ASHIMASYN
Ashima financials
- Market cap
- ₹327 Cr
- Sector
- Textiles
What Ashima does
Ashima Limited, incorporated in 1982 and headquartered in Ahmedabad, now runs two business divisions: a Real Estate division developing residential projects in Ahmedabad, and an Investment (Treasury) division that invests the company's capital in listed equities under a long-term value-investing approach. The Investment portfolio is managed through the company's wholly owned subsidiary, Ashima Capital Management Limited (ACML), a SEBI-registered Portfolio Manager. The company closed its cotton textile manufacturing operations during FY2024-25, which are now reported as discontinued operations.
Segments
- Real Estate
- Investment / Treasury
- Textiles (discontinued)
- Ongoing real estate projects
- 2 (Swan Lake plotted development; The Sovereign high-rise apartments)
- The Sovereign construction progress
- 3rd floor slab casting completed, 4th floor underway (as of FY25)
- Investment/PMS subsidiary
- Ashima Capital Management Limited, SEBI-registered Portfolio Manager (incorporated May 2024)
- Active business divisions
- 2 (Real Estate, Investment) after discontinuing cotton textile operations in FY25
Quarterly results
Q1 FY27: revenue up 217.2%, net profit up 147.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 2 | 1 | 2 | 4 −31% | 0 −82% | 6 +755% | 8 +217% |
| EBITDA | 3 | -4 | -1 | -0 | -2 −172% | -2 +39% | -3 −196% | 3 +1217% |
| Net profit | -12 | -12 | 3 | -3 | -8 +30% | -3 +74% | -7 −328% | 1 +147% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −30.4% 1Y
1Y: ₹23.88 on 10 Sept 2025 → ₹16.61. High ₹24.51 (19 Sept 2025), low ₹11.78 (30 Mar 2026).
Financials, as filed
Revenue fell 60.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to -64.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹207 Cr | ₹142 Cr | ₹16 Cr | ₹13 Cr |
| Operating profit | ₹-5 Cr | ₹70 Cr | ₹4 Cr | ₹-8 Cr |
| Operating margin | -2.4% | 49.7% | 27.8% | -64.4% |
| Interest | ₹2 Cr | ₹4 Cr | ₹7 Cr | ₹9 Cr |
| Depreciation | ₹4 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr |
| Net profit | ₹-7 Cr | ₹96 Cr | ₹-19 Cr | ₹-22 Cr |
| Net margin | -3.2% | 68.1% | -117.7% | -168.8% |
| Cash from operations | ₹-24 Cr | ₹-39 Cr | ₹-19 Cr | ₹-41 Cr |
| Free cash flow | ₹-21 Cr | ₹-43 Cr | ₹-20 Cr | ₹-36 Cr |
| ROCE | -3.0% | 21.0% | 2.0% | 0.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹192 Cr | ₹192 Cr | ₹192 Cr | ₹192 Cr | ₹192 Cr | ₹192 Cr |
| Reserves | ₹19 Cr | ₹36 Cr | ₹29 Cr | ₹125 Cr | ₹96 Cr | ₹84 Cr |
| Borrowings | ₹23 Cr | ₹18 Cr | ₹33 Cr | ₹124 Cr | ₹168 Cr | ₹164 Cr |
| Other liabilities | ₹37 Cr | ₹73 Cr | ₹67 Cr | ₹92 Cr | ₹114 Cr | ₹116 Cr |
| Total liabilities | ₹270 Cr | ₹319 Cr | ₹320 Cr | ₹533 Cr | ₹569 Cr | ₹556 Cr |
| Fixed assets | ₹134 Cr | ₹117 Cr | ₹134 Cr | ₹131 Cr | ₹46 Cr | ₹42 Cr |
| Capital work in progress | ₹1 Cr | ₹8 Cr | ₹4 Cr | ₹7 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹13 Cr | ₹15 Cr | ₹31 Cr | ₹143 Cr | ₹143 Cr |
| Other assets | ₹132 Cr | ₹181 Cr | ₹167 Cr | ₹364 Cr | ₹380 Cr | ₹371 Cr |
| Total assets | ₹270 Cr | ₹319 Cr | ₹320 Cr | ₹533 Cr | ₹569 Cr | ₹556 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.10 pp. The shareholder count shrank 9% to 39,866.
- Promoters
- 73.5%
- FIIs
- 0.1%
- Public
- 26.4%
Since Jun 2025
- Public −0.10 pp
- FIIs +0.09 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Dec '23: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Mar '24: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Jun '24: Promoters 73.5%, FIIs 0.1%, DIIs 0.1%, Public 26.3%.Sep '24: Promoters 73.5%, DIIs 0.1%, Public 26.4%.Dec '24: Promoters 73.5%, DIIs 0.1%, Public 26.4%.Mar '25: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Jun '25: Promoters 73.5%, FIIs 0.1%, Public 26.5%.Sep '25: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Dec '25: Promoters 73.5%, FIIs 0.1%, Public 26.4%.Mar '26: Promoters 73.5%, FIIs 0.1%, Public 26.4%.Jun '26: Promoters 73.5%, FIIs 0.1%, Public 26.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ashima above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Chintan Navnitlal Parikh And Shefali Chintan Parikh Trustees Of Navchintan Trust | 58.33% | unchanged |
| Chintan Navnitlal Parikh And Shefali Chintan Parikh Trustees Of Chintan Parikh Family Trust No. 1 | 5.00% | unchanged |
| Chintan Navnitlal Parikh And Shefali Chintan Parikh Trustees Of Chintan Parikh Family Trust No. 2 | 5.00% | unchanged |
| Chintan Navnitlal Parikh And Shefali Chintan Parikh Trustees Of Chintan Parikh Family Trust No. 3 | 5.00% | unchanged |
| Chintan Navnit Parikh | 0.10% | unchanged |
| Shefali Chintan Parikh | 0.05% | unchanged |
| Krishnachintan Chintan Parikh | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Ashima
Guides on how to read this kind of business and the numbers that matter.