Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashima Ltd is a below average quality company.
The key valuation ratios of Ashima Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ashima Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -6.3% | -7.7% | 31.9% | 82.8% | 18.3% | -0.5% | 1.8% | 11.8% | -2.2% | 19.2% | - |
| Value Creation Index ⓘ | NA | NA | 1.3 | 4.9 | 0.3 | -1.0 | -0.9 | -0.2 | -1.2 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 271 | 213 | 193 | 230 | 336 | 285 | 104 | 208 | 207 | 329 | 308 |
| Sales YoY Gr. | - | -21.3% | -9.5% | 19.2% | 46% | -15% | -63.6% | 100.5% | -0.5% | 59.2% | - |
| Adj EPS ⓘ | -2 | -6.9 | -0.7 | 1.9 | 1.1 | -1 | 0.1 | 0 | -0.5 | 5 | 5.4 |
| YoY Gr. | - | NA | NA | NA | -43.5% | -194.4% | NA | -75% | -1600% | NA | - |
| BVPS (₹) ⓘ | -84.6 | -47.2 | 4.2 | 12.5 | 24.4 | 15.8 | 11 | 11.9 | 11.5 | 16.5 | 16 |
| Adj Net Profit ⓘ | -8.6 | -23 | -8.7 | 24.5 | 10.1 | -5.4 | 2.4 | 0.7 | -8.7 | 96.4 | 103 |
| Cash Flow from Ops. ⓘ | 6.2 | 7 | -12.4 | -8.4 | -25.5 | 3.9 | -8 | -26.4 | -23.9 | -38.4 | - |
| Debt/CF from Ops. ⓘ | 87.7 | 22.1 | -6.3 | -3.4 | -1.1 | 6.5 | -2.8 | -0.7 | -1.4 | -3.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.2% | -0.4% | 47% | 59.2% | ||||
| Adj EPS ⓘ | NA | 36% | 247.4% | NA | ||||
| BVPSⓘ | NA | -7.5% | 14.7% | 43.9% | ||||
| Share Price | 17.7% | 35.2% | 21.1% | 85.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.3 | 18.4 | -23.8 | 22.9 | 5.2 | -2.4 | 1.1 | 0.3 | -3.9 | 35.9 | 32.9 |
| Op. Profit Mgn % ⓘ | 1.3 | -3.3 | -6 | -4.8 | -1 | -1.3 | -2.7 | -3.1 | -2.4 | 21 | 24.8 |
| Net Profit Mgn % ⓘ | -3.2 | -10.8 | -4.5 | 10.7 | 3 | -1.9 | 2.3 | 0.3 | -4.2 | 29.3 | 33.3 |
| Debt to Equity ⓘ | -1.6 | -1.1 | 1.5 | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | 0.2 | 0.4 | 0.4 |
| Working Cap Days ⓘ | 171 | 206 | 132 | 165 | 160 | 166 | 346 | 191 | 240 | 217 | 1,567 |
| Cash Conv. Cycle ⓘ | 62 | 60 | 47 | 46 | 39 | 43 | 108 | 75 | 102 | 127 | 1,124 |
Return on Equity has increased versus last 3 years average to 32.90%
Sales growth is growing at healthy rate in last 3 years 46.97%
Net Profit is growing at healthy rate in last 3 years 247.37%
Sales growth is good in last 4 quarters at 105.51%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.4 | 0.9 |
| TTM Sales (₹ Cr.) | 308 | 207 |
| BVPS (₹.) ⓘ | 16 | 0 |
| Reserves (₹ Cr.) ⓘ | 115 | 115 |
| P/BV ⓘ | 1.91 | 0.00 |
| PE ⓘ | 5.70 | 32.62 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 15.70 / 51.92 |
| All Time Low / High (₹) | 1.56 / 77.66 |
| Market Cap (₹ Cr.) | 585 |
| Equity (₹ Cr.) | 191.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 271 | 213 | 193 | 230 | 336 | 285 | 104 | 208 | 207 | 329 |
| Operating Expenses ⓘ | 278 | 221 | 206 | 241 | 340 | 289 | 107 | 215 | 212 | 260 |
| Manufacturing Costs | 82 | 70 | 61 | 77 | 98 | 77 | 24 | 52 | 51 | 64 |
| Material Costs | 138 | 97 | 96 | 120 | 171 | 150 | 55 | 124 | 118 | 144 |
| Employee Cost | 35 | 40 | 36 | 34 | 52 | 45 | 20 | 29 | 32 | 38 |
| Other Costs ⓘ | 23 | 14 | 13 | 10 | 19 | 17 | 7 | 10 | 11 | 15 |
| Operating Profit ⓘ | -7 | -8 | -13 | -11 | -4 | -4 | -3 | -6 | -5 | 69 |
| Operating Profit Margin (%) | -2.7% | -3.7% | -6.6% | -4.9% | -1.3% | -1.3% | -2.8% | -3.1% | -2.4% | 21.0% |
| Other Income ⓘ | 1 | 0 | 0 | 3 | 18 | 8 | 11 | 2 | 4 | 2 |
| Interest ⓘ | 5 | 12 | 9 | 7 | 8 | 2 | 2 | 2 | 2 | 5 |
| Depreciation ⓘ | 5 | 4 | 3 | 4 | 6 | 5 | 3 | 3 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 53 | 145 | 32 | 0 | 0 | 36 | 0 | 0 |
| Profit Before Tax ⓘ | -16 | -24 | 28 | 126 | 33 | -3 | 2 | 26 | -8 | 61 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35 |
| Profit After Tax | -16 | -24 | 27 | 126 | 33 | -3 | 2 | 26 | -8 | 96 |
| PAT Margin (%) | -6.0% | -11.0% | 14.1% | 55.0% | 9.8% | -1.2% | 2.1% | 12.4% | -3.7% | 29.3% |
| Adjusted EPS (₹) | -3.8 | -7.1 | 2.1 | 9.9 | 3.5 | -0.6 | 0.1 | 1.4 | -0.4 | 5.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -269 | -61 | 54 | 160 | 227 | 84 | 210 | 227 | 220 | 317 |
| Share Capital ⓘ | 54 | 54 | 128 | 128 | 93 | 53 | 192 | 192 | 192 | 192 |
| Reserves ⓘ | -323 | -115 | -75 | 32 | 134 | 31 | 19 | 36 | 29 | 125 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 540 | 156 | 78 | 27 | 25 | 22 | 19 | 15 | 33 | 111 |
| Long Term Debt | 457 | 61 | 74 | 24 | 25 | 22 | 19 | 15 | 33 | 111 |
| Short Term Debt | 82 | 94 | 4 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 34 | 32 | 27 | 45 | 54 | 39 | 21 | 42 | 29 | 43 |
| Others Liabilities ⓘ | 15 | 97 | 39 | 23 | 15 | 154 | 21 | 34 | 38 | 38 |
| Total Liabilities ⓘ | 320 | 223 | 198 | 256 | 321 | 298 | 270 | 319 | 320 | 509 |
Fixed Assets | ||||||||||
| Gross Block | 280 | 274 | 232 | 218 | 314 | 320 | 317 | 239 | 260 | 257 |
| Accumulated Depreciation | 115 | 117 | 111 | 113 | 178 | 181 | 182 | 122 | 126 | 126 |
| Net Fixed Assetsⓘ | 165 | 157 | 121 | 105 | 137 | 139 | 134 | 117 | 134 | 131 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 8 | 4 | 7 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 15 | 16 | 3 | 13 | 15 | 31 |
| Inventories | 48 | 47 | 44 | 57 | 73 | 58 | 37 | 77 | 80 | 187 |
| Trade Receivables | 32 | 8 | 8 | 15 | 25 | 16 | 14 | 22 | 15 | 49 |
| Cash Equivalents | 7 | 12 | 12 | 8 | 17 | 17 | 53 | 27 | 27 | 70 |
| Others Assetsⓘ | 68 | -1 | 13 | 70 | 54 | 50 | 29 | 55 | 45 | 34 |
| Total Assets ⓘ | 320 | 223 | 198 | 256 | 321 | 298 | 270 | 319 | 320 | 509 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 7 | -12 | -8 | -26 | 4 | -8 | -26 | -24 | -38 |
| PBT ⓘ | -16 | -24 | -25 | -19 | 0 | -3 | -12 | -15 | -7 | 61 |
| Adjustment ⓘ | 20 | 17 | 13 | 9 | -3 | 2 | 0 | 3 | -3 | -6 |
| Changes in Working Capital ⓘ | 3 | 14 | 0 | 3 | -22 | 5 | 3 | -14 | -16 | -94 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 | 0 | 1 | 0 | 2 | -1 |
| Cash Flow From Investing Activity ⓘ | 1 | -6 | 67 | 70 | 55 | 13 | -7 | 37 | 16 | -4 |
| Capex | 0 | 1 | 74 | 62 | 56 | 14 | 10 | 14 | 3 | -4 |
| Net Investments | 0 | 0 | 0 | 7 | -15 | -3 | -24 | 22 | 11 | -2 |
| Others ⓘ | 0 | -7 | -7 | 0 | 14 | 2 | 7 | 1 | 2 | 2 |
| Cash Flow From Financing Activityⓘ | -6 | -4 | -63 | -58 | -24 | -20 | 13 | -6 | 13 | 86 |
| Net Proceeds from Shares ⓘ | 0 | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 11 | -50 | -3 | -3 | -4 | -4 | 17 | 77 |
| Interest Paid ⓘ | -2 | -4 | -9 | -6 | -7 | -1 | -2 | -1 | -1 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | -20 | -65 | -1 | -14 | -15 | 19 | 0 | -3 | 13 |
| Net Cash Flow ⓘ | 1 | -3 | -8 | 4 | 6 | -2 | -2 | 6 | 5 | 44 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 0 | 118.13 | 16.94 | -2.18 | 1.52 | 11.82 | -3.44 | 35.89 |
| ROCE (%) | N/A | N/A | 31.9 | 82.79 | 18.33 | -0.54 | 1.83 | 11.78 | -2.19 | 19.19 |
| Asset Turnover Ratio | 0.94 | 0.78 | 0.91 | 1.01 | 1.17 | 0.98 | 0.38 | 0.73 | 0.67 | 0.82 |
| PAT to CFO Conversion(x) | N/A | N/A | -0.44 | -0.06 | -0.79 | N/A | -4 | -1 | N/A | -0.4 | Working Capital Days |
| Receivable Days | 37 | 34 | 15 | 19 | 22 | 25 | 52 | 31 | 31 | 34 |
| Inventory Days | 70 | 81 | 86 | 81 | 71 | 79 | 161 | 96 | 134 | 144 |
| Payable Days | 85 | 123 | 112 | 110 | 106 | 112 | 198 | 93 | 111 | 92 |
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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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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