Ashika Global Securities Limited(ASHIKA)

NSE: ASHIKABSE: 543766

₹ 361.6-3.83%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 2,673 crNext results: 31 Oct 2026Website: www.ashikagroup.comUpdated: 24 Oct 2026

About

Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) is a RBI-registered, non-deposit-taking Middle Layer NBFC-ICC incorporated in West Bengal in 1994, offering an integrated suite of broking, wealth management, lending, investment banking, research advisory, insurance broking, and AIF services. Following an NCLT-sanctioned amalgamation effective May 2026, consolidated net worth stood at ₹1,16,910.06 lakh and the group reported FY26 consolidated revenue of ₹240.05 crore. The company serves ~1,35,000+ retail clients and 100+ empanelled institutional investors across a pan-India network.^[1][2]

Business segments

Broking & Distribution contributed revenue of ₹155.43 crore (57.5% of total) with EBIT of ₹29.23 crore (18.8% margin) in FY26.^[3]
Financial Activities contributed revenue of ₹111.28 crore (41.2% of total) with EBIT of ₹68.82 crore (61.8% margin) in FY26.^[3]
On a consolidated basis, AGSL operates through subsidiaries across Financial Activities, Broking & Distribution, Wealth Management, AIF and Investment Management segments.^[1]

Products and services

Integrated offerings span retail and institutional broking, depository services, wealth management, distribution, lending, research advisory, insurance broking, and Alternative Investment Funds (AIFs).^[1]
Research team maintains active coverage of 350 - 400 stocks across large, mid, and small caps.^[1]
Investment banking division serves 200+ marquee clients across 10+ sectors including Real Estate, Consumer, Healthcare, BFSI, and F&B.^[1]
New wholly owned subsidiaries Ashika Global Wealth Services and Ashika Global Insurance Advisors were incorporated in FY26 to broaden retail wealth and risk advisory offerings.^[1]

Customers and distribution

Retail broking business serves ~1,35,000+ clients nationwide through a phygital ecosystem as of FY26.^[1]
Institutional broking desk is empanelled with 100+ institutional investors spanning Domestic Institutions, FIIs, FPIs, Bank Treasuries, AIFs, PMS, and Family Offices.^[1]
Pan-India distribution network comprises 300+ Authorised Persons and 900+ channel partners and distributors as of FY26.^[1][4]

Key operating numbers

Total Assets Under Advisory (AUA) stood at ~₹22,000 crore+ in FY26.^[4]
Total demat accounts exceeded 1,00,000 and total clients exceeded 1,25,000 as of FY26.^[4]
Consolidated net worth grew from ₹440 crore in FY25 to ₹1,169 crore in FY26 following the amalgamation.^[4]
Standalone PBT grew 48.14% YoY to ₹6,802.09 lakh in FY26, with standalone net worth up 18.16% YoY to ₹1,05,483.08 lakh.^[4]

Regulatory classification and licences

AGSL is classified as a Middle Layer NBFC under RBI's Scale-Based Regulatory Framework, having transitioned from the Base Layer in FY26.^[1][5]
Received in-principle approval from SEBI to sponsor a Mutual Fund via SEBI letter dated 30 December 2025.^[1]
Secured Category II AIF - Private Credit licence in April 2026 for structured credit and special situations investments.^[1][4]
Secured Category II AIF - Private Equity licence, enabling participation in high-growth unlisted investment opportunities.^[1]

Corporate structure and recent developments

NCLT-sanctioned Composite Scheme of Amalgamation, effective 15 May 2026, merged all subsidiaries of erstwhile Ashika Global Securities Pvt. Ltd. into the Company; renamed to Ashika Global Securities Limited on 23 June 2026.^[1]
Equity shares admitted to trading on NSE Capital Market segment effective 20 April 2026, in addition to existing BSE listing.^[1]
Flagship corporate office established at Altimus, Worli to strengthen client engagement and investment banking deal flow.^[1][4]

Credit ratings

Ashika Stock Services Limited (material subsidiary) received upgraded ratings from CARE Ratings on 23 September 2026: long-term bank facilities (₹200 crore) upgraded to CARE A-; Stable.^[6]
Short-term bank facilities (₹300 crore) and commercial paper (₹100 crore) of Ashika Stock Services Limited both rated CARE A1 as of 23 September 2026.^[6]

Expansion plans

Plans to launch mutual fund business following SEBI in-principle approval, targeting completion by FY27.^[4]
Plans to deploy Cat II AIF Private Credit fund to provide structured capital to mid-sized corporates, targeting FY27.^[4]
Continuing pan-India on-ground scaling to extend beyond Eastern India legacy market into Tier 2 and Tier 3 cities.^[4]

Market Cap

₹2,673 Cr

High / Low

₹520 / 358

Stock P/E

41.3

Price / Book

1.4

Book Value

₹261

EPS

₹13.5

No. of Shares

4.47 Cr

ROE

7.5%

Debt / Equity

0.22

Sales

₹240 Cr

Net Profit

₹59 Cr

Promoter holding

74.3%

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Ashika Global Securities Limited(ASHIKA)

About

Business segments

Products and services

Customers and distribution

Key operating numbers

Regulatory classification and licences

Corporate structure and recent developments

Credit ratings

Expansion plans

Signal history

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AI Deep Dive

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