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Ashoka India Equity Investment Trust Plc
(LSE:AIE)
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Rating:50Neutral
Price Target:
245.00 p
▼(-4.85% Downside)
Action:N/A
Date:01/06/26
The score reflects a fundamental clash between a fortress-like balance sheet and weak operational profitability. While the zero-debt structure and stable technicals provide safety, the extremely high valuation (P/E > 880x) and negative cash flows severely cap the investment appeal.
Positive Factors
Conservative balance sheet (zero debt)
Zero debt and materially higher equity provide durable financial flexibility and lower solvency risk. For an investment trust this conservative capital structure supports withstanding market drawdowns, funding operating costs from capital if needed, and preserving optionality to act on opportunities.
Negative Factors
Persistent negative operating and free cash flow
Consistent negative operating and free cash flow weakens earnings quality and forces reliance on asset sales or capital adjustments to cover costs and distributions. This elevates NAV volatility and constrains the trust's ability to sustainably fund dividends or absorb management fees without depleting assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
Zero debt and materially higher equity provide durable financial flexibility and lower solvency risk. For an investment trust this conservative capital structure supports withstanding market drawdowns, funding operating costs from capital if needed, and preserving optionality to act on opportunities.
Read all positive factors
Ashoka India Equity Investment Trust Plc (AIE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£421.60M
Dividend Yield<0.01%
Average Volume (3M)341.51K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-45.15%
EPS Growth-140.39%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.25
Shares Outstanding169,317,810
10 Day Avg. Volume228,532
30 Day Avg. Volume341,511
Financial Highlights & Ratios
PEG Ratio4.36
Price to Book (P/B)0.97
Price to Sales (P/S)7.66
P/FCF Ratio-33.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ashoka India Equity Investment Trust Plc Business Overview & Revenue Model
Company Description
Ashoka India Equity Investment Trust PLC's primary business operations are managed from its London, United Kingdom location....
How the Company Makes Money
AIE is an investment trust, so it does not generate operating revenue from selling products or services. Instead, it seeks to increase (and, where applicable, distribute) shareholder value through investment returns from its portfolio. The primary...
Ashoka India Equity Investment Trust Plc Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
92
Very Positive
Cash Flow
15
Very Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.32M | 60.35M | 53.63M | 17.79M | 8.91M | 14.54M |
| Gross Profit | -20.15M | 30.21M | 114.82M | 14.91M | 8.89M | 9.12M |
| EBITDA | -16.05M | 13.25M | 115.83M | 41.61M | 8.06M | 47.94M |
| Net Income | -41.98M | -1.05M | 96.65M | 34.58M | 9.22M | 40.35M |
Balance Sheet | ||||||
| Total Assets | 485.63M | 510.55M | 457.17M | 243.71M | 190.62M | 155.51M |
| Cash, Cash Equivalents and Short-Term Investments | 11.27M | 27.37M | 5.68M | 6.49M | 7.03M | 7.45M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 30.11M | 34.40M | 21.73M | 11.16M | 3.23M | 18.93M |
| Stockholders Equity | 455.52M | 476.15M | 435.44M | 232.55M | 187.39M | 136.57M |
Cash Flow | ||||||
| Free Cash Flow | -9.27M | -13.86M | -8.86M | -2.67M | -2.67M | -1.74M |
| Operating Cash Flow | -9.27M | -13.86M | -8.86M | -2.67M | -2.67M | -1.74M |
| Investing Cash Flow | -4.60M | -6.21M | -98.19M | -8.45M | -31.34M | -18.22M |
| Financing Cash Flow | 13.26M | 41.77M | 106.23M | 10.59M | 33.59M | 25.77M |
Ashoka India Equity Investment Trust Plc Technical Analysis
Negative
257.50
Price Trends
253.46
Negative
246.84
Positive
248.63
Positive
Market Momentum
-0.60
Positive
39.83
Neutral
20.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AIE, the sentiment is Negative. The current price of 257.5 is above the 20-day moving average (MA) of 255.10, above the 50-day MA of 253.46, and above the 200-day MA of 248.63, indicating a neutral trend. The MACD of -0.60 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AIE.
Ashoka India Equity Investment Trust Plc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £1.40B | 13.25 | 13.19% | 7.87% | -10.49% | 27.89% | |
74 Outperform | £4.43B | 11.41 | 7.37% | 5.85% | 2.19% | 19.78% | |
74 Outperform | £9.07B | 13.30 | 15.55% | 3.76% | 17.81% | 93.71% | |
72 Outperform | £4.03B | 12.03 | 28.08% | 6.37% | 9.80% | 1.81% | |
66 Neutral | £868.82M | 3.90 | 34.20% | 0.13% | 205.28% | 260.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | £421.60M | -10.02 | -9.01% | <0.01% | -45.15% | -140.39% |
* General Sector Average
GB:AIE
Ashoka India Equity Investment Trust Plc
249.00
-19.00
-7.09%
GB:ASHM
Ashmore Group PLC
214.80
62.76
41.28%
GB:SDR
Schroders
585.00
223.35
61.76%
GB:PHI
Pacific Horizon Investment Trust PLC
1,122.00
422.39
60.38%
GB:ABDN
Aberdeen Group
249.40
75.28
43.23%
GB:N91
Ninety One
210.20
25.27
13.67%
Ashoka India Equity Investment Trust Plc Corporate Events
Regulatory Filings and Compliance
Ashoka India Equity Investment Trust director increases stake with £114k share purchase
Positive
Jul 7, 2026
Ashoka India Equity Investment Trust plc has disclosed a director dealing, confirming that board member Karen Roydon purchased 45,378 redeemable ordinary shares in the company on 1 July 2026 on the London Stock Exchange. The shares were acquired a...
Business Operations and Strategy
Ashoka India Equity Trust Drops to Discount as Kepler Issues New Research
Neutral
May 8, 2026
Ashoka India Equity Investment Trust has moved to trading at a discount despite delivering strong long-term performance versus its benchmarks, highlighting a potential disconnect between its track record and current market valuation. Kepler Trust ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.