Ashima Ltd - Stock Valuation and Financial Performance

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

Ashima Share Price

32.34 -0.65 -1.97%
as on 10-Jan'25 16:59

DeciZen - make an informed investing decision on Ashima

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Ashima stock performance -

P/E Ratio (SA):
6.04
Market Cap:
619.8 Cr.
52-wk low:
16.7
52-wk high:
51.9

Is Ashima Ltd an attractive stock to invest in?

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 Overvalued zone.

3. Is Ashima Ltd a good buy now?

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.

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -6.3%-7.7%31.9%82.8%18.3%-0.5%1.8%11.8%-2.2%19.2%-
Value Creation
Index
NANA1.34.90.3-1.0-0.9-0.2-1.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 271213193230336285104208207329308
Sales YoY Gr.--21.3%-9.5%19.2%46%-15%-63.6%100.5%-0.5%59.2%-
Adj EPS -2-6.9-0.71.91.1-10.10-0.555.4
YoY Gr.-NANANA-43.5%-194.4%NA-75%-1600%NA-
BVPS (₹) -84.6-47.24.212.524.415.81111.911.516.516
Adj Net
Profit
-8.6-23-8.724.510.1-5.42.40.7-8.796.4103
Cash Flow from Ops. 6.27-12.4-8.4-25.53.9-8-26.4-23.9-38.4-
Debt/CF from Ops. 87.722.1-6.3-3.4-1.16.5-2.8-0.7-1.4-3.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.2%-0.4%47%59.2%
Adj EPS NA36%247.4%NA
BVPSNA-7.5%14.7%43.9%
Share Price 14.9% 36.7% 15.6% 50.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3.318.4-23.822.95.2-2.41.10.3-3.935.932.9
Op. Profit
Mgn %
1.3-3.3-6-4.8-1-1.3-2.7-3.1-2.42124.8
Net Profit
Mgn %
-3.2-10.8-4.510.73-1.92.30.3-4.229.333.3
Debt to
Equity
-1.6-1.11.50.20.10.30.10.10.20.40.4
Working Cap
Days
1712061321651601663461912402171,567
Cash Conv.
Cycle
626047463943108751021271,124

Recent Performance Summary

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

Latest Financials - Ashima Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 0.9
TTM Sales (₹ Cr.) 308 207
BVPS (₹.) 16 0
Reserves (₹ Cr.) 115 115
P/BV 2.02 0.00
PE 6.04 34.59
From the Market
52 Week Low / High (₹) 16.66 / 51.92
All Time Low / High (₹) 1.56 / 77.66
Market Cap (₹ Cr.) 620
Equity (₹ Cr.) 191.7
Face Value (₹) 10
Industry PE 27.8

Quarterly Results

 Dec'23 YoY Gr. Rt. %Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %
Sales (₹ Cr.) 79.1 36146 283.377.7 45.75.3 57.1
Adj EPS (₹) 0.2 N/A5 N/A0.1 N/A0.1 -26.7
Op. Profit Mgn % 7.57 544 bps43.34 5686 bps4.71 537 bps65.15 -3039 bps
Net Profit Mgn % 4.43 552 bps65.46 8097 bps1.57 449 bps40.34 -4508 bps

Management X-Ray of Ashima:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:73.49%Institutions:0.13%Non-Institutions:26.38%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Jun22Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep240%20%40%60%80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Ashima

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Key Ratios of Ashima

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
PDS 564.4 -8.2 (-1.4%) Small Cap 10,577 10.8 3.2 53.1 5
Welspun Living 147.8 -2.9 (-1.9%) Small Cap 9,679 7.4 6.9 20.4 3.2
Vardhman Textiles 473.9 -7.8 (-1.6%) Small Cap 9,299 27.5 5.9 17.5 1.5
Arvind 384.4 -14 (-3.5%) Small Cap 7,738 11.1 4.5 36 3
K.P.R. Mill 960.4 -6.1 (-0.6%) Small Cap 6,060 23.7 13 40.8 7.1
Alok Inds 19.5 -0.4 (-2.2%) Small Cap 5,356 -1.8 -15.2 - -0.5
RSWM 176.1 -6.1 (-3.3%) Small Cap 4,058 -6.5 -2 - 0.7
Indo Count Inds 318 -13 (-3.9%) Small Cap 3,557 15.6 9.1 21.2 3
Himatsingka Seide 179.5 -5.1 (-2.7%) Small Cap 2,841 7.7 4.1 23.9 1.2
Sangam India 393.2 -20.9 (-5%) Small Cap 2,648 6.9 1.5 60.3 2.1
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales271213193230336285104208207329
Operating Expenses 278221206241340289107215212260
Manufacturing Costs82706177987724525164
Material Costs138979612017115055124118144
Employee Cost 35403634524520293238
Other Costs 2314131019177101115
Operating Profit -7-8-13-11-4-4-3-6-569
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 100318811242
Interest 51297822225
Depreciation 5434653344
Exceptional Items 005314532003600
Profit Before Tax -16-242812633-3226-861
Tax 000000000-35
Profit After Tax -16-242712633-3226-896
PAT Margin (%) -6.0%-11.0%14.1%55.0%9.8%-1.2%2.1%12.4%-3.7%29.3%
Adjusted EPS (₹)-3.8-7.12.19.93.5-0.60.11.4-0.45.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -269-615416022784210227220317
Share Capital 54541281289353192192192192
Reserves -323-115-753213431193629125
Minority Interest0000000000
Debt54015678272522191533111
Long Term Debt4576174242522191533111
Short Term Debt829443000000
Trade Payables34322745543921422943
Others Liabilities 159739231515421343838
Total Liabilities 320223198256321298270319320509

Fixed Assets

Gross Block280274232218314320317239260257
Accumulated Depreciation115117111113178181182122126126
Net Fixed Assets165157121105137139134117134131
CWIP 0000011847
Investments 000015163131531
Inventories484744577358377780187
Trade Receivables328815251614221549
Cash Equivalents 712128171753272770
Others Assets68-11370545029554534
Total Assets 320223198256321298270319320509

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 67-12-8-264-8-26-24-38
PBT -16-24-25-190-3-12-15-761
Adjustment 2017139-3203-3-6
Changes in Working Capital 31403-2253-14-16-94
Tax Paid 00-1-1-10102-1
Cash Flow From Investing Activity 1-667705513-73716-4
Capex 017462561410143-4
Net Investments 0007-15-3-242211-2
Others 0-7-701427122
Cash Flow From Financing Activity -6-4-63-58-24-2013-61386
Net Proceeds from Shares 02000000000
Net Proceeds from Borrowing 0011-50-3-3-4-41777
Interest Paid -2-4-9-6-7-1-2-1-1-4
Dividend Paid 0000000000
Others -4-20-65-1-14-15190-313
Net Cash Flow 1-3-846-2-26544
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/A0118.1316.94-2.181.5211.82-3.4435.89
ROCE (%)N/AN/A31.982.7918.33-0.541.8311.78-2.1919.19
Asset Turnover Ratio0.940.780.911.011.170.980.380.730.670.82
PAT to CFO Conversion(x)N/AN/A-0.44-0.06-0.79N/A-4-1N/A-0.4
Working Capital Days
Receivable Days37341519222552313134
Inventory Days70818681717916196134144
Payable Days851231121101061121989311192

Ashima Ltd Stock News

Ashima Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashima on 10-Jan-2025 16:59 is ₹32.34.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Jan-2025 16:59 the market cap of Ashima stood at ₹619.8.
The latest P/E ratio of Ashima as of 10-Jan-2025 16:59 is 6.04.
The latest P/B ratio of Ashima as of 10-Jan-2025 16:59 is 2.02.
The 52-week high of Ashima is ₹51.92 and the 52-week low is ₹16.66.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashima is ₹308.3 ( Cr.) .

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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