Ashima Ltd Stock Analysis

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

BSE Share Price Aug 16, 18:01
13.52 0.02 (0.15%)

DeciZen - Make an Informed Decision on Ashima

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

1. Quality

2. Valuation

Fair

3. Price Trend

Ashima Price Chart

P/E Ratio (SA) :
8.04
Market Cap :
259.1 Cr.
52-wk low :
10.4
52-wk high :
23.3
Bole Toh?

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 Fair zone.

3. Is Ashima Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashima 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 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -5.5%-5.2%-2.2%-6.5%-1.5%18.1%7%-1.6%1.6%1%-
Value Creation Index NANANANA-1.10.3-0.5-1.1-0.9NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 268268271213193230336285104207245
YoY Gr. Rt. %--0.1%1.2%-21.3%-9.5%19.2%46%-15%-63.6%99.8%-
Adj EPS -3.3-3-2-6.9-0.71.91.1-10.101.7
YoY Gr. Rt. %-NANANANANA-43.5%-194.4%NA-75%-
BVPS (₹) -73.1-76.1-84.6-47.24.212.524.415.81111.911.9
Adj Net Profit -14-12.7-8.6-23-8.724.510.1-5.42.40.732
Cash Flow from Ops. 1.31.36.27-12.4-8.4-25.53.9-8-26.4-
Debt/CF from Ops. 359.9360.487.722.1-6.3-3.4-1.16.5-2.8-0.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.8%1.5%-14.9%99.8%
Adj EPS NANA-69.7%-75%
BVPS 023.1-21.48.1
Share Price 17.9% -10.2% 24.5% -26.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 5.95.13.318.4-23.822.95.2-2.41.10.314.1
Op. Profit Mgn % 0.10.21.3-3.3-6-4.8-1-1.3-2.7-3.5-1.7
Net Profit Mgn % -5.2-4.7-3.2-10.8-4.510.73-1.92.30.313.2
Debt to Equity -1.6-1.5-1.6-1.11.50.20.10.30.10.1-
Working Cap Days 1091191712061321651601663461990
Cash Conv. Cycle 7369626047463943108750

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.10%

Sales growth is good in last 4 quarters at 72.60%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -69.71%

Latest Financials - Ashima Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 0.9
TTM Sales (₹ Cr.) 245 207
BVPS (₹.) 11.9 11.8
Reserves (₹ Cr.) 37 35
P/BV 1.13 1.15
PE 8.04 14.55
From the Market
52 Week Low / High (₹) 10.40 / 23.30
All Time Low / High (₹) 1.56 / 77.66
Market Cap (₹ Cr.) 259
Equity (₹ Cr.) 191.7
Face Value (₹) 10
Industry PE 21

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

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Key Ratios of Ashima

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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