---
title: "Aspire & Innovative Advertising Ltd (ASPIRE) — Share Price, Financials & Analysis"
symbol: "ASPIRE"
company: "Aspire & Innovative Advertising Ltd"
canonical: "https://tapetide.com/stocks/ASPIRE"
isin: "INE0S7801010"
nse_symbol: "ASPIRE"
sector: "Consumer Goods"
industry: "Household Appliances"
market_cap_cr: 20.41
generated_at: "2026-09-13T18:19:25.462Z"
---

# Aspire & Innovative Advertising Ltd (ASPIRE)

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

## Company

- **NSE Symbol:** ASPIRE
- **ISIN:** INE0S7801010
- **Sector:** Consumer Goods
- **Industry:** Household Appliances
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aspireinnovate.in

## About

Incorporated in 2017, Aspire & Innovative Advertising Ltd manufacturing and sale of electronic equipment, home appliances etc.[1]

## Latest Price

- **Price:** ₹13.1
- **Change:** -0.35 (-2.6%)
- **Open:** ₹13.7
- **Day High:** ₹13.7
- **Day Low:** ₹12.8
- **Previous Close:** ₹13.45
- **Volume:** 36000
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:44.600532Z.

- **Market Cap:** ₹20.41 Cr
- **Classification:** SME
- **P/E (reported):** 8
- **Book Value:** ₹34.54
- **Price to Book:** 0.39
- **Dividend Yield:** 0%
- **ROE:** 4.89%
- **ROCE:** 8.27%
- **Debt to Equity:** 0.35
- **Revenue (yearly):** ₹179.3 Cr
- **Net Income:** ₹2.6 Cr
- **EBITDA:** ₹4.9 Cr
- **52-Week High:** ₹26.3
- **52-Week Low:** ₹10.2
- **RSI (14):** 46.62

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Flat
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 48.41 | 9% |
| growth | 51.33 | 9% |
| momentum | 51.41 | 12% |
| ownership | 50 | 24% |
| quality | 74.82 | 22% |
| valuation | 58.37 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.38 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.3% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Earnings include an other income of Rs.3.06 Cr.
- Working capital days have increased from 54.4 days to 98.6 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -238.1% | -433.63% |
| ebitda margin growth | -25.34% | -23.89% | 5.38% |
| net income growth | -33.33% | -22% | 2% |
| revenue growth | 5.47% | -20% | 10% |
| roce | -26.23% | -73.25% | 28.88% |
| roe | -38.02% | 12.68% | -88.59% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 177 | 207 | 100 | 67 | 60 | 116 |
| Expenses | 171 | 200 | 98 | 66 | 59 | 115 |
| Operating Profit | 5 | 7 | 2 | 1 | 1 | 1 |
| OPM % | 3 | 3.6 | 1.9 | 2 | 1 | 1.1 |
| Other Income | 1 | 1 | 2 | 2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 7 | 3 | 2 | 1 | 2 |
| Tax % | 27 | 26 | 26 | 18 | 29 | 24 |
| Net Profit | 4 | 5 | 2 | 2 | 1 | 2 |
| EPS in Rs | 3.54 | 4.84 | 1.42 | 1.14 | 0.59 | 1.09 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 137 | 108 | 255 | 346 | 384 | 167 | 176 |
| Expenses | 135 | 105 | 249 | 338 | 371 | 164 | 174 |
| Operating Profit | 3 | 3 | 7 | 7 | 13 | 3 | 2 |
| OPM % | 2 | 3 | 2.6 | 2.1 | 3.3 | 2 | 1.1 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit before tax | 3 | 3 | 6 | 7 | 13 | 5 | 3 |
| Tax % | 28 | 29 | 29 | 26 | 27 | 23 | 25 |
| Net Profit | 2 | 2 | 4 | 5 | 9 | 4 | 3 |
| EPS in Rs | 2000 | 2280 | 39.33 | 47.79 | 8.38 | 2.56 | 1.69 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 1 | 1 | 11 | 15 | 15 |
| Reserves | 3 | 5 | 9 | 14 | 26 | 34 | 37 |
| Borrowings | 0 | 1 | 1 | 9 | 13 | 9 | 18 |
| Other Liabilities | 18 | 29 | 42 | 38 | 67 | 37 | 25 |
| Total Liabilities | 21 | 35 | 53 | 63 | 117 | 96 | 95 |
| Fixed Assets | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 0 | 2 | 0 | 0 | 0 | 1 |
| Other Assets | 16 | 34 | 50 | 62 | 115 | 94 | 93 |
| Total Assets | 21 | 35 | 53 | 63 | 117 | 96 | 95 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4 | -3 | 7 | -13 | -7 | 1 | -23 |
| Cash from Investing Activity | -4 | 5 | -2 | 2 | -1 | 0 | -1 |
| Cash from Financing Activity | -1 | 0 | 1 | 7 | 15 | 3 | 8 |
| Net Cash Flow | -2 | 2 | 5 | -4 | 8 | 4 | -16 |
| Free Cash Flow | 3 | -4 | 6 | -13 | -8 | 0 | -23 |
| CFO/OP | 172 | -74 | 136 | -150 | -29 | 78 | -1082 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 23 | 50 | 11 | 20 | 57 | 67 | 79 |
| Inventory Days | 17 | 64 | 62 | 44 | 43 | 86 | 36 |
| Days Payable | 52 | 111 | 78 | 52 | 71 | 71 | 42 |
| Cash Conversion Cycle | -12 | 4 | -6 | 12 | 29 | 82 | 73 |
| Working Capital Days | -11 | 4 | -3 | 12 | 20 | 44 | 99 |
| ROCE % | — | 72 | 74 | 42 | 37 | 11 | 7 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 98.85% | 98.85% | 72.35% | 72.35% | 72.35% | 72.35% | 72.35% | 72.35% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 1.53% | 1.53% | 1.53% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 20.61% | 20.78% | 20.82% | 21.22% | 20.8% | 20.44% |
| Others | 1.15% | 1.15% | 7.04% | 6.87% | 6.83% | 4.9% | 5.32% | 5.68% |
| No. of Shareholders | 0 | 7 | 902 | 775 | 783 | 777 | 735 | 729 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 13.33 | Sell |
| EMA (10) | 13.4 | Sell |
| SMA (20) | 13.77 | Sell |
| EMA (20) | 13.65 | Sell |
| SMA (50) | 14.04 | Sell |
| EMA (50) | 14.03 | Sell |
| SMA (100) | 14.14 | Sell |
| EMA (100) | 14.58 | Sell |
| SMA (200) | 15.5 | Sell |
| EMA (200) | 17.35 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.86 | Neutral |
| MACD (12,26,9) | -0.3 | Sell |
| Stochastic (14,3,3) | 29.82 | Neutral |
| ADX (14) | 23.68 | Neutral |
| Williams %R (14) | -65.71 | Neutral |
| ATR (14) | 0.72 | High Volatility |
| ROC (12) | -5.76 | Sell |
| Stoch RSI (14) | 32.68 | Neutral |
| UO (7,14,28) | 57.9 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Submitted reconciliation of share capital audit report for quarter ended June 30, 2026. | [Updates 9 Jul - Submitted reconciliation of share capital audit report for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/ASPIRE_09072026144524_Reconciliation_report.pdf) |
| 9 Feb - Approved Q3/9M unaudited results (Dec 31,2025); K.K. Kanoria relinquishes role; Saket Kanoria becomes Chairman‑MD effective Feb 10,2026. | [Announcement under Regulation 30 (LODR)-Change in Management 9 Feb - Approved Q3/9M unaudited results (Dec 31,2025); K.K. Kanoria relinquishes role; Saket Kanoria becomes Chairman‑MD effective Feb 10,2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/468fdfb9-ac4c-476c-a605-2f26e3ba430a.pdf) |
| 9 Feb - Accura Technik (wholly-owned) began commercial production in Silvassa on Feb 9, 2026; capacity ~12,000 cylinders/year. | [Commencement Of Commercial Production 9 Feb - Accura Technik (wholly-owned) began commercial production in Silvassa on Feb 9, 2026; capacity ~12,000 cylinders/year.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e0d1854-3005-4e74-bc31-130ed21ac751.pdf) |
| 7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat requests received.](https://nsearchives.nseindia.com/corporate/ASPIRE_07072026164918_Reg_74_5_.pdf) |
| 7 January 2026 - Non-applicability of SEBI LODR corporate governance provisions for quarter ended Dec 31, 2025 due to Emerge listing. | [General Updates 7 January 2026 - Non-applicability of SEBI LODR corporate governance provisions for quarter ended Dec 31, 2025 due to Emerge listing.](https://nsearchives.nseindia.com/corporate/ASPIRE_07012026152101_NON_APPLICABILTY.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; shares held fully in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; shares held fully in demat form.](https://nsearchives.nseindia.com/corporate/ASPIRE_07042026171204_Reg-_74_5_.pdf) |
| 7 April 2026 - Filed non-applicability certificate for corporate governance compliance for quarter ended March 31, 2026. | [General Updates 7 April 2026 - Filed non-applicability certificate for corporate governance compliance for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/ASPIRE_07042026173309_reg_27_2_.pdf) |
| 6 May 2026 - Promoters disclosed no encumbrance on company shares under SEBI Regulation 31(4). | [Disclosure under SEBI Takeover Regulations 6 May 2026 - Promoters disclosed no encumbrance on company shares under SEBI Regulation 31(4).](https://nsearchives.nseindia.com/corporate/team_sandeshc_16042026122000_ANNUAL7.pdf) |
| 5 Aug - Company published AGM notice in Financial Express and Jansatta for August 26, 2026 meeting. | [Copy of Newspaper Publication 5 Aug - Company published AGM notice in Financial Express and Jansatta for August 26, 2026 meeting.](https://nsearchives.nseindia.com/corporate/ASPIRE_05082026124238_newpaper_add_intimation_to_nse.pdf) |
| 4 Aug - 9th AGM on August 26, 2026; shareholders to approve financials and appoint two directors. | [Shareholders meeting 4 Aug - 9th AGM on August 26, 2026; shareholders to approve financials and appoint two directors.](https://nsearchives.nseindia.com/corporate/ASPIRE_04082026211008_ANNUAL_RETURN_2025-26.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6ab9435-cf2a-41a5-85cb-267603753f1b.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d50b448-dcc6-45aa-b207-e3991b13f384.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ddcaf8b8-b939-4cb2-8363-e9bf04d04327.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85b8e44f-0b7b-4633-a686-7f47f5e9d64e.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c53892e-293b-4924-8c7d-62a3a981a3ec.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01ca0554-0c2c-456c-94ee-9f0b2058c2a3.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db23c171-c2e0-4197-acbb-bb3417e4f449.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02836e1d-e759-4e75-b25f-005a7976b303.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c951800c-2026-4e2b-a7ec-5331b357df9d.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20a12044-56ef-40e6-ad34-4f80c79c2cd6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28877_ASPIRE_2024_2025_A_1549163_07092025164555.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25952_ASPIRE_2023_2024_0609202413352.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75fc1c0c-d475-47c9-956f-46257b4580ef.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13886890-212d-4a66-8d12-2505f22f3fe9.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e05b0861-246d-46a7-864e-24246633a289.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523301/73760523301.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523301/69254523301.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523301/5233010320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/523301/5233010319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523301/5233010318.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 2026-09-13T18:19:25.462Z.