Ashnisha Industries
ASHNISHAINDUSTRIESLTD NSE
Ashnisha Industries
Commercial ServicesNSE: ASHNISHAINDUSTRIESLTD BSE: 541702 Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹66.51 Cr
Volatility
Low Risk
P/E Ratio
254
EBITDA
₹0.80 Cr
Return on Equity
0.19%
Debt to Equity
0.05
Book Value
₹4.14
EPS
₹0.07
52W High
₹5.36
52W Low
₹2.48
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.59 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%
Growth Rate
Revenue Growth
45.28% higher than
3Y
Net Income Growth
0% higher than
3Y
Cash Flow Change
-231%
ROE
-13.64% lower than
3Y
ROCE
-83.87% higher than
3Y
EBITDA Margin (Avg.)
-67.24% lower than
3Y
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 | 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 in Rs | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit & Loss
| 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 in Rs | -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
| 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
| 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
58 extracted metrics + investor summaries across FY16–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on March 31, 2026 4 Apr - Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on March 31, 2026
2
Closure of Trading Window
24 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 March 2026. 24 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 March 2026.
3
Board Meeting Outcome for Outcome Of Separate Meeting Of Independent Directors Of The Company
23 Mar - Independent directors met 23 Mar 2026; reviewed board, chair performance and information flow. 23 Mar - Independent directors met 23 Mar 2026; reviewed board, chair performance and information flow.
4
Board Meeting Intimation for Independent Director''s Meeting To Be Held On 23/03/2026
18 Mar - Independent Directors' separate meeting on 23 March 2026 to review board, chair performance and information flow. Checklist: - Confirm regulatory requirement under Regulation 25(3) LODR … 18 Mar - Independent Directors' separate meeting on 23 March 2026 to review board, chair performance and information flow. Checklist: - Confirm regulatory requirement under Regulation 25(3) LODR …
5
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
4 Mar - 2 special resolutions passed 4 Mar 2026: regularize Kunjan Rathod as independent director; amend MOA object clause. 4 Mar - 2 special resolutions passed 4 Mar 2026: regularize Kunjan Rathod as independent director; amend MOA object clause.
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.[1]
Where is Ashnisha Industries Ltd (541702) listed?
Ashnisha Industries Ltd trades as ASHNISHAINDUSTRIESLTD on the NSE and 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 market capitalisation of Ashnisha Industries Ltd?
Ashnisha Industries Ltd has a market capitalisation of ₹66.51 Cr, which places it in the Small Cap band.
What is the PE ratio of Ashnisha Industries Ltd?
Ashnisha Industries Ltd trades at a PE ratio of 254.00, on earnings per share of ₹0.07, against a book value of ₹4.14 per share.
What is the 52-week high and low of Ashnisha Industries Ltd?
Over the last 52 weeks Ashnisha Industries Ltd has traded between ₹2.48 and ₹5.36.
What is the Return on Equity (ROE) of Ashnisha Industries Ltd?
Ashnisha Industries Ltd reported a return on equity of 0.19%. Its debt-to-equity ratio is 0.05.
Company Information
Incorporated in 2009, Ashnisha Industries Ltd does trading of various steel products and goods.[1]
Website ashnisha.in
CEO Mr. Ashok Chinubhai Shah B.S. Chem., I.JSA
Employees 1
Listed 2018-07-31
Face Value ₹ 1
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