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Ashima Limited (ASHIMASYN) · mywealthgrid

About

Ashima Limited manufactures Other Textile Products in the textiles and apparels industry. With a market cap of ₹335.67 Cr, it is a micro-cap operator that reported highly volatile quarterly revenue (₹0.39–₹8.33 Cr) and profitability swings, including nine consecutive quarterly losses before a recovery in June 2026.

Face value: ₹10

Market cap

₹293 Cr

P/E

—

P/B

1.1×

Dividend yield

ROE

-7.1%

ROCE

0.7%

Debt / equity

0.59

OPM

-56.4%

EPS (TTM)

₹-0.8

Book value

₹14.4

52-week high

₹22.9

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme operational volatility: quarterly revenue spans ₹0.39–₹8.33 Cr (21x range) and operating margins swing from -592% to +39%; only two profitable quarters out of eleven recent periods raises doubts about sustainability of the Jun 2026 recovery.
Unprofitable on aggregate: ROE -7.06%, PE n/a, aggregate OPM -56.37%; explain what caused nine consecutive quarterly losses and why they reversed in Jun.
Stock under pressure: 1-year return -26.34%, price down from 52-week high ₹26.92 to current ₹17.51; verify if weakness reflects loss of confidence or valuation reset.
Micro-cap liquidity and leverage risk: market cap ₹335.67 Cr with FII 0.14%, DII 0% ownership; D/E 0.59 is moderate but earnings unpredictability raises debt-servicing risk if profitability relapses.

Generated analysis · source review pending

Growth drivers

Jun 2026 profitability recovery ended nine consecutive quarterly losses; sustaining OPM 33–39% would restore EPS to positive (0.07–0.10 from -0.44 to -0.39).
Revenue rebound from trough: Jun ₹7.74–₹8.33 Cr is 10–20x higher than Dec ₹0.39–₹0.78 Cr; verify if seasonal spike, sector recovery, or durable demand improvement.
Moderate leverage at D/E 0.59 allows financial flexibility; sustained profitability would generate cash for operations and potential strategic investment.

Generated analysis · source review pending

₹15.3-33.2%1Y

Beta

1.48

Amplifies index moves

Volatility (1y)

52.4%

Annualised, daily returns

RSI (14)

26.3

Oversold territory

Rel. strength (1y)

-41.9%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+High promoter holding of 73.5% with no pledge

Cons

−Low return on equity of 7.4% (3-yr avg)
−Revenue shrank over the last 5 years (-46.9% a year)
−Weak interest coverage of 0.3×

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 14
Growth: 50
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
	285	141	207	90	10	12
COGS	154	78	119	9	-85	-91
Gross profit	132	63	88	81	—	—
	135	78	96	9	91	109
	-4	-15	-7	72	4	-7
OPM %	-1.3%	-10.4%	-3.5%	80.3%	38.9%	-56.4%
Depreciation	5	5	3	1	1	0
Interest	2	3	2	4	7	9
	8	11	30	2	-16	-6
Profit before tax	-3	-11	18	96	-19	-22
Tax	0	0	0	0	-0	-1
Tax %	0%	1.5%	0%	0.1%	-0.2%	-6.8%
	-3	-11	18	96	-19	-20
PAT margin %	-1.2%	-8.1%	8.7%	107.6%	-181.3%	-169%
EPS (₹)	-0.2	-0.6	-0.8	5	-1	-1.1
EPS adjusted (₹)	-0.6	-0.6	0.9	5	-1	-1.1
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	53	192	192	192	192	192	192
Reserves	—	18	35	—	125	107	85
	—	22	18	—	124	122	164
	—	38	73	—	92	82	116
Total equity & liabilities	—	269	318	—	533	502	557
	139	134	117	134	131	47	42
CWIP	—	1	8	—	7	0	—
Investments	—	3	13	—	31	31	137
	—	131	180	—	364	425	378
Total assets	—	269	318	—	533	502	557

₹ Cr	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
	-8	-26	-39	-20	-40
	-7	37	-3	29	-41
	13	-6	86	-10	34
Net cash flow	-2	5	44	-0	-48
Free cash flow	-9	-37	-44	-20	-41
CFO / Operating profit %	—	—	-53.6%	-486.8%	—

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Real Estate	5.66	-1.39	303.24	104.16	199.08	-0.7
Investment	4.76	0.98

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.1%	44.6%	42.6%	89.9%	—	—
EBITDA margin %	-1.3%	-10.6%	-3.5%	80.3%	38.9%	-56.4%
EBIT margin %	-3.2%	-13.9%	-4.9%	79.4%	32.6%	-58.7%
PAT margin %	-1.2%	-8.1%	8.7%	107.6%	-181.3%	-169%
Working capital
Receivable days	—	37	39	152	137	65
Inventory days	—	171	236	7,521	11,481	5,644
Payable days	—	97	130	1,733	306	168
NWC days	—	111	145	5,940	11,312	5,541
Leverage
Current ratio	—	2.98	2.19	3.04	4.07	3.16
Debt to EBITDA	—	—	—	1.72	29.81	—
Debt to equity	—	0.11	0.08	0.39	0.41	0.59
Interest coverage	-0.7	-2.7	-3.3	20	1	0.3
Asset turnover	—	0.53	0.65	0.17	0.02	0.02
Return ratios
Return on assets %	—	-4.3%	5.6%	18.1%	-3.8%	-3.6%
Return on capital employed %	—	-3.7%	-3.3%	21.7%	1.5%	0.7%
Return on equity %	—	-5.5%	7.9%	30.4%	-6.4%	-7.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%	73.49%
	0.03%	0.03%	0.03%	0.1%	0%	0%	0.03%	0.05%	0.04%	0.1%	0.14%	0.14%
DII	0%	0%	0%	0.07%	0.13%	0.13%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.48%	26.48%	26.48%	26.34%	26.38%	26.38%	26.48%	26.46%	26.47%	26.41%	26.37%	26.37%
No. of shareholders	—	—	—	—	—	—	—	—	42,683	41,405	40,604	39,866

Promoter holding up 0 percentage points since Sep 2023.

7 deals · 11 Jan 2024 – 29 May 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 May 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	10,62,581	₹33.84	₹3.60 Cr
29 May 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	10,54,229	₹33.77	₹3.56 Cr
28 May 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	12,29,473	₹31.23	₹3.84 Cr
28 May 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	12,19,631	₹31.11	₹3.79 Cr
5 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	10,89,343	₹23.88	₹2.60 Cr
5 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	10,89,343	₹23.82	₹2.59 Cr
11 Jan 2024	RAAJDEEP ENTERPRISES	Bulk	NSE	Sell	10,00,000	₹21.99	₹2.20 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. CHINTAN NAVNITLAL PARIKHExecutive Director-Chairperson related to Promoter-MD
Mr. KRISHNACHINTAN CHINTAN PARIKHExecutive Director
Mrs. KOUSHLYA VIJAY MELWANINon-Executive - Independent Director
Mr. NILESH BANSILAL MEHTANon-Executive - Independent Director
Mr. NEERAJ GOLASNon-Executive - Independent Director
Mr. MALAY JAYENDRA DALALNon-Executive - Independent Director
Mrs. Vanita MathurChief Executive Officer
Ms. Uttara Chintan ParikhNon - Executive Non -Independent Director
Mr. Jayesh C BhayaniChief Financial Officer
Mr. Harshil K. ShahCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ashima Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results18 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

22 Sept 2026, 5:08 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

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Date	Category	Subject	Filing
22 Sept 2026, 5:08 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
22 Sept 2026, 3:50 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
22 Sept 2026, 3:49 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
11 Sept 2026, 4:25 pm	Insider Trading / SAST Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Reg. 2011	Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011	PDF
11 Aug 2026, 6:32 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
20 Jul 2026, 12:28 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
18 Jul 2026, 4:27 pm	Result Financial Results	Unaudited Financial Results For The Quarter Ended 30.06.2026	PDF
18 Jul 2026, 4:08 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On 18Th July, 2026	PDF

Ashima Limited

Ashima Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded sales growth

Stock price CAGR

Return on equity

Investment · revenue

Ashima Limited

Ashima Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Stock price CAGR

Return on equity

Investment · revenue

1

1