Ashirwad Steels & Industries Ltd - Stock Valuation and Financial Performance

BSE: 526847 | NSE: | Steel/Sponge Iron/Pig Iron | Small Cap

Ashirwad Steels &Ind Share Price

38.66 -0.83 -2.10%
as on 28-Mar'24 16:01

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Ashirwad Steels & Industries stock performance -

mw4me loader
P/E Ratio (SA):
25.38
Market Cap:
48.3 Cr.
52-wk low:
16.6
52-wk high:
54.6

Is Ashirwad Steels & Industries Ltd an attractive stock to invest in?

1. Is Ashirwad Steels & Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashirwad Steels & Industries Ltd is a below average quality company.

2. Is Ashirwad Steels & Industries Ltd undervalued or overvalued?

The key valuation ratios of Ashirwad Steels & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Ashirwad Steels & Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashirwad Steels & Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ashirwad Steels &Ind:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ashirwad Steels & Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.4%2.4%2%1.8%1%-2.3%-1.4%1.1%3.4%8.5%-
Value Creation
Index
-0.9-0.8-0.9-0.9-0.9-1.2-1.1-0.9-0.8-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15.15.20.91.922.32.88.21.63.32.11
Sales YoY Gr.--65.9%-83.1%112.6%1,103.8%-87.6%196.4%-80.7%106.3%-35.3%-
Adj EPS 0.30.80.70.70.4-1.1-0.70.51.54.71.5
YoY Gr.-176.7%-12.1%0%-50.7%-394.4%NANA228.9%220.3%-
BVPS (₹) 40.640.540.641.842.248.544.645.249.162.763.9
Adj Net
Profit
0.410.90.90.5-1.3-0.90.61.95.92
Cash Flow from Ops. -4.94-0.7-1.5-3.2-8.73.7-19.216.9-
Debt/CF from Ops. 0000000.6000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -19.7%-37.6%-36.3%-35.3%
Adj EPS 35.9%67.5%NA220.3%
BVPS5%8.3%12%27.7%
Share Price 27.4% 29.8% 51.5% 120.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.721.81.80.9-2.3-1.613.28.52.4
Op. Profit
Mgn %
-6.7-11.4-156.6-23.8-3-167.2-25.4-118.215.844.79.4
Net Profit
Mgn %
2.520.1104.449.32.1-48-11.135.656.9281.2181
Debt to
Equity
0000000000-
Working Cap
Days
5551,81910,1315,2294914,8801,7909,5525,3189,9162,459
Cash Conv.
Cycle
1564411,5015055992326885919602,449

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 2.40%

Sales growth has been subdued in last 3 years -36.34%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 5.89%

Latest Financials - Ashirwad Steels & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 -
TTM Sales (₹ Cr.) 1.1 -
BVPS (₹.) 63.9 -
Reserves (₹ Cr.) 67 -
P/BV 0.60 -
PE 25.38 -
From the Market
52 Week Low / High (₹) 16.60 / 54.63
All Time Low / High (₹) 1.00 / 54.63
Market Cap (₹ Cr.) 48.3
Equity (₹ Cr.) 12.5
Face Value (₹) 10
Industry PE 20

Management X-Ray of Ashirwad Steels &Ind:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ashirwad Steels &Ind

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales15.125.150.871.8522.272.768.181.583.262.11
Operating Expenses 16.147.453.272.5322.937.4014.244.694.101.56
Manufacturing Costs1.420.670.840.201.870.650.881.650.770
Material Costs13.334.440.851.1219.901.968.200.5500
Employee Cost 0.730.370.250.590.530.620.530.340.330.61
Other Costs 0.671.961.330.630.624.154.622.143.010.95
Operating Profit -1.02-2.30-2.40-0.67-0.66-4.63-6.06-3.11-0.850.55
Operating Profit Margin (%) -6.7%-44.8%-275.0%-36.4%-3.0%-167.0%-74.1%-197.0%-26.0%26.1%
Other Income 2.793.103.172.151.7814.742.993.180.872.34
Interest 0.470.290.120.030.120.030.100.060.200.03
Depreciation 1.130.670.630.630.620.460.360.360.350.08
Exceptional Items 0-0.080000005.3115.88
Profit Before Tax 0.17-0.250.030.820.399.61-3.53-0.354.7818.66
Tax -0.20-0.12-0.150.06-0.132.090.14-0.030.161.89
Profit After Tax 0.37-0.130.180.760.527.52-3.67-0.314.6216.77
PAT Margin (%) 2.5%-2.5%20.9%41.0%2.3%272.2%-44.9%-20.0%141.9%795.7%
Adjusted EPS (₹)0.3-0.10.20.60.46.0-2.9-0.33.713.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 50.6950.5950.7152.2152.6860.6355.7656.4561.3678.38
Share Capital 12.5012.5012.5012.5012.5012.5012.5012.5012.5012.50
Reserves 38.1938.0938.2139.7140.1848.1343.2643.9548.8665.88
Minority Interest0000000000
Debt0000001.99000
Long Term Debt0000000000
Short Term Debt0000001.99000
Trade Payables0000.141.040.170.53000
Others Liabilities 3.322.582.231.491.933.533.040.760.441.65
Total Liabilities 54.0153.1752.9453.8455.6564.3461.3257.2061.8080.03

Fixed Assets

Gross Block22.3121.9722.1822.1021.8812.3112.7812.801.721.25
Accumulated Depreciation12.2712.7913.2313.8614.487.437.798.151.100.82
Net Fixed Assets10.049.188.958.247.404.884.994.650.610.42
CWIP 00000000.9400
Investments 4.494.463.027.818.8711.9110.218.985.2117.37
Inventories7.173.983.132.265.469.313.873.3000
Trade Receivables2.070.05001.850.500.890.2100
Cash Equivalents 11.8912.4219.974.283.470.410.290.792.970.75
Others Assets18.3523.0817.8731.2528.6037.3341.0838.345361.49
Total Assets 54.0153.1752.9453.8455.6564.3461.3257.2061.8080.03

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -4.923.95-0.67-1.46-3.19-8.723.66-1.029.1516.87
PBT 0.17-0.170.030.820.399.61-3.53-0.35-0.532.78
Adjustment -1.03-1.97-2.07-1.50-1.28-10.121.62-1.012.03-1.84
Changes in Working Capital -4.065.920.95-0.71-2.25-5.575.670.342.51.94
Tax Paid 00.170.27-0.08-0.05-2.65-0.100-0.16-1.89
Cash Flow From Investing Activity 2.690.845.322.01-1.0617.15-16.873.4911.15-9.65
Capex 00.153.88-0.100.2215.84-0.47-0.013.680.47
Net Investments 00.03-3-4.80-1.06-2.401.063.856.43-12.06
Others 2.690.664.446.91-0.223.71-17.45-0.351.031.94
Cash Flow From Financing Activity -2.69-4.272.89-0.02-0.11-0.031.90-2.05-0.01-0.02
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.44-0.27-0.11-0.02-0.11-0.03-0.10-0.05-0.01-0.02
Dividend Paid 0000000000
Others -2.25-430001.99-1.9900
Net Cash Flow -4.930.537.540.53-4.378.40-11.310.4220.297.20
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.74-0.260.361.480.9913.28-6.31-0.567.8424
ROCE (%)1.270.090.291.650.9617.02-5.79-0.518.4526.74
Asset Turnover Ratio0.310.10.020.040.470.050.150.030.050.03
PAT to CFO Conversion(x)-13.3N/A-3.72-1.92-6.13-1.16N/AN/A1.981.01
Working Capital Days
Receivable Days407100261382711900
Inventory Days1343711,4905155586825478100
Payable Days2300451111216000

Ashirwad Steels & Industries Ltd Stock News

Ashirwad Steels & Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashirwad Steels &Ind on 28-Mar-2024 16:01 is ₹38.66.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ashirwad Steels &Ind stood at ₹48.33.
The latest P/E ratio of Ashirwad Steels &Ind as of 28-Mar-2024 16:01 is 25.38.
The latest P/B ratio of Ashirwad Steels &Ind as of 28-Mar-2024 16:01 is 0.60.
The 52-week high of Ashirwad Steels &Ind is ₹54.63 and the 52-week low is ₹16.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashirwad Steels &Ind is ₹1.05 ( Cr.) .

About Ashirwad Steels & Industries Ltd

Ashirwad Steels and Industries was incorporated in 1986 and its headquarter is situated at Kolkata. The company has two sponge iron plants located at Jamshedpur, Jharkhand and Nalgonda, Andhra Pradesh. It also has two bottling plants located at Howrah, West Bengal and Raigarh, Chhattisgarh.

The registered office of the company is located at 5th Floor, Waterloo Street, Suite No. 506, Kolkata, West Bengal-700069.

Business area of the company:

The company manufactures and supplies sponge iron used in manufacturing finished steel. Under its bottling business, the company is engaged in bottling of hydrocarbon gas and liquefied petroleum gas (LPG).

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