# Ashoka India Equity Investment Trust plc (AIE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 254p, market value 430 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ashoka India Equity Investment Trust plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 5.5×**. Each dollar of revenue is priced at 5.5×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.3×**. Enterprise value is 4.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -5.2%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 143.6%**. Ashoka India Equity Investment Trust plc keeps 143.6% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 88.1%**. 88.1% of revenue is left after running the business, an exceptional level.
- **Net margin: -1.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 9.5%**. Return on all capital, debt included, is 9.5%.
- **Return on assets: 8.3%**. Each dollar of assets produces 8.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 12.5%** (3-yr 89.2%/yr). Revenue grew 12.5% over the last year.
- **EPS growth (1 yr): -100.8%**. Earnings per share fell 100.8%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 27 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Ashoka India Equity Investment Trust plc does not currently pay a dividend, but it returned -26.9% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -3.2%** (YTD -4.6%, 3-mo 10.2%). The shares are down 3.2% over twelve months including dividends.
- **From 52-week high: -11.3%** (18.4% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.51** (volatility 20%). Beta of 0.51 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AIE.L · Page: https://foliofundamentals.com/stocks/aie.l

Not investment advice.