Loading…
← CockpitCompetitor Analysis › ASHIKAG.NS Ashika Global Securities LtdOpen in the cockpit ↗

Ashika Global Securities LtdASHIKAG.NSCompetitor analysis, valuation and peers

India · INR·Industrials›Miscellaneous
Momentum weak 27
Mkt cap
$339M
US dollars, full cap
Free float
15%
of shares outstanding
$/day
$165,075
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-6.5 pp
WACC 15.8%
Hurdle
-160 pp
Req g minus delivered
Close · INR₹370.35
1D-0.6%
1W-2.5%
1M-4.3%
3M-21.9%
6M-5.6%
YTDn/a
1Yn/a
ATR %4.1%
52w lowhigh28.9% off high

What Ashika Global Securities does

Employees: 21

Ashika Global Securities at a glance

Size Ashika Global Securities (ASHIKAG.NS) is an India Industrials company (Miscellaneous) with a market value of $339M, the 1002nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹370.35 on 6 Nov 2026.

Performance Over six months the shares fell 5.6%, against -11.2% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 5 in its peer set.

Growth Revenue grew 4,121.3% over the last twelve months (peer median +7.9%); the operating margin is 49.4% (peer median 16.8%).

Valuation It trades at 11.2× enterprise value to sales against a peer median of 4.8× (3rd most expensive of 6).

Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +186%, so the hurdle is -160 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 6.5 points below its cost of capital (15.8% WACC).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026ASHIKAG.NS 93Peer median 89
Six months, rebased to 100: Ashika Global Securities against the median of its 6 peers (local-currency closes).

Ashika Global Securities financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹2.65B₹2.49B₹2.31B₹184M₹106M
Revenue growth—+7%+1,158%+74%—
Gross profit₹2.15B₹2.09B₹1.95B₹172M₹102M
EBITDA₹1.45B₹1.50B₹1.51B₹132M₹75.8M
Net income₹836M₹603M₹757M₹107M₹58.9M
Free cash flown/a₹1.51B₹91.2M₹86.5M₹46.5M
Capital expendituren/a₹147M₹140M₹0₹1.52M
Total debt₹1.77B₹3.87B₹3.49B₹251M₹335,000

Quarterly statements and history in the cockpit →

Ashika Global Securities competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%+10%-5%0%QRCPLSV547AALHGASHIKAG.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Ashika Global Securities is the large dot.

Fundamentals: revenue growth against valuation

0%+1,000%+2,000%+3,000%+4,000%0×10×QRCPLSV547AALHG0625ASHIKAG.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ashika Global Securities is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%+150%+200%0%100%200%QRCPLSVALHG0625ASHIKAG.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Ashika Global Securities is the large dot.

Ashika Global Securities competitors and peer comparison

How Ashika Global Securities compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ashika Global Securities against its 6 peers (data as of 6 Nov 2026)
MeasureASHIKAG.NSPeer medianRank in peer set
1-month return-4.3%+2.1%3rd lowest of 7
6-month return-5.6%-11.2%2nd highest of 5
Distance from 52-week high-28.9%-24.2%4th highest of 7
Revenue growth (TTM)+4,121.3%+7.9%highest of 6
Operating margin49.4%16.8%2nd highest of 6
EV / Sales11.2×4.8×3rd most expensive of 6
Growth the price implies (Req g, 7 yrs)26.7%7.3%most demanding of 5
Growth delivered (Del g)+186.3%+45.5%2nd highest of 5
Hurdle (Req g minus delivered)-159.6 pp-37.7 pp2nd least demanding of 5
ROIC minus cost of capital-6.5 pp-2.1 pplowest of 5
EV / EBITDA20.5×11.0×3rd most expensive of 6
Net debt / EBITDA-1.6×3.4×least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Ashika Global Securities ASHIKAG.NSIndia$339M-6%+4,121%49%11.2×26.7%+186.3%
Hanwha Machinery & Service 0220W0.KSSouth Korea$436Mn/an/an/an/an/an/a
Queen's Road Capital Investment QRC.TOCanada$523M-16%+33%759%18.2×20.4%+83.0%
Paratus Energy Services PLSV.OLNorway$833M-6%-58%23%17.2×15.9%+3.8%
Muninova 547A.TJapan$1.19B-16%+13%17%4.8×n/an/a
Louis Hachette ALHG.PAFrance$1.97B+12%+3%4%0.7×-1.2%+210.9%
SHEIN Global 0625.HKHong Kong$22.0Bn/a+8%4%0.6×-4.8%+7.9%

Questions

Which companies are Ashika Global Securities's closest peers?
The cockpit's peer set: Hanwha Machinery & Service (0220W0.KS), Queen's Road Capital Investment (QRC.TO), Paratus Energy Services (PLSV.OL), Muninova (547A.T), Louis Hachette (ALHG.PA), SHEIN Global (0625.HK).
Is Ashika Global Securities expensive compared with its peers?
On ev / sales it trades at 11.2× against a peer median of 4.8×, 3rd most expensive of 6 in its peer set. For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +186%, so the hurdle is -160 pp: the price already allows for a slowdown.
How has Ashika Global Securities stock performed?
Over six months to 6 Nov 2026 the shares returned -5.6% against -11.2% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.