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Ashoka Refineries

526983 BSE
₹15.43

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P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 26 Oct 2026 ₹15.43 +3.10 +25.1% since 10 Nov 2025
Start ₹12.33

Key Fundamentals

MicrocapConsumer GoodsFMCG

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
−6.00%
Debt to Equity
0.06
EPS (TTM)
−₹0.48
Book Value
₹7.20
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
2.14
ROE
−6.36%
Dividend Yield
0.00%
EBITDA
−₹20.00 L
52W High
₹16.24
52W Low
₹11.79

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -44.4% over past five years.
  • Promoter holding is low: 32.9%
  • Company has a low return on equity of -3.92% over last 3 years.
  • Company has high debtors of 365 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1513
OscillatorsBullish054
Moving AveragesStrong Bullish109

Key readings

RSI (14)
65.05
Neutral
MACD (12,26,9)
0.75
Bullish
SMA (50)
13.56
Bullish
SMA (200)
9.53
Bullish

As of , the latest day with price data, so these readings are not current.

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YZero base
5Y−44.36%
3Y−72.44%
1Y−87.10%
TTM0.00%

Net profit

Net profit growth by window
10YLoss widened by ₹0.11 Cr
5YTurned to loss
3YTurned to loss
1YLoss narrowed by ₹0.01 Cr
TTMLoss narrowed by ₹0.02 Cr

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹0.15 Cr
5YOutflow widened by ₹0.13 Cr
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YNo sales
5Y−398.67 pp
3Y−403.66 pp
1Y−345.16 pp
TTM+40.00 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹0.00 Cr
Mar 2018₹0.00 Cr
Mar 2019₹0.00 Cr
Mar 2020₹0.00 Cr
Mar 2021₹0.75 Cr
Mar 2022₹2.31 Cr
Mar 2023₹1.91 Cr
Mar 2024₹1.48 Cr
Mar 2025₹0.31 Cr
Mar 2026₹0.04 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹0.09 Cr
Mar 2018−₹0.01 Cr
Mar 2019₹0.00 Cr
Mar 2020−₹0.04 Cr
Mar 2021₹0.01 Cr
Mar 2022₹0.18 Cr
Mar 2023₹0.09 Cr
Mar 2024₹0.02 Cr
Mar 2025−₹0.17 Cr
Mar 2026−₹0.16 Cr

Quarterly Results

₹ Cr
526983 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.47
0.29
0.28
0.45
0.27
0.03
0.02
0
0
0
0.03
0.01
0.01
Expenses
0.47
0.31
0.3
0.43
0.29
0.07
0.07
0.05
0.04
0.04
0.07
0.05
0.05
Operating Profit
0
−0.02
−0.02
0.02
−0.02
−0.04
−0.05
−0.05
−0.04
−0.04
−0.04
−0.04
−0.04
OPM %
0%
−6.9%
−7.14%
4.44%
−7.41%
−133.33%
−250%
—
—
—
−133.33%
−400%
−400%
Other Income
0
0.01
0.03
0
0
0
0
0
0
0
0
0
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0
−0.01
0.01
0.02
−0.02
−0.04
−0.05
−0.05
−0.04
−0.04
−0.04
−0.04
−0.04
Tax %
—
0%
0%
50%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
0
−0.01
0.01
0.02
−0.02
−0.04
−0.05
−0.05
−0.04
−0.04
−0.04
−0.04
−0.04
EPS (₹)
0
−0.03
0.03
0.06
−0.06
−0.12
−0.15
−0.15
−0.12
−0.12
−0.12
−0.12
−0.12

Profit & Loss

₹ Cr
526983 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0.02
0
0
0
0
0
0.75
2.31
1.91
1.48
0.31
0.04
0.05
Expenses
0.06
0.05
0.11
0.07
0.08
0.17
0.76
2.15
1.84
1.5
0.48
0.2
0.21
Operating Profit
−0.04
−0.05
−0.11
−0.07
−0.08
−0.17
−0.01
0.16
0.07
−0.02
−0.17
−0.16
−0.16
OPM %
−200%
—
—
—
—
—
−1.33%
6.93%
3.66%
−1.35%
−54.84%
−400%
−320%
Other Income
0
0
0.02
0.06
0.08
0.13
0.02
0.03
0.04
0.04
0
0
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
−0.04
−0.05
−0.09
−0.01
0
−0.04
0.01
0.19
0.11
0.02
−0.17
−0.16
−0.16
Tax %
0%
0%
0%
0%
—
0%
0%
0%
18.18%
50%
0%
0%
—
Net Profit
−0.04
−0.05
−0.09
−0.01
0
−0.04
0.01
0.18
0.09
0.02
−0.17
−0.16
−0.16
EPS (₹)
−0.12
−0.15
−0.26
−0.03
0
−0.12
0.03
0.53
0.26
0.06
−0.5
−0.47
−0.48
Div. Payout %
0%
0%
0%
0%
—
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
526983 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
Reserves
−1.7
−1.76
−2.65
−2.66
−1.89
−1.58
−1.44
−0.99
−0.67
−0.67
−0.82
−0.95
Borrowings
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
Other Liabilities
0.52
0.53
0.44
0.53
0.34
0.04
0.25
0.26
0.65
0.03
0.02
0.05
Total Liabilities
2.37
2.32
1.34
1.42
2
2.01
2.36
2.82
3.53
2.91
2.75
2.65
Fixed Assets
0
0
0
0
0
0
0
0
0
0
0
0
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
1.24
1.14
0.43
0.43
1.2
1.27
1.42
1.42
1.92
0.38
0.4
0.43
Other Assets
1.13
1.18
0.91
0.99
0.8
0.74
0.94
1.4
1.61
2.53
2.35
2.22
Total Assets
2.37
2.32
1.34
1.42
2
2.01
2.36
2.82
3.53
2.91
2.75
2.65

Cash Flow

₹ Cr
526983 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−0.01
−0.02
0.04
−0.07
−0.09
0.29
−0.04
−0.31
0
−1.53
0.26
−0.17
Investing
0
0.1
−0.1
0
0
0
0
0.29
0.16
1.3
0
0
Financing
0
0
0.02
0.06
0.08
−0.26
0.02
0.03
0.03
0.04
0
0
Net Cash Flow
−0.01
0.08
−0.05
−0.01
−0.01
0.03
−0.01
0
0.19
−0.19
0.26
−0.17
Free Cash Flow
−0.01
−0.02
0.04
−0.07
−0.09
0.29
−0.04
−0.31
0
−1.53
0.26
−0.17
CFO/OP
25
40
−36
100
112
−171
400
−194
29
7,600
−153
106

Ratios

526983 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
—
—
—
—
—
117
109
204
155
0
365
Inventory Days
—
—
—
—
—
—
0
0
0
0
0
0
Cash Conversion Cycle
0
—
—
—
—
—
117
109
204
155
0
365
Working Capital Days
−548
—
—
—
—
—
24.33
75.84
117
148
−23.55
0
ROCE %
−2.14%
−2.75%
−6.69%
−1.12%
0%
−2.2%
0.49%
8.14%
4.04%
0.69%
−6.06%
−6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ashoka Refineries insights

56 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 54.91%
  • Promoters 32.94%
  • Others 11.86%
  • DIIs 0.29%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Ashoka Refineries

What does Ashoka Refineries Ltd do?
Incorporated in 1991, Ashoka Refineries Ltd is engaged in the trading of goods.
Where is Ashoka Refineries Ltd (ASHOKRE) listed?
Ashoka Refineries Ltd trades under code 526983 on the BSE.
Which sector does Ashoka Refineries Ltd belong to?
Ashoka Refineries Ltd is classified under the FMCG sector, in the Agricultural Products industry.
What is the 52-week high and low of Ashoka Refineries Ltd?
Over the last 52 weeks Ashoka Refineries Ltd has traded between ₹11.79 and ₹16.24 as of 26 Oct 2026.
What is the Return on Equity (ROE) of Ashoka Refineries Ltd?
Ashoka Refineries Ltd reported a return on equity of -6.36%. Its debt-to-equity ratio is 0.06.

Company Information

Incorporated in 1991, Ashoka Refineries Ltd is engaged in the trading of goods.

Website ashokarefineries.com
Listed 22 Oct 2013
Face Value ₹10

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