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Ashima Limited
(ASHIMASYN)
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Rating:47Neutral
Price Target:
₹14.50
▼(-19.04% Downside)
Action:Reiterated
Date:07/22/26
The score is held down primarily by weak financial performance—especially persistent negative operating/free cash flow and the swing to large losses after 2024—along with a negative P/E that reflects current unprofitability. Partially offsetting this, the technical setup is moderately positive with the price above key moving averages, though momentum is mixed.
Positive Factors
Reported Revenue Growth
Reported revenue growth of 107.6% indicates that the company has recently expanded its top line, which can support greater operating scale and customer reach. If sustained in textile markets, stronger sales would provide a foundation for improved capacity utilization and earnings recovery.
Negative Factors
Persistent Negative Cash Flow
Persistent negative operating and free cash flow indicates that the business has not been self-funding through operations. Weak cash conversion can increase dependence on external financing, constrain investment capacity, and make it harder to withstand prolonged volatility in sales or margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Reported Revenue Growth
Reported revenue growth of 107.6% indicates that the company has recently expanded its top line, which can support greater operating scale and customer reach. If sustained in textile markets, stronger sales would provide a foundation for improved capacity utilization and earnings recovery.
Read all positive factors
Ashima Limited (ASHIMASYN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.84B
Dividend YieldN/A
Average Volume (3M)14.11K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth107.63%
EPS Growth30.42%
CountryIN
Employees52
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.05
Shares Outstanding191,660,080
10 Day Avg. Volume11,691
30 Day Avg. Volume14,110
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
Negative
17.91
Price Trends
17.24
Negative
16.57
Negative
16.30
Negative
Market Momentum
-0.58
Positive
31.31
Neutral
8.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHIMASYN, the sentiment is Negative. The current price of 17.91 is above the 20-day moving average (MA) of 16.19, above the 50-day MA of 17.24, and above the 200-day MA of 16.30, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 31.31 is Neutral, neither overbought nor oversold. The STOCH value of 8.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹1.05B | 347.33 | ― | ― | -17.96% | -90.24% | |
53 Neutral | ₹1.81B | 19.33 | ― | 0.65% | 0.34% | 26.39% | |
51 Neutral | ₹1.02B | 32.24 | ― | 0.31% | -10.49% | 17.66% | |
50 Neutral | ₹1.58B | 81.82 | ― | 0.15% | -56.57% | -80.73% | |
47 Neutral | ₹2.84B | -18.15 | ― | ― | 107.63% | 30.42% | |
43 Neutral | ₹1.87B | -5.08 | ― | 0.47% | -11.34% | 7.18% |
* General Sector Average
IN:ASHIMASYN
Ashima Limited
14.75
-7.64
-34.12%
IN:FILATFASH
Filatex Fashions Limited
0.19
-0.35
-64.81%
IN:LOVABLE
Lovable Lingerie Limited
68.99
-23.52
-25.42%
IN:VIPCLOTHNG
VIP Clothing Limited
20.14
-13.72
-40.52%
IN:ZENITHEXPO
Zenith Exports Limited
194.10
-60.90
-23.88%
IN:ZODIACLOTH
Zodiac Clothing Company Limited
68.38
-32.42
-32.16%
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...
Ashima Sets Record Date and Book Closure for 43rd AGM, Enables E-Voting
Jul 14, 2026
Ashima Limited has scheduled the closure of its Register of Members and Share Transfer Books from July 30, 2026 to August 6, 2026, to determine eligible shareholders for its 43rd Annual General Meeting. The AGM will be held on August 6, 2026 at 11...
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.