Ashnisha Industries
Commercial Services
541702 BSE
₹2.28
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹2.28 −1.02 −30.9% 1Y
Start ₹3.30
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures at the close · EPS basis: Consolidated · TTM
- ROCE
- 0.25%
- Debt to Equity
- 0.05
- EPS (TTM)
- ₹0.00
- Book Value
- ₹4.14
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.55
- ROE
- 0.29%
- Dividend Yield
- 0.00%
- EBITDA
- ₹80.00 L
- 52W High
- ₹5.36
- 52W Low
- ₹2.17
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
43 Weak
Data confidence 93/100
Category scores
- Quality
- 31
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 30
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 99
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 67
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 7
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.57 times its book value
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.81% over past five years.
- Promoter holding is low: 6.61%
- Company has a low return on equity of 0.68% over last 3 years.
- Company has high debtors of 457 days.
- Promoter holding has decreased over last 3 years: -20.5%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 7 | 2 |
| Oscillators | Bullish | 0 | 7 | 2 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
0
Neutral
7
Bullish
2
Overall
Strong Bearish
Bearish
10
Neutral
7
Bullish
2
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 42.04
- Neutral
- MACD (12,26,9)
- −0.07
- Bullish
- SMA (50)
- 2.51
- Bearish
- SMA (200)
- 3.43
- Bearish
As of
Growth Rate
From the financial statements below. 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
| 5Y | +4.81% |
|---|---|
| 3Y | −13.19% |
| 1Y | +166.05% |
| TTM | +191.82% |
Net profit
| 5Y | Turned to profit |
|---|---|
| 3Y | −34.75% |
| 1Y | +47.06% |
| TTM | −29.17% |
Operating cash flow
| 5Y | Turned negative |
|---|---|
| 3Y | Outflow widened by ₹33.29 Cr |
| 1Y | Outflow widened by ₹29.47 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −17.56 pp |
|---|---|
| 3Y | −11.75 pp |
| 1Y | +69.79 pp |
| TTM | +59.82 pp |
Revenue by year
| Mar 2018 | ₹11.81 Cr |
|---|---|
| Mar 2019 | ₹74.21 Cr |
| Mar 2020 | ₹26.80 Cr |
| Mar 2021 | ₹10.16 Cr |
| Mar 2022 | ₹9.01 Cr |
| Mar 2023 | ₹19.64 Cr |
| Mar 2024 | ₹12.47 Cr |
| Mar 2025 | ₹4.83 Cr |
| Mar 2026 | ₹12.85 Cr |
Net profit by year
| Mar 2018 | −₹0.66 Cr |
|---|---|
| Mar 2019 | ₹4.02 Cr |
| Mar 2020 | −₹4.51 Cr |
| Mar 2021 | −₹0.69 Cr |
| Mar 2022 | ₹0.42 Cr |
| Mar 2023 | ₹0.90 Cr |
| Mar 2024 | ₹0.96 Cr |
| Mar 2025 | ₹0.17 Cr |
| Mar 2026 | ₹0.25 Cr |
Quarterly Results
₹ Cr| 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 | 2.55 | 2.06 | 1.06 | 6.8 | 0.42 | 0.69 | 2.69 | 1.04 | 0.35 | 4.49 | 2.59 | 5.51 | 1.33 |
| Expenses | 2.28 | 2.17 | 0.88 | 7.59 | 1.32 | 0.81 | 2.74 | 3.96 | 0.6 | 4.66 | 2.71 | 6.58 | 1.39 |
| Operating Profit | 0.27 | −0.11 | 0.18 | −0.79 | −0.9 | −0.12 | −0.05 | −2.92 | −0.25 | −0.17 | −0.12 | −1.07 | −0.06 |
| OPM % | 10.59% | −5.34% | 16.98% | −11.62% | −214.29% | −17.39% | −1.86% | −280.77% | −71.43% | −3.79% | −4.63% | −19.42% | −4.51% |
| Other Income | 0.12 | 0.49 | 0.16 | 1.63 | 1.08 | 0.27 | 0.19 | 4.24 | 0.5 | 0.35 | 0.31 | 1.29 | 0.23 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.08 | 0.07 | 0.07 | 0.3 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| PBT | 0.31 | 0.31 | 0.27 | 0.54 | 0.05 | 0.02 | 0.01 | 1.19 | 0.12 | 0.05 | 0.06 | 0.09 | 0.04 |
| Tax % | 0% | 22.58% | 25.93% | 62.96% | 0% | 50% | 0% | 91.6% | 0% | 0% | 0% | 88.89% | 0% |
| Net Profit | 0.31 | 0.24 | 0.2 | 0.2 | 0.05 | 0.01 | 0.01 | 0.1 | 0.12 | 0.06 | 0.06 | 0.01 | 0.04 |
| EPS (₹) | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit & Loss
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.81 | 74.21 | 26.8 | 10.16 | 9.01 | 19.64 | 12.47 | 4.83 | 12.85 | 13.92 |
| Expenses | 11.82 | 65.82 | 28.23 | 9.72 | 9.06 | 19.93 | 12.92 | 8.84 | 14.55 | 15.34 |
| Operating Profit | −0.01 | 8.39 | −1.43 | 0.44 | −0.05 | −0.29 | −0.45 | −4.01 | −1.7 | −1.42 |
| OPM % | −0.08% | 11.31% | −5.34% | 4.33% | −0.55% | −1.48% | −3.61% | −83.02% | −13.23% | −10.2% |
| Other Income | −0.64 | 0.64 | 0.4 | 0.64 | 2.27 | 1.74 | 2.4 | 5.79 | 2.54 | 2.18 |
| Interest | 0 | 0.69 | 0.24 | 0.1 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 4.1 | 3.66 | 1.7 | 0.98 | 0.3 | 0.52 | 0.52 | 0.52 | 0.52 |
| PBT | −0.66 | 4.24 | −4.93 | −0.72 | 1.23 | 1.14 | 1.43 | 1.26 | 0.32 | 0.24 |
| Tax % | 0% | 5.19% | −8.32% | −2.78% | 65.85% | 21.05% | 33.57% | 87.3% | 25% | — |
| Net Profit | −0.66 | 4.02 | −4.51 | −0.69 | 0.42 | 0.9 | 0.96 | 0.17 | 0.25 | 0.17 |
| EPS (₹) | −0.08 | 0.51 | −0.57 | −0.09 | 0.05 | 0.03 | 0.04 | 0.01 | 0.01 | 0 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.02 | 3.02 | 3.02 | 3.02 | 3.02 | 9.9 | 10.1 | 10.1 | 26.51 |
| Reserves | 9.16 | 13.19 | 41.85 | 41.16 | 41.58 | 46.47 | 50.46 | 50.61 | 83.22 |
| Borrowings | 1.67 | 69.92 | 1.74 | 3.18 | 1.74 | 1.69 | 3.77 | 46.13 | 5.38 |
| Other Liabilities | 1.54 | 9.64 | 19.41 | 25.09 | 22.3 | 26.91 | 29.46 | 21 | 20.6 |
| Total Liabilities | 15.39 | 95.77 | 66.02 | 72.45 | 68.64 | 84.97 | 93.79 | 128 | 136 |
| Fixed Assets | 0.05 | 14.55 | 8.9 | 13.42 | 12.7 | 12.17 | 11.66 | 11.14 | 10.64 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.34 | 7.32 |
| Investments | 2.17 | 1.37 | 4.16 | 4.01 | 0.59 | 0.59 | 3.59 | 2.82 | 0.77 |
| Other Assets | 13.17 | 79.85 | 52.96 | 55.02 | 55.35 | 72.21 | 78.54 | 114 | 117 |
| Total Assets | 15.39 | 95.77 | 66.02 | 72.45 | 68.64 | 84.97 | 93.79 | 128 | 136 |
Cash Flow
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | −11.57 | 57.79 | −67.29 | 16.56 | −17.99 | −8.93 | 2.96 | −12.75 | −42.22 |
| Investing | −0.77 | −16.33 | −0.4 | −3.78 | 4.61 | 1.74 | −0.75 | 0.62 | −3.15 |
| Financing | 12.36 | −41.41 | 72.1 | −2.5 | −1.28 | 9.66 | −4.01 | 11.52 | 52.49 |
| Net Cash Flow | 0.02 | 0.05 | 4.4 | 10.27 | −14.66 | 2.47 | −1.8 | −0.61 | 7.12 |
| Free Cash Flow | −11.63 | 42.86 | −65.3 | 11.98 | −18.25 | −8.93 | 2.96 | −13.09 | −49.21 |
| CFO/OP | 1,15,700 | 689 | 4,706 | 3,764 | 35,980 | 3,034 | −707 | 294 | 2,481 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 310 | 115 | 136 | 310 | 234 | 233 | 453 | 561 | 457 |
| Inventory Days | 0 | 33.79 | 111 | 63.95 | 51.1 | 0 | 7.81 | 0 | 0 |
| Days Payable | — | 33.16 | 38.77 | 411 | 82.73 | — | 361 | — | — |
| Cash Conversion Cycle | 310 | 116 | 207 | −36.69 | 203 | 233 | 100 | 561 | 457 |
| Working Capital Days | 359 | −197 | 345 | 271 | 1,072 | 655 | 930 | 3,411 | 2,453 |
| ROCE % | — | 9.81% | −6.27% | −0.98% | 0.94% | 1.68% | 1.84% | 1.23% | 0.25% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ashnisha Industries insights
55 extracted metrics across FY17–FY27.
Documents
- 27 May 2026
- 14 Feb 2026
- 14 Aug 2025
- General announcements 2 Oct 2026
Frequently Asked Questions about Ashnisha Industries
What does Ashnisha Industries Ltd do?
Incorporated in 2009, Ashnisha Industries Ltd does trading of various steel products and goods.
Where is Ashnisha Industries Ltd (ASHNI) listed?
Ashnisha Industries Ltd trades under code 541702 on the BSE.
Which sector does Ashnisha Industries Ltd belong to?
Ashnisha Industries Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the 52-week high and low of Ashnisha Industries Ltd?
Over the last 52 weeks Ashnisha Industries Ltd has traded between ₹2.17 and ₹5.36 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Ashnisha Industries Ltd?
Ashnisha Industries Ltd reported a return on equity of 0.29%. Its debt-to-equity ratio is 0.05.
Company Information
Incorporated in 2009, Ashnisha Industries Ltd does trading of various steel products and goods.
Website ashnisha.in
CEO Mr. Ashok Chinubhai Shah B.S. Chem., I.JSA
Employees 1
Listed 31 Jul 2018
Face Value ₹1
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