Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹23 Cr.
Stock P/E
8.9
P/B
0.4
Current Price
₹15
Book Value
₹ 33.7
Face Value
10
52W High
₹22.8
52W Low
₹ 10.2
Dividend Yield
—

Aspire & Innovative Overview

Business

Aspire & Innovative Advertising Ltd. operates primarily in the "Trading" sector within the advertising industry in India. The company's core business model likely involves acting as an intermediary for advertising space and related services. This typically means acquiring advertising inventory (such as print space, outdoor hoardings, digital ad slots, or TV commercial time) from media owners in bulk or at favorable rates, and then reselling this inventory to clients (advertisers, brands, other agencies) at a margin. The "Innovative Advertising" part of its name suggests it might also focus on creative solutions, new media formats, or more effective targeting strategies in its trading activities. The company makes money through the difference between the price at which it procures advertising space/services and the price at which it sells them to its clients, effectively acting as a media trader or broker.

Revenue Mix

Without specific financial reports, a detailed breakdown of revenue mix is not available. However, based on its business model, potential revenue segments could include:

Traditional Media Trading: Revenue from trading in print, television, radio, and outdoor advertising space.

Digital Media Trading: Revenue from trading in online banners, video ads, social media ads, search engine marketing (SEM) placements, and other digital advertising inventory.

Related Services: Potentially, some revenue could be derived from media planning, buying, and execution services, which often complement the trading aspect.

The primary revenue driver would be the margin generated from buying and selling advertising inventory across these different media types.

Industry

The Indian advertising industry is dynamic and fragmented, characterized by a mix of large global agencies, local full-service agencies, specialized firms, and media buying houses. The "advertising trading" segment specifically involves companies focused on the procurement and resale of media inventory. Aspire & Innovative Advertising Ltd. operates within this competitive landscape, likely contending with other independent media traders, media buying units of larger agencies, and potentially even direct sales efforts by media owners. Its positioning would depend on its ability to secure advantageous rates from media owners, its client base, the specific types of media it specializes in, and its ability to offer value-added services or innovative solutions beyond pure arbitrage.

MOAT

For a company in the advertising trading sector, potential competitive advantages, though often challenging to establish as durable moats, could include:

Scale and Relationships: The ability to buy large volumes of advertising space at preferential rates due to long-standing relationships with media owners, and the capacity to service a diverse client base efficiently.

Data and Technology: While not explicitly stated, proprietary data analytics or ad-tech platforms that optimize media buying, audience targeting, and campaign effectiveness could provide an edge.

Market Niche/Specialization: Expertise in specific media types (e.g., outdoor, digital performance) or serving particular client segments could create a specialized advantage.

Operational Efficiency: Superior processes for media procurement, campaign management, and financial reconciliation, leading to better margins and client satisfaction.

However, the trading business inherently faces challenges in building deep moats, as services can often be commoditized, and strong relationships can be replicated over time.

Growth Drivers

Key factors that could drive growth for Aspire & Innovative Advertising Ltd. over the next 3-5 years include:

Overall Economic Growth in India: A robust economy typically leads to increased corporate advertising budgets.

Growth of the Indian Advertising Market: The continued expansion and evolution of the advertising industry, particularly the accelerating shift towards digital advertising.

Client Acquisition and Retention: Securing new advertisers and maintaining strong relationships with existing ones to ensure consistent demand for media inventory.

Expansion of Media Partnerships: Forging new alliances with media owners to access a broader range of inventory and better rates.

Adaptation to Digital Trends: Successfully integrating and scaling services related to programmatic advertising, data-driven campaigns, and new digital platforms.

Market Share Gains: Capturing business from competitors through competitive pricing, innovative solutions, or superior service.

Risks

Aspire & Innovative Advertising Ltd. faces several business risks:

Economic Downturn: A slowdown in economic growth can directly impact corporate advertising spending, leading to reduced demand and margin pressure.

Intense Competition: The fragmented nature of the advertising industry means fierce competition, potentially leading to price wars and squeezed profit margins.

Technological Disruption: Rapid advancements in ad-tech (e.g., programmatic platforms, AI-driven media buying) could disintermediate traditional media traders if the company fails to adapt.

Changing Media Consumption Habits: Shifts in audience behavior (e.g., cord-cutting, rise of new social platforms) require continuous adaptation of inventory acquisition and sales strategies.

Inventory Risk: The risk of pre-purchasing advertising inventory that cannot be sold or must be sold at a discount, leading to losses.

Client Concentration/Credit Risk: Over-reliance on a few large clients, or the risk of clients defaulting on payments, can impact financial stability.

Regulatory Changes: Evolving regulations regarding advertising content, data privacy, and digital marketing practices could necessitate operational adjustments.

Management & Ownership

Aspire & Innovative Advertising Ltd., like many Indian companies, is likely promoter-led, meaning the founding family or individuals maintain a significant ownership stake and active management control. While specific details on the quality of individual management members are not available without further information, promoter-led structures often prioritize long-term growth and stability but can also carry risks related to succession planning or potential conflicts of interest. The ownership structure would typically involve the promoter group holding a majority or substantial minority stake, with the remaining shares held by public shareholders, institutional investors, and other entities.

Outlook

Aspire & Innovative Advertising Ltd. operates in a promising, growing Indian advertising market, driven by economic expansion and increasing digital adoption. Its trading model positions it to capitalize on the demand for diverse media channels and potentially benefit from arbitrage opportunities. The company's future growth hinges on its ability to effectively navigate a competitive landscape, adapt to rapidly evolving media consumption patterns, and continuously innovate its offerings. The bull case suggests sustained growth through strong client acquisition, strategic media partnerships, and successful integration of new ad technologies. The bear case involves risks such as economic slowdowns impacting ad spend, intense price competition eroding margins, and the potential for technological disintermediation if the company fails to evolve with the broader ad-tech ecosystem. Success will depend on agile management, robust client relationships, and efficient media inventory management.

Aspire & Innovative Share Price

Live · NSE · Inception: 2017
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Aspire & Innovative Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Aspire & Innovative Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 108 255 346 384 167 176
Other Income 0 0 0 1 3 3
Total Income 108 256 346 385 170 179
Total Expenditure 105 249 338 371 164 174
Operating Profit 3 7 8 14 6 5
Interest 0 0 0 1 1 1
Depreciation 0 0 0 0 1 0
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 3 6 7 13 5 3
Provision for Tax 1 2 2 3 1 1
Profit After Tax 2 4 5 9 4 3
Adjustments 0 0 0 0 0 0
Profit After Adjustments 2 4 5 9 4 3
Adjusted Earnings Per Share 2.3 3.9 4.8 8.4 2.6 1.7

Aspire & Innovative Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 5 10 16 37 49 52
Minority's Interest 0 0 0 0 0 0
Borrowings 0 0 5 7 1 1
Other Non-Current Liabilities 0 0 0 -0 -0 -1
Total Current Liabilities 29 42 42 73 45 41
Total Liabilities 35 53 62 116 95 94
Fixed Assets 1 1 0 1 1 1
Other Non-Current Assets 1 1 4 7 12 3
Total Current Assets 34 51 58 107 81 90
Total Assets 35 53 62 116 95 94

Aspire & Innovative Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 3 9 5 13 17
Cash Flow from Operating Activities -3 7 -13 -7 1 -23
Cash Flow from Investing Activities 5 -2 2 -1 -0 -1
Cash Flow from Financing Activities 0 1 7 15 3 8
Net Cash Inflow / Outflow 2 5 -4 8 4 -16
Closing Cash & Cash Equivalent 3 9 5 13 17 1

Aspire & Innovative Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 2.26 3.94 4.78 8.38 2.56 1.69
CEPS(Rs) 2.43 4.28 5.04 8.67 2.9 1.99
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 5.16 9.18 13.96 22.34 32.04 33.73
Core EBITDA Margin(%) 3.01 2.6 2.14 3.34 2 1.13
EBIT Margin(%) 3.05 2.54 2.19 3.54 3.52 2.61
Pre Tax Margin(%) 2.97 2.4 2.08 3.3 3.03 1.95
PAT Margin (%) 2.11 1.71 1.54 2.43 2.33 1.45
Cash Profit Margin (%) 2.27 1.86 1.62 2.51 2.64 1.72
ROA(%) 6.53 9.94 9.18 10.42 3.68 2.71
ROE(%) 43.72 56.75 41.28 46.18 10.58 5.13
ROCE(%) 57.1 75.86 42.57 36.57 10.86 7.15
Receivable days 50.14 16.12 14.21 37.77 99.43 71.27
Inventory Days 43.92 29.6 29.75 26.09 53.28 36.16
Payable days 110.73 63.46 54.25 61.98 124.7 45.76
PER(x) 0 0 0 0 10.86 6.04
Price/Book(x) 0 0 0 0 0.87 0.3
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) -0.02 -0.02 0.01 0.03 0.21 0.18
EV/Core EBITDA(x) -0.75 -0.93 0.62 0.82 5.42 6.39
Net Sales Growth(%) 0 136.2 35.38 11.07 -56.52 5.56
EBIT Growth(%) 0 96.72 17.07 79 -56.73 -21.82
PAT Growth(%) 0 92.04 21.37 75.43 -58.26 -34.11
EPS Growth(%) 0 74.57 21.37 75.43 -69.45 -34.11
Debt/Equity(x) 0.11 0.11 0.57 0.53 0.19 0.35
Current Ratio(x) 1.15 1.2 1.39 1.47 1.83 2.18
Quick Ratio(x) 0.7 0.53 0.72 1.1 1.34 1.86
Interest Cover(x) 38.39 18.72 19.69 15.09 7.14 3.95
Total Debt/Mcap(x) 0 0 0 0 0.21 1.15

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +5% -20% +10% —
Operating Profit CAGR -17% -15% +11% —
PAT CAGR -25% -16% +8% —
Share Price CAGR -29% — — —
ROE Average +5% +21% +32% +34%
ROCE Average +7% +18% +35% +38%

Aspire & Innovative Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 72.35 %
FII 0 %
DII (MF + Insurance) 1.53 %
Public (retail) 26.12 %
# Sep 2024 Mar 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 72.3572.3572.3572.3572.3572.35
FII 0.0800000
DII 2.11.531.531.531.531.53
Public 25.4726.1226.1226.1226.1226.12
Others 000000
Total 100100100100100100

Aspire & Innovative Peer Comparison

Aspire & Innovative Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Aspire & Innovative Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Debtor days have improved from 124.7 to 45.76days.
  • Company is almost debt free.

Cons

  • The company has delivered a poor profit growth of 8% over past five years.
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