Ashima Ltd

₹ 30.4 -2.62%

21 Nov - close price

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 - BE

Market Cap ₹ 583 Cr.
Current Price ₹ 30.4
High / Low ₹ 51.9 / 15.6
Stock P/E 8.45
Book Value ₹ 16.0
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 130% CAGR over last 5 years

Cons

The company has delivered a poor sales growth of -23.2% over past five years.
Earnings include an other income of Rs.29.0 Cr.
Company has high debtors of 198 days.
Working capital days have increased from 389 days to 653 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

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024
	8	36	49	38	27	55	68	59	53	3	146	8	5
	15	40	53	38	35	55	69	65	54	0	83	2	2
Operating Profit	-7	-4	-5	0	-8	-0	-0	-6	-0	3	63	6	3
OPM %	-79%	-12%	-10%	1%	-31%	-1%	-1%	-11%	-1%	96%	43%	73%	64%
	2	2	5	2	1	2	-0	37	0	-4	1	-3	-13
Interest	0	1	1	1	1	1	1	1	0	1	2	2	2
Depreciation	1	1	1	1	1	1	1	1	1	0	1	0	0
Profit before tax	-6	-4	-2	1	-9	-0	-2	29	-2	-1	61	1	-12
Tax %	0%	0%	0%	17%	0%	0%	0%	0%	0%	0%	-57%	0%	0%
	-6	-4	-2	1	-9	-0	-2	29	-2	-1	96	1	-12
EPS in Rs	-0.48	-0.21	-0.11	0.04	-0.48	-0.02	-0.10	1.53	-0.08	-0.07	5.00	0.06	-0.62
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006 15m	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024
	449	236	223	208	225	259	336	285	104	207	90
	420	231	229	208	222	249	339	289	121	222	18
Operating Profit	28	5	-6	-0	3	10	-4	-4	-17	-15	72
OPM %	6%	2%	-3%	-0%	1%	4%	-1%	-1%	-16%	-7%	80%
	-41	-12	-21	-10	-32	-1	50	8	11	38	29
Interest	26	3	2	4	1	1	8	2	2	2	4
Depreciation	20	15	15	14	14	13	6	5	3	3	1
Profit before tax	-59	-26	-44	-28	-44	-5	33	-3	-11	18	96
Tax %	1%	1%	0%	1%	0%	0%	0%	0%	2%	0%	0%
	-59	-26	-44	-28	-44	-5	33	-3	-11	18	96
EPS in Rs	-5.20	-2.27	-3.92	-2.49	-3.85	-0.46	2.54	-0.26	-0.60	0.93	5.03
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	-23%
3 Years:	-5%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	130%
3 Years:	101%
TTM:	%

Stock Price CAGR
10 Years:	18%
5 Years:	36%
3 Years:	22%
1 Year:	85%

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024	Sep 2024
Equity Capital	33	33	33	33	33	33	93	53	192	192	192	192
Reserves	-210	-239	-265	-293	-305	-272	132	29	18	35	125	114
	591	588	528	531	528	491	28	25	23	18	124	124
	40	37	38	33	29	29	66	189	37	73	103	97
Total Liabilities	454	420	335	304	286	282	319	296	269	318	544	527
	311	284	250	228	213	199	137	139	134	117	131	67
CWIP	0	0	0	0	0	0	0	1	1	8	7	0
Investments	4	4	4	0	0	0	13	15	3	13	31	35
	139	132	81	76	73	83	169	142	131	180	375	425
Total Assets	454	420	335	304	286	282	319	296	269	318	544	527

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	35	6	5	-3	6	-2	-26	4	-8	-26
	-2	-5	-2	2	0	1	55	13	-7	37
	-40	-3	-2	-1	-3	-0	-24	-20	13	-6
Net Cash Flow	-7	-2	1	-2	3	-2	6	-2	-2	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024
Debtor Days	14	22	23	32	33	25	27	21	50	39	198
Inventory Days	76	154	137	130	113	133	157	142	246	246	7,521
Days Payable	36	69	77	68	54	44	116	104	172	153	1,733
Cash Conversion Cycle	54	107	83	94	92	114	68	58	124	133	5,987
Working Capital Days	71	129	48	59	54	65	78	80	110	126	653
ROCE %		-2%	-5%	-5%	-3%	-1%		-2%	-5%	-7%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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%	0.00%	0.00%	0.03%	0.03%	0.03%	0.10%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.13%
	26.19%	26.19%	26.19%	26.20%	26.21%	26.52%	26.51%	26.48%	26.49%	26.48%	26.34%	26.39%
No. of Shareholders	22,128	24,853	25,110	25,336	24,976	24,429	24,139	24,828	26,562	33,324	40,435	46,513

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	57.20%	60.92%	60.92%	60.92%	73.49%	73.49%	73.49%	73.49%	73.49%
	0.00%	0.00%	0.00%	0.00%	0.32%	0.32%	0.00%	0.03%	0.00%
	0.12%	0.18%	0.11%	0.02%	0.00%	0.00%	0.00%	0.00%	0.13%
	42.68%	38.90%	38.97%	39.06%	26.19%	26.19%	26.52%	26.48%	26.39%
No. of Shareholders	22,145	24,515	23,454	22,205	21,839	24,853	24,429	33,324	46,513

* 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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