---
title: "Ahimsa Industries Ltd (AHIMSA) — Share Price, Financials & Analysis"
symbol: "AHIMSA"
company: "Ahimsa Industries Ltd"
canonical: "https://tapetide.com/stocks/AHIMSA"
isin: "INE136T01014"
nse_symbol: "AHIMSA"
sector: "Industrial Products"
industry: "Plastic Products - Industrial"
market_cap_cr: 14.1
generated_at: "2026-09-13T20:35:50.632Z"
---

# Ahimsa Industries Ltd (AHIMSA)

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

## Company

- **NSE Symbol:** AHIMSA
- **ISIN:** INE136T01014
- **Sector:** Industrial Products
- **Industry:** Plastic Products - Industrial
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2015-10-15
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** greenpet.in

## About

Incorporated in 1996, Ahimsa Industries Ltd manufactures PET of preform, plastic processing machinery, and injection moulds.[1]

## Latest Price

- **Price:** ₹25.75
- **Change:** -0.05 (-0.19%)
- **Open:** ₹25.75
- **Day High:** ₹25.75
- **Day Low:** ₹25.75
- **Previous Close:** ₹25.8
- **Volume:** 231000
- **As Of:** 2026-09-04T08:34:11+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:32.144995Z.

- **Market Cap:** ₹14.1 Cr
- **Classification:** SME
- **P/E (reported):** -28.3
- **EPS (reported):** ₹0
- **Book Value:** ₹14.79
- **Price to Book:** 1.74
- **Dividend Yield:** 0%
- **ROE:** -6.12%
- **ROCE:** -6.11%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0.1 Cr
- **Net Income:** ₹-0.5 Cr
- **EBITDA:** ₹-0.5 Cr
- **52-Week High:** ₹28.5
- **52-Week Low:** ₹22.6
- **RSI (14):** 41.96

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -70.4% over past five years.
- Company has a low return on equity of -15.9% over last 3 years.
- Company has high debtors of 19,126 days.
- Promoter holding has decreased over last 3 years: -18.6%
- Working capital days have increased from 16,327 days to 48,545 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 92.5% | -110% | -104.94% |
| net income growth | -88.1% | 1% | -266.67% |
| revenue growth | -98.96% | -86% | -70% |
| roce | -86.36% | 11.7% | -10.27% |
| roe | -87.41% | -20.66% | -394.23% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.61 | 12.34 | 10.14 | 11.93 | 11.61 | 8.63 | 6.49 | 8.06 | 6.72 | 2.82 | 0.05 | 0 |
| Expenses | 9 | 11.21 | 9.19 | 11.98 | 11.05 | 8.66 | 6.4 | 8.35 | 7.23 | 5.31 | 0.27 | 0.24 |
| Operating Profit | 0.61 | 1.13 | 0.95 | -0.05 | 0.56 | -0.03 | 0.09 | -0.29 | -0.51 | -2.49 | -0.22 | -0.24 |
| OPM % | 6.35 | 9.16 | 9.37 | -0.42 | 4.82 | -0.35 | 1.39 | -3.6 | -7.59 | -88.3 | -440 | — |
| Other Income | 0.1 | 0.07 | 0.41 | 0.01 | 0.56 | 0.13 | 0.13 | 0.11 | 0.04 | -0.47 | 0 | 0 |
| Interest | 0.32 | 0.33 | 0.16 | 0.18 | 0.1 | 0.14 | 0.12 | 0.12 | 0.11 | 0.01 | 0 | 0 |
| Depreciation | 0.59 | 0.52 | 0.44 | 0.48 | 0.43 | 0.45 | 0.4 | 0.36 | 0.33 | 0.09 | 0.01 | 0.03 |
| Profit before tax | -0.2 | 0.35 | 0.76 | -0.7 | 0.59 | -0.49 | -0.3 | -0.66 | -0.91 | -3.06 | -0.23 | -0.27 |
| Tax % | -10 | 22.86 | 3.95 | -35.71 | 1.69 | -2.04 | -6.67 | -1.52 | 0 | 6.54 | 0 | 0 |
| Net Profit | -0.18 | 0.28 | 0.73 | -0.45 | 0.58 | -0.48 | -0.28 | -0.65 | -0.92 | -3.26 | -0.22 | -0.27 |
| EPS in Rs | -0.33 | 0.51 | 1.33 | -0.82 | 1.06 | -0.88 | -0.51 | -1.19 | -1.68 | -5.96 | -0.4 | -0.49 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 59.27 | 95.78 | 37.84 | 31.45 | 21.95 | 21.9 | 20.24 | 14.46 | 9.54 | 0.05 |
| Expenses | 54.62 | 92.03 | 35.55 | 30.41 | 20.09 | 21.18 | 19.67 | 14.66 | 12.55 | 0.51 |
| Operating Profit | 4.65 | 3.75 | 2.29 | 1.04 | 1.86 | 0.72 | 0.57 | -0.2 | -3.01 | -0.46 |
| OPM % | 7.85 | 3.92 | 6.05 | 3.31 | 8.47 | 3.29 | 2.82 | -1.38 | -31.55 | -920 |
| Other Income | 0.5 | 0.28 | 0.37 | 0.48 | 0.05 | 0.6 | 0.69 | 0.24 | -0.42 | 0 |
| Interest | 0.95 | 0.87 | 0.79 | 0.62 | 0.65 | 0.34 | 0.29 | 0.24 | 0.12 | 0 |
| Depreciation | 2.12 | 1.9 | 1.56 | 1.36 | 1.11 | 0.91 | 0.88 | 0.76 | 0.42 | 0.03 |
| Profit before tax | 2.08 | 1.26 | 0.31 | -0.46 | 0.15 | 0.07 | 0.09 | -0.96 | -3.97 | -0.49 |
| Tax % | 34.62 | 34.92 | 32.26 | -4.35 | 40 | -300 | 0 | -3.12 | 5.04 | 0 |
| Net Profit | 1.35 | 0.83 | 0.21 | -0.44 | 0.09 | 0.28 | 0.1 | -0.93 | -4.18 | -0.5 |
| EPS in Rs | 2.47 | 1.52 | 0.38 | -0.8 | 0.16 | 0.51 | 0.18 | -1.7 | -7.64 | -0.91 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.47 | 5.47 | 5.47 | 5.47 | 5.47 | 5.47 | 5.47 | 5.47 | 5.47 | 5.47 |
| Reserves | 7.15 | 7.97 | 8.19 | 7.75 | 7.84 | 8.13 | 8.22 | 7.29 | 3.12 | 2.62 |
| Borrowings | 8.96 | 7.47 | 8.09 | 7.51 | 7.65 | 4.16 | 3.09 | 2.14 | 0.01 | 0 |
| Other Liabilities | 15.99 | 29.14 | 13.82 | 3.25 | 2.84 | 3.45 | 3.27 | 1.68 | 0.24 | 0.47 |
| Total Liabilities | 37.57 | 50.05 | 35.57 | 23.98 | 23.8 | 21.21 | 20.05 | 16.58 | 8.84 | 8.56 |
| Fixed Assets | 11.63 | 9.88 | 8.98 | 7.75 | 6.4 | 6.12 | 5.68 | 4.93 | 0.11 | 0.08 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 25.94 | 40.17 | 26.59 | 16.23 | 17.4 | 15.09 | 14.37 | 11.65 | 8.73 | 8.48 |
| Total Assets | 37.57 | 50.05 | 35.57 | 23.98 | 23.8 | 21.21 | 20.05 | 16.58 | 8.84 | 8.56 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3.28 | 1.02 | 4.31 | 0.73 | 2.69 | 2.43 | 0.75 | 1.2 | -1.6 | -0.12 |
| Cash from Investing Activity | -2.73 | -1.16 | -3.07 | -0.97 | -0.36 | -0.67 | -0.05 | 0.02 | 3.92 | -0.01 |
| Cash from Financing Activity | -0.87 | -0.38 | -1.3 | -0.34 | -0.28 | -3.76 | -1.07 | -1.18 | -2.24 | -0.01 |
| Net Cash Flow | -0.32 | -0.52 | -0.06 | -0.58 | 2.06 | -1.99 | -0.37 | 0.03 | 0.08 | -0.14 |
| Free Cash Flow | 1.41 | 0.87 | 2.1 | 0.16 | 2.87 | 2.1 | 0.93 | 1.19 | 2.32 | -0.13 |
| CFO/OP | 65 | 41 | 194 | 70 | 145 | 338 | 132 | -600 | 53 | 26 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 108.39 | 114.82 | 155.01 | 71.49 | 102.93 | 81 | 97.38 | 105.26 | 213.11 | 19126 |
| Inventory Days | 38.65 | 31.98 | 86.83 | 98.4 | 129.93 | 119.13 | 119.81 | 168.74 | 63.12 | 9672.5 |
| Days Payable | 113.6 | 92.92 | 155.28 | 37.11 | 38.58 | 37.79 | 50.89 | 50.13 | 2.74 | 0 |
| Cash Conversion Cycle | 33.43 | 53.88 | 86.56 | 132.77 | 194.29 | 162.34 | 166.3 | 223.87 | 273.48 | 28798.5 |
| Working Capital Days | 5.48 | 9.45 | 40.61 | 62.67 | 78.49 | 125.17 | 143.19 | 168.62 | 267.44 | 48545 |
| ROCE % | 14.05 | 10.03 | 5.16 | -0.71 | 4.17 | 0.21 | -1.45 | -4.42 | -28.68 | -5.87 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.28% | 69.28% | 69.61% | 69.61% | 69.61% | 69.61% | 69.61% | 51.03% | 51.03% | 51.03% | 51.03% | 51.03% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 18.58% | 20.66% | 20.66% | 20.61% | 20.61% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.43% | 25.43% | 25.98% | 26.31% | 25.32% | 25.32% | 17.32% | 16.44% | 15.73% | 17.59% | 17.54% | 17.54% |
| Others | 5.29% | 5.29% | 4.41% | 4.08% | 5.07% | 5.07% | 13.07% | 13.95% | 12.58% | 10.71% | 10.82% | 10.82% |
| No. of Shareholders | 81 | 79 | 77 | 76 | 81 | 80 | 69 | 67 | 68 | 71 | 72 | 72 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 25.68 | Buy |
| EMA (10) | 25.61 | Buy |
| SMA (20) | 24.87 | Buy |
| EMA (20) | 25.76 | Sell |
| SMA (50) | 29.65 | Sell |
| EMA (50) | 30.36 | Sell |
| SMA (100) | 42.22 | Sell |
| EMA (100) | 33.58 | Sell |
| SMA (200) | 29.77 | Sell |
| EMA (200) | 31.13 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.98 | Neutral |
| MACD (12,26,9) | -0.91 | Buy |
| Stochastic (14,3,3) | 50.39 | Neutral |
| ADX (14) | 33.19 | Buy |
| Williams %R (14) | -57.29 | Neutral |
| ATR (14) | 1.06 | High Volatility |
| ROC (12) | 8.65 | Buy |
| Stoch RSI (14) | 73.47 | Neutral |
| UO (7,14,28) | 54.32 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 March 2026 - Spunweb to attend GENTEXH 2026 in Ho Chi Minh City, March 11–13; presentation may be shared. | [General Updates 7 March 2026 - Spunweb to attend GENTEXH 2026 in Ho Chi Minh City, March 11–13; presentation may be shared.](https://nsearchives.nseindia.com/corporate/SPUNWEB_07032026105523_ParticipationinExhibitionGENTEXH_2026.pdf) |
| 7 Jul - Rarever Financial Advisors Private Limited has submitted to the Exchange a copy of Public Announcement under Regulations 3(1) And 4 read with Regulation 13, 14 … | [Public Announcement-Open Offer 7 Jul - Rarever Financial Advisors Private Limited has submitted to the Exchange a copy of Public Announcement under Regulations 3(1) And 4 read with Regulation 13, 14 …](https://nsearchives.nseindia.com/corporate/team_bbodade_07072026185655_AHIMSA.zip) |
| 6 January 2026 - 2.0 MW solar commissioned (Jan 6, 2026); ~3.5 million units/year; group capacity 6.5 MW. | [General Updates 6 January 2026 - 2.0 MW solar commissioned (Jan 6, 2026); ~3.5 million units/year; group capacity 6.5 MW.](https://nsearchives.nseindia.com/corporate/SPUNWEB_06012026182549_Commissioningof2MWsolarSIPL.pdf) |
| 30 May 2026 - Board approved audited FY26 results; auditors issued unmodified opinion; trading window opens 2 June 2026. | [Outcome of Board Meeting 30 May 2026 - Board approved audited FY26 results; auditors issued unmodified opinion; trading window opens 2 June 2026.](https://nsearchives.nseindia.com/corporate/AHIMSA_30052026154530_SEOUTCOME300526.pdf) |
| 30 April 2026 - Ahimsa Industries հայտնում corporate governance Regulation 27(2) not applicable for quarter ended 31 March 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 30 April 2026 - Ahimsa Industries հայտնում corporate governance Regulation 27(2) not applicable for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/AHIMSA_30042026155706_CG-Non_Applicability.pdf) |
| 3 Sep - Identified date for open offer fixed at September 3, 2026; 26% stake offered at ₹25 per share. | [Updates 3 Sep - Identified date for open offer fixed at September 3, 2026; 26% stake offered at ₹25 per share.](https://nsearchives.nseindia.com/corporate/team_bbodade_03092026170426_02092026192032_AHIMSA.pdf) |
| 28 Jul - Quarterly SDD compliance certificate for June 30, 2026 confirms no non-compliance. | [Structural Digital Database 28 Jul - Quarterly SDD compliance certificate for June 30, 2026 confirms no non-compliance.](https://nsearchives.nseindia.com/corporate/AHIMSA_28072026113431_SESDD.pdf) |
| 27 May 2026 - Ashutosh Gandhi resigns as MD effective 27 May 2026; Arti Jain appointed independent director. | [Appointment 27 May 2026 - Ashutosh Gandhi resigns as MD effective 27 May 2026; Arti Jain appointed independent director.](https://nsearchives.nseindia.com/corporate/AHIMSA_27052026163331_SEintimation.pdf) |
| 27 May 2026 - Ashutosh Gandhi resigned as MD on 27 May 2026; Arti Jain appointed Independent Director. | [Cessation 27 May 2026 - Ashutosh Gandhi resigned as MD on 27 May 2026; Arti Jain appointed Independent Director.](https://nsearchives.nseindia.com/corporate/AHIMSA_27052026163149_SEintimation.pdf) |
| 27 May 2026 - Ahimsa Industries Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 27 May 2026 - Ahimsa Industries Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/AHIMSA_ROID_88698_KMP_Doc.zip) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30729_AHIMSA_2025_2026_A_2240063_27082026180733.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28598_AHIMSA_2024_2025_A_2438794_05092025171954.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24836_AHIMSA_2023_2024_0608202416141.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22804_AHIMSA_2022_2023_18082023125444_08182023130001.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20610_AHIMSA_2021_2022_05082022121020_08052022130003.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_18853_AHIMSA_2020_2021_24082021122421_24082021130003.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17258_AHIMSA_2019_2020_04092020160208_04092020170006.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16121_AHIMSA_2018_2019_02102019113731_02102019120005.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13376_AHIMSA_2017_2018_07092018125520.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_10798_AHIMSA_2016_2017_19072017130753.zip) |

---

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 2026-09-13T20:35:50.632Z.