| ₹ 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 previous close · figures from the company's filings with NSE
Ashima (NSE: ASHIMASYN) had a market capitalisation of ₹285 crore at the previous close (₹14.85 a share) and a price-to-book ratio of 1.10. 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 previous 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 ₹285 crore at ₹14.85 a share.
Ashima's price-to-book (PB) ratio is 1.10 at the previous close: a market capitalisation of ₹285 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 ₹14.85.
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 ₹285 crore at the previous close: 19.17 crore shares at ₹14.85 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 ₹285 crore at the previous 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 previous close was ₹14.85.
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%).
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. 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.