Aspire & Innovative Advertising Ltd.

•

₹ 13.250%

2026-08-21

aspireinnovate.inBSE: -NSE: ASPIRE

Market Cap₹ 21 Cr.

Current Price₹ 13

High / Low₹ 27 / 10

Stock P/E0.0

Book Value₹ 32

Price to Book0.30

Dividend Yield0.00 %

ROCE7.1 %

ROE5.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 20.6%
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 1.9x

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (89.2% of PBT)
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.83x)
Equity base is being diluted - shares outstanding up 1266.2%
Total debt has risen sharply - up 97.2% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	289.30	1462.10	4124.61	1220.81	20.14	11.97
12.	ASPIRE	13.90	0.00	21.10	0.00	—	—	—	—	7.15	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	108	255	346	384	167	176
	105	249	338	371	164	174
Operating Profit	3	7	8	14	6	5
OPM %	3	3	2	4	4	3
Other Income	0	0	0	1	3	3
Interest	0	0	0	1	1	1
Depreciation	0	0	0	0	1	0
	3	6	7	13	5	3
Tax %	29	29	26	27	23	25
Net Profit	2	4	5	9	4	3
EPS	2	4	5	8	3	2
Dividend Payout %	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	4	5	8	3	2
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	4	5	8	3	2

Mar 2021

: 108
: 105
Operating Profit: 3
OPM %: 3
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 29
Net Profit: 2
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2022

: 255
: 249
Operating Profit: 7
OPM %: 3
Other Income: 0
Interest: 0
Depreciation: 0
: 6
Tax %: 29
Net Profit: 4
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2023

: 346
: 338
Operating Profit: 8
OPM %: 2
Other Income: 0
Interest: 0
Depreciation: 0
: 7
Tax %: 26
Net Profit: 5
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2024

: 384
: 371
Operating Profit: 14
OPM %: 4
Other Income: 1
Interest: 1
Depreciation: 0
: 13
Tax %: 27
Net Profit: 9
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2025

: 167
: 164
Operating Profit: 6
OPM %: 4
Other Income: 3
Interest: 1
Depreciation: 1
: 5
Tax %: 23
Net Profit: 4
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2026

: 176
: 174
Operating Profit: 5
OPM %: 3
Other Income: 3
Interest: 1
Depreciation: 0
: 3
Tax %: 25
Net Profit: 3
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 10%
3 Years:: -20%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 2%
3 Years:: -22%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -73%

RETURN ON EQUITY

10 Years:: —
5 Years:: 32%
3 Years:: 21%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-
Equity Capital	0	1	1	11	15	15
	5	9	14	14	33	36
	0	1	4	6	7	17
Trade Payables	22	36	33	45	18	15
	7	6	10	40	21	11
Total Liabilities	35	53	62	116	95	94
ASSETS	-	-	-	-	-	-
	1	1	0	1	1	1
	0	2	0	0	0	1
	13	28	28	27	22	13
	0	0	0	60	31	38
Cash & Bank	3	9	5	13	17	1
	18	13	29	15	24	40
Total Assets	35	53	62	116	95	94
Total Debt	1	1	9	13	9	18
Net Working Capital	4	9	16	34	37	49
Contingent Liabilities	3	3	5	0	4	5
Book Value per Share	5209.80	91.84	139.63	22.34	32.04	33.73
Face Value	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	1	1	9	13	9	18
Net Working Capital	4	9	16	34	37	49
Contingent Liabilities	3	3	5	0	4	5
Book Value per Share	5209.80	91.84	139.63	22.34	32.04	33.73
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 0
: 5
: 0
Trade Payables: 22
: 7
Total Liabilities: 35
: 1
: 0
: 13
: 0
Cash & Bank: 3
: 18
Total Assets: 35
Total Debt: 1
Net Working Capital: 4
Contingent Liabilities: 3
Book Value per Share: 5209.80
Face Value: 10.00
Total Debt: 1
Net Working Capital: 4
Contingent Liabilities: 3
Book Value per Share: 5209.80
Face Value: 10.00

Mar 2022

Equity Capital: 1
: 9
: 1
Trade Payables: 36
: 6
Total Liabilities: 53
: 1
: 2
: 28
: 0
Cash & Bank: 9
: 13
Total Assets: 53
Total Debt: 1
Net Working Capital: 9
Contingent Liabilities: 3
Book Value per Share: 91.84
Face Value: 10.00
Total Debt: 1
Net Working Capital: 9
Contingent Liabilities: 3
Book Value per Share: 91.84
Face Value: 10.00

Mar 2023

Equity Capital: 1
: 14
: 4
Trade Payables: 33
: 10
Total Liabilities: 62
: 0
: 0
: 28
: 0
Cash & Bank: 5
: 29
Total Assets: 62
Total Debt: 9
Net Working Capital: 16
Contingent Liabilities: 5
Book Value per Share: 139.63
Face Value: 10.00
Total Debt: 9
Net Working Capital: 16
Contingent Liabilities: 5
Book Value per Share: 139.63
Face Value: 10.00

Mar 2024

Equity Capital: 11
: 14
: 6
Trade Payables: 45
: 40
Total Liabilities: 116
: 1
: 0
: 27
: 60
Cash & Bank: 13
: 15
Total Assets: 116
Total Debt: 13
Net Working Capital: 34
Contingent Liabilities: 0
Book Value per Share: 22.34
Face Value: 10.00
Total Debt: 13
Net Working Capital: 34
Contingent Liabilities: 0
Book Value per Share: 22.34
Face Value: 10.00

Mar 2025

Equity Capital: 15
: 33
: 7
Trade Payables: 18
: 21
Total Liabilities: 95
: 1
: 0
: 22
: 31
Cash & Bank: 17
: 24
Total Assets: 95
Total Debt: 9
Net Working Capital: 37
Contingent Liabilities: 4
Book Value per Share: 32.04
Face Value: 10.00
Total Debt: 9
Net Working Capital: 37
Contingent Liabilities: 4
Book Value per Share: 32.04
Face Value: 10.00

Mar 2026

Equity Capital: 15
: 36
: 17
Trade Payables: 15
: 11
Total Liabilities: 94
: 1
: 1
: 13
: 38
Cash & Bank: 1
: 40
Total Assets: 94
Total Debt: 18
Net Working Capital: 49
Contingent Liabilities: 5
Book Value per Share: 33.73
Face Value: 10.00
Total Debt: 18
Net Working Capital: 49
Contingent Liabilities: 5
Book Value per Share: 33.73
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-3	7	-13	-7	1	-23
Cash from Investing	5	-2	2	-1	-0	-1
Cash from Financing	0	1	7	15	3	8
	2	5	-4	8	4	-16
Free Cash Flow	-3	6	-13	-8	0	-23
OCF / Net Profit	-1.29	1.56	-2.46	-0.72	0.17	-8.87
Cumulative 5-Year FCF	0	0	0	0	0	-37
OCF / Net Profit	-1.29	1.56	-2.46	-0.72	0.17	-8.87
Cumulative 5-Year FCF	0	0	0	0	0	-37

Mar 2021

: -3
Cash from Investing: 5
Cash from Financing: 0
: 2
Free Cash Flow: -3
OCF / Net Profit: -1.29
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.29
Cumulative 5-Year FCF: 0

Mar 2022

: 7
Cash from Investing: -2
Cash from Financing: 1
: 5
Free Cash Flow: 6
OCF / Net Profit: 1.56
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.56
Cumulative 5-Year FCF: 0

Mar 2023

: -13
Cash from Investing: 2
Cash from Financing: 7
: -4
Free Cash Flow: -13
OCF / Net Profit: -2.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.46
Cumulative 5-Year FCF: 0

Mar 2024

: -7
Cash from Investing: -1
Cash from Financing: 15
: 8
Free Cash Flow: -8
OCF / Net Profit: -0.72
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.72
Cumulative 5-Year FCF: 0

Mar 2025

: 1
Cash from Investing: -0
Cash from Financing: 3
: 4
Free Cash Flow: 0
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 0

Mar 2026

: -23
Cash from Investing: -1
Cash from Financing: 8
: -16
Free Cash Flow: -23
OCF / Net Profit: -8.87
Cumulative 5-Year FCF: -37
OCF / Net Profit: -8.87
Cumulative 5-Year FCF: -37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-
EPS (₹)	2277.50	39.37	47.78	8.38	2.56	1.69
Book Value (₹)	5209.80	91.84	139.63	22.34	32.04	33.73
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.43	4.28	5.04	8.67	2.90	1.99
PROFITABILITY	-	-	-	-	-	-
Operating Margin %	3.21%	2.69%	2.28%	3.34%	2.00%	1.13%
Net Margin %	2.11%	1.71%	1.54%	2.43%	2.33%	1.45%
ROE %	43.72%	56.75%	41.28%	46.18%	10.58%	5.13%
ROCE %	57.10%	75.86%	42.57%	36.57%	10.86%	7.15%
	6.53%	9.94%	9.18%	10.42%	3.68%	2.71%
EFFICIENCY	-	-	-	-	-	-
Debtor Days	50	16	14	38	99	71
Inventory Days	44	30	30	26	53	36
Payable Days	111	63	54	62	125	46
	-17	-18	-10	2	28	62
FINANCIAL HEALTH	-	-	-	-	-	-
Debt to Equity (x)	0.11x	0.11x	0.57x	0.53x	0.19x	0.35x
Interest Coverage (x)	38.39x	18.72x	19.69x	15.09x	7.14x	3.95x
	1.15x	1.20x	1.39x	1.47x	1.83x	2.18x
GROWTH	-	-	-	-	-	-
Revenue Growth %	0.00%	136.20%	35.38%	11.07%	-56.52%	5.56%
Operating Profit Growth %	0.00%	97.59%	14.90%	76.43%	-54.06%	-20.87%
Net Profit Growth %	0.00%	92.04%	21.37%	75.43%	-58.26%	-34.11%
	0.00%	0.00%	0.00%	-82.46%	-69.45%	-34.11%
VALUATION	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	10.86x	6.04x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.87x	0.30x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.82x	5.42x	6.39x

Mar 2021

EPS (₹): 2277.50
Book Value (₹): 5209.80
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.43
Operating Margin %: 3.21%
Net Margin %: 2.11%
ROE %: 43.72%
ROCE %: 57.10%
: 6.53%
Debtor Days: 50
Inventory Days: 44
Payable Days: 111
: -17
Debt to Equity (x): 0.11x
Interest Coverage (x): 38.39x
: 1.15x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 39.37
Book Value (₹): 91.84
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.28
Operating Margin %: 2.69%
Net Margin %: 1.71%
ROE %: 56.75%
ROCE %: 75.86%
: 9.94%
Debtor Days: 16
Inventory Days: 30
Payable Days: 63
: -18
Debt to Equity (x): 0.11x
Interest Coverage (x): 18.72x
: 1.20x
Revenue Growth %: 136.20%
Operating Profit Growth %: 97.59%
Net Profit Growth %: 92.04%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 47.78
Book Value (₹): 139.63
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.04
Operating Margin %: 2.28%
Net Margin %: 1.54%
ROE %: 41.28%
ROCE %: 42.57%
: 9.18%
Debtor Days: 14
Inventory Days: 30
Payable Days: 54
: -10
Debt to Equity (x): 0.57x
Interest Coverage (x): 19.69x
: 1.39x
Revenue Growth %: 35.38%
Operating Profit Growth %: 14.90%
Net Profit Growth %: 21.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 8.38
Book Value (₹): 22.34
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.67
Operating Margin %: 3.34%
Net Margin %: 2.43%
ROE %: 46.18%
ROCE %: 36.57%
: 10.42%
Debtor Days: 38
Inventory Days: 26
Payable Days: 62
: 2
Debt to Equity (x): 0.53x
Interest Coverage (x): 15.09x
: 1.47x
Revenue Growth %: 11.07%
Operating Profit Growth %: 76.43%
Net Profit Growth %: 75.43%
: -82.46%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.82x

Mar 2025

EPS (₹): 2.56
Book Value (₹): 32.04
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.90
Operating Margin %: 2.00%
Net Margin %: 2.33%
ROE %: 10.58%
ROCE %: 10.86%
: 3.68%
Debtor Days: 99
Inventory Days: 53
Payable Days: 125
: 28
Debt to Equity (x): 0.19x
Interest Coverage (x): 7.14x
: 1.83x
Revenue Growth %: -56.52%
Operating Profit Growth %: -54.06%
Net Profit Growth %: -58.26%
: -69.45%
P/E (x): 10.86x
P/B (x): 0.87x
Dividend Yield %: 0.00%
: 5.42x

Mar 2026

EPS (₹): 1.69
Book Value (₹): 33.73
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.99
Operating Margin %: 1.13%
Net Margin %: 1.45%
ROE %: 5.13%
ROCE %: 7.15%
: 2.71%
Debtor Days: 71
Inventory Days: 36
Payable Days: 46
: 62
Debt to Equity (x): 0.35x
Interest Coverage (x): 3.95x
: 2.18x
Revenue Growth %: 5.56%
Operating Profit Growth %: -20.87%
Net Profit Growth %: -34.11%
: -34.11%
P/E (x): 6.04x
P/B (x): 0.30x
Dividend Yield %: 0.00%
: 6.39x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.35	72.35	72.35	72.35	72.35	72.35
	0.08	0.00	0.00	0.00	0.00	0.00
	2.10	1.53	1.53	1.53	1.53	1.53
Government	0.00	0.00	0.00	0.00	0.00	0.00
	25.47	26.12	26.12	26.12	26.12	26.12

Sep 2024

: 72.35
: 0.08
: 2.10
Government: 0.00
: 25.47

Mar 2025

: 72.35
: 0.00
: 1.53
Government: 0.00
: 26.12

Sep 2025

: 72.35
: 0.00
: 1.53
Government: 0.00
: 26.12

Dec 2025

: 72.35
: 0.00
: 1.53
Government: 0.00
: 26.12

Mar 2026

: 72.35
: 0.00
: 1.53
Government: 0.00
: 26.12

Jun 2026

: 72.35
: 0.00
: 1.53
Government: 0.00
: 26.12

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.