Ashiana Ispat Ltd

Ashiana Ispat Ltd

₹ 52.5 -1.11%
14 Jun 4:01 p.m.
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

  • Market Cap 41.8 Cr.
  • Current Price 52.5
  • High / Low 61.4 / 26.4
  • Stock P/E 28.4
  • Book Value 48.6
  • Dividend Yield 0.00 %
  • ROCE 8.21 %
  • ROE 3.88 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.08 times its book value

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 -6.10% over past five years.
  • Company has a low return on equity of 5.10% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
109.86 81.51 117.08 112.03 128.06 143.94 112.20 65.28 143.15 59.29 96.64 76.66 90.00
107.71 78.98 114.13 109.58 125.80 140.74 108.08 62.18 141.73 56.88 93.38 72.98 88.30
Operating Profit 2.15 2.53 2.95 2.45 2.26 3.20 4.12 3.10 1.42 2.41 3.26 3.68 1.70
OPM % 1.96% 3.10% 2.52% 2.19% 1.76% 2.22% 3.67% 4.75% 0.99% 4.06% 3.37% 4.80% 1.89%
0.07 -0.00 0.03 0.22 0.08 -0.00 -0.00 0.03 0.94 -0.00 0.01 0.01 1.86
Interest 1.50 1.59 1.84 1.77 1.78 1.87 1.79 1.78 1.70 2.26 1.82 2.29 2.65
Depreciation 0.32 0.44 0.92 0.61 0.02 0.56 0.56 0.57 0.54 0.50 0.48 0.47 0.47
Profit before tax 0.40 0.50 0.22 0.29 0.54 0.77 1.77 0.78 0.12 -0.35 0.97 0.93 0.44
Tax % 17.50% 10.00% 40.91% 48.28% 50.00% 16.88% 7.91% 17.95% 25.00% -25.71% 11.34% 30.11% 9.09%
0.33 0.46 0.13 0.15 0.27 0.64 1.62 0.65 0.09 -0.44 0.86 0.65 0.39
EPS in Rs 0.41 0.58 0.16 0.19 0.34 0.80 2.03 0.82 0.11 -0.55 1.08 0.82 0.49
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
271 267 268 192 203 295 441 310 295 439 465 322
265 256 260 191 199 283 429 314 286 428 453 312
Operating Profit 6 10 8 1 4 12 11 -5 9 10 12 10
OPM % 2% 4% 3% 1% 2% 4% 3% -2% 3% 2% 3% 3%
2 0 2 6 5 0 0 0 0 0 1 3
Interest 6 6 6 5 4 5 5 6 6 7 7 9
Depreciation 1 2 2 1 1 1 1 1 1 2 2 2
Profit before tax 0 3 3 1 4 5 6 -12 1 2 3 2
Tax % -15% 23% 32% 26% 30% 35% 26% 1% 19% 35% 13% 26%
0 2 2 1 3 4 4 -12 1 1 3 1
EPS in Rs 0.34 4.93 4.46 1.46 6.92 4.42 5.36 -14.71 1.44 1.27 3.77 1.85
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 2%
5 Years: -6%
3 Years: 3%
TTM: -31%
Compounded Profit Growth
10 Years: -4%
5 Years: -19%
3 Years: 6%
TTM: -51%
Stock Price CAGR
10 Years: 15%
5 Years: 19%
3 Years: 46%
1 Year: 68%
Return on Equity
10 Years: 3%
5 Years: -3%
3 Years: 5%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 8 8 8 8 8 8 8
Reserves 14 16 18 19 22 31 36 24 25 26 29 31
43 43 63 56 46 43 66 79 86 85 91 101
52 42 25 22 17 21 36 26 31 35 42 33
Total Liabilities 114 105 110 101 89 104 145 137 150 155 171 173
10 10 9 9 9 12 13 11 10 36 32 29
CWIP 0 -0 -0 0 -0 -0 12 21 25 -0 -0 -0
Investments 1 1 1 1 -0 -0 -0 -0 -0 -0 0 0
102 94 100 91 80 92 121 105 114 118 139 144
Total Assets 114 105 110 101 89 104 145 137 150 155 171 173

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 7 -11 8 13 2 -4 2 8 11 -2 -2
1 -0 -0 -1 -0 -4 -14 -9 -4 -3 3 1
-5 -7 14 -12 -14 2 18 7 -3 -8 -1 1
Net Cash Flow 2 -0 3 -5 -1 0 1 -1 -0 -0 -0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 90 69 84 102 79 72 63 91 104 66 58 71
Inventory Days 17 30 28 61 53 43 34 21 28 24 30 58
Days Payable 61 41 28 31 13 19 30 30 38 28 31 33
Cash Conversion Cycle 46 58 85 132 119 96 66 82 95 62 57 95
Working Capital Days 54 59 91 127 106 86 66 89 101 69 76 125
ROCE % 10% 14% 12% 7% 10% 14% 11% -5% 7% 7% 9%

Shareholding Pattern

Numbers in percentages

4 Recently
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

Documents