| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 15.0 | 4.0 | +273.6% |
| EBITDA | −11.4 | −2.2 | — |
| EBITDA margin | −75.9% | −54.1% | −21.8 pts |
| Profit before tax | −23.6 | −2.8 | — |
| Net profit | −20.2 | −8.1 | — |
| EPS | −₹1.06 | −₹0.42 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 285 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 48.9 | 58.1 | 64.3 | — | 20.0 | ||
| 164 | 164 | 122 | — | 0.2 | ||
| 400 | — | — | — | — | ||
| 31.0 | 12.0 | 10.5 | 329 | — | ||
| — | +14.6% | −96.8% | — | — | ||
| −12.7 | −6.8 | 4.1 | 64.7 | — | ||
| −41.1% | −56.4% | 38.9% | 19.6% | — | ||
| −13.0 | −7.1 | 3.4 | 64.7 | — | ||
| −27.9 | −20.3 | −19.0 | — | — | ||
| −90.3% | −169.0% | −181.3% | — | — | ||
| −₹1.46 | −₹1.06 | −₹0.99 | — | — | ||
| — | −6.8% | — | — | — | ||
| — | −40.3 | −19.9 | −38.4 | −23.9 | ||
| — | −0.9 | −0.3 | — | — | ||
| −41.2 | −41.2 | −20.2 | −38.4 | −23.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 284.6 | |
| - Cash, Equiv & ST Investments | 20.0 | — | 64.3 | 58.1 | 48.9 | |
| + Total Debt | 0.2 | — | 121.6 | 164.2 | 164.2 | |
| Enterprise Value | — | — | — | — | 399.9 | |
| Revenue | — | 329.4 | 10.5 | 12.0 | 31.0 | |
| Growth %, YoY | — | — | -96.8 | +14.6 | — | |
| EBITDA | — | 64.7 | 4.1 | -6.8 | -12.7 | |
| Margin % | — | 19.64 | 38.93 | -56.37 | -41.14 | |
| EBIT | — | 64.7 | 3.4 | -7.1 | -13.0 | |
| Net Income | — | — | -19.0 | -20.3 | -27.9 | |
| Margin % | — | — | -181.30 | -169.03 | -90.27 | |
| EPS, Adj (current shares) | — | — | -0.99 | -1.06 | -1.46 | |
| Growth %, YoY | — | — | — | -6.8 | — | |
| Cash from Operations | -23.9 | -38.4 | -19.9 | -40.3 | — | |
| Capital Expenditures | — | — | -0.3 | -0.9 | — | |
| Free Cash Flow | -23.9 | -38.4 | -20.2 | -41.2 | -41.2 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Ashima (NSE: ASHIMASYN) had a market capitalisation of ₹267 crore at the 30 October 2026 close (₹13.92 a share) and a price-to-book ratio of 1.03. In FY26 its consolidated net loss was ₹20.3 crore on revenue of ₹12 crore; in Q2 FY27 (July–September 2026) it was a loss of ₹20.2 crore. Its debt-to-equity ratio was 0.62 on 30 September 2026. Promoters held 73.49% of the shares on 30 September 2026.
Ashima's PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q3 FY26 to Q2 FY27) was a loss of ₹27.9 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹267 crore at ₹13.92 a share.
Ashima's price-to-book (PB) ratio is 1.03 at the 30 October 2026 close: a market capitalisation of ₹267 crore divided by shareholders' equity (book value) of ₹259 crore on 30 September 2026. That is a book value of ₹13.50 per share against a share price of ₹13.92.
In FY26, Ashima's return on equity (ROE) was −7.1% and its return on capital employed (ROCE) was −1.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
Ashima's market capitalisation was ₹267 crore at the 30 October 2026 close: 19.17 crore shares at ₹13.92 each.
No. Ashima had borrowings of ₹161 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.62. Its cash and current investments were ₹63.4 crore, so its net debt was ₹98 crore.
Ashima's basic earnings per share (EPS) were −₹1.06 in FY26, against −₹0.99 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to −₹1.46.
Ashima's debt-to-equity ratio was 0.62 on 30 September 2026: borrowings of ₹161 crore against total equity of ₹259 crore. A year earlier, on 30 September 2025, it was 0.58.
Promoters held 73.49% of Ashima on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Ashima generated ₹40.3 crore of cash from operations and spent ₹88 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹41.2 crore. In FY25 it was −₹20.2 crore.
Ashima's net worth — shareholders' equity in its consolidated balance sheet — was ₹259 crore on 30 September 2026, down 10.2% from ₹288 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹267 crore at the 30 October 2026 close.
Ashima's book value per share was ₹13.50 on 30 September 2026: shareholders' equity of ₹259 crore divided by the 19.17 crore shares in issue, down 10.2% from ₹15.02 a year earlier. The share price at the 30 October 2026 close was ₹13.92.
Ashima's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net loss ₹20.2 crore, wider than the loss of ₹8.1 crore in Q2 FY26; revenue from operations ₹15 crore, up 273.6% year on year.
On 30 September 2026, Ashima's shares were held by promoters 73.49%, foreign portfolio investors (FII/FPI) 0.14%, domestic institutions (DII) 0.00% (including mutual funds at 0.00%) and retail and other non-institutional investors 26.37%. Over the year, FII holding was up 0.10 percentage points from 0.04% and DII holding was unchanged.
On FY26 consolidated figures, against DCM Nouvelle and Banswara Syntex: Ashima's operating margin of −58.7% is the lowest of the three (DCM Nouvelle 2.6%, Banswara Syntex 5.6%; peer average 4.1%); its return on equity of −7.1% is the lowest of the three (DCM Nouvelle 1.1%, Banswara Syntex 5.5%; peer average 3.3%).
In FY26, Ashima earned net profit of ₹20.3 crore on revenue of ₹12 crore, against ₹3.6 crore on ₹1,027 crore for DCM Nouvelle. Ashima's operating margin was −58.7% (DCM Nouvelle 2.6%) and its return on equity −7.1% (DCM Nouvelle 1.1%). At the 30 October 2026 close, Ashima's market capitalisation was ₹267 crore against ₹327 crore for DCM Nouvelle.
In FY26 (April 2025–March 2026), Ashima's consolidated net loss was ₹20.3 crore, wider than the loss of ₹19 crore in FY25, on revenue from operations of ₹12 crore (up 14.6%).
Ashima has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
From Ashima's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.