Ashiana Ispat Ltd - Stock Valuation and Financial Performance

BSE: 513401 | NSE: | Steel & Iron Products | Small Cap

Ashiana Ispat Share Price

46.77 0.14 0.30%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Ashiana Ispat

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Ashiana Ispat stock performance -

mw4me loader
P/E Ratio (SA):
31.73
Market Cap:
37.3 Cr.
52-wk low:
26.4
52-wk high:
56.2

Is Ashiana Ispat Ltd an attractive stock to invest in?

1. Is Ashiana Ispat Ltd 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.

2. Is Ashiana Ispat Ltd 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 Fair zone.

3. Is Ashiana Ispat Ltd 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.

10 Year X-Ray of Ashiana Ispat:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.3%8.5%5%7%9.3%7.8%-6.8%4.7%5%6.5%-
Value Creation
Index
-0.3-0.4-0.7-0.5-0.3-0.5-1.5-0.7-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 267268192203295441310295439465376
Sales YoY Gr.-0.6%-28.3%5.8%45%49.6%-29.8%-4.7%48.7%5.9%-
Adj EPS 4.84.61.564.45.3-14.71.51.33.81.5
YoY Gr.--3.6%-68.6%313.1%-27.1%22%-376.2%NA-18.3%201.6%-
BVPS (₹) 48.55351.858.549.454.739.941.342.946.648
Adj Net
Profit
2.12.10.72.73.54.2-11.71.2131
Cash Flow from Ops. 6.9-10.77.912.62.2-3.71.57.310.5-1.8-
Debt/CF from Ops. 6.1-5.97.13.619.4-17.851.511.88.1-51.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%9.5%14.5%5.9%
Adj EPS -2.6%-2.9%NA201.6%
BVPS-0.4%-1.2%5.4%8.8%
Share Price 19.1% 11.5% 57.1% 29.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.99.52.810.910.610.2-31.13.838.43.1
Op. Profit
Mgn %
3.930.82.142.6-1.52.92.32.62.9
Net Profit
Mgn %
0.80.80.31.31.21-3.80.40.20.70.3
Debt to
Equity
2.12.82.41.71.11.52.52.62.52.5-
Working Cap
Days
117113155134102861301339610055
Cash Conv.
Cycle
45611069980628990635715

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.48%

Debt to equity has declined versus last 3 years average to 2.46

Return on Equity has declined versus last 3 years average to 3.10%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -10.87%

Latest Financials - Ashiana Ispat Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 -
TTM Sales (₹ Cr.) 376 -
BVPS (₹.) 48 -
Reserves (₹ Cr.) 30 -
P/BV 0.97 -
PE 31.73 -
From the Market
52 Week Low / High (₹) 26.37 / 56.20
All Time Low / High (₹) 1.00 / 62.60
Market Cap (₹ Cr.) 37.3
Equity (₹ Cr.) 8
Face Value (₹) 10
Industry PE 26.6

Management X-Ray of Ashiana Ispat:

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 Ashiana Ispat

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
Sales266.65268.16192.16203.21294.65440.82309.61294.98438.67464.57
Operating Expenses 256.26260.12190.72198.94282.91429.48314.27286.48428.49452.74
Manufacturing Costs28.9531.2529.1234.9741.1640.6625.6716.5022.8325.95
Material Costs219.13220.85155.20157.10228.04366.83272.47260.37393.88413.79
Employee Cost 1.361.501.151.251.642.052.021.702.663.30
Other Costs 6.826.515.255.6212.0719.9414.117.929.139.70
Operating Profit 10.398.041.454.2811.7411.34-4.678.5010.1811.83
Operating Profit Margin (%) 3.9%3.0%0.8%2.1%4.0%2.6%-1.5%2.9%2.3%2.5%
Other Income 0.202.525.705.320.220.360.190.160.350.97
Interest 6.186.104.893.715.214.586.015.966.987.14
Depreciation 1.571.531.391.461.321.341.311.261.982.22
Exceptional Items 0000000000
Profit Before Tax 2.852.930.884.425.435.77-11.801.441.573.44
Tax 0.650.940.231.331.911.50-0.080.280.550.45
Profit After Tax 2.201.990.653.093.524.27-11.721.151.013
PAT Margin (%) 0.8%0.7%0.3%1.5%1.2%1.0%-3.8%0.4%0.2%0.6%
Adjusted EPS (₹)5.24.71.56.94.45.4-14.71.51.33.8
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 20.6722.5823.1226.1439.3743.5631.7432.8934.1437.14
Share Capital 4.264.264.464.467.967.967.967.967.967.96
Reserves 16.4118.3118.6621.6731.4135.6023.7724.9326.1829.18
Minority Interest0000000000
Debt42.4762.5355.6645.304365.8378.7281.2678.7582.23
Long Term Debt16.9038.3120.8724.0313.8019.0724.9129.6430.7732.68
Short Term Debt25.5624.2334.7921.2729.2046.7753.8151.6247.9849.55
Trade Payables24.7816.7313.135.7712.1530.2422.5227.8430.5134.77
Others Liabilities 17.348.448.6811.639.025.844.037.7311.2116.55
Total Liabilities 105.26110.28100.6088.84103.54145.48137.01149.72154.61170.70

Fixed Assets

Gross Block20.4718.0619.1920.1821.9722.9923.1222.4949.2249.39
Accumulated Depreciation10.498.7710.1611.4112.3712.7113.9914.9015.3317.46
Net Fixed Assets9.989.299.038.779.6010.289.137.5933.9031.92
CWIP 000.060012.2020.9825.4800
Investments 0.880.880.8802.382.342.302.2600.10
Inventories18.0217.1425.8122.9126.8933.7915.9820.2525.7734.12
Trade Receivables50.5161.9053.6843.8958.4775.6077.3884.3879.6873.24
Cash Equivalents 2.926.191.530.971.171.881.581.361.381.28
Others Assets22.9514.889.6012.305.039.399.678.4013.8830.03
Total Assets 105.26110.28100.6088.84103.54145.48137.01149.72154.61170.70

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6.94-10.697.8812.632.22-3.721.547.2510.51-1.78
PBT 2.852.930.884.425.435.77-11.801.441.573.44
Adjustment 7.646.716.064.236.315.567.137.089.018.61
Changes in Working Capital -3.54-20.341.244.07-9.43-14.976.3-1.28-0.31-13.83
Tax Paid 00.01-0.30-0.09-0.10-0.09-0.1000.240
Cash Flow From Investing Activity -0.51-0.01-0.98-0.12-4.35-13.87-9.02-3.86-2.862.58
Capex -1.07-1.03-1.19-1.16-4.47-14.14-8.91-4.21-2.682.84
Net Investments 0000.69-0.05-0.05-0.300.18-0.05-0.15
Others 0.561.020.210.350.170.320.190.16-0.13-0.11
Cash Flow From Financing Activity -6.6913.97-11.56-13.872.2818.256.88-3.43-7.67-0.95
Net Proceeds from Shares 000.2009.8000000
Net Proceeds from Borrowing 0003.36-10.235.275.854.721.131.91
Interest Paid -6.18-6.10-4.89-3.71-5.21-4.58-6.01-5.96-6.98-7.14
Dividend Paid 0000000000
Others -0.5120.07-6.87-13.527.9317.577.04-2.19-1.814.28
Net Cash Flow -0.263.27-4.66-1.360.150.66-0.60-0.04-0.02-0.15
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.239.22.8312.5610.7610.3-31.133.573.028.41
ROCE (%)14.4512.167.0210.813.8210.78-5.256.457.198.55
Asset Turnover Ratio2.712.782.052.423.143.552.22.072.882.86
PAT to CFO Conversion(x)3.15-5.3712.124.090.63-0.87N/A6.310.41-0.59
Working Capital Days
Receivable Days726998786255901006860
Inventory Days18213639302529221924
Payable Days53343522142135352729

Ashiana Ispat Ltd Stock News

Ashiana Ispat Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashiana Ispat on 12-Apr-2024 16:59 is ₹46.77.
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-2024 16:59 the market cap of Ashiana Ispat stood at ₹37.25.
The latest P/E ratio of Ashiana Ispat as of 12-Apr-2024 16:59 is 31.73.
The latest P/B ratio of Ashiana Ispat as of 12-Apr-2024 16:59 is 0.97.
The 52-week high of Ashiana Ispat is ₹56.20 and the 52-week low is ₹26.37.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashiana Ispat is ₹375.7 ( 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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