---
title: "Aspinwall & Company Ltd (ASPINWALL) — Share Price, Financials & Analysis"
symbol: "ASPINWALL"
company: "Aspinwall & Company Ltd"
canonical: "https://tapetide.com/stocks/ASPINWALL"
isin: "INE991I01015"
nse_symbol: "ASPINWALL"
sector: "Logistics & Cargo"
industry: "Logistics Solution Provider"
market_cap_cr: 193.58
generated_at: "2026-09-13T19:58:11.177Z"
---

# Aspinwall & Company Ltd (ASPINWALL)

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

## Company

- **NSE Symbol:** ASPINWALL
- **ISIN:** INE991I01015
- **Sector:** Logistics & Cargo
- **Industry:** Logistics Solution Provider
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2016-06-14
- **CEO:** Mr. Rama Varma B.Sc.
- **Employees:** 711
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aspinwall.in

## About

Incorporated in 1920, Aspinwall & Company Ltd is in diversified business activities including coffee processing and trading, logistics services[1]

## Latest Price

- **Price:** ₹260.5
- **Change:** +10.35 (+4.14%)
- **Open:** ₹250.15
- **Day High:** ₹265.9
- **Day Low:** ₹239.2
- **Previous Close:** ₹250.15
- **Volume:** 4219
- **As Of:** 2026-09-11T09:59:00+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:47.456941Z.

- **Market Cap:** ₹193.58 Cr
- **Classification:** Microcap
- **P/E (reported):** 12.4
- **P/E (TTM):** 12.95
- **EPS (TTM):** ₹20.12
- **EPS (reported):** ₹16.41
- **Book Value:** ₹256.96
- **Price to Book:** 0.97
- **Dividend Yield:** 2.6%
- **ROE:** 6.55%
- **ROCE:** 10.58%
- **Debt to Equity:** 0.39
- **Revenue (yearly):** ₹422.1 Cr
- **Net Income:** ₹13.2 Cr
- **EBITDA:** ₹22.9 Cr
- **52-Week High:** ₹299.8
- **52-Week Low:** ₹200.25
- **RSI (14):** 47.58

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 46.82 | 9% |
| growth | 67 | 9% |
| momentum | 87.62 | 12% |
| ownership | 50 | 24% |
| quality | 43.69 | 22% |
| valuation | 58.73 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 1.01 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 39.2%

### Weaknesses

- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 5.85% over last 3 years.
- Earnings include an other income of Rs.10.6 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 38.12% | -590.34% | -233.46% |
| ebitda margin growth | -76.11% | -26.36% | -9.06% | -34.86% |
| net income growth | -111.67% | -8.97% | -21% | 4% |
| revenue growth | -13.36% | 23.31% | 12% | 11% |
| roce | -87.78% | 4.44% | 54.23% | 12.2% |
| roe | -111.65% | -13.13% | 6.64% | -33.97% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 59.26 | 86.09 | 77.89 | 82.98 | 74 | 89.77 | 89.21 | 90 | 83.19 | 113.66 | 130.3 | 113.18 |
| Expenses | 56.6 | 82.88 | 75.41 | 78.72 | 69.33 | 83.55 | 85.49 | 91.78 | 83.1 | 103.49 | 121.17 | 112.09 |
| Operating Profit | 2.66 | 3.21 | 2.48 | 4.26 | 4.67 | 6.22 | 3.72 | -1.78 | 0.09 | 10.17 | 9.13 | 1.09 |
| OPM % | 4.49 | 3.73 | 3.18 | 5.13 | 6.31 | 6.93 | 4.17 | -1.98 | 0.11 | 8.95 | 7.01 | 0.96 |
| Other Income | 0.74 | 1.28 | 3.93 | 2.18 | 1.2 | 1.45 | 1.5 | 1.09 | 6.5 | 0.33 | 2.16 | 1.61 |
| Interest | 1.24 | 1.05 | 0.36 | 0.63 | 0.77 | 0.76 | 1.91 | 1.96 | 1.94 | 1.83 | 1.11 | 1.74 |
| Depreciation | 1.19 | 1.28 | 1.56 | 1.23 | 1.27 | 1.27 | 1.26 | 1.32 | 1.38 | 1.48 | 1.47 | 1.5 |
| Profit before tax | 0.97 | 2.16 | 4.49 | 4.58 | 3.83 | 5.64 | 2.05 | -3.97 | 3.27 | 7.19 | 8.71 | -0.54 |
| Tax % | 8.25 | -21.76 | -25.61 | 19.87 | 1.31 | 14.54 | -10.24 | -17.63 | 14.37 | -5.98 | 31 | 29.63 |
| Net Profit | 0.89 | 2.63 | 5.64 | 3.67 | 3.78 | 4.82 | 2.26 | -3.27 | 2.8 | 7.62 | 6.01 | -0.7 |
| EPS in Rs | 1.14 | 3.36 | 7.21 | 4.69 | 4.83 | 6.17 | 2.89 | -4.18 | 3.58 | 9.75 | 7.69 | -0.9 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 283 | 276 | 256 | 253 | 260 | 295 | 296 | 336 | 417 | 440 |
| Expenses | 255 | 265 | 255 | 241 | 241 | 273 | 286 | 317 | 399 | 420 |
| Operating Profit | 27 | 11 | 1 | 12 | 19 | 21 | 10 | 19 | 18 | 20 |
| OPM % | 10 | 4 | 0.4 | 4.6 | 7 | 7 | 3.3 | 6 | 4.4 | 4.7 |
| Other Income | 1 | 8 | 7 | 5 | 7 | 21 | 9 | 6 | 10 | 11 |
| Interest | 5 | 7 | 5 | 4 | 3 | 2 | 4 | 4 | 7 | 7 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 6 |
| Profit before tax | 21 | 9 | -1 | 9 | 19 | 36 | 10 | 16 | 15 | 19 |
| Tax % | 37 | 16 | -30 | 31 | 18 | 20 | -12 | 10 | 13 | — |
| Net Profit | 13 | 7 | 0 | 6 | 15 | 29 | 11 | 15 | 13 | 16 |
| EPS in Rs | 16.51 | 9.29 | -0.54 | 8.22 | 19.53 | 36.52 | 13.66 | 18.58 | 16.83 | 20.12 |
| Dividend Payout % | 21 | 32 | -465 | 43 | 31 | 16 | 44 | 35 | 39 | — |

### 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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 119 | 129 | 132 | 127 | 134 | 146 | 169 | 175 | 185 | 193 |
| Borrowings | 26 | 69 | 67 | 46 | 34 | 24 | 17 | 23 | 69 | 79 |
| Other Liabilities | 59 | 57 | 49 | 55 | 58 | 62 | 52 | 44 | 50 | 53 |
| Total Liabilities | 211 | 263 | 256 | 237 | 233 | 240 | 246 | 251 | 312 | 333 |
| Fixed Assets | 52 | 53 | 75 | 75 | 72 | 82 | 81 | 87 | 84 | 89 |
| CWIP | 12 | 18 | 0 | 0 | 2 | 1 | 1 | 1 | 3 | 2 |
| Investments | 3 | 3 | 3 | 1 | 1 | 2 | 2 | 1 | 1 | 1 |
| Other Assets | 144 | 189 | 178 | 161 | 158 | 155 | 161 | 162 | 224 | 241 |
| Total Assets | 211 | 263 | 256 | 237 | 233 | 240 | 246 | 251 | 312 | 333 |

### 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 | 24 | -30 | 17 | 31 | 20 | 16 | 35 | 4 | -35 | -22 |
| Cash from Investing Activity | -7 | -6 | -3 | 0 | -1 | 3 | 9 | -7 | -23 | 20 |
| Cash from Financing Activity | -18 | 35 | -13 | -31 | -18 | -17 | -13 | -1 | 37 | -3 |
| Net Cash Flow | -1 | -1 | 1 | 1 | 1 | 2 | 31 | -4 | -21 | -5 |
| Free Cash Flow | 16 | -37 | 13 | 30 | 15 | 15 | 42 | -5 | -39 | -20 |
| CFO/OP | 136 | -84 | 194 | 3245 | 187 | 107 | 179 | 46 | -180 | -118 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 40 | 44 | 44 | 59 | 57 | 39 | 29 | 32 | 37 | 44 |
| Inventory Days | 264 | 415 | 291 | 240 | 293 | 393 | 280 | 206 | 307 | 272 |
| Days Payable | 20 | 35 | 26 | 49 | 66 | 68 | 49 | 28 | 33 | 30 |
| Cash Conversion Cycle | 283 | 424 | 310 | 250 | 284 | 364 | 260 | 210 | 312 | 287 |
| Working Capital Days | 89 | 76 | 69 | 58 | 72 | 84 | 60 | 68 | 70 | 81 |
| ROCE % | 16 | 16 | 8 | 2 | 8 | 10 | 12 | 7 | 9 | 6 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 26.7% | 26.87% | 26.97% | 27.05% | 27.05% | 26.88% | 27.24% | 27.23% | 27.2% | 27.25% | 27.34% | 27.32% |
| Others | 8.84% | 8.67% | 8.57% | 8.49% | 8.49% | 8.66% | 8.3% | 8.31% | 8.34% | 8.29% | 8.2% | 8.22% |
| No. of Shareholders | 4545 | 4615 | 4971 | 4819 | 5192 | 5011 | 4823 | 4742 | 4691 | 4611 | 4676 | 4526 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 257.7 | Buy |
| EMA (10) | 256.07 | Buy |
| SMA (20) | 254.04 | Buy |
| EMA (20) | 254.06 | Buy |
| SMA (50) | 249.03 | Buy |
| EMA (50) | 249.53 | Buy |
| SMA (100) | 244.39 | Buy |
| EMA (100) | 244.77 | Buy |
| SMA (200) | 233.78 | Buy |
| EMA (200) | 244 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.2 | Neutral |
| MACD (12,26,9) | 2.87 | Sell |
| Stochastic (14,3,3) | 43.93 | Neutral |
| ADX (14) | 18.02 | Neutral |
| Williams %R (14) | -28.67 | Neutral |
| ATR (14) | 10.59 | High Volatility |
| ROC (12) | 0.52 | Buy |
| Stoch RSI (14) | 59.7 | Neutral |
| UO (7,14,28) | 54.59 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ASPINWALL_10082026102159_NewsAd_June_2026_-Signed.pdf) |
| 2026-07-25 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/ASPINWALL_25072026171811_AGM_2026_Voting_Results.pdf) |
| 2026-07-23 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/ASPINWALL_23072026120815_AGM-2026.pdf) |
| 2026-07-07 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ASPINWALL_07072026125832_Certificate_under_74_5__June_2026.pdf) |
| 2026-07-01 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ASPINWALL_01072026101925_NSE_-_AGM_2026_Adv.pdf) |
| 2026-06-30 | [Record Date](https://nsearchives.nseindia.com/corporate/ASPINWALL_30062026111422_Record_date_intimation_2026.pdf) |
| 2026-06-29 | [Trading Window](https://nsearchives.nseindia.com/corporate/ASPINWALL_29062026154403_Trading_Window_Closure_June_2026.pdf) |
| 2026-06-19 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_bbodade_11052026185600_ASPINWALL1.pdf) |
| 2026-06-15 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_sandeshc_24042026112422_SAST.pdf) |
| 2026-04-17 | [Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company](https://nsearchives.nseindia.com/corporate/ASPINWALL_17042026114315_NSE_-_SC.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-05 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ASPINWALL_05082026165744_BM_Results_June_2026.pdf) |
| 2026-05-27 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ASPINWALL_27052026164811_Outcome_of_BM_may_2026.pdf) |
| 2026-02-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ASPINWALL_06022026172417_BM_Outcome_Dec_2025.pdf) |
| 2025-11-03 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ASPINWALL_03112025174026_BM_outcome_Sept_2025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_29495_ASPINWALL_2025_2026_A_3765934_30062026171923.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_26791_ASPINWALL_2024_2025_A_08072025155928.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24266_ASPINWALL_2023_2024_02072024165932.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22185_ASPINWALL_2022_2023_04072023233326_07052023070002.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20384_ASPINWALL_2021_2022_15072022164832_07152022170003.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18666_ASPINWALL_2020_2021_09082021102842_09082021110001.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16604_ASPINWALL_2019_2020_30072020210532_30072020220002.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_14925_ASPINWALL_2018_2019_17072019123448_17072019130003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_12855_ASPINWALL_2017_2018_07082018092545.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_10960_ASPINWALL_2016_2017_04082017125003.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6e85ef8-7dd2-4d1e-9dfc-2c566bd651c1.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2dfc113-d766-4e41-8bc2-111dc2223b3b.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00a20fc0-968a-479d-9c6b-24caa7538704.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88da473b-a3a9-40d1-bb16-914601d6153d.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03313b3e-1897-4da1-9b07-a79885b0bb64.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed7e1f47-52d6-4493-b67e-f8e3c527db74.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3f1ff51-70d9-4ee3-b4e2-c40f37cc9e71.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/923f7f78-9c1a-4ed2-99a9-41debde3210a.pdf) |
| Feb 2021 | [Concall - Feb 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88b5c926-d3b1-4206-896d-813cf430711a.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d72dfd8d-3b19-469e-aba4-42fd713e5521.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 2026-09-13T19:58:11.177Z.