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Ashima Ltd Stock Analysis

Small Cap
Evaluated by 250 users | BSE: 514286 | NSE: ASHIMASYN |
Textile
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -1.81%-4.42%-5.51%-5.21%-2.15%-6.47%-1.45%18.09%7.04%-1.79%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 259245268268271213193230336285
Y-o-Y Gr. Rt.--5.5%9.4%-0.1%1.2%-21.3%-9.5%19.2%46%-15%
Adjusted EPS (Rs.) -1.22-2.78-3.25-2.95-2-6.88-0.681.911.08-1.11
Y-o-Y Gr. Rt.-NANANANANANANA-43.5%-202.8%
Book Value per Share (Rs.) -66.96-69.9-73.11-76.07-84.59-47.24.1912.4824.3815.75
Adjusted Net Profit -5.2-11.9-14-12.7-8.6-23-8.724.510.1-5.9
Net Op. Cash Flow (Rs. Cr.) -2.1-0.11.31.36.27-12.4-8.4-25.53.9
Debt to Cash Flow from Ops -226.04-5,402.68359.89360.487.7122.14-6.31-3.44-1.126.45
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ashima Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.1%1%14%-15%
Adjusted EPS NANANA-202.8%
Book Value per Share 0055.5-35.4
Share Price 16.7% -3.6% -25.9% 90.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 2.435.335.885.063.2718.41-23.7622.875.21-2.64
Operating Profit Margin (%) 3.590.940.130.171.31-3.31-5.97-4.77-1.04-1.32
Net Profit Margin (%) -2.02-4.87-5.2-4.73-3.17-10.77-4.510.653-2.08
Debt to Equity -1.76-1.68-1.59-1.53-1.57-1.141.450.180.130.3
Working Capital Days 99111109119171206132165160177
Cash Conversion Cycle 65807369626047463949
Entity Percentage Holding
Promoters 60.92%
Institutions 0.02%
Non-Institutions 39.06%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ashima Ltd's performance infers:

Ashima Ltd earnings have grown by 0%, whereas share price has depreciated -3.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ashima Ltd share prices over the last 10 years. Here is what we found out:

Ashima Ltd share price has depreciated 9.2% annually over the past ten years.

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.

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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