Key Events This Week
4 May: Week opens at Rs.2.93
6 May: Downgrade to Strong Sell announced
7 May: Valuation shifts noted; price closes at Rs.2.82
8 May: Week closes at Rs.2.83 (-3.41%)
May 13
BSE+NSE Vol: 57.36 k

Ashirwad Capital Ltd, a micro-cap player in the Non-Banking Financial Company (NBFC) sector, has seen its investment rating upgraded from Strong Sell to Sell as of 11 May 2026. This change is primarily driven by a marked improvement in valuation metrics, even as the company continues to grapple with flat financial performance and weak long-term fundamentals.
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4 May: Week opens at Rs.2.93
6 May: Downgrade to Strong Sell announced
7 May: Valuation shifts noted; price closes at Rs.2.82
8 May: Week closes at Rs.2.83 (-3.41%)

Ashirwad Capital Ltd, a micro-cap player in the Non Banking Financial Company (NBFC) sector, has seen its investment rating downgraded from Sell to Strong Sell as of 6 May 2026. This shift reflects a reassessment across multiple parameters including valuation, financial trends, quality metrics, and technical indicators, signalling heightened caution for investors amid subdued performance and valuation concerns.
Read full news article
Ashirwad Capital Ltd, a micro-cap player in the Non Banking Financial Company (NBFC) sector, has seen its valuation parameters shift from very attractive to attractive, reflecting nuanced changes in market perception despite ongoing sector headwinds and a challenging price performance over the past year.
Read full news article
Apr 20: Stock opens at Rs.2.85, up 1.06% on low Sensex volatility
Apr 21: Valuation upgrade signals renewed price attractiveness
Apr 23: Stock dips amid broader market weakness
Apr 24: Investment rating upgraded from Strong Sell to Sell

Ashirwad Capital Ltd, a micro-cap player in the Non Banking Financial Company (NBFC) sector, has seen its investment rating upgraded from Strong Sell to Sell as of 23 April 2026. This change is primarily driven by a marked improvement in valuation metrics, even as the company continues to grapple with flat financial performance and weak long-term fundamentals.
Read full news article
Ashirwad Capital Ltd, a micro-cap player in the Non Banking Financial Company (NBFC) sector, has seen its valuation parameters improve from very attractive to attractive, signalling a shift in price attractiveness despite a challenging return profile over the past year. This article analyses the recent changes in key valuation metrics, compares them with peer averages, and assesses the implications for investors navigating this micro-cap NBFC landscape.
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13 Apr: Stock opens at Rs.2.64, down 0.75% amid weak market sentiment
14 Apr: Downgrade to Strong Sell by MarketsMOJO announced
15 Apr: Valuation shift noted; stock rebounds +3.79% to Rs.2.74
16 Apr: Continued gains with +1.09% rise to Rs.2.77
17 Apr: Week closes at Rs.2.82, up 1.81% on the day

Ashirwad Capital Ltd, a micro-cap player in the Non Banking Financial Company (NBFC) sector, has seen its valuation parameters shift from very attractive to attractive, reflecting nuanced changes in investor sentiment and market positioning. Despite a modest day change of 0.38%, the company’s price-to-earnings (P/E) and price-to-book value (P/BV) ratios reveal a complex valuation landscape when compared to peers and historical benchmarks.
Read full news articleFormat of Initial Disclosure to be made by an entity identified as a Large Corporate.
| Sr. No. | Particulars | Details |
| 1 | Name of Company | Ashirwad Capital Ltd |
| 2 | CIN NO. | L51900MH1985PLC036117 |
| 3 | Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) | 0.00 |
| 4 | Highest Credit Rating during the previous FY | NA |
| 4a | Name of the Credit Rating Agency issuing the Credit Rating mentioned in (4) | Not Applicable |
| 5 | Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the framework | BSE |
We are enclosing herewith Certificate dated April 03 2026 issued by M/s. Bigshare Services Pvt. Ltd Registrar and Share Transfer Agent (RTA) of the company confirming the Compliances of Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulation 2018 for the Fourth Quarter ended March 31 2026.
Pursuant to SEBI (Prohibition of Insider Trading) Regulations 2015 the Trading Window for dealing in the Equity Shares of the Company shall be closed for all the designated persons and their immediate relative from April 01 2026 till 48 hours after declaration of Audited Financial Results of the Company for the Fourth Quarter and the Financial Year ended March 31 2026.
No Upcoming Board Meetings
Ashirwad Capital Ltd has declared 10% dividend, ex-date: 19 Sep 19
Ashirwad Capital Ltd has announced 1:10 stock split, ex-date: 03 Apr 06
Ashirwad Capital Ltd has announced 1:2 bonus issue, ex-date: 25 Jun 24
No Rights history available