NSEI:ASHIMASYN

Stock Analysis Report

Executive Summary

Ashima Limited manufactures and sells textile and related products in India.

Risk Analysis

Does not have a meaningful market cap (₹957M)



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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.1%

ASHIMASYN

1.4%

IN Luxury

-0.3%

IN Market


1 Year Return

-45.7%

ASHIMASYN

15.4%

IN Luxury

9.9%

IN Market

Return vs Industry: ASHIMASYN underperformed the Indian Luxury industry which returned 8.4% over the past year.

Return vs Market: ASHIMASYN underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

ASHIMASYNIndustryMarket
7 Day-7.1%1.4%-0.3%
30 Day27.6%6.9%3.5%
90 Day-2.5%2.6%5.9%
1 Year-45.7%-45.7%16.2%15.4%11.9%9.9%
3 Year-51.5%-51.5%57.9%55.9%30.2%23.3%
5 Year15.5%-10.3%97.4%94.0%37.1%24.8%

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

Valuation

Is Ashima undervalued compared to its fair value and its price relative to the market?

0.58x

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 (0.6x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Ashima forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

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.


Next Steps

Past Performance

How has Ashima performed over the past 5 years?

43.5%

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 43.5% 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 (1.2%).


Return on Equity

High ROE: ASHIMASYN has a negative Return on Equity (-5.97%), 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.

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

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).


Next Steps

Dividend

What is Ashima's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.5%markettop25%2.3%industryaverage0.6%forecastin3Yearsn/a

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

What is the CEO of Ashima's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average board tenure


CEO

Chintan Parikh (62yo)

14.9yrs

Tenure

0

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 Age and Tenure

3.4yrs

Average Tenure

57yo

Average Age

Experienced Board: ASHIMASYN's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

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.


Management Team

  • Chintan Parikh (62yo)

    Chairman & MD

    • Tenure: 14.9yrs
  • Hiren Mahadevia

    Compliance Officer & Company Secretary

    • Shrikant Pareek

      Chief Commercial Officer

      • Jayesh Bhayani

        Chief Financial Officer

        • Tenure: 5.1yrs

      Board Members

      • Chintan Parikh (62yo)

        Chairman & MD

        • Tenure: 14.9yrs
      • Bakul Dholakia (72yo)

        Independent Director

        • Tenure: 13.8yrs
        • Compensation: ₹39.00k
      • Neeraj Golas (51yo)

        Non-Executive Independent Director

        • Tenure: 3.4yrs
        • Compensation: ₹52.00k
      • Koushlya Melwani (58yo)

        Independent Director

        • Tenure: 5.1yrs
        • Compensation: ₹69.00k
      • Sanjay Majmudar (56yo)

        Additional Non-Executive Independent Director

        • Tenure: 1.2yrs
        • Compensation: ₹23.00k
      • Vipul Naik (52yo)

        Additional Non- Executive Non-Independent Director

        • Tenure: 0.7yrs

      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: ₹1.008b
      • 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

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      514286BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 1995
      ASHIMASYNNSEI (National Stock Exchange of India)YesEquity SharesININRJul 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

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/25 12:54
      End of Day Share Price2020/01/24 00:00
      Earnings2019/09/30
      Annual Earnings2019/03/31


      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.