Promoters Sold 7.81 Per Cent Stake & 777 Per Cent Multibagger Returns; Company Announces FY25 Results & Strategic Developments
The stock gave multibagger returns of 566 per cent from its 52-week low of Rs 48.01 per share and a whopping 777 per cent in 3 years.
Ashika Credit Capital Limited announced its audited financial results for the fiscal year ending March 31, 2025, revealing a loss of Rs 51.42 crore, primarily attributed to a net loss of Rs 50.42 crore from fair value changes. This contrasts with the profit of Rs 10.72 crore reported in the previous fiscal year (FY 23-24). Despite this financial downturn, the company highlighted several significant strategic developments aimed at bolstering its future growth trajectory.
A key development includes the Reserve Bank of India's (RBI) approval for the merger of Ashika Credit Capital with its group company, Ashika Global Securities Pvt Ltd (AGSPL), which has an approximate fair value of Rs 12,443 crore. Following further regulatory and NCLT approvals, Ashika Credit Capital is poised to become the holding company for AGSPL's diverse business verticals, encompassing stock broking, Alternative Investment Funds (AIF), wealth management, and operations in the IFSC GIFT City. Furthermore, Ashika Stock Broking Limited (ASBL), a subsidiary of AGSPL, received a rating upgrade after a thorough evaluation of the financial stability of all group entities, including Ashika Credit Capital, underscoring the overall strength of the Ashika Group.
In addition to the AGSPL merger, Ashika Credit Capital has also received regulatory approval for its proposed merger with Yaduka Financial Services Ltd, an NBFC with an approximate net worth of Rs 80 crore. Following this approval, the company intends to file its merger application with the National Company Law Tribunal (NCLT) in the near future. Demonstrating strong investor confidence, Ashika Credit Capital successfully raised over Rs 500 crore during FY25, providing a robust capital base to fuel its expansion and diversification plans.
Furthering its strategic initiatives, Ashika Credit Capital has established a new subsidiary, Ashika Private Equity Advisors Pvt Ltd, with the focus on setting up Category 2 AIFs. The company is currently in the process of seeking SEBI approval to offer investors unique opportunities within high-growth sectors. Moreover, Ashika Credit Capital is actively pursuing inorganic growth through various acquisition opportunities, aiming for immediate expansion of its market presence and a more diversified portfolio.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.
About the Company
Ashika Credit Capital Ltd., the flagship company of the Ashika Group, established in 1994 and registered with the RBI as a non-deposit-taking NBFC, is involved in fund-based activities such as providing loans and making investments. Beyond its core lending services, Ashika Credit Capital offers a wide range of financial services, including equity, commodity, and currency trading, internet trading platforms, depository services, IPO and mutual fund distribution, bond distribution, investment banking, research and advisory, corporate lending, and alternative investment funds. Their diverse clientele spans various sectors and includes notable names like Swiggy, Ola, Runwal, Gulf Petro, Xander, Saregama, Vipul, Rebel Foods, Sweetish House, KCT Group, Supermax, Mukand Infinite, Mu Sigma, Hinduja, Total, Fresh Menu, and Indian Accent, showcasing their broad market reach.
The promoters of the company 7.81 per cent in the company and decreased their stake to 50.88 per cent in May 2025 compared to March 2025. The company has a market cap of over Rs 1,000 crore. The stock gave multibagger returns of 566 per cent from its 52-week low of Rs 48.01 per share and a whopping 777 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.