---
title: "Ashari Agencies Ltd (1273450) — Share Price, Financials & Analysis"
symbol: "1273450"
company: "Ashari Agencies Ltd"
canonical: "https://tapetide.com/stocks/1273450"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:59:03.205Z"
---

# Ashari Agencies Ltd (1273450)

Canonical page: https://tapetide.com/stocks/1273450

## Company

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

## About

Ashari Agencies objects are: 1. To acquire, purchase, sell erect, construct, develop, alter, improve, let-out, hold, lease, exchange, hire or otherwise deal in land, house, buildings and immovable property of any tenure or description or any interests therein. 2. Subject to the provisions of Prize Chits & Money Circulation Schemes (Banning) Act, 1978 & Banking Regulation Act, 1949 to carry on the business as financers, underwriters, brokers, money lenders & generally to lend money with or without interest to any persons, firm or otherwise & to guarantee the performance of contracts & obligation of any person or company & also to carry on hire purchase finance business. 3. To carry on the business as Investment company. Commission Agents, Buying and selling Agents, Brokers and Adatias.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.26 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -4.83% over last 3 years.
- Working capital days have increased from 869 days to 2,029 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -763% | -31% |
| revenue growth | -98% | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | -0.41 | 1.61 | -1.45 | -0.29 | -0.35 | 0 | 0 | -0.01 | 0 | 0 | 0 |
| Expenses | 0.14 | 0.12 | 0.26 | 0.12 | 0.15 | 0.11 | 0.11 | 0.08 | 0.11 | 0.18 | 0.11 | 0.06 |
| Operating Profit | -0.14 | -0.53 | 1.35 | -1.57 | -0.44 | -0.46 | -0.11 | -0.08 | -0.12 | -0.18 | -0.11 | -0.06 |
| OPM % | — | — | 83.85 | — | — | — | — | — | — | — | — | — |
| Other Income | 0.41 | 0.98 | 0.02 | 1.22 | 0.11 | 0.16 | 0.07 | -0.32 | -0.39 | 0.11 | 0.1 | 0.09 |
| Interest | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.27 | 0.45 | 1.37 | -0.35 | -0.34 | -0.3 | -0.04 | -0.4 | -0.51 | -0.07 | -0.01 | 0.03 |
| Tax % | 0 | 20 | 22.63 | -111.43 | -188.24 | 0 | 0 | 0 | 619.61 | 0 | 0 | 0 |
| Net Profit | 0.27 | 0.37 | 1.06 | 0.04 | 0.31 | -0.3 | -0.04 | -0.4 | -3.66 | -0.07 | -0.01 | 0.03 |
| EPS in Rs | 0.31 | 0.43 | 1.24 | 0.05 | 0.36 | -0.35 | -0.05 | -0.47 | -4.27 | -0.08 | -0.01 | 0.03 |

### Profit & Loss

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

| Item | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.09 | 0.95 | 0.19 | 0.35 | 3.02 | 1.23 | 1.79 | -0.84 | -0.01 |
| Expenses | 0.18 | 0.15 | 0.23 | 0.24 | 7.84 | 0.44 | 0.64 | 0.4 | 0.46 |
| Operating Profit | 0.91 | 0.8 | -0.04 | 0.11 | -4.82 | 0.79 | 1.15 | -1.24 | -0.47 |
| OPM % | 83.49 | 84.21 | -21.05 | 31.43 | -159.6 | 64.23 | 64.25 | — | 4700 |
| Other Income | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.09 |
| Interest | 0.01 | 0 | 0.01 | 0 | 0 | 0.01 | 0.02 | 0.01 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.94 | 0.8 | -0.05 | 0.11 | -4.82 | 0.78 | 1.13 | -1.25 | -0.56 |
| Tax % | -1.06 | 11.25 | -100 | 172.73 | -45.23 | -15.38 | -56.64 | 252.8 | — |
| Net Profit | 0.94 | 0.71 | -0.01 | -0.08 | -2.64 | 0.9 | 1.77 | -4.4 | -3.71 |
| EPS in Rs | 1.09 | 0.83 | -0.01 | -0.09 | -3.07 | 1.05 | 2.06 | -5.13 | -4.33 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.72 | 1.72 | 1.72 | 1.72 | 1.72 | 1.72 | 8.58 | 8.58 | 8.58 |
| Reserves | 10.49 | 11.2 | 11.2 | 11.12 | 8.48 | 12.25 | 4.19 | -0.67 | -1.62 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.02 | 0.02 | 0.05 | 0.04 | 0.04 | 0.07 | 0.08 | 0.07 | 0.07 |
| Total Liabilities | 12.23 | 12.94 | 12.97 | 12.88 | 10.24 | 14.04 | 12.85 | 7.98 | 7.03 |
| Fixed Assets | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6.09 | 7.44 | 9.83 | 9.54 | 4.59 | 9.55 | 5.85 | 1.76 | 2.1 |
| Other Assets | 6.13 | 5.49 | 3.14 | 3.34 | 5.65 | 4.49 | 7 | 6.22 | 4.93 |
| Total Assets | 12.23 | 12.94 | 12.97 | 12.88 | 10.24 | 14.04 | 12.85 | 7.98 | 7.03 |

### Cash Flow

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

| Item | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | -0.13 | -0.11 | -7.85 | 0.14 | -4.74 | -3.11 |
| Cash from Investing Activity | — | — | 0.14 | 0.64 | 7.29 | -0.08 | 4.71 | 3.1 |
| Cash from Financing Activity | — | — | 0 | 0 | 0 | -0.01 | -0.01 | 0 |
| Net Cash Flow | — | — | 0.01 | 0.53 | -0.56 | 0.05 | -0.03 | -0.01 |
| Free Cash Flow | — | — | 1.84 | -0.11 | -7.85 | 1.4 | -4.73 | -2.81 |
| CFO/OP | — | — | 550 | -127 | 163 | 33 | -397 | 247 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | — | — | — | — | — | 0 | — | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 770.18 | 664.68 | 2535.79 | 1115.86 | 204.25 | 109.8 | 466.96 | 2029.23 |
| ROCE % | — | 6.37 | — | 0.85 | -41.84 | 6.54 | 8.6 | -11.99 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 71.98% | 71.98% | 25.98% | 11.84% | 11.84% |
| Public | 28.02% | 28.02% | 74.02% | 88.16% | 88.16% |
| No. of Shareholders | 518 | 1180 | 2039 | 1901 | 1903 |

### Quarterly

| Category | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.98% | 69.77% | 52.62% | 25.98% | 11.84% | 11.84% | 11.84% | 11.84% | 11.84% | 11.84% | 11.84% | 11.84% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% |
| Public | 28.02% | 30.23% | 47.38% | 74.02% | 88.16% | 88.16% | 88.16% | 88.16% | 88.16% | 88.16% | 88.16% | 88.16% |
| No. of Shareholders | 1756 | 1851 | 1933 | 2039 | 2075 | 1889 | 1890 | 1901 | 1863 | 1848 | 1891 | 1903 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 2 / 11 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 116.99 | Sell |
| EMA (10) | 116.2 | Sell |
| SMA (20) | 118.76 | Sell |
| EMA (20) | 118.34 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.79 | Neutral |
| MACD (12,26,9) | -2.75 | Sell |
| Stochastic (14,3,3) | 12.44 | Buy |
| ADX (14) | 13.01 | Neutral |
| Williams %R (14) | -85.5 | Buy |
| ATR (14) | 4.33 | High Volatility |
| ROC (12) | -8.21 | Sell |
| Stoch RSI (14) | 20.66 | Neutral |
| UO (7,14,28) | 37.76 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport//5400240319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5400240318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5400240317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5400240316.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 2026-09-13T18:59:03.205Z.