Ashnisha Industries Ltd - Stock Valuation and Financial Performance

BSE: 541702 | NSE: | Trading | Small Cap

Ashnisha Industries Share Price

6.09 -0.29 -4.55%
as on 28-Mar'24 16:01

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Ashnisha Industries stock performance -

mw4me loader
P/E Ratio (SA):
76.50
Market Cap:
61.5 Cr.
52-wk low:
6.1
52-wk high:
25.7

Is Ashnisha Industries Ltd an attractive stock to invest in?

1. Is Ashnisha Industries Ltd a good quality company?

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

2. Is Ashnisha Industries Ltd undervalued or overvalued?

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

3. Is Ashnisha Industries Ltd a good buy now?

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

10 Year X-Ray of Ashnisha Industries:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ashnisha Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0%-0.6%-2.6%-0.3%-0.2%-0.7%-3.6%3.5%-
Value Creation
Index
-1.0-1.1-1.2-1.0-1.0-1.1-1.3-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1.40.511.82.72.2006.59
Sales YoY Gr.--61.7%2,087%-77.3%-19.8%-100%NANA-
Adj EPS -0.1-0.3-0.1-0-0-0-00.10.1
YoY Gr.-NANANANANANANA-
BVPS (₹) 0.10.644440.42.42.4
Adj Net
Profit
00-0.200-0.1-0.50.71
Cash Flow from Ops. 00-11.62.4-0.30.3-1.6-10.7-
Debt/CF from Ops. 0-54.5-0.10.7-5.66.9-1.1-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-11.2%44.8%NA
Adj EPS NANANANA
BVPSNA-10.1%-16.1%507.7%
Share Price - 64.9% 145.8% -61.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-93.4-95.6-3.5-0.3-0.3-0.8-4.13.83.3
Op. Profit
Mgn %
-0.1-2.6-0.1-1.1-1.1002.19.2
Net Profit
Mgn %
-0.1-2.5-1.8-1.5-1.60010.39.2
Debt to
Equity
2226.777.50.10.10.10.10.20.1-
Working Cap
Days
06192081,6681,950001,149538
Cash Conv.
Cycle
041311,0671,21000160351

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.30%

Sales growth is growing at healthy rate in last 3 years 44.82%

Sales growth is good in last 4 quarters at 92.07%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Ashnisha Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 0.1
TTM Sales (₹ Cr.) 8.8 15.1
BVPS (₹.) 2.4 5.6
Reserves (₹ Cr.) 14 47
P/BV 2.50 1.08
PE 76.50 60.07
From the Market
52 Week Low / High (₹) 6.07 / 25.72
All Time Low / High (₹) 0.15 / 25.72
Market Cap (₹ Cr.) 61.5
Equity (₹ Cr.) 10.1
Face Value (₹) 1
Industry PE 76.7

Management X-Ray of Ashnisha Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ashnisha Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1.410.5411.812.682.15006.53
Operating Expenses 1.410.5611.822.712.180.080.636.39
Manufacturing Costs00.01000000
Material Costs1.400.5411.792.672.09006.21
Employee Cost 0000.010.010.010.090.01
Other Costs 00.010.030.020.080.070.540.17
Operating Profit 0-0.01-0.01-0.03-0.02-0.08-0.630.14
Operating Profit Margin (%) -0.1%-2.6%-0.1%-1.1%-1.1%--2.1%
Other Income 000.020000.500.66
Interest 00000000
Depreciation 000.010.010.010.0100
Exceptional Items 00-0.6600000
Profit Before Tax 0-0.01-0.66-0.04-0.03-0.09-0.140.80
Tax 00000000.13
Profit After Tax 0-0.01-0.66-0.04-0.03-0.09-0.140.67
PAT Margin (%) -0.1%-2.5%-5.6%-1.5%-1.6%--10.3%
Adjusted EPS (₹)-0.1-0.3-0.20.00.00.00.00.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 00.0312.1812.1412.1112.0211.8823.42
Share Capital 0.010.053.023.023.023.023.029.90
Reserves -0.01-0.029.169.129.0998.8613.52
Minority Interest00000000
Debt2.112.121.671.611.691.741.741.69
Long Term Debt2.112.121.671.601.661.661.661.66
Short Term Debt0000.010.040.080.080.03
Trade Payables1.470.301.531.241.621.311.317.94
Others Liabilities 000.010.740.510.020.030.27
Total Liabilities 3.592.4615.3915.7315.9415.0814.9533.31

Fixed Assets

Gross Block000.060.070.070.070.070.07
Accumulated Depreciation000.010.020.030.040.040.05
Net Fixed Assets000.050.050.040.030.020.02
CWIP 00000000
Investments 1.842.092.174.224.224.223.443.44
Inventories00000000
Trade Receivables1.480.3010.028.388.797.254.2111.07
Cash Equivalents 0.250.020.040.120.030.280.020.21
Others Assets0.020.053.122.952.863.307.2618.57
Total Assets 3.592.4615.3915.7315.9415.0814.9533.31

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-0.04-11.572.37-0.300.25-1.55-10.68
PBT 0-0.01-0.66-0.04-0.03-0.09-0.140.80
Adjustment 000.650.010.010.01-0.500
Changes in Working Capital 0-0.03-11.562.4-0.280.34-0.91-11.36
Tax Paid 0000000-0.13
Cash Flow From Investing Activity 0-0.25-0.77-2.06001.280
Capex 00-0.06-0.010000
Net Investments 0-0.25-0.71-2.05001.280
Others 00000000
Cash Flow From Financing Activity 00.0512.36-0.230.210010.87
Net Proceeds from Shares 000000010.87
Net Proceeds from Borrowing 00000000
Interest Paid 00.0412.8100000
Dividend Paid 00000000
Others 00.01-0.45-0.230.21000
Net Cash Flow 0-0.240.020.09-0.090.25-0.260.19
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-93.41-95.59-10.78-0.32-0.28-0.79-1.133.81
ROCE (%)-0.04-0.64-8.22-0.29-0.24-0.69-0.974.13
Asset Turnover Ratio0.390.181.320.170.14000.27
PAT to CFO Conversion(x)NANN/AN/AN/AN/AN/AN/A-15.94
Working Capital Days
Receivable Days3835971601,2551,45700427
Inventory Days00000000
Payable Days3845982818925000272

Ashnisha Industries Ltd Stock News

Ashnisha Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashnisha Industries on 28-Mar-2024 16:01 is ₹6.09.
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 28-Mar-2024 16:01 the market cap of Ashnisha Industries stood at ₹61.51.
The latest P/E ratio of Ashnisha Industries as of 28-Mar-2024 16:01 is 76.50.
The latest P/B ratio of Ashnisha Industries as of 28-Mar-2024 16:01 is 2.50.
The 52-week high of Ashnisha Industries is ₹25.72 and the 52-week low is ₹6.07.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashnisha Industries is ₹8.80 ( Cr.) .

About Ashnisha Industries Ltd

Ashnisha Industries Limited is an Indian Public Limited Company, primarily engaged in the business of manufacturing and trading of Steel and Steel alloys. The Company also operates into the Trading and Investment Business. The company was formerly known as Ashnisha Alloys Limited.

Business area of the company

The company is engaged in the business of trading of various steel products and trading of goods.

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