{
  "main_header": {
    "sid": 630303,
    "name": "Ashika Credit",
    "stock_name": "Ashika Credit",
    "full_name": "Ashika Credit Capital Ltd",
    "name_url": "stocks-analysis/ashika-credit",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "341.00",
    "chg": 11.25,
    "chgp": "3.41%",
    "dir": 1,
    "prev_price": "329.75",
    "mcapval": "1,525.12 Cr",
    "mcap": "Small Cap",
    "scripcode": 543766,
    "symbol": "",
    "ind_name": "Non Banking Financial Company (NBFC)",
    "ind_code": 5,
    "indexname": "",
    "isin": "INE094B01013",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "9.04 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/ashika-credit-630303-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Is Ashika Credit overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ashika-credit-overvalued-or-undervalued-3747666",
        "imagepath": "",
        "date": "2025-12-05 08:27:40",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Understanding Ashika Credit’s Valuation Metrics</strong></p>\n<p>At present, Ashika Credit’s price-to-earnings (PE) ratio stands at a deeply negative figure, reflecting the company’s ongoing losses rather than profitability. This negative PE ratio, combined with an enterprise value to EBITDA ratio also in the negative territory, signals that the company is not generating positive earnings before interest, taxes, depreciation, and amortisation. Such metrics typically indicate financial stress or a turnaround phase, which investors should approach with caution.</p>\n<p>The price-to-book (P/B) value of 2.39 suggests the market values Ashika Credit at more than twice its book value, a premium that investors pay despite the company’s negative returns on capital employed (ROCE) and equity (ROE), whi..."
      },
      {
        "title": "Why is Ashika Credit falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ashika-credit-fallingrising-3742421",
        "imagepath": "",
        "date": "2025-12-03 00:41:57",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>The stock has outperformed its sector by 2.57% on the day, continuing a two-day streak of gains that have yielded a 3.66% return. Interestingly, Ashika Credit opened the day with a gap down of 2.09%, touching an intraday low of ₹318.10, but recovered strongly to reach a high of ₹335, marking a 3.11% intraday increase. This volatility suggests active trading interest and a tug-of-war between bearish and bullish sentiments.</p>\n<p>Trading volumes have surged significantly, with delivery volumes on 01 Dec rising by over 423% compared to the five-day average, indicating rising investor participation. The stock’s liquidity remains adequate for moderate trade sizes, supporting sustained market activity.</p>\n<div class=\"promo-strategy-box\">\n<..."
      },
      {
        "title": "Ashika Credit Sees Revision in Market Evaluation Amidst Challenging Financial Trends",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/ashika-credit-downgraded-to-strong-sell-amid-weak-fundamentals-and-bearish-outlook-3737057",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/AshikaCredit_mojoScore_3737057.png",
        "date": "2025-11-30 10:24:53",
        "description": "Ashika Credit, a small-cap player in the Non Banking Financial Company (NBFC) sector, has experienced a revision in its market evaluation reflecting shifts in its fundamental and technical outlook. This adjustment follows a detailed reassessment of the company’s financial health, valuation, and market behaviour, highlighting ongoing challenges in its performance and investor sentiment."
      },
      {
        "title": "How has been the historical performance of Ashika Credit?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-ashika-credit-3683474",
        "imagepath": "",
        "date": "2025-11-09 22:38:57",
        "description": "Answer:\nThe historical performance of Ashika Credit shows a significant decline in financial metrics from March 2024 to March 2025.\n\nBreakdown:\nIn the fiscal year ending March 2025, Ashika Credit reported net sales of 4.24 Cr, a sharp decrease from 18.38 Cr in the previous year. Total operating income mirrored this decline, falling from 18.38 Cr to 4.24 Cr. The company's total expenditure surged to 63.38 Cr, up from 5.04 Cr, primarily driven by manufacturing expenses of 50.42 Cr and an increase in employee costs to 3.44 Cr. Consequently, the operating profit (PBDIT) plummeted to -59.09 Cr from a positive 13.50 Cr, leading to a profit before tax of -66.68 Cr compared to 12.76 Cr in the prior year. The profit after tax also reflected this downturn, resulting in a loss of 51.48 Cr versus a profit of 10.70 Cr in March 2024. The earnings per share (EPS) fell to -15.54 from 9.01, indicating a severe deterioration..."
      },
      {
        "title": "Are Ashika Credit latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-ashika-credit-latest-results-good-or-bad-3682414",
        "imagepath": "",
        "date": "2025-11-08 19:17:49",
        "description": "The latest financial results for Ashika Credit Capital reveal significant operational challenges, particularly highlighted by extreme revenue volatility. In Q2 FY26, the company reported net sales of ₹18.09 crores, which represents a dramatic quarter-on-quarter decline of 74.12% from ₹69.89 crores in Q1 FY26. This sharp drop raises concerns about the sustainability of its revenue generation and overall business model, especially in the competitive non-banking financial company (NBFC) sector.\n\nNet profit for Q2 FY26 was recorded at ₹11.15 crores, reflecting a substantial decrease of 77.88% compared to the previous quarter. The profit after tax (PAT) margin also contracted to 60.70%, down from 71.84% in Q1 FY26, indicating both top-line pressure and operational challenges. Despite these difficulties, the company maintained a high operating profit margin of 81.76%, suggesting some degree of cost discipline ami..."
      },
      {
        "title": "Ashika Credit Capital Q2 FY26: Sharp Sequential Decline Raises Concerns",
        "link": "https://www.marketsmojo.com/news/result-analysis/ashika-credit-capital-q2-fy26-sharp-sequential-decline-raises-concerns-3682259",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/AshikaCreditCap_quaterlyResult_3682259.png",
        "date": "2025-11-08 09:37:23",
        "description": "Ashika Credit Capital Ltd., a small-cap non-banking financial company (NBFC) with a market capitalisation of ₹1,310 crores, reported a consolidated net profit of ₹11.15 crores for Q2 FY26 (July-September 2025), marking a steep sequential decline of 77.88% from the preceding quarter's ₹50.40 crores. The sharp contraction in profitability has intensified concerns about the company's operational consistency, with the stock trading at ₹340.40 as of November 7, 2025, down 2.52% on the day and reflecting a bearish technical trend that has persisted since late October."
      },
      {
        "title": "Is Ashika Credit overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ashika-credit-overvalued-or-undervalued-3642472",
        "imagepath": "",
        "date": "2025-10-24 08:11:20",
        "description": "As of 23 October 2025, the valuation grade for Ashika Credit has moved from very expensive to risky. This indicates a significant shift in the perception of the company's financial health and market position. Based on the current analysis, Ashika Credit appears to be overvalued. The company has a PE ratio of -95.96, an EV to EBITDA ratio of -107.36, and a Price to Book Value of 3.67, which are concerning indicators of its valuation relative to earnings and asset value.\n\nWhen compared to its peers, Ashika Credit's valuation metrics stand out negatively. For instance, Bajaj Finance has a PE ratio of 39.07 and EV to EBITDA of 20.55, while Life Insurance boasts a PE of 11.68 and an EV to EBITDA of 9.11, both reflecting a much healthier valuation landscape. Additionally, Ashika Credit's return on equity (ROE) is at -3.82%, further emphasizing its struggles compared to the industry. Despite a strong return over t..."
      },
      {
        "title": "Is Ashika Credit technically bullish or bearish?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ashika-credit-technically-bullish-or-bearish-3636807",
        "imagepath": "",
        "date": "2025-10-21 08:22:48",
        "description": "As of 20 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a weak strength. Key indicators driving this include the daily moving averages indicating bearishness, weekly Bollinger Bands also showing bearish signals, and the KST on both weekly and monthly time frames being bearish or mildly bearish. The MACD shows a conflicting mildly bullish signal on the weekly chart but is mildly bearish on the monthly, which adds to the overall bearish sentiment. The lack of trend signals in Dow Theory further supports the bearish outlook...."
      },
      {
        "title": "Is Ashika Credit overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ashika-credit-overvalued-or-undervalued-3632939",
        "imagepath": "",
        "date": "2025-10-20 08:07:07",
        "description": "As of 17 October 2025, the valuation grade for Ashika Credit has moved from risky to very expensive. Based on the analysis, the company is overvalued. Key ratios indicate significant concerns, with a PE ratio of -95.33, an EV to EBITDA of -106.42, and an EV to Sales ratio of 11.18. \n\nIn comparison to peers, Bajaj Finance has a PE ratio of 38.21 and an EV to EBITDA of 20.25, while Life Insurance shows a more attractive valuation with a PE of 11.49 and an EV to EBITDA of 8.94. The stark contrast in these ratios highlights Ashika Credit's overvaluation in the current market. Additionally, the company's stock has underperformed relative to the Sensex, particularly with a year-to-date return of -57.11% compared to the Sensex's 7.44%, reinforcing the conclusion of overvaluation...."
      }
    ],
    "total": 811,
    "sid": "630303",
    "stock_news_url": "https://www.marketsmojo.com/news/ashika-credit-capital-630303"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "03-Dec-2025",
      "details": "Please find enclosed herewith the Newspaper Advertisement regarding the ensuing NCLT Convened Meeting of Equity Shareholders of Ashika Credit Capital Limited published in Financial Express (English All India Edition) and Aajkal (Bengali West Bengal Edition) today i.e. Wednesday 3rd December 2025.",
      "source": "BSE"
    },
    {
      "caption": "Notice Of NCLT Convened Meeting Of Equity Shareholders Of Ashika Credit Capital Limited Scheduled To Be Held On Friday 9Th January 2026 At 12:15 P.M. IST Through VC/OAVM",
      "datetime": "02-Dec-2025",
      "details": "Please find enclosed herewith the Notice of NCLT Convened Meeting of Equity Shareholders of Ashika Credit Capital Limited scheduled to be held on Friday 9th January 2026 at 12:15 P.M. IST through VC/OAVM to approve the Composite Scheme of Amalgamation of (i) Ashika Commodities and Derivatives Private Limited (Transferor Company) with and into Ashika Global Securities Private Limited (Amalgamating Company) (ii) Ashika Global Securities Private Limited with and into Ashika Credit Capital Limited (Amalgamated Company) and their respective shareholders and creditors pursuant to sections 230 to 232 and other applicable provisions of Companies Act 2013.",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Allotment Of Equity Shares Pursuant To Scheme Of Amalgamation Of Yaduka Financial Services Limited (Transferor Company) With And Into Ashika Credit Capital Limited (Transferee Company Or Company)",
      "datetime": "01-Dec-2025",
      "details": "Merger & Acquisition Committee (Committee of Directors) of the Company has today i.e. 01.12.2025 approved the allotment of 6534507 equity shares of the Company of face value of INR 10/- each to the eligible shareholders of the Transferor Company i.e. Yaduka Financial Services Limited as on the Record Date i.e. 29.11.2025 in the share exchange ratio of 1445:1000 i.e. 1445 equity shares of Transferee Company having a face value of INR 10/- each fully paid-up be issued for every 1000 (One thousand) equity shares held in Transferor Company having a face value INR 10/- each fully paid-up in terms of the Scheme of Amalgamation as approved and sanctioned by the Honble NCLT Kolkata Bench vide its Order dated 04.11.2025.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Ashika Credit Capital Ltd has declared <strong>10%</strong> dividend, ex-date: 01 Aug 19",
          "dt": "2019-08-01",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Is Ashika Credit overvalued or undervalued?

2025-12-05 08:27:40

Understanding Ashika Credit’s Valuation Metrics

At present, Ashika Credit’s price-to-earnings (PE) ratio stands at a deeply negative figure, reflecting the company’s ongoing losses rather than profitability. This negative PE ratio, combined with an enterprise value to EBITDA ratio also in the negative territory, signals that the company is not generating positive earnings before interest, taxes, depreciation, and amortisation. Such metrics typically indicate financial stress or a turnaround phase, which investors should approach with caution.

The price-to-book (P/B) value of 2.39 suggests the market values Ashika Credit at more than twice its book value, a premium that investors pay despite the company’s negative returns on capital employed (ROCE) and equity (ROE), whi...

Read More

Why is Ashika Credit falling/rising?

2025-12-03 00:41:57

Recent Price Movement and Market Context

The stock has outperformed its sector by 2.57% on the day, continuing a two-day streak of gains that have yielded a 3.66% return. Interestingly, Ashika Credit opened the day with a gap down of 2.09%, touching an intraday low of ₹318.10, but recovered strongly to reach a high of ₹335, marking a 3.11% intraday increase. This volatility suggests active trading interest and a tug-of-war between bearish and bullish sentiments.

Trading volumes have surged significantly, with delivery volumes on 01 Dec rising by over 423% compared to the five-day average, indicating rising investor participation. The stock’s liquidity remains adequate for moderate trade sizes, supporting sustained market activity.

<...

Read More

Ashika Credit Sees Revision in Market Evaluation Amidst Challenging Financial Trends

2025-11-30 10:24:53

Ashika Credit, a small-cap player in the Non Banking Financial Company (NBFC) sector, has experienced a revision in its market evaluation reflecting shifts in its fundamental and technical outlook. This adjustment follows a detailed reassessment of the company’s financial health, valuation, and market behaviour, highlighting ongoing challenges in its performance and investor sentiment.

Read More

How has been the historical performance of Ashika Credit?

2025-11-09 22:38:57

Answer: The historical performance of Ashika Credit shows a significant decline in financial metrics from March 2024 to March 2025. Breakdown: In the fiscal year ending March 2025, Ashika Credit reported net sales of 4.24 Cr, a sharp decrease from 18.38 Cr in the previous year. Total operating income mirrored this decline, falling from 18.38 Cr to 4.24 Cr. The company's total expenditure surged to 63.38 Cr, up from 5.04 Cr, primarily driven by manufacturing expenses of 50.42 Cr and an increase in employee costs to 3.44 Cr. Consequently, the operating profit (PBDIT) plummeted to -59.09 Cr from a positive 13.50 Cr, leading to a profit before tax of -66.68 Cr compared to 12.76 Cr in the prior year. The profit after tax also reflected this downturn, resulting in a loss of 51.48 Cr versus a profit of 10.70 Cr in March 2024. The earnings per share (EPS) fell to -15.54 from 9.01, indicating a severe deterioration...

Read More

Are Ashika Credit latest results good or bad?

2025-11-08 19:17:49

The latest financial results for Ashika Credit Capital reveal significant operational challenges, particularly highlighted by extreme revenue volatility. In Q2 FY26, the company reported net sales of ₹18.09 crores, which represents a dramatic quarter-on-quarter decline of 74.12% from ₹69.89 crores in Q1 FY26. This sharp drop raises concerns about the sustainability of its revenue generation and overall business model, especially in the competitive non-banking financial company (NBFC) sector. Net profit for Q2 FY26 was recorded at ₹11.15 crores, reflecting a substantial decrease of 77.88% compared to the previous quarter. The profit after tax (PAT) margin also contracted to 60.70%, down from 71.84% in Q1 FY26, indicating both top-line pressure and operational challenges. Despite these difficulties, the company maintained a high operating profit margin of 81.76%, suggesting some degree of cost discipline ami...

Read More

Ashika Credit Capital Q2 FY26: Sharp Sequential Decline Raises Concerns

2025-11-08 09:37:23

Ashika Credit Capital Ltd., a small-cap non-banking financial company (NBFC) with a market capitalisation of ₹1,310 crores, reported a consolidated net profit of ₹11.15 crores for Q2 FY26 (July-September 2025), marking a steep sequential decline of 77.88% from the preceding quarter's ₹50.40 crores. The sharp contraction in profitability has intensified concerns about the company's operational consistency, with the stock trading at ₹340.40 as of November 7, 2025, down 2.52% on the day and reflecting a bearish technical trend that has persisted since late October.

Read More

Is Ashika Credit overvalued or undervalued?

2025-10-24 08:11:20

As of 23 October 2025, the valuation grade for Ashika Credit has moved from very expensive to risky. This indicates a significant shift in the perception of the company's financial health and market position. Based on the current analysis, Ashika Credit appears to be overvalued. The company has a PE ratio of -95.96, an EV to EBITDA ratio of -107.36, and a Price to Book Value of 3.67, which are concerning indicators of its valuation relative to earnings and asset value. When compared to its peers, Ashika Credit's valuation metrics stand out negatively. For instance, Bajaj Finance has a PE ratio of 39.07 and EV to EBITDA of 20.55, while Life Insurance boasts a PE of 11.68 and an EV to EBITDA of 9.11, both reflecting a much healthier valuation landscape. Additionally, Ashika Credit's return on equity (ROE) is at -3.82%, further emphasizing its struggles compared to the industry. Despite a strong return over t...

Read More

Is Ashika Credit technically bullish or bearish?

2025-10-21 08:22:48

As of 20 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a weak strength. Key indicators driving this include the daily moving averages indicating bearishness, weekly Bollinger Bands also showing bearish signals, and the KST on both weekly and monthly time frames being bearish or mildly bearish. The MACD shows a conflicting mildly bullish signal on the weekly chart but is mildly bearish on the monthly, which adds to the overall bearish sentiment. The lack of trend signals in Dow Theory further supports the bearish outlook....

Read More

Is Ashika Credit overvalued or undervalued?

2025-10-20 08:07:07

As of 17 October 2025, the valuation grade for Ashika Credit has moved from risky to very expensive. Based on the analysis, the company is overvalued. Key ratios indicate significant concerns, with a PE ratio of -95.33, an EV to EBITDA of -106.42, and an EV to Sales ratio of 11.18. In comparison to peers, Bajaj Finance has a PE ratio of 38.21 and an EV to EBITDA of 20.25, while Life Insurance shows a more attractive valuation with a PE of 11.49 and an EV to EBITDA of 8.94. The stark contrast in these ratios highlights Ashika Credit's overvaluation in the current market. Additionally, the company's stock has underperformed relative to the Sensex, particularly with a year-to-date return of -57.11% compared to the Sensex's 7.44%, reinforcing the conclusion of overvaluation....

Read More

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