---
title: "Shri Aster Silicates Ltd (SHRIASTER) — Share Price, Financials & Analysis"
symbol: "SHRIASTER"
company: "Shri Aster Silicates Ltd"
canonical: "https://tapetide.com/stocks/SHRIASTER"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T18:56:26.386Z"
---

# Shri Aster Silicates Ltd (SHRIASTER)

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

## Company

- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** astersilicatesltd.com

## About

Shri Aster Silicates Limited,Incorporated in India, listed on the Bombay Stock Exchange Limited, and National Stock Exchange Limited, the company is engaged in Manufacturing of Food Grade Sodium Silicates.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -25.6% over past five years.
- Company has a low return on equity of -27.5% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 42% | — | — |
| revenue growth | -100% | -12% | -26% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.89 | 0.1 | 1.74 | 0.97 | 0.93 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 7.67 | 0.73 | 4.65 | 5.43 | 0.9 | 0.06 | 0.38 | 0.07 | 0.03 | 0.03 | 0.16 | 0.02 |
| Operating Profit | -2.78 | -0.63 | -2.91 | -4.46 | 0.03 | -0.06 | -0.38 | -0.07 | -0.03 | -0.03 | -0.16 | -0.02 |
| OPM % | -56.85 | -630 | -167.24 | -459.79 | 3.23 | — | — | — | — | — | — | — |
| Other Income | -0.51 | -0.51 | -0.48 | 0 | 0.23 | 0 | -2.03 | -0.51 | -0.51 | -0.51 | -0.51 | -0.51 |
| Interest | 4.83 | 4.75 | 4.91 | 1.32 | 9.84 | 0.95 | 13.95 | 10.91 | 0 | 7.07 | 15.48 | 0 |
| Depreciation | 0.57 | 0.57 | 0.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -8.69 | -6.46 | -8.68 | -5.78 | -9.58 | -1.01 | -16.36 | -11.49 | -0.54 | -7.61 | -16.15 | -0.53 |
| Tax % | 0 | 0 | -7.72 | 0 | 0 | 0 | 17.36 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -8.69 | -6.47 | -8.02 | -5.78 | -9.58 | -1.01 | -19.21 | -11.49 | -0.54 | -7.61 | -16.15 | -0.53 |
| EPS in Rs | -3.69 | -2.75 | -3.41 | -2.46 | -4.07 | -0.43 | -8.17 | -4.88 | -0.23 | -3.23 | -6.86 | -0.23 |

### Profit & Loss

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 7 | 15 | 33 | 62 | 92 | 20 | 0 | 18 | 14 | 0 |
| Expenses | 6 | 14 | 27 | 49 | 75 | 18 | 1 | 27 | 24 | 0 |
| Operating Profit | 1 | 1 | 6 | 13 | 16 | 2 | -1 | -9 | -9 | 0 |
| OPM % | 13 | 8 | 17 | 20 | 18 | 11 | — | -48 | -67 | — |
| Other Income | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | -2 | -2 |
| Interest | 0 | 0 | 2 | 2 | 8 | 3 | 0 | 11 | 19 | 23 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 0 | 0 | 1 | 2 | 0 |
| Profit before tax | 0 | 1 | 4 | 9 | 6 | 1 | -1 | -20 | -32 | -25 |
| Tax % | 59 | 31 | 30 | 51 | 53 | 0 | 2 | 23 | -2 | — |
| Net Profit | 0 | 1 | 3 | 4 | 3 | 1 | -1 | -25 | -32 | -25 |
| EPS in Rs | — | — | — | — | 1.98 | 0.4 | -0.77 | -10.5 | -13.5 | -10.55 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 5 | 7 | 10 | 15 | 15 | 15 | 24 | 24 | 24 |
| Reserves | 1 | 2 | 6 | 16 | 66 | 66 | 65 | 41 | 10 | -26 |
| Borrowings | 3 | 8 | 12 | 15 | 16 | 17 | 44 | 70 | 78 | 121 |
| Other Liabilities | 2 | 2 | 5 | 11 | 23 | 11 | 10 | 17 | 25 | 10 |
| Total Liabilities | 8 | 17 | 29 | 52 | 120 | 109 | 133 | 152 | 136 | 128 |
| Fixed Assets | 4 | 11 | 17 | 20 | 60 | 61 | 61 | 57 | 55 | 118 |
| CWIP | 0 | 0 | 0 | 9 | 20 | 43 | 44 | 57 | 63 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 6 | 13 | 22 | 39 | 5 | 29 | 39 | 19 | 11 |
| Total Assets | 8 | 17 | 29 | 52 | 120 | 109 | 133 | 152 | 136 | 128 |

### 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 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 0 | -1 | -1 | 5 | 6 | 21 | -25 | -12 | 13 |
| Cash from Investing Activity | -1 | -2 | -7 | -6 | -10 | -54 | -24 | -1 | -10 | -6 |
| Cash from Financing Activity | 0 | 2 | 8 | 7 | 5 | 53 | -1 | 27 | 26 | -11 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 5 | -5 | 0 | 4 | -4 |
| Free Cash Flow | 0 | -2 | -8 | -7 | -5 | -47 | -5 | -26 | -12 | 7 |
| CFO/OP | 98 | -16 | -93 | -16 | 43 | 35 | 883 | 2404 | 136 | -140 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 38 | 83 | 42 | 75 | 101 | 106 | 17 | — | 93 | 4 |
| Inventory Days | 0 | 97 | 73 | 54 | 23 | 24 | 66 | — | 204 | 122 |
| Days Payable | — | 0 | 0 | 0 | 23 | 58 | 31 | — | 101 | 93 |
| Cash Conversion Cycle | 38 | 180 | 114 | 129 | 102 | 71 | 53 | — | 197 | 33 |
| Working Capital Days | 51 | 107 | 106 | 106 | 79 | 66 | 4 | — | 263 | -133 |
| ROCE % | — | 13 | 13 | 26 | 34 | 21 | 3 | -1 | -7 | -9 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 5 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 77.21 | Sell |
| EMA (10) | 75.73 | Sell |
| SMA (20) | 72.97 | Buy |
| EMA (20) | 73.49 | Buy |
| SMA (50) | 68.2 | Buy |
| EMA (50) | 70.09 | Buy |
| SMA (100) | 68.08 | Buy |
| EMA (100) | 70.25 | Buy |
| SMA (200) | 73.46 | Buy |
| EMA (200) | 78.28 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.52 | Neutral |
| MACD (12,26,9) | 2.98 | Sell |
| Stochastic (14,3,3) | 45.51 | Neutral |
| ADX (14) | 31.35 | Buy |
| Williams %R (14) | -65.04 | Neutral |
| ATR (14) | 3.62 | High Volatility |
| ROC (12) | -3.9 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 56.66 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| — | [Fixes Book Closure for AGM 20 Sep 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0CC9D993_057A_4E3F_93F7_9CA4B8694FD9_112207.pdf) |
| — | [Fixes Book Closure for AGM 20 Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/0CC9D993_057A_4E3F_93F7_9CA4B8694FD9_112207.pdf) |
| — | [AGM On 28.09.2017 19 Sep 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=035f6f04-19b9-46a1-a564-01cca8ce730d.pdf) |
| — | [Book Closure From 21.09.2017 To 28.09.2017 For Annual General Meeting 19 Sep 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ec47862-f721-4226-a9f9-fd3b4207c9c1.pdf) |
| — | [AGM On 28.09.2017 19 Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/035f6f04-19b9-46a1-a564-01cca8ce730d.pdf) |
| — | [Book Closure From 21.09.2017 To 28.09.2017 For Annual General Meeting 19 Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/9ec47862-f721-4226-a9f9-fd3b4207c9c1.pdf) |
| — | [Un-Audited Financial Result For Quarter Ended 30.06.2017 18 Aug 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d94554a-634c-4dee-9aa6-2d34246716ff.pdf) |
| — | [Un-Audited Financial Result For Quarter Ended 30.06.2017 18 Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/8d94554a-634c-4dee-9aa6-2d34246716ff.pdf) |
| — | [Outcome of Board Meeting 16 Aug 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4efa2959-84b5-4462-a323-f0f7857b27d5.pdf) |
| — | [Outcome of Board Meeting 16 Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/4efa2959-84b5-4462-a323-f0f7857b27d5.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_2942_ASTERSILI_2012_2013_21112013142313.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_ASTERSILI_2011_2012_31012013084040.zip) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/533219/5332190315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/533219/5332190314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/533219/5332190313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/533219/5332190312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/533219/5332190311.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 2026-09-13T18:56:26.386Z.