Trading · Founded 1990 · www.atharventerprises.biz/home · BSE 530187 · · ISIN INE354E01031
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Business
Atharv Enterprises Ltd. operates in the Trading sector in India. As a trading company, its core business model typically involves buying various goods, commodities, or securities and reselling them to generate a profit margin. This can include sourcing products from manufacturers or suppliers and distributing them to other businesses or end-users, or engaging in arbitrage opportunities. The company makes money through the difference between its purchase price and sales price, or by providing intermediary services for a fee. Given the generic nature of "Trading," Atharv Enterprises could be involved in a wide range of products or financial instruments.
Revenue Mix
Detailed segment breakdown or revenue mix information is not available. Based on its declared sector and industry, Atharv Enterprises Ltd. primarily operates within a single overarching trading segment. Without further data, it's not possible to specify if it focuses on particular types of goods (e.g., agricultural, industrial, consumer goods) or financial instruments.
Industry
The trading industry in India is diverse, encompassing everything from small local traders to large multinational conglomerates involved in commodities, financial instruments, or specific manufactured goods. It is generally characterized by high competition, low barriers to entry in many sub-segments, and sensitivity to economic cycles and supply chain dynamics. Given the limited public information, Atharv Enterprises Ltd. likely operates within a competitive environment, potentially focusing on niche markets, specific geographic regions, or particular types of goods where it can leverage its network and expertise. Its positioning relative to larger, more established trading houses would likely be as a smaller player, possibly specializing or acting opportunistically.
MOAT
For a general trading company like Atharv Enterprises Ltd., durable competitive advantages (moats) are often difficult to establish and maintain, especially without significant scale, specialized expertise, or proprietary assets. Potential moats could include:
Network Effects: Strong, long-standing relationships with specific suppliers or buyers that are hard to replicate.
Efficient Logistics/Supply Chain: Superior ability to source, store, and transport goods at a lower cost or with greater reliability than competitors.
Information Advantage: Proprietary insights into market demand/supply, pricing, or regulatory changes in specific trading areas.
Capital Scale: Significant capital base enabling large-volume trades or ability to withstand market volatility.
Given the limited information, it is difficult to ascertain if Atharv Enterprises possesses any significant, sustainable competitive advantages. It likely relies more on operational efficiency, market responsiveness, and relationship management.
Growth Drivers
Key factors that could drive growth for Atharv Enterprises Ltd. over the next 3-5 years include:
Economic Growth: A growing Indian economy generally increases demand for goods and commodities, boosting trading volumes.
Market Expansion: Venturing into new product categories, geographical regions, or international markets.
Strategic Partnerships: Forming alliances with producers or distributors to gain exclusive access to products or markets.
Digitalization & E-commerce: Adoption of technology to streamline trading processes, enhance market reach, and reduce operational costs.
Supply Chain Optimization: Improving efficiency in sourcing, logistics, and inventory management to enhance margins.
Risks
Key business risks for Atharv Enterprises Ltd. include:
Commodity Price Volatility: Fluctuations in prices of traded goods can significantly impact margins and inventory values.
Economic Downturns: Recessions or slowdowns can reduce demand for goods, affecting trading volumes and profitability.
Intense Competition: The presence of numerous players can lead to pricing pressures and reduced market share.
Regulatory Changes: New trade policies, tariffs, import/export restrictions, or taxation changes can impact operations and costs.
Supply Chain Disruptions: Issues like natural disasters, geopolitical events, or logistics failures can halt trade and lead to losses.
Credit Risk: Exposure to counterparty default risk from buyers or suppliers.
Liquidity Risk: Dependence on timely payments and access to credit lines to manage working capital for large-volume trades.
Management & Ownership
Specific details regarding the promoters, management team, and detailed ownership structure are not available from the given information. As is common for many Indian enterprises, it is likely promoter-led, where the founding family or individuals retain significant control and influence over strategic and operational decisions. The quality of management would depend on their experience, ability to navigate market cycles, manage risk, and build strong supplier/customer relationships within the trading sector.
Outlook
Atharv Enterprises Ltd., operating in the general trading sector, presents a mixed outlook. On the bullish side, a growing Indian economy and increasing domestic consumption or industrial activity could provide a conducive environment for expanding trading volumes and opportunities. The company could leverage its market understanding and network to capitalize on specific arbitrage situations or supply-demand gaps. Potential for growth also exists through strategic diversification into higher-margin products or expanding its geographical footprint.
However, the bearish case highlights the inherent challenges of the trading industry. It is highly susceptible to commodity price volatility, intense competition, and broader economic cycles. Margins can often be thin, requiring high volumes and efficient operations to maintain profitability. Without significant competitive advantages like unique supply chain access or proprietary technology, the company might struggle to differentiate itself and sustain long-term growth against larger or more specialized competitors. Regulatory changes and global trade dynamics also pose ongoing risks that could impact its business model. The absence of detailed financial and operational data makes it difficult to assess its specific resilience and growth trajectory.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 |
| Other Income | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 |
| Total Income | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Expenditure | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | 0 | 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 | 5 | 5 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 11 | 3 | 2 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 |
| Total Income | 5 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 11 | 3 | 4 |
| Total Expenditure | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 11 | 3 | 4 |
| 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 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -73% | 44% | 0% | -5% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 28% | 22% | 23% | -19% |
| ROE Average | 1% | 1% | 1% | 1% |
| ROCE Average | 1% | 1% | 1% | 1% |
| #(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 | 19 | 19 | 19 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 5 | 8 | 4 | 4 | 0 | 0 | 0 | 1 | 10 | 13 | 16 |
| Total Liabilities | 24 | 27 | 25 | 24 | 20 | 21 | 20 | 21 | 30 | 33 | 36 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6 | 8 | 8 | 6 | 16 | 16 | 15 | 18 | 7 | 10 | 9 |
| Total Current Assets | 17 | 19 | 17 | 17 | 4 | 4 | 5 | 3 | 23 | 22 | 27 |
| Total Assets | 24 | 27 | 25 | 24 | 20 | 21 | 20 | 21 | 30 | 33 | 36 |
| #(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 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -3 | -3 | -1 | 4 | -3 | -2 | -0 | 3 | 3 | -2 | 2 |
| Cash Flow from Investing Activities | 1 | 3 | -1 | 1 | 3 | 1 | 1 | -2 | -3 | 2 | -2 |
| Cash Flow from Financing Activities | 1 | 1 | 1 | 0 | -0 | 0 | -0 | -1 | -0 | -0 | 0 |
| Net Cash Inflow / Outflow | -0 | 1 | -1 | 4 | -0 | 0 | 1 | -1 | -0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 0 | 4 | 0 | 0 | 1 | 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) | 0.18 | 0.1 | 0.12 | 0.08 | 0.01 | 0 | 0 | 0.02 | 0.06 | 0.11 | 0.11 |
| CEPS(Rs) | 0.22 | 0.14 | 0.15 | 0.1 | 0.04 | 0.03 | 0.01 | 0.02 | 0.08 | 0.13 | 0.14 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 11.18 | 11.28 | 11.41 | 11.48 | 11.49 | 11.5 | 11.48 | 11.5 | 11.57 | 11.68 | 11.79 |
| Core EBITDA Margin(%) | 9.84 | 7.19 | 33.58 | 28.7 | -36.11 | -126.08 | 15.71 | 15.53 | 7.55 | 2.03 | 9.45 |
| EBIT Margin(%) | 8.25 | 5.73 | 30.71 | 25.11 | 16.85 | 24.97 | 13.01 | 15.27 | 8.06 | 2.42 | 8.57 |
| Pre Tax Margin(%) | 8.07 | 5.64 | 26.91 | 16.21 | 4.18 | 1.46 | 0.75 | 6.94 | 6.2 | 2.25 | 7.96 |
| PAT Margin (%) | 6.46 | 3.69 | 15.96 | 10.94 | 3.09 | 1.08 | 0.56 | 5.14 | 4.6 | 1.67 | 5.97 |
| Cash Profit Margin (%) | 8.1 | 5.15 | 19.27 | 14.53 | 9.85 | 12.68 | 3.26 | 5.39 | 5.67 | 2.01 | 7.45 |
| ROA(%) | 1.35 | 0.66 | 0.81 | 0.53 | 0.1 | 0.02 | 0.02 | 0.18 | 0.42 | 0.59 | 0.56 |
| ROE(%) | 1.58 | 0.88 | 1.09 | 0.67 | 0.11 | 0.02 | 0.02 | 0.19 | 0.55 | 0.93 | 0.96 |
| ROCE(%) | 2.02 | 1.37 | 2.05 | 1.46 | 0.57 | 0.47 | 0.42 | 0.56 | 0.95 | 1.33 | 1.35 |
| Receivable days | 100.34 | 328.39 | 1107.44 | 536.02 | 346.17 | 128.01 | 0 | 0 | 686.18 | 211.12 | 850.55 |
| Inventory Days | 34.43 | 35.44 | 127.7 | 142.51 | 244.37 | 443.76 | 257.98 | 227.75 | 122.67 | 30.91 | 72.74 |
| Payable days | 301.01 | 659.8 | 0 | 0 | 0 | 0 | 0 | 0 | 2282.68 | 480.26 | 0 |
| PER(x) | 108.26 | 303.03 | 254.34 | 89.34 | 144.43 | 162.5 | 312.86 | 127.23 | 43.01 | 19.34 | 25.71 |
| Price/Book(x) | 1.7 | 2.66 | 2.76 | 0.59 | 0.16 | 0.03 | 0.06 | 0.25 | 0.24 | 0.18 | 0.25 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 6.98 | 11.02 | 41.21 | 10.4 | 5.37 | 3.71 | 1.85 | 6.96 | 2.11 | 0.34 | 1.66 |
| EV/Core EBITDA(x) | 70.55 | 153.05 | 121.14 | 36.23 | 22.74 | 10.13 | 11.76 | 44.84 | 23.06 | 12.36 | 16.47 |
| Net Sales Growth(%) | -19.15 | -1.05 | -71.16 | -10.39 | -41.68 | -44.93 | 72.01 | 13.27 | 218.07 | 369.89 | -70.84 |
| EBIT Growth(%) | -27.92 | -31.22 | 54.45 | -26.72 | -60.86 | -18.4 | -10.39 | 32.96 | 67.9 | 41.28 | 3.17 |
| PAT Growth(%) | -2.97 | -43.51 | 24.85 | -38.54 | -83.54 | -80.79 | -11.06 | 944.33 | 184.85 | 70.54 | 4.22 |
| EPS Growth(%) | -3.03 | -43.59 | 25.1 | -38.54 | -83.54 | -80.85 | -10.77 | 945.98 | 184.38 | 70.49 | 4.24 |
| Debt/Equity(x) | 0 | 0.01 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.02 | 0.02 | 0.01 | 0.04 |
| Current Ratio(x) | 3.45 | 2.43 | 3.74 | 4.9 | 36.11 | 23.51 | 246.54 | 2.36 | 2.35 | 1.78 | 1.72 |
| Quick Ratio(x) | 3.36 | 2.37 | 3.64 | 4.77 | 32.01 | 21.04 | 223.99 | 2 | 2.24 | 1.72 | 1.68 |
| Interest Cover(x) | 45.81 | 59.57 | 8.08 | 2.82 | 1.33 | 1.06 | 1.06 | 1.83 | 4.33 | 14.11 | 13.96 |
| Total Debt/Mcap(x) | 0 | 0 | 0.02 | 0.07 | 0.21 | 1.17 | 0.7 | 0.09 | 0.08 | 0.07 | 0.15 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -73% | +44% | — | -5% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +28% | +22% | +23% | -19% |
| ROE Average | +1% | +1% | +1% | +1% |
| ROCE Average | +1% | +1% | +1% | +1% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.83 | 92.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 | 1.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
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