As of 6 Nov 2026, Ashima is loss-making on a trailing 12-month basis, with a net loss of ₹18 Cr, so it has no P/E ratio. The share price is ₹14.39, 31% below its 52-week high. Sales fell 61% a year over 3 years. Debt is 0.62× equity. It is a small-cap company with a market cap of ₹276 Cr, ranked 52nd of 112 Real Estate (Development) companies by market cap; the shares fell 32% over the past year.
- ₹14.45
- ₹14.50
- ₹13.90
- ₹14.28
- 32.9K
Health check
- ReturnsBehind
−31.6% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −61.3% a year over 3 years.
- ProfitabilityWeak
ROCE 0.6% vs peer median 10.4%.
- Balance sheetStretched
Debt 0.62× equity, interest covered 0.3×, Piotroski 3 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹276 Cr
- Small cap
- P/E
- n/a
- Industry 22.1
- Price to book
- 1.07
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- −6.5%
- Peers 11.1%
- ROCE
- 0.6%
- Peers 10.4%
- Debt to equity
- 0.62
- Debt ₹161 Cr
- EPS (TTM)
- −₹0.93
- Face value ₹10
- OPM (TTM)
- 28.0%
- Net margin −106.8%
- Sales growth
- +273.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 10.55
- EV/EBITDA −49.2
Strengths and risks
Strengths
- Quarterly sales up 273.6% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −6.5%.
- 31% below its 52-week high.
- Interest coverage of only −0.4×.
About Ashima
Ashima Limited engages in real estate business in India. It operates through Real Estate and Investment segments. The company provides portfolio management services, as well as develops residential and commercial properties. Ashima Limited was incorporated in 1982 and is based in Ahmedabad, India. Ashima Limited is a subsidiary of Navchintan Trust.
- Headquarters
- Ahmedabad
- Employees
- 52
- Sector
- Real Estate
- ISIN
- INE440A01010
- Website
- ashima.in
Price range
- Avg volume (3M)
- 83.5K
- 1-year return
- minus 31.6%
- From 52-week high
- minus 31.5%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| ASHIMASYNAshima | 14.39 | plus 0.77% | 276 | – | – | 0.6% | 29.7% | 0.62 | −61.3% | minus 31.6% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 4 | 0.8 | 6.9 | 8.3 | 15 | |
| 1.2 | 1.9 | 7.4 | 3.6 | 9.5 | |
| 2.8 | −1.1 | −0.5 | 4.8 | 5.5 | |
| 69.6% | −141.0% | −7.3% | 57.0% | 36.8% | |
| 0.4 | 6.1 | 0.2 | 0.3 | −1 | |
| 2.1 | 2.5 | 2.6 | 2.5 | 2.5 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| −3.8 | – | −2.2 | – | −25.5 | |
| −2.8 | 2.5 | −5.2 | 2.5 | −23.6 | |
| −3.5% | 4.0% | 34.3% | 3.6% | 19.0% | |
| −8.1 | −2.7 | −6.9 | 1.9 | −20.2 | |
| -0.42 | -0.14 | -0.36 | 0.10 | -1.05 |
Profit & loss
- Sales CAGR 3Y
- −61.3%
- ROE
- −6.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 207 | 89.6 | 10.5 | 12 | |
| – | minus 56.7% | minus 88.3% | +14.6% | |
| 212 | 17.5 | 5.2 | 15.2 | |
| −4.9 | 72.1 | 5.3 | −3.2 | |
| −2.4% | 80.5% | 50.3% | −26.3% | |
| 1.7 | 0.2 | 3.1 | 2.7 | |
| 1.9 | 3.6 | 6.8 | 8.7 | |
| 4.1 | 0.8 | 0.7 | 0.3 | |
| 1.6 | 1.2 | −1.2 | 3.3 | |
| −7.7 | 69.1 | −0.3 | −6.2 | |
| – | 0.1% | 11.1% | 24.2% | |
| −6.7 | 96.4 | −19 | −20.3 | |
| -0.40 | 5.03 | -0.99 | -1.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 192 | 192 | 192 | 192 | |
| 28.6 | 125 | 107 | 85.3 | |
| 30.2 | 122 | 113 | 155 | |
| 69.7 | 94.3 | 90.9 | 126 | |
| 320 | 533 | 502 | 557 | |
| 138 | 138 | 46.5 | 42.5 | |
| 4.3 | 7.3 | – | 0.2 | |
| 15.2 | 30.6 | 31.1 | 95.1 | |
| 24 | 67 | 92 | 68.3 | |
| 139 | 290 | 333 | 351 | |
| 320 | 533 | 502 | 557 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −23.9 | −38.5 | −19.9 | −40.3 | |
| 16 | −3.5 | 29.4 | −41.4 | |
| 13.2 | 86.5 | −9.7 | 33.6 | |
| 5.3 | 44.5 | −0.1 | −48.1 | |
| −18.2 | −5.2 | −0.3 | −0.9 | |
| −42.1 | −43.7 | −20.2 | −41.2 |
Shareholding pattern
- Promoters73.49%
- Public26.51%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.49% | 26.51% | 0.00 | |
| 30 Jun 2026 | 73.49% | 26.51% | 0.00 | |
| 31 Mar 2026 | 73.49% | 26.51% | 0.00 | |
| 31 Dec 2025 | 73.49% | 26.51% | 0.00 | |
| 30 Sep 2025 | 73.49% | 26.51% | – |
Major shareholders
Filings & events
News
No recent news coverage found.