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Asahi Industries Ltd (514482)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514482 NSE: Textile - Spinning | Small Cap | Asahi Inds. Share Price

₹5.09 0.00 (0.00%)

As on 06-Feb'23 18:01

Asahi Industries Ltd (514482)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514482 NSE: Textile - Spinning | Small Cap | Asahi Inds. Share Price

₹5.09 0.00 (0.00%)

As on 06-Feb'23 18:01

Key Metrics
Valuation Multiples
Market Cap
₹34 Cr.
Current Price
₹5.1
52-Week Low / High
₹5 / 5
TTM EPS
₹-0.4
TTM Sales
₹0 Cr.
Book Value per Share
₹-3.3
P/E Ratio
0.00
Industry PE
21.5
Price to Book (P/B)
-1.55
In line with its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
-215.87
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
In line with industry median
Return on Capital Employed (ROCE)
-4.68%
Underperforms industry median
Return on Assets (ROA)
-4.74%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
48.51%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-28 Cr.
Equity
₹6.6 Cr.
Face Value
₹1
All Time Low / High
₹0.25 / 52.25

Asahi Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Asahi Industries Ltd a good quality company?
Asahi Industries 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 Asahi Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Asahi Industries Ltd vs industry peers?
Asahi Industries Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 1.47%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Asahi Industries Ltd?
Promoters hold 48.51% of the Asahi Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Asahi Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.8% 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

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.
Asahi 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

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 1.8%1.4%0.9%-0.2%0.1%-8.1%-11.5%-7.6%-4.1%-4.7%-
Value Creation
Index
-0.9-0.9-0.9-1.0-1.0-1.6NANANANA-

Growth Parameters

Sales 17020825952927927712519.6000
Sales YoY Gr.-23%24.4%103.9%-47.3%-0.5%-55%-84.3%-100%NA-
Adj EPS 0.30.10.100.1-1.7-1.6-1.2-0.4-0.4-0.4
YoY Gr.--53.6%7.7%-78.6%233.3%-1770%NANANANA-
BVPS (₹) 1.51.61.71.71.80.2-1.2-2.4-2.8-3.2-3.3
Adj Net
Profit
1.90.80.90.20.6-11.1-10.4-8.2-2.5-2.7-3
Cash Flow from Ops. 21.7-0.6-0.5-6.32.483.5-1.3-00.2-
Debt/CF from Ops. 7080.7-210.9-247.9-21.256.20.8-55-4502.2446.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS -204.3%-232.6%NANA
BVPS-209.2%-211.8%NANA
Share Price 3.8% 9.5% - -

Key Financial Parameters

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on
Equity %
21.78.48.61.75.3-165.9304.168.114.313.512.6
Op. Profit
Mgn %
9.57.45.82.54.60.10.2-0.700-221.4
Net Profit
Mgn %
1.10.40.400.2-4-8.3-41.900-INF
Debt to
Equity
14.212.911.911.611117.2-8.7-4.3-3.7-3.3-
Working Cap
Days
66767947115130186569000
Cash Conv.
Cycle
28323625504387537000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Sales169.54208.47259.33528.79278.52277.27124.6619.5700
Operating Expenses + 153.41192.97244.38515.51265.70276.95124.4019.710.270.48
Manufacturing Costs21.3536.2831.2647.8236.1028.3112.452.5000
Material Costs128.34151.79207.58459.82217.15240.58107.6616.4100
Employee Cost 2.042.782.976.128.314.483.150.200.060.06
Other Costs 1.682.132.571.754.143.591.140.600.210.42
Operating Profit 16.1315.5014.9513.2712.820.320.26-0.13-0.27-0.48
Operating Profit Margin (%) 9.5%7.4%5.8%2.5%4.6%0.1%0.2%-0.7%--
Other Income + 0000.080.100.010.010.0800
Exceptional Items 0000000000
Interest 0.141.521.441.091.481.761.280.2000
Depreciation 13.4813.5213.6513.6112.7411.6511.514.291.831.83
Profit Before Tax 2.500.45-0.14-1.34-1.30-13.08-12.53-4.55-2.10-2.31
Tax 0.62-0.39-1.08-1.53-1.94-2-2.173.660.390.40
Profit After Tax 1.880.840.940.190.63-11.08-10.35-8.21-2.49-2.71
PAT Margin (%) 1.1%0.4%0.4%0.0%0.2%-4.0%-8.3%-41.9%--
Adjusted EPS (₹)0.30.10.10.00.1-1.7-1.6-1.2-0.4-0.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Asahi Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21

Equity and Liabilities

Shareholders Fund + 9.6010.4511.3911.5912.221.14-7.95-16.16-18.76-21.36
Share Capital 6.646.646.646.646.646.646.646.646.646.64
Reserves 2.963.804.754.945.58-5.51-14.59-22.80-25.40-28
Debt +136.64134.95135.49134.43134.43133.3369.3369.3369.3369.33
Long Term Debt136.64134.95135.49134.43134.43133.3369.3369.3369.3369.33
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables1.561.881.480.871.881.530.922.092.112.11
Others Liabilities 4.724.722.814.0410.127.523.174.825.396.42
Total Liabilities 152.52152151.17150.93158.65143.5265.4760.0958.0856.50

Fixed Assets

Net Fixed Assets +113.25101.4087.6374.0256.1244.4832.9628.6726.8425.01
Gross Block162.77164.44164.31164.31159.16158.69159.16159.16159.16159.16
Accumulated Depreciation49.5163.0476.6890.29103.03114.22126.19130.48132.32134.15
CWIP 2.450.780.780.780.780.780.780.780.780.78
Investments 0000000000
Inventories7.359.969.0910.938.457.750.870.200.200.20
Trade Receivables9.0713.5422.5631.6227.8724.1228.9330.0929.9330.03
Cash Equivalents 0.190.180.211.680.491.761.280.020.010.16
Others Assets 20.2026.1330.9131.9064.9464.640.650.320.320.32
Total Assets 152.52152151.17150.93158.65143.5265.4760.0958.0856.50

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Cash Flow From Operating Activity + 1.951.67-0.64-0.54-6.342.3783.52-1.26-0.020.16
PBT 20.37-0.14-1.34-1.30-13.08-11.41-4.55-2.10-2.31
Adjustment 13.4813.5213.6513.6112.7411.6511.514.291.831.83
Changes in Working Capital -13.53-12.22-14.15-12.81-17.783.8183.42-10.250.64
Tax Paid 0000000000
Cash Flow From Investing Activity + -2.4500.1305.1500000
Capex -2.4500.1305.1500000
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity + 0.64-1.680.542.010-1.10-84000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 9.64-1.680.54-1.060-1.10-84000
Interest Paid 0000000000
Dividend Paid 0000000000
Others -9003.07000000
Net Cash Flow 0.14-0.010.031.47-1.191.27-0.48-1.26-0.020.16

Financial Ratio

PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Ratios
ROE (%)21.728.438.631.685.33-165.94N/AN/AN/AN/A
ROCE (%)1.821.350.89-0.170.12-8.05N/AN/AN/AN/A
Asset Turnover Ratio1.111.371.713.51.81.841.190.3100
PAT to CFO Conversion(x)1.041.99-0.68-2.84-10.06N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days17.5019.8025.4018.703934.2077.70550.3000
Inventory Days15.2015.2013.406.9012.7010.7012.601000
Payable Days5.504.1030.902.302.604.2033.5000

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Asahi Industries Ltd FAQs

The current trading price of Asahi Inds. on 06-Feb-2023 18:01 is ₹5.09.

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 05-Feb-2023 the market cap of Asahi Inds. stood at ₹33.82 Cr

The latest P/E ratio of Asahi Inds. as of 05-Feb-2023 is 0.00.

The latest P/B ratio of Asahi Inds. as of 05-Feb-2023 is -1.55.

The 52-week high of Asahi Inds. is ₹5.09 and the 52-week low is ₹5.09.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asahi Inds. is ₹0.00 ( Cr.) .

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

The key valuation ratios of Asahi Industries 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 Asahi Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Asahi Industries Ltd

Asahi Fibres, incorporated as a public limited company on August 2, 1993, is engaged in the manufacture of yarn and fabrics.

AFL is promoted by the directors of Akay Filtips, leading manufacturers of cigarette filters.  The main directors of the company are A K Shah and Amit A Shah. Amit A Shah, an MBA from the US is looking after the affairs of the company. AFL is co-promoted by MTM Trading (MTM), a company incorporated in Singapore.

Asahi Fibres reported unaudited earnings results for the third quarter and nine months ended December 31, 2009. For the quarter, net income from sales/services was Rs 209.455 million or Rs 0.01 basic earnings per share compared to net income from sales/services Rs 75.535 million or Rs 0.01 basic earnings per share for the same period last year. Profit before tax was Rs 1.043 million against Rs 1.077 million of previous year period. For the nine months ended December 31, 2009, net income from sales/services was Rs 659.639 million or Rs 0.18 basic earnings per share compared to net income from sales/services Rs 202.315 million or Rs 0.08 basic earnings per share for the same period last year. Profit before tax was Rs 14.586 million against Rs 6.181 million of previous year period.

Business areas of the company:

The company manufactures cotton and viscose yarn at its manufacturing facilities located in the Valsad district of Gujarat with installed capacities of 864 rotors and 25 knitting machines. The company has implemented the rehabilitation scheme sanctioned by the Board for Industrial and Financial Reconstruction (BIFR) via order dated May 3, 2006. It has since increased sales and shown improved performance.

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