| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
ASHIMASYN Stock Overview
Ashima Limited manufactures and sells denim fabrics and readymade garments in India.
Ashima Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹13.90 |
| 52 Week High | ₹23.40 |
| 52 Week Low | ₹10.40 |
| Beta | 1.28 |
| 1 Month Change | 9.45% |
| 3 Month Change | 23.01% |
| 1 Year Change | -23.63% |
| 3 Year Change | 90.41% |
| 5 Year Change | -40.85% |
| Change since IPO | -71.92% |
Recent News & Updates
Shareholders In Ashima (NSE:ASHIMASYN) Should Look Beyond Earnings For The Full Story
We didn't see Ashima Limited's ( NSE:ASHIMASYN ) stock surge when it reported robust earnings recently. We looked...
Shareholder Returns
| ASHIMASYN | IN Luxury | IN Market | |
|---|---|---|---|
| 7D | -5.1% | 0.3% | 0.6% |
| 1Y | -23.6% | 21.2% | 8.8% |
Return vs Industry: ASHIMASYN underperformed the Indian Luxury industry which returned 19.2% over the past year.
Return vs Market: ASHIMASYN underperformed the Indian Market which returned 8% over the past year.
Price Volatility
| ASHIMASYN volatility | |
|---|---|
| ASHIMASYN Average Weekly Movement | 8.9% |
| Luxury Industry Average Movement | 7.1% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in IN Market | 9.2% |
| 10% least volatile stocks in IN Market | 4.3% |
Stable Share Price: ASHIMASYN is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ASHIMASYN's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 213 | Chintan Parikh | https://www.ashima.in |
Ashima Limited manufactures and sells denim fabrics and readymade garments in India. It offers basic denim; ring/slub denim; pigment/discharged print; polyester denim; and piece-dyed product, including basic twills, plain weave, canvas, and satin; and dobby structures with value-added properties, such as chemical, mechanical, and functional finishes. 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.
Ashima Fundamentals Summary
| ASHIMASYN fundamental statistics | |
|---|---|
| Market Cap | ₹2.66b |
| Earnings (TTM) | ₹364.10m |
| Revenue (TTM) | ₹2.44b |
7.3x
P/E Ratio1.1x
P/S RatioIs ASHIMASYN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ASHIMASYN income statement (TTM) | |
|---|---|
| Revenue | ₹2.44b |
| Cost of Revenue | ₹1.55b |
| Gross Profit | ₹894.00m |
| Other Expenses | ₹529.90m |
| Earnings | ₹364.10m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.90 |
| Gross Margin | 36.59% |
| Net Profit Margin | 14.90% |
| Debt/Equity Ratio | 8.0% |
How did ASHIMASYN perform over the long term?
See historical performance and comparisonValuation
Is ASHIMASYN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ASHIMASYN?
Other financial metrics that can be useful for relative valuation.
| What is ASHIMASYN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₹2.66b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.1x |
| Enterprise Value/EBITDA | 120.6x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does ASHIMASYN's PE Ratio compare to its peers?
| ASHIMASYN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 28.3x | ||
530185 Surat Textile Mills | 87.6x | n/a | ₹2.4b |
512519 Donear Industries | 11.8x | n/a | ₹2.7b |
500456 Pasupati Acrylon | 6.6x | n/a | ₹3.0b |
523283 Superhouse | 7.1x | n/a | ₹2.5b |
ASHIMASYN Ashima | 7.3x | n/a | ₹2.7b |
Price-To-Earnings vs Peers: ASHIMASYN is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (28.3x).
Price to Earnings Ratio vs Industry
How does ASHIMASYN's PE Ratio compare vs other companies in the IN Luxury Industry?
Price-To-Earnings vs Industry: ASHIMASYN is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Indian Luxury industry average (13x)
Price to Earnings Ratio vs Fair Ratio
What is ASHIMASYN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7.3x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASHIMASYN's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of ASHIMASYN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate ASHIMASYN's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate ASHIMASYN's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Ashima forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
22.3%
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.
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- 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.
Past Performance
How has Ashima performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-56.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASHIMASYN has a large one-off gain of ₹396.6M impacting its June 30 2022 financial results.
Growing Profit Margin: ASHIMASYN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ASHIMASYN's earnings have declined by 56.8% per year over the past 5 years.
Accelerating Growth: ASHIMASYN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ASHIMASYN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (72.5%).
Return on Equity
High ROE: ASHIMASYN's Return on Equity (16.1%) is considered low.
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Financial Health
How is Ashima's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ASHIMASYN's short term assets (₹1.7B) exceed its short term liabilities (₹764.2M).
Long Term Liabilities: ASHIMASYN's short term assets (₹1.7B) exceed its long term liabilities (₹149.9M).
Debt to Equity History and Analysis
Debt Level: ASHIMASYN has more cash than its total debt.
Reducing Debt: ASHIMASYN's debt to equity ratio has reduced from 145.1% to 8% over the past 5 years.
Debt Coverage: ASHIMASYN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ASHIMASYN's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Dividend
What is Ashima current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ASHIMASYN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ASHIMASYN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ASHIMASYN has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Chintan Parikh (65 yo)
17.5yrs
Tenure
₹13,900,000
Compensation
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...
Leadership Team
Experienced Management: ASHIMASYN's management team is considered experienced (2 years average tenure).
Board Members
Experienced Board: ASHIMASYN's board of directors are considered experienced (6 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 employee growth, exchange listings and data sources
Key Information
- Name: Ashima Limited
- Ticker: ASHIMASYN
- Exchange: NSEI
- Founded: 1982
- Industry: Textiles
- Sector: Consumer Durables
- Implied Market Cap: ₹2.664b
- Shares outstanding: 191.66m
- Website: https://www.ashima.in
Number of Employees
Location
- Ashima Limited
- Texcellence Complex
- Near Anupam Cinema
- Ahmedabad
- Gujarat
- 380021
- India
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/09 00:00 |
| End of Day Share Price | 2022/08/08 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
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.