Ashiana Ispat Ltd

Ashiana Ispat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashiana Ispat Ltd

₹ 44.6 -2.36%
23 Apr - close price
ashianaispat.in BSE: 513401
About

Incorporated in 1992, Ashiana Ispat Ltd is a manufacturer of Steel TMT Bars used in construction and infrastructure sector[1]

Key Points

Business Overview:[1][2][3]
Company is in iron & steel industry manufacturing high-tech & high value-added steel for domestic construction, engineering, automotive & infrastructure sectors. It is the largest manufacturer of Turbo Thermo mechanical Treated Bars ranging from 8mm to 32mm in diameter,coming in FE-415, Fe-500, Fe-550 grades, by the name of Kamdhenu Saria. Also, company has launched 2 other brands viz. Kamdhenu NXT and Kay2 Xenox

Website BSE
  • Market Cap ₹ 35.5 Cr.
  • Current Price ₹ 44.6
  • High / Low ₹ 56.2 / 26.4
  • Stock P/E 30.6
  • Book Value ₹ 47.2
  • Dividend Yield 0.00 %
  • ROCE 8.55 %
  • ROE 8.42 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.95 times its book value
  • Debtor days have improved from 76.1 to 57.5 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.54% over past five years.
  • Company has a low return on equity of 5.13% over last 3 years.

* 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
94.06 109.86 81.51 117.08 112.03 128.06 143.94 112.20 65.28 143.15 59.29 96.64 76.66
91.48 107.71 78.98 114.13 109.58 125.80 140.74 108.08 62.18 141.73 56.88 93.38 72.98
Operating Profit 2.58 2.15 2.53 2.95 2.45 2.26 3.20 4.12 3.10 1.42 2.41 3.26 3.68
OPM % 2.74% 1.96% 3.10% 2.52% 2.19% 1.76% 2.22% 3.67% 4.75% 0.99% 4.06% 3.37% 4.80%
0.09 0.07 0.00 0.03 0.22 0.08 0.00 0.00 0.03 0.94 0.00 0.01 0.01
Interest 1.68 1.50 1.59 1.84 1.77 1.78 1.87 1.79 1.78 1.70 2.26 1.82 2.29
Depreciation 0.30 0.32 0.44 0.92 0.61 0.02 0.56 0.56 0.57 0.54 0.50 0.48 0.47
Profit before tax 0.69 0.40 0.50 0.22 0.29 0.54 0.77 1.77 0.78 0.12 -0.35 0.97 0.93
Tax % 28.99% 17.50% 10.00% 40.91% 48.28% 50.00% 16.88% 7.91% 17.95% 25.00% -25.71% 11.34% 30.11%
0.49 0.33 0.46 0.13 0.15 0.27 0.64 1.62 0.65 0.09 -0.44 0.86 0.65
EPS in Rs 0.62 0.41 0.58 0.16 0.19 0.34 0.80 2.03 0.82 0.11 -0.55 1.08 0.82
Raw PDF

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
274 271 267 268 192 203 295 441 310 295 439 465 376
263 265 256 260 191 199 283 429 314 286 428 453 365
Operating Profit 11 6 10 8 1 4 12 11 -5 9 10 12 11
OPM % 4% 2% 4% 3% 1% 2% 4% 3% -2% 3% 2% 3% 3%
-0 2 0 2 6 5 0 0 0 0 0 1 1
Interest 6 6 6 6 5 4 5 5 6 6 7 7 8
Depreciation 1 1 2 2 1 1 1 1 1 1 2 2 2
Profit before tax 4 0 3 3 1 4 5 6 -12 1 2 3 2
Tax % 33% -15% 23% 32% 26% 30% 35% 26% 1% 19% 35% 13%
2 0 2 2 1 3 4 4 -12 1 1 3 1
EPS in Rs 5.33 0.34 4.93 4.46 1.46 6.92 4.42 5.36 -14.71 1.44 1.27 3.77 1.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 14%
TTM: -16%
Compounded Profit Growth
10 Years: 29%
5 Years: -3%
3 Years: 31%
TTM: -64%
Stock Price CAGR
10 Years: 18%
5 Years: 14%
3 Years: 49%
1 Year: 23%
Return on Equity
10 Years: 3%
5 Years: -1%
3 Years: 5%
Last Year: 8%

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 4 4 4 4 4 4 8 8 8 8 8 8 8
Reserves 14 14 16 18 19 22 31 36 24 25 26 29 30
42 43 43 63 56 46 43 66 79 86 85 91 93
37 52 42 25 22 17 21 36 26 31 35 42 44
Total Liabilities 97 114 105 110 101 89 104 145 137 150 155 171 175
11 10 10 9 9 9 12 13 11 10 36 32 30
CWIP 0 0 0 0 0 0 0 12 21 25 0 0 0
Investments 2 1 1 1 1 0 0 0 0 0 0 0 0
83 102 94 100 91 80 92 121 105 114 118 139 144
Total Assets 97 114 105 110 101 89 104 145 137 150 155 171 175

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
-1 5 7 -11 8 13 2 -4 2 8 11 -2
-1 1 -0 -0 -1 -0 -4 -14 -9 -4 -3 3
4 -5 -7 14 -12 -14 2 18 7 -3 -8 -1
Net Cash Flow 1 2 -0 3 -5 -1 0 1 -1 -0 -0 -0

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 57 90 69 84 102 79 72 63 91 104 66 58
Inventory Days 21 17 30 28 61 53 43 34 21 28 24 30
Days Payable 35 61 41 28 31 13 19 30 30 38 28 31
Cash Conversion Cycle 44 46 58 85 132 119 96 66 82 95 62 57
Working Capital Days 53 54 59 91 127 106 86 66 89 101 69 76
ROCE % 17% 10% 14% 12% 7% 10% 14% 11% -5% 7% 7% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.59% 41.59% 41.59% 41.59% 41.59% 41.59% 41.59% 41.59% 41.59% 41.59% 41.59% 41.59%
58.41% 58.41% 58.41% 58.41% 58.41% 58.41% 58.41% 58.40% 58.40% 58.41% 58.40% 58.41%
No. of Shareholders 10,36710,35710,46510,45310,43510,44410,47610,87810,80110,94511,06211,302

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