Ashnisha Industries Share Price Target for 2024, 2025, 2026, 2027, 2028

Ashnisha Industries is an Indian public limited company primarily engaged in the business of manufacturing and trading of steel and steel alloys. They also operate in the trading and investment business.

Ashnisha Industries Overview

Field Description
Incorporated 2009
Headquarters Kolkata, India
Segments Steel Trading, Software Trading, IT Products, Goods Trading
Stock Exchanges BSE (ASHNI), NSE (ASHNI)
Products TMT bars, Plates, Coils, Structurals, Pig iron, Sponge iron
Financials (as of Sept 30, 2023)
– Total Income Rs. 2.55 crore
– Net Profit Rs. 0.24 crore
Market Capitalization (Dec 28, 2023) Rs. 129.29 crore
– Chairman & Managing Director Mr. Ashok C Shah
– Director Mr. Abhishek Shah
– Director Mr. Amit Agarwal

Ashnisha Industries Products

Category Product
Steel & Steel Alloys TMT bars, Plates, Coils, Structurals, Pig iron, Sponge iron
Other Products Software, Electronic & IT Products, Other Goods

Ashnisha Industries Fundamentals

Metric Value
Market Capitalization (Cr) 131.91
Revenue (TTM) (Cr) 17.15
EBITDA (Cr) -0.03
EPS 0.63
P/E Ratio 150.46
P/B Ratio N/A
Dividend Yield N/A
Debt/Equity Ratio 0.013
Book Value (Cr) 2.41
Face Value 1
ROE 0.63
Debt (Cr) 1.69 Cr.

Ashnisha Industries Revenue and Net Profit

Period Revenue (Cr) Net Profit (Cr) YoY Revenue Change (%) YoY Net Profit Change (%)
FY 2023-24 Q3 (Sep 30, 2023) 2.06 0.31 -55.04% -22.58%
FY 2023-24 Q2 (Jun 30, 2023) 2.55 0.24 1.56% -48.94%
FY 2023-24 Q1 (Mar 31, 2023) 9.43 0.51 116.20% 50.00%
FY 2022-23 (Mar 31, 2023) 19.64 0.90 148.79% 127.27%
FY 2021-22 (Mar 31, 2022) 9.01 0.42 -28.30% -56.10%
FY 2020-21 (Mar 31, 2021) 10.16 -0.69 -51.69% -147.06%

Ashnisha Industries Shareholding Patterns

Shareholder Category Holding (%) Pledged (%)
Promoters: 74.61 0.00
– Ashok C Shah 30.93 0.00
– Abhishek Shah 3.25 0.00
– Others 40.43 0.00
Public & Institutions: 25.39 2.18
– Mutual Funds 0.00 0.00
– FII/FPI 0.00 0.00
– DII 25.39 2.18
– Government/PSU 0.00 0.00

Ashnisha Industries Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Share Price Target
2024 30
2025 40
2026 50
2027 60
2028 70

Ashnisha Industries Share Price Target for 2024

Ashnisha Industries Share Price Target for 2024 is 30.

Ashnisha Industries Share Price Target for 2025

Ashnisha Industries Share Price Target for 2024 is 40.

Ashnisha Industries Share Price Target for 2026

Ashnisha Industries Share Price Target for 2026 is 50.

Ashnisha Industries Share Price Target for 2027

Ashnisha Industries Share Price Target for 2027 is 60.

Ashnisha Industries Share Price Target for 2028

Ashnisha Industries Share Price Target for 2028 is 70.

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Ashnisha Industries Share Split History

Split Date Old Face Value New Face Value Ratio Ex-Date Source
Jun 23, 2022 Rs. 10 Rs. 1 1:10 Jun 23, 2022 The Economic Times, Trendlyne, Moneycontrol

Future Outlook of Ashnisha Industries

Positive Aspects:

  • Strong Revenue Growth: Ashnisha Industries reported a significant 89.52% year-over-year revenue growth for the year ending March 31, 2023, exceeding its 3-year CAGR of -7.64%. This indicates strong momentum in their business operations.
  • Low Operating Expenses: The company’s operating expenses are low, with less than 1% of revenue spent on interest and 0.88% on employee costs. This suggests efficient cost management, which can improve profitability.
  • Expansion Plans: Ashnisha Industries is exploring potential expansion opportunities in the infrastructure sector and solar power projects. These ventures could open up new revenue streams and drive future growth.

Risks Associated With Investing in Ashnisha Industries

Risk Category Specific Risk Potential Impact Mitigation Strategies
Company-Specific Risks * Limited profitability Despite revenue growth, the company’s profit margins are low, raising concerns about sustainability. * Dependence on key personnel Any loss of key executives or managerial expertise could negatively impact operations. * Limited product diversification Reliance on a limited product range increases exposure to market fluctuations in that specific sector. * Reduced shareholder returns from low dividends or buybacks. * Increased volatility and vulnerability to market downturns. * Reliance on external expertise could hinder growth and adaptability. * Analyze financial statements to assess long-term profit potential. * Research the management team’s experience and track record. * Diversify your portfolio and limit exposure to Ashnisha Industries.
Market-Related Risks * Small-cap volatility Ashnisha Industries’ small market capitalization makes it more susceptible to market swings and unexpected changes. * Lack of analyst coverage Limited or no analyst coverage makes it difficult to obtain detailed financial forecasts or price target estimates. * Industry risks Overall economic conditions or specific industry challenges could negatively impact Ashnisha Industries’ performance. * Increased short-term price fluctuations and potential losses. * Difficulty in gauging future outlook and making informed investment decisions. * Reduced investor confidence and potentially lower share prices. * Invest with a long-term perspective and consider your risk tolerance. * Conduct thorough research and gather information from alternative sources. * Diversify your portfolio across different sectors and industries.
Financial Risks * Debt levels The company’s debt-to-equity ratio is relatively high, increasing its financial vulnerability and interest expenses. * Limited access to capital The company’s size might make it difficult to raise additional capital for growth or expansion. * Dependence on external funding Increased reliance on debt or external funding may affect future financial flexibility. * Higher chances of financial distress and potential default. * Limited ability to pursue growth opportunities or respond to market changes. * Reduced control over the company’s financial stability and direction. * Analyze the company’s debt structure and repayment capabilities. * Assess the company’s access to alternative funding sources. * Consider investing in companies with stronger financial positions.

Ashnisha Industries Competitors

Competitor Industry Market Cap (Cr.) Competitive Advantages Competitive Disadvantages
Elango Industries Ltd. Steel Forgings 58.96 Established brand, large customer base, diverse product portfolio High debt levels, operational inefficiencies
Inducto Steel Ltd. Stainless Steel Forgings 43.22 Strong technical expertise, focus on high-quality products, presence in niche markets Limited geographic reach, smaller size compared to peers
Jindal Stainless Ltd. Stainless Steel 8,998.20 Market leader, strong brand recognition, extensive distribution network Higher operating costs, limited focus on specific forgings market
Mishra Dhatu Nigam Ltd. Copper and Alloys 321.02 Experienced player, integrated operations, government support Reliance on government orders, limited geographical presence
Mukand Ltd. Alloy and Special Steels 1,220.95 Diversified product portfolio, strong in-house R&D capabilities, established technical expertise High fixed costs, exposure to volatile steel prices
Panchmahal Steel Ltd. Stainless Steel Plates and Strips 309.30 Focus on cost-efficiency, strategic location, strong relationships with suppliers Limited product range, lower brand recognition compared to larger players
Shah Alloys Ltd. Alloy Steel Forgings 106.09 Niche market focus, strong technical capabilities, good customer service Limited manufacturing capacity, dependence on few key customers
Unison Metals Ltd. Stainless Steel Tubes and Pipes 310.42 Strong brand in pipes and tubes, focus on quality and customer service Limited presence in forgings market, smaller scale compared to some competitors
Usha Martin Ltd. Wire Ropes and Engineering Steels 1,712.54 Diversified product portfolio, strong brand recognition, established distribution network High debt levels, operational inefficiencies
Welcast Steels Ltd. Alloy Steel Castings and Forgings 172.25 Experienced player, focus on quality and precision engineering, good customer relationships Limited product range, dependence on specific industries

Ashnisha Industries Share Price FAQs

Q: Is Ashnisha Industries a good investment?

A: This decision depends on your individual risk tolerance and investment goals. Conduct thorough research, analyze financial statements, consider company news and industry trends, and consult a financial advisor for personalized recommendations.a

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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