---
title: "Achal Investments Ltd (538570) — Share Price, Financials & Analysis"
symbol: "538570"
company: "Achal Investments Ltd"
canonical: "https://tapetide.com/stocks/538570"
isin: "INE860P01025"
bse_code: "538570"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:59:11.685Z"
---

# Achal Investments Ltd (538570)

Canonical page: https://tapetide.com/stocks/538570

## Company

- **BSE Code:** 538570
- **ISIN:** INE860P01025
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2014-08-07
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** achalinvest.com

## About

Achal Investments is engaged in business of Other financial activities.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.17 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 0.30% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -100% | -26% | 0% |
| revenue growth | -100% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.16 | 0.66 | 0.25 | 0.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.16 | 0.65 | 0.31 | 0.65 | 0.08 | 0.12 | 0.12 | 0.13 | 0.13 | 0.16 | 0.05 | 0.05 |
| Operating Profit | 0 | 0.01 | -0.06 | -0.13 | -0.08 | -0.12 | -0.12 | -0.13 | -0.13 | -0.16 | -0.05 | -0.05 |
| OPM % | 0 | 1.52 | -24 | -25 | — | — | — | — | — | — | — | — |
| Other Income | 0.01 | 0 | 0.06 | 0.14 | 0.09 | 0.15 | 0.15 | 0.14 | 0.14 | 0.17 | 0.05 | 0.05 |
| Interest | 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 |
| Profit before tax | 0.01 | 0.01 | 0 | 0.01 | 0.01 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| Tax % | 0 | 100 | — | 0 | 0 | 33.33 | 33.33 | 0 | 0 | 0 | — | — |
| Net Profit | 0.01 | -0.01 | 0 | 0 | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Profit & Loss

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0.07 | 2.22 | 1.36 | 1.34 | 1.23 | 0.9 | 0 | 0 |
| Expenses | 0.01 | 0.01 | 0.1 | 2.24 | 1.21 | 1.37 | 1.18 | 0.86 | 0.5 | 0.39 |
| Operating Profit | -0.01 | -0.01 | -0.03 | -0.02 | 0.15 | -0.03 | 0.05 | 0.04 | -0.5 | -0.39 |
| OPM % | — | — | -42.86 | -0.9 | 11.03 | -2.24 | 4.07 | 4.44 | — | — |
| Other Income | 0 | 0.01 | 0.05 | 0.05 | 0 | 0.11 | 0 | 0 | 0.52 | 0.41 |
| Interest | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | 0 | 0.02 | 0.02 | 0.07 | 0.07 | 0.05 | 0.04 | 0.02 | 0.02 |
| Tax % | 0 | — | 0 | 50 | 28.57 | 28.57 | 20 | 0 | 50 | — |
| Net Profit | -0.01 | 0 | 0.01 | 0.02 | 0.05 | 0.05 | 0.03 | 0.03 | 0.02 | 0 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Dividend Payout % | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.24 | 4.24 | 4.24 | 6.15 | 6.15 | 6.15 | 6.31 | 6.31 | 6.31 | 6.31 |
| Reserves | -2.88 | -2.88 | -2.87 | -2.86 | -2.81 | -2.76 | 3.83 | 3.87 | 3.88 | 3.89 |
| Borrowings | 0.1 | 0 | 0 | 0 | 0 | 0.03 | 6.21 | 5.7 | 4.5 | 4.48 |
| Other Liabilities | 0.06 | 0.16 | 0.15 | 9.85 | 6.72 | 6.2 | 0.12 | 0.18 | 0.22 | 0.31 |
| Total Liabilities | 1.52 | 1.52 | 1.52 | 13.14 | 10.06 | 9.62 | 16.47 | 16.06 | 14.91 | 14.99 |
| Fixed Assets | 0 | 0 | 0.04 | 0.03 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3.39 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 |
| Other Assets | 1.52 | 1.52 | 1.48 | 9.72 | 6.59 | 6.15 | 13.01 | 12.6 | 11.45 | 11.53 |
| Total Assets | 1.52 | 1.52 | 1.52 | 13.14 | 10.06 | 9.62 | 16.47 | 16.06 | 14.91 | 14.99 |

### Cash Flow

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 0 | -0.06 | -0.31 | 0.21 | -0.14 | 0.41 | 0.24 | -0.42 |
| Cash from Investing Activity | — | 0 | -0.04 | -11.16 | 3.06 | 0.48 | -6.88 | 0.45 | 1.14 |
| Cash from Financing Activity | — | 0 | 0 | 11.5 | -3.16 | -0.48 | 6.8 | -0.54 | -1.2 |
| Net Cash Flow | — | 0 | -0.1 | 0.03 | 0.11 | -0.14 | 0.33 | 0.14 | -0.48 |
| Free Cash Flow | — | 0 | -0.1 | -0.31 | 0.21 | -0.14 | 0.41 | 0.24 | -0.42 |
| CFO/OP | — | 0 | 200 | 1550 | 140 | 400 | 860 | 650 | 84 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 365 | 75.63 | 85.88 | 136.19 | 50.45 | 12.17 | — |
| Inventory Days | — | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Cash Conversion Cycle | — | — | 365 | 75.63 | 85.88 | 136.19 | 50.45 | 12.17 | — |
| Working Capital Days | — | — | 52.14 | 850.02 | 1215.77 | 1176.72 | 3510.53 | 4538.17 | — |
| ROCE % | — | 0 | 1.47 | 0.86 | 4.22 | 2.07 | 0.51 | 0.25 | 0.13 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% |
| Public | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% |
| No. of Shareholders | 3064 | 2918 | 2912 | 2932 | 2932 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% | 13.51% |
| Public | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% | 86.49% |
| No. of Shareholders | 3112 | 2923 | 2918 | 2892 | 2966 | 2904 | 2912 | 2913 | 2923 | 2917 | 2932 | 2932 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 292.71 | Buy |
| EMA (10) | 441.15 | Buy |
| SMA (20) | 146.53 | Buy |
| EMA (20) | 253.14 | Buy |
| SMA (50) | 58.94 | Buy |
| EMA (50) | 110.7 | Buy |
| SMA (100) | 29.94 | Buy |
| EMA (100) | 57.48 | Buy |
| SMA (200) | 16.03 | Buy |
| EMA (200) | 29.95 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 99.99 | Sell |
| MACD (12,26,9) | 183.2 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 76.53 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 60.04 | High Volatility |
| ROC (12) | 286664.71 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 99.99 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Of allotment of 71,804 equity shares pursuant to exercise of stock options under MobiKwik Employee Stock Option Plan 2014 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8h - Of allotment of 71,804 equity shares pursuant to exercise of stock options under MobiKwik Employee Stock Option Plan 2014](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c8fd1fe-96fe-412c-8f07-22a1970fe858.pdf) |
| 4 Feb - CARE report: Rs.572cr IPO; Rs.224.29cr unutilised as of Dec 31, 2025; no material deviation. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 4 Feb - CARE report: Rs.572cr IPO; Rs.224.29cr unutilised as of Dec 31, 2025; no material deviation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b979c617-954f-4127-aaa5-324d1defb952.pdf) |
| 23 Feb - MSBPL, MobiKwik's subsidiary, got BSE approval to commence broking; enabled from February 24, 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Feb - MSBPL, MobiKwik's subsidiary, got BSE approval to commence broking; enabled from February 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9acf038-6f4d-4c52-9fe2-98154bc5e34e.pdf) |
| 23 Feb - Mobikwik subsidiary approved to commence trading membership on BSE; intimation received Feb 23, 2026. | [Mobikwik Securities Broking Private Limited Has Received Approval For Commencement Of Business As Trading Member On BSE Limited 23 Feb - Mobikwik subsidiary approved to commence trading membership on BSE; intimation received Feb 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65a82c03-b583-4899-871d-d48ca4e3cc77.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 12 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9b01fb33-bffc-45a3-a95b-305b876558f5.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 6 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab26c8bc-5ac8-4cd7-baf0-540c0a8b9b67.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/edea207d-1ed1-45b7-92de-4488ec2df6be.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c0e5228-dd11-4794-97f9-578cea263226.pdf) |
| — | [Closure of Trading Window 2 Apr 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/AAFF3DC9-9E41-4D9B-8BA9-D41B231B74FC-172406.pdf) |
| — | [Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve Unaudited Financial Results For The Quarter Ended 31.12.2019 5 Feb 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7fde6b17-55c9-492d-828d-9bab125b99cc.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95370b44-616f-428f-9c2b-cf9f201c6e66.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/581b968b-06d3-4ee0-a08b-b583228db9a0.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8e98695-6e71-44ce-b6b2-132a97d3dcc1.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c84b4972-2a15-4334-92e5-b0041128216d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f30d3ed3-aadb-410f-bbab-861016e369cf.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/538570/5385700319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/538570/5385700318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/538570/5385700317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/538570/5385700316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/538570/5385700315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/538570/5385700314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2013/ACHAL_INVESYMENTS_LTD-538570-MARCH-2013.PDF) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2012/ACHAL_INVESYMENTS_LTD-538570-MARCH-2012.PDF) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2011/ACHAL_INVESYMENTS_LTD-538570-MARCH-2011.PDF) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2020-04-02 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=AAFF3DC9-9E41-4D9B-8BA9-D41B231B74FC-172406.pdf) |
| 2020-02-05 | [Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve Unaudited Financial Results For The Quarter Ended 31.12.2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fde6b17-55c9-492d-828d-9bab125b99cc.pdf) |
| 2020-01-20 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=394c0011-23ba-478d-98e2-ee1fa95704e9.pdf) |
| 2020-01-02 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32a1d939-c1a7-4a8d-8576-20bbf6732f1f.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 2026-09-13T18:59:11.685Z.