ASL Industries
ASLIND NSE
ASL Industries
Consumer DiscretionaryNSE: ASLIND
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
3- Stock is trading at 2.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.00% over last 3 years.
Growth Rate
Revenue Growth
-100%
Net Income Growth
667% higher than
3Y
Quarterly Results
| Particulars | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.89 | 4.53 | 7.24 | 3.22 | 0.95 | 7.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 9.98 | 4.32 | 8.63 | 3.47 | 1.12 | 7.67 | 0.21 | 0.22 | 0.1 | 0.49 | 0.21 | 0.05 | 0.08 |
| Operating Profit | -1.09 | 0.21 | -1.39 | -0.25 | -0.17 | -0.42 | -0.21 | -0.22 | -0.1 | -0.49 | -0.21 | -0.05 | -0.08 |
| OPM % | -12.26% | 4.64% | -19.2% | -7.76% | -17.89% | -5.79% | — | — | — | — | — | — | — |
| Other Income | 5.43 | -0.22 | 0.55 | 2.29 | 0.92 | 1.63 | 1.21 | 1.4 | 0.74 | 0.33 | 0.36 | 0 | 0.34 |
| Interest | 1.09 | 0.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.18 | 0.16 | 0.13 | 0.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 3.07 | -0.62 | -0.97 | 1.95 | 0.75 | 1.21 | 1 | 1.18 | 0.64 | -0.16 | 0.15 | -0.05 | 0.26 |
| Tax % | -6.84% | 82.26% | -27.84% | 44.1% | 32% | 15.7% | 25% | 25.42% | 25% | -25% | 26.67% | -60% | 0% |
| Net Profit | 3.27 | -1.13 | -0.7 | 1.09 | 0.51 | 1.01 | 0.75 | 0.88 | 0.48 | -0.12 | 0.11 | -0.03 | 0.26 |
| EPS in Rs | 3.14 | -1.08 | -0.67 | 1.05 | 0.49 | 0.97 | 0.72 | 0.84 | 0.46 | -0.12 | 0.11 | -0.03 | 0.25 |
Profit & Loss
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31.25 | 44.74 | 55.66 | 56.45 | 70.76 | 67.27 | 13.42 | 10.46 | 8.15 | -0.02 | -0.19 | 0 | 0 |
| Expenses | 29.85 | 41.35 | 50.06 | 48.54 | 67.85 | 65.38 | 14.29 | 12.1 | 8.74 | 0.41 | 0.57 | 0.27 | 0.13 |
| Operating Profit | 1.4 | 3.39 | 5.6 | 7.91 | 2.91 | 1.89 | -0.87 | -1.64 | -0.59 | -0.43 | -0.76 | -0.27 | -0.13 |
| OPM % | 4.48% | 7.58% | 10.06% | 14.01% | 4.11% | 2.81% | -6.48% | -15.68% | -7.24% | — | — | — | — |
| Other Income | 0.14 | 0.24 | 0.29 | 0.21 | 0.46 | 0.16 | 5.21 | 2.84 | 2.55 | 2.61 | 1.25 | 0.36 | 0.34 |
| Interest | 1.48 | 1.79 | 2.37 | 3.73 | 3.16 | 2.96 | 1.55 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1.17 | 1.75 | 2.92 | 3.4 | 3.43 | 3.83 | 0.35 | 0.22 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| PBT | -1.11 | 0.09 | 0.6 | 0.99 | -3.22 | -4.74 | 2.44 | 0.98 | 1.95 | 2.17 | 0.48 | 0.09 | 0.21 |
| Tax % | -27.93% | 111.11% | 20% | 49.49% | -31.06% | -28.27% | 11.89% | 60.2% | 22.56% | 25.35% | 25% | 11.11% | — |
| Net Profit | -0.79 | 0 | 0.48 | 0.49 | -2.22 | -3.4 | 2.15 | 0.39 | 1.51 | 1.63 | 0.36 | 0.09 | 0.23 |
| EPS in Rs | -19.58 | 0 | 6.3 | 0.64 | -2.13 | -3.26 | 2.06 | 0.37 | 1.45 | 1.56 | 0.35 | 0.09 | 0.22 |
| Div. Payout % | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.04 | 7.62 | 7.62 | 7.62 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 |
| Reserves | 9.11 | 17.58 | 17.98 | 18.48 | 23.26 | 19.75 | 21.23 | 21.16 | 22.67 | 24.31 | 24.61 | 24.62 | 24.88 |
| Borrowings | 12.04 | 21.36 | 31.04 | 33.09 | 28.42 | 26.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 5.11 | 9.67 | 10.05 | 12.1 | 13.45 | 7.11 | 4.55 | 0.44 | 0.06 | 0.37 | -0.04 | 0.1 | 0.1 |
| Total Liabilities | 30.3 | 56.23 | 66.69 | 71.29 | 75.55 | 63.3 | 36.2 | 32.02 | 33.15 | 35.1 | 34.99 | 35.14 | 35.4 |
| Fixed Assets | 17.52 | 32.98 | 37.87 | 37.59 | 37.93 | 40.49 | 2.73 | 0.03 | 0.03 | 0.02 | 0.02 | 0 | 0 |
| CWIP | 0.15 | 1.66 | 2.1 | 5.4 | 5.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0 | 0 |
| Other Assets | 12.59 | 21.55 | 26.68 | 28.26 | 31.91 | 22.77 | 33.43 | 31.95 | 33.08 | 35.04 | 34.93 | 35.14 | 35.4 |
| Total Assets | 30.3 | 56.23 | 66.69 | 71.29 | 75.55 | 63.3 | 36.2 | 32.02 | 33.15 | 35.1 | 34.99 | 35.14 | 35.4 |
Cash Flow
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 4.16 | -4.26 | 0.26 | 13.15 | -2.42 | 4.62 | -17.24 | -4.25 | -0.69 | 0.36 | -0.3 | -0.02 |
| Investing | -0.45 | -18.84 | -5.49 | -6.44 | -3.76 | -0.85 | 42.89 | 4.13 | 0.02 | 0 | 0 | 0.06 |
| Financing | -6.1 | 23.54 | 5.88 | -7.24 | 5.98 | -4.23 | -24.96 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -2.39 | 0.44 | 0.65 | -0.54 | -0.2 | -0.46 | 0.68 | -0.12 | -0.67 | 0.36 | -0.3 | 0.04 |
| Free Cash Flow | 3.57 | -22.93 | -8.17 | 6.65 | -6.31 | 3.82 | 24.5 | -0.96 | -0.69 | 0.36 | -0.3 | 0 |
| CFO/OP | 298 | -126 | 5 | 168 | -77 | 244 | 1,982 | 240 | 117 | -84 | 32 | -19 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11.68 | 31.74 | 35.15 | 36.14 | 39.41 | 26.53 | 97.64 | 131 | 4.03 | -548 | -38.42 | — |
| Inventory Days | 136 | 132 | 178 | 213 | 172 | 116 | 282 | 0 | 0 | 0 | 0 | — |
| Days Payable | 46.5 | 24.5 | 76.33 | 107 | 90.32 | 43.38 | 12.2 | — | — | — | — | — |
| Cash Conversion Cycle | 101 | 139 | 137 | 142 | 121 | 99.29 | 367 | 131 | 4.03 | -548 | -38.42 | — |
| Working Capital Days | 72.53 | -27.33 | -5.77 | -32.46 | -2.48 | -23.39 | 715 | 1,062 | 1,466 | 6,21,778 | 66,757 | — |
| ROCE % | 1.4% | 5.24% | 6.01% | 8.2% | -0.35% | -2.89% | -0.75% | -0.09% | 6.03% | 6.4% | 1.38% | 0.26% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view ASL Industries insights
29 extracted metrics + investor summaries across FY14–FY25.
Documents
1
Name and Symbol Change
20 April 2026 - ASL Industries becomes AVATAR Industries; symbol changes to AVATAR from April 24, 2026. 20 April 2026 - ASL Industries becomes AVATAR Industries; symbol changes to AVATAR from April 24, 2026.
2
General Updates
18 April 2026 - Submitted CA certificate under Regulation 45(1) for name change approval. 18 April 2026 - Submitted CA certificate under Regulation 45(1) for name change approval.
3
Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 13 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
4
Name Change
6 April 2026 - MCA approved name change from ASL Industries Limited to Avatar Industries Limited, effective 6 April 2026. 6 April 2026 - MCA approved name change from ASL Industries Limited to Avatar Industries Limited, effective 6 April 2026.
5
Trading Window
25 March 2026 - Trading window closed from 01-Apr-2026 until 48 hours after audited FY2026 results (year ending 31-Mar-2026). 25 March 2026 - Trading window closed from 01-Apr-2026 until 48 hours after audited FY2026 results (year ending 31-Mar-2026).
Frequently Asked Questions about ASL Industries
What does ASL Industries Ltd do?
Incorporated in 1992, ASL Industries Ltd manufactures and trades Automobiles parts, Parts of Railway or tramway and other related services including Jobwork[1]
Where is ASL Industries Ltd (ASLIND) listed?
ASL Industries Ltd trades as ASLIND on the NSE.
Which sector does ASL Industries Ltd belong to?
ASL Industries Ltd is classified under the Consumer Discretionary sector.
Company Information
Incorporated in 1992, ASL Industries Ltd manufactures and trades Automobiles parts, Parts of Railway or tramway and other related services including Jobwork[1]
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