
About Ashima Limited
Data last updated:
Ashima Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 June 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L99999GJ1982PLC005253. Its GSTIN is 24AACCA2750L1ZU (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 514286 and NSE: ASHIMASYN.
The company has an authorised share capital of ₹212.16 Cr and a paid-up capital of ₹212.16 Cr. It was formerly known as Ashima Syntex Private Limited and Ashima Syntex Limited. It is led by directors including Chintan Navnitlal Parikh (Managing Director) and Krishnachintan Chintan Parikh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹12.01 Cr, a growth of 14.6% compared to the previous year. For the same year it recorded a net loss of ₹21.26 Cr (net margin -177%) and EBITDA of -₹22.41 Cr (EBITDA margin -186.6%). The net worth stands at ₹286.52 Cr (down 6.8% YoY). Total assets are valued at ₹441.12 Cr (up 5% YoY).
The company has about 560 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashima Texcellence. As per MCA filings, the company has open charges of ₹180 Cr and satisfied charges of ₹795.23 Cr on record. Court records list 315 cases involving the company, including 108 filed by the company and 207 filed against it; 66 cases are pending. The company has 39 deals on record (39 market trades); the latest was in May 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 48 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashima.in.
Company details
Name history
Ashima has undergone 2 name changes throughout its history. The company was previously known as Ashima Syntex Private Limited, and Ashima Syntex Limited. The current legal name is Ashima Limited.
| Company Name | Status |
|---|---|
| Ashima Limited | Current |
| Ashima Syntex Private Limited | Previous |
| Ashima Syntex Limited | Previous |
Contact details
Ashima Limited's registered office is in Ahmedabad, Gujarat. Its website is ashima.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Aditya, Near Khadayata Colony, Ahmedabad, Gujarat, India – 380006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ashima 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
Ashima operates one associated brand: Ashima Texcellence. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cotton garments and fabrics are manufactured for international export. | ashima.in |
Business activity
The main business activities of Ashima are manufacturing and real estate. In detail, this covers textile, leather and other apparel products and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Ashima Limited, buy the company report.
Financials of Ashima Limited
FY 2025-26 filings availableAshima Limited reported revenue of ₹12.01 Cr (up 14.6% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12.01 | 10.48 | 89.61 | 207 | 104 | 285 | 336 |
| Revenue growth | +14.6% | -88.3% | - | +99.8% | -63.6% | -15.0% | - |
| EBITDA | (22.41) | (14.69) | 71.92 | (15.10) | (16.92) | (3.74) | (4.45) |
| EBITDA margin | -186.6% | -140.2% | +80.3% | -7.3% | -16.3% | -1.3% | -1.3% |
| Profit before tax | (21.79) | (19.03) | 96.47 | 17.92 | (11.30) | (3.38) | 32.63 |
| Net profit | (21.26) | (17.82) | 96.59 | (17.96) | (11.30) | (6.29) | 1.07 |
| Net profit margin | -177.0% | -170.0% | +107.8% | -8.7% | -10.9% | -2.2% | +0.3% |
| EPS (₹) | (1.06) | (0.99) | 5.03 | 0.93 | (0.60) | (0.64) | 3.51 |
| Balance sheet | |||||||
| Total assets | 441 | 420 | 441 | 244 | 232 | 247 | 255 |
| Net worth | 287 | 307 | 325 | 233 | 216 | 227 | 231 |
| Total debt | 155 | 113 | 116 | 11.09 | 16.18 | 19.17 | 22.84 |
| Cash & bank | 28.10 | 94.96 | 70.24 | 27.12 | 52.80 | 17.27 | 17.09 |
| Net working capital | 211 | 286 | 231 | 98.44 | 84.12 | 83.20 | 92.85 |
| Cash flow | |||||||
| Cash from operations | (40.29) | (19.86) | (38.51) | (26.40) | (8.04) | 3.91 | (25.51) |
| Cash from investing | (41.41) | 29.44 | (3.47) | 37.44 | (7.24) | 13.32 | 55.35 |
| Cash from financing | 33.62 | (9.72) | 86.45 | (5.54) | 13.40 | (19.51) | (23.67) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.98 | 8.33 | 6.86 | 0.78 | 4.01 | 2.77 | 0.81 | 2.17 |
| Revenue growth (YoY) | +273.6% | +200.7% | +746.9% | -64.1% | -24.1% | -64.7% | - | - |
| Other income | 0.87 | 1.75 | 0.18 | 7.00 | 1.54 | 1.13 | 6.16 | 0.91 |
| EBITDA | (22.97) | 2.81 | (6.19) | (7.09) | (7.32) | (1.77) | (1.19) | (10.55) |
| EBITDA margin | -153.3% | +33.7% | -90.2% | -909.0% | -182.5% | -63.9% | -146.9% | -486.2% |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.20 |
| Interest | 2.49 | 2.46 | 2.64 | 2.48 | 2.13 | 1.72 | 1.68 | 1.71 |
| Profit before tax | (24.66) | 2.03 | (8.72) | (2.64) | (7.98) | (2.43) | 3.22 | (11.55) |
| Tax | (4.48) | 0.10 | (1.78) | 0.10 | 0.10 | 0.10 | (0.03) | 0.00 |
| Net profit | (20.18) | 1.93 | (6.94) | (2.74) | (8.08) | (2.53) | 3.25 | (11.55) |
| EPS (₹) | (1.06) | 0.10 | (0.36) | (0.15) | (0.42) | (0.14) | 0.17 | (0.60) |
| 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 | 10.42 | 10.40 | 89.61 | 207 | 208 | 104 | 285 |
| Revenue growth | +0.2% | -88.4% | -56.7% | -0.5% | +100.5% | -63.6% | - |
| EBITDA | (23.89) | (14.31) | 71.92 | (4.95) | (14.39) | (16.92) | (3.75) |
| EBITDA margin | -229.3% | -137.6% | +80.3% | -2.4% | -6.9% | -16.3% | -1.3% |
| Profit before tax | (23.59) | (18.88) | 96.47 | (6.65) | 17.92 | (11.59) | (3.39) |
| Net profit | (22.57) | (17.70) | 96.59 | (8.04) | (17.96) | (11.59) | (6.30) |
| Net profit margin | -216.6% | -170.2% | +107.8% | -3.9% | -8.6% | -11.2% | -2.2% |
| EPS (₹) | (1.13) | (0.99) | 5.03 | (0.35) | 0.93 | (0.61) | (0.64) |
| Balance sheet | |||||||
| Total assets | 440 | 420 | 441 | 253 | 246 | 233 | 248 |
| Net worth | 285 | 308 | 325 | 228 | 234 | 217 | 228 |
| Total debt | 155 | 113 | 116 | 25.09 | 11.09 | 16.18 | 19.17 |
| Cash & bank | 21.45 | 89.31 | 70.24 | 27.20 | 27.12 | 52.80 | 17.27 |
| Net working capital | 204 | 281 | 231 | 92.92 | 99.49 | 85.15 | 83.21 |
| Cash flow | |||||||
| Cash from operations | (40.94) | (19.35) | (38.51) | (23.91) | (26.40) | (8.04) | 3.91 |
| Cash from investing | (41.75) | 23.27 | (3.47) | 16.02 | 37.44 | (7.24) | 13.32 |
| Cash from financing | 33.61 | (9.71) | 86.45 | 13.22 | (5.54) | 13.40 | (19.51) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.38 | 7.74 | 6.33 | 0.39 | 3.66 | 2.44 | 0.74 | 2.17 |
| Revenue growth (YoY) | +292.9% | +217.2% | +755.4% | -82.0% | -30.7% | -68.9% | - | - |
| Other income | 0.77 | 1.67 | 0.10 | 6.92 | 1.46 | 1.06 | 6.09 | 0.83 |
| Total expenses | 38.02 | 5.67 | 13.06 | 7.81 | 11.30 | 4.52 | 1.83 | 12.61 |
| EBITDA | (23.64) | 2.07 | (6.73) | (7.42) | (7.64) | (2.08) | (1.09) | (10.44) |
| EBITDA margin | -164.4% | +26.7% | -106.3% | -1902.6% | -208.7% | -85.2% | -147.3% | -481.1% |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.20 |
| Interest | 2.48 | 2.46 | 2.64 | 2.48 | 2.13 | 1.72 | 1.68 | 1.71 |
| Profit before tax | (25.42) | 1.21 | (9.34) | (3.05) | (8.38) | (2.81) | 3.25 | (11.52) |
| Tax | (4.67) | (0.12) | (1.94) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.98 | 8.33 | 6.86 | 0.78 | 4.01 | 2.77 | 0.81 | 2.17 |
| Revenue growth (YoY) | +273.6% | +200.7% | +746.9% | -64.1% | -24.1% | -64.7% | - | - |
| Other income | 0.87 | 1.75 | 0.18 | 7.00 | 1.54 | 1.13 | 6.16 | 0.91 |
| EBITDA | (22.97) | 2.81 | (6.19) | (7.09) | (7.32) | (1.77) | (1.19) | (10.55) |
| EBITDA margin | -153.3% | +33.7% | -90.2% | -909.0% | -182.5% | -63.9% | -146.9% | -486.2% |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.20 |
| Interest | 2.49 | 2.46 | 2.64 | 2.48 | 2.13 | 1.72 | 1.68 | 1.71 |
| Profit before tax | (24.66) | 2.03 | (8.72) | (2.64) | (7.98) | (2.43) | 3.22 | (11.55) |
| Tax | (4.48) | 0.10 | (1.78) | 0.10 | 0.10 | 0.10 | (0.03) | 0.00 |
| Net profit | (20.18) | 1.93 | (6.94) | (2.74) | (8.08) | (2.53) | 3.25 | (11.55) |
| EPS (₹) | (1.06) | 0.10 | (0.36) | (0.15) | (0.42) | (0.14) | 0.17 | (0.60) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 12.01 | 10.48 | 89.61 | 207 | 104 | 285 | 336 |
| Revenue growth | +14.6% | -88.3% | - | +99.8% | -63.6% | -15.0% | - |
| Other income | 9.86 | 3.12 | 28.98 | 38.42 | 10.95 | 7.76 | 50.57 |
| Total expenses | 34.42 | 25.17 | 17.69 | 222 | 121 | 289 | 340 |
| Employee cost | 7.83 | 2.81 | 4.60 | 29.02 | 20.33 | 44.91 | 52.25 |
| EBITDA | (22.41) | (14.69) | 71.92 | (15.10) | (16.92) | (3.74) | (4.45) |
| EBITDA margin | -186.6% | -140.2% | +80.3% | -7.3% | -16.3% | -1.3% | -1.3% |
| Depreciation | 0.28 | 0.66 | 0.78 | 3.11 | 3.35 | 5.37 | 5.55 |
| Interest | 8.96 | 6.80 | 3.65 | 2.29 | 1.98 | 2.03 | 7.94 |
| Profit before tax | (21.79) | (19.03) | 96.47 | 17.92 | (11.30) | (3.38) | 32.63 |
| Tax | (1.49) | (0.03) | 0.06 | 0.00 | 0.17 | 0.00 | 0.00 |
| Net profit | (21.26) | (17.82) | 96.59 | (17.96) | (11.30) | (6.29) | 1.07 |
| Net profit margin | -177.0% | -170.0% | +107.8% | -8.7% | -10.9% | -2.2% | +0.3% |
| EPS (₹) | (1.06) | (0.99) | 5.03 | 0.93 | (0.60) | (0.64) | 3.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 201 | 201 | 200 | 199 | 198 | 198 | 98.58 |
| Reserves & surplus | 85.25 | 107 | 125 | 34.54 | 17.53 | 29.24 | 132 |
| Shareholders' funds (net worth) | 287 | 307 | 325 | 233 | 216 | 227 | 231 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 147 | 105 | 95.14 | 3.59 | 8.09 | 11.67 | 15.00 |
| Unsecured loans | 7.50 | 7.50 | 20.52 | 7.50 | 8.09 | 7.50 | 7.84 |
| Total debt | 155 | 113 | 116 | 11.09 | 16.18 | 19.17 | 22.84 |
| Total liabilities | 441 | 420 | 441 | 244 | 232 | 247 | 255 |
| Assets | |||||||
| Gross block | 54.06 | 64.77 | 257 | 239 | 316 | 320 | 314 |
| Net block | 42.33 | 46.55 | 131 | 117 | 134 | 139 | 137 |
| Capital work in progress | 0.00 | 0.00 | 7.28 | 8.07 | 0.71 | 0.69 | 0.32 |
| Investments | 137 | 31.11 | 30.63 | 12.60 | 3.00 | 14.95 | 13.45 |
| Inventories | 290 | 201 | 187 | 76.84 | 36.80 | 58.38 | 73.33 |
| Sundry debtors | 2.13 | 3.94 | 37.23 | 22.15 | 14.17 | 16.48 | 24.88 |
| Cash & bank balances | 28.10 | 94.96 | 70.24 | 27.12 | 52.80 | 17.27 | 17.09 |
| Loans & advances | 6.74 | 68.16 | 27.77 | 45.48 | 17.40 | 40.37 | 42.23 |
| Total current assets | 327 | 368 | 322 | 172 | 121 | 132 | 158 |
| Total current liabilities | 116 | 82.00 | 91.84 | 73.15 | 37.05 | 49.30 | 64.68 |
| Net working capital | 211 | 286 | 231 | 98.44 | 84.12 | 83.20 | 92.85 |
| Total assets | 441 | 420 | 441 | 244 | 232 | 247 | 255 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 64.33 | 64.47 | 20.00 | 9.17 | 11.05 | 13.33 | 7.16 |
| Net cash from operating activities | (40.29) | (19.86) | (38.51) | (26.40) | (8.04) | 3.91 | (25.51) |
| Net cash from investing activities | (41.41) | 29.44 | (3.47) | 37.44 | (7.24) | 13.32 | 55.35 |
| Net cash from financing activities | 33.62 | (9.72) | 86.45 | (5.54) | 13.40 | (19.51) | (23.67) |
| Net change in cash | (48.08) | (0.14) | 44.47 | 5.50 | (1.88) | (2.28) | 6.17 |
| Closing cash | 28.10 | 94.96 | 70.24 | 27.12 | 52.80 | 17.27 | 17.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.6% | -88.3% | - | +99.8% | -63.6% | -15.0% | - |
| EBITDA growth | -52.6% | -120.4% | - | +10.8% | -352.4% | +16.0% | - |
| PBT growth | -14.5% | - | +438.3% | +9998.0% | -234.3% | - | +9997.0% |
| Net income growth | -19.3% | -118.5% | - | -58.9% | -79.7% | -687.9% | - |
| Revenue CAGR (3Y) | -61.3% | -53.4% | -32.0% | -14.9% | - | - | - |
| EBITDA CAGR (3Y) | +14.1% | -4.6% | - | +50.3% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -169.0% | -181.3% | +107.6% | +8.6% | -11.1% | -1.2% | +9.7% |
| Return on capital employed | +0.4% | +1.8% | +16.5% | -3.3% | +2.0% | -0.9% | +1.3% |
| Return on net worth | -7.4% | -5.8% | +30.5% | -8.3% | -7.8% | -1.6% | +0.2% |
| Debt / equity | 0.45 | 0.36 | 0.36 | 0.06 | 0.08 | 0.09 | 0.10 |
| Long-term debt / equity | 0.45 | 0.34 | 0.32 | 0.04 | 0.09 | 0.11 | 0.08 |
| Interest cover | -39.49 | -44.30 | 5.13 | -12.58 | -9.77 | -22.28 | -79.40 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.20 | 0.07 | 0.35 | 0.75 | 0.33 | 0.90 | 1.07 |
| Inventory turnover | 0.05 | 0.05 | 0.48 | 3.65 | 2.18 | 4.33 | 4.58 |
| Debtors turnover | 3.96 | 0.51 | 2.41 | 11.42 | 6.77 | 13.80 | 13.50 |
| EPS (₹) | (1.06) | (0.99) | 5.03 | 0.93 | (0.60) | (0.64) | 3.51 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 14.45 | 15.58 | 16.53 | 11.80 | 10.91 | 15.50 | 24.24 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.38 | 7.74 | 6.33 | 0.39 | 3.66 | 2.44 | 0.74 | 2.17 |
| Revenue growth (YoY) | +292.9% | +217.2% | +755.4% | -82.0% | -30.7% | -68.9% | - | - |
| Other income | 0.77 | 1.67 | 0.10 | 6.92 | 1.46 | 1.06 | 6.09 | 0.83 |
| Total expenses | 38.02 | 5.67 | 13.06 | 7.81 | 11.30 | 4.52 | 1.83 | 12.61 |
| EBITDA | (23.64) | 2.07 | (6.73) | (7.42) | (7.64) | (2.08) | (1.09) | (10.44) |
| EBITDA margin | -164.4% | +26.7% | -106.3% | -1902.6% | -208.7% | -85.2% | -147.3% | -481.1% |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.20 |
| Interest | 2.48 | 2.46 | 2.64 | 2.48 | 2.13 | 1.72 | 1.68 | 1.71 |
| Profit before tax | (25.42) | 1.21 | (9.34) | (3.05) | (8.38) | (2.81) | 3.25 | (11.52) |
| Tax | (4.67) | (0.12) | (1.94) | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 10.42 | 10.40 | 89.61 | 207 | 208 | 104 | 285 |
| Revenue growth | +0.2% | -88.4% | -56.7% | -0.5% | +100.5% | -63.6% | - |
| Other income | 9.54 | 2.89 | 28.98 | 4.68 | 37.71 | 10.66 | 7.76 |
| Total expenses | 34.31 | 24.71 | 17.69 | 212 | 222 | 121 | 289 |
| Employee cost | 7.57 | 2.66 | 4.60 | 31.56 | 29.02 | 20.33 | 44.91 |
| EBITDA | (23.89) | (14.31) | 71.92 | (4.95) | (14.39) | (16.92) | (3.75) |
| EBITDA margin | -229.3% | -137.6% | +80.3% | -2.4% | -6.9% | -16.3% | -1.3% |
| Depreciation | 0.28 | 0.66 | 0.78 | 4.13 | 3.11 | 3.35 | 5.37 |
| Interest | 8.96 | 6.80 | 3.65 | 2.25 | 2.29 | 1.98 | 2.03 |
| Profit before tax | (23.59) | (18.88) | 96.47 | (6.65) | 17.92 | (11.59) | (3.39) |
| Tax | (1.95) | 0.00 | 0.06 | 0.00 | 0.00 | 0.17 | 0.00 |
| Net profit | (22.57) | (17.70) | 96.59 | (8.04) | (17.96) | (11.59) | (6.30) |
| Net profit margin | -216.6% | -170.2% | +107.8% | -3.9% | -8.6% | -11.2% | -2.2% |
| EPS (₹) | (1.13) | (0.99) | 5.03 | (0.35) | 0.93 | (0.61) | (0.64) |
| 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 | 201 | 201 | 200 | 199 | 199 | 198 | 198 |
| Reserves & surplus | 84.03 | 107 | 125 | 28.62 | 35.58 | 18.56 | 30.57 |
| Shareholders' funds (net worth) | 285 | 308 | 325 | 228 | 234 | 217 | 228 |
| Secured loans | 147 | 105 | 95.14 | 17.59 | 3.59 | 8.09 | 11.67 |
| Unsecured loans | 7.50 | 7.50 | 20.52 | 7.50 | 7.50 | 8.09 | 7.50 |
| Total debt | 155 | 113 | 116 | 25.09 | 11.09 | 16.18 | 19.17 |
| Total liabilities | 440 | 420 | 441 | 253 | 246 | 233 | 248 |
| Assets | |||||||
| Gross block | 54.03 | 64.73 | 257 | 260 | 239 | 316 | 320 |
| Net block | 42.30 | 46.52 | 131 | 134 | 117 | 134 | 139 |
| Capital work in progress | 0.00 | 0.00 | 7.28 | 4.13 | 8.07 | 0.71 | 0.69 |
| Investments | 143 | 37.11 | 30.63 | 15.15 | 12.60 | 3.00 | 16.28 |
| Inventories | 290 | 201 | 187 | 79.86 | 76.84 | 36.80 | 58.38 |
| Sundry debtors | 1.59 | 3.85 | 37.23 | 14.53 | 22.15 | 14.17 | 16.48 |
| Cash & bank balances | 21.45 | 89.31 | 70.24 | 27.20 | 27.12 | 52.80 | 17.27 |
| Loans & advances | 6.72 | 68.09 | 27.77 | 38.41 | 46.52 | 18.44 | 40.38 |
| Total current assets | 320 | 363 | 322 | 160 | 173 | 122 | 133 |
| Total current liabilities | 116 | 81.99 | 91.84 | 67.08 | 73.14 | 37.06 | 49.30 |
| Net working capital | 204 | 281 | 231 | 92.92 | 99.49 | 85.15 | 83.21 |
| Total assets | 440 | 420 | 441 | 253 | 246 | 233 | 248 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 58.68 | 64.47 | 20.00 | 14.67 | 9.17 | 11.05 | 13.33 |
| Net cash from operating activities | (40.94) | (19.35) | (38.51) | (23.91) | (26.40) | (8.04) | 3.91 |
| Net cash from investing activities | (41.75) | 23.27 | (3.47) | 16.02 | 37.44 | (7.24) | 13.32 |
| Net cash from financing activities | 33.61 | (9.71) | 86.45 | 13.22 | (5.54) | 13.40 | (19.51) |
| Net change in cash | (49.08) | (5.79) | 44.47 | 5.33 | 5.50 | (1.88) | (2.28) |
| Closing cash | 21.45 | 89.31 | 70.24 | 27.20 | 27.12 | 52.80 | 17.27 |
| 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 | +0.2% | -88.4% | -56.7% | -0.5% | +100.5% | -63.6% | - |
| EBITDA growth | -67.0% | -119.9% | +1552.9% | +65.6% | +15.0% | -351.2% | - |
| PBT growth | -25.0% | - | +9998.0% | - | +9998.0% | -241.9% | - |
| Net income growth | -27.5% | -118.3% | +1301.4% | +55.2% | -55.0% | -84.0% | - |
| Revenue CAGR (3Y) | -63.1% | -63.2% | -4.8% | -10.2% | -14.8% | -23.3% | +14.0% |
| EBITDA CAGR (3Y) | +69.0% | -0.2% | - | +9.7% | +49.6% | +14.3% | -33.6% |
| Profitability & leverage | |||||||
| Net income margin | -207.7% | -181.5% | +107.6% | -3.2% | +8.6% | -11.3% | -1.2% |
| Return on capital employed | +0.0% | +1.8% | +21.0% | -2.7% | -3.2% | +1.9% | -0.9% |
| Return on net worth | -7.9% | -5.8% | +36.0% | -3.6% | -8.2% | -7.9% | -1.6% |
| Debt / equity | 0.45 | 0.36 | 0.25 | 0.08 | 0.06 | 0.08 | 0.09 |
| Long-term debt / equity | 0.45 | 0.34 | 0.23 | 0.07 | 0.04 | 0.09 | 0.11 |
| Interest cover | -37.07 | -45.42 | 5.13 | -24.78 | -13.09 | -9.77 | -22.26 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.18 | 0.06 | 0.35 | 0.83 | 0.75 | 0.33 | 0.90 |
| Inventory turnover | 0.04 | 0.05 | 0.67 | 2.64 | 3.66 | 2.18 | 4.33 |
| Debtors turnover | 3.83 | 0.51 | 3.46 | 11.29 | 11.46 | 6.77 | 13.80 |
| EPS (₹) | (1.13) | (0.99) | 5.03 | (0.35) | 0.93 | (0.61) | (0.64) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 14.38 | 15.58 | 16.53 | 11.49 | 11.86 | 10.97 | 15.75 |
To see the full year-wise statements and ratios of Ashima Limited, buy the company report.
Board of directors of Ashima Limited
Ashima has 7 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Golas Also directs: Lyka Labs Limited, Lyka Exports Limited | Director | 12 Aug 2016 | 10 Years 2 Months | Current |
| Krishnachintan Chintan Parikh Also directs: Sukrut Enterprises LLP, Ashima Capital Management Limited, Saumya Construction Private Limited and 3 more | Whole-Time Director | 05 Jun 2021 | 5 Years 4 Months | Current |
| Koushlya Vijay Melwani | Director | 15 Dec 2014 | 11 Years 10 Months | Current |
| Chintan Navnitlal Parikh | Managing Director | 17 Jun 1982 | 44 Years 4 Months | Current |
| Nilesh Bansilal Mehta | Director | 25 May 2024 | 2 Years 5 Months | Current |
| Uttara Chintan Parikh Also directs: Saumya Construction Private Limited, Ypo (Gujarat) | Additional Director | 01 Jul 2026 | 0 Years 4 Months | Current |
Auditor
Ashima Limited is audited by MUKESH M. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKESH M. SHAH & CO. | FY 2023 | 106625W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.50%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.50% | 73.50% | 73.50% | 73.50% |
| Public | 26.50% | 26.50% | 26.50% | 26.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2025 | 101151798 | Others | ₹120 Cr | Open | |
| 24 May 2024 | 100931233 | Others | ₹20 Cr | Open | |
| 14 Sep 2023 | 100796109 | Others | ₹40 Cr | Open | |
| 11 Feb 2025 | 101068992 | Others | ₹50 Cr | Satisfied | |
| 11 Jan 2024 | 100845934 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Ashima Limited, buy the company report.
Total charge records: 51 View all charges
Deals & funding
Ashima Limited has 39 deals on record (39 market trades); the latest was in May 2024.
Deals on record (5 of 39)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Market trade | ₹3.6 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| May 2024 | Market trade | ₹3.84 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Feb 2024 | Market trade | ₹2.6 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2021 | Market trade | ₹3.36 Cr | Seller: Asset Reconstruction Company (India) Limited |
| Jan 2021 | Market trade | ₹5.2 Cr | Buyer: an individual Seller: Asset Reconstruction Company (India) Limited |
To see the full deal history of Ashima 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
Ashima Limited has 315 court cases on record: 108 filed by Ashima, 207 filed against it. 66 cases are pending and 249 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 225 | 166 | 62 |
| High courts | 85 | 39 | 4 |
| Supreme Court | 5 | 2 | 0 |
Cases on record (5 of 315)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against HDFC Bank Limited | Pending |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed by the company against Ahmedabad Mega Clean Association THR. the Secretary C/O Gescsl, Plot No. 244-251, Phass-Ii, Gidc Vatva ,Ahmedabad , Gujarat and 7 others | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company against O.L. of Nachmo Knitex Ltd. (in Liqn) and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against HDFC Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CRCMP-LC) | Filed against the company by an individual | Pending |
To see the full case history of Ashima 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
Ashima Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 48 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mutha Labels Corporation | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ashima Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ashima Limited has a workforce of 560 employees on its EPFO records as of Apr 10, 2024, across 4 active EPFO establishments.
GST
Ashima has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCA2750L1ZU | Gujarat | Active | 01 Jul 2017 |
| 24AACCA2750L2ZT | Gujarat | Active | 18 Apr 2022 |
To see the full GST registrations and return filing status of Ashima Limited, buy the company report.
Recent activity
Ashima Limited has 37 board changes on record since 1982: 23 appointments and 14 cessations. The latest: Uttara Chintan Parikh was appointed as Additional Director on 01 Jul 2026.
156 earlier events are in the company report.
News
Frequently asked questions
Ashima is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 June 1982 (44+ years old) and is registered under CIN L99999GJ1982PLC005253. Listed on BSE: 514286 and NSE: ASHIMASYN.
Ashima reported revenue of ₹12.01 Cr for FY 2025-26 (up 14.6% YoY) based on consolidated financials.
Ashima has 7 current directors:
- Chintan Navnitlal Parikh - Managing Director
- Krishnachintan Chintan Parikh - Whole-Time Director
- Neeraj Golas - Director
- Koushlya Vijay Melwani - Director
- Nilesh Bansilal Mehta - Director
- Uttara Chintan Parikh - Additional Director
- Malay Jayendra Dalal - Director
The latest financial statements of Ashima on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashima is 24AACCA2750L1ZU, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AACCA2750L2ZT (Gujarat).
The CIN (Corporate Identification Number) of Ashima is L99999GJ1982PLC005253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ashima is a listed company as per MCA records. Its shares are listed on both BSE (code: 514286) and NSE (symbol: ASHIMASYN).
Ashima has 315 court cases on record: 108 filed by the company and 207 filed against it. 66 are pending. Most are in the district courts.
Ashima was incorporated on 17 June 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashima has 39 deals on record (39 market trades); the latest was in May 2024.
Uttara Chintan Parikh was appointed as Additional Director on 01 Jul 2026. Malay Jayendra Dalal was appointed as Director on 01 May 2026. Shrikant Sachchidanand Pareek ceased to be Whole-Time Director on 31 Mar 2025. Ashima has 37 board changes on record in total.

