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Ashirwad Capital

BSE:512247
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
512247
BSE
₹118M
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

Ashirwad Capital Limited, a non-banking finance company, engages in the investment and lending business in India. The last earnings update was 27 days ago. More info.


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512247 Share Price and Events
7 Day Returns
-1%
BSE:512247
0.1%
IN Capital Markets
-0.3%
IN Market
1 Year Returns
-9%
BSE:512247
-15.2%
IN Capital Markets
5%
IN Market
512247 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ashirwad Capital (512247) -1% -2.7% -7% -9% -15.8% 24.2%
IN Capital Markets 0.1% 5.2% 16.1% -15.2% 0.2% 21.5%
IN Market -0.3% -0.5% 10% 5% 27.8% 27.6%
1 Year Return vs Industry and Market
  • 512247 outperformed the Capital Markets industry which returned -15.2% over the past year.
  • 512247 underperformed the Market in India which returned 5% over the past year.
Price Volatility
512247
Industry
5yr Volatility vs Market

Value

 Is Ashirwad Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ashirwad Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ashirwad Capital.

BSE:512247 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹1.58 * 10.8%
₹0.17
Book Value of Equity per Share Median Book Value from the past 5 years. ₹1.58
Discount Rate (Cost of Equity) See below 15.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:512247
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.763 (1 + (1- 35%) (0%))
1.092
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.092 * 7.85%)
15.05%

Discounted Cash Flow Calculation for BSE:512247 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Ashirwad Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:512247 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 15.05%) * ₹1.58)
₹-0.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-0.07 / (15.05% - 6.48%)
₹-0.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹1.58 + ₹-0.78
₹0.8
BSE:512247 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹0.80
Current discount Discount to share price of ₹2.93
= -1 x (₹2.93 - ₹0.80) / ₹0.80
-266.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ashirwad Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ashirwad Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ashirwad Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:512247 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹0.19
BSE:512247 Share Price ** BSE (2019-12-05) in INR ₹2.93
India Capital Markets Industry PE Ratio Median Figure of 163 Publicly-Listed Capital Markets Companies 11.21x
India Market PE Ratio Median Figure of 2,633 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ashirwad Capital.

BSE:512247 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:512247 Share Price ÷ EPS (both in INR)

= 2.93 ÷ 0.19

15.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashirwad Capital is overvalued based on earnings compared to the IN Capital Markets industry average.
  • Ashirwad Capital is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Ashirwad Capital's expected growth come at a high price?
Raw Data
BSE:512247 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Capital Markets Industry PEG Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 2.13x
India Market PEG Ratio Median Figure of 601 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ashirwad Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ashirwad Capital's assets?
Raw Data
BSE:512247 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹1.53
BSE:512247 Share Price * BSE (2019-12-05) in INR ₹2.93
India Capital Markets Industry PB Ratio Median Figure of 255 Publicly-Listed Capital Markets Companies 0.51x
India Market PB Ratio Median Figure of 3,565 Publicly-Listed Companies 0.86x
BSE:512247 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:512247 Share Price ÷ Book Value per Share (both in INR)

= 2.93 ÷ 1.53

1.91x

* Primary Listing of Ashirwad Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashirwad Capital is overvalued based on assets compared to the IN Capital Markets industry average.
X
Value checks
We assess Ashirwad Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Ashirwad Capital has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ashirwad Capital expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ashirwad Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ashirwad Capital expected to grow at an attractive rate?
  • Unable to compare Ashirwad Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ashirwad Capital's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Ashirwad Capital's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:512247 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 18.5%
India Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
India Market Earnings Growth Rate Market Cap Weighted Average 19.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:512247 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:512247 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 10 7
2019-06-30 10 7
2019-03-31 10 -6 7
2018-12-31 8 9
2018-09-30 7 9
2018-06-30 8 9
2018-03-31 8 -1 9
2017-12-31 7 8
2017-09-30 6 6
2017-06-30 6 6
2017-03-31 5 -1 6
2016-12-31 6 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ashirwad Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Ashirwad Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:512247 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ashirwad Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:512247 Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 0.19
2019-06-30 0.18
2019-03-31 0.18
2018-12-31 0.24
2018-09-30 0.22
2018-06-30 0.22
2018-03-31 0.23
2017-12-31 0.19
2017-09-30 0.16
2017-06-30 0.16
2017-03-31 0.15
2016-12-31 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ashirwad Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Ashirwad Capital's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Ashirwad Capital's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Ashirwad Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ashirwad Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ashirwad Capital has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ashirwad Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ashirwad Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ashirwad Capital has delivered over 20% year on year earnings growth in the past 5 years.
  • Ashirwad Capital's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ashirwad Capital's 1-year earnings growth is negative, it can't be compared to the IN Capital Markets industry average.
Earnings and Revenue History
Ashirwad Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ashirwad Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:512247 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 10.43 7.39 0.15
2019-06-30 9.79 6.90 0.05
2019-03-31 10.11 7.05 0.20
2018-12-31 7.86 9.47 0.36
2018-09-30 7.30 8.85 0.54
2018-06-30 8.20 9.49 0.72
2018-03-31 7.85 9.17 0.75
2017-12-31 7.34 7.67 0.84
2017-09-30 5.59 6.27 0.82
2017-06-30 5.72 6.33 0.80
2017-03-31 5.16 5.92 0.78
2016-12-31 5.76 -2.94 0.69
2016-09-30 4.99 -3.54 0.69
2016-06-30 4.43 -3.97 0.66
2016-03-31 4.23 -4.19 0.70
2015-12-31 4.36 1.79 1.13
2015-09-30 5.96 3.15 1.09
2015-06-30 6.43 3.57 1.06
2015-03-31 8.50 5.31 0.57
2014-12-31 7.66 5.56 0.98
2014-09-30 6.60 4.43 1.02
2014-06-30 6.24 4.39 1.00
2014-03-31 3.93 2.56 0.93
2013-12-31 4.06 1.93 1.66
2013-09-30 4.30 2.00 1.66
2013-06-30 4.38 1.95 1.65
2013-03-31 9.06 5.72 1.63
2012-12-31 9.88 6.10 1.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ashirwad Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ashirwad Capital used its assets more efficiently than the IN Capital Markets industry average last year based on Return on Assets.
  • Ashirwad Capital has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ashirwad Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ashirwad Capital has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ashirwad Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ashirwad Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ashirwad Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ashirwad Capital's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ashirwad Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Ashirwad Capital has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ashirwad Capital Company Filings, last reported 2 months ago.

BSE:512247 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 69.50 0.00 0.31
2019-06-30 72.20 0.00 10.34
2019-03-31 72.20 0.00 9.95
2018-12-31 66.92 0.00 0.32
2018-09-30 66.92 0.00 0.32
2018-06-30 65.13 0.00 1.90
2018-03-31 65.13 0.00 1.90
2017-12-31 62.90 0.00 0.40
2017-09-30 62.90 0.00 0.40
2017-06-30 60.80 0.00 7.03
2017-03-31 60.80 0.00 6.61
2016-12-31 58.60 0.00 0.60
2016-09-30 58.60 0.00 0.60
2016-06-30 56.80 0.00 2.60
2016-03-31 56.81 0.00 2.60
2015-12-31 62.10 0.00 0.50
2015-09-30 62.10 0.00 0.50
2015-06-30 61.00 0.00 0.60
2015-03-31 61.00 0.00 0.60
2014-12-31
2014-09-30
2014-06-30 60.03 0.00 0.41
2014-03-31 60.03 0.00 0.41
2013-12-31 60.70 0.00 1.20
2013-09-30 60.70 0.00 1.20
2013-06-30 59.34 0.00 1.28
2013-03-31 59.34 0.00 1.28
2012-12-31
  • Ashirwad Capital has no debt.
  • Ashirwad Capital has not taken on any debt in the past 5 years.
  • Ashirwad Capital has no debt, it does not need to be covered by operating cash flow.
  • Ashirwad Capital has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ashirwad Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ashirwad Capital has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ashirwad Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.41%
Current annual income from Ashirwad Capital dividends.
If you bought ₹2,000 of Ashirwad Capital shares you are expected to receive ₹68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ashirwad Capital's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.58%).
  • Ashirwad Capital's dividend is above the markets top 25% of dividend payers in India (2.47%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:512247 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1391 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:512247 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-09-06 0.100 3.273
2019-05-28 0.100 3.060
2018-05-25 0.100 3.049
2017-05-30 0.040 1.306
2017-01-19 0.000 0.000
2016-10-28 0.000 0.000
2016-08-01 0.000 0.000
2016-05-30 0.000 0.000
2015-06-01 0.090 3.506
2014-07-01 0.040 1.658
2014-05-30 0.040 1.633
2013-05-30 0.100 4.824
2012-05-28 0.100 5.224
2011-05-20 0.050 3.146
2010-05-17 0.150 5.820
2010-01-21 0.150 7.158
2009-10-22 0.220 11.018

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Ashirwad Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ashirwad Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ashirwad Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ashirwad Capital has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ashirwad Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dinesh Ramprasad Kumar Poddar
AGE 55
TENURE AS CEO 5.9 years
CEO Bio

Mr. Dinesh Ramprasad Kumar Keshardeo Poddar has been the Managing Director of Ashirwad Capital Limited since January 1, 2014 and has been its Chairman since May 25, 2018. He joined Ashirwad Capital Limited in January 01, 2011. Mr. Poddar has been the Managing Director of Swasti Vinayaka Art And Heritage Corporation Ltd (also known as Swasti Vinayaka Gems Corporation Limited) since April 1, 2005 and its Chairman since May 25, 2018. He served as a Compliance Officer of Shah Construction Company Limited (formerly, Shah Construction Ltd). He is a Co-founder of the Swasti Vinayaka group. Mr. Poddar has experience in the field of Finance Information Networking and Portfolio Management in a Securities Market in addition to the experience in the field of Textile and Real Estate. Mr. Poddar has been an Executive Director at Swasti Vinayaka Gems Corporation Limited since June 30th, 1989. He serves as a Director of Ashirwad Capital Limited since January 1, 2014, Swasti Vinayaka Synthetics Ltd., Swasti Vinayaka Gems Corp. Ltd., Elan Realtors India Pvt Ltd., IVY League Fashions Pvt Ltd., MA Passion (India) Ltd., and Vinayaka Realestate Dev. Ltd. He serves as a Director at Shah Construction Company Limited since September 30, 1995. He served as an Independent Director of Gini Silk Mills Limited. Mr. Poddar holds an MBA Finance and MS Information from the University of Pittsburgh, USA. He holds a B.Com.

CEO Compensation
  • Insufficient data for Dinesh Ramprasad Kumar to compare compensation growth.
  • Insufficient data for Dinesh Ramprasad Kumar to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure of the Ashirwad Capital management team in years:

0.8
Average Tenure
  • The average tenure for the Ashirwad Capital management team is less than 2 years, this suggests a new team.
Management Team

Dinesh Ramprasad Kumar Poddar

TITLE
Chairman & MD
AGE
55
TENURE
5.9 yrs

Sunil Bhiwandkar

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Hema Bhagtani

TITLE
Company Secretary & Compliance Officer
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Ashirwad Capital board of directors in years:

9.2
Average Tenure
55
Average Age
  • The tenure for the Ashirwad Capital board of directors is about average.
Board of Directors

Dinesh Ramprasad Kumar Poddar

TITLE
Chairman & MD
AGE
55
TENURE
1.6 yrs

Sanjiv Rungta

TITLE
Independent Director
AGE
57
TENURE
13.6 yrs

Ramprasad Poddar

TITLE
Director
AGE
83
TENURE
30.5 yrs

Rajesh Kumar Poddar

TITLE
Non-Executive Director
AGE
51
TENURE
30.5 yrs

Shilpa Poddar

TITLE
Non-Executive Director
AGE
49
TENURE
4.8 yrs

Rakesh Garodia

TITLE
Independent Director
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Ashirwad Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ashirwad Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Ashirwad Capital Limited, a non-banking finance company, engages in the investment and lending business in India. It acquires shares and securities. The company was incorporated in 1985 and is based in Mumbai, India.

Details
Name: Ashirwad Capital Limited
512247
Exchange: BSE
Founded: 1985
₹118,400,000
40,000,000
Website: http://www.ashirwadcapital.in
Address: Ashirwad Capital Limited
303, Tantia Jogani Industrial Estate,
Opp. Lodha Bellissimo,
Mumbai,
Maharashtra, 400011,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 512247 Equity Shares Mumbai Stock Exchange IN INR 03. Apr 2006
Number of employees
Current staff
Staff numbers
1
Ashirwad Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 12:45
End of day share price update: 2019/12/05 00:00
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.