Ashoka Refinerie

Ashoka Refineries Ltd Management Discussions

NSEBSE

₹15.43

(-4.99%)

Oct 5, 2026|12:00:00 AM

Ashoka Refineries Ltd Share Price Management Discussions

Management Discussion and Analysis as required under Regulation 34 of SEBI (LODR) Regulations, 2015 read with Schedule-V of the said Regulations, forms part of this Boards Report as follows:

FORWARD- LOOKING STATEMENT

This report contains forward-looking statements based on certain assumptions and expectations of future events. The Company, therefore, cannot guarantee that these assumptions and expectations are accurate or will be realized. The Companys actual results, performance or achievements can thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events.

INDUSTRY STRUCTURE AND DEVELOPMENTS AND BUSINESS OVERVIEW

The Company is mainly engaged in trading of goods. The Directors and KMPs aim to further take forward the business and expand the business barring any unforeseen circumstances. During the year under review, Your Company has recorded a turnover of Rs. 3.64 Lakhs as compared to Rs. 31.34 Lakhs and a net loss of Rs. 15.50 Lakhs . The Directors continue to make sustained efforts and are optimistic about achieving growth in the current year, barring any unforeseen events.

SEGMENT WISE REPORTING

During the year under review, the Company is working in a single segment and thus segment wise report is not required.

SWOT

The Companys strength lies in its strong determination, a low equity remains a key weakness, limiting growth potential, there are multiple opportunities for expansion in the trading sector, the main threat is the small scale of operations, which may affect competitiveness.

RISK AND CONCERNS

In any business, risks and prospects are inseparable. As a responsible management, the Companys principal endeavor is to maximize returns. The Company continues to take all steps necessary to minimize losses through detailed studies and interaction with experts.

INTERNAL CONTROL

The Company has an internal control system, commensurate with the size of its operations, adequate records and documents were maintained as required by laws. The Companys audit Committee reviewed the internal control system. All efforts are being made to make the internal control system more effective.

THE FINANCIAL HIGHLIGHTS ARE AS UNDER: -

Fig. in lakhs

Particulars	31st March, 2026	31st March, 2025
Operating Income	3.64	31.34
Other Income	-	-
Total Receipts:	3.64	31.34
Total Expenses	19.14	48.02
Profit/ (Loss) Before Tax:	(15.50)	(16.68)
Prior Period Expenses	-	-
Tax Expenses	0	0
Current Tax	0	0
Less: MAT Credit Entitlement	0	0
Profit/ (Loss) for the period:	(15.50)	16.68
Other comprehensive income	(2.32)	(1.88)
Total Comprehensive Income for the period	(13.18)	(14.68)

INDUSTRIAL RELATIONS:

There is no change in nature of the business of the company. The Management of the Company is cordial with each other and terms of company in the industry remain cordial with other players on the market.

DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS, ALONG WITH DETAILED EXPLANATIONS

The Key financial ratios are given below. Further there being no significant change i. e. change of 25% or more as compared to the immediately previous financial year therefore no as such explanation is required to be given.

Ratio	Numerator	Denominator	FY 25-26	FY 24-25	% Change	Reasons (if variance is more than 25%)
Current Ratio	Current assets	Current liabilities	3.15	11.97	-73.73%	Decrease in Current ratio is due to decrease in Current assets and during the year.
Debt Equity Ratio	Total debt	Shareholders equity	0.06	0.06	5.38%	NA
Debt service Coverage Ratio	Earning for debt service	Debt service	NA	NA	NA	NA
Return on Equity	Profit after tax	Average shareholder equity	-6.16%	-6.28%	1.86%	NA
Inventory turnover ratio	Revenue from operation	Average Inventory	NA	NA	NA	NA
Trade receivable turnover ratio	Net credit sales	Average trade receivables	1.69	1.00	69.03%	Trade Receivables turnover ratio has increased because of decrease in the Average trade receivables during the current financial year.
Trade payable turnover	Net credit Purchases	Average trade payables	1.33	151.02	-99.12%	Trade payables turnover ratio has decreased because

ratio						of decrease in the Net credit Purchases during the current financial year.
Net capital turnover ratio	Net sales	Working Capital	0.01	0.12	-87.78%	Net capital turnover ratio has decreased due to decrease in turnover.
Net Profit Ratio	Net Profit	Total Revenue	-426.55%	-53.22%	701.41%	Decline in NP Ratio is because of decrease to decrease in turnover.
Return on Capital Employed	Earnings before interest & tax (EBIT)	Average Capital Employed	-5.95%	-6.10%	2.38%	NA
Return on Investment	Net Profit	Average of Cost of the Total Investment in Balance Sheet (Average Total Assets)	-5.73%	-5.89%	2.74%	NA
Interest Coverage Ratio	Earning for interest service	Interest service				NA
Operating Profit Margin	Operating Profit	Revenue from Operations	-426.55%	-53.22%	701.41%	Decline in Operating Profit Margin is because of decrease to decrease in turnover.

Ashoka Refineries Ltd Management Discussions

Ashoka Refineries Ltd Share Price Management Discussions

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