---
title: "Ashapura Logistics Ltd (ASHALOG) — Share Price, Financials & Analysis"
symbol: "ASHALOG"
company: "Ashapura Logistics Ltd"
canonical: "https://tapetide.com/stocks/ASHALOG"
isin: "INE0LAA01017"
nse_symbol: "ASHALOG"
sector: "Logistics & Cargo"
industry: "Logistics Solution Provider"
market_cap_cr: 81.4
generated_at: "2026-09-13T20:14:31.603Z"
---

# Ashapura Logistics Ltd (ASHALOG)

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

## Company

- **NSE Symbol:** ASHALOG
- **ISIN:** INE0LAA01017
- **Sector:** Logistics & Cargo
- **Industry:** Logistics Solution Provider
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-08-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ashapura.in

## About

Incorporated in 2002, Ashapura Logistics Ltd provides end-to-end solutions and services 
for supply chain management and logistics requirements.[1]

## Latest Price

- **Price:** ₹60
- **Change:** 0 (0%)
- **Open:** ₹60.05
- **Day High:** ₹60.95
- **Day Low:** ₹59
- **Previous Close:** ₹60
- **Volume:** 5000
- **As Of:** 2026-09-11T09:39:26+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:33.188403Z.

- **Market Cap:** ₹81.4 Cr
- **Classification:** SME
- **P/E (reported):** 9
- **Book Value:** ₹102.78
- **Price to Book:** 0.58
- **Dividend Yield:** 0%
- **ROE:** 6.48%
- **ROCE:** 12.45%
- **Debt to Equity:** 0.56
- **Revenue (yearly):** ₹319.3 Cr
- **Net Income:** ₹9.1 Cr
- **EBITDA:** ₹30.3 Cr
- **52-Week High:** ₹92.6
- **52-Week Low:** ₹49.6
- **RSI (14):** 47.93

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 25.61 | 9% |
| growth | 73.99 | 9% |
| momentum | 68.36 | 12% |
| ownership | 48.32 | 24% |
| quality | 67.82 | 22% |
| valuation | 53.41 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.58 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.6% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 208.8% | 281.97% | 8.18% |
| ebitda margin growth | -20.74% | -29.46% | 0.96% |
| net income growth | -26.61% | -2% | 15.19% |
| revenue growth | 37.27% | 13% | 7.05% |
| roce | -12.26% | -53.14% | 22.88% |
| roe | -31.43% | 11.57% | -67.98% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 91 | 108 | 94 | 137 | 165 | 153 |
| Expenses | 79 | 94 | 81 | 124 | 148 | 141 |
| Operating Profit | 13 | 14 | 13 | 13 | 18 | 12 |
| OPM % | 14 | 13 | 14 | 10 | 11 | 8 |
| Other Income | 0 | 0 | 0 | 2 | 0 | 0 |
| Interest | 2 | 2 | 2 | 2 | 3 | 3 |
| Depreciation | 3 | 4 | 2 | 5 | 5 | 6 |
| Profit before tax | 8 | 9 | 9 | 8 | 10 | 4 |
| Tax % | 27 | 25 | 25 | 27 | 26 | 28 |
| Net Profit | 6 | 6 | 7 | 6 | 7 | 3 |
| EPS in Rs | — | 6.51 | 4.8 | 4.26 | 5.34 | 1.88 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 227 | 222 | 199 | 231 | 319 |
| Expenses | 206 | 199 | 172 | 205 | 289 |
| Operating Profit | 21 | 22 | 27 | 26 | 30 |
| OPM % | 9 | 10 | 13 | 11 | 9 |
| Other Income | 0 | 1 | 0 | 2 | 1 |
| Interest | 6 | 4 | 4 | 4 | 7 |
| Depreciation | 6 | 7 | 7 | 7 | 10 |
| Profit before tax | 10 | 13 | 17 | 17 | 13 |
| Tax % | 23 | 25 | 26 | 26 | 32 |
| Net Profit | 8 | 9 | 12 | 12 | 9 |
| EPS in Rs | — | — | 12.49 | 9.07 | 6.65 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.37 | 0.37 | 10 | 14 | 14 |
| Reserves | 38 | 48 | 55 | 117 | 126 |
| Borrowings | 43 | 35 | 41 | 62 | 79 |
| Other Liabilities | 34 | 22 | 20 | 21 | 35 |
| Total Liabilities | 116 | 105 | 126 | 213 | 253 |
| Fixed Assets | 32 | 29 | 32 | 57 | 64 |
| CWIP | 0 | 0 | 0 | 6 | 27 |
| Investments | 0 | 0 | 0 | 5 | 0 |
| Other Assets | 83 | 76 | 94 | 146 | 162 |
| Total Assets | 116 | 105 | 126 | 213 | 253 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 21 | 16 | 6 | -21 | 23 |
| Cash from Investing Activity | -7 | -4 | -10 | -50 | -34 |
| Cash from Financing Activity | -15 | -11 | 8 | 69 | 10 |
| Net Cash Flow | 0 | 1 | 4 | -2 | 0 |
| Free Cash Flow | 16 | 12 | -4 | -58 | -16 |
| CFO/OP | 109 | 84 | 40 | -68 | 89 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 105 | 92 | 130 | 149 | 113 |
| Cash Conversion Cycle | 105 | 92 | 130 | 149 | 113 |
| Working Capital Days | 22 | 33 | 63 | 102 | 64 |
| ROCE % | — | 20 | 21 | 14 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 67.51% | 68.03% | 68.03% | 68.03% | 68.03% |
| FIIs | 4.26% | 2.24% | 1.2% | 1.06% | 1.05% |
| DIIs | 0% | 0% | 0% | 1.24% | 0.81% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 22.75% | 23.72% | 24.24% | 24.71% | 24.57% |
| Others | 5.48% | 6.01% | 6.53% | 4.96% | 5.55% |
| No. of Shareholders | 1737 | 1558 | 1446 | 1316 | 1274 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 61.74 | Sell |
| EMA (10) | 61.19 | Sell |
| SMA (20) | 61.75 | Sell |
| EMA (20) | 60.99 | Sell |
| SMA (50) | 57.65 | Buy |
| EMA (50) | 59.5 | Buy |
| SMA (100) | 59.05 | Buy |
| EMA (100) | 59.71 | Buy |
| SMA (200) | 62.52 | Sell |
| EMA (200) | 62.39 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.93 | Neutral |
| MACD (12,26,9) | 0.65 | Sell |
| Stochastic (14,3,3) | 50.14 | Neutral |
| ADX (14) | 17.36 | Neutral |
| Williams %R (14) | -51.28 | Neutral |
| ATR (14) | 1.75 | Neutral |
| ROC (12) | -4.76 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 47.79 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 January 2026 - Appointed CA Vashishath Raval as Chief Financial Officer effective 09 January 2026. | [Appointment 8 January 2026 - Appointed CA Vashishath Raval as Chief Financial Officer effective 09 January 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_08012026183010_Board_Meeting_Outcome_08-01-26.pdf) |
| 8 January 2026 - Appointed CA Vashishath Raval as CFO effective 09 Jan 2026. | [Outcome of Board Meeting 8 January 2026 - Appointed CA Vashishath Raval as CFO effective 09 Jan 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_08012026182701_Board_Meeting_Outcome_08-01-26.pdf) |
| 5 Jun - Promoters held 92,21,922 shares as of 31 March 2026; no encumbrance created during the year. | [Disclosure under SEBI Takeover Regulations 5 Jun - Promoters held 92,21,922 shares as of 31 March 2026; no encumbrance created during the year.](https://nsearchives.nseindia.com/corporate/team_bbodade_30042026182122_ASHALOG.pdf) |
| 31 Aug - Board fixed 23 Sep 2026 AGM, approved director changes, and related-party transactions up to Rs 2,700 lakh. | [Outcome of Board Meeting 31 Aug - Board fixed 23 Sep 2026 AGM, approved director changes, and related-party transactions up to Rs 2,700 lakh.](https://nsearchives.nseindia.com/corporate/ASHAPURA_31082026142227_ASHAPURA_OUTCOME_OF_BOARD_MEETING.pdf) |
| 31 Aug - Board approved Rajinder Kumar Gupta’s appointment and Chitra Kurup’s 12-month reappointment effective August 31, 2026. | [Change in Management 31 Aug - Board approved Rajinder Kumar Gupta’s appointment and Chitra Kurup’s 12-month reappointment effective August 31, 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_31082026144224_Announcment_Ashapura.pdf) |
| 31 Aug - 03rd post-listing AGM scheduled for September 23, 2026 via VC/OAVM. | [Shareholders meeting 31 Aug - 03rd post-listing AGM scheduled for September 23, 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/ASHAPURA_31082026143004_Announcment_for_Annual_General_meeting_Ashapura.pdf) |
| 29 May - Submitted SDD compliance certificate for year ended March 31, 2026. | [Structural Digital Database 29 May - Submitted SDD compliance certificate for year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_29052026174703_SDD_Certificate.pdf) |
| 25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year/half year ended 31 Mar 2026. | [Trading Window 25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year/half year ended 31 Mar 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_25032026170219_Closure_of_Trading_Window.pdf) |
| 22 May 2026 - Board approved reappointment of statutory, internal and secretarial auditors for FY2026-28. | [Change in Auditors 22 May 2026 - Board approved reappointment of statutory, internal and secretarial auditors for FY2026-28.](https://nsearchives.nseindia.com/corporate/ASHAPURA_22052026155855_Intimation_Appointment_of_Auditor_22-05-26.pdf) |
| 22 May 2026 - Board approved reappointment of statutory, internal and secretarial auditors for FY2026-27, subject to AGM approval. | [Change in Auditors 22 May 2026 - Board approved reappointment of statutory, internal and secretarial auditors for FY2026-27, subject to AGM approval.](https://nsearchives.nseindia.com/corporate/ASHAPURA_22052026161817_Intimation_Appointment_of_Auditor_22-05-26.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31048_ASHALOG_2025_2026_A_1990812_01092026205517.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28595_ASHALOG_2024_2025_A_12410149_05092025171248.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25478_ASHALOG_2023_2024_02092024202244.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 2026-09-13T20:14:31.603Z.