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Ashoka India Equity Investment Trust Plc
(LSE:AIE)
Ashoka India Equity Investment Trust Plc (AIE) vs. iShares MSCI United Kingdom ETF (EWC)
Ashoka India Equity Investment Trust Plc Business Overview & Revenue Model
Ashoka India Equity Investment Trust Plc Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 60.35M | 53.63M | 17.79M | 8.91M | 14.54M |
| Gross Profit | 30.21M | 114.82M | 14.91M | 8.89M | 9.12M |
| EBITDA | 0.00 | 115.83M | 0.00 | 0.00 | 0.00 |
| Net Income | -1.05M | 96.65M | 34.58M | 9.22M | 40.35M |
Balance Sheet | |||||
| Total Assets | 510.55M | 457.17M | 243.71M | 190.62M | 155.51M |
| Cash, Cash Equivalents and Short-Term Investments | 27.37M | 5.68M | 6.49M | 7.03M | 7.45M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 34.40M | 21.73M | 11.16M | 3.23M | 18.93M |
| Stockholders Equity | 476.15M | 435.44M | 232.55M | 187.39M | 136.57M |
Cash Flow | |||||
| Free Cash Flow | -13.86M | -8.86M | -2.67M | -2.67M | -1.74M |
| Operating Cash Flow | -13.86M | -8.86M | -2.67M | -2.67M | -1.74M |
| Investing Cash Flow | -6.21M | -98.19M | -8.45M | -31.34M | -18.22M |
| Financing Cash Flow | 41.77M | 106.23M | 10.59M | 33.59M | 25.77M |
Ashoka India Equity Investment Trust Plc Technical Analysis
Ashoka India Equity Investment Trust Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | ― | -50.97 | -1.34% | ― | 962.39% | -71.54% | |
53 Neutral | ― | ― | -0.23% | <0.01% | 12.53% | -99.60% | |
44 Neutral | £14.09M | -19.81 | -21.85% | ― | ― | ― | |
42 Neutral | £1.60M | -3.56 | -46.41% | ― | -64.18% | 12.05% |
Ashoka India Equity Investment Trust Plc Corporate Events
Ashoka India Equity Investment Trust plc has announced that non-executive director Jerome Booth has taken on an additional role as a non-executive director at Tapir Holdings Ltd, effective immediately. The trust stated that there is no further regulatory information to disclose in relation to this appointment, indicating it does not expect a material impact on the company’s governance or operations.
The move underlines Booth’s continued prominence in corporate governance across multiple boards, while Ashoka India Equity Investment Trust maintains its existing leadership structure. Investors are unlikely to see immediate strategic changes at the trust as a result of this outside directorship, though they may monitor any longer-term implications for director time commitments and oversight.
The most recent analyst rating on (GB:AIE) stock is a Buy with a £259.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust reported a half-year net asset value total return of -3.6% in sterling for the period to 31 December 2025, lagging its benchmark’s -2.3%, though since launch it has delivered a 170.7% NAV total return versus 88.1% for the index, helped by its tilt to smaller companies. Performance was driven by gains in an online travel agency, an auto-parts maker and a public bank, offset by weakness in a fashion retailer, a financial services firm hit by regulatory action and a digital services company affected by AI-related concerns.
The managers maintain confidence in India’s long-term growth trajectory, citing supportive demographics and government reform, and continue to favour small and mid-cap names despite recent volatility and sector tweaks such as higher exposure to consumer discretionary and communication services. The trust has issued 1.1 million new shares as it continues to trade close to NAV, growing its asset base, while its comparatively low ongoing charges and shareholder-aligned structure are highlighted as competitive strengths in the Indian equity trust peer group.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £257.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust reported a 3.2% decline in share price total return and a 3.1% fall in NAV total return in sterling over the six months to 31 December 2025, slightly trailing its MSCI India IMI benchmark amid global volatility and macro uncertainty. Despite this short term setback, the trust has delivered strong long term outperformance since its 2018 launch, with NAV and share price total returns more than doubling the benchmark, while maintaining a strategy focused on high quality Indian businesses and expanding small and mid cap exposure.
The board secured shareholder approval to raise the cap on unquoted investments to 15% of gross assets, signalling a greater willingness to tap private market opportunities for incremental long term returns. Governance is evolving with the appointment of two new directors and planned succession over the next two years, while modest share issuance of 1.125 million shares during the period supported liquidity and ongoing demand as the trust positions itself to benefit from India’s resilient economic growth and improving appeal to global investors.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust plc has strengthened its board with the appointment of two independent non-executive directors, Sarah MacAulay with immediate effect and Karen Roydon from 5 June 2026, as part of its director succession policy. Both bring extensive Asian and emerging markets investment experience, with MacAulay chairing Schroder Asian Total Return Investment Company and Roydon having a long portfolio management career at Genesis Investment Management.
The company also announced that long-serving director Rita Dhut, who has been on the board since the trust’s 2018 launch, will retire on 30 June 2026, marking a planned transition in governance. The board expects the new appointments to enhance its expertise and support the trust’s efforts to protect and advance shareholders’ interests as the company continues its growth trajectory.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust plc has confirmed that, as of 30 January 2026, its issued share capital stands at 169,317,811 ordinary shares, each with a nominal value of £0.01 and carrying one voting right. The company holds no shares in treasury, meaning the total number of voting rights is also 169,317,811, a figure that shareholders must use as the denominator when assessing whether they need to disclose any interest or change in interest under the FCA’s Disclosure Guidance and Transparency Rules, reinforcing transparency and regulatory compliance for investors.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £244.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust plc has confirmed that its board is satisfied all inside information up to the date of the announcement has already been disclosed via a regulatory information service. As a result, the trust is permitted to continue repurchasing its own shares or issuing new securities during the current closed period ahead of its half-yearly report for the period ended 31 December 2025, maintaining full flexibility over its capital management activities.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £243.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust plc has issued 150,000 new ordinary shares of one penny each under its block listing facility, priced at 271.30 pence per share, representing a premium to the prevailing cum-income net asset value. Following this issuance, the company’s share capital increases to 169,317,811 ordinary shares with voting rights, a new reference figure for shareholders assessing disclosure thresholds under UK transparency rules, highlighting continued investor demand and incremental capital inflows into the India-focused trust.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust plc has issued 75,000 new ordinary shares of one penny each under its block listing facility at 274.30 pence per share, a premium to the prevailing net asset value, signalling strong investor demand for the trust’s Indian equity strategy. Following this issuance, the company’s total share capital with voting rights rises to 169,167,811 ordinary shares, a new denominator for shareholders’ disclosure calculations under the UK’s transparency rules.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.
Ashoka India Equity Investment Trust plc has issued 150,000 new ordinary shares of one penny each under its block listing facility at a price of 273.90 pence per share, representing a premium to the trust’s prevailing net asset value per share. Following this issuance, the company’s total share capital with voting rights has increased to 169,092,811 ordinary shares, a figure that will serve as the reference denominator for shareholders’ regulatory disclosure obligations under the Financial Conduct Authority’s transparency rules.
The most recent analyst rating on (GB:AIE) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Ashoka India Equity Investment Trust Plc stock, see the GB:AIE Stock Forecast page.