---
title: "Abate As Industries Ltd (531658) — Share Price, Financials & Analysis"
symbol: "531658"
company: "Abate As Industries Ltd"
canonical: "https://tapetide.com/stocks/531658"
isin: "INE454E01013"
nse_symbol: "TRIJALINDUSTRIESLTD"
bse_code: "531658"
sector: "Healthcare Services"
industry: "Hospitals"
market_cap_cr: 137.27
generated_at: "2026-09-13T18:34:56.909Z"
---

# Abate As Industries Ltd (531658)

Canonical page: https://tapetide.com/stocks/531658

## Company

- **NSE Symbol:** TRIJALINDUSTRIESLTD
- **BSE Code:** 531658
- **ISIN:** INE454E01013
- **Sector:** Healthcare Services
- **Industry:** Hospitals
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 1996-05-08
- **CEO:** Ms. Heena Kausar Mohd Amin Rangari
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** abateas.com

## About

Incorporated in 1991, Abate As Industries 
Ltd primarily operates in the eye healthcare segment through its super specialty hospitals 
and optical outlets[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:52:19.643127Z.

- **Market Cap:** ₹137.27 Cr
- **Classification:** Microcap
- **P/E (reported):** 11.1
- **EPS (TTM):** ₹0.78
- **Book Value:** ₹11
- **Price to Book:** 0.79
- **Dividend Yield:** 0%
- **ROE:** 6.01%
- **ROCE:** 6.57%
- **Debt to Equity:** 0.06
- **Revenue (yearly):** ₹161.7 Cr
- **Net Income:** ₹12 Cr
- **EBITDA:** ₹15.3 Cr
- **52-Week High:** ₹20.11
- **52-Week Low:** ₹8
- **RSI (14):** 40.68

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 95%
- **Data coverage:** 90%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 64.49 | 9% |
| growth | 98.9 | 9% |
| momentum | 16.35 | 12% |
| ownership | 50 | 24% |
| quality | 63.87 | 22% |
| valuation | 69.27 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.76 times its book value
- Debtor days have improved from 245 to 59.2 days.
- Company's working capital requirements have reduced from 357 days to 75.1 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.4%

## Growth Rates

| Metric | QoQ | 1Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | 963.38% | 177.99% |
| ebitda margin growth | 0% | -16.58% | — |
| net income growth | -24.14% | 990.91% | — |
| revenue growth | -33.04% | 970.86% | — |
| roce | -8.01% | 977.05% | — |
| roe | -23.55% | 901.67% | — |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 14.09 | 41.06 | 42.13 | 42.69 | 33.94 | 22.82 |
| Expenses | 0.04 | 0.03 | 0.02 | 13.28 | 38.56 | 38.28 | 38.76 | 30.84 | 19.48 |
| Operating Profit | -0.04 | -0.03 | -0.02 | 0.81 | 2.5 | 3.85 | 3.93 | 3.1 | 3.34 |
| OPM % | — | — | — | 5.75 | 6.09 | 9.14 | 9.21 | 9.13 | 14.64 |
| Other Income | 0 | 0 | 0 | 0.97 | 0.51 | 1.13 | 0.06 | 0.53 | 0.27 |
| Interest | 0 | 0 | 0 | 0.06 | 0.11 | 0.17 | 0.15 | 0.13 | 0.14 |
| Depreciation | 0 | 0 | 0 | 0.55 | 0.49 | 0.52 | 0.52 | 0.52 | 0.74 |
| Profit before tax | -0.04 | -0.03 | -0.02 | 1.17 | 2.41 | 4.29 | 3.32 | 2.98 | 2.73 |
| Tax % | 0 | 0 | 0 | -1.71 | 6.64 | 5.13 | 8.43 | 2.01 | 17.95 |
| Net Profit | -0.04 | -0.03 | -0.02 | 1.19 | 2.25 | 4.07 | 3.06 | 2.93 | 2.24 |
| EPS in Rs | -0.04 | -0.03 | -0.02 | 0.08 | 0.14 | 0.26 | 0.19 | 0.19 | 0.14 |

### Profit & Loss

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

| Item | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- |
| Sales | 14 | 159 | 142 |
| Expenses | 13 | 146 | 127 |
| Operating Profit | 1 | 13 | 14 |
| OPM % | 5 | 8 | 10 |
| Other Income | 1 | 2 | 2 |
| Interest | 0 | 1 | 1 |
| Depreciation | 1 | 2 | 2 |
| Profit before tax | 1 | 13 | 13 |
| Tax % | -2 | 6 | — |
| Net Profit | 1 | 12 | 12 |
| EPS in Rs | 0.05 | 0.55 | 0.78 |
| Dividend Payout % | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 79 | 158 |
| Reserves | 85 | 16 |
| Borrowings | 11 | 10 |
| Other Liabilities | 31 | 40 |
| Total Liabilities | 206 | 223 |
| Fixed Assets | 149 | 150 |
| CWIP | 0 | 0 |
| Investments | 14 | 14 |
| Other Assets | 43 | 59 |
| Total Assets | 206 | 223 |

### Cash Flow

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | -1 | 6 |
| Cash from Investing Activity | -162 | -2 |
| Cash from Financing Activity | 165 | -2 |
| Net Cash Flow | 2 | 2 |
| Free Cash Flow | -1 | 3 |
| CFO/OP | -91 | 56 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 430 | 59 |
| Inventory Days | 413 | 49 |
| Days Payable | 209 | 36 |
| Cash Conversion Cycle | 635 | 72 |
| Working Capital Days | 640 | 75 |
| ROCE % | — | 7 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.87% | 31.87% | 31.87% | 31.87% | 31.87% | 31.87% | 27.56% | 27.56% | 27.56% | 27.56% | 32.42% | 32.42% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 59.92% | 59.37% | 58.62% | 58.04% | 58.24% | 58.46% | 47.38% | 47.42% | 47.5% | 3.83% | 13.87% | 14.55% |
| Others | 8.21% | 8.76% | 9.51% | 10.1% | 9.9% | 9.68% | 25.05% | 25.02% | 24.94% | 68.6% | 53.71% | 53.04% |
| No. of Shareholders | 1069 | 1050 | 1028 | 1010 | 1046 | 1050 | 1067 | 1050 | 2435 | 2580 | 3030 | 3314 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 8.75 | Sell |
| EMA (10) | 8.72 | Sell |
| SMA (20) | 8.95 | Sell |
| EMA (20) | 8.92 | Sell |
| SMA (50) | 9.36 | Sell |
| EMA (50) | 9.34 | Sell |
| SMA (100) | 9.86 | Sell |
| EMA (100) | 10.1 | Sell |
| SMA (200) | 12.08 | Sell |
| EMA (200) | 11.66 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.22 | Neutral |
| MACD (12,26,9) | -0.25 | Sell |
| Stochastic (14,3,3) | 25.19 | Neutral |
| ADX (14) | 42.49 | Buy |
| Williams %R (14) | -89.63 | Buy |
| ATR (14) | 0.64 | High Volatility |
| ROC (12) | -9.74 | Sell |
| Stoch RSI (14) | 2.45 | Buy |
| UO (7,14,28) | 45.49 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb9d638a-e511-4f5c-8295-6be9844a9219.pdf) |
| 2026-08-22 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad685d46-9130-43ed-b14f-404980cc5539.pdf) |
| 2026-08-22 | [Submission Of Intimation Of Book Closure And Cut-Off Date.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5725de52-92f2-4b19-aa08-5aa3909d0290.pdf) |
| 2026-08-22 | [Submission Of Intimation Of Record Date.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1d1534f-9203-4715-ba76-e6240f84129d.pdf) |
| 2026-08-22 | [Announcement Under Reg 36(1)(B) Of SEBI (LODR) Regulations2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b8e535f-82a1-42ab-a6fa-09c891f28331.pdf) |
| 2026-08-22 | [Submission Of Notice Of Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d53aff0d-f871-44e6-bca5-a0af916746df.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4fb4494-dcf9-4ce0-b795-725f068e5411.pdf) |
| 2026-08-18 | [Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=366fae6d-c4c1-4916-9f75-09c46b56b676.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Submission Of The Outcome Of The Board Meeting Held On 13.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b763017-ffba-4376-91d7-7d082f696694.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42fd58bb-cf2b-4e92-b4f7-bd67c2ebdf3d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Submission Of Unaudited Financial Results (Standalone & Consolidated )For The Quarter Ended 30 June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ede7fc1-c278-472b-b8f9-cc2c36db0383.pdf) |
| 2026-05-29 | [Financial Results For The Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ef3e6e4-1d13-43d0-8141-82ae08ef1100.pdf) |
| 2026-02-12 | [Unaudited Standalone And Consolidated Financial Results For Quarter Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=099fbc9c-c86b-41bf-a1fd-68a843fd83e6.pdf) |
| 2025-11-10 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=103b8b08-12c8-4fdd-ad14-006cda01f03b.pdf) |
| 2025-08-13 | [Submission Of Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28e06909-09e0-4e81-820d-620484d365a0.pdf) |
| 2025-06-17 | [Consolidated Financial Results For Quarter Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ab81365-0704-410c-a70a-dc2435886eb0.pdf) |
| 2025-05-30 | [Audited Standalone And Consolidated Financial Results For The Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a68d5834-3a81-4f65-b2fe-e36778f5d864.pdf) |
| 2025-02-12 | [Unaudited Financial Results For The Quarter Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5cb70f44-279b-4086-a196-08018d09c04a.pdf) |
| 2024-11-13 | [The Unaudited Financial Results And Limited Review Report For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8377f8f4-3584-4242-82bd-93a02ef811ab.pdf) |
| 2024-08-12 | [Submission Of Unaudited Financial Results Along With Limited Review Report For The Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5ac71d1-e68c-4eb3-9e60-c7881fa1431a.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6838826b-dd41-403c-a543-518b71f60376.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2016 | [Concall - Sep 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=131DB8F4_4665_47D5_BB33_5E3737502536_142629.pdf) |
| Mar 2022 | [Concall - Mar 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d19f26f-dc24-41dc-8015-e71ab1329160.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6838826b-dd41-403c-a543-518b71f60376.pdf) |
| Jun 2016 | [Concall - Jun 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C4FC2D4E_0D3C_4E76_B6A6_CFEAEAF7ECD2_151119.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/deee678a-d493-488b-a02f-acbf3a935041.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Postal ballot seeks shareholder approval to regularize Harikumar V as independent director for five years. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 8 Apr - Postal ballot seeks shareholder approval to regularize Harikumar V as independent director for five years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/def64523-215a-4b28-9bea-327fea0b98ce.pdf) |
| 8 Apr - Board approved regularization of Harikumar V as independent director via postal ballot for 5 years from 12 Feb 2026. | [Circular Resolution Passed By Board On 8Th April 2026 8 Apr - Board approved regularization of Harikumar V as independent director via postal ballot for 5 years from 12 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e56070ff-5940-4ba7-8a98-0a50ed70dfb8.pdf) |
| 8 Apr - As of 31 March 2026, Abate As Industries is not a Large Corporate under SEBI debt circular. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr - As of 31 March 2026, Abate As Industries is not a Large Corporate under SEBI debt circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/161a8751-7dae-4203-90fd-ed88794ee982.pdf) |
| 6h - Feb 24, 2026: Jindal Poly Films informs BSE volumes market-driven; no undisclosed price-sensitive events. | [Clarification On Volume Movement 6h - Feb 24, 2026: Jindal Poly Films informs BSE volumes market-driven; no undisclosed price-sensitive events.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/088b5264-e86a-4161-a126-32221611d49f.pdf) |
| 27 Feb - NCLAT on Feb 26, 2026 dismissed Jindal Poly's Company Appeal (AT) No.47/2026. | [Update 27 Feb - NCLAT on Feb 26, 2026 dismissed Jindal Poly's Company Appeal (AT) No.47/2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/66342d88-b8b3-497d-a81d-455e5d0d1aeb.pdf) |
| 27 Feb - Clarification to BSE: price movement market-driven; no undisclosed Reg 30 events; will notify if price-sensitive information. | [Clarification On Price Movement 27 Feb - Clarification to BSE: price movement market-driven; no undisclosed Reg 30 events; will notify if price-sensitive information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7b0a99e-d4f7-418d-bbf0-f0543b6e6763.pdf) |
| 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results announcement for quarter/year ending Mar 31, 2026. | [Closure of Trading Window 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results announcement for quarter/year ending Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3388a519-c35f-45d4-adc7-41297866342f.pdf) |
| 26 Feb - NCLAT on 26-Feb-2026 dismissed Jindal Poly Films' appeal against NCLT order; company to disclose developments. | [Clarification Regarding Media/ News Publication 26 Feb - NCLAT on 26-Feb-2026 dismissed Jindal Poly Films' appeal against NCLT order; company to disclose developments.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/356f9e77-c32b-4f18-99bf-61a8246ad87e.pdf) |
| 25 Mar - ASYA acquired 70,92,291 shares (45%) off-market from Fazil on 23.03.2026; disclosure filed 24.03.2026. | [Disclosure Under Regulation 29(2) Of The SEBI( Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 25 Mar - ASYA acquired 70,92,291 shares (45%) off-market from Fazil on 23.03.2026; disclosure filed 24.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3aa67c6-b4a2-4143-ab9a-f1fd6cfc8959.pdf) |
| 25 Mar - 25.03.2026: Disclosure under Reg 7(2) SEBI PIT received from Asya, immediate relative. | [Intimation Under Regulation 7(2) Of The SEBI (PIT) Regulations, 2015 As Received From ASYA 25 Mar - 25.03.2026: Disclosure under Reg 7(2) SEBI PIT received from Asya, immediate relative.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e975c9a7-3e98-4108-bbd1-49ed77d8c18c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_JINDALPOLY_2010_2011_11102011102235.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9cc7174-04a1-4bfe-82ec-5595a3a86fb2.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af6463d8-48bb-4cf3-a7ca-e3d0f30a7a0a.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7046da14-d950-4b17-8096-eef27bc6d6d0.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2348662-3db5-41cd-850a-e271a63dc874.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e1369ed-2751-4431-b574-68c60c07fdaa.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01e7a8dc-3f07-4fee-b2a1-c032f4811279.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500227/77035500227.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531658/74298531658_16_09_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500227/72199500227.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 2026-09-13T18:34:56.909Z.