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INVESTMENT INSIGHTS

Check Before You Invest : Ashirwad Steels & Industries Ltd

BSE: 526847 NSE: ISIN: INE338C01012
  |   Sector:  Metals & Mining   |   Industry:  Steel & Iron Products

Snapshot

Q.1 Which industry/sub-sector does Ashirwad Steels & Industries Ltd belong to?
Ashirwad Steels & Industries Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.
Q.2 Is Ashirwad Steels & Industries Ltd a good quality company?
Ashirwad Steels & Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Ashirwad Steels & Industries Ltd undervalued or overvalued?
Ashirwad Steels & Industries Ltd appears Fair, as its key valuation ratios are in line with their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 5-year
Historic Median
Price to Earnings 13.89 5.35
Price to Book 0.37 0.44
Price to Sales 13.98 22.81
EV to EBITDA 9.56 12.56
Q.4 Is Ashirwad Steels & Industries Ltd a good buy now?
Ashirwad Steels & Industries Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd revenue growth is 13.2% for FY-2025, which is above its 5-year CAGR of -26.12%, indicating faster growth.

Q.2 Gross Profit margin of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 176% for FY-2025, which is above its 5-year median of 134.8%, indicating increasing margins.

Q.3 Operating Profit Margin of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 41.65% for FY-2025, which is above its 5-year median of 32.37% indicating increasing margins.

Q.4 Net Profit Margin of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Net Profit Margin is 127.27% for FY-2025, is below its 5-year median of 141.87%, indicating decreasing margins.
Current Level 5-year
Historic Median
Gross Profit Margin (%) 176 134.8
Operating Profit Margin (%) 41.65 32.37
Net Profit Margin (%) 127.27 141.87

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Return on Asset is 2.78%, which is in line with its 5-year historical median of 2.79%, indicating stable asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Return on capital employed is 3.82% for FY-2025, which is below its 5-year historical median of 4.08%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.7 Return on Equity (ROE) of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Return on equity is 2.8% for FY-2025, which is in line with its 5-year historical median of 2.83%, indicating the business is making similar use of its shareholders capital.

C: How much debt does the business have and is it at a sustainable level?

Q.8 Debt to Equity ratio of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.31, indicating lower debt levels in the industry.

Q.9 Debt to cash flow from operations of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Ashirwad Steels & Industries Ltd?

Q.1 Promoter shareholding and pledge status of Ashirwad Steels & Industries Ltd?
Promoters hold 69.06% of the Ashirwad Steels & Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Ashirwad Steels & Industries Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Ashirwad Steels & Industries Ltd vs industry peers?
Ashirwad Steels & Industries Ltd revenue CAGR is -26.12%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Profit Metrics
Current Level 5-year
Industry Median
Revenue Growth (%) 13.2 7.6
Gross Profit Growth (%) -2.5 19.3
Operating Profit Growth (%) 39.2 13.8
Net Profit Growth (%) 1.8 24.6
Operating Efficiency
Current Level 5-year
Industry Median
Asset Turnover (x) 0.02 1.27
ROE (%) 2.8 8.04
ROCE (%) 3.82 11.28
Cash Conversion Cycle (days) - 72

Valuation & price assessment

Q.1 Stock return of Ashirwad Steels & Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR		 18% 12.4% 1.7% -23.7%
Q.2 Valuation ratios of Ashirwad Steels & Industries Ltd vs historical?
The current P/E ratio of 13.89 is higher than its historical median of 5.35, indicating that the stock is trading above its historical average valuation.
Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 5-year
Historic Median		 5-year
Industry Median
Price to Earnings 13.89 5.35 17.36
Price to Book 0.37 0.44 1.63
Price to Sales 13.98 22.81 0.74
EV to EBITDA 9.56 12.56 10.05

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