ARSHIYA

Arshiya Limited

Free trade warehousing zone infrastructure operator

Services›Services›Transport Services›Logistics Solution Provider

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Key metrics

Price as of 2026-10-16

Stock price
₹0.88
Market cap
23 Cr
Stock P/E
Loss (TTM EPS ₹-0.08)
Dividend yield
0.5%
Operating margin (FY24)
-56.7%
OCF / EBITDA (FY22)
716.9%
OCF / EBITDA (3Y)
76.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Arshiya develops and operates free trade and warehousing zone (FTWZ) infrastructure at Panvel in Maharashtra, India, and is going through a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.

Company snapshot

34thBy market cap

Ranked among 34 companies in Logistics Solution Provider.

Segment mix

Reportable segments as of 2024-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 93.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Domestic warehousing
4.0%
1 Cr-0.47 Cr428 Cr
FTWZ/SEZ
93.4%
32 Cr-14 Cr1,650 Cr
Rail Transport Operation/ICD
2.6%
0.88 Cr6 Cr418 Cr
Unallocated—0 Cr0 Cr77 Cr

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2022Sept 2022Dec 2022Mar 2023Jun 2023Sept 2023Dec 2023Mar 2024Mar 2025Jun 2025Sept 2025Dec 2025
Sales7 Cr7 Cr10 Cr2 Cr3 Cr3 Cr3 Cr3 Cr5 Cr5 Cr5 Cr5 Cr
Operating expenses (approx.)4 Cr9 Cr19 Cr67 Cr42 Cr5 Cr5 Cr10 Cr3 Cr3 Cr5 Cr3 Cr
EBITDA3 Cr-2 Cr-9 Cr-66 Cr-39 Cr-1 Cr-2 Cr-6 Cr2 Cr2 Cr-0.19 Cr1 Cr
OPM %37.6%-30.7%-83.7%-4120.7%-1134.1%-37.7%-52.1%-186.3%42.1%40.3%-4.2%29.9%
Other income8 Cr0.79 Cr2 Cr4 Cr1 Cr1 Cr1 Cr1 Cr-0.84 Cr0.07 Cr0.21 Cr0.13 Cr
Interest23 Cr32 Cr21 Cr38 Cr30 Cr31 Cr36 Cr203 Cr0.34 Cr0 Cr0.0001 Cr0.01 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax-14 Cr-36 Cr-30 Cr-102 Cr-69 Cr-33 Cr-39 Cr-1,034 Cr-0.88 Cr0.37 Cr-2 Cr-0.06 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-14 Cr-36 Cr-30 Cr-102 Cr-69 Cr-33 Cr-39 Cr-1,034 Cr-0.88 Cr0.37 Cr-2 Cr-0.06 Cr
EPS (₹)₹-0.55₹-1.37₹-1.13₹-3.85₹-2.63₹-1.25₹-1.48₹-39.23₹-0.03₹0.01₹-0.06₹0.00

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales81 Cr85 Cr131 Cr239 Cr67 Cr62 Cr26 Cr14 Cr15 CrSign in free for the trailing twelve months
Operating expenses (approx.)29 Cr31 Cr54 Cr78 Cr25 Cr44 Cr100 Cr62 Cr24 CrSign in free for the trailing twelve months
EBITDA52 Cr54 Cr77 Cr161 Cr42 Cr18 Cr-74 Cr-49 Cr-9 CrSign in free for the trailing twelve months
OPM %64.5%63.6%58.7%67.3%63.1%28.6%-282.6%-352.5%-62.3%Sign in free for the trailing twelve months
Other income10 Cr10 Cr22 Cr12 Cr18 Cr8 Cr15 Cr5 Cr8 CrSign in free for the trailing twelve months
Interest130 Cr125 Cr112 Cr131 Cr148 Cr86 Cr114 Cr300 Cr19 CrSign in free for the trailing twelve months
Depreciation22 Cr21 Cr15 Cr16 Cr13 Cr10 Cr8 Cr8 Cr7 CrSign in free for the trailing twelve months
Profit before tax-70 Cr52 Cr-35 Cr-1,055 Cr-100 Cr402 Cr-181 Cr-1,175 Cr-1,094 CrSign in free for the trailing twelve months
Tax %—0.0%0.0%-1.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Net profit-70 Cr52 Cr-35 Cr-1,066 Cr-100 Cr402 Cr-181 Cr-1,175 Cr-1,094 CrSign in free for the trailing twelve months
EPS (₹)₹-4.49₹2.84₹-1.48₹-43.13₹-3.88₹15.31₹-6.91₹-44.59₹-41.54Sign in free for the trailing twelve months
Dividend payout %—————0.0%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity capital31 Cr46 Cr49 Cr52 Cr52 Cr52 Cr53 Cr53 Cr53 Cr
Reserves1,197 Cr1,613 Cr1,666 Cr652 Cr0 Cr860 Cr680 Cr-399 Cr-1,493 Cr
Borrowings791 Cr793 Cr695 Cr638 Cr—598 Cr600 Cr816 Cr836 Cr
Other liabilities635 Cr242 Cr335 Cr502 Cr1,830 Cr199 Cr289 Cr1,082 Cr2,048 Cr
Total liabilities2,654 Cr2,694 Cr2,745 Cr1,843 Cr1,882 Cr1,710 Cr1,622 Cr1,553 Cr1,444 Cr
Fixed assets (net)1,235 Cr941 Cr739 Cr710 Cr—615 Cr516 Cr577 Cr571 Cr
CWIP——0.76 Cr———0 Cr0 Cr0 Cr
Investments1,360 Cr1,320 Cr1,347 Cr501 Cr—509 Cr454 Cr453 Cr453 Cr
Loans & advances——————202 Cr169 Cr174 Cr
Inventories——165 Cr125 Cr—125 Cr125 Cr165 Cr165 Cr
Trade receivables2 Cr8 Cr8 Cr160 Cr—136 Cr131 Cr0.24 Cr12 Cr
Cash & bank0.77 Cr1 Cr0.06 Cr0.10 Cr—0.20 Cr0.09 Cr0.12 Cr0.14 Cr
Other assets56 Cr423 Cr486 Cr346 Cr1,882 Cr325 Cr194 Cr187 Cr69 Cr
Total assets2,654 Cr2,694 Cr2,745 Cr1,843 Cr1,882 Cr1,710 Cr1,622 Cr1,553 Cr1,444 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from operating activity18 Cr-91 Cr2 Cr6 Cr35 Cr127 Cr25 Cr-17 Cr-6 Cr
Cash from investing-25 Cr91 Cr8 Cr20 Cr-22 Cr-32 Cr-16 Cr19 Cr6 Cr
Cash from financing3 Cr0.74 Cr-11 Cr-26 Cr-13 Cr-95 Cr-9 Cr-2 Cr-0.76 Cr
Net cash flow-3 Cr0.59 Cr-1 Cr0.04 Cr0.28 Cr-0.18 Cr-0.11 Cr0.03 Cr0.02 Cr
Free cash flow (OCF − Capex)14 Cr-104 Cr-9 Cr6 Cr35 Cr127 Cr25 Cr-17 Cr-6 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROCE %-4.7%15.2%0.4%-8.4%—49.6%5.2%—
ROE %-119.2%6.8%-49.6%-343.3%—135.8%-99.4%—
Debtor days32395434—978060
Inventory days00208155—304320390
Days payable23273935—536091
Cash conversion cycle912222154—348341359
OCF / EBITDA %95.9%-370.4%53.4%85.8%76.9%88.6%303.3%375.9%
OCF / EBITDA % (3 years)——-89.2%-28.3%78.0%83.7%119.4%193.4%
Debt / equity4.772.072.599.48—2.785.71—
Current ratio0.050.220.290.16—0.240.230.08
Net debt / EBITDA41.33—52.69—0.00—26.9968.98