 0 0 0 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 0.1 -0.1 -0.1 -0.2 -0.2 -0.1 -0.1 -0.1

Ashoka Refineries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 0 0 0 0 1 2 2 1 0 0
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 1 2 2 2 0 0
Total Expenditure 0 0 0 0 0 0 1 2 2 1 0 0
Operating Profit -0 -0 -0 -0 0 -0 0 0 0 0 -0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 -0 -0 0 -0 0 0 0 0 -0 0
Provision for Tax 0 0 0 0 0 -0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 0 -0 0 0 0 0 -0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -0 -0 -0 0 -0 0 0 0 0 -0 0
Adjusted Earnings Per Share -0.1 -0.2 -0.3 -0 0 -0.1 0 0.5 0.3 0 -0.5 -0.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -100% -100% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 12% 35% 20% 0%
ROE Average -6% -1% 1% -1%
ROCE Average -6% -0% 1% -1%

Ashoka Refineries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 2 1 1 2 2 2 2 3 3 3
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 -0 -0 -0 0 -0 -0
Total Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 2 2 1 1 2 2 2 3 4 3 3
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 2 2 1 1 2 2 2 2 2 2 2
Total Current Assets 0 0 0 0 0 0 0 1 1 1 0
Total Assets 2 2 1 1 2 2 2 3 4 3 3

Ashoka Refineries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -0 -0 0 -0 -0 0 -0 -0 -0 -2 0
Cash Flow from Investing Activities 0 0 -0 0 0 0 0 0 0 1 0
Cash Flow from Financing Activities -0 -0 0 0 0 -0 0 0 0 0 -0
Net Cash Inflow / Outflow -0 0 -0 -0 -0 0 -0 0 0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Ashoka Refineries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.11 -0.16 -0.26 -0.03 0.01 -0.11 0.02 0.54 0.26 0.05 -0.49
CEPS(Rs) -0.11 -0.16 -0.26 -0.03 0.01 -0.11 0.02 0.54 0.26 0.05 -0.49
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5 4.84 2.21 2.18 4.46 5.36 5.76 7.1 8.03 8.02 7.59
Core EBITDA Margin(%) -226.44 0 0 0 0 0 -1.88 6.79 3.92 -1.01 -53.1
EBIT Margin(%) -225.29 0 0 0 0 0 1.17 8.03 5.78 1.72 -53.1
Pre Tax Margin(%) -226.61 0 0 0 0 0 1.1 8 5.76 1.53 -53.22
PAT Margin (%) -226.61 0 0 0 0 0 1.1 7.94 4.65 1.14 -53.22
Cash Profit Margin (%) -226.61 0 0 0 0 0 1.1 7.94 4.65 1.14 -53.22
ROA(%) -1.53 -2.34 -4.76 -0.67 0.18 -1.93 0.43 7.87 2.89 0.53 -5.96
ROE(%) -2.12 -3.28 -7.27 -1.23 0.27 -2.15 0.43 8.4 3.44 0.62 -6.28
ROCE(%) -1.94 -3.01 -6.38 -1.02 0.33 -1.99 0.43 7.94 4.04 0.89 -5.93
Receivable days 0 0 0 0 0 0 117.37 73.27 168.07 208.25 0
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 56.39 38.74 74.8 60.92 2.41
PER(x) 0 0 0 0 1159 0 222.41 22.19 28.03 125.15 0
Price/Book(x) 0 0 0 0 2.31 1.29 0.93 1.69 0.91 0.78 1.71
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 220.57 0 0 0 0 0 2.59 1.81 1.26 1.5 13.65
EV/Core EBITDA(x) -97.9 -63.16 -42.07 -383.9 851.66 -67.22 222.01 22.54 21.8 87.34 -25.7
Net Sales Growth(%) -26.12 -100 0 0 0 0 0 210.37 -17.62 -22.24 -78.85
EBIT Growth(%) -1744.3 -51.67 -56.7 89.33 146.4 -953.33 123.95 2034.48 -40.71 -76.84 -752.55
PAT Growth(%) -2303.39 -50.91 -58.63 89.47 132.89 -1291.53 122.81 2141.46 -51.8 -80.93 -1086.98
EPS Growth(%) -2281.63 -50.98 -58.61 89.47 132.89 -1291.69 122.8 2141.91 -51.8 -80.91 -1086.52
Debt/Equity(x) 0.09 0.09 0.2 0.2 0.1 0.08 0.08 0.06 0.05 0.06 0.06
Current Ratio(x) 0.41 2.03 1.87 0.34 1.87 2.3 1.38 3.06 2.77 21.45 11.98
Quick Ratio(x) 0.41 2.03 1.87 0.34 1.87 2.3 1.38 3.06 2.77 21.45 11.98
Interest Cover(x) -170.69 -1211.28 -75.99 0 23.74 -52.68 17.4 265.29 367 8.79 -416
Total Debt/Mcap(x) 0 0 0 0 0.04 0.06 0.08 0.04 0.06 0.07 0.03

Ashoka Refineries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 32.94 32.94 32.94 32.94 32.94 32.94 32.94 32.94 32.94 32.94
FII 0 0 0 0 0 0 0 0 0 0
DII 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29
Public 66.77 66.77 66.77 66.77 66.77 66.77 66.77 66.77 66.77 66.77
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ashoka Refineries News

Ashoka Refineries Pros & Cons

Pros

  • Debtor days have improved from 60.92 to 2.41days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.94%.
  • Company has a low return on equity of -1% over the last 3 years.
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