Ashima Ltd - Stock Valuation and Financial Performance

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

Ashima Ltd Share Price

22.18 -0.52 -2.29%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Ashima

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Ashima stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
425.1 Cr.
52-wk low:
12.1
52-wk high:
26.3

Is Ashima Ltd an attractive stock to invest in?

1. Is Ashima Ltd a good quality company?

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

2. Is Ashima Ltd 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.

3. Is Ashima Ltd 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

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
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.
Ashima 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -5.2%-2.2%-6.5%-1.5%18.1%7%-1.6%1.6%1%-2.8%-
Value Creation
Index
NANANA-1.10.3-0.5-1.1-0.9-0.9-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 268271213193230336285104208207221
Sales YoY Gr.-1.2%-21.3%-9.5%19.2%46%-15%-63.6%100.5%-0.5%-
Adj EPS -3-2-6.9-0.71.91.1-10.10-0.5-0.3
YoY Gr.-NANANANA-43.5%-194.4%NA-75%-1600%-
BVPS (₹) -76.1-84.6-47.24.212.524.415.81111.911.511.5
Adj Net
Profit
-12.7-8.6-23-8.724.510.1-5.42.40.7-8.7-5
Cash Flow from Ops. 1.36.27-12.4-8.4-25.53.9-8-26.4-23.9-
Debt/CF from Ops. 360.487.722.1-6.3-3.4-1.16.5-2.8-0.7-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.8%-2.1%-10.2%-0.5%
Adj EPS NA-174.9%NA-1600%
BVPSNA-1.6%-10%-3.1%
Share Price 26% 10.4% 15.3% 45.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.13.318.4-23.822.95.2-2.41.10.3-3.9-2.4
Op. Profit
Mgn %
0.21.3-3.3-6-4.8-1-1.3-2.7-3.1-2.40.3
Net Profit
Mgn %
-4.7-3.2-10.8-4.510.73-1.92.30.3-4.2-2.4
Debt to
Equity
-1.5-1.6-1.11.50.20.10.30.10.10.2-
Working Cap
Days
119171206132165160166346191240199
Cash Conv.
Cycle
6962604746394310875102109

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -10.16%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -2.31%

Latest Financials - Ashima Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 0.9
TTM Sales (₹ Cr.) 221 207
BVPS (₹.) 11.5 0
Reserves (₹ Cr.) 29 35
P/BV 1.92 0.00
PE 0.00 23.72
From the Market
52 Week Low / High (₹) 12.05 / 26.30
All Time Low / High (₹) 1.56 / 77.66
Market Cap (₹ Cr.) 425
Equity (₹ Cr.) 191.7
Face Value (₹) 10
Industry PE 29.2

Management X-Ray of Ashima:

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

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Ashima Ltd Stock News

Ashima Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashima on 23-Feb-2024 16:59 is ₹22.18.
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 23-Feb-2024 16:59 the market cap of Ashima stood at ₹425.1.
The latest P/E ratio of Ashima as of 23-Feb-2024 16:59 is 0.00.
The latest P/B ratio of Ashima as of 23-Feb-2024 16:59 is 1.92.
The 52-week high of Ashima is ₹26.30 and the 52-week low is ₹12.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashima is ₹221.4 ( 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.

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