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Ashiana Ispat Ltd (513401)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513401 NSE: Steel & Iron Products | Small Cap | Ashiana Ispat Share Price

₹17.37 0.00 (0.00%)

As on 08-Jun'26 16:59

Ashiana Ispat Ltd (513401)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513401 NSE: Steel & Iron Products | Small Cap | Ashiana Ispat Share Price

₹17.37 0.00 (0.00%)

As on 08-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14 Cr.
Current Price
₹17.4
52-Week Low / High
₹17 / 30
TTM EPS
₹-4.7
TTM Sales
₹1,109 Cr.
Book Value per Share
₹37.5
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
25
Price to Book (P/B)
0.46
Lower than its 5-year historical median
Price to Sales (P/S)
0.01
Lower than its 5-year historical median
EV/EBITDA
-16.49
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-303.77%
Underperforms industry median
Return on Capital Employed (ROCE)
-40.35%
Underperforms industry median
Return on Assets (ROA)
-33.49%
Operating Profit Margin
-9%
Net Profit Margin
-32.99%
Gross Profit Margin
-10.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-56.02%
Operating Profit Growth (1 Year)
-
-223.57%
Net Profit Growth (1 Year)
-
-3276.19%
Asset Quality
Promoter Holding
44.76%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹22 Cr.
Equity
₹8 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 62.65

Ashiana Ispat stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ashiana Ispat Ltd a good quality company?
Ashiana Ispat 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.

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.

How does Ashiana Ispat Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ashiana Ispat Ltd vs industry peers?
Ashiana Ispat Ltd revenue CAGR is -14.49%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Ashiana Ispat Ltd?
Promoters hold 44.76% of the Ashiana Ispat Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ashiana Ispat Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.6% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Ashiana Ispat Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7%10.8%13.8%10.8%-5.3%6.5%7.2%8.6%8.2%-40.4%-
Value Creation
Index
-0.5-0.20.0-0.2-1.4-0.5-0.5-0.4-0.4NA-

Growth Parameters

Sales 1922032954413102954394653221421,109
Sales YoY Gr.-5.8%45%49.6%-29.8%-4.7%48.7%5.9%-30.7%-56%-
Adj EPS 1.564.45.3-14.71.51.33.80.9-41.3-4.7
YoY Gr.-313.1%-27.1%22%-376.2%NA-18.3%201.6%-75.1%-4497.9%-
BVPS (₹) 51.858.549.454.739.941.342.946.648.6-1037.5
Adj Net
Profit
0.72.73.54.2-11.71.2130.8-32.9-4
Cash Flow from Ops. 7.912.62.2-3.71.57.310.5-1.8-1.612.5-
Debt/CF from Ops. 7.13.619.4-17.851.511.88.1-51.3-63.47.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -3.3%-14.5%-31.4%-56%
Adj EPS -245.1%NA-421%-4497.9%
BVPS-183.3%-175.8%-161.5%-120.5%
Share Price 5.5% 0.3% -17.6% -35.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.810.910.610.2-31.13.838.42-214.2-34
Op. Profit
Mgn %
0.82.142.6-1.52.92.32.63.2-9-1
Net Profit
Mgn %
0.31.31.21-3.80.40.20.70.2-23.3-0.3
Debt to
Equity
2.41.71.11.52.52.62.52.52.6-11.4-
Working Cap
Days
15513410286130133961001583074,209
Cash Conv.
Cycle
1069980628990635786160-882

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales192.16203.21294.65440.82309.61294.98438.67464.57321.84141.54
Operating Expenses + 190.72198.94282.91429.48314.27286.48428.49452.74311.53154.27
Manufacturing Costs29.1234.9741.1640.6625.6716.5022.8325.9521.9010.23
Material Costs155.20157.10228.04366.83272.47260.37393.88413.79277.60136.94
Employee Cost 1.151.251.642.052.021.702.663.304.692.51
Other Costs 5.255.6212.0719.9414.117.929.139.707.344.59
Operating Profit 1.454.2811.7411.34-4.678.5010.1811.8310.31-12.74
Operating Profit Margin (%) 0.8%2.1%4.0%2.6%-1.5%2.9%2.3%2.5%3.2%-9.0%
Other Income + 5.705.320.220.360.190.160.350.972.634.44
Exceptional Items 000000000-34.89
Interest 4.893.715.214.586.015.966.987.149.026.20
Depreciation 1.391.461.321.341.311.261.982.221.921.76
Profit Before Tax 0.884.425.435.77-11.801.441.573.442-51.14
Tax 0.231.331.911.50-0.080.280.550.450.53-4.45
Profit After Tax 0.653.093.524.27-11.721.151.0131.47-46.69
PAT Margin (%) 0.3%1.5%1.2%1.0%-3.8%0.4%0.2%0.7%0.5%-33.0%
Adjusted EPS (₹)1.56.94.45.4-14.71.51.33.81.9-58.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Ashiana Ispat - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23.1226.1439.3743.5631.7432.8934.1437.1438.69-7.95
Share Capital 4.464.467.967.967.967.967.967.967.967.96
Reserves 18.6621.6731.4135.6023.7724.9326.1829.1830.73-15.92
Debt +55.6645.304365.8378.7281.2678.7582.2395.7389.80
Long Term Debt20.8724.0313.8019.0724.9129.6430.7732.6821.700
Short Term Debt34.7921.2729.2046.7753.8151.6247.9849.5574.0389.80
Minority Interest0000000000
Trade Payables13.135.7712.1530.2422.5227.8430.5134.7725.4719.10
Others Liabilities 8.6811.639.025.844.037.7311.2116.5513.474.54
Total Liabilities 100.6088.84103.54145.48137.01149.72154.61170.70173.37105.50

Fixed Assets

Net Fixed Assets +9.038.779.6010.289.137.5933.9031.9229.4327.89
Gross Block19.1920.1821.9722.9923.1222.4949.2249.3946.5546.76
Accumulated Depreciation10.1611.4112.3712.7113.9914.9015.3317.4617.1218.87
CWIP 0.060012.2020.9825.480000
Investments 0.8802.382.342.302.2600.100.140.14
Inventories25.8122.9126.8933.7915.9820.2525.7734.1243.9723.08
Trade Receivables53.6843.8958.4775.6077.3884.3879.6873.2462.3037.06
Cash Equivalents 1.530.971.171.881.581.361.381.282.170.14
Others Assets 9.6012.305.039.399.678.4013.8830.0335.3717.18
Total Assets 100.6088.84103.54145.48137.01149.72154.61170.70173.37105.50

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7.8812.632.22-3.721.547.2510.51-1.78-1.6012.48
PBT 0.884.425.435.77-11.801.441.573.442-16.25
Adjustment 6.064.236.315.567.137.089.018.6110.153.74
Changes in Working Capital 1.244.07-9.43-14.976.3-1.28-0.31-13.83-13.7524.99
Tax Paid -0.30-0.09-0.10-0.09-0.1000.24-0-00
Cash Flow From Investing Activity + -0.98-0.12-4.35-13.87-9.02-3.86-2.862.580.531.35
Capex -1.19-1.16-4.47-14.14-8.91-4.21-2.682.841.61-0.69
Net Investments 00.69-0.05-0.05-0.300.18-0.05-0.15-0.881.99
Others 0.210.350.170.320.190.16-0.13-0.11-0.200.05
Cash Flow From Financing Activity + -11.56-13.872.2818.256.88-3.43-7.67-0.951.08-13.87
Net Proceeds from Shares 0.2009.800000000
Net Proceeds from Borrowing 03.36-10.235.275.854.721.131.91-10.980
Interest Paid -4.89-3.71-5.21-4.58-6.01-5.96-6.98-7.14-9.02-7.61
Dividend Paid 0000000000
Others -6.87-13.527.9317.577.04-2.19-1.814.2821.08-6.26
Net Cash Flow -4.66-1.360.150.66-0.60-0.04-0.02-0.150.01-0.04

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.8312.5610.7610.3-31.133.573.028.413.88N/A
ROCE (%)7.0210.813.8210.78-5.256.457.198.558.21N/A
Asset Turnover Ratio2.052.423.143.552.22.072.882.861.871.02
PAT to CFO Conversion(x)12.124.090.63-0.87N/A6.310.41-0.59-1.09N/A
Working Capital Days
Receivable Days97.7077.8061.8055.4089.8099.6068.3060.1076.90128.10
Inventory Days36.3038.9030.1025.1029.2022.3019.2023.5044.3086.50
Payable Days35.102214.3021.1035.3035.302728.8039.6059.40

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ashiana Ispat Ltd FAQs

The current trading price of Ashiana Ispat on 08-Jun-2026 16:59 is ₹17.37.

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 07-Jun-2026 the market cap of Ashiana Ispat stood at ₹13.83 Cr

The latest P/E ratio of Ashiana Ispat as of 07-Jun-2026 is 0.00.

The latest P/B ratio of Ashiana Ispat as of 07-Jun-2026 is 0.46.

The 52-week high of Ashiana Ispat is ₹30.05 and the 52-week low is ₹17.37.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashiana Ispat is ₹1,109 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashiana Ispat Ltd is a below average quality company.

The key valuation ratios of Ashiana Ispat Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Ashiana Ispat Ltd

Ashiana Ispat Limited is an ISO 9001:2000 certified company by ABN Quality Evaluation System USA established in 1992 with an objective of producing premium steel bars to offer unmatched, unbeatable strength for constructions. The company's registred office is located at A-1116 RIICO Industrial Area, Phase III, Bhiwadi{ALWAR} ,Rajasthan.

Business Profile :

Ashiana, largest manufacturer of the Turbo TMT re-bars ranging from 8-32 mm in diameter coming in Fe-415, Fe-500, and Fe-550 Grades as per IS: 1786-1985 Parameters, the very heart of any infrastructure development by the name Kamdhenu Saria, a ready beckoner in trust and strength in Indian construction industry.

Ashiana's Product quality and excellence lies in a state-of-the-art automatic plant coupled with German Technology and a well equipped R & D laboratory where stringent care is taken to control product quality and entire production units is closely monitored by a team of qualified professionals.

Products:

  • Ashiana Kamdhenu TMT Bars
  • Ashiana Kamdhenu  HSD Bars
  • Ashiana Kamdhenu  CTD  Bars

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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