Ashirwad Steels & Industries Ltd

Ashirwad Steels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashirwad Steels & Industries Ltd

₹ 24.7 -0.48%
27 May - close price
ashirwadsteels.com BSE: 526847
About

Incorporated in 1986, Ashirwad Steels & Industries Ltd is in the business of lending of funds and investments in shares and securities[1]

Key Points

Operational Status:[1][2][3]
a) ASIL previously manufactured sponge iron and LPG gas bottles but has since disposed of all industrial units, except an inoperative LPG Bottling Plant in Raigarh, which remains commercially unviable.
b) The attempts to sell the plant have been unsuccessful, with only the freehold land holding commercial value, while the obsolete equipment is valued as scrap.
c) In FY24, ASIL started an investment and lending business, but the board has yet to identify or commence any industrial, trading, or real estate business despite ongoing efforts.
d) The company is operating as a non-banking financial institution without RBI registration.

Website BSE
  • Market Cap ₹ 30.9 Cr.
  • Current Price ₹ 24.7
  • High / Low ₹ 37.2 / 17.0
  • Stock P/E 15.3
  • Book Value ₹ 68.1
  • Dividend Yield 0.00 %
  • ROCE 3.25 %
  • ROE 2.40 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.36 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 5.55% over past five years.
  • Company has a low return on equity of 2.68% over last 3 years.
  • Earnings include an other income of Rs.2.10 Cr.
  • Working capital days have increased from 1,744 days to 3,236 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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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0.32 0.15 0.23 0.34 0.86 0.35 0.28 0.34 0.83 0.40 0.48 0.54 0.81
0.16 0.33 0.23 0.22 0.28 0.23 0.23 0.23 0.40 0.32 0.28 0.38 0.53
Operating Profit 0.16 -0.18 0.00 0.12 0.58 0.12 0.05 0.11 0.43 0.08 0.20 0.16 0.28
OPM % 50.00% -120.00% 0.00% 35.29% 67.44% 34.29% 17.86% 32.35% 51.81% 20.00% 41.67% 29.63% 34.57%
0.62 0.64 0.70 0.69 0.78 0.70 0.67 0.59 0.54 0.65 0.66 0.41 0.37
Interest 0.00 0.01 0.00 0.05 0.01 0.02 0.00 0.00 0.01 0.00 0.02 0.02 0.01
Depreciation 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Profit before tax 0.76 0.43 0.68 0.74 1.33 0.78 0.70 0.68 0.94 0.71 0.82 0.53 0.62
Tax % 27.63% 32.56% 26.47% 22.97% 32.33% 23.08% 27.14% 30.88% 23.40% 29.58% 25.61% 15.09% 24.19%
0.55 0.30 0.50 0.57 0.90 0.60 0.51 0.47 0.72 0.50 0.62 0.44 0.46
EPS in Rs 0.44 0.24 0.40 0.46 0.72 0.48 0.41 0.38 0.58 0.40 0.50 0.35 0.37
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5.15 0.86 1.85 22.26 2.77 8.18 1.58 4.05 4.44 4.40 4.30 2.07
7.42 2.91 2.28 22.90 7.40 10.26 3.44 4.10 1.55 1.07 1.09 1.36
Operating Profit -2.27 -2.05 -0.43 -0.64 -4.63 -2.08 -1.86 -0.05 2.89 3.33 3.21 0.71
OPM % -44.08% -238.37% -23.24% -2.88% -167.15% -25.43% -117.72% -1.23% 65.09% 75.68% 74.65% 34.30%
2.99 2.83 1.91 1.77 14.73 -0.99 1.93 5.38 15.88 0.00 0.00 2.10
Interest 0.29 0.12 0.03 0.12 0.03 0.10 0.06 0.20 0.03 0.07 0.03 0.05
Depreciation 0.67 0.63 0.63 0.62 0.46 0.36 0.36 0.35 0.08 0.08 0.08 0.08
Profit before tax -0.24 0.03 0.82 0.39 9.61 -3.53 -0.35 4.78 18.66 3.18 3.10 2.68
Tax % -50.00% -533.33% 7.32% -33.33% 21.75% 4.25% -8.57% 3.14% 10.13% 29.25% 25.81% 24.63%
-0.13 0.18 0.76 0.52 7.52 -3.67 -0.31 4.62 16.77 2.26 2.30 2.02
EPS in Rs -0.10 0.14 0.61 0.42 6.02 -2.94 -0.25 3.70 13.42 1.81 1.84 1.62
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: 9%
5 Years: 6%
3 Years: -22%
TTM: -52%
Compounded Profit Growth
10 Years: 19%
5 Years: 17%
3 Years: 69%
TTM: -12%
Stock Price CAGR
10 Years: 18%
5 Years: 12%
3 Years: 2%
1 Year: -28%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 3%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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
Reserves 38.09 38.21 39.71 40.18 48.13 43.26 43.95 48.86 65.88 68.35 70.62 72.63
0.00 0.00 0.00 0.00 0.00 1.99 0.00 0.00 0.00 0.00 0.00 0.00
2.58 2.23 1.55 2.92 1.02 1.02 0.75 0.02 0.00 0.09 0.01 0.01
Total Liabilities 53.17 52.94 53.76 55.60 61.65 58.77 57.20 61.38 78.38 80.94 83.13 85.14
9.18 8.77 8.24 7.40 4.88 4.99 4.65 0.61 0.42 0.35 0.40 0.34
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.94 0.00 0.00 0.00 0.00 0.00
Investments 4.46 3.02 7.81 8.87 11.91 10.21 8.98 5.21 17.37 31.81 36.20 41.86
39.53 41.15 37.71 39.33 44.86 43.57 42.63 55.56 60.59 48.78 46.53 42.94
Total Assets 53.17 52.94 53.76 55.60 61.65 58.77 57.20 61.38 78.38 80.94 83.13 85.14

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3.95 -0.67 -1.46 -3.19 -8.72 3.66 -1.02 9.15 16.49 9.20 -4.64 -4.36
0.84 5.32 2.01 -1.06 17.15 -16.87 3.49 11.15 -9.27 -47.77 2.64 5.13
-4.27 2.89 -0.02 -0.11 -0.03 1.90 -2.05 -0.01 -0.02 -0.06 -0.03 -0.05
Net Cash Flow 0.53 7.54 0.53 -4.37 8.40 -11.31 0.42 20.29 7.20 -38.63 -2.03 0.71
Free Cash Flow 4.10 3.20 -1.56 -2.97 7.12 3.19 -1.97 12.83 16.96 9.20 -4.77 -7.08
CFO/OP -167% 46% 321% 491% 131% -181% 55% -18,620% 636% 304% -120% -521%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 3.54 0.00 0.00 30.33 65.88 39.71 48.51 0.00 0.00 0.00 0.00 0.00
Inventory Days 326.45 1,360.06 100.10 1,733.75 172.05 2,190.00
Days Payable 0.00 0.00 0.00 0.00 6.67 0.00
Cash Conversion Cycle 329.99 1,360.06 0.00 130.43 1,799.63 205.10 2,238.51 0.00 0.00 0.00 0.00 0.00
Working Capital Days 1,533.00 7,754.13 1,909.84 177.74 2,437.73 1,014.68 5,925.47 1,863.75 1,542.21 793.05 1,202.80 3,235.63
ROCE % 0.22% 0.97% 2.08% 0.82% -5.30% 0.93% 1.68% -0.56% 4.02% 4.08% 3.82% 3.25%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of LPG Bottling Plants
Count

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Number of Sponge Iron Plants
Count
Production - Sponge Iron
Metric Tonnes (MT)
Investment Portfolio Fair Value
INR Crores
Loan Book Size
INR Crores
Number of Permanent Employees
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
30.87% 30.87% 30.86% 30.86% 30.87% 30.86% 30.87% 30.87% 30.87% 30.86% 30.85% 30.86%
No. of Shareholders 5,4455,8656,2926,6067,5657,8258,5628,5848,5068,3978,2458,158

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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