Ashima
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Ashima Limited manufactures and sells textile and related products primarily in India. The last earnings update was 7 days ago. More info.
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- Ashima has significant price volatility in the past 3 months.
ASHIMASYN Share Price and Events
7 Day Returns
1 Year Returns
ASHIMASYN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ashima (ASHIMASYN) | -5% | -27% | -14% | -55.9% | 16.6% | 339.3% |
| IN Luxury | -1.4% | -1.1% | -1.9% | -8% | 50.1% | 192.3% |
| IN Market | -2.4% | -4.4% | -3.4% | -8.9% | 41.8% | 80.3% |
1 Year Return vs Industry and Market
- ASHIMASYN underperformed the Luxury industry which returned -8% over the past year.
- ASHIMASYN underperformed the Market in India which returned -8.9% over the past year.
Value
Is Ashima undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Ashima. This is due to cash flow or dividend data being unavailable. The share price is ₹12.3.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Ashima's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ashima's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹1.28 |
| NSEI:ASHIMASYN Share Price ** | NSEI (2019-02-15) in INR | ₹12.3 |
| India Luxury Industry PE Ratio | Median Figure of 236 Publicly-Listed Luxury Companies | 11.58x |
| India Market PE Ratio | Median Figure of 2,731 Publicly-Listed Companies | 15.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Ashima.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NSEI:ASHIMASYN Share Price ÷ EPS (both in INR) = 12.3 ÷ 1.28 |
9.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ashima is good value based on earnings compared to the IN Luxury industry average.
- Ashima is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Ashima's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.63x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
4%per year |
| India Luxury Industry PEG Ratio | Median Figure of 27 Publicly-Listed Luxury Companies | 1.11x |
| India Market PEG Ratio | Median Figure of 606 Publicly-Listed Companies | 1.11x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Ashima, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Ashima's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹13.90 |
| NSEI:ASHIMASYN Share Price * | NSEI (2019-02-15) in INR | ₹12.3 |
| India Luxury Industry PB Ratio | Median Figure of 307 Publicly-Listed Luxury Companies | 0.7x |
| India Market PB Ratio | Median Figure of 3,587 Publicly-Listed Companies | 1.04x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NSEI:ASHIMASYN Share Price ÷ Book Value per Share (both in INR) = 12.3 ÷ 13.90 |
0.88x |
* Primary Listing of Ashima.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ashima is overvalued based on assets compared to the IN Luxury industry average.
Value checks
We assess Ashima's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Ashima has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Ashima expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover Ashima, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Ashima's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
- Ashima's earnings growth is positive but not above the India market average.
- Unable to compare Ashima's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:ASHIMASYN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 4% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 18.2% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,780 | 164 | |
| 2018-09-30 | 2,650 | 970 | |
| 2018-06-30 | 2,492 | 1,574 | |
| 2018-03-31 | 2,300 | -84 | 1,265 |
| 2017-12-31 | 2,208 | 1,503 | |
| 2017-09-30 | 2,035 | 948 | |
| 2017-06-30 | 1,967 | 246 | |
| 2017-03-31 | 1,929 | -124 | 272 |
| 2016-12-31 | 1,945 | -253 | |
| 2016-09-30 | 2,005 | -281 | |
| 2016-06-30 | 2,057 | -246 | |
| 2016-03-31 | 2,137 | 70 | -236 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Ashima Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.28 |
| 2018-09-30 | 7.54 |
| 2018-06-30 | 12.28 |
| 2018-03-31 | 9.85 |
| 2017-12-31 | 11.72 |
| 2017-09-30 | 7.38 |
| 2017-06-30 | 1.91 |
| 2017-03-31 | 2.28 |
| 2016-12-31 | -2.63 |
| 2016-09-30 | -3.83 |
| 2016-06-30 | -4.97 |
| 2016-03-31 | -7.06 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Ashima's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Ashima has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Ashima performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Ashima has delivered over 20% year on year earnings growth in the past 5 years.
- Ashima's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Ashima's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
All data from Ashima Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,780.20 | 164.20 | 361.80 | |
| 2018-09-30 | 2,649.61 | 969.80 | 356.20 | |
| 2018-06-30 | 2,492.40 | 1,573.60 | 352.30 | |
| 2018-03-31 | 2,299.70 | 1,264.80 | 340.30 | |
| 2017-12-31 | 2,207.83 | 1,503.20 | 329.50 | |
| 2017-09-30 | 2,034.94 | 947.94 | 323.93 | |
| 2017-06-30 | 1,967.28 | 245.97 | 374.31 | |
| 2017-03-31 | 1,929.20 | 272.30 | 374.00 | |
| 2016-12-31 | 1,945.09 | -253.33 | 381.42 | |
| 2016-09-30 | 2,005.45 | -281.10 | 429.93 | |
| 2016-06-30 | 2,057.18 | -245.56 | 389.43 | |
| 2016-03-31 | 2,136.72 | -235.58 | 398.76 | |
| 2015-12-31 | 2,245.83 | -228.31 | 455.48 | |
| 2015-09-30 | 2,418.35 | -175.36 | 419.80 | |
| 2015-06-30 | 2,548.10 | -187.47 | 349.98 | |
| 2015-03-31 | 2,716.21 | -185.48 | 348.01 | |
| 2014-12-31 | 2,777.07 | -215.59 | 450.47 | |
| 2014-09-30 | 2,729.41 | -232.62 | 448.20 | |
| 2014-06-30 | 2,702.67 | -120.76 | 352.57 | |
| 2014-03-31 | 2,691.24 | -151.89 | 440.02 | |
| 2013-12-31 | 2,729.43 | -118.65 | 399.83 | |
| 2013-09-30 | 2,740.49 | -123.22 | 398.88 | |
| 2013-06-30 | 2,746.81 | -106.55 | 335.86 | |
| 2013-03-31 | 2,687.32 | -162.97 | 391.01 | |
| 2012-12-31 | 2,612.79 | -180.18 | 365.61 | |
| 2012-09-30 | 2,472.86 | -181.58 | 350.26 | |
| 2012-06-30 | 2,506.15 | -172.19 | 405.37 | |
| 2012-03-31 | 2,457.05 | -142.86 | 344.80 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Ashima has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Ashima used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- It is difficult to establish if Ashima improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Ashima's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Ashima has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Ashima's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Ashima's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ashima is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ashima's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 6.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Ashima Company Filings, last reported 1 month ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,832.00 | 226.80 | 209.20 |
| 2018-09-30 | 1,832.00 | 226.80 | 209.20 |
| 2018-06-30 | 1,602.70 | 289.30 | 81.70 |
| 2018-03-31 | 1,602.70 | 289.30 | 81.70 |
| 2017-12-31 | 868.32 | 777.41 | 92.73 |
| 2017-09-30 | 868.32 | 777.41 | 92.73 |
| 2017-06-30 | 583.56 | 737.73 | 115.89 |
| 2017-03-31 | 538.50 | 782.80 | 115.90 |
| 2016-12-31 | 180.34 | 1,389.65 | 52.19 |
| 2016-09-30 | 180.34 | 1,389.65 | 52.19 |
| 2016-06-30 | 191.60 | 1,557.94 | 120.48 |
| 2016-03-31 | 191.60 | 1,557.94 | 120.48 |
| 2015-12-31 | -2,802.40 | 5,511.70 | 31.99 |
| 2015-09-30 | -2,802.40 | 5,511.70 | 31.99 |
| 2015-06-30 | -2,686.66 | 5,397.23 | 74.91 |
| 2015-03-31 | -2,686.66 | 5,397.23 | 74.91 |
| 2014-12-31 | -2,696.32 | 4,936.25 | 74.59 |
| 2014-09-30 | -2,696.32 | 4,936.25 | 74.59 |
| 2014-06-30 | -2,570.46 | 4,680.92 | 61.96 |
| 2014-03-31 | -2,570.46 | 4,680.92 | 61.96 |
| 2013-12-31 | -2,486.31 | 4,680.89 | 61.93 |
| 2013-09-30 | -2,486.31 | 4,680.89 | 61.93 |
| 2013-06-30 | -2,441.17 | 4,681.09 | 49.93 |
| 2013-03-31 | -2,441.17 | 4,681.09 | 49.93 |
| 2012-12-31 | -2,386.53 | 4,695.81 | 54.51 |
| 2012-09-30 | -2,386.53 | 4,695.81 | 54.51 |
| 2012-06-30 | -2,301.66 | 4,705.73 | 67.35 |
| 2012-03-31 | -2,301.66 | 4,705.73 | 67.35 |
- Ashima's level of debt (12.4%) compared to net worth is satisfactory (less than 40%).
- Ashima had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
- Operating cash flow is negative therefore debt is not well covered.
- Ashima earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Ashima's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Ashima has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Ashima's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Ashima
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Ashima's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Ashima's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 109 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1397 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.6% |
| India Top 25% Dividend Yield | 75th Percentile | 2.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Ashima has not reported any payouts.
- Unable to verify if Ashima's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Ashima's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Ashima afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ashima has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | ₹0 |
| AGE | 61 |
| TENURE AS CEO | 14 years |
CEO Bio
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 been its Managing Director since February 2005. Mr. Parikh serves as Managing Director of Ashima Dyecot Limited. He has been a Director of Ashima Ltd since June 17, 1982. He has 27 years of experience in the textile industry. He has tremendous foresight, unique business acumen, vision and capabilities for conceptualisation of new projects and their implementation. Mr. Parikh serves as the Chairman of Nachmo Knitex Limited. His philosophy of “Texcellence” meaning thereby “Excellence in Textiles” has become a way of life at group Ashima. Mr. Parikh is a doctoral student of IIMA in the areas of finance and accounts. Mr. Parikh is a management graduate, with specialisation in the areas of finance and accounts from India Institute of Management (IIM), Ahmedabad.
CEO Compensation
- Chintan's compensation has been consistent with company performance over the past year.
- Chintan's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure of the Ashima management team in years:
- The tenure for the Ashima management team is about average.
Management Team
Chintan Parikh
Chairman & MD
61
14 yrs
Krishnachintan Parikh
Executive Director
27
1.7 yrs
Jayesh Bhayani
Chief Financial Officer
4.2 yrs
Hiren Mahadevia
Compliance Officer & Company Secretary
Shrikant Pareek
Chief Commercial Officer
Board of Directors Tenure
Average tenure and age of the Ashima board of directors in years:
- The average tenure for the Ashima board of directors is less than 3 years, this suggests a new board.
Board of Directors
Chintan Parikh
Chairman & MD
61
Krishnachintan Parikh
Executive Director
27
1.7 yrs
Bakul Dholakia
Non-Executive Independent Director
₹39K
69
12.8 yrs
Koushlya Melwani
Non-Executive Non Independent Director
₹66K
57
4.2 yrs
Atul Singh
Independent Director
₹43K
57
2.3 yrs
Neeraj Golas
Non-Executive Independent Director
₹49K
50
2.5 yrs
Sanjay Majmudar
Independent Director
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Ashima's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Ashima has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Read This Before You Buy Ashima Limited (NSE:ASHIMASYN) Because Of Its P/E Ratio
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … That is equivalent to an earnings yield of about 60%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Kind Of Share Price Volatility Should You Expect For Ashima Limited (NSE:ASHIMASYN)?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Ashima Limited (NSE:ASHIMASYN)?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … Ashima is not a large company by global standards.
Simply Wall St - – Full articleA Closer Look At Ashima Limited's (NSE:ASHIMASYN) Impressive ROE
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.53 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Ashima Limited (NSE:ASHIMASYN) Attractive At Its Current PE Ratio?
While ASHIMASYN might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will explain what the P/E ratio is as well as what you should look out for when using it … What you need to know about the P/E ratio
Simply Wall St - – Full articleWho Really Owns Ashima Limited (NSE:ASHIMASYN)?
In this analysis, my focus will be on developing a perspective on Ashima Limited’s (NSE:ASHIMASYN) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … Although this is an important factor for long-term investors, many investors can also be impacted by institutional presence and their high-volume trading.
Simply Wall St - – Full articleWhat does Ashima Limited's (NSE:ASHIMASYN) Balance Sheet Tell Us About Its Future?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleDid Ashima Limited (NSE:ASHIMASYN) Create Value For Shareholders?
and want to begin learning the link between Ashima Limited (NSE:ASHIMASYN)’s return fundamentals and stock market performance. … Ashima Limited (NSE:ASHIMASYN) outperformed the textiles industry on the basis of its ROE – producing a higher 78.92% relative to the peer average of 7.38% over the past 12 months. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface
Simply Wall St - – Full articleHow Ashima Limited (NSE:ASHIMASYN) Can Add Value To Your Portfolio
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Ashima Limited (NSE:ASHIMASYN) due to its excellent fundamentals in more than one area. … For those interested in digger a bit deeper into my commentary,
Simply Wall St - – Full articleAshima Limited (NSEI:ASHIMASYN) Delivered A Better ROE Than The Industry, Here’s Why
See our latest analysis for ASHIMASYN Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs ASHIMASYN’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of ASHIMASYN’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:ASHIMASYN Last Perf Dec 8th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.
Simply Wall St - – Full articleCompany Info
Map
Description
Ashima Limited manufactures and sells textile and related products primarily in India. It offers denim fabrics and yarn dyed cotton fabrics. The company also offers 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 incorporated in 1982 and is based in Ahmedabad, India.
Details
| Name: | Ashima Limited |
| ASHIMASYN | |
| Exchange: | NSEI |
| Founded: | 1982 |
| ₹1,579,982,674 | |
| 128,453,876 | |
| Website: | http://www.ashima.in |
| Address: |
Ashima Limited Texcellence Complex, Near Anupam Cinema, Ahmedabad, Gujarat, 380021, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NSEI | ASHIMASYN | Equity Shares | National Stock Exchange of India | IN | INR | 27. Jul 1995 | |
| BSE | 514286 | Equity Shares | Mumbai Stock Exchange | IN | INR | 27. Jul 1995 |
Number of employees
Current staff
Industry
| Textiles | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/16 12:49 |
| End of day share price update: | 2019/02/15 00:00 |
| Last earnings filing: | 2019/02/09 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
