---
title: "Asahi Industries Ltd (514482) — Share Price, Financials & Analysis"
symbol: "514482"
company: "Asahi Industries Ltd"
canonical: "https://tapetide.com/stocks/514482"
isin: "INE745I01015"
bse_code: "514482"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:51:32.036Z"
---

# Asahi Industries Ltd (514482)

Canonical page: https://tapetide.com/stocks/514482

## Company

- **BSE Code:** 514482
- **ISIN:** INE745I01015
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2010-10-29
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** kslindustries.com

## About

Asahi Industries is engaged in the business of manufacture of textile goods.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 40% | 20% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.12 | 0.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 8.51 | 1.23 | 0.03 | 0.05 | 0.04 | 0.13 | 0.06 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Operating Profit | 0.61 | -0.85 | -0.03 | -0.05 | -0.04 | -0.13 | -0.06 | -0.02 | -0.02 | -0.03 | -0.02 | -0.02 |
| OPM % | 6.69 | -223.68 | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1.96 | 1.07 | 1.07 | 0 | 0.92 | 0.46 | 1.07 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| Profit before tax | -1.35 | -1.92 | -1.1 | -0.05 | -0.96 | -0.59 | -1.13 | -0.48 | -0.48 | -0.49 | -0.48 | -0.48 |
| Tax % | 0 | 0 | 332.73 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1.35 | -1.92 | -4.76 | -0.05 | -0.96 | -0.59 | -1.13 | -0.47 | -0.47 | -0.49 | -0.47 | -0.47 |
| EPS in Rs | -0.2 | -0.29 | -0.72 | -0.01 | -0.14 | -0.09 | -0.17 | -0.07 | -0.07 | -0.07 | -0.07 | -0.07 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 208.47 | 259.33 | 528.79 | 278.53 | 277.12 | 124.6 | 19.57 | 0 | 0 | 0 |
| Expenses | 192.97 | 244.38 | 515.51 | 265.61 | 276.81 | 124.34 | 19.71 | 0.27 | 0.48 | 0.09 |
| Operating Profit | 15.5 | 14.95 | 13.28 | 12.92 | 0.31 | 0.26 | -0.14 | -0.27 | -0.48 | -0.09 |
| OPM % | 7.44 | 5.76 | 2.51 | 4.64 | 0.11 | 0.21 | -0.72 | — | — | — |
| Other Income | 0 | 0 | 0.08 | 0 | 0.01 | 0.01 | 0.08 | 0 | 0 | 0 |
| Interest | 1.52 | 1.44 | 1.09 | 1.48 | 1.76 | 1.28 | 0.2 | 0 | 0 | 0 |
| Depreciation | 13.52 | 13.65 | 13.61 | 12.74 | 11.65 | 11.51 | 4.29 | 1.83 | 1.83 | 1.84 |
| Profit before tax | 0.46 | -0.14 | -1.34 | -1.3 | -13.09 | -12.52 | -4.55 | -2.1 | -2.31 | -1.93 |
| Tax % | -84.78 | -771.43 | -114.18 | -149.23 | -15.28 | -17.33 | 80.44 | 18.57 | 17.32 | — |
| Net Profit | 0.84 | 0.94 | 0.19 | 0.63 | -11.08 | -10.35 | -8.21 | -2.49 | -2.71 | -1.9 |
| EPS in Rs | 0.13 | 0.14 | 0.03 | 0.09 | -1.67 | -1.56 | -1.24 | -0.37 | -0.41 | -0.28 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 |
| Reserves | 2.96 | 3.8 | 4.75 | 4.94 | 5.58 | -5.51 | -14.59 | -22.8 | -25.29 | -28 |
| Borrowings | 136.64 | 134.95 | 135.49 | 134.43 | 134.43 | 133.33 | 69.33 | 69.33 | 69.33 | 69.33 |
| Other Liabilities | 6.28 | 6.62 | 4.28 | 4.92 | 12 | 10.57 | 7.78 | 6.95 | 7.4 | 8.53 |
| Total Liabilities | 152.52 | 152.01 | 151.16 | 150.93 | 158.65 | 145.03 | 69.16 | 60.12 | 58.08 | 56.5 |
| Fixed Assets | 113.26 | 101.4 | 87.63 | 74.02 | 56.12 | 44.48 | 32.96 | 28.67 | 26.84 | 25.01 |
| CWIP | 2.45 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 36.81 | 49.83 | 62.75 | 76.13 | 101.75 | 99.77 | 35.42 | 30.67 | 30.46 | 30.71 |
| Total Assets | 152.52 | 152.01 | 151.16 | 150.93 | 158.65 | 145.03 | 69.16 | 60.12 | 58.08 | 56.5 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.95 | 1.67 | -0.64 | -0.54 | -6.34 | 2.37 | 83.52 | -1.26 | -0.02 | 0.16 |
| Cash from Investing Activity | -2.45 | 0 | 0.12 | 3.07 | 5.15 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0.64 | -1.68 | 0.54 | -1.06 | 0 | -1.1 | -84 | 0 | 0 | 0 |
| Net Cash Flow | 0.14 | -0.01 | 0.02 | 1.47 | -1.19 | 1.27 | -0.48 | -1.26 | -0.02 | 0.16 |
| Free Cash Flow | -0.5 | 1.67 | -0.52 | -0.54 | -1.19 | 2.37 | 83.52 | -1.26 | -0.02 | 0.16 |
| CFO/OP | 12 | 11 | -4 | -4 | -49 | 765 | 32123 | 900 | 7 | -33 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 19.53 | 23.71 | 31.75 | 21.83 | 36.52 | 31.77 | 84.75 | 561.21 | — | — |
| Inventory Days | 20.91 | 23.95 | 15.98 | 8.68 | 14.2 | 11.76 | 2.95 | 4.45 | — | — |
| Days Payable | 4.47 | 4.52 | 2.6 | 0.69 | 3.16 | 2.32 | 3.12 | 46.49 | — | — |
| Cash Conversion Cycle | 35.97 | 43.14 | 45.13 | 29.81 | 47.57 | 41.21 | 84.58 | 519.17 | — | — |
| Working Capital Days | 70.59 | 78.82 | 83.27 | 49.68 | 117.63 | 113.21 | 66.44 | 441.47 | — | — |
| ROCE % | 1.82 | 1.36 | 0.89 | -0.17 | 0.12 | -8.06 | -11.48 | -7.59 | -4.04 | -4.68 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% |
| No. of Shareholders | 9969 | 9966 | 9964 | 9957 | 9952 | 9952 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Dec 2019 | Mar 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% | 48.5% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% | 51.49% |
| No. of Shareholders | 9970 | 9966 | 9966 | 9967 | 9967 | 9967 | 9964 | 9962 | 9965 | 9957 | 9952 | 9952 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 277.02 | Sell |
| EMA (10) | 277.95 | Sell |
| SMA (20) | 282.85 | Sell |
| EMA (20) | 281.67 | Sell |
| SMA (50) | 289.95 | Sell |
| EMA (50) | 286.52 | Sell |
| SMA (100) | 286.65 | Sell |
| EMA (100) | 292.37 | Sell |
| SMA (200) | 311.22 | Sell |
| EMA (200) | 308.7 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.99 | Neutral |
| MACD (12,26,9) | -4.5 | Sell |
| Stochastic (14,3,3) | 48.54 | Neutral |
| ADX (14) | 27.36 | Buy |
| Williams %R (14) | -53.06 | Neutral |
| ATR (14) | 10.15 | High Volatility |
| ROC (12) | -3.77 | Sell |
| Stoch RSI (14) | 48.33 | Neutral |
| UO (7,14,28) | 54.66 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-03-31 | [Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure) Regulations 2015-Implementation Of Resolution Plan And Handover Of Management To Safex Realtor Private Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6b7f690-9a4f-4e41-9b3d-caa9bc045862.pdf) |
| 2023-07-05 | [Announcement Under Regulation 30 ( LODR )](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af29f424-741e-4fdd-97f0-017d01b640b3.pdf) |
| 2022-07-25 | [Announcement under Regulation 30 (LODR)-Change in Management Control](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a03a057-338b-4d49-a1f6-1379464d4e95.pdf) |
| 2022-07-18 | [Submission Of Order Received From Hon''ble NCLT Mumbai Bench](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01fd62e1-9880-44db-bbc6-9933e4b5abd8.pdf) |
| 2021-12-31 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46386308-3934-4440-b989-1262f024058a.pdf) |
| 2021-12-16 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fbba563-63dd-4e99-83c4-619d96293c9e.pdf) |
| 2021-12-14 | [Reg. 34 (1) Annual Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27e9a229-9d92-49f2-8826-c0d1c8ecfb9a.pdf) |
| 2021-08-25 | [Result Of Financial 30Th June 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c49265b1-f03b-41c4-b1c5-834d506d21d6.pdf) |
| 2021-08-18 | [Result- Financial Result For 31-03-2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=861ebec0-3a85-43e5-9de7-106c72832789.pdf) |
| 2021-08-17 | [Audited Financials Result Of The Company For The Quarter And Year Ended March 31, 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3df2188a-2260-4399-9dcc-6db983a584e7.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 Jul 2023 - Commencement of implementation of approved resolution plan. | [Announcement Under Regulation 30 ( LODR ) 5 Jul 2023 - Commencement of implementation of approved resolution plan.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af29f424-741e-4fdd-97f0-017d01b640b3.pdf) |
| 31 Mar - Effective March 24, 2026, Safex Realtor acquires 75% and takes management; board vacated, new board to be constituted. | [Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure) Regulations, 2015-Implementation Of Resolution Plan And Handover Of Management To Safex Realtor Private Limited. 31 Mar - Effective March 24, 2026, Safex Realtor acquires 75% and takes management; board vacated, new board to be constituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6b7f690-9a4f-4e41-9b3d-caa9bc045862.pdf) |
| 28 Feb - Notice that subsidiary News24 issued a press release; press release text not provided. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 28 Feb - Notice that subsidiary News24 issued a press release; press release text not provided.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a279d15-f883-427d-956b-715e3dc53f45.pdf) |
| 25 Jul 2022 - Of Asahi Industries Limited the Company in term of resolution plan approved by the National Company Law Tribunal, Mumbai Bench, | [Announcement under Regulation 30 (LODR)-Change in Management Control 25 Jul 2022 - Of Asahi Industries Limited the Company in term of resolution plan approved by the National Company Law Tribunal, Mumbai Bench,](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a03a057-338b-4d49-a1f6-1379464d4e95.pdf) |
| 20 Feb - Valuation Report (12 Jan 2026) and Addendum (6 Feb 2026) link for proposed preferential issue pricing. | [Update Of Link Of Addendum To Valuation Report 20 Feb - Valuation Report (12 Jan 2026) and Addendum (6 Feb 2026) link for proposed preferential issue pricing.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6c1df2d-2947-46ec-9f89-05d49dffe832.pdf) |
| 18 Jul 2022 - Submission of Order received from Hon''ble NCLT Mumbai Bench disposing the Interlocutory Application filed by Bank of Baroda. | [Submission Of Order Received From Hon''ble NCLT Mumbai Bench 18 Jul 2022 - Submission of Order received from Hon''ble NCLT Mumbai Bench disposing the Interlocutory Application filed by Bank of Baroda.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01fd62e1-9880-44db-bbc6-9933e4b5abd8.pdf) |
| 16 Feb - Approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; UDIN updated. | [Update Of UDIN On Limited Review Reports For The Quarter And None Months Ended December 31, 2025 16 Feb - Approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; UDIN updated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ec07950-8b6f-4e75-b253-fb618c76c0ac.pdf) |
| 12 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; limited review reports enclosed. | [Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2025 12 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; limited review reports enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce4f30cf-ab30-4979-b0ee-788d830e3a33.pdf) |
| 12 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; limited review enclosed. | [Board Meeting Outcome for Outcome Of Board Meeting And Submission Of Unaudited Financial Result For Quarter And Nine Months Ended 31.12.2025 12 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; limited review enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b0a5fd6e-37d6-4ee3-ab11-b7beecfe4a6b.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3495c97-ea3e-426a-9edb-b488b34e8bf0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_BAGFILMS_2011_2012_17092012103417.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/345efe45-32ed-4ba5-bf87-3069ea25ad1b.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7f683c7-617b-475e-a4e8-74e7af9ab473.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/760fd312-ccbe-4af8-93c2-15d593c02dd1.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532507/74096532507.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532507/70668532507.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/514482/72867514482.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532507/65868532507.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/514482/68299514482.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532507/5325070319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:51:32.036Z.