Ashima Ltd

₹ 51.3 3.91%

03 Jul 10:43 a.m.

About

Incorporated in 1982, Ashima Ltd is in the business of Textiles, Real Estate and Treasury business^[1]

Key Points

Busienss Overview:^[1]^[2]^[3]
AL manufactures Denim fabrics and readymade garments and processes textile fabrics including Interlining fabrics and garment washing activities (laundry). It owns the entire value chain from yarn to fabric to garments. AL has a design studio, which caters to requirements of their high end customers. Company is also present in segments like Real Estate and Treasury (Investment)

Website BSE NSE

Market Cap ₹ 984 Cr.
Current Price ₹ 51.3
High / Low ₹ 51.8 / 12.0
Stock P/E 10.2
Book Value ₹ 16.5
Dividend Yield 0.00 %
ROCE 19.0 %
ROE 35.9 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 140% CAGR over last 5 years

Cons

Stock is trading at 2.99 times its book value
Company has a low return on equity of 9.90% over last 3 years.
Debtor days have increased from 39.5 to 54.0 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	38	27	55	68	59	62	49	58	38	53	51	79	146
	38	35	54	68	61	64	48	57	43	54	51	73	83
Operating Profit	0	-8	1	0	-3	-2	1	1	-5	-0	0	6	63
OPM %	1%	-31%	1%	0%	-4%	-3%	1%	2%	-14%	-1%	0%	8%	43%
	2	1	0	-1	33	5	1	-2	1	0	0	0	1
Interest	1	1	1	1	1	1	1	1	0	0	1	2	2
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	1	-9	-0	-2	29	1	0	-2	-6	-2	-1	3	61
Tax %	17%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-57%
	1	-9	-0	-2	29	1	0	-2	-6	-2	-1	3	96
EPS in Rs	0.04	-0.48	-0.02	-0.10	1.53	0.07	0.01	-0.12	-0.31	-0.08	-0.07	0.18	5.00
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	268	268	271	213	193	230	336	285	104	208	207	329
	268	268	268	220	204	241	339	289	121	215	212	260
Operating Profit	0	0	4	-7	-12	-11	-4	-4	-17	-6	-5	69
OPM %	0%	0%	1%	-3%	-6%	-5%	-1%	-1%	-16%	-3%	-2%	21%
	1	1	-10	-0	52	148	50	8	10	30	5	2
Interest	2	2	5	12	9	7	8	2	2	2	2	5
Depreciation	13	12	5	4	3	4	6	5	3	3	4	4
Profit before tax	-14	-13	-16	-24	28	126	33	-3	-12	18	-7	61
Tax %	0%	0%	0%	0%	1%	0%	0%	0%	-1%	0%	0%	-57%
	-14	-13	-16	-24	27	126	33	-3	-12	18	-7	96
EPS in Rs	-1.23	-1.13	-1.43	-2.08	2.12	9.85	2.55	-0.26	-0.61	0.93	-0.35	5.03
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	2%
5 Years:	0%
3 Years:	47%
TTM:	59%

Compounded Profit Growth
10 Years:	25%
5 Years:	140%
3 Years:	118%
TTM:	1299%

Stock Price CAGR
10 Years:	24%
5 Years:	37%
3 Years:	38%
1 Year:	254%

Return on Equity
10 Years:	%
5 Years:	5%
3 Years:	10%
Last Year:	36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	33	33	33	33	128	128	93	53	192	192	192	192
Reserves	-298	-311	-323	-35	-75	32	134	31	19	36	29	125
Preference Capital	20	20	20	20	0	5	6	6	7	7	8
	468	468	540	156	78	24	23	19	16	11	25	124
	63	65	70	69	66	72	71	195	44	80	75	103
Total Liabilities	266	255	320	223	198	256	321	298	270	319	320	544
	174	162	145	138	121	105	137	139	134	117	134	131
CWIP	0	0	0	0	0	0	0	1	1	8	4	7
Investments	0	0	0	0	0	0	15	16	3	13	15	31
	93	94	175	86	77	151	169	142	132	181	167	375
Total Assets	266	255	320	223	198	256	321	298	270	319	320	544

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1	1	6	7	-12	-8	-26	4	-8	-26	-24	-38
	-1	2	1	-6	67	70	55	13	-7	37	16	-4
	-2	0	-6	-4	-62	-58	-24	-20	13	-6	13	86
Net Cash Flow	-2	3	1	-3	-8	4	6	-2	-2	6	5	44

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	30	32	43	14	16	24	27	21	50	39	26	54
Inventory Days	147	149	126	176	169	174	157	142	246	236	260	1,333
Days Payable	72	80	90	119	121	152	116	104	172	146	113	307
Cash Conversion Cycle	104	101	79	70	64	47	68	58	124	128	173	1,080
Working Capital Days	64	64	165	47	-13	110	78	80	114	127	116	178
ROCE %	-5%	-5%	-0%	-5%	-9%	-7%	4%	-2%	-6%	-3%	-3%

Shareholding Pattern

Numbers in percentages

10 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%
	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.00%	0.00%	0.03%	0.03%	0.03%
	26.19%	26.19%	26.19%	26.19%	26.19%	26.20%	26.21%	26.52%	26.51%	26.48%	26.49%	26.48%
No. of Shareholders	21,006	20,742	22,128	24,853	25,110	25,336	24,976	24,429	24,139	24,828	26,562	33,324

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	57.20%	60.92%	60.92%	60.92%	73.49%	73.49%	73.49%	73.49%
	0.00%	0.00%	0.00%	0.00%	0.32%	0.32%	0.00%	0.03%
	0.12%	0.18%	0.11%	0.02%	0.00%	0.00%	0.00%	0.00%
	42.68%	38.90%	38.97%	39.06%	26.19%	26.19%	26.52%	26.48%
No. of Shareholders	22,145	24,515	23,454	22,205	21,839	24,853	24,429	33,324

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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