₹2.25
▼ -0.04 -1.75%
As of 06 Nov 2026 · delayed
BSE Listed
Ashnisha Industries Limited (541702)
Volume: 4,21,921Avg Vol 1W: 5,73,354Avg Vol 1M: 13,33,48752W Range:₹2.17₹5.36
Key Ratios
Checked just nowMarket Cap₹60 Cr
Current Price₹2.25
Previous Close₹2.29
High / Low (52w)₹5.36 / ₹2.17
Volume4,21,921
Avg Vol (1W)5,73,354
Avg Vol (1M)13,33,487
Stock P/E225
Book Value₹4.14
Dividend Yield0%
ROE12.08%
ROA9.65%
Revenue (TTM)—
Revenue Growth—
Profit Margin136.13%
Total Debt—
Shares Outstanding27 Cr
Face Value—
EPS (TTM)₹0.01
P/B0.54
Debt / Equity0.3
50 DMA₹2.48
200 DMA₹3.41
Day change-1.75%
Price Chart
₹2.25▼ 43.18% · 1Y
2025-11-072026-11-06
20-day avg volume: 14.4L shares
Pros
- Company is almost debt-free.
- Stock trades below its book value.
Cons
- Revenue fell 91% YoY.
- Stock trades at a high P/E of 225.
Quarterly Results
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3 Cr | ₹1 Cr | ₹0 Cr | ₹4 Cr | ₹3 Cr | ₹6 Cr | ₹1 Cr | ₹0 Cr |
| EBITDA | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹6 Cr | ₹15 Cr | ₹1 Cr | ₹0 Cr |
| EBITDA | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| EPS | 0.02 | — | — | — | — | 0.01 | — | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹96 Cr | ₹66 Cr | ₹72 Cr | ₹69 Cr | ₹85 Cr | ₹94 Cr | ₹128 Cr | ₹136 Cr |
| Total Liabilities | ₹79 Cr | ₹5 Cr | ₹12 Cr | ₹8 Cr | ₹12 Cr | ₹17 Cr | ₹51 Cr | ₹9 Cr |
| Equity | ₹17 Cr | ₹61 Cr | ₹60 Cr | ₹61 Cr | ₹73 Cr | ₹77 Cr | ₹77 Cr | ₹126 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹58 Cr | ₹-67 Cr | ₹17 Cr | ₹-18 Cr | ₹-9 Cr | ₹3 Cr | ₹-12 Cr | ₹-42 Cr |
| Investing | ₹-16 Cr | ₹0 Cr | ₹-4 Cr | ₹5 Cr | ₹2 Cr | ₹-1 Cr | ₹1 Cr | ₹-3 Cr |
| Financing | ₹-41 Cr | ₹72 Cr | ₹-2 Cr | ₹-1 Cr | ₹10 Cr | ₹-4 Cr | ₹12 Cr | ₹52 Cr |
| Free Cash Flow | ₹58 Cr | ₹-67 Cr | ₹17 Cr | ₹-18 Cr | ₹-9 Cr | ₹3 Cr | ₹-12 Cr | ₹-42 Cr |
Shareholding
Promoter 6.61% Institutions 0% Public 93.39%
Efficiency & Working Capital
ROCE0.2%
Interest Coverage0
Dividend Payout—
Debtor Days457 d
Inventory Days0 d
Payable Days69 d
Cash Conversion Cycle388 d
Working Capital Days457 d
Shareholding Details
As of 2026-09-30
Promoter6.6%
FII0%
DII0%
Institutions0%
Public93.4%
Promoter Pledge0%
No. of Shareholders87,764
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | 6.6% | 6.6% | 6.6% | 6.6% | 6.6% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 82.6% | 82.6% | 82.6% | 82.6% | 82.6% | 82.6% | 82.6% | 93.4% | 93.4% | 93.4% | 93.4% | 93.4% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 78,195 | 73,749 | 68,634 | 66,863 | 65,928 | 64,468 | 63,034 | 63,427 | 63,899 | 63,914 | 78,583 | 87,764 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Saurabh Madhusudan Patel | Public Shareholding | 6.3% | 1.67 Cr |
| Aarem Insights Private Limited | Public Shareholding | 6% | 1.58 Cr |
| Tapan Sureshsinhji Desai | Public Shareholding | 4.8% | 1.28 Cr |
| Shalin Ashok Shah | Shareholding of Promoter and Promoter Group | 3.2% | 85,00,000 |
| Ashok Chinubhai Shah | Shareholding of Promoter and Promoter Group | 2.8% | 75,00,000 |
| Bhavishya Ecommerce Private Limited | Public Shareholding | 2.1% | 54,66,106 |
| Advanced Energy Resources & Management Private Limited | Public Shareholding | 1.7% | 45,97,920 |
| Shreyansbhai Shantilal Shah | Public Shareholding | 1% | 26,45,000 |
| Rhetan Tmt Ltd | Shareholding of Promoter and Promoter Group | 0.6% | 14,55,840 |
| Ashoka Metcast Limited | Shareholding of Promoter and Promoter Group | 0% | 71,773 |
| Leena Ashok Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Lesha Ventures Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Ashok C Shah | Executive Director & MD | 2025 |
| Shalin A Shah | Non-Exec & Non-Independent Dir | 2025 |
| Swapnil Shimpi | Independent Non Exe. Director | 2025 |
| Yash Vishwanath Bodade | Independent Non Exe. Director | 2025 |
| Deepti G Gavali | Independent Non Exe. Director | 2025 |
| Umangkumar Hirabhai Patel | Independent Non Exe. Director | 2025 |
| Payal Punit Pandya | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Steel | ₹8 Cr | 100% |
| Others | ₹0 Cr | 0% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹1 | 28 | 27 | 27 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-14 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 0 | 0 | 0 | 0 | 12 | 12 |
| 2026 | 0 | 0 | 0 | 0 | 2 | 2 |
| 2026 | 0 | 0 | 0 | 0 | 3 | 3 |
Substantial Acquisitions (SAST)
2 disclosure(s)
Allotment12/11/2025 · 1,36,89,800
Allotment12/11/2025 · 1,36,89,800
Company Information
🌐 www.ashnisha.in ↗
📍 7th Floor Ashoka Chambers, Opp. HCG Hospital Mithakhali, Ahmedabad, Gujarat, 380006
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