Is Ashima 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 undervalued or overvalued?

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

What is Ashima share price return in the past 10 years?

Ashima Ltd share price has appreciated 21% annually (CAGR) over the past ten years.

Is Ashima a good buy now?

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

Ashima Ltd - Stock Valuation and Financial Performance

Name: Ashima
Brand: Ashima

BSE: 514286 | NSE: ASHIMASYN | Textile | Small Cap

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Ashima Share Price

₹46.43 1.09 2.40%
as on 26-Jul'24 16:01

10 Year X-Ray of Ashima:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-2.2%	-6.5%	-1.5%	18.1%	7%	-1.6%	1.6%	1%	-2.9%	28.8%	-
Value Creation Index ⓘ	NA	NA	-1.1	0.3	-0.5	-1.1	-0.9	-0.9	-1.2	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	271	213	193	230	336	285	104	208	207	329	329
Sales YoY Gr.	-	-21.3%	-9.5%	19.2%	46%	-15%	-63.6%	100.5%	-0.5%	59.2%	-
Adj EPS ⓘ	-2	-6.9	-0.7	1.9	1.1	-1	0.1	0	-0.5	5	5
YoY Gr.	-	NA	NA	NA	-43.5%	-194.4%	NA	-75%	-1600%	NA	-
BVPS (₹) ⓘ	-84.6	-47.2	4.2	12.5	24.4	15.8	11	11.9	11.5	16.5	16.5
Adj Net Profit ⓘ	-8.6	-23	-8.7	24.5	10.1	-5.4	2.4	0.7	-8.7	96.4	96
Cash Flow from Ops. ⓘ	6.2	7	-12.4	-8.4	-25.5	3.9	-8	-26.4	-23.9	-38.4	-
Debt/CF from Ops. ⓘ	87.7	22.1	-6.3	-3.4	-1.1	6.5	-2.8	-0.7	-1.4	-3.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.2%	-0.4%	47%	59.2%
Adj EPS ⓘ	NA	36%	247.4%	NA
BVPSⓘ	NA	-7.5%	14.7%	43.9%
Share Price	21%	42.8%	33.7%	246.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.3	18.4	-23.8	22.9	5.2	-2.4	1.1	0.3	-3.9	35.9	30.4
Op. Profit Mgn % ⓘ	1.3	-3.3	-6	-4.8	-1	-1.3	-2.7	-3.1	-2.4	21	21
Net Profit Mgn % ⓘ	-3.2	-10.8	-4.5	10.7	3	-1.9	2.3	0.3	-4.2	29.3	29.3
Debt to Equity ⓘ	-1.6	-1.1	1.5	0.2	0.1	0.3	0.1	0.1	0.2	0.4	0.3
Working Cap Days ⓘ	171	206	132	165	160	166	346	191	240	217	156
Cash Conv. Cycle ⓘ	62	60	47	46	39	43	108	75	102	127	88

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 30.40%

Sales growth is growing at healthy rate in last 3 years 46.97%

Net Profit is growing at healthy rate in last 3 years 247.37%

Sales growth is good in last 4 quarters at 77.40%

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Latest Financials - Ashima Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5	0.9
TTM Sales (₹ Cr.)	329	207
BVPS (₹.) ⓘ	16.5	0
Reserves (₹ Cr.) ⓘ	125	35
P/BV ⓘ	2.79	0.00
PE ⓘ	9.16	49.27

From the Market
52 Week Low / High (₹)	12.05 / 51.92
All Time Low / High (₹)	1.56 / 77.66
Market Cap (₹ Cr.)	883
Equity (₹ Cr.)	191.7
Face Value (₹)	10
Industry PE ⓘ	30.6

Management X-Ray of Ashima:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Ashima

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ashima

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	271	213	193	230	336	285	104	208	207	329
Operating Expenses ⓘ	278	221	206	241	340	289	107	215	212	260
Manufacturing Costs	82	70	61	77	98	77	24	52	51	64
Material Costs	138	97	96	120	171	150	55	124	118	144
Employee Cost	35	40	36	34	52	45	20	29	32	38
Other Costs ⓘ	23	14	13	10	19	17	7	10	11	15
Operating Profit ⓘ	-7	-8	-13	-11	-4	-4	-3	-6	-5	69
Operating Profit Margin (%)	-2.7%	-3.7%	-6.6%	-4.9%	-1.3%	-1.3%	-2.8%	-3.1%	-2.4%	21.0%
Other Income ⓘ	1	0	0	3	18	8	11	2	4	2
Interest ⓘ	5	12	9	7	8	2	2	2	2	5
Depreciation ⓘ	5	4	3	4	6	5	3	3	4	4
Exceptional Items ⓘ	0	0	53	145	32	0	0	36	0	0
Profit Before Tax ⓘ	-16	-24	28	126	33	-3	2	26	-8	61
Tax ⓘ	0	0	0	0	0	0	0	0	0	-35
Profit After Tax	-16	-24	27	126	33	-3	2	26	-8	96
PAT Margin (%)	-6.0%	-11.0%	14.1%	55.0%	9.8%	-1.2%	2.1%	12.4%	-3.7%	29.3%
Adjusted EPS (₹)	-3.8	-7.1	2.1	9.9	3.5	-0.6	0.1	1.4	-0.4	5.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-269	-61	54	160	227	84	210	227	220	317
Share Capital ⓘ	54	54	128	128	93	53	192	192	192	192
Reserves ⓘ	-323	-115	-75	32	134	31	19	36	29	125
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	540	156	78	27	25	22	19	15	33	111
Long Term Debt	457	61	74	24	25	22	19	15	33	111
Short Term Debt	82	94	4	3	0	0	0	0	0	0
Trade Payables	34	32	27	45	54	39	21	42	29	43
Others Liabilities ⓘ	15	97	39	23	15	154	21	34	38	38
Total Liabilities ⓘ	320	223	198	256	321	298	270	319	320	509
Fixed Assets
Gross Block	280	274	232	218	314	320	317	239	260	257
Accumulated Depreciation	115	117	111	113	178	181	182	122	126	126
Net Fixed Assetsⓘ	165	157	121	105	137	139	134	117	134	131
CWIP ⓘ	0	0	0	0	0	1	1	8	4	7
Investmentsⓘ	0	0	0	0	15	16	3	13	15	31
Inventories	48	47	44	57	73	58	37	77	80	187
Trade Receivables	32	8	8	15	25	16	14	22	15	49
Cash Equivalents	7	12	12	8	17	17	53	27	27	70
Others Assetsⓘ	68	-1	13	70	54	50	29	55	45	34
Total Assets ⓘ	320	223	198	256	321	298	270	319	320	509

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	6	7	-12	-8	-26	4	-8	-26	-24	-38
PBT ⓘ	-16	-24	-25	-19	0	-3	-12	-15	-7	61
Adjustment ⓘ	20	17	13	9	-3	2	0	3	-3	-6
Changes in Working Capital ⓘ	3	14	0	3	-22	5	3	-14	-16	-94
Tax Paid ⓘ	0	0	-1	-1	-1	0	1	0	2	-1
Cash Flow From Investing Activity ⓘ	1	-6	67	70	55	13	-7	37	16	-4
Capex	0	1	74	62	56	14	10	14	3	-4
Net Investments	0	0	0	7	-15	-3	-24	22	11	-2
Others ⓘ	0	-7	-7	0	14	2	7	1	2	2
Cash Flow From Financing Activityⓘ	-6	-4	-63	-58	-24	-20	13	-6	13	86
Net Proceeds from Shares ⓘ	0	20	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	11	-50	-3	-3	-4	-4	17	77
Interest Paid ⓘ	-2	-4	-9	-6	-7	-1	-2	-1	-1	-4
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-4	-20	-65	-1	-14	-15	19	0	-3	13
Net Cash Flow ⓘ	1	-3	-8	4	6	-2	-2	6	5	44

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	N/A	0	118.13	16.94	-2.18	1.52	11.82	-3.44	35.89
ROCE (%)	N/A	N/A	31.9	82.79	18.33	-0.54	1.83	11.78	-2.19	19.19
Asset Turnover Ratio	0.94	0.78	0.91	1.01	1.17	0.98	0.38	0.73	0.67	0.82
PAT to CFO Conversion(x)	N/A	N/A	-0.44	-0.06	-0.79	N/A	-4	-1	N/A	-0.4
Working Capital Days
Receivable Days	37	34	15	19	22	25	52	31	31	34
Inventory Days	70	81	86	81	71	79	161	96	134	144
Payable Days	85	123	112	110	106	112	198	93	111	92

Ashima Ltd Stock News

Ashima Ltd FAQs

What is the share price of Ashima?

Company share prices are keep on changing according to the market conditions. The closing price of Ashima on 26-Jul-2024 16:01 is ₹46.43.

What is the market cap of Ashima?

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 26-Jul-2024 16:01 the market cap of Ashima stood at ₹883.0.

What is the P/E ratio of Ashima?

The latest P/E ratio of Ashima as of 26-Jul-2024 16:01 is 9.16.

What is the P/B ratio of Ashima?

The latest P/B ratio of Ashima as of 26-Jul-2024 16:01 is 2.79.

What is the 52-week high and low of Ashima?

The 52-week high of Ashima is ₹51.92 and the 52-week low is ₹12.05.

What is the TTM revenue of Ashima?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashima is ₹329.4 ( Cr.) .

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.