Aspinwall and Company Limited (ASPINWALL) AI Stock Analysis

• Market Cap: ₹1.63B
• Dividend Yield: 2.79%
• Average Volume (3M): 2.95K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 1.00
• Revenue Growth: 9.72%
• EPS Growth: -57.95%
• Country: IN
• Employees: 727
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural Farm Products
• EPS (TTM): 9.75
• Shares Outstanding: 7,818,288
• 10 Day Avg. Volume: 5,428
• 30 Day Avg. Volume: 2,949
• PEG Ratio: 0.34
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.53
• P/FCF Ratio: -4.04
• 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: 63 Neutral
• Price Target: ₹222.00 ▼(-2.67% Downside)
• Action: Reiterated Date: 09/23/25
• Date: Action: Reiterated 09/23/25

The overall stock score of 63 reflects a combination of strong financial performance and moderate valuation, offset by technical indicators suggesting a bearish trend. The company's robust revenue growth and profitability are significant strengths, but cash flow challenges and technical analysis signals present risks. The absence of earnings call and corporate events data means these factors did not influence the score.

Positive Factors

Durable Revenue Growth

Sustained revenue growth of ~13.6% year-over-year indicates expanding core logistics volumes and customer traction. Over 2-6 months this supports recurring top-line resilience, underpins operating leverage and provides a base for reinvestment into services and capacity to capture additional market share.

High and Improving Margins

Elevated gross margin (~41%) with improving EBIT/EBITDA margins signals durable cost control and pricing power in port and stevedoring services. These margin structures support cash generation potential and competitive positioning, making profitability less sensitive to short-term volume swings.

Conservative Leverage and Strong Equity Base

A low debt-to-equity ratio and high equity backing provide financial flexibility for capex or cyclical downturns. Conservative leverage reduces refinancing risk and supports investment in logistics assets and technology while preserving access to credit lines for growth or working capital needs.

Negative Factors

Weak Cash Flow Conversion

Negative free cash flow growth and an OCF-to-net-income ratio of -2.55 indicate earnings are not translating into cash. Over months, this limits internal funding for capex and working capital, increases reliance on external financing, and raises liquidity pressure during operational volatility.

Rising Total Debt Trend

An upward trend in total debt, even from a low base, can strain financial flexibility if cash conversion remains weak. Continued debt accumulation risks higher interest burdens and covenant pressure, reducing the firm's ability to invest or absorb sector shocks over the medium term.

Earnings Volatility / EPS Decline

A near-50% EPS decline and net income below prior peaks point to volatility in profitability. Structural pressures or one-off items reducing EPS risk investor confidence and may constrain long-term reinvestment and dividend policies if earnings do not stabilize.

Aspinwall and Company Limited Business Overview & Revenue Model

Company Description

Aspinwall and Company Limited, a multi-line business organization, engages in coffee processing and trading, rubber plantation, natural fiber, and shipping and logistics businesses in India, the Americas, Europe, and internationally. The company's Coffee division is involved in the plantation, processing, trading, and export of coffee. Its Plantation division owns and manages approximately 2,200 acres of rubber plantations, as well as produces centrifuged latex and technically specified natural rubber. The company's Natural Fibre division produces entrance and corridor mats, carpets, mattings, rugs, runners, and mesh mattings; PVC and rubber-backed natural fiber products, and jute floor-coverings and furnishings, as well as supplies natural fiber geotextiles, which are used in environment engineering to prevent soil erosion; and coir pith, which is used in horticulture to grow plants. Its Logistics division provides liner, custom house agency, freight forwarding, air and bulk cargo, ship agency, stevedoring, warehousing, and project and over-dimensional cargo handling services. The Company's was founded in 1867 and is headquartered in Mangalore, India.

How the Company Makes Money

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Aspinwall and Company Limited Financial Statement Overview

Summary

Aspinwall and Company Limited demonstrates strong revenue growth and improved profitability margins, contributing to a positive income statement outlook. The balance sheet remains robust with low leverage, although rising debt warrants caution. Cash flow challenges highlight liquidity issues, necessitating careful management of cash operations and financing activities to maintain financial health.

Income Statement

The company's income statement reveals a robust revenue growth of 13.63% from 2024 to 2025, alongside improved profitability margins. Gross profit and net profit margins for 2025 are healthy at 41.02% and 4.32% respectively, reflecting efficient cost management. EBIT and EBITDA margins also show positive trends, indicating strong operational performance. However, there is a notable decline in gross profit from 2023, and net income has not yet reached the 2023 peak, suggesting some volatility.

Balance Sheet

The balance sheet displays a solid financial position with a debt-to-equity ratio of 0.36, indicating conservative leverage. The equity ratio is strong at 61.82%, which suggests significant asset backing by equity. Return on equity stands at 7.54%, reflecting moderate profitability relative to shareholder's equity. Despite these strengths, the increase in total debt from previous years highlights a potential risk if not managed properly.

Cash Flow

Cash flow analysis shows challenges, with negative free cash flow growth and an operating cash flow to net income ratio of -2.55, indicating cash constraints. Free cash flow to net income ratio is also negative, suggesting that the company is currently not generating sufficient cash relative to its net income. Although financing cash flows have improved, the reliance on external financing may pose risks to long-term cash sustainability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.52B	3.36B	2.96B	2.91B	2.57B	2.50B
Gross Profit	1.44B	1.38B	1.09B	1.43B	1.76B	1.63B
EBITDA	172.50M	252.00M	180.20M	416.60M	249.80M	166.30M
Net Income	66.10M	145.30M	106.80M	285.50M	152.70M	64.30M
Balance Sheet
Total Assets	3.15B	3.12B	2.50B	2.46B	2.40B	2.33B
Cash, Cash Equivalents and Short-Term Investments	174.00M	364.70M	360.50M	495.90M	195.00M	178.60M
Total Debt	815.90M	694.00M	292.30M	167.30M	290.10M	388.40M
Total Liabilities	1.28B	1.19B	672.20M	687.50M	858.70M	914.60M
Stockholders Equity	1.87B	1.93B	1.83B	1.77B	1.54B	1.42B
Cash Flow
Free Cash Flow	-286.60M	-444.50M	-78.70M	300.60M	107.20M	149.70M
Operating Cash Flow	-242.50M	-370.00M	44.50M	347.70M	163.50M	204.50M
Investing Cash Flow	209.20M	-249.20M	-69.50M	93.50M	29.90M	-14.10M
Financing Cash Flow	32.70M	407.20M	-12.80M	-131.80M	-170.30M	-183.20M

Aspinwall and Company Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 228.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 228.1 is above the 20-day moving average (MA) of 213.15, above the 50-day MA of 218.62, and below the 200-day MA of 254.38, indicating a bearish trend. The MACD of -2.87 indicates Positive momentum. The RSI at 39.88 is Neutral, neither overbought nor oversold. The STOCH value of 28.64 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDBANK	71 Outperform	₹1.39B	20.15	―	―	-18.35%	-43.75%
MAHESHWARI	70 Outperform	₹1.33B	9.09	―	―	2.13%	35.04%
ASPINWALL	63 Neutral	₹1.63B	6.70	―	2.79%	9.72%	-57.95%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
GAYAPROJ	54 Neutral	₹2.53B	0.03	―	―	―	―
SADBHAV	46 Neutral	₹1.41B	-0.64	―	―	―	―
NECCLTD	46 Neutral	₹1.36B	13.10	―	―	-8.31%	-40.98%