Is Ashima Ltd (ASHIMASYN) a good quality company?

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

Is Ashima Ltd (ASHIMASYN) undervalued or overvalued?

The key valuation ratios of Ashima Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Ashima Ltd (ASHIMASYN) share price return in the past 10 years?

Ashima Ltd share price has appreciated 1.7% annually (CAGR) over the past ten years.

Is Ashima Ltd (ASHIMASYN) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ashima Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Ashima Ltd (ASHIMASYN)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ashima Ltd (ASHIMASYN) on 10-Apr-2026 16:59:59 at 16:59 is 14.18.

What is the market cap of Ashima Ltd (ASHIMASYN)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Ashima stood at Rs. 271.77 Cr.

What is the P/E ratio of Ashima?

The latest standalone P/E ratio of Ashima as of 10-Apr-2026 is 0.00.

What is the P/B ratio of Ashima Ltd (ASHIMASYN)?

The latest standalone P/B ratio of Ashima Ltd (ASHIMASYN) as of 10-Apr-2026 is 0.94.

What is the 52-week high and low of Ashima Ltd (ASHIMASYN)?

The 52-week high of Ashima Ltd (ASHIMASYN) is Rs. 36.32 and the 52-week low is Rs. 11.30.

What is the TTM revenue of Ashima Ltd (ASHIMASYN)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashima is Rs. 7.23 (Cr.).

Ashima Ltd (ASHIMASYN) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Ashima Ltd (ASHIMASYN)
Brand: Ashima

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-7.7%	31.9%	82.8%	18.3%	-0.5%	1.8%	11.8%	-2.2%	21%	1.6%	-
Value Creation Index ⓘ	NA	1.3	4.9	0.3	-1.0	-0.9	-0.2	-1.2	0.5	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	213	193	230	336	285	104	208	207	89.6	10.4	7
Sales YoY Gr.	-	-9.5%	19.2%	46%	-15%	-63.6%	100.5%	-0.5%	-56.7%	-88.4%	-
Adj EPS ⓘ	-6.9	-0.7	1.9	1.2	-1	0.1	0	-0.5	3.6	0	-0.2
YoY Gr.	-	NA	NA	-39.8%	-188.7%	NA	-75%	-1600%	NA	-98.9%	-
BVPS (₹) ⓘ	-47.2	4.2	12.5	24.4	15.8	11	11.9	11.5	16.5	15.6	15.1
Adj Net Profit ⓘ	-23	-8.7	24.5	10.7	-5.4	2.4	0.7	-8.7	69.2	0.7	-4
Cash Flow from Ops. ⓘ	7	-12.4	-8.4	-25.5	3.9	-8	-26.4	-23.9	-38.5	-19.4	-
Debt/CF from Ops. ⓘ	22.1	-6.3	-3.4	-1.1	6.5	-2.8	-0.7	-1.4	-3.2	-6.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-28.5%	-48.4%	-63.2%	-88.4%
Adj EPS ⓘ	NA	NA	10.1%	-98.9%
BVPSⓘ	NA	-0.2%	9.5%	-5.8%
Share Price	1.7%	-2.4%	0.6%	-32.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	18.4	-23.8	22.9	5.5	-2.4	1.1	0.3	-3.9	25.8	0.2	-1.4
Op. Profit Mgn % ⓘ	-3.3	-6	-4.8	-1	-1.3	-2.7	-3.1	-2.4	80.5	54.1	-84.5
Net Profit Mgn % ⓘ	-10.8	-4.5	10.7	3.2	-1.9	2.3	0.3	-4.2	77.2	6.8	-55.7
Debt to Equity ⓘ	-1.1	1.5	0.2	0.1	0.3	0.1	0.1	0.2	0.4	0.4	-
Working Cap Days ⓘ	206	132	165	160	166	346	191	240	797	8,799	13,683
Cash Conv. Cycle ⓘ	60	47	46	39	43	108	75	103	-103	5,245	10,485

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -63.16%

Sales growth is not so good in last 4 quarters at -70.16%

	Standalone	Consolidated
TTM EPS (₹)	-0.2	-0.5
TTM Sales (₹ Cr.)	7.2	8.4
BVPS (₹) ⓘ	15.1	15.2
Reserves (₹ Cr.) ⓘ	98	99
P/BV ⓘ	0.94	0.94
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	11.30 / 36.32
All Time Low / High (₹)	1.56 / 77.66
Market Cap (₹ Cr.)	272
Equity (₹ Cr.)	191.7
Face Value (₹)	10
Industry PE ⓘ	45.2

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	213	193	230	336	285	104	208	207	90	10
Operating Expenses ⓘ +	221	206	241	340	289	107	215	212	18	6
Manufacturing Costs	70	61	77	98	77	24	52	51	0	0
Material Costs	97	96	120	171	150	55	124	119	9	-1
Employee Cost	40	36	34	52	45	20	29	32	5	3
Other Costs ⓘ	14	13	10	19	17	7	10	10	4	4
Operating Profit ⓘ	-8	-13	-11	-4	-4	-3	-6	-5	72	4
Operating Profit Margin (%)	-3.7%	-6.6%	-4.9%	-1.3%	-1.3%	-2.8%	-3.1%	-2.4%	80.3%	42.8%
Other Income ⓘ +	0	0	3	18	8	11	2	4	2	3
Exceptional Items ⓘ	0	53	145	32	0	0	36	-0	0	0
Interest ⓘ	12	9	7	8	2	2	2	2	4	7
Depreciation ⓘ	4	3	4	6	5	3	3	4	1	1
Profit Before Tax ⓘ	-24	28	126	33	-3	2	26	-8	69	-0
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-24	27	126	33	-3	2	26	-8	69	-0
PAT Margin (%)	-11.1%	14.1%	55.0%	9.8%	-1.2%	2.2%	12.4%	-3.7%	77.0%	-1.2%
Adjusted EPS (₹)	-7.1	2.1	9.9	3.5	-0.6	0.1	1.4	-0.4	3.6	-0.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

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 +	-61	54	160	227	84	210	227	220	317	299
Share Capital ⓘ	54	128	128	93	53	192	192	192	192	192
Reserves ⓘ	-115	-75	32	134	31	19	36	29	125	107
Debt +	156	78	27	25	22	19	15	33	111	121
Long Term Debt	61	74	24	25	22	19	15	33	111	121
Short Term Debt	94	4	3	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	32	27	45	54	39	21	42	29	43	5
Others Liabilities ⓘ	97	39	23	15	154	21	34	38	27	27
Total Liabilities ⓘ	223	198	256	321	298	270	319	320	498	452
Fixed Assets
Net Fixed Assets ⓘ +	157	121	105	137	139	134	117	134	131	47
Gross Block	274	232	218	314	320	317	239	260	257	65
Accumulated Depreciation	117	111	113	178	181	182	122	126	126	18
CWIP ⓘ	0	0	0	0	1	1	8	4	7	0
Investments ⓘ	0	0	0	15	16	3	13	15	31	37
Inventories	47	44	57	73	58	37	77	80	187	201
Trade Receivables	8	8	15	25	16	14	22	15	37	4
Cash Equivalents	12	12	8	17	17	53	27	27	70	89
Others Assets ⓘ	-1	13	70	54	50	29	55	45	34	74
Total Assets ⓘ	223	198	256	321	298	270	319	320	498	452

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 ⓘ +	7	-12	-8	-26	4	-8	-26	-24	-39	-19
PBT ⓘ	-24	-25	-19	0	-3	-12	-15	-7	61	-2
Adjustment ⓘ	17	13	9	-3	2	-0	3	-3	-6	-14
Changes in Working Capital ⓘ	14	0	3	-22	5	3	-14	-16	-94	-2
Tax Paid ⓘ	-0	-1	-1	-1	0	1	0	2	-1	-1
Cash Flow From Investing Activity ⓘ +	-6	67	70	55	13	-7	37	16	-3	23
Capex	1	74	62	56	14	10	14	3	-4	48
Net Investments	0	0	7	-15	-3	-24	22	11	-2	-23
Others ⓘ	-7	-7	0	14	2	7	1	2	2	-2
Cash Flow From Financing Activity ⓘ	-4	-63	-58	-24	-20	13	-6	13	86	-10
Net Proceeds from Shares ⓘ +	20	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	11	-50	-3	-3	-4	-4	17	77	10
Interest Paid ⓘ	-4	-9	-6	-7	-1	-2	-1	-1	-4	-7
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-20	-65	-1	-14	-15	19	-0	-3	13	-13
Net Cash Flow ⓘ	-3	-8	4	6	-2	-2	6	5	44	-6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	0	118.13	16.94	-2.18	1.52	11.82	-3.44	25.71	-0.04
ROCE (%)	N/A	31.9	82.79	18.33	-0.54	1.83	11.78	-2.19	20.98	1.55
Asset Turnover Ratio	0.78	0.91	1.01	1.17	0.98	0.38	0.73	0.67	0.22	0.02
PAT to CFO Conversion(x)	N/A	-0.44	-0.06	-0.79	N/A	-4	-1	N/A	-0.57	N/A
Working Capital Days
Receivable Days	34	15	19	22	25	52	31	31	105	721
Inventory Days	81	86	81	71	79	161	96	134	544	6,816
Payable Days	123	112	110	106	112	198	93	110	1,458	0

About Ashima Ltd

Ashima, an Ashima group company, was incorporated as a private company in 1982 in Gujarat and was subsequently converted into a public company on August 26, 1988. It is engaged in the business of textiles. The chairman and managing director of the company is Chintan N. Parikh. The other key executives of the company are AtulKumar Singh, Hiren Mahadevia and Shrikant Pareek. The registered office of ASHIMA is at Texcellence Complex, Khokhra Mehmedabad, Ahmedabad - 380 021. INDIA.

Ashima engages in the manufacture and sale of textile and related products in India. It offers fabrics, denims, cotton yarns, and shirting products.ASHIMA manufactures product groups like denim, high value yarn dyed shirting and attires. The product range of the company includes open end and ring spun denim It offers 10.5 million meters per annum of denim fabrics in 100% cotton for jeans, shorts and jackets, casual shirts, and kids wear. Ashima also offers fully bleached white, piece-dyed and yarn-dyed shirtings; PFD; piece-dyed and yarn-dyed bottom weights; tubular, open-width and piece-dyed mercerized knitted fabrics etc.

Its plants are located at Mehsana and Ahmedabad in Gujarat. The installed capacities of Ashima are 174,647 spindles, 2,800 rotors, 1,872 looms, 17 million meters of cloth processing and 2,139.05 MT of yarn/fabric processing per annum. Ashima is the first textile company to adopt and get certified for integrated quality and environmental management system ISO 9001:2000 and ISO 14001:2004.

Ashima markets its products under the brand names Frank Jefferson and Icon. It exports its products to more than 45 countries. The company has two subsidiary companies, namely Ashim Cotton and Ashim Textiles Inc., USA.

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Ashima Ltd (ASHIMASYN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ashima Share Price