Ashiana Ispat Ltd

₹ 27.4 -0.25%

09 Mar - close price

About

Incorporated in 1992, Ashiana Ispat Ltd is in the business of manufacturing TMT Bars.^[1]

Key Points

Business Overview:^[1]
AIL manufactures Thermo Mechanically Treated (TMT) bars for domestic construction, engineering, automotive & infrastructure sectors under the brand name Kamdhenu Saria.

Website BSE

Market Cap ₹ 21.8 Cr.
Current Price ₹ 27.4
High / Low ₹ 33.0 / 18.1
Stock P/E
Book Value ₹ -9.99
Dividend Yield 0.00 %
ROCE -9.02 %
ROE -76.8 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -14.5% over past five years.
Company has a low return on equity of -9.98% over last 3 years.
Debtor days have increased from 74.6 to 95.6 days.

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	65	143	59	97	77	90	109	32	0	1	87	408	613
	62	142	57	93	73	88	103	35	1	15	87	407	610
Operating Profit	3	1	2	3	4	2	6	-3	-1	-15	-0	2	3
OPM %	5%	1%	4%	3%	5%	2%	6%	-8%	-12,300%	-2,935%	-0%	0%	0%
	0	1	0	0	0	2	0	0	0	-30	0	-1	35
Interest	2	2	2	2	2	3	2	2	2	0	0	0	0
Depreciation	1	1	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	1	0	-0	1	1	0	3	-5	-3	-46	-1	0	38
Tax %	18%	25%	26%	11%	30%	9%	3%	1%	2%	-10%	-31%	-94%	-0%
	1	0	-0	1	1	0	3	-5	-3	-42	-0	0	38
EPS in Rs	0.82	0.11	-0.55	1.08	0.82	0.49	3.98	-6.14	-4.32	-52.14	-0.44	0.43	47.48
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	267	268	192	203	295	441	310	295	439	465	322	142	1,109
	256	260	191	199	283	429	314	286	428	453	312	154	1,120
Operating Profit	10	8	1	4	12	11	-5	9	10	12	10	-13	-11
OPM %	4%	3%	1%	2%	4%	3%	-2%	3%	2%	3%	3%	-9%	-1%
	0	2	6	5	0	0	0	0	0	1	3	-30	4
Interest	6	6	5	4	5	5	6	6	7	7	9	6	1
Depreciation	2	2	1	1	1	1	1	1	2	2	2	2	0
Profit before tax	3	3	1	4	5	6	-12	1	2	3	2	-51	-9
Tax %	23%	32%	26%	30%	35%	26%	-1%	19%	35%	13%	26%	-9%
	2	2	1	3	4	4	-12	1	1	3	1	-47	-4
EPS in Rs	4.93	4.46	1.46	6.92	4.42	5.36	-14.71	1.44	1.27	3.77	1.85	-58.62	-4.67
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-14%
3 Years:	-31%
TTM:	380%

Compounded Profit Growth
10 Years:	%
5 Years:	0%
3 Years:	%
TTM:	61%

Stock Price CAGR
10 Years:	11%
5 Years:	19%
3 Years:	-6%
1 Year:	-14%

Return on Equity
10 Years:	-2%
5 Years:	-4%
3 Years:	-10%
Last Year:	-77%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	4	4	4	4	8	8	8	8	8	8	8	8	8
Reserves	16	18	19	22	31	36	24	25	26	29	31	-16	-16
	43	63	56	46	43	66	79	86	85	91	101	91	79
	42	25	22	17	21	36	26	31	35	42	33	29	128
Total Liabilities	105	110	101	89	104	145	137	150	155	171	173	112	199
	10	9	9	9	12	13	11	10	36	32	29	9	0
CWIP	0	0	0	0	0	12	21	25	0	0	0	0	0
Investments	1	1	1	0	0	0	0	0	0	0	0	0	0
	94	100	91	80	92	121	105	114	118	139	144	103	199
Total Assets	105	110	101	89	104	145	137	150	155	171	173	112	199

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	7	-11	8	13	2	-4	2	8	11	-2	-2	12
	-0	-0	-1	-0	-4	-14	-9	-4	-3	3	1	1
	-7	14	-12	-14	2	18	7	-3	-8	-1	1	-14
Net Cash Flow	-0	3	-5	-1	0	1	-1	-0	-0	-0	0	-0

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	69	84	102	79	72	63	91	104	66	58	71	96
Inventory Days	30	28	61	53	43	34	21	28	24	30	58	73
Days Payable	41	28	31	13	19	30	30	38	28	31	33	51
Cash Conversion Cycle	58	85	132	119	96	66	82	95	62	57	95	117
Working Capital Days	24	58	61	68	86	27	26	32	24	30	34	-41
ROCE %	14%	12%	7%	10%	14%	11%	-5%	7%	7%	8%	7%	-9%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Estimated Production Volume (TMT / CTD Bars)
Metric Tonnes (MT)

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	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xx.xx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	x,xxx.xx	xx,xxx.xx	x.xx
			xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx			xxx,xxx
											xx

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Power Consumption Efficiency (CTD Section)
Units/MT

Estimated Production Volume (Ingots)
Metric Tonnes (MT)

Installed Manufacturing Capacity (TMT Bars)
Metric Tonnes Per Annum (TPA)

Number of Outsourced Manufacturing Plants
Count

Shareholding Pattern

Numbers in percentages

1 Recently

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%
	58.40%	58.40%	58.41%	58.40%	58.41%	58.41%	58.41%	58.41%	58.41%	58.41%	58.40%	58.41%
No. of Shareholders	10,878	10,801	10,945	11,062	11,302	11,283	11,748	11,980	11,901	11,862	11,854	11,720

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	36.56%	40.93%	41.50%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%	41.59%
	63.44%	59.07%	58.50%	58.41%	58.41%	58.41%	58.40%	58.41%	58.41%	58.41%
No. of Shareholders	10,852	10,684	10,465	10,412	10,397	10,453	10,878	11,302	11,901	11,720

Ashiana Ispat Ltd

Ashiana Ispat Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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