Ashima Ltd

NSE
ASHIMASYN •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
74.90% Gain from 52W Low
30.8
TTM PE Ratio
Negative PE TTM
-76.8
Price to Book Ratio
Above industry Median
1.8
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.6
RSI
RSI is mid-range
48.2
MFI
MFI is mid-range
34.5

Ashima Ltd Key Financials

*All values are in ₹ Cr.

Ashima Ltd shareholding Pattern

Promoter
73.5%
Public
26.5%

Ashima Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
7
Bearish Moving Averages
9
5Day EMA
21.40
10Day EMA
21.80
12Day EMA
21.80
20Day EMA
21.80
26Day EMA
21.60
50Day EMA
20.60
100Day EMA
18.80
200Day EMA
17.20
Delivery & Volume
Resistance & Support
20.90
Pivot
Resistance
First Resistance
21.75
Second Resistance
22.25
Third Resistance
23.10
Support
First Support
20.40
Second support
19.55
Third Support
19.05
Relative Strength Index
48.22
Money Flow Index
34.46
MACD
0.25
MACD Signal
0.61
Average True Range
1.50
Average Directional Index
18.04
Rate of Change (21)
5.20
Rate of Change (125)
64.09

Ashima Ltd Company background

Founded in: 1982
Managing director: Chintan N Parikh
Ashima Limited is engaged Textiles and Real Estate business. The Textile business of the Company consists of manufacture of Denim fabrics and readymade garments as well as processing of textile fabrics including Interlining fabrics and garment washing activities (laundry). Its fabrics product including basic denims, ring/slub denims, pigment/discharged print, polyester denim, etc. The piecedyed product range includes basic twills, plain weave, canvas, satin and various types of dobby structures with valueadded properties like chemical, mechanical and functional finishes. The garmenting facility is equipped to manufacture shirts and trousers, both casual as well as formal and can offer overdyed garments also. The Company operates in readytostitch product under the brand ICON.The Company has a state of the art design studio, which cater to the requirements of the high end customers. Because of its compact size and the product specific model, it possesses versatility in terms of product offering. A substantial part of the goods manufactured by the company are meant for exports, which includes direct exports as well as sale to garment manufacturers nominated by overseas buyers. Further, the Company entered into Real Estate business with its project Swan Lake. Swan Lake is a gated community of weekend villas near Ahmedabad.The Company promoted by Chintan N Parikh and Sanjay S Lalbhai, apart from manufacturing synthetic textiles is also into engineering (to manufacture hightensile fasteners and automobile components), dealership (to sell PFY and POY) and construction. In 1992, after Sanjay Lalbhais substantial disinvestment, Chintan Parikh acquired a controlling interest in the company. The sizing facility and engineering division were acquired in Jun.92, as part of the package deal with Anagram Finance. The company set up a 100% EOU to manufacture grey cotton fabrics, which started commercial production in Jun.93. Within 9 months, this unit was accredited with the ISO9002 certification. It took over the 20,240 spindles and the entire weaving and processing infrastructure of the Ahmedabadbased Mihir Textiles (of the Sungrace Mafatlal group) in Nov.93. This was converted into a hightechnology denim plant, Ashima Denims, to manufacture and export denim. In 1995, AL promoted Ashima Dyecot with an ultramodern dyehouse to process cotton fabrics and Ashima Spinfab to produce and export finished yarn dyed fabrics. During the year 19992000, the captive power plant was fully commissioned and the Company has commissioned one more 3 MW power plant during the year.In pursuit of its strategy to offer onestopshop to its international customers, the Company set up its first garment manufacturing facility. This facility now commenced full fledged commercial production to begin despatching garments to leading international and domestic labels.The Scheme of Amalgamation and Arrangement of Ashima Dyecot Private Limited (ADPL) with the Company and their respective Shareholders and Creditors was sanctioned by the Honble National Company Law Tribunal, Ahmedabad Bench and the same became effective from July 29, 2020. During the financial year 202122, Shardul Garments Private Limited ceased to be an Associate Company w.e.f. 30th April, 2022.
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Ashima Ltd FAQs

Ashima Ltd shares are currently priced at 21.25 on NSE and 21.25 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Ashima Ltd [ASHIMASYN] share was 42.14. The Ashima Ltd [ASHIMASYN] share hit a 1-year low of Rs. 12.15 and a 1-year high of Rs. 26.15.

The market cap of Ashima Ltd is Rs. 407.28 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Ashima Ltd is 0 as of 2/28/2024 12:00:00 AM.

The PB ratios of Ashima Ltd is 1.87 as of 2/28/2024 12:00:00 AM

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