About Ashnisha Industries Limited
Data last updated:
Ashnisha Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 27 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74110GJ2009PLC057629. Its GSTIN is 24AAJCA1606Q1ZK (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 541702.
The company has an authorised share capital of ₹27.5 Cr and a paid-up capital of ₹26.51 Cr. It was formerly known as Ashnisha Alloys Limited and Ashnisha Alloys Private Limited. It is led by directors including Ashok Chinubhai Shah (Managing Director) and Shalin Ashok Shah.
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7th Floor Ashoka Chambers Opp. Hcg Hospital Mithkhali Six Roads Mithakhali, Ahmedabad, Gujarat, India – 380006.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹12.85 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹25 Lakh (net margin 1.9%) and EBITDA of -₹1.69 Cr (EBITDA margin -13.2%). The net worth stands at ₹109.73 Cr (up 80.7% YoY). Total assets are valued at ₹131.66 Cr (up 6.7% YoY).
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ashnisha Industries. Court records list 2 cases involving the company, including 2 filed by the company. The company has 89 deals on record (89 market trades); the latest was in September 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashnisha.in.
Company details
Name history
Ashnisha Industries has undergone 2 name changes throughout its history. The company was previously known as Ashnisha Alloys Limited, and Ashnisha Alloys Private Limited. The current legal name is Ashnisha Industries Limited.
| Company Name | Status |
|---|---|
| Ashnisha Industries Limited | Current |
| Ashnisha Alloys Limited | Previous |
| Ashnisha Alloys Private Limited | Previous |
CIN history
Ashnisha Industries has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110GJ2009PLC057629, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110GJ2009PLC057629 | Current |
| U74110GJ2009PTC057629 | Previous |
| U74110GJ2009PLC057629 | Previous |
| U27109GJ2009PTC057629 | Previous |
| L46620GJ2009PLC057629 | Previous |
Contact details
Ashnisha Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is ashnisha.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Ashoka Chambers Opp. Hcg Hospital Mithkhali Six Roads Mithakhali, Ahmedabad, Gujarat, India – 380006
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ashnisha Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ashnisha Industries operates one associated brand: Ashnisha Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and trader of steel and steel alloys | ashnisha.in |
Business activity
The main business activity of Ashnisha Industries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ashnisha Industries Limited, buy the company report.
Financials of Ashnisha Industries Limited
FY 2025-26 filings availableAshnisha Industries Limited reported revenue of ₹12.85 Cr (up 166% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12.85 | 4.83 | 12.47 | 19.64 | 9.01 | 10.16 | 26.80 |
| Revenue growth | +166.1% | -61.3% | -36.5% | +118.0% | -11.3% | -62.1% | - |
| EBITDA | (1.69) | (4.01) | (0.45) | (0.30) | (0.05) | 0.44 | (1.43) |
| EBITDA margin | -13.2% | -83.0% | -3.6% | -1.5% | -0.6% | +4.3% | -5.3% |
| Profit before tax | 0.33 | 1.26 | 1.43 | 1.13 | 1.23 | (0.72) | (4.93) |
| Net profit | 0.25 | 0.16 | 0.95 | 0.89 | 0.20 | (0.70) | (4.52) |
| Net profit margin | +2.0% | +3.3% | +7.6% | +4.5% | +2.2% | -6.9% | -16.9% |
| EPS (₹) | 0.01 | 0.02 | 0.09 | 0.09 | 1.40 | (2.28) | (14.95) |
| Balance sheet | |||||||
| Total assets | 132 | 123 | 80.82 | 74.45 | 62.55 | 63.15 | 62.85 |
| Net worth | 110 | 60.71 | 60.56 | 56.37 | 44.60 | 44.18 | 44.87 |
| Total debt | 5.38 | 46.13 | 3.77 | 1.69 | 1.74 | 3.18 | 1.74 |
| Cash & bank | 7.35 | 0.23 | 0.84 | 2.64 | 0.17 | 14.82 | 4.55 |
| Net working capital | 96.28 | 87.38 | 32.63 | 37.93 | 26.71 | 23.88 | 29.94 |
| Cash flow | |||||||
| Cash from operations | (42.22) | (12.75) | 2.96 | (8.93) | (17.99) | 16.56 | (67.29) |
| Cash from investing | (3.15) | 0.62 | (0.75) | 1.74 | 4.61 | (3.78) | (0.40) |
| Cash from financing | 52.49 | 11.52 | (4.01) | 9.66 | (1.28) | (2.50) | 72.10 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.12 | 1.33 | 5.51 | 2.59 | 4.49 | 0.35 | 1.04 | 2.69 |
| Revenue growth (YoY) | -97.3% | +280.0% | +429.8% | -3.7% | +550.7% | -16.7% | - | - |
| Other income | 0.20 | 0.23 | 1.29 | 0.31 | 0.35 | 0.50 | 4.24 | 0.19 |
| EBITDA | (0.05) | (0.06) | (1.07) | (0.12) | (0.17) | (0.24) | (2.92) | (0.05) |
| EBITDA margin | -41.7% | -4.5% | -19.4% | -4.6% | -3.8% | -68.6% | -280.8% | -1.9% |
| Depreciation | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | 0.04 | 0.09 | 0.06 | 0.05 | 0.13 | 1.19 | 0.01 |
| Tax | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 1.09 | 0.00 |
| Net profit | 0.02 | 0.04 | 0.01 | 0.06 | 0.05 | 0.13 | 0.10 | 0.01 |
| EPS (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8.44 | 2.83 | 5.27 | 6.53 | 0.00 | 0.00 | 2.15 |
| Revenue growth | +198.2% | -46.3% | -19.3% | - | - | -100.0% | - |
| EBITDA | (0.18) | (0.11) | 0.76 | 0.14 | (0.63) | (0.08) | (0.03) |
| EBITDA margin | -2.1% | -3.9% | +14.4% | +2.1% | - | - | -1.4% |
| Profit before tax | 0.22 | 0.15 | 0.84 | 0.80 | (0.13) | (0.09) | (0.04) |
| Net profit | 0.17 | 0.11 | 0.65 | 0.67 | (0.63) | (0.09) | (0.04) |
| Net profit margin | +2.0% | +3.9% | +12.3% | +10.3% | - | - | -1.9% |
| EPS (₹) | 0.01 | 0.01 | 0.06 | 0.07 | (0.45) | (0.31) | (0.11) |
| Balance sheet | |||||||
| Total assets | 79.53 | 31.74 | 31.25 | 25.11 | 13.62 | 13.75 | 13.80 |
| Net worth | 76.57 | 27.60 | 27.47 | 23.42 | 11.88 | 12.02 | 12.11 |
| Total debt | 2.96 | 4.14 | 3.77 | 1.69 | 1.74 | 1.74 | 1.69 |
| Cash & bank | 7.31 | 0.20 | 0.17 | 0.21 | 0.02 | 0.28 | 0.03 |
| Net working capital | 68.58 | 25.70 | 24.78 | 21.64 | 10.16 | 9.50 | 9.54 |
| Cash flow | |||||||
| Cash from operations | (35.49) | (0.77) | (2.51) | (10.68) | (1.55) | 0.25 | (0.30) |
| Cash from investing | (4.93) | 0.42 | (3.00) | 0.00 | 1.28 | 0.00 | 0.00 |
| Cash from financing | 47.52 | 0.38 | 5.48 | 10.87 | 0.00 | 0.00 | 0.21 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.12 | 1.33 | 5.51 | 2.59 | 0.08 | 0.35 | 1.04 | 0.69 |
| Revenue growth (YoY) | +50.0% | +280.0% | +429.8% | +275.4% | -88.4% | -16.7% | - | - |
| Other income | (0.01) | 0.05 | 0.02 | 0.08 | 0.00 | 0.22 | 0.14 | 0.00 |
| Total expenses | 0.10 | 1.36 | 5.48 | 2.62 | 0.02 | 0.50 | 1.09 | 0.68 |
| EBITDA | 0.02 | (0.03) | 0.03 | (0.03) | 0.06 | (0.15) | (0.05) | 0.01 |
| EBITDA margin | +16.7% | -2.3% | +0.5% | -1.2% | +75.0% | -42.9% | -4.8% | +1.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | 0.02 | 0.05 | 0.05 | 0.06 | 0.07 | 0.09 | 0.01 |
| Tax | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.12 | 1.33 | 5.51 | 2.59 | 4.49 | 0.35 | 1.04 | 2.69 |
| Revenue growth (YoY) | -97.3% | +280.0% | +429.8% | -3.7% | +550.7% | -16.7% | - | - |
| Other income | 0.20 | 0.23 | 1.29 | 0.31 | 0.35 | 0.50 | 4.24 | 0.19 |
| EBITDA | (0.05) | (0.06) | (1.07) | (0.12) | (0.17) | (0.24) | (2.92) | (0.05) |
| EBITDA margin | -41.7% | -4.5% | -19.4% | -4.6% | -3.8% | -68.6% | -280.8% | -1.9% |
| Depreciation | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | 0.04 | 0.09 | 0.06 | 0.05 | 0.13 | 1.19 | 0.01 |
| Tax | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 1.09 | 0.00 |
| Net profit | 0.02 | 0.04 | 0.01 | 0.06 | 0.05 | 0.13 | 0.10 | 0.01 |
| EPS (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12.85 | 4.83 | 12.47 | 19.64 | 9.01 | 10.16 | 26.80 |
| Revenue growth | +166.1% | -61.3% | -36.5% | +118.0% | -11.3% | -62.1% | - |
| Other income | 2.54 | 5.79 | 2.40 | 1.74 | 2.27 | 0.64 | 0.40 |
| Total expenses | 14.54 | 8.84 | 12.92 | 19.94 | 9.06 | 9.72 | 28.23 |
| Employee cost | 0.29 | 0.37 | 0.34 | 0.17 | 0.18 | 0.08 | 0.18 |
| EBITDA | (1.69) | (4.01) | (0.45) | (0.30) | (0.05) | 0.44 | (1.43) |
| EBITDA margin | -13.2% | -83.0% | -3.6% | -1.5% | -0.6% | +4.3% | -5.3% |
| Depreciation | 0.52 | 0.52 | 0.52 | 0.30 | 0.98 | 1.70 | 3.66 |
| Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.10 | 0.24 |
| Profit before tax | 0.33 | 1.26 | 1.43 | 1.13 | 1.23 | (0.72) | (4.93) |
| Tax | 0.08 | 1.10 | 0.48 | 0.24 | 0.81 | (0.02) | (0.41) |
| Net profit | 0.25 | 0.16 | 0.95 | 0.89 | 0.20 | (0.70) | (4.52) |
| Net profit margin | +2.0% | +3.3% | +7.6% | +4.5% | +2.2% | -6.9% | -16.9% |
| EPS (₹) | 0.01 | 0.02 | 0.09 | 0.09 | 1.40 | (2.28) | (14.95) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.51 | 10.10 | 10.10 | 9.90 | 3.02 | 3.02 | 3.02 |
| Reserves & surplus | 83.22 | 50.61 | 50.46 | 46.47 | 41.58 | 41.16 | 41.85 |
| Shareholders' funds (net worth) | 110 | 60.71 | 60.56 | 56.37 | 44.60 | 44.18 | 44.87 |
| Minority interest | 16.55 | 16.51 | 16.49 | 16.39 | 16.22 | 15.79 | 16.25 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 5.38 | 46.13 | 3.77 | 1.69 | 1.74 | 3.18 | 1.74 |
| Total debt | 5.38 | 46.13 | 3.77 | 1.69 | 1.74 | 3.18 | 1.74 |
| Total liabilities | 132 | 123 | 80.82 | 74.45 | 62.55 | 63.15 | 62.85 |
| Assets | |||||||
| Gross block | 45.20 | 45.18 | 45.18 | 45.18 | 45.18 | 44.18 | 36.68 |
| Net block | 10.65 | 11.14 | 11.66 | 12.17 | 12.70 | 13.42 | 8.90 |
| Capital work in progress | 7.32 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.77 | 2.82 | 3.59 | 0.59 | 0.59 | 4.01 | 4.16 |
| Inventories | 0.00 | 0.00 | 0.24 | 0.00 | 1.05 | 1.40 | 5.93 |
| Sundry debtors | 16.08 | 7.42 | 15.48 | 12.53 | 5.78 | 8.63 | 9.96 |
| Cash & bank balances | 7.35 | 0.23 | 0.84 | 2.64 | 0.17 | 14.82 | 4.55 |
| Loans & advances | 76.44 | 83.79 | 28.76 | 33.29 | 25.79 | 8.33 | 12.67 |
| Total current assets | 99.87 | 91.44 | 45.32 | 48.46 | 32.79 | 33.18 | 33.11 |
| Total current liabilities | 3.59 | 4.06 | 12.69 | 10.53 | 6.08 | 9.30 | 3.17 |
| Net working capital | 96.28 | 87.38 | 32.63 | 37.93 | 26.71 | 23.88 | 29.94 |
| Total assets | 132 | 123 | 80.82 | 74.45 | 62.55 | 63.15 | 62.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.23 | 0.84 | 2.64 | 0.17 | 14.82 | 4.55 | 0.15 |
| Net cash from operating activities | (42.22) | (12.75) | 2.96 | (8.93) | (17.99) | 16.56 | (67.29) |
| Net cash from investing activities | (3.15) | 0.62 | (0.75) | 1.74 | 4.61 | (3.78) | (0.40) |
| Net cash from financing activities | 52.49 | 11.52 | (4.01) | 9.66 | (1.28) | (2.50) | 72.10 |
| Net change in cash | 7.12 | (0.61) | (1.80) | 2.47 | (14.66) | 10.27 | 4.40 |
| Closing cash | 7.35 | 0.23 | 0.84 | 2.64 | 0.17 | 14.82 | 4.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +166.1% | -61.3% | -36.5% | +118.0% | -11.3% | -62.1% | - |
| EBITDA growth | +57.9% | -791.1% | -50.0% | -500.0% | -111.4% | +130.8% | - |
| PBT growth | -73.8% | -11.9% | +26.6% | -8.1% | +9998.0% | +85.4% | - |
| Net income growth | +56.3% | -83.2% | +6.7% | +345.0% | +128.6% | +84.5% | - |
| Revenue CAGR (3Y) | -13.2% | -18.8% | +7.1% | -9.8% | -50.5% | -4.9% | - |
| EBITDA CAGR (3Y) | +77.9% | +331.3% | - | -40.6% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +3.3% | +7.6% | +4.5% | +4.7% | -6.9% | -16.9% |
| Return on capital employed | +0.3% | +1.5% | +2.3% | +2.2% | +1.3% | 0.0% | 0.0% |
| Return on net worth | +0.3% | +0.3% | +1.6% | +1.8% | +0.4% | 0.0% | 0.0% |
| Debt / equity | 0.30 | 0.41 | 0.05 | 0.03 | 0.06 | 0.06 | 1.17 |
| Long-term debt / equity | 0.04 | 0.06 | 0.05 | 0.03 | 0.04 | 0.04 | 0.05 |
| Interest cover | 0.00 | 0.00 | 0.00 | -1.67 | -0.97 | -7.94 | -4.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.28 | 0.11 | 0.28 | 0.43 | 0.20 | 0.25 | 0.73 |
| Inventory turnover | 0.00 | 40.25 | 103.92 | 37.41 | 7.36 | 2.77 | 4.52 |
| Debtors turnover | 1.09 | 0.42 | 0.89 | 2.15 | 1.25 | 1.09 | 1.60 |
| EPS (₹) | 0.01 | 0.02 | 0.09 | 0.09 | 1.40 | (2.28) | (14.95) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 4.14 | 6.01 | 6.00 | 5.69 | 147.74 | 146.35 | 148.63 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.12 | 1.33 | 5.51 | 2.59 | 0.08 | 0.35 | 1.04 | 0.69 |
| Revenue growth (YoY) | +50.0% | +280.0% | +429.8% | +275.4% | -88.4% | -16.7% | - | - |
| Other income | (0.01) | 0.05 | 0.02 | 0.08 | 0.00 | 0.22 | 0.14 | 0.00 |
| Total expenses | 0.10 | 1.36 | 5.48 | 2.62 | 0.02 | 0.50 | 1.09 | 0.68 |
| EBITDA | 0.02 | (0.03) | 0.03 | (0.03) | 0.06 | (0.15) | (0.05) | 0.01 |
| EBITDA margin | +16.7% | -2.3% | +0.5% | -1.2% | +75.0% | -42.9% | -4.8% | +1.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | 0.02 | 0.05 | 0.05 | 0.06 | 0.07 | 0.09 | 0.01 |
| Tax | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8.44 | 2.83 | 5.27 | 6.53 | 0.00 | 0.00 | 2.15 |
| Revenue growth | +198.2% | -46.3% | -19.3% | - | - | -100.0% | - |
| Other income | 0.40 | 0.26 | 0.08 | 0.66 | 0.50 | 0.00 | 0.00 |
| Total expenses | 8.62 | 2.94 | 4.51 | 6.39 | 0.63 | 0.08 | 2.18 |
| Employee cost | 0.04 | 0.04 | 0.02 | 0.01 | 0.09 | 0.01 | 0.01 |
| EBITDA | (0.18) | (0.11) | 0.76 | 0.14 | (0.63) | (0.08) | (0.03) |
| EBITDA margin | -2.1% | -3.9% | +14.4% | +2.1% | - | - | -1.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.22 | 0.15 | 0.84 | 0.80 | (0.13) | (0.09) | (0.04) |
| Tax | 0.05 | 0.04 | 0.19 | 0.13 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.17 | 0.11 | 0.65 | 0.67 | (0.63) | (0.09) | (0.04) |
| Net profit margin | +2.0% | +3.9% | +12.3% | +10.3% | - | - | -1.9% |
| EPS (₹) | 0.01 | 0.01 | 0.06 | 0.07 | (0.45) | (0.31) | (0.11) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.51 | 10.10 | 10.10 | 9.90 | 3.02 | 3.02 | 3.02 |
| Reserves & surplus | 50.06 | 17.50 | 17.37 | 13.52 | 8.86 | 9.00 | 9.09 |
| Shareholders' funds (net worth) | 76.57 | 27.60 | 27.47 | 23.42 | 11.88 | 12.02 | 12.11 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 2.96 | 4.14 | 3.77 | 1.69 | 1.74 | 1.74 | 1.69 |
| Total debt | 2.96 | 4.14 | 3.77 | 1.69 | 1.74 | 1.74 | 1.69 |
| Total liabilities | 79.53 | 31.74 | 31.25 | 25.11 | 13.62 | 13.75 | 13.80 |
| Assets | |||||||
| Gross block | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Net block | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 |
| Capital work in progress | 7.32 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.61 | 5.67 | 6.44 | 3.44 | 3.44 | 4.22 | 4.22 |
| Inventories | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 12.17 | 7.42 | 8.53 | 11.07 | 4.21 | 7.25 | 8.79 |
| Cash & bank balances | 7.31 | 0.20 | 0.17 | 0.21 | 0.02 | 0.28 | 0.03 |
| Loans & advances | 51.77 | 20.05 | 18.26 | 18.57 | 7.26 | 3.30 | 2.86 |
| Total current assets | 71.25 | 27.67 | 27.20 | 29.85 | 11.49 | 10.83 | 11.68 |
| Total current liabilities | 2.67 | 1.97 | 2.42 | 8.21 | 1.33 | 1.33 | 2.14 |
| Net working capital | 68.58 | 25.70 | 24.78 | 21.64 | 10.16 | 9.50 | 9.54 |
| Total assets | 79.53 | 31.74 | 31.25 | 25.11 | 13.62 | 13.75 | 13.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.20 | 0.17 | 0.21 | 0.02 | 0.28 | 0.03 | 0.13 |
| Net cash from operating activities | (35.49) | (0.77) | (2.51) | (10.68) | (1.55) | 0.25 | (0.30) |
| Net cash from investing activities | (4.93) | 0.42 | (3.00) | 0.00 | 1.28 | 0.00 | 0.00 |
| Net cash from financing activities | 47.52 | 0.38 | 5.48 | 10.87 | 0.00 | 0.00 | 0.21 |
| Net change in cash | 7.10 | 0.03 | (0.03) | 0.19 | (0.26) | 0.25 | (0.09) |
| Closing cash | 7.31 | 0.20 | 0.17 | 0.21 | 0.02 | 0.28 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +198.2% | -46.3% | -19.3% | - | - | -100.0% | - |
| EBITDA growth | -63.6% | -114.5% | +442.9% | +122.2% | -687.5% | -166.7% | - |
| PBT growth | +46.7% | -82.1% | +5.0% | +9998.0% | -44.4% | -125.0% | -33.3% |
| Net income growth | +54.6% | -83.1% | -3.0% | +206.4% | -600.0% | -125.0% | - |
| Revenue CAGR (3Y) | +8.9% | - | - | +44.8% | -100.0% | -100.0% | +58.5% |
| EBITDA CAGR (3Y) | - | -44.1% | - | - | +215.8% | -50.8% | +14.5% |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +3.9% | +12.3% | +10.3% | - | - | -1.9% |
| Return on capital employed | +0.4% | +0.5% | +3.0% | +4.1% | -4.7% | 0.0% | 0.0% |
| Return on net worth | +0.3% | +0.4% | +2.5% | +3.8% | -5.4% | 0.0% | 0.0% |
| Debt / equity | 0.07 | 0.14 | 0.11 | 0.10 | 0.15 | 0.14 | 0.14 |
| Long-term debt / equity | 0.07 | 0.14 | 0.11 | 0.09 | 0.14 | 0.14 | 0.13 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 112.53 | 40.43 | 75.29 | 93.29 | 0.00 | 0.00 | 30.71 |
| Inventory turnover | 0.00 | 23.58 | 43.92 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.86 | 0.35 | 0.54 | 0.85 | 0.00 | 0.00 | 0.25 |
| EPS (₹) | 0.01 | 0.01 | 0.06 | 0.07 | (0.45) | (0.31) | (0.11) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 2.89 | 2.73 | 2.72 | 2.37 | 39.35 | 39.80 | 40.12 |
To see the full year-wise statements and ratios of Ashnisha Industries Limited, buy the company report.
Board of directors and KMP of Ashnisha Industries Limited
Ashnisha Industries Limited currently reports 5 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalin Ashok Shah | Director | 27 Jul 2009 | 17 Years 3 Months | Current |
| Ashok Chinubhai Shah | Managing Director | 27 Jul 2009 | 17 Years 3 Months | Current |
| Payal Punit Pandya | Company Secretary | 29 May 2025 | 1 Years 5 Months | Current |
| Deepti Ghanshyam Gavali Also directs: Rhetan TMT Limited, Gujarat Natural Resources Limited, Ashoka Metcast Limited and 1 more | Director | 13 Dec 2024 | 1 Years 11 Months | Current |
| Yash Vishwanath Bodade | Director | 15 Jun 2024 | 2 Years 4 Months | Current |
| Swapnil Sharad Shimpi | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Ashnisha Industries Limited is audited by GMCA & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GMCA & Co. | FY 2023 | 109850W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 6.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 93.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 6.60% | 6.60% | 6.60% | 17.40% |
| Public | 93.40% | 93.40% | 93.40% | 82.60% |
Deals & funding
Ashnisha Industries Limited has 89 deals on record (89 market trades); the latest was in September 2026.
Deals on record (5 of 89)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹2.13 Cr | Buyer: Bhavishya Ecommerce Private Limited Seller: an individual |
| Sep 2026 | Market trade | ₹2.91 Cr | Buyer: an individual Seller: Bhavishya Ecommerce Private Limited , an individual |
| Aug 2026 | Market trade | ₹91.4 Lakh | Buyer: Bhavishya Ecommerce Private Limited Seller: Bhavishya Ecommerce Private Limited |
| Jul 2026 | Market trade | ₹6.74 Cr | Buyer: Neo Apex Share Broking Services LLP , Bhavishya Ecommerce Private Limited , 2 individuals Seller: Neo Apex Share Broking Services LLP , Bhavishya Ecommerce Private Limited |
| Jul 2026 | Market trade | ₹58.7 Lakh | Buyer: Bhavishya Ecommerce Private Limited Seller: Bhavishya Ecommerce Private Limited |
To see the full deal history of Ashnisha Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashnisha Industries Limited has 2 court cases on record: 2 filed by Ashnisha Industries. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
To see the full case history of Ashnisha Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashnisha Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ashnisha Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Adzillow Private Limited | U64204GJ2008PTC054950 |
To see the full group structure of Ashnisha Industries Limited, buy the company report.
GST
Ashnisha Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA1606Q1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashnisha Industries Limited, buy the company report.
Recent activity
Ashnisha Industries Limited has 18 board changes on record since 2009: 12 appointments and 6 cessations. The latest: Umangkumar Hirabhai Patel ceased to be Director on 17 Sep 2025.
9 earlier events are in the company report.
News
Frequently asked questions
Ashnisha Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 27 July 2009 (17+ years old) and is registered under CIN L74110GJ2009PLC057629. Listed on BSE: 541702.
Ashnisha Industries reported revenue of ₹12.85 Cr for FY 2025-26 (up 166% YoY) based on consolidated financials.
Ashnisha Industries has 6 current directors and KMP:
- Ashok Chinubhai Shah - Managing Director
- Shalin Ashok Shah - Director
- Deepti Ghanshyam Gavali - Director
- Yash Vishwanath Bodade - Director
- Swapnil Sharad Shimpi - Director
- Payal Punit Pandya - Company Secretary
The latest financial statements of Ashnisha Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashnisha Industries is 24AAJCA1606Q1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Ashnisha Industries is L74110GJ2009PLC057629. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ashnisha Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 541702).
Ashnisha Industries has 2 court cases on record: 2 filed by the company.
Ashnisha Industries was incorporated on 27 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashnisha Industries has 89 deals on record (89 market trades); the latest was in September 2026.
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