Market Cap
₹802.8m
Last Updated
2020/02/24 12:55 UTC
Data Sources
Company Financials
Executive Summary
Ashima Limited manufactures and sells textile and related products in India.
Risk Analysis
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has Ashima's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASHIMASYN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.1%
ASHIMASYN
1.1%
IN Luxury
-0.07%
IN Market
1 Year Return
-52.7%
ASHIMASYN
17.4%
IN Luxury
9.5%
IN Market
Return vs Industry: ASHIMASYN underperformed the Indian Luxury industry which returned 17.4% over the past year.
Return vs Market: ASHIMASYN underperformed the Indian Market which returned 9.5% over the past year.
Shareholder returns
| ASHIMASYN | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | 1.1% | -0.07% |
| 30 Day | -20.4% | 2.3% | -1.3% |
| 90 Day | -9.4% | 10.5% | 1.9% |
| 1 Year | -52.7%-52.7% | 18.1%17.4% | 11.5%9.5% |
| 3 Year | -58.7%-58.7% | 54.7%52.9% | 23.6%16.7% |
| 5 Year | -13.0%-32.4% | 107.0%100.1% | 35.5%22.9% |
Price Volatility Vs. Market
How volatile is Ashima's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Kind Of Investor Owns Most Of Ashima Limited (NSE:ASHIMASYN)?1 month ago | Simply Wall St
Ashima (NSE:ASHIMASYN) Is Carrying A Fair Bit Of Debt2 months ago | Simply Wall St
The Ashima (NSE:ASHIMASYN) Share Price Is Down 53% So Some Shareholders Are Wishing They SoldValuation
Is Ashima undervalued compared to its fair value and its price relative to the market?
0.46x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ASHIMASYN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ASHIMASYN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ASHIMASYN is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: ASHIMASYN is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ASHIMASYN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ASHIMASYN is good value based on its PB Ratio (0.5x) compared to the IN Luxury industry average (0.5x).
Next Steps
Future Growth
How is Ashima forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.8%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ashima has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Ashima's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Ashima competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Ashima performed over the past 5 years?
34.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASHIMASYN is currently unprofitable.
Growing Profit Margin: ASHIMASYN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ASHIMASYN is unprofitable, but has reduced losses over the past 5 years at a rate of 34.5% per year.
Accelerating Growth: Unable to compare ASHIMASYN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ASHIMASYN is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).
Return on Equity
High ROE: ASHIMASYN has a negative Return on Equity (-5.88%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Ashima's financial position?
Financial Position Analysis
Short Term Liabilities: ASHIMASYN's short term assets (₹1.3B) exceed its short term liabilities (₹363.0M).
Long Term Liabilities: ASHIMASYN's short term assets (₹1.3B) exceed its long term liabilities (₹207.3M).
Debt to Equity History and Analysis
Debt Level: ASHIMASYN's debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: ASHIMASYN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Inventory Level: ASHIMASYN has a high level of physical assets or inventory.
Debt Coverage by Assets: ASHIMASYN's debt is covered by short term assets (assets are 6.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ASHIMASYN has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: ASHIMASYN has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Ashima's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ASHIMASYN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ASHIMASYN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ASHIMASYN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ASHIMASYN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ASHIMASYN's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average board tenure
CEO
Chintan Parikh (62yo)
15yrs
Tenure
Mr. Chintan Navnit Parikh is the founder and serves as the Chairman of the Board and Chief Executive Officer of Ashima Dyecot/Syntex. Mr. Parikh serves as the Chairman of the Board of Ashima Ltd and has be ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 15yrs | no data | 0.14% ₹1.1m | |
| Independent Director | 13.8yrs | ₹39.00k | 0.0027% ₹21.3k | |
| Non-Executive Independent Director | 3.5yrs | ₹52.00k | no data | |
| Independent Director | 5.2yrs | ₹69.00k | no data | |
| Additional Non-Executive Independent Director | 1.3yrs | ₹23.00k | no data | |
| Additional Non- Executive Non-Independent Director | 0.8yrs | no data | no data |
3.5yrs
Average Tenure
57yo
Average Age
Experienced Board: ASHIMASYN's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ashima Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ashima Limited
- Ticker: ASHIMASYN
- Exchange: NSEI
- Founded: 1982
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹802.837m
- Shares outstanding: 128.45m
- Website: https://www.ashima.in
Number of Employees
Location
- Ashima Limited
- Texcellence Complex
- Near Anupam Cinema
- Ahmedabad
- Gujarat
- 380021
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 514286 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jul 1995 |
| ASHIMASYN | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jul 1995 |
Biography
Ashima Limited manufactures and sells textile and related products in India. It offers denim fabrics and yarn dyed cotton fabrics; and piece dyed and printed fabrics. The company also offers a range of shirts and jeans for men and women, as well as provides ready-to-stitch trouser and shirt fabric packs for men. It sells its products under the Frank Jefferson and ICON brands. The company also exports its products to approximately 45 countries. Ashima Limited was founded in 1982 and is based in Ahmedabad, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 12:55 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.