Ashoka India Equity Investment Trust Plc (AIE) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: <0.01%
• Average Volume (3M): 665.53K
• Price to Earnings (P/E): 856.5
• Beta (1Y): 0.54
• Revenue Growth: 12.53%
• EPS Growth: -99.60%
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.16
• Shares Outstanding: 169,317,810
• 10 Day Avg. Volume: 1,038,687
• 30 Day Avg. Volume: 665,528
• PEG Ratio: 0.04
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 6.63
• P/FCF Ratio: -40.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: 276.00p ▲(1.10% Upside)

The score is held back primarily by persistently negative operating/free cash flow and weak/volatile profitability (including a 2025 net loss), despite a strong, low-risk balance sheet with zero debt. Technical signals are largely neutral, while valuation is a notable headwind due to an extremely high P/E and very low yield. Corporate events are a modest positive, reflecting strategic actions and shareholder support.

Positive Factors

Strong Financial Performance

The significant revenue growth indicates robust business expansion and effective investment strategies, enhancing long-term capital appreciation potential.

No Debt and High Equity

A debt-free balance sheet with high equity provides financial stability and flexibility, supporting sustainable growth and risk management.

Strategic Management Decisions

Diversifying into unquoted companies can enhance returns and mitigate risks, reflecting strategic foresight and adaptability to market conditions.

Negative Factors

Negative Operating Cash Flow

Negative operating cash flow indicates potential cash management issues, which could impact liquidity and operational flexibility if not addressed.

Restricted News Release

Restricted news releases may signal regulatory challenges or sensitive information, potentially affecting stakeholder trust and market operations.

Potential Governance Impact

Increased voting rights by a single entity could influence governance and strategic decisions, impacting the company's autonomy and market positioning.

Ashoka India Equity Investment Trust Plc Business Overview & Revenue Model

Company Description

Ashoka India Equity Investment Trust PLC is headquartered in London, United Kingdom.

How the Company Makes Money

Ashoka India Equity Investment Trust Plc makes money primarily through the appreciation of its investment portfolio consisting of Indian equities. The company generates revenue by buying shares of promising Indian companies and selling them at a higher price. Additionally, AIE may earn dividends from its holdings in companies that distribute profits to shareholders. The trust's revenue model is heavily influenced by the performance of the Indian stock market and the economic conditions in India. Key revenue streams include realized capital gains from the sale of investments and dividend income. AIE may also benefit from partnerships with investment advisors and managers who provide strategic insights and expertise in identifying lucrative investment opportunities in the Indian market.

Ashoka India Equity Investment Trust Plc Financial Statement Overview

Summary

Ashoka India Equity Investment Trust Plc demonstrates strong financial performance with impressive growth and profitability metrics. The company maintains a robust balance sheet with no debt and high equity, which is favorable for stability. However, the negative operating cash flow reflects potential challenges in cash management, which should be monitored closely to ensure long-term sustainability.

Income Statement

The company has shown impressive revenue growth, increasing from $43.32 million in 2023 to $114.82 million in 2024, a growth rate of 165.16%. The gross profit margin is exceptionally high at 99.02%, indicating efficient cost management. The net profit margin is also robust at 84.18%, showcasing strong profitability. The EBIT margin stands at 96.94%, and the EBITDA margin at 100.88%, reflecting healthy operational performance.

Balance Sheet

The balance sheet is strong with no recorded debt, resulting in a debt-to-equity ratio of 0. The equity ratio is high at 95.26%, indicating a strong equity base relative to total assets. Return on equity is excellent at 22.19%, suggesting effective utilization of equity in generating profits.

Cash Flow

Although operating cash flow is negative at -$8.86 million, there is a positive trend in free cash flow growth, as it improved from -$2.67 million in 2023. The operating cash flow to net income ratio is negative due to negative operating cash flow, but free cash flow to net income is also negative, indicating potential issues in cash generation relative to income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 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

• Technical Analysis Sentiment: Negative
• Last Price: 273.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AIE, the sentiment is Negative. The current price of 273 is above the 20-day moving average (MA) of 269.92, below the 50-day MA of 273.24, and above the 200-day MA of 271.70, indicating a bearish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 42.76 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AIE.

Ashoka India Equity Investment Trust Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BSFA	56 Neutral	£2.44M	-1.51	-46.41%	―	-64.18%	12.05%
AIE	53 Neutral	―	856.45	-0.23%	<0.01%	12.53%	-99.60%
IIG	49 Neutral	£307.67M	-72.04	-1.34%	―	962.39%	-71.54%
450	44 Neutral	£14.09M	-19.09	-21.85%	―	―	―

Ashoka India Equity Investment Trust Plc Corporate Events

Ashoka India Equity Investment Trust Issues New Shares at Premium to NAV

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 Issues New Shares at Premium to NAV

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 Issues New Shares at Premium to NAV

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.

Ashoka India Equity Investment Trust Passes All AGM Resolutions

Ashoka India Equity Investment Trust plc announced that all resolutions proposed at its Annual General Meeting were successfully passed. Key resolutions included the adoption of the annual report, approval of the directors’ remuneration report and policy, re-election of board members, re-appointment of the auditor, and an increase in the investment policy limit for unquoted companies with a significant presence in India. These approvals reflect strong shareholder support and position the company for strategic growth in the Indian market.

Ashoka India Equity Investment Trust Updates Share Capital Structure

Ashoka India Equity Investment Trust plc, a company involved in investment management, announced a change in its share capital structure. The company has redeemed 2,549,082 Ordinary Shares, resulting in a total of 168,942,811 Ordinary Shares in issue, each carrying one voting right. This update impacts shareholders’ calculations regarding their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.

Ashoka India Equity Trust Outperforms Amid Market Challenges

Ashoka India Equity Investment Trust Plc reported its annual results with a NAV return of -0.2% for the year ending June 2025, significantly outperforming the MSCI India IMI Index’s -6.6% return. This performance underscores the trust’s strong stock selection strategy, which has led to a cumulative return of approximately 181% since its inception in 2018. The trust’s recent promotion to the FTSE 250 Index and its ability to trade at a premium, facilitating share issuance, reflect its robust market positioning. Additionally, the appointment of Hiren Dasani as co-portfolio manager and the proposal to increase exposure to private companies signal strategic shifts aimed at enhancing future growth and investor appeal.