Asscher Enterprises Limited
Asscher Enterprises Limited
INE390E01019
Incorporation Date: 24-Jul-1995
Listing Status: DRHP Not Filed
About Asscher Enterprises Limited
Overview of Asscher Enterprises Limited
Asscher Enterprises Limited
1. About Company
Asscher Enterprises Limited, formerly known as Indian Seamless Enterprises Limited, is an Indian public limited company incorporated in 1995 and headquartered in Pune, Maharashtra. The company has evolved into a diversified business and investment entity with interests in group companies operating across aerospace, aviation, engineering and related sectors.
Its corporate activities include investment and treasury management, trading-related activities and the management of strategic interests in associated businesses. The company is part of a wider business group associated with the Taneja family and has links to Taneja Aerospace & Aviation Limited and other group entities.
2. Introduction & Corporate Structure
Asscher Enterprises operates through a corporate structure that includes investments in subsidiaries and relationships with associate and commonly controlled companies. Rather than operating solely as a single-product manufacturing business, its activities include managing investments and supporting the broader group's business interests.
Its registered office is located in Viman Nagar, Pune, Maharashtra. The company's business structure provides exposure to specialised industrial and technology-oriented businesses through its corporate investments.
3. Business Model & Operational Verticals
Investment and Treasury Management: The company manages strategic investments and financial resources, including investments in group entities and other permitted investment activities.
Group Company Holdings: Asscher Enterprises has held interests in businesses operating in aerospace, aviation and related industrial sectors. These investments provide a link to specialised engineering and infrastructure-oriented activities.
Trading and Commercial Activities: The company's broader business activities have included trading and other commercial operations, depending on its corporate objectives and the activities undertaken during the relevant period.
Strategic Investment Management: The company participates in a wider business ecosystem through its holdings in subsidiaries and relationships with associated entities, enabling it to maintain exposure to different business activities.
4. Key Group Companies & Business Interests
Taneja Aerospace & Aviation Limited (TAAL): A company operating in the aerospace and aviation sector, with activities including aircraft maintenance, repair and overhaul, aircraft manufacturing and assembly, aviation infrastructure and related services.
Verolt Technologies Private Limited: A technology-oriented group entity associated with the broader corporate ecosystem.
TAAL Enterprises Limited: An associated business entity within the wider group structure.
Other Group Interests: Asscher Enterprises has also been associated with other entities under common control, reflecting its position within a diversified corporate group.
The precise ownership percentages and current status of individual subsidiaries and associates should be confirmed from the latest corporate filings, as group structures and investment holdings may change over time.
5. Aerospace, Aviation & Engineering Ecosystem
Through its investment relationships, Asscher Enterprises is connected to the aerospace and aviation industry, which includes aircraft operations, maintenance services, engineering, specialised manufacturing and aviation infrastructure.
Taneja Aerospace & Aviation Limited is a significant business within this ecosystem. Its activities include aviation-related services and infrastructure, aircraft maintenance and engineering, and the manufacture and assembly of selected aerospace products.
This association provides a link to a specialised sector where technical expertise, safety standards, regulatory approvals and long-term customer relationships are important.
6. Management & Corporate Governance
Asscher Enterprises is governed by a board of directors responsible for corporate strategy, investment oversight, regulatory compliance and governance.
The company's FY2023–24 annual report identified B. R. Taneja as Managing Director and N. V. Karbhase as a director. Other directors named in company disclosures have included V. C. Ravetkar, Rajesh S. Shah and Dhananjay Prabhune. Current designations should be verified against the latest filings before being relied upon.
The company's governance responsibilities include oversight of investment decisions, related-party transactions, subsidiary relationships and statutory reporting requirements.
7. Industry & Business Ecosystem
Asscher Enterprises' business interests connect it to multiple sectors, particularly corporate investments, engineering and aerospace and aviation.
The aerospace and aviation ecosystem includes aircraft operators, maintenance providers, engineering companies, equipment manufacturers, aviation infrastructure operators and regulatory authorities. Demand in these industries is influenced by aircraft utilisation, commercial aviation activity, defence and civil aviation requirements, safety regulations and specialised engineering capabilities.
At the corporate level, investment performance and business development are influenced by the performance of its group entities, capital allocation decisions and the effective management of investments and commercial relationships.
8. Key Business Highlights
Established in 1995: An Indian public limited company with its registered office in Pune, Maharashtra.
Formerly Indian Seamless Enterprises Limited: The company operates under its current name, Asscher Enterprises Limited.
Diversified Corporate Interests: Has been associated with businesses across aerospace, aviation, engineering and related sectors.
Investment and Holding Activities: Manages strategic interests in group entities and undertakes investment and other commercial activities.
Association with TAAL: Has a corporate connection to Taneja Aerospace & Aviation Limited, a business operating in the specialised aerospace and aviation sector.
Group Business Ecosystem: Has links to other group entities, including technology-oriented and associated businesses.
Governance and Portfolio Oversight: Its business structure requires oversight of investments, subsidiaries, related-party relationships and corporate compliance.
Insights of Asscher Enterprises Limited
Asscher Enterprises Limited
Based on the consolidated profit and loss figures provided for FY26 and FY25. All monetary figures are in ₹ crore.
1. Financial Highlights
| Particulars | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Net Revenue | 78.83 | 55.38 | +42.3% |
| Total Operating Cost | 63.89 | 34.71 | +84.1% |
| EBITDA | 25.07 | 29.68 | -15.5% |
| EBITDA Margin | 31.8% | 53.6% | -21.8 pp |
| Other Income | 10.14 | 9.02 | +12.4% |
| Depreciation & Amortisation | 4.34 | 3.97 | +9.3% |
| Finance Costs | 2.19 | 0.53 | +313.2% |
| Profit Before Tax (as reported) | 18.31 | 21.82 | -16.1% |
| Income Tax | 5.94 | 10.20 | -41.8% |
| Profit from Continuing Operations | 12.37 | 11.62 | +6.5% |
| Profit from Discontinuing Operations | 0.00 | 0.00 | — |
| Total Profit for the Period | 12.37 | 11.62 | +6.5% |
pp = percentage points. Figures and percentage changes are based on the supplied data.
2. Key Financial Insights
- Strong revenue growth: Revenue increased by 42.3%, from ₹55.38 crore to ₹78.83 crore, indicating a significant expansion in reported business activity.
- Operating profitability weakened: EBITDA declined by 15.5% despite strong revenue growth. Operating costs rose by 84.1%, significantly faster than revenue, and the EBITDA margin fell from 53.6% to 31.8%.
- Higher employee and other expenses: Employee benefit expenses increased from ₹8.17 crore to ₹28.68 crore, while other expenses rose from ₹8.59 crore to ₹19.18 crore. These increases contributed to the pressure on operating profitability.
- Finance costs increased sharply: Finance costs rose from ₹0.53 crore to ₹2.19 crore. Although the absolute amount remains relatively modest, the increase warrants monitoring.
- Profit before tax declined: Reported PBT fell by 16.1%, from ₹21.82 crore to ₹18.31 crore, reflecting weaker operating profitability and higher finance costs.
- Net profit improved modestly: Total profit increased by 6.5% to ₹12.37 crore, supported partly by lower reported income tax of ₹5.94 crore compared with ₹10.20 crore in FY25.
3. Key Financial Observations
Growth versus margins: Revenue growth is encouraging, but the decline in EBITDA and EBITDA margin suggests that the company is not converting its higher sales into stronger operating earnings.
Cost structure: The sharp rise in employee benefit expenses and other expenses deserves further investigation to determine whether it reflects expansion, one-off costs or a sustained increase in the operating cost base.
Tax impact: Lower income tax helped support net profit despite the decline in PBT.
Data reconciliation: The supplied FY26 figures show PBT of ₹18.31 crore, while PBT before exceptional items is ₹18.55 crore and exceptional items are ₹0.25 crore. These figures do not reconcile exactly and should be checked against the original financial statements. The reported minority-interest/associate line of ₹6.96 crore also does not reconcile directly with the reported total profit, so its accounting treatment should be verified.
4. Key Takeaways
Revenue grew by 42.3% in FY26.
EBITDA declined by 15.5%, and the EBITDA margin fell by approximately 21.8 percentage points.
Higher employee and other expenses put pressure on operating profitability.
Reported net profit increased by 6.5%, despite lower PBT.
The sustainability of growth will depend on cost control and the company's ability to restore operating margins.
Financial Charts of Asscher Enterprises Limited
Balance Sheet of Asscher Enterprises Limited
Profit and Loss of Asscher Enterprises Limited
Ancillary of Asscher Enterprises Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Asscher Enterprises Limited
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How to buy Asscher Enterprises Limited?
Below are three ways through which you can purchase Asscher Enterprises Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Asscher Enterprises Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Asscher Enterprises Limited?
Below are three ways through which you can sell Asscher Enterprises Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Asscher Enterprises Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Asscher Enterprises Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Asscher Enterprises Limited is ₹230 and your sell price for Asscher Enterprises Limited is ₹100. The price is based on our estimates and market conditions.
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What is the lock-in period of Asscher Enterprises Limited?
The lock-in period for Asscher Enterprises Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Asscher Enterprises Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Asscher Enterprises Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Asscher Enterprises Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Asscher Enterprises Limited. The price is also determined from the most recent funding round for Asscher Enterprises Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Asscher Enterprises Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Asscher Enterprises Limited with us kindly click here.
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What are the financials of Asscher Enterprises Limited?
The financials of Asscher Enterprises Limited which includes the P/L of Asscher Enterprises Limited and the Balance Sheet of Asscher Enterprises Limited is in the financials section (Click on link).
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Where can I find the annual report of Asscher Enterprises Limited?
The annual report of Asscher Enterprises Limited is available in the annual report section (Click on link).
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Is buying Asscher Enterprises Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Asscher Enterprises Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Asscher Enterprises Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Asscher Enterprises Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Asscher Enterprises Limited?
At Altius Investech, our approach to sourcing Asscher Enterprises Limited unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Asscher Enterprises Limited unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Asscher Enterprises Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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Annual Report of Asscher Enterprises Limited
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