Is Ashiana Ispat Ltd (513401) a good quality company?

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

Is Ashiana Ispat Ltd (513401) undervalued or overvalued?

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

What is Ashiana Ispat Ltd (513401) share price return in the past 10 years?

Ashiana Ispat Ltd share price has appreciated 11.7% annually (CAGR) over the past ten years.

Is Ashiana Ispat Ltd (513401) a good buy now?

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.

What is the share price of Ashiana Ispat Ltd (513401)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ashiana Ispat Ltd (513401) on 13-Apr-2026 16:59:59 at 16:59 is 22.93.

What is the P/E ratio of Ashiana Ispat?

The latest standalone P/E ratio of Ashiana Ispat as of 13-Apr-2026 is 0.00.

What is the P/B ratio of Ashiana Ispat Ltd (513401)?

The latest standalone P/B ratio of Ashiana Ispat Ltd (513401) as of 13-Apr-2026 is 0.61.

What is the 52-week high and low of Ashiana Ispat Ltd (513401)?

The 52-week high of Ashiana Ispat Ltd (513401) is Rs. 30.05 and the 52-week low is Rs. 18.08.

Ashiana Ispat Ltd (513401) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Ashiana Ispat Ltd (513401)
Brand: Ashiana Ispat

Ashiana Ispat Ltd (513401) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ashiana Ispat Ltd (513401)

BSE: 513401 NSE:

Key Metrics

Market Cap

₹18 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.61

Price to Sales (P/S)

0.02

EV/EBITDA

-17.35

Return on Capital Employed (ROCE)

-40.35%

Current Price

₹22.9

Return on Equity (ROE)

-303.77%

Return on Assets (ROA)

-33.49%

Operating Profit Margin

-9%

Net Profit Margin

-32.99%

Gross Profit Margin

-10.2%

Book Value per Share

₹37.5

Sales Growth (YoY)

-56.02%

Sales Growth (3 Years)

-31.41%

Operating Profit Growth (1 Year)

-223.57%

Operating Profit Growth (3 Years)

NAN%

Net Profit Growth (1 Year)

-3276.19%

52-Week Low / High

₹18 / 30

Net Profit Growth (3 Years)

NAN%

Dividend Yield

0.00%

Promoter Holding

44.76%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Ashiana Ispat Ltd?

Ashiana Ispat Ltd revenue growth is -56% for FY-2025 , which is below its 5 year CAGR of -14.5% , indicating slower growth.

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 Revenue growth of Ashiana Ispat Ltd vs industry peers?

Ashiana Ispat Ltd revenue CAGR is -14.49% , compared to the industry median CAGR of 7.41% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Ashiana Ispat Ltd belong to?

Ashiana Ispat Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.

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 11.7% based on the current price.

DeciZen - make an informed investing decision on Ashiana Ispat

Based on:

Data

M-Cap below 100cr DeciZen not available

Ashiana Ispat stock performance

Key Ratios

Is Ashiana Ispat Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
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	-0.2	0.0	-0.2	-1.4	-0.5	-0.5	-0.4	-0.4	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	192	203	295	441	310	295	439	465	322	142	1,109
Sales YoY Gr.	-	5.8%	45%	49.6%	-29.8%	-4.7%	48.7%	5.9%	-30.7%	-56%	-
Adj EPS ⓘ	1.5	6	4.4	5.3	-14.7	1.5	1.3	3.8	0.9	-41.3	-4.7
YoY Gr.	-	313.1%	-27.1%	22%	-376.2%	NA	-18.3%	201.6%	-75.1%	-4497.9%	-
BVPS (₹) ⓘ	51.8	58.5	49.4	54.7	39.9	41.3	42.9	46.6	48.6	-10	37.5
Adj Net Profit ⓘ	0.7	2.7	3.5	4.2	-11.7	1.2	1	3	0.8	-32.9	-4
Cash Flow from Ops. ⓘ	7.9	12.6	2.2	-3.7	1.5	7.3	10.5	-1.8	-1.6	12.5	-
Debt/CF from Ops. ⓘ	7.1	3.6	19.4	-17.8	51.5	11.8	8.1	-51.3	-63.4	7.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	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	11.7%	12.6%	-14%	1.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	2.8	10.9	10.6	10.2	-31.1	3.8	3	8.4	2	-214.2	-34
Op. Profit Mgn % ⓘ	0.8	2.1	4	2.6	-1.5	2.9	2.3	2.6	3.2	-9	-1
Net Profit Mgn % ⓘ	0.3	1.3	1.2	1	-3.8	0.4	0.2	0.7	0.2	-23.3	-0.3
Debt to Equity ⓘ	2.4	1.7	1.1	1.5	2.5	2.6	2.5	2.5	2.6	-11.4	-
Working Cap Days ⓘ	155	134	102	86	130	133	96	100	158	307	4,209
Cash Conv. Cycle ⓘ	106	99	80	62	89	90	63	57	86	160	-882

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-4.7	-
TTM Sales (₹ Cr.)	1,109	-
BVPS (₹) ⓘ	37.5	-
Reserves (₹ Cr.) ⓘ	22	-
P/BV ⓘ	0.61	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	18.08 / 30.05
All Time Low / High (₹)	1.00 / 62.65
Market Cap (₹ Cr.)	18.3
Equity (₹ Cr.)	8
Face Value (₹)	10
Industry PE ⓘ	26.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Ashiana Ispat - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	192.16	203.21	294.65	440.82	309.61	294.98	438.67	464.57	321.84	141.54
Operating Expenses ⓘ +	190.72	198.94	282.91	429.48	314.27	286.48	428.49	452.74	311.53	154.27
Manufacturing Costs	29.12	34.97	41.16	40.66	25.67	16.50	22.83	25.95	21.90	10.23
Material Costs	155.20	157.10	228.04	366.83	272.47	260.37	393.88	413.79	277.60	136.94
Employee Cost	1.15	1.25	1.64	2.05	2.02	1.70	2.66	3.30	4.69	2.51
Other Costs ⓘ	5.25	5.62	12.07	19.94	14.11	7.92	9.13	9.70	7.34	4.59
Operating Profit ⓘ	1.45	4.28	11.74	11.34	-4.67	8.50	10.18	11.83	10.31	-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 ⓘ +	5.70	5.32	0.22	0.36	0.19	0.16	0.35	0.97	2.63	4.44
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	-34.89
Interest ⓘ	4.89	3.71	5.21	4.58	6.01	5.96	6.98	7.14	9.02	6.20
Depreciation ⓘ	1.39	1.46	1.32	1.34	1.31	1.26	1.98	2.22	1.92	1.76
Profit Before Tax ⓘ	0.88	4.42	5.43	5.77	-11.80	1.44	1.57	3.44	2	-51.14
Tax ⓘ	0.23	1.33	1.91	1.50	-0.08	0.28	0.55	0.45	0.53	-4.45
Profit After Tax	0.65	3.09	3.52	4.27	-11.72	1.15	1.01	3	1.47	-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 (₹)	1.5	6.9	4.4	5.4	-14.7	1.5	1.3	3.8	1.9	-58.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	23.12	26.14	39.37	43.56	31.74	32.89	34.14	37.14	38.69	-7.95
Share Capital ⓘ	4.46	4.46	7.96	7.96	7.96	7.96	7.96	7.96	7.96	7.96
Reserves ⓘ	18.66	21.67	31.41	35.60	23.77	24.93	26.18	29.18	30.73	-15.92
Debt +	55.66	45.30	43	65.83	78.72	81.26	78.75	82.23	95.73	89.80
Long Term Debt	20.87	24.03	13.80	19.07	24.91	29.64	30.77	32.68	21.70	0
Short Term Debt	34.79	21.27	29.20	46.77	53.81	51.62	47.98	49.55	74.03	89.80
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	13.13	5.77	12.15	30.24	22.52	27.84	30.51	34.77	25.47	19.10
Others Liabilities ⓘ	8.68	11.63	9.02	5.84	4.03	7.73	11.21	16.55	13.47	4.54
Total Liabilities ⓘ	100.60	88.84	103.54	145.48	137.01	149.72	154.61	170.70	173.37	105.50
Fixed Assets
Net Fixed Assets ⓘ +	9.03	8.77	9.60	10.28	9.13	7.59	33.90	31.92	29.43	27.89
Gross Block	19.19	20.18	21.97	22.99	23.12	22.49	49.22	49.39	46.55	46.76
Accumulated Depreciation	10.16	11.41	12.37	12.71	13.99	14.90	15.33	17.46	17.12	18.87
CWIP ⓘ	0.06	0	0	12.20	20.98	25.48	0	0	0	0
Investments ⓘ	0.88	0	2.38	2.34	2.30	2.26	0	0.10	0.14	0.14
Inventories	25.81	22.91	26.89	33.79	15.98	20.25	25.77	34.12	43.97	23.08
Trade Receivables	53.68	43.89	58.47	75.60	77.38	84.38	79.68	73.24	62.30	37.06
Cash Equivalents	1.53	0.97	1.17	1.88	1.58	1.36	1.38	1.28	2.17	0.14
Others Assets ⓘ	9.60	12.30	5.03	9.39	9.67	8.40	13.88	30.03	35.37	17.18
Total Assets ⓘ	100.60	88.84	103.54	145.48	137.01	149.72	154.61	170.70	173.37	105.50

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	7.88	12.63	2.22	-3.72	1.54	7.25	10.51	-1.78	-1.60	12.48
PBT ⓘ	0.88	4.42	5.43	5.77	-11.80	1.44	1.57	3.44	2	-16.25
Adjustment ⓘ	6.06	4.23	6.31	5.56	7.13	7.08	9.01	8.61	10.15	3.74
Changes in Working Capital ⓘ	1.24	4.07	-9.43	-14.97	6.3	-1.28	-0.31	-13.83	-13.75	24.99
Tax Paid ⓘ	-0.30	-0.09	-0.10	-0.09	-0.10	0	0.24	-0	-0	0
Cash Flow From Investing Activity ⓘ +	-0.98	-0.12	-4.35	-13.87	-9.02	-3.86	-2.86	2.58	0.53	1.35
Capex	-1.19	-1.16	-4.47	-14.14	-8.91	-4.21	-2.68	2.84	1.61	-0.69
Net Investments	0	0.69	-0.05	-0.05	-0.30	0.18	-0.05	-0.15	-0.88	1.99
Others ⓘ	0.21	0.35	0.17	0.32	0.19	0.16	-0.13	-0.11	-0.20	0.05
Cash Flow From Financing Activity ⓘ +	-11.56	-13.87	2.28	18.25	6.88	-3.43	-7.67	-0.95	1.08	-13.87
Net Proceeds from Shares ⓘ	0.20	0	9.80	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	3.36	-10.23	5.27	5.85	4.72	1.13	1.91	-10.98	0
Interest Paid ⓘ	-4.89	-3.71	-5.21	-4.58	-6.01	-5.96	-6.98	-7.14	-9.02	-7.61
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-6.87	-13.52	7.93	17.57	7.04	-2.19	-1.81	4.28	21.08	-6.26
Net Cash Flow ⓘ	-4.66	-1.36	0.15	0.66	-0.60	-0.04	-0.02	-0.15	0.01	-0.04

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.83	12.56	10.76	10.3	-31.13	3.57	3.02	8.41	3.88	N/A
ROCE (%)	7.02	10.8	13.82	10.78	-5.25	6.45	7.19	8.55	8.21	N/A
Asset Turnover Ratio	2.05	2.42	3.14	3.55	2.2	2.07	2.88	2.86	1.87	1.02
PAT to CFO Conversion(x)	12.12	4.09	0.63	-0.87	N/A	6.3	10.41	-0.59	-1.09	N/A
Working Capital Days
Receivable Days	98	78	62	55	90	100	68	60	77	128
Inventory Days	36	39	30	25	29	22	19	24	44	86
Payable Days	35	22	14	21	35	35	27	29	40	59

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Ashiana Ispat Ltd FAQs

The current trading price of Ashiana Ispat on 13-Apr-2026 16:59 is ₹22.93.

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 12-Apr-2026 the market cap of Ashiana Ispat stood at ₹18.26 Cr

The latest P/E ratio of Ashiana Ispat as of 12-Apr-2026 is 0.00.

The latest P/B ratio of Ashiana Ispat as of 12-Apr-2026 is 0.61.

The 52-week high of Ashiana Ispat is ₹30.05 and the 52-week low is ₹18.08.

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

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Ashiana Ispat Ltd (513401) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ashiana Ispat Share Price