Ashnisha Industries Limited

BSE: ASHNI541702ISIN INE694W01024

Services
Trading & Distributors

Share price

₹2.28+0.04 (+1.79%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: ₹5.36
52W low: ₹2.17
Off 52W high: -57.46%
1M return: -4.20%
3M return: -41.98%
6M return: -55.29%
1Y return: -30.70%
20D avg volume: 13,69,786
50 DMA: ₹2.51
200 DMA: ₹3.43

Key ratios Consolidated

Market cap: ₹60.45 Cr
Current price: ₹2.28
52W high / low: ₹5.36 / ₹2.17
Face value: ₹1.00
P/E: 368.63
P/B: 0.55
EPS (TTM): ₹0.01
Book value / share: ₹4.14
ROE: —
ROCE: 0.30%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹-1.97 Cr
Interest cover: —
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 387.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	1.33	5.51	2.59	4.49	0.34	1.04	2.69	0.69	0.42	—
	0.23	1.29	0.31	0.35	0.50	4.24	0.19	0.28	1.08	—
	1.56	6.80	2.90	4.84	0.85	5.27	2.88	0.96	1.50	—
	1.52	6.71	2.84	4.79	0.73	4.09	2.87	0.95	1.45	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.32	5.79	2.58	4.45	0.34	0.77	2.65	0.69	0.42	—
	0.02	0.02	0.08	0.12	0.08	0.09	0.10	0.09	0.09	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	—
	0.05	0.77	0.06	0.09	0.17	2.83	0.03	0.04	0.81	—
	0.04	0.09	0.06	0.06	0.12	1.19	0.01	0.02	0.05	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.04	0.09	0.06	0.06	0.12	1.19	0.01	0.02	0.05	—
	0.00	0.08	0.00	0.00	0.00	1.09	0.00	0.01	0.00	—
	0.04	0.01	0.06	0.06	0.12	0.10	0.01	0.01	0.05	—
	0.02	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.01	—
Key metrics
	0.17	0.22	0.19	0.19	0.25	1.32	0.14	0.15	0.18	—
	12.80%	4.00%	7.30%	4.20%	73.50%	126.90%	5.20%	21.70%	42.90%	—
	3.00%	0.20%	2.30%	1.30%	35.30%	9.60%	0.40%	1.40%	11.90%	—
	—	0.10%	—	0.10%	—	1.50%	—	—	—	—
	291.20%	429.80%	-3.70%	550.70%	-19.00%	—	—	—	—	—
	-66.70%	-90.00%	500.00%	500.00%	140.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	13.92	12.85	4.83	—
	2.18	2.54	5.79	—
	16.10	15.39	10.62	—
	15.86	15.06	9.35	—
	0.00	0.00	0.00	—
	14.14	13.16	4.52	—
	0.24	0.29	0.37	—
	0.00	0.00	0.00	—
	0.52	0.52	0.52	—
	0.97	1.09	3.72	—
	0.25	0.33	1.26	—
	0.00	0.00	0.00	—
	0.25	0.33	1.26	—
	0.08	0.08	1.09	—
	0.17	0.25	0.17	—
	0.03	0.01	0.02	—
Key metrics
	0.77	0.85	1.78	—
	5.53%	6.60%	36.90%	—
	1.22%	1.90%	3.50%	—
	—	0.30%	1.50%	—
	192.44%	166.00%	—	—
	-29.17%	47.10%	—	—
	—	-49.72	-54.69	—
	—	-170.92	-319.71	—
	—	0.04	0.60	—
	—	-1.97	45.90	—
	—	387.4	333.2	—
Balance sheet
	—	135.71	127.84	—
	—	99.87	91.44	—
	—	7.35	0.23	—
	—	16.08	7.42	—
	—	0.00	0.00	—
	—	—	15.13	—
	—	0.11	0.10	—
	—	2.44	3.01	—
	—	6.15	46.07	—
	—	5.38	46.13	—
	—	2.56	42.02	—
	—	2.82	4.11	—
	—	126.28	77.22	—
Cash flow
	—	-42.73	-54.35	—
	—	-3.15	0.62	—
	—	52.99	53.11	—
	—	6.99	0.34	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	1.33	5.51	2.59	0.08	0.34	1.04	0.69	0.69	0.42	—
	0.05	0.02	0.08	0.00	0.22	0.14	—	0.05	0.07	—
	1.39	5.53	2.67	0.08	0.56	1.18	0.69	0.74	0.49	—
	1.36	5.48	2.62	0.02	0.51	1.09	0.68	0.71	0.45	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.32	5.39	2.57	0.00	0.34	0.77	0.68	0.69	0.42	—
	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.03	0.08	0.03	0.01	0.15	0.05	0.01	0.02	0.02	—
	0.02	0.04	0.05	0.06	0.06	0.09	0.01	0.03	0.04	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.02	0.04	0.05	0.06	0.06	0.09	0.01	0.03	0.04	—
	0.00	0.05	0.00	0.00	0.00	0.03	—	0.01	—	—
	0.02	-0.01	0.05	0.06	0.06	0.06	0.01	0.02	0.04	—
	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.00	—
Key metrics
	0.02	0.04	0.05	0.06	0.06	0.09	0.01	0.03	0.04	—
	1.50%	0.70%	1.90%	75.00%	17.60%	8.70%	1.40%	4.30%	9.50%	—
	1.50%	-0.20%	1.90%	75.00%	17.60%	5.80%	1.40%	2.90%	9.50%	—
	—	0.10%	—	0.20%	—	0.30%	—	—	—	—
	291.20%	429.80%	275.40%	-88.40%	-19.00%	—	—	—	—	—
	-66.70%	-116.70%	400.00%	200.00%	50.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	9.51	8.44	2.83	—
	0.15	0.40	0.26	—
	9.67	8.84	3.09	—
	9.48	8.63	2.93	—
	0.00	0.00	0.00	—
	9.28	8.31	2.56	—
	0.05	0.04	0.04	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	0.15	0.27	0.10	—
	0.17	0.21	0.16	—
	0.00	0.00	0.00	—
	0.17	0.21	0.16	—
	0.05	0.05	0.04	—
	0.12	0.16	0.12	—
	0.01	0.01	0.01	—
Key metrics
	0.17	0.21	0.16	—
	1.79%	2.50%	5.70%	—
	1.26%	1.90%	4.20%	—
	—	0.30%	0.50%	—
	244.57%	198.20%	—	—
	-20.00%	33.30%	—	—
	—	-42.47	-1.11	—
	—	-221.75	-6.42	—
	—	0.04	0.15	—
	—	-4.34	3.94	—
	—	420.8	710.7	—
Balance sheet
	—	82.21	33.70	—
	—	71.24	27.67	—
	—	7.31	0.20	—
	—	12.17	7.42	—
	—	0.00	0.00	—
	—	—	1.13	—
	—	0.03	0.02	—
	—	2.44	1.91	—
	—	2.82	1.99	—
	—	2.97	4.14	—
	—	0.15	0.03	—
	—	2.82	4.11	—
	—	76.57	27.60	—
Cash flow
	—	-35.48	-0.77	—
	—	-4.93	0.42	—
	—	47.52	0.38	—
	—	6.99	0.34	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +244.57%
Profit YoY (TTM): -20.00%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +192.44%
Profit YoY (TTM): -29.17%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 6.62%

Quarter	September 2026	June 2026
Promoter %	6.62%	6.62%

Holder	Type	Holding	Previous	Change
SAURABH MADHUSUDAN PATEL	Public	6.30%	—	—
AAREM INSIGHTS PRIVATE LIMITED	Public	5.97%	5.97%	0.00%
TAPAN SURESHSINHJI DESAI	Public	4.84%	4.84%	0.00%
SHALIN ASHOK SHAH	Promoter	3.21%	3.21%	0.00%
ASHOK CHINUBHAI SHAH	Promoter	2.83%	2.83%	0.00%
BHAVISHYA ECOMMERCE PRIVATE LIMITED	Public	2.06%	4.96%	-2.90%
ADVANCED ENERGY RESOURCES & MANAGEMENT PRIVATE LIMITED	Public	1.73%	1.73%	0.00%
SHREYANSBHAI SHANTILAL SHAH	Public	1.00%	—	—
RHETAN TMT LTD	Promoter Group	0.55%	0.55%	0.00%
ASHOKA METCAST LIMITED	Promoter Group	0.03%	0.03%	0.00%
LEENA ASHOK SHAH	Promoter Group	0.00%	0.00%	0.00%
LESHA VENTURES PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Redington Limited	28,660	366.60	18.17	19.00%	+31.26% TTM	-17.17% TTM	+46.46%
MMTC Ltd.	8,025	53.50	17.94	21.60%	-19.71% TTM	+355.55% TTM	-20.53%
MSTC Limited	4,106	583.25	17.52	31.80%	+21.02% TTM	-44.88% TTM	+6.22%
CREATIVE NEWTECH LIMITED	2,094	1,394.20	25.97	26.40%	—	—	—
Pervasive Commodities Limited S	1,137	12.62	74.24	0.00%	+111.30% TTM	+197.12% TTM	—
BN AGROCHEM LIMITED	1,117	114.20	65.40	4.20%	+84.51% TTM	-60.97% TTM	-68.29%
RRP DEFENSE LIMITED S	802	584.75	-330.37	-8.00%	+39.37% TTM	-364.13% TTM	-35.71%
The Yamuna Syndicate Ltd	750	24,400.00	8.22	0.30%	+11.33% TTM	-16.43% TTM	-32.22%
Shiv Aum Steels Limited	741	545.00	—	—	—	—	—
Riddhi Siddhi Gluco Biols Ltd	636	670.90	-27.71	2.80%	-37.98% TTM	+38.40% TTM	+20.31%
State Trading Corporation of India	624	104.00	—	-16.70%	—	—	-21.92%
Arvaya Healthcare Limited S	569	118.45	-311.71	-2.10%	-47.37% TTM	-2,742.86% TTM	+148.22%
Oswal Agro Mills Ltd.	548	40.86	-15.96	1.50%	-99.98% TTM	-127.15% TTM	-46.29%
SMT ENGINEERING LIMITED	459	254.15	18.72	24.80%	+248.17% TTM	+377.43% TTM	+169.03%
Filtron Engineers Ltd. S	451	71.04	1,420.80	0.30%	-100.00% TTM	+363.64% TTM	+67.00%
Kothari Products Ltd.	364	61.00	18.72	1.60%	+7.57% TTM	+124.93% TTM	-32.00%
Balgopal Commercial limited	337	145.00	-62.76	-12.50%	-96.08% TTM	-231.62% TTM	-35.47%
PIPAN OILS LIMITED S	323	184.25	-118.11	-191.70%	—	-1,342.11% TTM	+35.19%
VEGA JEWELLERS LIMITED S	315	61.95	10.45	31.50%	+465.43% TTM	+873.55% TTM	+60.24%
Novalum Materials Limited S	307	46.74	274.94	7.70%	+290.48% TTM	+239.39% TTM	+36.63%
Sakuma Exports Ltd.	285	1.82	26.72	1.80%	-13.44% TTM	-0.93% TTM	-34.53%
Parshva Enterprises Limited	254	249.05	950.47	3.60%	+0.24% TTM	+8.33% TTM	+32.09%
Polo Queen Industrial and Fintech Limited	253	7.54	110.89	2.50%	-2.02% TTM	-15.56% TTM	-79.87%
Sicagen India Limited	225	56.94	8.91	7.40%	+29.43% TTM	+50.03% TTM	-9.42%
Chandrima Mercantiles limited S	218	6.55	-163.75	4.30%	-69.52% TTM	-134.73% TTM	-34.63%
Ashnisha Industries Limited	60	2.28	368.63	0.30%	+192.44% TTM	-29.17% TTM	-30.70%

Filings & corporate actions

Recent announcements

Ashnisha Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve unaudited Standalone and ....28 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.2 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of trading window for the quarter and half year ended September 30, 2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Regularization of appointment of Mrs. Jhanvi Vikas Sethi as Independent Director of the Company.23 Sep 2026 · Company Update / Change in Management
Announcement under Reg 30 of SEBI (LODR) Reg, 2015 for appointment of M/s Keyur Bavishi & Co. as Statutory Auditors of the Company.23 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Scrutinizer''s Report for 17th AGM of Ashnisha Industries Limited held on September 23, 2026 at 3:30 PM23 Sep 2026 · AGM/EGM / AGM
Proceedings of 17th Annual General Meeting of the Company23 Sep 2026 · AGM/EGM / AGM
General update w.r.t Solar Power Project19 Sep 2026 · Company Update / General
Announcement under Regulation 30 (LODR) w.r.t Newspaper Publication related to 17th Annual General Meeting of the Company to be held on September 23, 202631 Aug 2026 · Company Update / Newspaper Publication
Letter to Shareholders under reg. 36(1)(b) of SEBI (LODR) Reg., 201531 Aug 2026 · Company Update / General
17th Annual Report of the Company for F.Y. 2025-26 for AGM to be held on September 23, 202631 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 17th Annual General Meeting to be held on Wednesday, September 23, 202631 Aug 2026 · AGM/EGM / AGM
Unaudited Financial Results-30.06.202615 Aug 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30 (LODR)- Appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as Additional Independent Director of the Company14 Aug 2026 · Company Update / Change in Management
Announcement under Regulation 30 (LODR)- Appointment of M/s Keyur Bavishi & Co., Chartered Accountants (FRN: 131191W) as Statutory Auditors of the Company for the first term of five years ....14 Aug 2026 · Company Update / Appointment of Statutory Auditor/s
Announcement under Regulation 30 (LODR)- Monitoring Agency Report for the quarter ended June 30, 202614 Aug 2026 · Company Update / Monitoring Agency Report
Intimation of date of 17th Annual General Meeting of the Company, Book Closure dates, cut-off date for e-voting and e-voting period14 Aug 2026 · Corp. Action / Book Closure
Announcement under Regulation 30 (LODR)- Change in Registered Office of the Company within the same city14 Aug 2026 · Company Update / Change in Registered Office Address
Quarterly Unaudited Standalone and Consolidated Financial results for the first quarter ended June 30,202614 Aug 2026 · Result / Financial Results
Outcome of Board meeting held on August 14, 2026 for the approval of Unaudited Standalone and Consolidated Financial for the quarter ended June 30. 2026 and other agendas.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Ashnisha Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve 1. Unaudited financial ....10 Aug 2026 · Board Meeting / Board Meeting
Announcement under Reg 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - Resignation of Independent Director of the Company.7 Aug 2026 · Company Update / Resignation of Director
Announcement under Reg 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulation, 20153 Aug 2026 · Company Update / General
Announcement under Reg 30 SEBI (LODR)21 Jul 2026 · Company Update / General
Announcement under Reg. 30 of SEBI (LODR) Regulation, 201510 Jul 2026 · Company Update / General
Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 20263 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
General26 Jun 2026 · Company Update / General
Closure of trading window_Unaudited Financial Results for the quarter ended June 30, 202624 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
as attached23 Jun 2026 · Company Update / General
Annual Secretarial Compliance Report_31.03.202629 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication_Audited Financial Results_31.03.202628 May 2026 · Company Update / Newspaper Publication
Results-Financial Results for March 31, 202627 May 2026 · Result / Financial Results
Outcome of Board Meeting_Audited Financial Results_31.03.202627 May 2026 · Board Meeting / Outcome of Board Meeting
Ashnisha Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve the Audited Financial Results ....21 May 2026 · Board Meeting / Board Meeting
Report of Monitoring Agency for the quarter ended on March 31, 202615 May 2026 · Company Update / Monitoring Agency Report
Announcement under Regulation 30 (LODR)-General Updates15 May 2026 · Company Update / General
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on March 31, 20264 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window for declaration of Audited Financial Results for quarter and year ended on 31st March, 2026.24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
This is to inform you that Independent Directors of the company at their Separate Meeting held today i.e. on Monday, 23rd March, 2026, inter alia, has reviewed and considered: 1. The ....23 Mar 2026 · Board Meeting / Outcome of Board Meeting
Ashnisha Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/03/2026 ,inter alia, to consider and approve 1. To Review the performance ....18 Mar 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Right Issue of Equity Shares	6 Oct 2025	6 Oct 2025	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results