Aspinwall and Company Limited (ASPINWALL) AI Stock Analysis

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Aspinwall and Company Limited

(NSE:ASPINWALL)

Select Model

Rating:58Neutral

Price Target:INR 233.00▲(2.42% Upside)

Action:reiterated

Date:09/16/26

The overall score is driven mainly by moderate financial strength: decent revenue growth and a manageable capital structure are offset by weakened profitability and persistently negative cash flows, which increase liquidity and earnings-quality risk. Technical indicators support the rating with a steady price trend and modest positive bias but no strong momentum signal, while a reasonable valuation with a mid-range P/E and moderate dividend yield provides some support without significantly enhancing upside potential.

Positive Factors

Strong Revenue GrowthSustained revenue expansion indicates that Aspinwall is growing its logistics and trade-facilitation activity despite weaker profitability. Continued top-line momentum can support operating scale, broaden customer activity across services, and provide a foundation for restoring earnings quality over the next several quarters.

Negative Factors

Negative Operating and Free Cash FlowTwo consecutive years of negative operating and free cash flow weaken the quality of reported profits and reduce internally generated funding for operations or investment. If this persists, the company may depend more heavily on working-capital reversals or external financing.

Aspinwall and Company Limited (ASPINWALL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.96B
Dividend Yield: 2.86%
Average Volume (3M): 2,757
Price to Earnings (P/E): 11.3
Beta (1Y): 1.03
Revenue Growth: 28.38%
EPS Growth: 107.25%
Country: India
Employees: 704
Sector: General
Sector Strength: 55
Industry: Airlines, Airports & Air Services

Aspinwall and Company Limited Business Overview & Revenue Model

Company Description

Aspinwall and Company Limited engages in coffee processing and trading, rubber plantations, natural fiber, and logistics businesses in India, the Americas, Europe, and internationally. The company’s coffee division is involved in the plantations, pro...

How the Company Makes Money

Aspinwall and Company Limited primarily makes money by charging fees for logistics and trade-facilitation services delivered across the cargo movement lifecycle. Key revenue streams typically include: (1) cargo handling and terminal/port-adjacent ope...

Aspinwall and Company Limited Financial Statement Overview

Summary

Financial performance is mixed: revenue growth and a reasonably strong equity position are positives, but softer margins and negative operating and free cash flow point to uneven earnings quality and elevated liquidity risk.

Income Statement

58Neutral

Balance Sheet

66Positive

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.40B	4.17B	3.36B	2.92B	2.91B	2.57B
Gross Profit	1.71B	1.60B	1.38B	1.09B	1.43B	1.76B
EBITDA	295.30M	179.10M	252.00M	180.20M	417.60M	249.80M
Net Income	157.30M	131.60M	145.30M	106.80M	285.50M	152.70M
Balance Sheet
Total Assets	0	3.33B	3.12B	2.50B	2.46B	2.40B
Cash, Cash Equivalents and Short-Term Investments	160.80M	128.90M	364.70M	360.50M	495.90M	195.00M
Total Debt	0	794.60M	694.00M	292.30M	167.30M	290.10M
Total Liabilities	-2.01B	1.32B	1.19B	672.20M	687.50M	858.70M
Stockholders Equity	2.01B	2.01B	1.93B	1.83B	1.77B	1.54B
Cash Flow
Free Cash Flow	-286.60M	-360.40M	-444.50M	-78.70M	300.60M	107.20M
Operating Cash Flow	-242.50M	-271.00M	-370.00M	44.50M	347.70M	163.50M
Investing Cash Flow	209.20M	190.70M	-249.20M	-69.50M	93.50M	29.90M
Financing Cash Flow	32.70M	33.60M	407.20M	-12.80M	-131.80M	-170.30M

Aspinwall and Company Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price227.50

Price Trends

50DMA246.19Negative

100DMA244.60Negative

200DMA231.11Negative

Market Momentum

MACD-5.07Positive

RSI39.10Neutral

STOCH31.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASPINWALL, the sentiment is Negative. The current price of 227.50 is below the 20-day moving average (MA) of 234.52, below the 50-day MA of 246.19, and below the 200-day MA of 231.11, indicating a bearish trend. The MACD of -5.07 indicates Positive momentum. The RSI at 39.10 is Neutral, neither overbought nor oversold. The STOCH value of 31.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASPINWALL.

Aspinwall and Company Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ASPINWALL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TOTAL	66Neutral	INR 1.11B	12.29	―	1.82%	0.16%	-22.46%
IN:ASPINWALL	58Neutral	INR 1.78B	11.31	―	2.86%	28.38%	107.25%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MAHESHWARI	50Neutral	INR 2.07B	13.15	―	―	10.05%	-16.20%
IN:NECCLTD	50Neutral	INR 1.68B	19.36	―	―	3.58%	11.43%

* General Sector Average

Performance Comparison

IN:ASPINWALL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ASPINWALL	Aspinwall and Company Limited	227.50	-37.40	-14.12%
IN:DESTINY	Destiny Logistics & Infra Limited	90.90	-35.95	-28.34%
IN:JALAN	Jalan Transolutions (India) Limited	1.50	-1.95	-56.52%
IN:MAHESHWARI	Maheshwari Logistics Ltd.	70.08	14.95	27.12%
IN:NECCLTD	North Eastern Carrying Corp. Ltd.	16.03	-5.42	-25.27%
IN:TOTAL	Total Transport Systems Ltd.	68.59	2.60	3.94%

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.

Date of analysis: Sep 16, 2026

Aspinwall and Company Limited AI Stock Analysis

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