Ashirwad Steels & Industries Ltd

₹ 22.1 -3.84%

07 Aug - close price

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

Business Overview^[1]
The Company is engaged in investment activities, including investments in shares, securities, bonds, and mutual funds, along with the business of lending.

Website BSE

Market Cap ₹ 27.6 Cr.
Current Price ₹ 22.1
High / Low ₹ 37.2 / 17.0
Stock P/E 13.6
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 0.32 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 2.68% over last 3 years.
Earnings include an other income of Rs.2.03 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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.15	0.23	0.34	0.86	0.35	0.28	0.34	0.83	0.40	0.48	0.54	0.81	0.54
	0.33	0.23	0.22	0.28	0.23	0.23	0.23	0.40	0.32	0.28	0.38	0.53	0.36
Operating Profit	-0.18	0.00	0.12	0.58	0.12	0.05	0.11	0.43	0.08	0.20	0.16	0.28	0.18
OPM %	-120.00%	0.00%	35.29%	67.44%	34.29%	17.86%	32.35%	51.81%	20.00%	41.67%	29.63%	34.57%	33.33%
	0.64	0.70	0.69	0.78	0.70	0.67	0.59	0.54	0.65	0.66	0.41	0.37	0.59
Interest	0.01	0.00	0.05	0.01	0.02	0.00	0.00	0.01	0.00	0.02	0.02	0.01	0.00
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	0.43	0.68	0.74	1.33	0.78	0.70	0.68	0.94	0.71	0.82	0.53	0.62	0.75
Tax %	32.56%	26.47%	22.97%	32.33%	23.08%	27.14%	30.88%	23.40%	29.58%	25.61%	15.09%	24.19%	32.00%
	0.30	0.50	0.57	0.90	0.60	0.51	0.47	0.72	0.50	0.62	0.44	0.46	0.51
EPS in Rs	0.24	0.40	0.46	0.72	0.48	0.41	0.38	0.58	0.40	0.50	0.35	0.37	0.41
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	TTM
	5.15	0.86	1.85	22.26	2.77	8.18	1.58	4.05	4.44	4.40	4.30	4.12	2.37
	7.42	2.91	2.28	22.90	7.40	10.26	3.44	4.10	1.55	1.07	1.09	1.36	1.55
Operating Profit	-2.27	-2.05	-0.43	-0.64	-4.63	-2.08	-1.86	-0.05	2.89	3.33	3.21	2.76	0.82
OPM %	-44.08%	-238.37%	-23.24%	-2.88%	-167.15%	-25.43%	-117.72%	-1.23%	65.09%	75.68%	74.65%	66.99%	34.60%
	2.99	2.83	1.91	1.77	14.73	-0.99	1.93	5.38	15.88	0.00	0.00	0.05	2.03
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	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	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	2.72
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	2.03
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	1.63
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:	17%
5 Years:	21%
3 Years:	-2%
TTM:	28%

Compounded Profit Growth
10 Years:	19%
5 Years:	17%
3 Years:	69%
TTM:	-8%

Stock Price CAGR
10 Years:	14%
5 Years:	11%
3 Years:	-10%
1 Year:	-30%

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	0.00
Total Liabilities	53.17	52.94	53.76	55.60	61.65	58.77	57.20	61.38	78.38	80.94	83.13	85.13
	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	42.93
Total Assets	53.17	52.94	53.76	55.60	61.65	58.77	57.20	61.38	78.38	80.94	83.13	85.13

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	-4.39	-4.36
	0.84	5.32	2.01	-1.06	17.15	-16.87	3.49	11.15	-9.27	-47.77	2.39	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	-4.52	-4.38
CFO/OP	-167%	46%	321%	491%	131%	-181%	55%	-18,620%	636%	304%	-112%	-134%

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	1,181.58	1,625.67
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 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Number of Permanent Employees
count

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

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Total Investment Portfolio (Fair Market Value)
INR Lakhs

Total Loan Book Outstanding
INR Lakhs

Unquoted Equity Investments (Illiquid Portfolio Component)
INR Lakhs

Net Fresh Investments Made (Net of Sales/Redemptions)
INR Lakhs

Net Fresh Lending Disbursed (Net of Repayments)
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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%	30.86%	30.86%	30.87%	30.86%	30.87%	30.87%	30.87%	30.86%	30.85%	30.86%	30.86%
No. of Shareholders	5,865	6,292	6,606	7,565	7,825	8,562	8,584	8,506	8,397	8,245	8,158	8,096

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	59.04%	59.04%	61.12%	65.40%	67.00%	67.57%	69.06%	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%
	40.89%	40.89%	38.81%	34.53%	32.93%	32.36%	30.87%	30.86%	30.87%	30.86%	30.86%
No. of Shareholders	3,182	3,183	3,175	3,200	3,276	5,634	5,432	6,606	8,584	8,158	8,096

* 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.

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Ashirwad Steels & Industries Ltd

Ashirwad Steels & Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports