--- title: "Ashco Niulab Industries (ASHCONIUL) Financials & Shareholding" symbol: "ASHCONIUL" company: "Ashco Niulab Industries Ltd" canonical: "https://tapetide.com/stocks/ASHCONIUL" generated_at: "2026-11-05T01:44:17.295Z" --- # Ashco Niulab Industries (ASHCONIUL) Canonical page: https://tapetide.com/stocks/ASHCONIUL ## Company - **In the F&O segment:** No ## Key Insights ### Strengths - Stock is trading at 0.03 times its book value ### Weaknesses - Company has low interest coverage ratio. - The company has delivered a poor sales growth of -14.6% over past five years. - Company has high debtors of 526 days. ## Growth Rate Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure. Annual windows: The latest annual results are more than two years old, so no annual growth is shown. Trailing twelve months: No quarterly results are reported. ## Financial Statements Not shown: Quarterly Results. Not this company's figures: left behind by an earlier update and not confirmed by the latest one. ### Profit & Loss Figures in ₹ crore unless the row name gives another unit. | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 18m | Mar 2012 6m | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Sales | 35.94 | 40.69 | 67.76 | 64.83 | 68.31 | 121 | 18.44 | | Expenses | 29.95 | 40.64 | 70.37 | 70.09 | 71.11 | 120 | 24.45 | | Operating Profit | 5.99 | 0.05 | -2.61 | -5.26 | -2.8 | 0.69 | -6.01 | | OPM % | 16.67% | 0.12% | -3.85% | -8.11% | -4.1% | 0.57% | -32.59% | | Other Income | 0.33 | 7.76 | 13.45 | 14.99 | 13.53 | 3.52 | 6.11 | | Interest | 1.85 | 2.27 | 3.5 | 4.25 | 4.51 | 8.61 | 4.11 | | Depreciation | 1.9 | 2.55 | 3.36 | 5.81 | 6.14 | 9.55 | 2.98 | | Profit before tax | 2.57 | 2.99 | 3.98 | -0.33 | 0.08 | -13.95 | -6.99 | | Tax % | 40.08% | 36.12% | 54.02% | 318.18% | 1,400% | -10.18% | 0% | | Net Profit | 1.54 | 1.91 | 1.83 | -1.38 | -1.04 | -12.53 | -6.99 | | EPS in Rs | 1.28 | 1.59 | 1.52 | -1.15 | -0.33 | -1.93 | -1.08 | | Dividend Payout % | 0% | 0% | 65.57% | 0% | 0% | 0% | 0% | ### Balance Sheet Figures in ₹ crore unless the row name gives another unit. | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 | Mar 2012 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Equity Capital | 12 | 12 | 12 | 12 | 31.2 | 64.98 | 64.98 | | Reserves | 3.25 | 5.16 | 5.58 | 4.2 | 2.88 | 6.07 | 0.46 | | Borrowings | 19.56 | 19.66 | 43.11 | 37.38 | 35.62 | 40.17 | 36.96 | | Other Liabilities | 6.05 | 15.84 | 44.8 | 43.91 | 21.04 | 20.91 | 19.7 | | Total Liabilities | 40.86 | 52.66 | 105 | 97.49 | 90.74 | 132 | 122 | | Fixed Assets | 17.33 | 17.31 | 33.36 | 33.79 | 28.06 | 24.74 | 17.13 | | CWIP | 1.15 | 1.49 | 0.14 | 0.16 | 0 | 0.04 | 0 | | Investments | 0.77 | 0.79 | 0.87 | 0.87 | 0.87 | 0.09 | 0.06 | | Other Assets | 21.61 | 33.07 | 71.12 | 62.67 | 61.81 | 107 | 105 | | Total Assets | 40.86 | 52.66 | 105 | 97.49 | 90.74 | 132 | 122 | ### Cash Flow Figures in ₹ crore unless the row name gives another unit. | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 | Mar 2012 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Cash from Operating Activity | 6.35 | -2.56 | -12.28 | 14.25 | 4.68 | -37.42 | 2.88 | | Cash from Investing Activity | -10.7 | 0.98 | -1.29 | -5.59 | -0.17 | -3.73 | 3.08 | | Cash from Financing Activity | 4.69 | 0.97 | 14.2 | -9.54 | -4.96 | 42.25 | -4.93 | | Net Cash Flow | 0.34 | -0.61 | 0.63 | -0.88 | -0.45 | 1.1 | 1.03 | | Free Cash Flow | -4.37 | -1.58 | -13.68 | 8.6 | 4.48 | -42.59 | 5.88 | | CFO/EBITDA | 126 | -4,400 | 382 | -302 | -225 | -5,152 | -48 | ### Ratios | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 | Mar 2012 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Debtor Days | 70.58 | 86.92 | 191 | 156 | 95.59 | 102 | 526 | | Inventory Days | 112 | 197 | 173 | 172 | 145 | 62.27 | 432 | | Days Payable | 68.68 | 158 | 131 | 113 | 88.82 | 29.67 | 118 | | Cash Conversion Cycle | 113 | 126 | 234 | 215 | 152 | 134 | 840 | | Working Capital Days | 155 | 163 | 246 | 217 | 222 | 92.03 | 508 | | ROCE % | — | 3.91% | 15.34% | 5.79% | 7.38% | -7.65% | — | ## Shareholding Pattern Not shown: Shareholding Pattern. Not this company's figures: left behind by an earlier update and not confirmed by the latest one. ## Documents ### Annual reports | Year | Report | | --- | --- | | FY2012 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/517565/5175650312.pdf) | | FY2011 | [Annual report](https://archives.nseindia.com/annual_reports/AR_ASHCONIUL_2010_2011_27022012101212.zip) | | FY2010 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/517565/5175650310.pdf) | ### Exchange filings | Date | Document | | --- | --- | | 6 Mar 2026 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92f0d39b-fe3b-4a92-9d4d-1024d594c4df.pdf) | ## Frequently Asked Questions about Ashco Niulab Industries ### What does Ashco Niulab Industries Ltd do? Ashco Niulab Industries Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, and National Stock Exchange Limited, the company is engaged in Analytical Instruments, its accessories and services. ## Company Information Ashco Niulab Industries Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, and National Stock Exchange Limited, the company is engaged in Analytical Instruments, its accessories and services. - **Website:** https://ashconiulab.com/ - **Face Value:** ₹10 --- Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time. Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text. For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser. Generated 5 Nov 2026, 07:14 IST.