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Ashnisha Industries

541702 BSE
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Ashnisha Industries (ASHNI) share price was ₹2.31 at the 28 Oct 2026 close; market capitalisation ₹61.29 Cr; sector Commercial Services. The share price fell 24.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹1.33 Cr, against ₹0.35 Cr a year earlier and net profit was ₹0.04 Cr, against ₹0.12 Cr a year earlier (compared with Jun 2025). Promoters held 6.61% of Ashnisha Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 43/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹2.31 −0.76 −24.76% 1Y

Key Fundamentals

MicrocapCommercial ServicesServices
Market Cap
₹61.29 Cr
EBITDA
₹80.00 L
Return on Equity
0.19%
Debt to Equity
0.05
Book Value
₹4.14
EPS (TTM)
₹0.00
52W High
₹5.36
52W Low
₹2.17

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Consolidated · TTM

Peer Comparison

Services › Commercial Services › Trading & Distributors

Redington
₹350.0016.0827,362 Cr2.691.68%12.32%19.00%1,28,312 Cr1,504 Cr
MMTC
₹51.5817.317,737 Cr3.650.00%18.27%29.75%908 Cr447 Cr
MSTC
₹565.2516.983,979 Cr4.402.82%24.16%31.29%478 Cr234 Cr
Creative Newtech
₹1,172.7023.911,761 Cr4.390.05%18.15%26.34%2,794 Cr74 Cr
Pervasive Commodities
——1,104 Cr12.250.00%-0.05%0.02%40 Cr-0 Cr
RRP Defense
——810 Cr59.900.00%53.72%74.36%12 Cr-2 Cr
Ashnisha Industries (this company)
——61 Cr0.560.00%0.19%0.25%16 Cr0 Cr
Median 7 companies₹457.6317.151,761 Cr4.390.00%18.15%26.34%478 Cr74 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

43 Weak
Overall score

Data confidence 93/100

Category scores

Quality Poor 31
Returns, margins, earnings quality 22% weight
Valuation Poor 30
Cheap vs sector & own history 24% weight
Growth Strong 99
Sales & profit trajectory 9% weight
Financial Health Strong 67
Solvency, leverage, coverage 9% weight
Momentum Poor 7
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.57 times its book value

Weaknesses

6
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.81% over past five years.
  • Promoter holding is low: 6.61%
  • Company has a low return on equity of 0.68% over last 3 years.
  • Company has high debtors of 457 days.
  • Promoter holding has decreased over last 3 years: -20.5%

Technical Indicators

Oscillators

Neutral

Bearish
1
Neutral
7
Bullish
1

Overall

Bearish

Bearish
11
Neutral
7
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
45.28% higher than 3Y

change over 1 year

Net Income Growth
0% higher than 3Y

change over 1 year

Cash Flow Change
-231%

change over 1 year

EBITDA Margin Change
-67.24%

change over 1 year Operating margin -4.51% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2.55
2.06
1.06
6.8
0.42
0.69
2.69
1.04
0.35
4.49
2.59
5.51
1.33
Expenses
2.28
2.17
0.88
7.59
1.32
0.81
2.74
3.96
0.6
4.66
2.71
6.58
1.39
Operating Profit
0.27
-0.11
0.18
-0.79
-0.9
-0.12
-0.05
-2.92
-0.25
-0.17
-0.12
-1.07
-0.06
OPM %
10.59%
-5.34%
16.98%
-11.62%
-214.29%
-17.39%
-1.86%
-280.77%
-71.43%
-3.79%
-4.63%
-19.42%
-4.51%
Other Income
0.12
0.49
0.16
1.63
1.08
0.27
0.19
4.24
0.5
0.35
0.31
1.29
0.23
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.08
0.07
0.07
0.3
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
PBT
0.31
0.31
0.27
0.54
0.05
0.02
0.01
1.19
0.12
0.05
0.06
0.09
0.04
Tax %
0%
22.58%
25.93%
62.96%
0%
50%
0%
91.6%
0%
0%
0%
88.89%
0%
Net Profit
0.31
0.24
0.2
0.2
0.05
0.01
0.01
0.1
0.12
0.06
0.06
0.01
0.04
EPS (₹)
0.01
0.01
0.01
0.01
0
0
0
0
0
0
0
0
0
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
11.81
74.21
26.8
10.16
9.01
19.64
12.47
4.83
12.85
13.92
Expenses
11.82
65.82
28.23
9.72
9.06
19.93
12.92
8.84
14.55
15.34
Operating Profit
-0.01
8.39
-1.43
0.44
-0.05
-0.29
-0.45
-4.01
-1.7
-1.42
OPM %
-0.08%
11.31%
-5.34%
4.33%
-0.55%
-1.48%
-3.61%
-83.02%
-13.23%
-10.2%
Other Income
-0.64
0.64
0.4
0.64
2.27
1.74
2.4
5.79
2.54
2.18
Interest
0
0.69
0.24
0.1
0.01
0.01
0
0
0
0
Depreciation
0.01
4.1
3.66
1.7
0.98
0.3
0.52
0.52
0.52
0.52
PBT
-0.66
4.24
-4.93
-0.72
1.23
1.14
1.43
1.26
0.32
0.24
Tax %
0%
5.19%
-8.32%
-2.78%
65.85%
21.05%
33.57%
87.3%
25%
—
Net Profit
-0.66
4.02
-4.51
-0.69
0.42
0.9
0.96
0.17
0.25
0.17
EPS (₹)
-0.08
0.51
-0.57
-0.09
0.05
0.03
0.04
0.01
0.01
0
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3.02
3.02
3.02
3.02
3.02
9.9
10.1
10.1
26.51
Reserves
9.16
13.19
41.85
41.16
41.58
46.47
50.46
50.61
83.22
Borrowings
1.67
69.92
1.74
3.18
1.74
1.69
3.77
46.13
5.38
Other Liabilities
1.54
9.64
19.41
25.09
22.3
26.91
29.46
21
20.6
Total Liabilities
15.39
95.77
66.02
72.45
68.64
84.97
93.79
128
136
Fixed Assets
0.05
14.55
8.9
13.42
12.7
12.17
11.66
11.14
10.64
CWIP
0
0
0
0
0
0
0
0.34
7.32
Investments
2.17
1.37
4.16
4.01
0.59
0.59
3.59
2.82
0.77
Other Assets
13.17
79.85
52.96
55.02
55.35
72.21
78.54
114
117
Total Assets
15.39
95.77
66.02
72.45
68.64
84.97
93.79
128
136
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-11.57
57.79
-67.29
16.56
-17.99
-8.93
2.96
-12.75
-42.22
Investing
-0.77
-16.33
-0.4
-3.78
4.61
1.74
-0.75
0.62
-3.15
Financing
12.36
-41.41
72.1
-2.5
-1.28
9.66
-4.01
11.52
52.49
Net Cash Flow
0.02
0.05
4.4
10.27
-14.66
2.47
-1.8
-0.61
7.12
Free Cash Flow
-11.63
42.86
-65.3
11.98
-18.25
-8.93
2.96
-13.09
-49.21
CFO/OP
1,15,700
689
4,706
3,764
35,980
3,034
-707
294
2,481
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
310
115
136
310
234
233
453
561
457
Inventory Days
0
33.79
111
63.95
51.1
0
7.81
0
0
Days Payable
—
33.16
38.77
411
82.73
—
361
—
—
Cash Conversion Cycle
310
116
207
-36.69
203
233
100
561
457
Working Capital Days
359
-197
345
271
1,072
655
930
3,411
2,453
ROCE %
—
9.81%
-6.27%
-0.98%
0.94%
1.68%
1.84%
1.23%
0.25%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ashnisha Industries insights

58 extracted metrics + investor summaries across FY16–FY27.

Shareholding Pattern

Public78.93%Promot.6.61%Others14.45%As ofSep 2026

Documents

Frequently Asked Questions about Ashnisha Industries

What does Ashnisha Industries Ltd do?
Incorporated in 2009, Ashnisha Industries Ltd does trading of various steel products and goods.[1]
Where is Ashnisha Industries Ltd (ASHNI) listed?
Ashnisha Industries Ltd trades under code 541702 on the BSE.
Which sector does Ashnisha Industries Ltd belong to?
Ashnisha Industries Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the market capitalisation of Ashnisha Industries Ltd?
Ashnisha Industries Ltd has a market capitalisation of ₹61.29 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Ashnisha Industries Ltd?
Over the last 52 weeks Ashnisha Industries Ltd has traded between ₹2.17 and ₹5.36 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Ashnisha Industries Ltd?
Ashnisha Industries Ltd reported a return on equity of 0.19%. Its debt-to-equity ratio is 0.05.

Company Information

Incorporated in 2009, Ashnisha Industries Ltd does trading of various steel products and goods.[1]

Website ashnisha.in
CEO Mr. Ashok Chinubhai Shah B.S. Chem., I.JSA
Employees 1
Listed 2018-07-31
Face Value ₹ 1
Shares Outstanding 26,53,22,581

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