1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Ashima Limited

Ashima Limited

ASHIMASYN.BO
Ashima LimitedIN flagBombay Stock Exchange
16.49
INR
+0.01
- -
3.16BMarket Cap
Ashima Limited
ASHIMASYN.BO
(Bombay Stock Exchange)

Recent

price

16.49

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
60.36
56.43
61.66
62.36
81.24
63.92
15.93
17.75
17.34
14.72
5.36
10.8
10.8
4.68
0.55
0.63
0.74
Revenue per Share
-1.77
-3.32
-3.79
-2.99
-5.56
-7.06
2.28
9.85
1.7
-0.18
-0.6
0.93
-0.35
5.03
-0.99
-1.06
-1.05
Basic EPS, GAAP
-0.69
-0.1
0.05
0.18
1.61
1.65
-2.23
-2.34
-1.42
-0.22
-0.46
-1.91
-2.2
-2.28
-1.05
-2.15
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-99.18
-101.96
-105.21
-108.19
-151.7
-47.28
4.57
12.58
11.87
11.69
11.09
11.96
11.73
16.76
15.75
10.01
9.89
Book Value per Share
-50.98
-53.74
-56.98
-59.95
-80.63
4.33
4.48
12.46
11.74
11.51
10.9
11.73
11.49
16.53
15.55
14.46
14.28
Tangible Book Value per Share
43
43
43
43
33
33
120
128
192
192
192
193
192
192
192
192
194
Basic Weighted Avg Shares
2,594
2,425
2,649
2,679
2,711
2,133
1,905
2,280
3,322
2,820
1,027
2,081
2,070
896
105
120
144
Sales/Revenue/Turnover
-1.06
-4.54
-4.87
-4.08
-0.17
-5.11
-7.88
-5.54
-2.39
-2.93
-6.08
-4.59
-4.36
79.61
43.99
-28.64
16.64
Operating Margin (%)
144
134
133
123
46
38
34
37
56
54
34
44
41
8
7
3
3
Depreciation Expense
-52
-119
-140
-128
-162
-236
272
1,265
326
-34
-115
179
-66
964
-190
-203
-203
Net Income, GAAP
- -
- -
- -
- -
- -
- -
1.48
- -
- -
- -
6.32
- -
- -
0.09
- -
- -
4.05
Effective Tax Rate (%)
-2.02
-4.92
-5.27
-4.79
-5.98
-11.05
14.3
55.46
9.82
-1.2
-11.17
8.61
-3.21
107.59
-181.3
-169.03
-140.71
Profit Margin (%)
553
563
521
531
477
-635
4
741
1,002
924
833
983
929
2,173
2,861
2,529
2,529
Working Capital
4,707
4,752
4,727
4,681
4,574
623
739
238
246
222
124
78
250
1,025
1,125
1,639
1,639
LT Debt
-2,182
-2,302
-2,441
-2,570
-2,687
147
538
1,603
2,253
2,209
2,092
2,262
2,203
3,168
2,986
2,769
2,769
Total Equity
- -
- -
- -
- -
- -
- -
-9.68
-7.9
-3.6
- -
-2.44
-4.06
- -
20.74
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
53.37
82.08
17.95
- -
-4.01
8.41
- -
28.67
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
116.96
16.77
-1.5
-5.25
8.09
-2.92
35.31
-6.09
-8.22
-8.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
4
LT Borrowings
1,675
- -
1,639
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
192
- -
192
Market Capitalization
4,312
3,730
2,292

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,390
- -
3,692
Cash, Cash Equivalents & STI
1,658
- -
723
Accounts Receivable, Net
21
- -
21
Inventories
2,396
- -
2,904
Total Current Liabilities
1,135
- -
1,163
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
4
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
53.43%
7.27%
-7.25%
Free Cash Flow
-16.97%
76.65%
104.22%
Net Income, GAAP
-185.23%
-411.2%
6.84%
Sales/Revenue/Turnover
-5.22%
-5.65%
14.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
534
34
63
1,462
896
2025
78
53
22
8
105
2026
28
40
8
69
120

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.07
0.18
- -
5.03
2025
0.07
-0.62
-0.6
0.17
-0.99
2026
-0.13
-0.42
-0.14
-0.36
-1.06

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Ashima Limited operates primarily in the textiles and real estate sectors in India. The company manufactures denim fabrics and readymade garments, including shirts, under its textile business. It also engages in real estate development and investment activities, managing a diversified portfolio. Ashima Limited operates mainly in India with its headquarters in Ahmedabad, Gujarat, and was founded in the early 1990s. The company has recently undertaken significant operational changes, including the closure of its cotton textile operations in 2024 to focus on technical textiles with higher technological barriers. It completed a major acquisition of Ashima Dyecot Private Limited in 2020, expanding its textile manufacturing capabilities. Ashima Limited is also implementing a brownfield expansion plan to double its apparel manufacturing capacity to 1.8 million pieces per annum with an investment of around Rs. 18 crore. This expansion aims to increase productivity and market reach. Additionally, the company has engaged in related party transactions and updated several policies and codes in 2025, reflecting ongoing corporate governance improvements. Ashima Limited offers products and services categorized as denim fabric manufacturing; readymade garment production, including shirts; real estate development and investment; and portfolio management. The company's strategic focus is on enhancing textile production capacity and pivoting towards technically advanced textile domains, supported by operational updates and board-level strategic decisions. The company remains headquartered in Ahmedabad and continues to service markets primarily in India. This description reflects Ashima Limited's latest major changes and comprehensive core product offerings as of 2025.