Ashirwad Steels & Industries Ltd
The company has no trading or industrial activities as part of its usual business activity. Earlier it had Sponge Iron Plant production in Nalgonda, Telangana and Jamshedpur. In FY22, the company hived off both of them resulting in complete exit out of the Iron & Steel Business. [1]
- Market Cap ₹ 54.4 Cr.
- Current Price ₹ 43.5
- High / Low ₹ 54.6 / 20.2
- Stock P/E 28.4
- Book Value ₹ 63.5
- Dividend Yield 0.00 %
- ROCE 4.58 %
- ROE 4.09 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.69 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -37.6% over past five years.
- Company has a low return on equity of 2.74% over last 3 years.
- Earnings include an other income of Rs.2.65 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
60.28 | 50.00 | 15.12 | 5.15 | 0.86 | 1.85 | 22.26 | 2.77 | 8.18 | 1.58 | 3.26 | 2.11 | 1.04 | |
62.66 | 49.79 | 16.14 | 7.42 | 2.91 | 2.28 | 22.90 | 7.40 | 10.26 | 3.44 | 2.75 | 1.16 | 0.94 | |
Operating Profit | -2.38 | 0.21 | -1.02 | -2.27 | -2.05 | -0.43 | -0.64 | -4.63 | -2.08 | -1.86 | 0.51 | 0.95 | 0.10 |
OPM % | -3.95% | 0.42% | -6.75% | -44.08% | -238.37% | -23.24% | -2.88% | -167.15% | -25.43% | -117.72% | 15.64% | 45.02% | 9.62% |
0.02 | 2.29 | 2.79 | 2.99 | 2.83 | 1.91 | 1.77 | 14.73 | -0.99 | 1.93 | 4.82 | 17.82 | 2.65 | |
Interest | 0.28 | 0.55 | 0.47 | 0.29 | 0.12 | 0.03 | 0.12 | 0.03 | 0.10 | 0.06 | 0.20 | 0.03 | 0.06 |
Depreciation | 1.12 | 1.13 | 1.13 | 0.67 | 0.63 | 0.63 | 0.62 | 0.46 | 0.36 | 0.36 | 0.35 | 0.08 | 0.08 |
Profit before tax | -3.76 | 0.82 | 0.17 | -0.24 | 0.03 | 0.82 | 0.39 | 9.61 | -3.53 | -0.35 | 4.78 | 18.66 | 2.61 |
Tax % | 2.93% | 3.66% | -117.65% | 50.00% | -533.33% | 7.32% | -33.33% | 21.75% | -4.25% | 8.57% | 3.14% | 10.13% | |
-3.64 | 0.80 | 0.37 | -0.13 | 0.18 | 0.76 | 0.52 | 7.52 | -3.67 | -0.31 | 4.62 | 16.77 | 1.92 | |
EPS in Rs | -2.91 | 0.64 | 0.30 | -0.10 | 0.14 | 0.61 | 0.42 | 6.02 | -2.94 | -0.25 | 3.70 | 13.42 | 1.54 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -27% |
5 Years: | -38% |
3 Years: | -36% |
TTM: | -32% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 42% |
3 Years: | 85% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 33% |
3 Years: | 45% |
1 Year: | 104% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 1% |
3 Years: | 3% |
Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 |
Reserves | 36.94 | 37.82 | 38.19 | 38.09 | 38.21 | 39.71 | 40.18 | 48.13 | 43.26 | 43.95 | 48.86 | 65.88 | 66.82 |
5.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | |
7.52 | 5.71 | 3.32 | 2.58 | 2.23 | 1.55 | 2.92 | 1.02 | 1.02 | 0.75 | 0.02 | 0.00 | 0.10 | |
Total Liabilities | 62.52 | 56.03 | 54.01 | 53.17 | 52.94 | 53.76 | 55.60 | 61.65 | 58.77 | 57.20 | 61.38 | 78.38 | 79.42 |
12.14 | 11.17 | 10.04 | 9.18 | 8.77 | 8.24 | 7.40 | 4.88 | 4.99 | 4.65 | 0.61 | 0.42 | 0.39 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | 0.00 | 0.00 | 0.00 |
Investments | 4.49 | 4.49 | 4.49 | 4.46 | 3.02 | 7.81 | 8.87 | 11.91 | 10.21 | 8.98 | 5.21 | 17.37 | 28.74 |
45.89 | 40.37 | 39.48 | 39.53 | 41.15 | 37.71 | 39.33 | 44.86 | 43.57 | 42.63 | 55.56 | 60.59 | 50.29 | |
Total Assets | 62.52 | 56.03 | 54.01 | 53.17 | 52.94 | 53.76 | 55.60 | 61.65 | 58.77 | 57.20 | 61.38 | 78.38 | 79.42 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8.22 | 9.39 | -4.92 | 3.95 | -0.67 | -1.46 | -3.19 | -8.72 | 3.66 | -1.02 | 9.15 | 16.87 | |
-2.74 | 1.82 | 2.68 | 0.84 | 5.32 | 2.01 | -1.06 | 17.15 | -16.87 | 3.49 | 11.15 | -9.65 | |
5.02 | -10.83 | -2.69 | -4.27 | 2.89 | -0.02 | -0.11 | -0.03 | 1.90 | -2.05 | -0.01 | -0.02 | |
Net Cash Flow | 10.50 | 0.38 | -4.93 | 0.53 | 7.54 | 0.53 | -4.37 | 8.40 | -11.31 | 0.42 | 20.29 | 7.20 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15.86 | 11.83 | 49.97 | 3.54 | 0.00 | 0.00 | 30.33 | 65.88 | 39.71 | 48.51 | 0.00 | 0.00 |
Inventory Days | 68.97 | 42.22 | 196.33 | 326.45 | 1,360.06 | 100.10 | 1,733.75 | 172.05 | 2,190.00 | |||
Days Payable | 9.44 | 13.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.67 | 0.00 | |||
Cash Conversion Cycle | 75.39 | 40.35 | 246.30 | 329.99 | 1,360.06 | 0.00 | 130.43 | 1,799.63 | 205.10 | 2,238.51 | 0.00 | 0.00 |
Working Capital Days | 131.21 | 129.72 | 571.64 | 1,533.00 | 7,754.13 | 1,909.84 | 177.74 | 2,437.73 | 1,103.48 | 5,925.47 | 2,315.40 | 3,245.21 |
ROCE % | -3.23% | 2.60% | 1.27% | 0.22% | 0.97% | 2.08% | 0.82% | -5.30% | 0.93% | 1.68% | 1.75% | 4.58% |
Documents
Announcements
- Board Meeting Intimation for Audited Financial Results And AGM Date Finalization 2d
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Announcement Under Regulation 30 Of SEBI (LODR) 2015
15 Apr - Regarding appointment of Pravin Kumar Chhabra as the independent director and Dalbir Chhibbar as the managing director of the company for a further period of …
- Compliance Under Reg 40(9) & 40 (10) - Pcs Certifcate For Transfer 12 Apr
- Update on board meeting 11 Apr
- Board Meeting Intimation for Intimation Regarding Meeting Of The Board At Shorter Notice On Monday, The 15Th April, 2024 To Approve The Appointment Of A New Independent Director Of The Company 10 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Business Overview:[1][2]
Company manufactures and supplies sponge iron, used as an input in manufacturing finished steel and Bottled Hydrocarbon/LPG gas