How has been the historical performance of Ashtasidhhi Ind?

Revenue Growth and Operating Performance

Ashtasidhhi Ind’s net sales have shown a notable upward trend in the latest fiscal year, reaching ₹1.56 crore in March 2025, a substantial increase from ₹0.59 crore in March 2024. This growth follows a gradual rise from ₹0.18 crore in 2019, with intermittent fluctuations in between. Total operating income mirrored this pattern, peaking at ₹1.56 crore in 2025 after a dip in 2024. The company’s reliance on the purchase of finished goods has been significant, accounting for the majority of operating expenses, which rose to ₹1.49 crore in 2025 from ₹0.61 crore the previous year.

Operating profit before other income (PBDIT) excluding other income was positive in most years except for a sharp loss in 2024, where it recorded a negative ₹0.58 crore. The operating profit margin excluding other income also reflected this volatility, plunging to -98.31% in 2024 but recovering to 2.56% in 2025. This indicates a challenging year in 2024, followed by a modest recovery in profitability.

Profitability and Earnings

Profit after tax (PAT) has followed a similar pattern to operating profit, with a peak of ₹0.31 crore in 2020 and a significant loss of ₹0.39 crore in 2024. The PAT margin dropped sharply to -66.1% in 2024 but improved to 1.92% in 2025. Earnings per share (EPS) also reflected this volatility, with a negative EPS of -₹0.52 in 2024, recovering to ₹0.04 in 2025. Despite the fluctuations, the company has maintained a stable equity capital base of ₹7.51 crore throughout the period, with reserves gradually increasing from ₹2.64 crore in 2019 to ₹2.69 crore in 2025.

Balance Sheet and Asset Quality

Ashtasidhhi Ind’s total assets have remained relatively stable, hovering around ₹10.6 crore over the years. The company holds no long-term or short-term borrowings, indicating a debt-free status which reduces financial risk. Non-current investments have been a significant component of the asset base, rising from nil in 2021 to ₹7.19 crore in 2025, suggesting a strategic allocation of resources into long-term holdings. Current assets have also increased steadily, reaching ₹3.45 crore in 2025, supported by rising sundry debtors and inventories.

Cash Flow and Liquidity

Cash flow data indicates limited operating cash inflows, with a notable negative cash flow from operating activities of ₹1 crore in 2024. This was offset by a corresponding positive cash flow from investing activities in the same year, suggesting asset sales or investment realisations. The company has maintained minimal cash and bank balances, reflecting a lean liquidity position. No financing activities were recorded, consistent with the absence of borrowings.

Summary of Historical Performance

Overall, Ashtasidhhi Ind’s historical performance reveals a company navigating through periods of both growth and contraction. The sharp decline in 2024 across revenue and profitability metrics stands out as an anomaly in an otherwise gradually improving trend. The recovery in 2025, though modest, indicates resilience. The company’s debt-free status and stable equity base provide a solid financial foundation, while the increase in non-current investments points to a strategic focus on long-term value creation. However, the low operating margins and fluctuating earnings highlight ongoing challenges in operational efficiency and market conditions.

Investors analysing Ashtasidhhi Ind should weigh the company’s stable balance sheet and recent revenue growth against its historical volatility in profits and cash flows. The absence of debt reduces financial risk, but the modest scale of operations and narrow margins suggest cautious optimism is warranted.

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