Ashima Limited (ASHIMASYN) AI Stock Analysis

• Market Cap: ₹4.35B
• Dividend Yield: N/A
• Average Volume (3M): 20.91K
• Price to Earnings (P/E): 8.5
• Beta (1Y): 1.82
• Revenue Growth: -96.88%
• EPS Growth: -122.93%
• Country: IN
• Employees: 239
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.13
• Shares Outstanding: 191,660,080
• 10 Day Avg. Volume: 21,574
• 30 Day Avg. Volume: 20,905
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹22.50
• Price Target Upside: -0.84% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: ₹22.50 ▼(-0.84% Downside)

Ashima Limited's overall stock score is primarily impacted by its financial performance challenges, particularly in profitability and cash flow. Technical analysis further indicates bearish trends, while valuation metrics highlight limited investor appeal due to negative earnings and lack of dividends.

Ashima Limited Business Overview & Revenue Model

Company Description

Ashima Limited manufactures and sells denim fabrics and readymade garments in India. It offers basic denim; ring/slub denim; pigment/discharged print; polyester denim; and piece-dyed product, including basic twills, plain weave, canvas, and satin; and dobby structures with value-added properties, such as chemical, mechanical, and functional finishes. The company also offers a range of shirts and jeans for men and women, as well as provides ready-to-stitch trouser and shirt fabric packs for men. It sells its products under the Frank Jefferson and ICON brands. The company also exports its products to approximately 45 countries. Ashima Limited was incorporated in 1982 and is based in Ahmedabad, India.

How the Company Makes Money

Ashima Limited generates revenue through the production and sale of a diverse range of textile products, including cotton yarn, denim, and other woven fabrics. The company's primary revenue streams include direct sales to apparel manufacturers, retail brands, and textile distributors. Ashima also engages in export activities, supplying its products to various international markets. Key factors contributing to its earnings include its extensive manufacturing capabilities, a broad portfolio of textile solutions, and strategic partnerships with global fashion brands and retailers. The company's focus on innovation and quality enables it to maintain competitive pricing and attract a diverse customer base.

Ashima Limited Financial Statement Overview

Summary

Ashima Limited faces challenges in profitability and cash flow, with inconsistent revenue growth and negative net profit margins. The balance sheet is stable with a moderate debt-to-equity ratio, but cash flow issues persist, indicating potential liquidity concerns.

Income Statement

Ashima Limited has shown inconsistent revenue growth with significant fluctuations in profitability. The gross profit margin is healthy but the net profit margin has been negative in recent years. This suggests potential operational inefficiencies or high costs relative to revenue. The EBIT and EBITDA margins have also been volatile, indicating instability in earnings before interest and taxes.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, reflecting balanced leverage. However, the return on equity (ROE) has been negatively impacted by recent net losses. The equity ratio indicates a strong equity base relative to total assets, which is a positive indicator of financial stability.

Cash Flow

Ashima Limited has experienced negative free cash flow growth, with operating cash flow consistently negative, which may signal ongoing cash management challenges. The operating cash flow to net income ratio reflects these operational difficulties. The free cash flow to net income ratio is also negative, indicating struggles in generating free cash flow from its operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	859.70M	104.80M	3.29B	2.07B	2.06B	1.03B
Gross Profit	75.10M	75.10M	1.37B	494.40M	870.80M	367.30M
EBITDA	59.15M	83.90M	706.40M	-13.10M	312.50M	77.30M
Net Income	-189.90M	-190.00M	964.10M	-66.50M	179.20M	-114.70M
Balance Sheet
Total Assets	5.02B	5.02B	5.44B	3.20B	3.18B	2.69B
Cash, Cash Equivalents and Short-Term Investments	949.60M	949.60M	670.10M	239.70M	271.10M	528.10M
Total Debt	1.22B	1.22B	1.24B	327.10M	163.40M	210.40M
Total Liabilities	2.04B	2.04B	2.27B	998.90M	914.10M	599.90M
Stockholders Equity	2.99B	2.99B	3.17B	2.20B	2.26B	2.09B
Cash Flow
Free Cash Flow	0.00	-201.60M	-436.10M	-421.40M	-367.80M	-88.70M
Operating Cash Flow	0.00	-198.60M	-384.40M	-239.10M	-264.00M	-80.40M
Investing Cash Flow	0.00	294.40M	-35.40M	160.20M	374.50M	-72.40M
Financing Cash Flow	0.00	-97.20M	864.50M	132.20M	-55.40M	134.00M

Ashima Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 22.69 is below the 20-day moving average (MA) of 23.88, below the 50-day MA of 24.92, and below the 200-day MA of 27.47, indicating a bearish trend. The MACD of -0.55 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 6.80 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORBTEXP	67 Neutral	₹4.88B	11.02	14.27%	―	19.23%	43.48%
LAMBODHARA	64 Neutral	₹1.42B	20.04	5.82%	0.37%	17.57%	47.28%
SHREYANIND	64 Neutral	₹3.16B	5.86	11.87%	1.31%	-1.87%	-22.36%
BANSWRAS	55 Neutral	₹4.42B	22.49	3.96%	0.77%	7.72%	-27.40%
VARDMNPOLY	45 Neutral	₹3.92B	11.73	-6.56%	―	-6.24%	―
ASHIMASYN	42 Neutral	₹4.35B	8.51	―	―	-96.88%	-122.93%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Ashima Limited Corporate Events

Ashima Limited Allots Rs. 70 Crore in Non-Convertible Debentures

Ashima Limited has announced the allotment of 7,000 non-convertible debentures (NCDs) at a face value of Rs. 1,00,000 each, totaling Rs. 70 crore. These debentures are unlisted, secured, unrated, redeemable, and rupee-denominated, issued on a private placement basis. This move is part of the company’s strategy to raise funds as previously approved, with the debentures set to mature in nine years, offering a 7.50% annual interest. The issuance reflects Ashima Limited’s ongoing efforts to strengthen its financial position and secure capital for future growth, potentially impacting its market standing and stakeholder interests.