BSE: 543927
Asian Warehousing Limited
Provides foodgrain warehousing services to government agencies, most recently securing a Food Corporation of India (FCI), Jaipur contract for 4,060 metric tonnes of storage capacity at Rs 7.40 per quintal per month under the Price Support Scheme 2010. FY26 revenue was Rs 1.791 crore, against total assets of Rs 34.66 crore. Operating costs have no materials component; employee expenses run at 14.5% of revenue, other operating costs at 25.4%, and depreciation at 12.8%. Capital expenditure was 41.7% of revenue, reflecting ongoing investment in storage infrastructure. Profit after tax was Rs 0.2336 crore in FY26, with EBITDA margin at 60.94%. Classified under food storage facilities, it qualifies for SEBI exemptions meant for smaller listed entities, with paid-up capital of Rs 3.49 crore and net worth of Rs 3.31 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Foodgrain warehousing services. Asset-heavy, very small-scale foodgrain warehousing
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 2 |
| EBITDA (ex other income) | 1 | 1 | 1 | 1 |
| margin % | 72.1 | 70.2 | 35.0 | 60.0 |
| Owners' profit | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.49 | 0.42 | 0.17 | 0.67 |
| ROE % · ROCE % | 0.7 · 3.5 | 0.6 · 3.2 | 0.2 · 1.9 | 0.9 · 3.1 |
| Debt / equity (x) | 0.29 | 0.29 | 0.27 | 0.27 |
| Cash from operations | 1 | 1 | 1 | 2 |
| Capex | 0 | 0 | 0 | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | (0) | (0) | (0) | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | (0) | 0 | 0 | 0 | (0) | 0 | 0 |
| EPS (₹) | 0.03 | (0.25) | 0.01 | 0.00 | 0.21 | 0.00 | 0.46 | 0.10 |
Exhibit 3: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.2 | 16.5 | 19 of 25 | 25% |
| P/B | 0.4 | 1.8 | 4 of 23 | 82% |
| ROCE | 0.6 | 8.4 | 21 of 29 | 29% |
| ROE | 0.9 | 2.0 | 14 of 23 | 41% |
| Debt / Equity | 0.3 | 0.1 | 17 of 22 | 24% |
| EBITDA margin | 48.1 | 18.4 | 5 of 22 | 81% |
| Revenue growth | 22.0 | 9.2 | 8 of 24 | 70% |
| Profit growth | 17600.0 | 12.5 | 1 of 21 | 100% |
| Market cap | 11 | 92 | 29 of 30 | 3% |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Reg 74(5) demat confirmation certificate for Jul-Sep 2026 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading Window Closure from October 1, 2026 till Q2 Results Declaration | compliance | minimal | — | — |
| 22 Sept 2026 · AGM approves MD re-appointment and CFO related party deal | management changes | medium | — | — |
| 22 Sept 2026 · Promoter Bhavik Bhimjyani re-appointed as Chairman and MD for 3 years | management changes | high | — | — |
| 22 Sept 2026 · 14th AGM: All 4 resolutions passed, including MD re-appointment | compliance | minimal | — | — |
| 21 Sept 2026 · 14th AGM held on Sep 21, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Newspaper publication of 14th AGM notice and Annual Report | compliance | minimal | — | — |
| 28 Aug 2026 · Asian Warehousing files FY26 Annual Report; 14th AGM on Sept 21, 2026 | general | medium | — | — |
| 28 Aug 2026 · 14th AGM notice on Sep 21, 2026; CMD reappointment and CFO remuneration approval | board shareholder meetings | low | — | — |
| 25 Aug 2026 · 14th AGM notice published; e-voting Sep 18 to 20, 2026 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.