Ashapuri Gold

What does Ashapuri Gold do?

Ashapuri Gold Ornament Ltd is a micro-cap company in the gems and jewellery industry, with net sales of 84 Cr and a net profit of 1 Cr as of March 2025. It was incorporated in 2008 and became a public company in 2019, currently having a market cap of Rs 224 Cr.

Overview:<BR>Ashapuri Gold Ornament Ltd operates in the gems, jewellery, and watches industry and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated as a Private Limited Company on June 17, 2008, under the name "Ashapuri Gold Ornament Private Limited." It later converted to a Public Limited Company, changing its name to "Ashapuri Gold Ornament Limited" on January 23, 2019. The latest reported quarterly results indicate net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 84 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 224 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 18.00<BR>- Industry P/E: 70<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.06<BR>- Return on Equity: 8.50%<BR>- Price to Book: 1.57<BR><BR>Contact Details:<BR>No Company Details Available. Registrar Address: Not available.

Has Ashapuri Gold declared dividend?

No Dividend History Available

Is Ashapuri Gold overvalued or undervalued?

As of May 19, 2025, Ashapuri Gold Ornament Ltd. is considered very attractive for investment due to its undervaluation, strong growth potential indicated by a PE ratio of 18.52 and a PEG ratio of 0.47, despite a recent one-year decline of 36.6%.

As of 19 May 2025, the valuation grade for Ashapuri Gold Ornament Ltd. has moved from attractive to very attractive. The company is currently undervalued based on its financial metrics. Key ratios include a PE ratio of 18.52, an EV to EBITDA of 14.95, and a PEG ratio of 0.47, indicating strong growth potential relative to its price.<BR><BR>In comparison to its peers, Ashapuri Gold's PE ratio aligns closely with the industry average, while its EV to EBITDA is competitive, suggesting it is well-positioned in the market. Notably, Ashapuri Gold has outperformed the Sensex over a three-year period, with a return of 57.97% compared to the Sensex's 49.10%. However, the recent one-year performance shows a decline of 36.6%, which may be a concern for investors. Overall, the current valuation presents a favorable opportunity for investment.

What is the technical trend for Ashapuri Gold?

As of May 15, 2025, Ashapuri Gold's technical trend is mildly bearish, influenced by conflicting MACD signals and bearish moving averages, despite some bullish indicators on the weekly and monthly charts.

As of 15 May 2025, the technical trend for Ashapuri Gold has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The RSI shows no signal on the weekly chart but is bullish on the monthly. Bollinger Bands are bearish on both weekly and monthly time frames. Daily moving averages are bearish, and the KST is mildly bullish weekly but bearish monthly. Dow Theory shows no trend in both weekly and monthly perspectives. Overall, the current technical stance is mildly bearish, driven primarily by the conflicting signals from the MACD and the bearish moving averages.

Who are the peers of the Ashapuri Gold?

Ashapuri Gold's peers include Mini Diamonds(I), Manbro Indust., Uday Jewellery, Ceenik Exports, Ausom Enter., AKI India, Golkunda Diamond, Pushpa Jewellers, Goldkart Jewels, and Moksh Ornaments. In terms of performance, Mini Diamonds(I) leads with a 1-year return of 104.10%, while Ashapuri Gold has a return of -18.87%.

Peers: The peers of Ashapuri Gold are Mini Diamonds(I), Manbro Indust., Uday Jewellery, Ceenik Exports, Ausom Enter., AKI India, Golkunda Diamond, Pushpa Jewellers, Goldkart Jewels, and Moksh Ornaments.<BR><BR>Quality Snapshot: Excellent management risk is observed at Ashapuri Gold and Golkunda Diamond, while Average management risk is found at Manbro Indust., Uday Jewellery, Ausom Enter., and AKI India. Below Average management risk is noted at Mini Diamonds(I), Goldkart Jewels, and the rest. Excellent growth is seen at Ashapuri Gold and Mini Diamonds(I), while Average growth is found at Golkunda Diamond and the rest. Below Average growth is noted at Manbro Indust., Uday Jewellery, Ausom Enter., AKI India, and Goldkart Jewels. Capital Structure is Excellent at Ashapuri Gold, Good at Uday Jewellery, and Below Average at Mini Diamonds(I), Manbro Indust., Ausom Enter., AKI India, Golkunda Diamond, and Goldkart Jewels.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Mini Diamonds(I) at 104.10%, while the peer with the lowest is Manbro Indust. at -38.04%. Ashapuri Gold's 1-year return is -18.87%, which is higher than Manbro Indust. but lower than Mini Diamonds(I). Additionally, Ceenik Exports, Ausom Enter., AKI India, Golkunda Diamond, and the rest have negative six-month returns.

Who are in the management team of Ashapuri Gold?

As of March 2021, the management team of Ashapuri Gold includes Saremal Soni (Chairman & Managing Director), Dinesh Soni (Managing Director), Jitendra Soni (Joint Managing Director), and several independent directors: Mukeshkumar Mandaliya, Rushikesh Patel, Alka Kamdar, Saurabh Patel, and Pooja Jadiya (Additional Director). Each member contributes to the company's governance and leadership.

As of March 2021, the management team of Ashapuri Gold includes the following members:<BR><BR>1. Saremal Soni - Chairman & Managing Director<BR>2. Dinesh Soni - Managing Director<BR>3. Jitendra Soni - Joint Managing Director<BR>4. Mukeshkumar Shantilal Mandaliya - Independent Director<BR>5. Rushikesh Patel - Independent Director<BR>6. Alka Kamdar - Independent Director<BR>7. Saurabh Govindbhai Patel - Additional Independent Director<BR>8. Pooja Subhashbhai Jadiya - Additional Director<BR><BR>Each member plays a distinct role in the governance and operational leadership of the company.

Who are the top shareholders of the Ashapuri Gold?

The top shareholders of Ashapuri Gold are primarily individual investors, holding 47.51% of shares, with Soni Saremal Champalal being the largest promoter at 9.66%. There are no significant institutional holdings or pledged promoter shares.

The top shareholders of Ashapuri Gold primarily consist of individual investors, who hold 47.51% of the company's shares. The promoter with the highest holding is Soni Saremal Champalal, who owns 9.66% of the shares. There are no significant institutional holdings, as mutual funds and foreign institutional investors do not hold any shares in the company. Additionally, there are no pledged promoter holdings.

How big is Ashapuri Gold?

As of 24th July, Ashapuri Gold Ornament Ltd has a market capitalization of 215.00 Cr, with recent net sales of 316.30 Cr and a net profit of 12.11 Cr. The balance sheet for March 2024 shows shareholder's funds of 89.95 Cr and total assets of 95.39 Cr.

As of 24th July, Ashapuri Gold Ornament Ltd has a market capitalization of 215.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Ashapuri Gold reported Net Sales of 316.30 Cr and a Net Profit of 12.11 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 89.95 Cr and Total Assets of 95.39 Cr.

How has been the historical performance of Ashapuri Gold?

Ashapuri Gold experienced significant growth in net sales and profitability from March 2024 to March 2025, with net sales rising from 165.07 crore to 316.30 crore and profit after tax increasing from 7.67 crore to 12.04 crore. However, rising raw material costs and negative cash flow from operating activities indicate challenges in cash management.

Answer:<BR>The historical performance of Ashapuri Gold shows significant growth in net sales and profit over the years, particularly from March 2024 to March 2025.<BR><BR>Breakdown:<BR>Ashapuri Gold's net sales increased dramatically from 165.07 crore in March 2024 to 316.30 crore in March 2025, marking a substantial growth trend. Total operating income followed a similar trajectory, rising from 165.07 crore to 316.30 crore during the same period. However, raw material costs surged to 337.13 crore in March 2025, up from 136.69 crore in March 2024, indicating rising input costs. Despite this, the operating profit (PBDIT) improved from 11.66 crore in March 2024 to 17.23 crore in March 2025, reflecting better operational efficiency. Profit before tax also rose from 10.28 crore to 16.12 crore, while profit after tax increased from 7.67 crore to 12.04 crore, demonstrating a positive trend in profitability. The company's total assets grew from 95.39 crore in March 2024 to 152.75 crore in March 2025, alongside an increase in shareholder's funds from 89.95 crore to 146.67 crore. However, total debt decreased from 1.82 crore to 0.53 crore, indicating improved financial stability. Cash flow from operating activities showed a negative trend, with a cash outflow of 35 crore in March 2025, contrasting with a positive inflow of 4 crore in March 2024. Overall, Ashapuri Gold's performance reflects a strong growth trajectory in sales and profitability, despite challenges in cash flow management.

How has been the historical performance of Ashapuri Gold?

Ashapuri Gold experienced significant growth in net sales and profits from March 2024 to March 2025, with net sales rising from 165.07 crore to 316.30 crore and profit after tax increasing from 7.67 crore to 12.04 crore. However, rising raw material costs and negative cash flow from operating activities present challenges.

Answer:<BR>The historical performance of Ashapuri Gold shows significant growth in net sales and profit over the years, particularly from March 2024 to March 2025.<BR><BR>Breakdown:<BR>Ashapuri Gold's net sales increased dramatically from 165.07 crore in March 2024 to 316.30 crore in March 2025, marking a substantial growth trend. Total operating income followed a similar pattern, rising from 165.07 crore to 316.30 crore during the same period. However, raw material costs surged to 337.13 crore in March 2025, up from 136.69 crore in March 2024, indicating increased expenditure. Despite this, the operating profit (PBDIT) improved from 11.66 crore in March 2024 to 17.23 crore in March 2025, reflecting a positive operating profit margin of 5.1%. Profit before tax also rose significantly from 10.28 crore to 16.12 crore, leading to a profit after tax of 12.04 crore in March 2025, compared to 7.67 crore in the previous year. The company's total assets increased from 95.39 crore in March 2024 to 152.75 crore in March 2025, while total liabilities also rose from 95.39 crore to 152.75 crore. Cash flow from operating activities showed a negative trend, with a cash outflow of 35 crore in March 2025, contrasting with a positive inflow of 4 crore in March 2024. Overall, Ashapuri Gold's financial performance indicates a robust growth trajectory in sales and profits, despite rising costs and cash flow challenges.

When is the next results date for Ashapuri Gold Ornament Ltd?

The next results date for Ashapuri Gold Ornament Ltd is 10 February 2026.

The next results date for Ashapuri Gold Ornament Ltd is scheduled for 10 February 2026.

Are Ashapuri Gold Ornament Ltd latest results good or bad?

Ashapuri Gold Ornament Ltd's latest results show strong growth in Q2 FY26 with a 93.39% increase in net sales and a 167.19% rise in net profit, but the following quarter saw declines of 10.90% in sales and 34.24% in profit, raising concerns about sustainability. Additionally, low return on equity and negative cash flows suggest caution for potential investors.

The latest results for Ashapuri Gold Ornament Ltd show a mixed picture. On one hand, the company reported impressive growth in net sales and net profit for Q2 FY26, with net sales reaching ₹102.40 crores, a 93.39% increase quarter-on-quarter, and net profit rising to ₹8.47 crores, up 167.19% QoQ. This performance reflects strong festive season demand and improved operational efficiency.<BR><BR>However, the subsequent quarter, December 2025, indicates a downturn, with net sales declining by 10.90% and net profit dropping by 34.24% compared to the previous quarter. This volatility raises concerns about the sustainability of the company's growth and profitability.<BR><BR>Additionally, despite the recent topline growth, Ashapuri Gold's average return on equity remains low at 5.37%, which is significantly below the expected threshold for quality investments. The absence of institutional interest and persistent negative operating cash flows further complicate the investment outlook.<BR><BR>In summary, while the recent quarterly results showed strong growth, the subsequent decline and underlying financial challenges suggest caution. The company's performance is characterized by volatility, and potential investors may want to consider these factors before making decisions.

Should I buy, sell or hold Ashapuri Gold Ornament Ltd?

Which are the latest news on Ashapuri Gold?

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 17-Mar, Ashapuri Gold Ornament Ltd's stock price is Rs. 4.00, down 1.48%, with a significant decline of 29.95% year-to-date and 42.03% over the past year. The stock is underperforming its sector and has hit a new 52-week low, indicating a bearish trend despite increased investor participation.

As of 17-Mar, Ashapuri Gold Ornament Ltd's stock price is falling, currently at Rs. 4.00, which reflects a decrease of Rs. 0.06 or 1.48%. The stock has been on a downward trend, having lost 10.71% over the past week and 21.41% over the past month. Year-to-date, the stock has declined by 29.95%, and over the past year, it has fallen by 42.03%, contrasting sharply with the Sensex, which has gained 2.56% in the same period.<BR><BR>Today, the stock hit a new 52-week low of Rs. 3.93, indicating a significant decline in value. It has underperformed its sector by 1.49% today and has experienced consecutive losses for the last five days. Additionally, Ashapuri Gold is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a bearish trend.<BR><BR>Despite a rise in investor participation, with a delivery volume increase of 21.51% against the 5-day average, the overall performance remains negative. The liquidity of the stock is sufficient for trading, but the persistent decline in price suggests that investor sentiment is currently unfavorable.

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 18-Mar, Ashapuri Gold Ornament Ltd's stock price is Rs. 4.00, unchanged from the previous session, but it has declined significantly by 29.95% year-to-date and 42.53% over the past year. The stock is trading below all moving averages and has hit a new 52-week low, indicating weak investor confidence and ongoing bearish sentiment.

As of 18-Mar, Ashapuri Gold Ornament Ltd's stock price is currently at Rs. 4.00, showing no change from the previous trading session. However, the stock has experienced significant declines over various periods, with a year-to-date drop of 29.95% and a one-year decline of 42.53%. This underperformance is starkly contrasted by the Sensex, which has increased by 1.86% over the same one-year period.<BR><BR>The stock hit a new 52-week low of Rs. 3.77 today, indicating ongoing bearish sentiment among investors. Performance metrics reveal that Ashapuri Gold has underperformed its sector by 1.44% today and is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a lack of upward momentum and investor confidence.<BR><BR>Despite some positive financial indicators, such as a low debt-to-equity ratio and growth in profits, the company's overall management efficiency is questioned due to a low return on equity (ROE) of 5.37%. This low profitability per unit of shareholders' funds contributes to the stock's declining value. Additionally, the stock has consistently underperformed against benchmarks over the last three years, further discouraging investment.<BR><BR>While there has been a slight increase in investor participation, as evidenced by a 5.13% rise in delivery volume, it is not enough to counterbalance the negative trends reflected in the stock's performance and valuation metrics. Therefore, the combination of poor historical performance, low management efficiency, and current trading conditions are key factors contributing to the decline in Ashapuri Gold Ornament Ltd's stock price.

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 19-Mar, Ashapuri Gold Ornament Ltd's stock price is rising to 3.97, indicating a potential shift in market sentiment after a period of decline. Despite a year-to-date drop of 30.47%, recent positive trading activity and strong financial performance have contributed to the current increase.

As of 19-Mar, Ashapuri Gold Ornament Ltd's stock price is rising, currently at 3.97, with a change of 0.05 (1.28%) upward. This increase follows a trend reversal after six consecutive days of decline, indicating a potential shift in market sentiment. Additionally, the stock has outperformed its sector by 3.79% today, suggesting a relative strength compared to its peers.<BR><BR>Despite the recent rise, the stock has shown significant underperformance over longer periods, with a year-to-date decline of 30.47% and a one-year drop of 43.53%. However, positive factors contributing to the current rise include a notable increase in investor participation, with delivery volume rising by 40.96% against the five-day average. Furthermore, the company has demonstrated strong financial performance in recent quarters, with a 36.8% growth in profit before tax and a 26.5% increase in profit after tax compared to previous averages.<BR><BR>While the stock is currently trading below its moving averages, the attractive valuation metrics, such as a low Price to Book Value of 0.8 and a PEG ratio of 0.3, indicate that it may be undervalued compared to its peers. However, the company also faces challenges, including poor management efficiency reflected in a low return on equity of 5.37% and consistent underperformance against benchmarks over the past three years. Overall, the recent rise in stock price appears to be driven by a combination of short-term positive trading activity and improving financial results, despite the longer-term challenges the company faces.

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 20-Mar, Ashapuri Gold Ornament Ltd's stock price is at 4.00, showing a recent increase but a significant year-to-date decline of 29.95%. The stock's performance is weak overall, indicated by trading below moving averages and decreased investor participation.

As of 20-Mar, Ashapuri Gold Ornament Ltd's stock price is currently at 4.00, reflecting a change of 0.03 (0.76%) increase. This rise comes after the stock has gained for the last two days, resulting in a total return of 2.04% during this period. However, it is important to note that despite this recent uptick, the stock has significantly underperformed over longer periods, with a year-to-date decline of 29.95% and a one-year drop of 43.42%. <BR><BR>Additionally, the stock is trading below its moving averages across various time frames, indicating a generally bearish trend. Investor participation has also decreased, as evidenced by a 27.25% drop in delivery volume compared to the five-day average. This suggests a lack of confidence among investors, which could be contributing to the stock's overall negative performance despite the recent short-term gains. <BR><BR>In summary, while Ashapuri Gold Ornament Ltd is experiencing a slight rise in price recently, the broader context of significant declines over longer periods and reduced investor participation indicates underlying weakness in the stock's performance.

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 23-Mar, Ashapuri Gold Ornament Ltd's stock price is at Rs. 3.65, down 8.98%, and has significantly underperformed with declines across various time frames, including a year-to-date drop of 36.08%. The stock is trading below all key moving averages and has hit a new 52-week low, reflecting reduced investor interest and negative sector sentiment.

As of 23-Mar, Ashapuri Gold Ornament Ltd's stock price is falling, currently at Rs. 3.65, which reflects a decrease of Rs. 0.36 or 8.98%. The stock has underperformed significantly over various time frames, with a 1-week decline of 10.10% and a 1-month decline of 26.26%. Year-to-date, the stock has dropped by 36.08%, and over the past year, it has decreased by 47.78%. <BR><BR>Today, the stock hit a new 52-week low of Rs. 3.45, indicating a continued downward trend. Additionally, the stock has fallen after two consecutive days of gains, suggesting a reversal in momentum. It is also trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), which typically signals weakness in price performance.<BR><BR>Investor participation has decreased, with delivery volume on March 20 falling by 13.3% compared to the 5-day average, indicating reduced interest from investors. Furthermore, the overall sector, specifically the Diamond & Gold Jewellery sector, has experienced a decline of 6.1%, contributing to the negative sentiment surrounding Ashapuri Gold Ornament Ltd. Overall, these factors collectively explain the stock's current decline.

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 24-Mar, Ashapuri Gold Ornament Ltd's stock price is rising to 3.81, up 4.38% today due to strong sector performance and increased investor participation. However, it has underperformed over the past week and month, trading below its moving averages, indicating a potential longer-term downward trend.

As of 24-Mar, Ashapuri Gold Ornament Ltd's stock price is rising, currently at 3.81, with a change of 0.16, which represents an increase of 4.38%. This rise can be attributed to a few key factors. Firstly, the stock has outperformed its sector by 3.03% today, indicating a relatively strong performance compared to its peers. Additionally, there has been a significant increase in investor participation, with a delivery volume of 7.19 lacs on 23 March, which is up by 95.97% compared to the 5-day average delivery volume. <BR><BR>However, it is important to note that despite today's rise, the stock has been underperforming over longer periods, with declines of 4.75% over the past week and 22.56% over the past month. Furthermore, it is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that while there is a short-term rise, the overall trend may still be downward in the longer term.

Why is Ashapuri Gold Ornament Ltd falling/rising?

As of 25-Mar, Ashapuri Gold Ornament Ltd's stock price is rising to 4.03, reflecting a 5.77% increase due to strong financial results and positive sector performance, despite significant declines over the past year. The company's low debt-to-equity ratio and attractive valuation further support the upward movement in its stock price.

As of 25-Mar, Ashapuri Gold Ornament Ltd's stock price is rising, currently at 4.03, with a change of 0.22, representing a 5.77% increase. This rise can be attributed to several factors. The stock has outperformed its sector by 2.16% today and has shown consecutive gains over the last two days, accumulating a total return of 10.41% during this period. Additionally, the broader diamond and gold jewellery sector has seen a gain of 3.59%, which may have positively influenced investor sentiment towards Ashapuri Gold Ornament Ltd.<BR><BR>Despite the recent positive performance, it is important to note that the stock has experienced significant declines over longer periods, including a -40.47% return over the past year and a -29.42% year-to-date decline. However, the company has reported strong financial results, including a 36.8% growth in profit before tax and a 26.5% increase in profit after tax compared to previous quarters, which may contribute to the current upward movement in stock price.<BR><BR>Moreover, the company maintains a low debt-to-equity ratio of 0.04, indicating financial stability, and its attractive valuation with a price-to-book value of 0.8 suggests that the stock is trading at a discount compared to its peers. These factors, combined with the recent positive performance and sector gains, are likely contributing to the rise in Ashapuri Gold Ornament Ltd's stock price.