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Earthstahl & Alloys Ltd (543765)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543765 NSE: Steel & Iron Products | Small Cap | Earthstahl & Alloys Share Price

₹16.23 0.00 (0.00%)

As on 09-Jun'26 16:59

Earthstahl & Alloys Ltd (543765)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543765 NSE: Steel & Iron Products | Small Cap | Earthstahl & Alloys Share Price

₹16.23 0.00 (0.00%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹20 Cr.
Current Price
₹16.2
52-Week Low / High
₹14 / 32
TTM EPS
₹-4
TTM Sales
₹61.6 Cr.
Book Value per Share
₹26.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
25
Price to Book (P/B)
0.61
Lower than its 5-year historical median
Price to Sales (P/S)
0.32
Lower than its 5-year historical median
EV/EBITDA
-19.62
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
1.44%
Underperforms industry median
Return on Capital Employed (ROCE)
3.58%
Underperforms industry median
Return on Assets (ROA)
0.83%
Operating Profit Margin
5.5%
Net Profit Margin
0.74%
Gross Profit Margin
4.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-17.81%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-23.46%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-71.96%
Asset Quality
Promoter Holding
73.53%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹20 Cr.
Equity
₹12.2 Cr.
Face Value
₹10
All Time Low / High
₹13.91 / 76.95

Earthstahl & Alloys stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Earthstahl & Alloys Ltd a good quality company?
Earthstahl & Alloys 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 Earthstahl & Alloys Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Earthstahl & Alloys Ltd vs industry peers?
Earthstahl & Alloys Ltd revenue CAGR is 17.96%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Earthstahl & Alloys Ltd?
Promoters hold 73.53% of the Earthstahl & Alloys Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Earthstahl & Alloys Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -31.33% 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.
Earthstahl & Alloys Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.2%23.5%47.8%27.6%8.2%3.6%-
Value Creation
Index
-0.60.72.41.0-0.4-0.7-

Growth Parameters

Sales 31.724.148.991.887.972.362
Sales YoY Gr.--23.8%102.7%87.8%-4.2%-17.8%-
Adj EPS -0.438.36.11.60.4-4
YoY Gr.-NA179.1%-25.7%-74.8%-71.6%-
BVPS (₹) 5.68.516.929.130.230.626.6
Adj Net
Profit
-0.32.77.47.51.90.5-5
Cash Flow from Ops. 1.46.87.910.87.8-0.7-
Debt/CF from Ops. 12.12.11.81.21.7-27.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA18%13.9%-17.8%
Adj EPS NANA-62.4%-71.6%
BVPSNA40.7%22%1.5%
Share Price - - -31% -43.8%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-6.74265.129.65.21.4-14
Op. Profit
Mgn %
8.325.627.513.55.95.5NAN
Net Profit
Mgn %
-1.111.115.28.22.20.7-8
Debt to
Equity
3.51.80.90.40.40.5-
Working Cap
Days
014387781021270
Cash Conv.
Cycle
017272727410

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales31.6524.1248.8891.8187.9472.28
Operating Expenses + 29.0417.9535.4379.4182.7468.30
Manufacturing Costs18.269.8519.4636.4141.1438.77
Material Costs9.146.4112.2937.7235.6723.57
Employee Cost 0.991.242.383.554.154.34
Other Costs 0.660.441.311.741.781.61
Operating Profit 2.616.1713.4512.415.203.98
Operating Profit Margin (%) 8.2%25.6%27.5%13.5%5.9%5.5%
Other Income + 0.160.460.200.380.980.50
Exceptional Items 000000
Interest 1.751.751.201.060.931.14
Depreciation 1.381.451.512.102.152.59
Profit Before Tax -0.363.4210.939.633.110.75
Tax -0.020.753.442.121.220.22
Profit After Tax -0.332.677.497.511.890.53
PAT Margin (%) -1.1%11.1%15.3%8.2%2.2%0.7%
Adjusted EPS (₹)-0.43.08.36.11.60.4
Dividend Payout Ratio (%)0%0%0%8.20%0%0%

Valuation of Earthstahl & Alloys - 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'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 57.6815.1735.6436.9237.45
Share Capital 33312.2412.2412.24
Reserves 24.6812.1723.4024.6825.21
Debt +17.3413.9713.9112.4011.8117.13
Long Term Debt13.1111.9411.356.797.708.34
Short Term Debt4.232.032.565.624.118.79
Minority Interest000000
Trade Payables3.292.333.625.646.097.68
Others Liabilities 1.031.703.234.035.535.36
Total Liabilities 26.6625.6835.9357.7160.3467.61

Fixed Assets

Net Fixed Assets +16.2515.8415.9524.1622.9741.40
Gross Block24.7225.6527.1037.4138.3559.36
Accumulated Depreciation8.479.8011.1413.2515.3717.96
CWIP 0.200.245.211.5611.910
Investments 0.150.150.150.150.150.01
Inventories4.963.649.6010.639.9216.31
Trade Receivables0.680.840.563.491.611.66
Cash Equivalents 0.010.670.147.131.030.06
Others Assets 4.434.304.3110.6012.758.17
Total Assets 26.6625.6835.9357.7160.3467.61

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.436.817.9110.777.82-0.66
PBT -0.363.4210.939.633.110.75
Adjustment 3.023.072.512.782.443.31
Changes in Working Capital -1.220.32-4.76-1.642.6-4.33
Tax Paid 00-0.780-0.33-0.39
Cash Flow From Investing Activity + -1.50-1.04-6.86-12.32-12.62-4.51
Capex -0.62-1.08-6.52-6.65-11.31-9.11
Net Investments 000000.13
Others -0.880.05-0.35-5.67-1.314.46
Cash Flow From Financing Activity + 0.06-5.11-1.578.54-1.294.19
Net Proceeds from Shares 00012.9600
Net Proceeds from Borrowing 0.71-1.17-0.50-4.560.920.64
Interest Paid -1.74-1.74-1.20-1.06-0.93-1.14
Dividend Paid 0000-0.610
Others 1.09-2.200.121.20-0.674.70
Net Cash Flow -0.010.66-0.536.98-6.09-0.98

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-6.742.1765.5829.565.211.44
ROCE (%)6.2123.5247.7627.578.213.58
Asset Turnover Ratio1.190.921.591.961.491.13
PAT to CFO Conversion(x)N/A2.551.061.434.14-1.25
Working Capital Days
Receivable Days7.8011.505.208.1010.608.30
Inventory Days57.2065.1049.4040.2042.7066.20
Payable Days131.50160.1088.3044.8060106.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Earthstahl & Alloys Ltd FAQs

The current trading price of Earthstahl & Alloys on 09-Jun-2026 16:59 is ₹16.23.

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 08-Jun-2026 the market cap of Earthstahl & Alloys stood at ₹19.87 Cr

The latest P/E ratio of Earthstahl & Alloys as of 08-Jun-2026 is 0.00.

The latest P/B ratio of Earthstahl & Alloys as of 08-Jun-2026 is 0.61.

The 52-week high of Earthstahl & Alloys is ₹31.99 and the 52-week low is ₹13.91.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Earthstahl & Alloys is ₹61.59 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Earthstahl & Alloys Ltd is a average quality company.

The key valuation ratios of Earthstahl & Alloys 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 Earthstahl & Alloys Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Earthstahl & Alloys Ltd

The company was originally incorporated as a Private Limited Company under the name ‘Earthstahl & Alloys Private Limited’ on December 09, 2009 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh and Chhattisgarh. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Annual General Meeting, held on August 27, 2022, the company was converted into a Public Limited Company and consequently the name of the company was changed from ‘Earthstahl & Alloys Private Limited’ to ‘Earthstahl & Alloys Limited’ vide a fresh certificate of incorporation dated September 21, 2022, issued by the Registrar of Companies, Chhattisgarh.

Earthstahl & Alloys originally established in 2009 as a Greenfield project for production of cast iron lumps through submerged arc furnace route by first generation Entrepreneurs  and Technocrats with diverse and wide industrial and commercial experience. In addition to production of cast iron lumps, the company has put up a Lost Foam based Foundry for production of high end ductile iron, cast iron, steels, alloys, and non-ferrous castings which has plenty of uses such as-pellet plants, cement plants, sponge iron plants, power plants, automobiles, railways, mining, agriculture equipments, pipes and fittings.

The company started its operations of manufacturing cast iron in the year 2012 with one submerged electric arc furnace with capacity of 3.6 MVA to manufacture 10,500 tonnes p.a. of Cast iron Lumps and thereafter in the year 2017 the company forayed into the Ductile Iron Pipes fittings segment to cater to the growing water infrastructure requirements in the country for which it commissioned Lost Foam based Steel Foundry consisting of one induction furnace with two crucibles, one of 500 KG and another 1000 KG to produce Ductile iron pipe fittings of different dimensions, shapes and sizes used in water supply system.

The foundry is also capable of producing parts or components of plant and machinery/ automobiles using foam molds and therefore the company can produce various parts of Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, Railway & Ductile Iron Pipes Fittings. Over the years, the company has been successful in manufacturing a full range of BIS Certified Ductile Iron Pipe Fittings of upto 600 mm width with accuracy, consistency & smooth surface finish. In the year 2022, the company also commissioned another 5.5 MVA submerged electric arc furnace to manufacture 15,750 tonnes p.a. of cast iron lumps.

Business area of the company

The company is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast iron products.

Major events and milestones

  • 2009: Incorporation of the Company in the name of ‘Earthstahl & Alloys Private Limited’.
  • 2012: Commissioned of one Submerged Electric Arc Furnace with capacity of 3.6 MVA to manufacture 10500 MTs of Cast Iron lumps.
  • 2015: Closure of Plant.
  • 2018: Restarting of Plant.
  • 2017: Started commercial production of manufacturing ductile iron pipe fittings.
  • 2020: Shutdown of plant during COVID from March 2020 to August 2020.
  • 2022: Commissioned another Submerged Electric Arc Furnace with capacity of 5.5MVA to manufacture 15,750 MTs of Cast Iron lumps.
  • 2022: Conversion of Private limited Company to Public Limited Company.
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