---
title: "Adharshila Capital Services Ltd (1273150) — Share Price, Financials & Analysis"
symbol: "1273150"
company: "Adharshila Capital Services Ltd"
canonical: "https://tapetide.com/stocks/1273150"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T19:59:54.435Z"
---

# Adharshila Capital Services Ltd (1273150)

Canonical page: https://tapetide.com/stocks/1273150

## Company

- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** adharshilacapital.in

## About

Adharshila Capital Services is primarily engaged in the business of Loans and Investments and registered with RBI as NBFC.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.22 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -10.6% over past five years.
- Company has a low return on equity of 0.68% over last 3 years.
- Working capital days have increased from 171 days to 251 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -100% | — | — |
| revenue growth | -59% | -16% | -11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.04 | 0.03 | 0.08 | 0.08 | 0.03 | 0.03 | 0.08 | 0.03 | 0.03 | 0.03 | 0.03 | -0.02 |
| Expenses | 0.05 | 0.05 | 0.07 | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 | 0.02 | 0.03 | 0.06 | 0.24 |
| Financing Profit | -0.01 | -0.02 | 0.01 | 0.03 | -0.02 | -0.01 | 0.03 | -0.01 | 0.01 | 0 | -0.03 | -0.26 |
| Financing Margin % | -25 | -66.67 | 12.5 | 37.5 | -66.67 | -33.33 | 37.5 | -33.33 | 33.33 | 0 | -100 | 1300 |
| Other Income | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | -0.01 | 0.01 | 0.03 | -0.02 | -0.01 | 0.03 | -0.01 | 0.01 | 0 | -0.03 | -0.26 |
| Tax % | 0 | -4400 | 0 | 33.33 | -50 | -200 | 33.33 | 0 | 0 | — | 33.33 | -30.77 |
| Net Profit | -0.01 | 0.43 | 0.01 | 0.02 | -0.02 | 0.01 | 0.02 | -0.01 | 0.01 | -0.02 | -0.04 | -0.18 |
| EPS in Rs | -0.02 | 0.78 | 0.02 | 0.04 | -0.04 | 0.02 | 0.04 | -0.02 | 0.02 | -0.04 | -0.07 | -0.33 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.11 | 0.19 | 0.17 | 0.28 | 0.22 | 0.27 | 0.24 | 0.21 | 0.16 | 0.07 |
| Expenses | 0.14 | 0.14 | 0.34 | 0.29 | 0.3 | 0.16 | 0.21 | 0.2 | 0.13 | 0.35 |
| Financing Profit | -0.03 | 0.03 | -0.19 | -0.02 | -0.09 | 0.1 | 0.02 | 0 | 0.02 | -0.28 |
| Financing Margin % | -27.27 | 15.79 | -111.76 | -7.14 | -40.91 | 37.04 | 8.33 | 0 | 12.5 | -400 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Depreciation | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.03 | 0.02 | -0.19 | -0.02 | -0.09 | 0.1 | 0.02 | 0 | 0.02 | -0.28 |
| Tax % | -133.33 | -300 | -52.63 | 0 | 44.44 | 10 | -2150 | — | 100 | — |
| Net Profit | 0.01 | 0.08 | -0.09 | -0.02 | -0.13 | 0.09 | 0.45 | 0.02 | 0 | -0.23 |
| EPS in Rs | 0.02 | 0.15 | -0.16 | -0.04 | -0.24 | 0.16 | 0.82 | 0.04 | 0 | -0.42 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 |
| Reserves | 0.37 | 0.37 | 0.45 | 0.36 | 0.34 | 0.21 | 17.68 | 17.22 | 13.57 | 25.71 |
| Borrowing | 0 | 0 | 0.25 | 0.1 | 0.1 | 0.1 | 0.08 | 0.09 | 0.08 | 0.08 |
| Other Liabilities | 0.02 | 0.01 | 0.03 | 0.18 | 0.03 | 0.06 | 4.42 | 4.96 | 2.93 | 6.5 |
| Total Liabilities | 5.89 | 5.88 | 6.23 | 6.14 | 5.97 | 5.87 | 27.68 | 27.77 | 22.08 | 37.79 |
| Fixed Assets | 0.02 | 0.02 | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4.52 | 4.49 | 4.94 | 4.72 | 4.2 | 4.48 | 26.42 | 26.49 | 20.83 | 36.52 |
| Other Assets | 1.35 | 1.37 | 1.28 | 1.42 | 1.76 | 1.38 | 1.25 | 1.28 | 1.25 | 1.27 |
| Total Assets | 5.89 | 5.88 | 6.23 | 6.14 | 5.97 | 5.87 | 27.68 | 27.77 | 22.08 | 37.79 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -0.03 | -0.28 | -0.28 | -0.18 | -0.07 | 0.01 | -0.42 | -0.03 | 0.02 |
| Cash from Investing Activity | 0 | 0.03 | 0 | 0 | 0.53 | -0.28 | 0 | 0.01 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0.25 | 0.25 | -0.01 | 0.03 | -0.01 | 0.45 | 0.02 | -0.02 |
| Net Cash Flow | 0 | 0 | -0.02 | -0.02 | 0.34 | -0.32 | 0 | 0.04 | -0.01 | 0 |
| Free Cash Flow | 0 | -0.03 | -1 | -1 | -0.17 | -0.07 | 0.01 | -0.42 | -0.03 | 0.02 |
| CFO/OP | 0 | 100 | -560 | 171 | 1700 | 88 | 9 | -1333 | -300 | 67 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | -0.85 | 0.17 | 1.35 | -1.52 | -0.34 | -2.25 | 0.62 | 1.96 | 0.1 | 0 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.73% | 61.73% | 64.45% | 64.45% | 66.2% | 66.2% | 66.2% |
| Public | 38.27% | 38.27% | 35.55% | 35.55% | 33.8% | 33.8% | 33.8% |
| No. of Shareholders | 846 | 846 | 334 | 208 | 207 | 207 | 207 |

### Quarterly

| Category | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.45% | 64.45% | 64.45% | 64.45% | 64.45% | 66.2% | 66.2% | 66.2% | 66.2% | 66.2% | 66.2% | 66.2% |
| Public | 35.55% | 35.55% | 35.55% | 35.55% | 35.55% | 33.8% | 33.8% | 33.8% | 33.8% | 33.8% | 33.8% | 33.8% |
| No. of Shareholders | 208 | 208 | 208 | 208 | 208 | 207 | 207 | 207 | 207 | 207 | 207 | 207 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 1 / 12 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 110.18 | Sell |
| EMA (10) | 109.78 | Sell |
| SMA (20) | 111.21 | Sell |
| EMA (20) | 109.73 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.62 | Neutral |
| MACD (12,26,9) | 0.63 | Sell |
| Stochastic (14,3,3) | 26.8 | Neutral |
| ADX (14) | 14.22 | Neutral |
| Williams %R (14) | -65.95 | Neutral |
| ATR (14) | 3.47 | High Volatility |
| ROC (12) | -1.24 | Sell |
| Stoch RSI (14) | 19.25 | Buy |
| UO (7,14,28) | 38.85 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/74079539493.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/69114539493.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/5394930320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/5394930319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/5394930318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/5394930317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539493/5394930316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/ADHARSHILA_CAPITAL_SERVICES_LTD-539493-MARCH-2015.PDF) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2014/ADHARSHILA_CAPITAL_SERVICES_LTD-539493-MARCH-2014.PDF) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2013/ADHARSHILA_CAPITAL_SERVICES_LTD-539493-MARCH-2013.PDF) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:59:54.435Z.