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ASHI

Ashima NSEI:ASHIMASYN Stock Report

Last Price

₹13.90

Market Cap

₹2.7b

7D

-5.1%

1Y

-23.6%

Updated

09 Aug, 2022

Data

Company Financials
ASHIMASYN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

ASHIMASYN Stock Overview

Ashima Limited manufactures and sells denim fabrics and readymade garments in India.

Ashima Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ashima
Historical stock prices
Current Share Price₹13.90
52 Week High₹23.40
52 Week Low₹10.40
Beta1.28
1 Month Change9.45%
3 Month Change23.01%
1 Year Change-23.63%
3 Year Change90.41%
5 Year Change-40.85%
Change since IPO-71.92%

Recent News & Updates

May 27
Shareholders In Ashima (NSE:ASHIMASYN) Should Look Beyond Earnings For The Full Story

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

ASHIMASYNIN LuxuryIN 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

Is ASHIMASYN's price volatile compared to industry and market?
ASHIMASYN volatility
ASHIMASYN Average Weekly Movement8.9%
Luxury Industry Average Movement7.1%
Market Average Movement6.5%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market4.3%

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

FoundedEmployeesCEOWebsite
1982213Chintan Parikhhttps://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

How do Ashima's earnings and revenue compare to its market cap?
ASHIMASYN fundamental statistics
Market Cap₹2.66b
Earnings (TTM)₹364.10m
Revenue (TTM)₹2.44b

7.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 Margin36.59%
Net Profit Margin14.90%
Debt/Equity Ratio8.0%

How did ASHIMASYN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ASHIMASYN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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.

ASHIMASYN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA120.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASHIMASYN's PE Ratio compare to its peers?

ASHIMASYN PE Ratio vs Peers
The above table shows the PE ratio for ASHIMASYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.3x
530185 Surat Textile Mills
87.6xn/a₹2.4b
512519 Donear Industries
11.8xn/a₹2.7b
500456 Pasupati Acrylon
6.6xn/a₹3.0b
523283 Superhouse
7.1xn/a₹2.5b
ASHIMASYN Ashima
7.3xn/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.

ASHIMASYN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ration/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

0/6

Future 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.


Discover growth companies

  • 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

1/6

Past 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.


Discover strong past performing companies

Financial Health

How is Ashima's financial position?

Financial Health Score

4/6

Financial 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

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.