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Ashima Limited
(ASHIMASYN)
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Rating:42Neutral
Price Target:
₹13.50
▼(-24.62% Downside)
Action:Reiterated
Date:10/22/26
The score is driven primarily by weak financial performance, especially consistently negative operating/free cash flow and recent heavy losses following sharp revenue contraction. Technicals add further pressure with a clear downtrend, only partially mitigated by oversold signals. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Equity Cushion
A sizable equity base gives Ashima some capacity to absorb operating volatility and supports financial resilience over the next several quarters. Although leverage is rising, the existing capital cushion may help preserve operational flexibility while management addresses weak earnings and cash conversion.
Negative Factors
Persistent Cash Burn
Persistent negative operating and free cash flow indicates that reported business activity has not translated into internally generated funding. This weak cash conversion can constrain reinvestment, increase reliance on external financing, and leave the company less able to withstand continued earnings volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity Cushion
A sizable equity base gives Ashima some capacity to absorb operating volatility and supports financial resilience over the next several quarters. Although leverage is rising, the existing capital cushion may help preserve operational flexibility while management addresses weak earnings and cash conversion.
Read all positive factors
Ashima Limited (ASHIMASYN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.73B
Dividend YieldN/A
Average Volume (3M)10.81K
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue Growth185.63%
EPS Growth-47.76%
CountryIN
Employees52
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.05
Shares Outstanding191,660,080
10 Day Avg. Volume10,578
30 Day Avg. Volume10,813
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.81
Price to Sales (P/S)10.32
P/FCF Ratio-5.11
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
Ashima Limited Business Overview & Revenue Model
Company Description
Ashima Limited engages in real estate business in India. It operates through Real Estate and Investment segments. The company provides portfolio management services, as well as develops residential and commercial properties. Ashima Limited was inc...
How the Company Makes Money
Ashima Limited primarily makes money by selling textile products—principally fabrics—produced from its manufacturing operations. Revenue is generated when the company supplies these fabrics to customers (such as brands, garment manufacturers, whol...
Ashima Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
21
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 218.60M | 104.80M | 3.29B | 2.07B | 2.08B |
| Gross Profit | 183.80M | 109.80M | 1.37B | 494.40M | 890.70M |
| EBITDA | 30.80M | 71.90M | 706.40M | -13.10M | 312.50M |
| Net Income | -203.00M | -190.00M | 964.10M | -66.50M | 179.20M |
Balance Sheet | |||||
| Total Assets | 5.57B | 5.02B | 5.44B | 3.20B | 3.18B |
| Cash, Cash Equivalents and Short-Term Investments | 699.30M | 920.00M | 670.10M | 239.70M | 271.10M |
| Total Debt | 1.64B | 1.22B | 1.24B | 327.10M | 181.50M |
| Total Liabilities | 2.80B | 2.04B | 2.27B | 998.90M | 914.10M |
| Stockholders Equity | 2.77B | 2.99B | 3.17B | 2.20B | 2.26B |
Cash Flow | |||||
| Free Cash Flow | -441.40M | -201.60M | -436.10M | -421.40M | -367.80M |
| Operating Cash Flow | -432.60M | -198.60M | -384.40M | -239.10M | -264.00M |
| Investing Cash Flow | -465.80M | 294.40M | -35.40M | 160.20M | 374.50M |
| Financing Cash Flow | 417.50M | -97.20M | 864.50M | 132.20M | -55.40M |
Ashima Limited Technical Analysis
Neutral
17.91
Price Trends
15.91
Negative
16.14
Negative
15.92
Negative
Market Momentum
-0.55
Negative
45.35
Neutral
73.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHIMASYN, the sentiment is Neutral. The current price of 17.91 is above the 20-day moving average (MA) of 14.11, above the 50-day MA of 15.91, and above the 200-day MA of 15.92, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 45.35 is Neutral, neither overbought nor oversold. The STOCH value of 73.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ASHIMASYN.
Ashima Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹965.93M | 316.76 | ― | ― | -17.96% | -90.24% | |
53 Neutral | ₹1.59B | 16.89 | ― | 0.65% | 0.34% | 26.39% | |
51 Neutral | ₹974.58M | 30.82 | ― | 0.31% | -10.49% | 17.66% | |
50 Neutral | ₹1.42B | 77.27 | ― | 0.15% | -56.57% | -80.73% | |
43 Neutral | ₹1.76B | -4.89 | ― | 0.47% | -11.34% | 7.18% | |
42 Neutral | ₹2.73B | -16.98 | ― | ― | 185.63% | -47.76% |
* General Sector Average
IN:ASHIMASYN
Ashima Limited
14.25
-7.57
-34.69%
IN:FILATFASH
Filatex Fashions Limited
0.17
-0.33
-66.00%
IN:LOVABLE
Lovable Lingerie Limited
65.85
-28.56
-30.25%
IN:VIPCLOTHNG
VIP Clothing Limited
17.67
-16.11
-47.69%
IN:ZENITHEXPO
Zenith Exports Limited
179.00
-61.00
-25.42%
IN:ZODIACLOTH
Zodiac Clothing Company Limited
64.20
-35.10
-35.35%
Ashima Limited Corporate Events
Ashima Limited Files Voting Results and Scrutinizer’s Report for 43rd AGM
Aug 6, 2026
Ashima Limited held its 43rd Annual General Meeting on August 6, 2026, conducted via video conferencing and other audio-visual means in compliance with applicable corporate and securities regulations. The meeting, held between 11:30 a.m. and 11:59...
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.