---
title: "Asian Electronics Ltd (ASIANELEC) — Share Price, Financials & Analysis"
symbol: "ASIANELEC"
company: "Asian Electronics Ltd"
canonical: "https://tapetide.com/stocks/ASIANELEC"
generated_at: "2026-10-13T10:59:12.703Z"
---

# Asian Electronics Ltd (ASIANELEC)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** aelgroup.com

## About

Asian Electronics Limited, incorporated in India, Listed on the Bombay Stock  exchange Limited, and National Stock Exchange Limited, the company is engaged in Lighting Products / Systems.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.27 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.0% over past five years.
- Company has a low return on equity of -63.0% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 2,318 days.
- Working capital days have increased from 792 days to 1,493 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -75% | — | — |
| revenue growth | -80% | -57% | -39% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2012 | Sep 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.88 | 4.75 | 2.94 | 1.61 | 2.8 | 1.95 | 0.81 | 0.5 | 0.3 | 0.13 | 0.48 |
| Expenses | 10.7 | 6.57 | 6.72 | 5.42 | 4.75 | 4.11 | 2.77 | 5.48 | 5.54 | 5.03 | 5.24 |
| Operating Profit | -4.82 | -1.82 | -3.78 | -3.81 | -1.95 | -2.16 | -1.96 | -4.98 | -5.24 | -4.9 | -4.76 |
| OPM % | -81.97 | -38.32 | -128.57 | -236.65 | -69.64 | -110.77 | -241.98 | -996 | -1746.67 | -3769.23 | -991.67 |
| Other Income | 0 | -0.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.11 | 0.08 | 0.05 | 0.19 | 0.19 | 0 | 0.02 | 0.01 | 0.03 | 0 | 0 |
| Depreciation | 0.97 | 0.97 | -0.31 | 0.65 | 0.64 | 0.55 | 0.61 | 0.59 | 0.6 | 0.6 | 0.6 |
| Profit before tax | -5.9 | -3.15 | -3.52 | -4.65 | -2.78 | -2.71 | -2.59 | -5.58 | -5.87 | -5.5 | -5.36 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -5.9 | -3.15 | -3.52 | -4.65 | -2.78 | -2.71 | -2.59 | -5.58 | -5.87 | -5.5 | -5.36 |
| EPS in Rs | -1.66 | -0.89 | -0.89 | -1.17 | -0.7 | -0.68 | -0.65 | -1.41 | -1.48 | -1.39 | -1.35 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 155 | 366 | 215 | 211 | 224 | 148 | 79 | 18 | 1 |
| Expenses | 122 | 276 | 177 | 196 | 190 | 190 | 181 | 31 | 21 |
| Operating Profit | 33 | 90 | 38 | 15 | 34 | -43 | -102 | -13 | -20 |
| OPM % | 21 | 25 | 18 | 7 | 15 | -29 | -130 | -69 | -1410 |
| Other Income | 7 | 13 | -158 | 26 | 2 | -7 | 3 | 1 | 0 |
| Interest | 9 | 17 | 23 | 32 | 32 | 25 | 20 | 0 | 0 |
| Depreciation | 8 | 9 | 10 | 5 | 4 | 4 | 4 | 3 | 2 |
| Profit before tax | 23 | 77 | -153 | 5 | 1 | -79 | -124 | -14 | -22 |
| Tax % | -12 | 14 | 1 | 6 | 0 | 0 | 0 | 0 | — |
| Net Profit | 25 | 67 | -154 | 5 | 1 | -79 | -124 | -14 | -22 |
| EPS in Rs | — | 23.97 | -51.54 | 1.68 | 0.26 | -22.36 | -34.86 | -3.64 | -5.63 |
| Dividend Payout % | 9 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9 | 14 | 15 | 15 | 15 | 17 | 17 | 17 |
| Reserves | 128 | 338 | 198 | 203 | 216 | 146 | 22 | 9 |
| Borrowings | 159 | 165 | 208 | 239 | 134 | 195 | 197 | 197 |
| Other Liabilities | 48 | 90 | 163 | 209 | 210 | 144 | 189 | 192 |
| Total Liabilities | 344 | 606 | 584 | 665 | 574 | 502 | 426 | 415 |
| Fixed Assets | 43 | 49 | 55 | 42 | 38 | 33 | 31 | 28 |
| CWIP | 10 | 33 | 3 | 11 | 11 | 8 | 7 | 6 |
| Investments | 2 | 4 | 51 | 48 | 111 | 111 | 111 | 111 |
| Other Assets | 288 | 520 | 474 | 564 | 414 | 350 | 278 | 271 |
| Total Assets | 344 | 606 | 584 | 665 | 574 | 502 | 426 | 415 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -30 | -139 | 48 | -25 | 195 | -17 | 15 | -2 |
| Cash from Investing Activity | -18 | -12 | -27 | 20 | -60 | 0 | 0 | 1 |
| Cash from Financing Activity | 77 | 144 | -14 | 0 | -131 | 13 | -18 | 0 |
| Net Cash Flow | 28 | -7 | 8 | -6 | 4 | -4 | -2 | -1 |
| Free Cash Flow | -43 | -177 | 37 | -18 | 195 | -17 | 14 | -2 |
| CFO/OP | -83 | -149 | 154 | -157 | 567 | 45 | -8 | 16 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 225 | 339 | 393 | 558 | 296 | 326 | 530 | 2318 |
| Inventory Days | 333 | 222 | 650 | 388 | 356 | 321 | 187 | 1698 |
| Days Payable | 158 | 133 | 285 | 345 | 316 | 91 | 128 | 1193 |
| Cash Conversion Cycle | 400 | 429 | 759 | 600 | 336 | 556 | 589 | 2824 |
| Working Capital Days | 504 | 432 | 509 | 603 | 316 | 495 | 389 | 1493 |
| ROCE % | — | 23 | 10 | 7 | 9 | -13 | -35 | -6 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 25.31% | 25.31% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 74.64% | 74.64% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% |
| No. of Shareholders | 18964 | 18922 | 18850 | 18849 | 18856 | 19482 | 19537 | 20552 | 20869 | 20668 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 74.59% | 74.58% | 74.58% | 74.59% | 74.59% | 74.59% | 74.58% | 74.58% | 74.59% | 74.58% | 74.59% | 74.59% |
| No. of Shareholders | 19537 | 19532 | 19725 | 19948 | 20552 | 20728 | 20729 | 20834 | 20869 | 20824 | 20733 | 20668 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-12 | [Board Meeting Outcome for Outcome Of 6Th Board Meeting For F.Y 2025-26 Held On Thursday, February 12, 2026, At Registered Office Of The Company](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9d8ad09-8bf2-4079-9321-6025ca79647b.pdf) |
| 2026-02-12 | [Unaudited Financial Results For The Quarter Ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f194b63-0dc2-4548-b954-84ad9374aab6.pdf) |
| 2026-02-05 | [Board Meeting Intimation for Un Audited Financial Results For The Quarter Ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c0910fc-ae44-48c4-bc97-b137e7ad2fa7.pdf) |
| 2026-01-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84e22841-6141-4ec5-8703-86fe89dffc26.pdf) |
| 2025-12-27 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8c93926-5758-4494-a396-9142199b1697.pdf) |
| 2015-11-20 | [Financial Results for Sept 30 & Dec 31, 2014 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3A9260EA_6D4D_4497_85D5_3FAF9FEC6CF7_162128.pdf) |
| 2015-11-20 | [Financial Results for March 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56D6B7EB_56FE_4B33_8A3C_B62BFDEC1A11_162147.pdf) |
| 2015-11-20 | [Financial Results for Sept 30 & Dec 31, 2014 (Standalone)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/11/3A9260EA_6D4D_4497_85D5_3FAF9FEC6CF7_162128.pdf) |
| 2015-11-20 | [Financial Results for March 30, 2015 (Standalone)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/11/56D6B7EB_56FE_4B33_8A3C_B62BFDEC1A11_162147.pdf) |
| 2015-10-07 | [Shareholding Pattern For March 31, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36C0FFDB_22B5_4CAF_8A57_19CCBB8A6971_085846.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/263ac395-e345-4cfb-9289-75ff6bc72b07.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdbfd122-416a-41be-8326-d088e11f0826.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a202894-ea15-4f05-b95f-57c10407ee45.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/526187/75713526187.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/526187/70255526187.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/526187/65852526187.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/526187/5261870319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/526187/5261870318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/526187/5261870317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/526187/5261870316.pdf) |

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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 2026-10-13T10:59:12.703Z.