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Ashirwad Steels & Industries Ltd (526847)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526847 NSE: Steel & Iron Products | Small Cap | Ashirwad Steels &Ind Share Price

₹23.01 -0.84 (-3.52%)

As on 05-Jun'26 16:59

Ashirwad Steels & Industries Ltd (526847)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526847 NSE: Steel & Iron Products | Small Cap | Ashirwad Steels &Ind Share Price

₹23.01 -0.84 (-3.52%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹30 Cr.
Current Price
₹23
52-Week Low / High
₹17 / 37
TTM EPS
₹1.6
TTM Sales
₹2.1 Cr.
Book Value per Share
₹68.1
P/E Ratio
14.76
Higher than its 5-year historical median
Industry PE
25.8
Price to Book (P/B)
0.35
Lower than its 5-year historical median
Price to Sales (P/S)
14.42
Lower than its 5-year historical median
EV/EBITDA
10.20
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.80%
Underperforms industry median
Return on Capital Employed (ROCE)
3.82%
Underperforms industry median
Return on Assets (ROA)
2.78%
Operating Profit Margin
41.6%
Net Profit Margin
127.27%
Gross Profit Margin
176%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.21%
Operating Profit Growth (1 Year)
-
39.22%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
1.77%
Asset Quality
Promoter Holding
69.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹73 Cr.
Equity
₹12.5 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 67.65

Ashirwad Steels & Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 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.

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 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.
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.
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.

10 Year X-Ray :

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.
Ashirwad Steels & Industries 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 % 0.3%1.7%1%17%-5.8%-0.5%8.5%26.7%4.1%3.8%-
Value Creation
Index
-1.0-0.9-0.90.2-1.4-1.0-0.40.9-0.7-0.7-

Growth Parameters

Sales 0.91.922.32.88.21.63.32.11.61.82
Sales YoY Gr.-112.6%1,103.8%-87.6%196.4%-80.7%106.3%-35%-25%13.2%-
Adj EPS 0.70.70.4-1.1-0.70.51.54.71.81.91.6
YoY Gr.-0%-50.7%-394.4%NANA224.4%224.7%-62%3.3%-
BVPS (₹) 40.641.842.248.544.645.249.162.764.766.568.1
Adj Net
Profit
0.90.90.5-1.3-0.90.61.85.92.32.32
Cash Flow from Ops. -0.7-1.5-3.2-8.73.7-19.216.59.2-4.6-
Debt/CF from Ops. 00000.600000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.4%-26.1%-18%13.2%
Adj EPS 11%NA8.4%3.3%
BVPS5.6%8.3%10.7%2.8%
Share Price 17.1% 10.4% 1.2% -31.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.81.80.9-2.3-1.613.18.52.82.82.4
Op. Profit
Mgn %
-156.6-23.8-3-167.2-25.4-118.215.84532.441.731.8
Net Profit
Mgn %
104.449.32.1-48-11.135.656.2279.2142.3128.897.8
Debt to
Equity
00000000000
Working Cap
Days
10,1315,2294914,8801,7909,5525,3189,85012,4769,4611,511
Cash Conv.
Cycle
1,501505599232688591960001,510

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0.871.8522.272.768.181.583.262.121.591.80
Operating Expenses + 3.272.5322.937.4014.244.694.101.561.071.09
Manufacturing Costs0.840.201.870.650.881.650.7700.020.04
Material Costs0.851.1219.901.968.200.550000
Employee Cost 0.250.590.530.620.530.340.330.430.320.24
Other Costs 1.330.630.624.154.622.143.011.130.730.82
Operating Profit -2.40-0.67-0.66-4.63-6.06-3.11-0.850.560.510.71
Operating Profit Margin (%) -275.0%-36.4%-3.0%-167.0%-74.1%-197.0%-26.0%26.6%32.4%39.5%
Other Income + 3.172.151.7814.742.993.180.872.322.812.49
Exceptional Items 0000005.3115.8800
Interest 0.120.030.120.030.100.060.200.030.070.03
Depreciation 0.630.630.620.460.360.360.350.080.080.08
Profit Before Tax 0.030.820.399.61-3.53-0.354.7818.663.193.10
Tax -0.150.06-0.132.090.14-0.030.161.890.930.80
Profit After Tax 0.180.760.527.52-3.67-0.314.6216.772.262.30
PAT Margin (%) 20.9%41.0%2.3%272.2%-44.9%-20.0%141.9%790.4%142.3%127.3%
Adjusted EPS (₹)0.20.60.46.0-2.9-0.33.713.41.81.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Ashirwad Steels &Ind - 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 + 50.7152.2152.6860.6355.7656.4561.3678.3880.8583.12
Share Capital 12.5012.5012.5012.5012.5012.5012.5012.5012.5012.50
Reserves 38.2139.7140.1848.1343.2643.9548.8665.8868.3570.62
Debt +00001.9900000
Long Term Debt0000000000
Short Term Debt00001.9900000
Minority Interest0000000000
Trade Payables00.141.040.170.5300000
Others Liabilities 2.231.491.933.533.040.760.441.650.670.61
Total Liabilities 52.9453.8455.6564.3461.3257.2061.8080.0381.5283.73

Fixed Assets

Net Fixed Assets +8.958.247.404.884.994.650.610.420.350.40
Gross Block22.1822.1021.8812.3112.7812.801.721.251.251.38
Accumulated Depreciation13.2313.8614.487.437.798.151.100.820.900.98
CWIP 000000.940000
Investments 3.027.818.8711.9110.218.985.2117.3731.8136.20
Inventories3.132.265.469.313.873.300000
Trade Receivables001.850.500.890.210000
Cash Equivalents 19.974.283.470.410.290.792.970.752.480.46
Others Assets 17.8731.2528.6037.3341.0838.345361.4946.8746.67
Total Assets 52.9453.8455.6564.3461.3257.2061.8080.0381.5283.73

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.67-1.46-3.19-8.723.66-1.029.1516.499.20-4.64
PBT 0.030.820.399.61-3.53-0.35-0.532.783.193.10
Adjustment -2.07-1.50-1.28-10.121.62-1.012.03-2.22-2.68-2.32
Changes in Working Capital 0.95-0.71-2.25-5.575.670.342.51.949.6-4.62
Tax Paid 0.27-0.08-0.05-2.65-0.100-0.16-1.89-0.91-0.80
Cash Flow From Investing Activity + 5.322.01-1.0617.15-16.873.4911.15-9.27-47.772.64
Capex 3.88-0.100.2215.84-0.47-0.013.680.47-0-0.13
Net Investments -3-4.80-1.06-2.401.063.856.43-12.06-50.580.27
Others 4.446.91-0.223.71-17.45-0.351.032.322.812.49
Cash Flow From Financing Activity + 2.89-0.02-0.11-0.031.90-2.05-0.01-0.02-0.06-0.03
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.11-0.02-0.11-0.03-0.10-0.05-0.01-0.02-0.06-0.03
Dividend Paid 0000000000
Others 30001.99-1.990000
Net Cash Flow 7.540.53-4.378.40-11.310.4220.297.20-38.63-2.03

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.361.480.9913.28-6.31-0.567.84242.832.8
ROCE (%)0.291.650.9617.02-5.79-0.518.4526.744.083.82
Asset Turnover Ratio0.020.040.470.050.150.030.050.030.020.02
PAT to CFO Conversion(x)-3.72-1.92-6.13-1.16N/AN/A1.980.984.07-2.02
Working Capital Days
Receivable Days0026.10137.9026.70119.200000
Inventory Days1,490.10514.8054.60868.20253.70780.800000
Payable Days044.8010.80112.4015.6000000

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

Ashirwad Steels & Industries Ltd FAQs

The current trading price of Ashirwad Steels &Ind on 05-Jun-2026 16:59 is ₹23.01.

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 04-Jun-2026 the market cap of Ashirwad Steels &Ind stood at ₹29.81 Cr

The latest P/E ratio of Ashirwad Steels &Ind as of 04-Jun-2026 is 14.76.

The latest P/B ratio of Ashirwad Steels &Ind as of 04-Jun-2026 is 0.35.

The 52-week high of Ashirwad Steels &Ind is ₹37.20 and the 52-week low is ₹17.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashirwad Steels &Ind is ₹2.07 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashirwad Steels & Industries Ltd is a below average quality company.

The key valuation ratios of Ashirwad Steels & Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Ashirwad Steels & Industries Ltd

Ashirwad Steels and Industries was incorporated in 1986 and its headquarter is situated at Kolkata. The company has two sponge iron plants located at Jamshedpur, Jharkhand and Nalgonda, Andhra Pradesh. It also has two bottling plants located at Howrah, West Bengal and Raigarh, Chhattisgarh.

The registered office of the company is located at 5th Floor, Waterloo Street, Suite No. 506, Kolkata, West Bengal-700069.

Business area of the company:

The company manufactures and supplies sponge iron used in manufacturing finished steel. Under its bottling business, the company is engaged in bottling of hydrocarbon gas and liquefied petroleum gas (LPG).

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