WEBSITE BSE:526187 NSE: ASHRAM ONLIN Inc. Year: 1991 Industry: Hotel, Resort & Restaurants My Bucket: Add Stock
Last updated: 11:16
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1. Business Overview
Ashram Online.Com Ltd. operates in the Hotel, Resort & Restaurants sector in India. Based on its name and sector, the company likely functions as an online platform or a service provider facilitating access to and bookings for ashrams, spiritual retreats, wellness centers, and related hospitality services. Its core business model is presumed to involve either directly managing or owning such facilities, or more likely, aggregating listings and offering booking services for various ashrams and spiritual resorts across India. The company would primarily make money through commissions on bookings, transaction fees, and potentially through direct revenue generated from owned or managed properties.
2. Key Segments / Revenue Mix
Specific information regarding key business segments and their revenue contribution is not available. Given the company name, potential segments could include an online booking platform for spiritual tourism, direct management of ashrams/retreats, or offering spiritual/wellness tour packages.
3. Industry & Positioning
The company operates within India's hospitality industry, with a probable focus on the niche segment of spiritual, wellness, and cultural tourism. This segment is characterized by a mix of organized and unorganized players, including traditional ashrams, independent wellness resorts, and a growing number of specialized travel agencies and online platforms. Ashram Online.Com Ltd. is likely positioned as a specialist in this niche, leveraging its "Online.Com" aspect to provide a digital interface for discovery and booking, differentiating itself from purely offline traditional establishments and general hospitality players. Its positioning against larger online travel agencies (OTAs) would be its specialization in the spiritual/wellness domain.
4. Competitive Advantage (Moat)
Given the limited information, a strong, durable competitive advantage is not immediately evident. Potential nascent moats could include:
Niche Brand: Establishing itself as a recognized and trusted brand for spiritual and wellness travel could build loyalty.
Network Effect (Potential): If its online platform successfully aggregates a large number of diverse ashrams and spiritual retreats, it could attract more users, which in turn attracts more providers, creating a network effect.
Proprietary Technology/Data: Its "Online.Com" presence suggests a technology platform, but its uniqueness and defensibility are unknown.
However, the barriers to entry in online travel aggregation are generally low, making a sustainable moat challenging without significant scale, unique offerings, or deep integration.
5. Growth Drivers
Rising Spiritual & Wellness Tourism: Growing interest in spiritual, wellness, and experiential travel, both domestically and internationally, especially post-pandemic.
Digitalization of Travel: Increasing adoption of online platforms for travel planning and bookings across India.
Expanding Middle Class: Growth in disposable income among the Indian middle class, leading to higher spending on leisure and wellness.
Partnership Expansion: Ability to onboard a larger number of diverse ashrams, spiritual centers, and wellness resorts onto its platform.
Brand Building: Successful marketing and brand building efforts to become a preferred choice for spiritual travel.
6. Risks
Competition: Intense competition from larger, diversified online travel agencies (OTAs) that may enter or expand into the spiritual tourism niche, as well as from other specialized platforms.
Reputation Risk: High sensitivity in the spiritual and wellness sector; any negative reviews or incidents at listed properties could severely impact the company's brand and trust.
Economic Downturns: Discretionary spending on travel and wellness is vulnerable to economic slowdowns.
Regulatory & Cultural Sensitivity: Operating in a sector tied to religious and spiritual institutions may involve navigating complex local regulations and cultural sensitivities.
Technological Reliance: Dependence on its online platform makes it susceptible to cybersecurity threats, technological disruptions, or failure to keep pace with evolving digital trends.
7. Management & Ownership
Specific details about the promoters, management quality, or ownership structure are not available. In India, many companies, particularly those outside the largest market capitalization, are often promoter-driven, meaning the founders or founding families hold significant control and influence over strategic direction.
8. Outlook
Ashram Online.Com Ltd. operates in a promising niche within the Indian hospitality sector, tapping into the growing demand for spiritual and wellness tourism, coupled with the increasing trend of online bookings. The "Online.Com" aspect suggests a forward-thinking approach to an often traditional segment. The potential for growth is linked to its ability to effectively aggregate a wide range of authentic experiences, build a trusted brand, and leverage technology for seamless user experience. However, the company faces significant challenges, including intense competition from established players, the need to build a defensible competitive advantage in a crowded digital space, and potential reputation risks inherent in the sensitive spiritual sector. Its success will largely depend on strong execution, effective marketing, and continuous innovation in a dynamic market.
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Market Cap ₹7 Cr.
Stock P/E -96.3
P/B 0.5
Current Price ₹5.6
Book Value ₹ 10.5
Face Value 10
52W High ₹6.5
Dividend Yield 0%
52W Low ₹ 4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(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 | -0 | 0 | -0 | -0 | -0 |
| #(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 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Total Expenditure | 0 | 0 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 0 |
| Operating Profit | 0 | 0 | -2 | 0 | 0 | 0 | -1 | 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 | -2 | 0 | 0 | -0 | -1 | 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 | -2 | 0 | 0 | -0 | -1 | 0 | -0 | -0 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | -2 | 0 | 0 | -0 | -1 | 0 | -0 | -0 | -0 | 0 |
| Adjusted Earnings Per Share | -0 | 0.1 | -1.4 | 0.1 | 0.1 | -0.1 | -0.6 | 0 | -0.2 | -0 | -0.1 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | -100% | 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 | 18% | 10% | 8% | 18% |
| ROE Average | -1% | -1% | -2% | -2% |
| ROCE Average | -0% | -1% | -2% | -2% |
| #(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 | 12 | 12 | 10 | 10 | 10 | 10 | 10 | 13 | 12 | 13 | 11 |
| 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 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 12 | 12 | 10 | 10 | 11 | 11 | 10 | 14 | 13 | 14 | 12 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8 | 8 | 8 | 9 | 10 | 10 | 5 | 13 | 12 | 14 | 11 |
| Total Current Assets | 4 | 4 | 2 | 1 | 1 | 1 | 5 | 1 | 0 | 1 | 1 |
| Total Assets | 12 | 12 | 10 | 10 | 11 | 11 | 10 | 14 | 13 | 14 | 12 |
| #(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 | -1 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 |
| Cash Flow from Investing Activities | 0 | 1 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -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 |
| # | 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) | -0.03 | 0.14 | -1.44 | 0.15 | 0.1 | -0.09 | -0.55 | 0.03 | -0.21 | -0.01 | -0.06 |
| CEPS(Rs) | -0.03 | 0.14 | -1.44 | 0.15 | 0.12 | -0.02 | -0.5 | 0.06 | -0.18 | 0.01 | -0.05 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 9.56 | 9.82 | 8.24 | 8.39 | 8.72 | 8.58 | 8.09 | 10.6 | 9.99 | 11.06 | 9.53 |
| Core EBITDA Margin(%) | 4.26 | 39.81 | -278.48 | -75.77 | -45.6 | -104 | -321.84 | -85.58 | -156.33 | -123.1 | -107.32 |
| EBIT Margin(%) | 4.26 | 39.81 | -278.48 | 57.93 | 27.76 | -13.46 | -173.39 | 3.03 | -62.66 | 6.69 | -14.86 |
| Pre Tax Margin(%) | 4.26 | 39.81 | -278.49 | 57.93 | 27.67 | -13.59 | -173.52 | 3.03 | -63.96 | 6.58 | -16.61 |
| PAT Margin (%) | -9.94 | 30.17 | -290.92 | 34.41 | 17.18 | -18.91 | -171.5 | 8.65 | -64.39 | -1.72 | -19.75 |
| Cash Profit Margin (%) | -9.94 | 30.17 | -290.92 | 34.52 | 19.69 | -3.51 | -155.95 | 20.5 | -56.28 | 4.18 | -15.65 |
| ROA(%) | -0.25 | 1.37 | -15.55 | 1.73 | 1.13 | -0.96 | -6.36 | 0.26 | -1.93 | -0.05 | -0.54 |
| ROE(%) | -0.26 | 1.41 | -15.95 | 1.79 | 1.21 | -1.03 | -6.64 | 0.27 | -2.05 | -0.05 | -0.57 |
| ROCE(%) | 0.11 | 1.86 | -15.26 | 3.01 | 1.96 | -0.73 | -6.69 | 0.09 | -2 | 0.19 | -0.42 |
| Receivable days | 4908.1 | 2414.84 | 1468.05 | 876.81 | 375.65 | 319.71 | 2587.52 | 2910.28 | 343.88 | 79.26 | 164.97 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 172.94 | 272.71 | 325.3 | 134.41 | 231.43 | 318.44 | 210.05 | 82.18 |
| PER(x) | 0 | 9.15 | 0 | 12.57 | 40.54 | 0 | 0 | 197.24 | 0 | 0 | 0 |
| Price/Book(x) | 0.44 | 0.13 | 0.18 | 0.22 | 0.48 | 0.48 | 0.46 | 0.47 | 0.29 | 0.54 | 0.54 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 16.57 | 2.66 | 2.9 | 3.9 | 6.3 | 8.65 | 11.45 | 16.7 | 8.33 | 19.83 | 17.63 |
| EV/Core EBITDA(x) | 389.1 | 6.69 | -1.04 | 6.72 | 20.83 | 448.07 | -7.25 | 112.25 | -15.27 | 157.57 | -163.8 |
| Net Sales Growth(%) | 20.54 | 78.76 | 9.35 | -12.62 | 39.44 | -21.81 | -31.56 | -9.22 | 12.02 | -7.85 | -2.07 |
| EBIT Growth(%) | -60.52 | 1571.51 | -864.96 | 118.18 | -33.17 | -137.92 | -781.42 | 101.58 | -2418.87 | 109.85 | -317.36 |
| PAT Growth(%) | -1727.49 | 642.5 | -1154.43 | 110.33 | -30.36 | -186.04 | -520.75 | 104.58 | -933.66 | 97.55 | -1027.42 |
| EPS Growth(%) | -1729.14 | 641.95 | -1154.43 | 110.33 | -30.38 | -186.1 | -520.63 | 104.59 | -932.28 | 97.54 | -1025 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.02 | 0.02 |
| Current Ratio(x) | 34.28 | 23.06 | 11.07 | 3.18 | 1.26 | 1.18 | 29.62 | 2.33 | 1.58 | 1.15 | 2.59 |
| Quick Ratio(x) | 34.28 | 23.06 | 11.07 | 3.18 | 1.26 | 1.18 | 29.62 | 2.33 | 1.58 | 1.15 | 2.59 |
| Interest Cover(x) | 2300.71 | 0 | 0 | 0 | 294.73 | -109.8 | -1276.47 | 0 | -48.2 | 60.5 | -8.48 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0.04 | 0.03 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 25.36 | 25.36 | 25.36 | 25.36 | 25.36 | 25.36 | 25.36 | 25.36 | 25.36 | 25.36 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Public | 74.59 | 74.59 | 74.59 | 74.59 | 74.59 | 74.59 | 74.59 | 74.59 | 74.59 | 74.59 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 |
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