As of 6 Nov 2026, Ashirwad Capital trades at 17.9× trailing earnings, below the industry P/E of 18.4×, and the shares are 28% below their 52-week high. Its ROCE of 7.7% is the lowest among the 7 largest Capital Markets peers, and sales and net profit grew 21% and 11% a year over 3 years. Debt is 0.16× equity. It is a small-cap company with a market cap of ₹23 Cr, ranked 149th of 219 Capital Markets companies by market cap; the shares fell 19% over the past year.
- ₹2.50
- ₹2.54
- ₹2.42
- ₹2.50
- 21.8K
Health check
- ReturnsBehind
−18.6% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 17.9 vs industry 18.4.
- GrowthSteady
Sales +20.9%, profit +11.1% a year over 3 years.
- ProfitabilityWeak
ROCE 7.7% vs peer median 22.1%.
- Balance sheetSolid
Debt 0.16× equity, interest covered 5.1×, Piotroski 6 of 9.
- Red flags1 to check
Return on equity is low at 5.4%.
Small cap
Defensive
Key metrics
- Market cap
- ₹23 Cr
- Small cap
- P/E
- 17.9
- Industry 18.4
- Price to book
- 1.15
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 5.4%
- Peers 18.9%
- ROCE
- 7.7%
- Peers 22.1%
- Debt to equity
- 0.16
- Debt ₹2.97 Cr
- EPS (TTM)
- ₹0.14
- OPM (TTM)
- 86.8%
- Net margin 61.3%
- Sales growth
- +1722.3%
- Latest quarter vs a year ago
- Profit growth
- +1182.2%
- Latest quarter vs a year ago
- Price to sales
- 10.60
- EV/EBITDA 14.4
Strengths and risks
Strengths
- Quarterly profit up 1182.2% on a year ago.
- Quarterly sales up 1722.3% on a year ago.
- Net margin of 61.3%.
Risks to check
- Return on equity is low at 5.4%.
About Ashirwad Capital
Ashirwad Capital Limited, a non-banking finance company, engages in the investment and lending activities in India. The company also manufactures carvings of precious and semi-precious stones, paintings, and jewellery, as well as receiving compensation against property. Ashirwad Capital Limited was incorporated in 1985 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 1
- Sector
- Financial Services
- ISIN
- INE894A01026
- Website
- ashirwadcapital.co.in
Price range
- Avg volume (3M)
- 40.9K
- 1-year return
- minus 18.6%
- From 52-week high
- minus 28.2%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| ASHCAPAshirwad Capital | 2.50 | 0.00% | 23 | 17.9 | 1.15 | 7.7% | 5.4% | 86.8% | 20.9% | 11.1% | 0.00% | minus 18.6% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0 | 1.1 | 0.1 | 0.2 | 0.4 | |
| 0 | 0.1 | 0 | 0 | 0.1 | |
| −0 | 1 | 0.1 | 0.2 | 0.4 | |
| −23.6% | 88.6% | 71.4% | 84.2% | 86.7% | |
| 0 | 0.1 | 0 | 0 | 0 | |
| – | 0.1 | – | 0.1 | 0.1 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 1 | 0.1 | 0.1 | 0.3 | |
| 20.2% | 15.6% | 13.9% | −39.9% | 17.0% | |
| 0 | 0.8 | 0.1 | 0.1 | 0.3 | |
| – | 0.09 | 0.01 | 0.01 | 0.03 |
Profit & loss
- Sales CAGR 3Y
- +20.9%
- Profit CAGR 3Y
- +11.1%
- EPS CAGR 3Y
- +11.5%
- ROE
- 5.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1 | 1.6 | 1.2 | 1.7 | |
| – | +70.7% | minus 25.0% | +38.2% | |
| 0.1 | −0.1 | 0.1 | 0.2 | |
| 0.9 | 1.7 | 1.1 | 1.5 | |
| 89.0% | 106.5% | 88.6% | 88.8% | |
| 0 | −0 | 0 | 0 | |
| – | – | 0.1 | 0.3 | |
| 0 | 0 | 0 | 0 | |
| – | – | −0 | −0 | |
| 0.8 | 1.7 | 1 | 1.2 | |
| 10.7% | 10.6% | 13.3% | 12.6% | |
| 0.8 | 1.5 | 0.9 | 1 | |
| – | +104.0% | minus 45.1% | +22.4% | |
| 0.09 | 0.17 | 0.09 | 0.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 6 | 9 | 9 | |
| 9.3 | 12.9 | 10.4 | 10.1 | |
| – | – | 2.8 | 3 | |
| 0.2 | 0.3 | 0.2 | 0.3 | |
| 13.4 | 19.2 | 22.4 | 22.3 | |
| 0.2 | 0.1 | 0.2 | 0.1 | |
| 11.7 | 16.3 | 21.9 | 22 | |
| 0 | 0 | – | 0 | |
| 1.5 | 2.8 | 0.4 | 0.1 | |
| 13.4 | 19.2 | 22.4 | 22.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.7 | −1.3 | 2.2 | 0.1 | |
| 0.9 | 1.3 | −4.9 | 0.1 | |
| – | – | 2.7 | −0.1 | |
| −0.8 | −0 | −0 | 0 | |
| – | – | −0 | – | |
| −1.7 | −1.3 | 2.1 | 0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.