5
Ashoka Refineries
526983 BSE
Ashoka Refineries
Fast Moving Consumer Goods BSE: 526983 Agricultural Food & other Products
Key Fundamentals
MicrocapAgricultural ProductsFMCGMarket Cap
₹5.30 Cr
P/E Ratio
-33.6
EBITDA
₹-0.15 Cr
Return on Equity
-6.46%
Debt to Equity
0.06
Book Value
₹7.21
52W High
₹15.47
52W Low
₹11.79
Tapetide Score
Data-driven rating, 0–100. How it works →
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.
Growth Rate
Revenue Growth
-86.67% lower than
3Y
Net Income Growth
-20%
Cash Flow Change
117% higher than
3Y
ROE
—
ROCE
-872% lower than
3Y
EBITDA Margin (Avg.)
605%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 in Rs | 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | -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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ashoka Refineries insights
62 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Compliances-Reg.24(A)-Annual Secretarial Compliance
21 Apr - Ashoka Refineries says Regulation 24A is not applicable; no Annual Secretarial Compliance Report for FY2025-26. 21 Apr - Ashoka Refineries says Regulation 24A is not applicable; no Annual Secretarial Compliance Report for FY2025-26.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
21 Apr - Ashoka Refineries confirms it is not a large corporate under SEBI disclosure norms. 21 Apr - Ashoka Refineries confirms it is not a large corporate under SEBI disclosure norms.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
11h - Ashoka Refineries says Regulation 24A is not applicable; no Annual Secretarial Compliance Report for FY2025-26. 11h - Ashoka Refineries says Regulation 24A is not applicable; no Annual Secretarial Compliance Report for FY2025-26.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
11h - Ashoka Refineries confirms it is not a large corporate under SEBI disclosure norms. 11h - Ashoka Refineries confirms it is not a large corporate under SEBI disclosure norms.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate recived from Beetal Financial and Computer Services Pvt. Ltd., Registrar and Share Transfer Agent of the company, under regulation 74(5) of the SEBI (DP) … 6 Apr - Certificate recived from Beetal Financial and Computer Services Pvt. Ltd., Registrar and Share Transfer Agent of the company, under regulation 74(5) of the SEBI (DP) …
3
INTIMATION OF BOOK CLOSURE FOR THE PURPOSE OF 35Th ANNUAL GENERAL MEETING OF THE COMPANY 5 Sept 2026
General_Announcements
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.[1]
Where is Ashoka Refineries Ltd (526983) 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 Fast Moving Consumer Goods sector, in the Agricultural Food & other Products industry.
What is the market capitalisation of Ashoka Refineries Ltd?
Ashoka Refineries Ltd has a market capitalisation of ₹5.3 Cr, which places it in the Small Cap band.
What is the PE ratio of Ashoka Refineries Ltd?
Ashoka Refineries Ltd trades at a PE ratio of -33.60, against a book value of ₹7.21 per share.
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 ₹15.47.
What is the Return on Equity (ROE) of Ashoka Refineries Ltd?
Ashoka Refineries Ltd reported a return on equity of -6.46%. Its debt-to-equity ratio is 0.06.
Company Information
Incorporated in 1991, Ashoka Refineries Ltd is engaged in the trading of goods.[1]
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