ASPINWALL
Aspinwall and Company Limited
Diversified conglomerate with logistics, coffee and plantation businesses
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aspinwall.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹240.00
Market cap
188 Cr
Stock P/E
11.9
P/B
0.93
Dividend yield
2.7%
ROE (FY26)
6.6%
ROCE (FY26)
8.0%
Operating margin (FY26)
2.9%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
-123.9%
OCF / EBITDA (3Y)
-115.5%
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
Aspinwall and Company is a Thiruvananthapuram-based group with logistics, coffee and plantation businesses, plus smaller other activities.
Company snapshot
6thBy market cap
Ranked among 6 companies in Diversified.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 41.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Coffee | 37.5% | 93 Cr | 11 Cr | — |
| Logistics | 41.1% | 101 Cr | 8 Cr | — |
| Others | 4.8% | 12 Cr | 0.37 Cr | — |
| Plantation | 16.5% | 41 Cr | 5 Cr | — |
What we see
Positives
- ✓Dividend payout of 39% — the company returns a meaningful share of profits to shareholders.
Concerns
- ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
Statement tables · Consolidated
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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 59 Cr | 86 Cr | 78 Cr | 83 Cr | 74 Cr | 90 Cr | 89 Cr | 90 Cr | 83 Cr | 114 Cr | 130 Cr | 113 Cr |
| Operating expenses (approx.) | 57 Cr | 83 Cr | 75 Cr | 79 Cr | 69 Cr | 84 Cr | 85 Cr | 92 Cr | 83 Cr | 103 Cr | 121 Cr | 112 Cr |
| EBITDA | 3 Cr | 3 Cr | 2 Cr | 4 Cr | 5 Cr | 6 Cr | 4 Cr | -2 Cr | 0.09 Cr | 10 Cr | 9 Cr | 1 Cr |
| OPM % | 4.5% | 3.7% | 3.2% | 5.1% | 6.3% | 6.9% | 4.2% | -2.0% | 0.1% | 8.9% | 7.0% | 1.0% |
| Other income | 0.74 Cr | 1 Cr | 4 Cr | 2 Cr | 1 Cr | 1 Cr | 2 Cr | 1 Cr | 0.74 Cr | 1 Cr | 2 Cr | 2 Cr |
| Interest | 1 Cr | 1 Cr | 0.36 Cr | 0.63 Cr | 0.77 Cr | 0.76 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 2 Cr |
| Depreciation | 1 Cr | 1 Cr | 2 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 2 Cr |
| Profit before tax | 0.97 Cr | 2 Cr | 4 Cr | 5 Cr | 4 Cr | 6 Cr | 2 Cr | -4 Cr | 3 Cr | 7 Cr | 9 Cr | -0.54 Cr |
| Tax % | 8.2% | -21.8% | -25.6% | 19.9% | 1.3% | 14.5% | -10.2% | 17.6% | 14.4% | -6.0% | 31.0% | -29.6% |
| Net profit | 0.89 Cr | 3 Cr | 6 Cr | 4 Cr | 4 Cr | 5 Cr | 2 Cr | -3 Cr | 3 Cr | 8 Cr | 6 Cr | -0.70 Cr |
| EPS (₹) | ₹1.14 | ₹3.36 | ₹7.21 | ₹4.69 | ₹4.84 | ₹6.16 | ₹2.89 | ₹-4.18 | ₹3.58 | ₹9.74 | ₹7.69 | ₹-0.90 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 245 Cr | 283 Cr | 276 Cr | 256 Cr | 253 Cr | 260 Cr | 295 Cr | 296 Cr | 336 Cr | 417 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 225 Cr | 256 Cr | 265 Cr | 256 Cr | 241 Cr | 241 Cr | 273 Cr | 287 Cr | 317 Cr | 400 Cr | Sign in free for the trailing twelve months |
| EBITDA | 20 Cr | 27 Cr | 10 Cr | 0.60 Cr | 11 Cr | 19 Cr | 21 Cr | 9 Cr | 19 Cr | 18 Cr | Sign in free for the trailing twelve months |
| OPM % | 8.3% | 9.4% | 3.8% | 0.2% | 4.5% | 7.2% | 7.2% | 3.1% | 5.6% | 4.2% | Sign in free for the trailing twelve months |
| Other income | 6 Cr | 4 Cr | 8 Cr | 7 Cr | 5 Cr | 3 Cr | 5 Cr | 9 Cr | 6 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Interest | 5 Cr | 4 Cr | 7 Cr | 5 Cr | 4 Cr | 3 Cr | 2 Cr | 3 Cr | 4 Cr | 7 Cr | Sign in free for the trailing twelve months |
| Depreciation | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr | 6 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 17 Cr | 21 Cr | 9 Cr | -0.60 Cr | 9 Cr | 19 Cr | 36 Cr | 10 Cr | 16 Cr | 15 Cr | Sign in free for the trailing twelve months |
| Tax % | 39.9% | 37.4% | 16.4% | 30.0% | 31.1% | 18.3% | 20.0% | -11.8% | 9.8% | 13.4% | Sign in free for the trailing twelve months |
| Net profit | 10 Cr | 13 Cr | 7 Cr | -0.42 Cr | 6 Cr | 15 Cr | 29 Cr | 11 Cr | 15 Cr | 13 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹12.67 | ₹16.51 | ₹9.28 | ₹-0.54 | ₹8.22 | ₹19.53 | ₹36.51 | ₹13.66 | ₹18.59 | ₹16.83 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.5% | 17.5% | 16.4% | 43.5% | 32.3% | 38.5% | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr |
| Reserves | 119 Cr | 129 Cr | 132 Cr | 127 Cr | 134 Cr | 146 Cr | 169 Cr | 175 Cr | 185 Cr | 193 Cr |
| Borrowings | 23 Cr | 65 Cr | 63 Cr | 43 Cr | 32 Cr | 21 Cr | 14 Cr | 21 Cr | 67 Cr | 76 Cr |
| Other liabilities | 62 Cr | 62 Cr | 53 Cr | 59 Cr | 59 Cr | 65 Cr | 55 Cr | 46 Cr | 52 Cr | 57 Cr |
| Total liabilities | 211 Cr | 263 Cr | 256 Cr | 237 Cr | 233 Cr | 240 Cr | 246 Cr | 250 Cr | 312 Cr | 333 Cr |
| Fixed assets (net) | 52 Cr | 53 Cr | 64 Cr | 63 Cr | 59 Cr | 62 Cr | 65 Cr | 68 Cr | 66 Cr | 72 Cr |
| CWIP | 12 Cr | 18 Cr | — | 0.09 Cr | 2 Cr | 0.57 Cr | 0.74 Cr | 0.66 Cr | 3 Cr | 2 Cr |
| Investments | 3 Cr | 3 Cr | 3 Cr | 1 Cr | 1 Cr | 2 Cr | 13 Cr | 14 Cr | 13 Cr | 13 Cr |
| Inventories | 62 Cr | 108 Cr | 99 Cr | 69 Cr | 67 Cr | 84 Cr | 68 Cr | 70 Cr | 120 Cr | 148 Cr |
| Trade receivables | 27 Cr | 34 Cr | 33 Cr | 42 Cr | 39 Cr | 27 Cr | 24 Cr | 26 Cr | 34 Cr | 51 Cr |
| Cash & bank | 5 Cr | 3 Cr | 4 Cr | 5 Cr | 6 Cr | 8 Cr | 39 Cr | 35 Cr | 14 Cr | 9 Cr |
| Other assets | 51 Cr | 43 Cr | 53 Cr | 56 Cr | 59 Cr | 55 Cr | 37 Cr | 36 Cr | 62 Cr | 38 Cr |
| Total assets | 211 Cr | 263 Cr | 256 Cr | 237 Cr | 233 Cr | 240 Cr | 246 Cr | 250 Cr | 312 Cr | 333 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 24 Cr | -30 Cr | 17 Cr | 31 Cr | 20 Cr | 16 Cr | 35 Cr | 4 Cr | -35 Cr | -22 Cr |
| Cash from investing | -7 Cr | -6 Cr | -3 Cr | 0.17 Cr | -1 Cr | 3 Cr | 9 Cr | -7 Cr | -23 Cr | 20 Cr |
| Cash from financing | -17 Cr | 35 Cr | -13 Cr | -31 Cr | -18 Cr | -17 Cr | -13 Cr | -1 Cr | 37 Cr | -3 Cr |
| Net cash flow | -1 Cr | -1 Cr | 0.98 Cr | 0.53 Cr | 0.72 Cr | 2 Cr | 31 Cr | -4 Cr | -21 Cr | -5 Cr |
| Free cash flow (OCF − Capex) | 16 Cr | -38 Cr | 11 Cr | 29 Cr | 15 Cr | 11 Cr | 30 Cr | -8 Cr | -43 Cr | -31 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 14.6% | 12.4% | 7.6% | 2.4% | 7.6% | 12.3% | 19.5% | 6.4% | 7.8% | 8.0% |
| ROE % | 7.8% | 9.5% | 5.2% | -0.3% | 4.5% | 9.9% | 16.2% | 5.8% | 7.5% | 6.6% |
| Debtor days | 40 | 44 | 44 | 59 | 57 | 39 | 29 | 32 | 37 | 44 |
| Inventory days | 276 | 407 | 276 | 309 | 368 | 412 | 350 | 246 | 428 | 418 |
| Days payable | 21 | 35 | 25 | 64 | 83 | 72 | 61 | 34 | 45 | 46 |
| Cash conversion cycle | 295 | 416 | 295 | 305 | 342 | 379 | 317 | 244 | 419 | 416 |
| OCF / EBITDA % | 115.2% | -112.9% | 162.7% | n.m. | 180.7% | 87.8% | 164.2% | 48.9% | -186.9% | -123.9% |
| OCF / EBITDA % (3 years) | — | — | 17.9% | 47.6% | n.m. | 222.7% | 140.0% | 113.7% | 8.1% | -115.5% |
| Debt / equity | 0.18 | 0.47 | 0.45 | 0.32 | 0.23 | 0.14 | 0.08 | 0.11 | 0.35 | 0.38 |
| Current ratio | 2.05 | 1.58 | 1.57 | 1.51 | 1.68 | 1.93 | 2.37 | 2.40 | 1.83 | 1.84 |
| Net debt / EBITDA | 0.89 | — | 5.71 | — | — | — | -1.18 | -1.58 | 2.79 | 3.75 |