What is Ashoka Refineries Ltd (526983) share price return in the past 10 years?

Ashoka Refineries Ltd share price has appreciated 0.6% annually (CAGR) over the past ten years.

What is the share price of Ashoka Refineries Ltd (526983)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ashoka Refineries Ltd (526983) on 01-Jun-2026 16:59:59 at 16:59 is 14.04.

What is the P/E ratio of Ashoka Refineries?

The latest standalone P/E ratio of Ashoka Refineries as of 01-Jun-2026 is 0.00.

What is the P/B ratio of Ashoka Refineries Ltd (526983)?

The latest standalone P/B ratio of Ashoka Refineries Ltd (526983) as of 01-Jun-2026 is 1.97.

What is the 52-week high and low of Ashoka Refineries Ltd (526983)?

The 52-week high of Ashoka Refineries Ltd (526983) is Rs. 14.15 and the 52-week low is Rs. 11.79.

Ashoka Refineries Ltd (526983) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Ashoka Refineries Ltd (526983)
Brand: Ashoka Refineries

Ashoka Refineries Ltd (526983)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526983 NSE: Solvent Extraction | Small Cap | Ashoka Refineries Share Price

Ashoka Refineries Ltd (526983)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526983 NSE: Solvent Extraction | Small Cap | Ashoka Refineries Share Price

Key Metrics

Valuation Multiples

Market Cap

₹5 Cr.

Current Price

₹14

52-Week Low / High

₹12 / 14

TTM EPS

₹-0.5

TTM Sales

₹0 Cr.

Book Value per Share

₹7.1

P/E Ratio

0.00

Lower than its 5-year historical median

Industry PE

27.7

Price to Book (P/B)

1.97

Higher than its 5-year historical median

Price to Sales (P/S)

132.67

Higher than its 5-year historical median

EV/EBITDA

-30.98

Lower than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

-6.28%

Underperforms industry median

Return on Capital Employed (ROCE)

-5.93%

Underperforms industry median

Return on Assets (ROA)

-5.96%

Operating Profit Margin

-53.1%

Net Profit Margin

-53.22%

Gross Profit Margin

-53.2%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-79.05%

Operating Profit Growth (1 Year)

Net Profit Growth (1 Year)

-950%

Asset Quality

Promoter Holding

32.94%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹-1 Cr.

Equity

₹3.4 Cr.

Face Value

₹10

All Time Low / High

₹0.50 / 100.00

Ashoka Refineries stock performance

Key Ratios

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ashoka Refineries Ltd a good quality company?

Ashoka Refineries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Ashoka Refineries Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Ashoka Refineries Ltd vs industry peers?

Ashoka Refineries Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.

Q.1 Promoter shareholding and pledge status of Ashoka Refineries Ltd?

Promoters hold 32.94% of the Ashoka Refineries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Ashoka Refineries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 0.6% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-3%	-6.4%	-1%	0.3%	-2%	0.4%	7.9%	4%	0.9%	-5.9%	-
Value Creation Index ⓘ	-1.2	-1.5	-1.1	-1.0	-1.1	-1.0	-0.4	-0.7	-0.9	-1.4	-
Growth Parameters ⓘ
Sales ⓘ	0	0	0	0	0	0.8	2.3	1.9	1.5	0.3	0
Sales YoY Gr.	-	NA	NA	NA	NA	NA	208%	-17.3%	-22.5%	-79.1%	-
Adj EPS ⓘ	-0.2	-0.3	-0	0	-0.1	0	0.5	0.3	0.1	-0.5	-0.5
YoY Gr.	-	NA	NA	NA	-1200%	NA	2600%	-51.9%	-80.8%	-1080%	-
BVPS (₹) ⓘ	4.8	2.2	2.2	4.5	5.4	5.8	7.1	8	8	7.6	7.1
Adj Net Profit ⓘ	-0.1	-0.1	-0	0	-0	0	0.2	0.1	0	-0.2	-0
Cash Flow from Ops. ⓘ	-0	0	-0.1	-0.1	0.3	-0	-0.3	-0	-1.5	0.3	-
Debt/CF from Ops. ⓘ	-6.3	4.1	-2.1	-1.7	0.5	-4.1	-0.5	-36.6	-0.1	0.6	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	-48.8%	-79.1%
Adj EPS ⓘ	NA	NA	-196.8%	-1080%
BVPSⓘ	5.1%	7.2%	2.3%	-5.4%
Share Price	0.6%	21.2%	37.6%	9.2%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-3.3	-7.1	-1.2	0.3	-2.2	0.4	8.4	3.4	0.6	-6.3	-6.3
Op. Profit Mgn % ⓘ	0	0	0	0	0	-1.9	6.8	3.9	-1	-53.1	-238.4
Net Profit Mgn % ⓘ	0	0	0	0	0	1.1	7.9	4.7	1.1	-53.2	-391
Debt to Equity ⓘ	0.1	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Working Cap Days ⓘ	0	0	0	0	0	255	138	240	475	2,615	478
Cash Conv. Cycle ⓘ	0	0	0	0	0	5	35	97	152	362	326

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	0	0	0	0	0	0.75	2.31	1.91	1.48	0.31
Operating Expenses ⓘ +	0.05	0.10	0.07	0.08	0.17	0.76	2.16	1.83	1.50	0.48
Manufacturing Costs	0	0	0	0	0	0	0	0	0	0
Material Costs	0	0	0	0	0	0.66	2.05	1.68	1.33	0.29
Employee Cost	0.02	0.02	0.02	0.02	0.02	0.04	0.04	0.08	0.09	0.12
Other Costs ⓘ	0.04	0.08	0.05	0.06	0.15	0.06	0.07	0.07	0.08	0.08
Operating Profit ⓘ	-0.05	-0.10	-0.07	-0.08	-0.17	-0.01	0.16	0.07	-0.01	-0.17
Operating Profit Margin (%)	-	-	-	-	-	-1.9%	6.8%	3.9%	-1.0%	-53.1%
Other Income ⓘ +	0	0.02	0.06	0.08	0.13	0.02	0.03	0.04	0.04	0
Exceptional Items ⓘ	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
Profit Before Tax ⓘ	-0.05	-0.09	-0.01	0	-0.04	0.01	0.19	0.11	0.02	-0.17
Tax ⓘ	0	0	0	0	-0	0	0	0.02	0.01	0
Profit After Tax	-0.05	-0.09	-0.01	0	-0.04	0.01	0.18	0.09	0.02	-0.17
PAT Margin (%)	-	-	-	-	-	1.1%	7.9%	4.7%	1.1%	-53.2%
Adjusted EPS (₹)	-0.2	-0.3	-0.0	0.0	-0.1	0.0	0.5	0.3	0.1	-0.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Ashoka Refineries - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1.65	0.75	0.74	1.52	1.83	1.96	2.42	2.73	2.73	2.58
Share Capital ⓘ	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40	3.40
Reserves ⓘ	-1.76	-2.65	-2.66	-1.89	-1.58	-1.44	-0.99	-0.67	-0.67	-0.82
Debt +	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Long Term Debt	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.01	0.02	0.08	0	0.01	0.19	0.25	0.44	0	0
Others Liabilities ⓘ	0.51	0.42	0.45	0.34	-0.26	-0.20	-0.24	0.23	-0	-0.01
Total Liabilities ⓘ	2.32	1.34	1.42	2	1.73	2.10	2.57	3.55	2.88	2.72
Fixed Assets
Net Fixed Assets ⓘ +	0	0	0	0	0	0	0	0	0	0
Gross Block	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	1.14	0.43	0.43	1.20	1.27	1.42	1.42	1.92	0.38	0.40
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	0	0	0	0	0	0.24	0.69	1.07	0.63	0
Cash Equivalents	0.09	0.04	0.03	0.02	0.06	0.04	0.04	0.23	0.04	0.30
Others Assets ⓘ	1.09	0.87	0.95	0.78	0.40	0.40	0.42	0.33	1.84	2.03
Total Assets ⓘ	2.32	1.34	1.42	2	1.73	2.10	2.57	3.55	2.88	2.72

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0.02	0.04	-0.07	-0.09	0.29	-0.04	-0.31	-0	-1.53	0.26
PBT ⓘ	-0.05	-0.09	-0.01	0	-0.04	0.01	0.19	0.11	0.02	-0.17
Adjustment ⓘ	0	-0.02	-0.06	-0.08	-0.05	-0.02	-0.03	-0.03	-0.04	0
Changes in Working Capital ⓘ	0.03	0.14	-0	-0.01	0.38	-0.02	-0.47	-0.06	-1.51	0.42
Tax Paid ⓘ	0	0	0	-0	0	0	-0	-0.02	-0.01	0
Cash Flow From Investing Activity ⓘ +	0.10	-0.10	0	0	0	0	0.29	0.16	1.30	0
Capex	0	0	0	0	0	0	0	0	0	0
Net Investments	0.10	-0.10	0	0	0	0	0.29	0.16	1.30	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	-0	0.02	0.06	0.08	-0.26	0.02	0.03	0.03	0.04	-0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-0.31	0	0	0	0	0
Interest Paid ⓘ	-0	-0	0	-0	-0	-0	-0	-0	-0	-0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0.02	0.06	0.08	0.05	0.02	0.03	0.03	0.04	0
Net Cash Flow ⓘ	0.08	-0.05	-0.01	-0.01	0.03	-0.01	0	0.19	-0.19	0.26

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-3.28	-7.27	-1.23	0.27	-2.15	0.43	8.4	3.44	0.62	-6.28
ROCE (%)	-3.01	-6.38	-1.02	0.33	-1.99	0.43	7.94	4.04	0.89	-5.93
Asset Turnover Ratio	0	0	0	0	0	0.39	0.99	0.62	0.46	0.11
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	-4	-1.72	-0	-76.5	N/A
Working Capital Days
Receivable Days	0	0	0	0	0	117.40	73.30	168.10	208.30	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	56.40	38.70	74.80	60.90	2.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ashoka Refineries Ltd FAQs

The current trading price of Ashoka Refineries on 01-Jun-2026 16:59 is ₹14.04.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-May-2026 the market cap of Ashoka Refineries stood at ₹4.78 Cr

The latest P/E ratio of Ashoka Refineries as of 31-May-2026 is 0.00.

The latest P/B ratio of Ashoka Refineries as of 31-May-2026 is 1.97.

The 52-week high of Ashoka Refineries is ₹14.15 and the 52-week low is ₹11.79.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashoka Refineries is ₹0.04 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashoka Refineries Ltd is a below average quality company.

The key valuation ratios of Ashoka Refineries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashoka Refineries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ashoka Refineries Ltd

Ashoka Refineries was incorporated in the year 1991. The registered office of the company is located at Shyam Complex, Ramsagar Para, Raipur, Chattisgarh. The directors of the company are Sudhir Dixit, Ravi Kamra, Shabbir Memon and Deepak Tyagi.

The company has business interests in the solvent extraction sector. The company has its manufacturing unit at Rajpur in Madhya Pradesh.

For not complying with the listing agreement clauses the company was suspended for trading since January 07, 2002.

Ashoka Refineries Ltd (526983)

Ashoka Refineries Ltd (526983)

Ashoka Refineries stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Ashoka Refineries - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ashoka Refineries Ltd FAQs

About Ashoka Refineries Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Ashoka Refineries Ltd (526983)

Ashoka Refineries Ltd (526983)

Ashoka Refineries stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Ashoka Refineries - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ashoka Refineries Ltd FAQs

What is the share price of Ashoka Refineries?

What is the market cap of Ashoka Refineries?

What is the P/E ratio of Ashoka Refineries?

What is the P/B ratio of Ashoka Refineries?

What is the 52-week high and low of Ashoka Refineries?

What is the TTM revenue of Ashoka Refineries?

Is Ashoka Refineries Ltd a good quality company?

Is Ashoka Refineries Ltd undervalued or overvalued?

Is Ashoka Refineries Ltd a good buy now?

About Ashoka Refineries Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.