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 |
| Management | |
| – 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.
