Ashirwad Steels & Industries Ltd
Incorporated in 1986, Ashirwad Steels & Industries Ltd is in the business of lending of funds and investments in shares and securities[1]
- Market Cap ₹ 39.8 Cr.
- Current Price ₹ 31.8
- High / Low ₹ 53.0 / 28.3
- Stock P/E 17.3
- Book Value ₹ 66.5
- Dividend Yield 0.00 %
- ROCE 3.82 %
- ROE 2.81 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.48 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 -12.1% over past five years.
- Company has a low return on equity of 3.05% 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15.12 | 5.15 | 0.86 | 1.85 | 22.26 | 2.77 | 8.18 | 1.58 | 3.26 | 4.44 | 4.40 | 4.30 | |
16.14 | 7.42 | 2.91 | 2.28 | 22.90 | 7.40 | 10.26 | 3.44 | 2.75 | 1.55 | 1.07 | 1.09 | |
Operating Profit | -1.02 | -2.27 | -2.05 | -0.43 | -0.64 | -4.63 | -2.08 | -1.86 | 0.51 | 2.89 | 3.33 | 3.21 |
OPM % | -6.75% | -44.08% | -238.37% | -23.24% | -2.88% | -167.15% | -25.43% | -117.72% | 15.64% | 65.09% | 75.68% | 74.65% |
2.79 | 2.99 | 2.83 | 1.91 | 1.77 | 14.73 | -0.99 | 1.93 | 4.82 | 15.88 | 0.00 | 0.00 | |
Interest | 0.47 | 0.29 | 0.12 | 0.03 | 0.12 | 0.03 | 0.10 | 0.06 | 0.20 | 0.03 | 0.07 | 0.03 |
Depreciation | 1.13 | 0.67 | 0.63 | 0.63 | 0.62 | 0.46 | 0.36 | 0.36 | 0.35 | 0.08 | 0.08 | 0.08 |
Profit before tax | 0.17 | -0.24 | 0.03 | 0.82 | 0.39 | 9.61 | -3.53 | -0.35 | 4.78 | 18.66 | 3.18 | 3.10 |
Tax % | -117.65% | -50.00% | -533.33% | 7.32% | -33.33% | 21.75% | 4.25% | -8.57% | 3.14% | 10.13% | 29.25% | 25.81% |
0.37 | -0.13 | 0.18 | 0.76 | 0.52 | 7.52 | -3.67 | -0.31 | 4.62 | 16.77 | 2.26 | 2.30 | |
EPS in Rs | 0.30 | -0.10 | 0.14 | 0.61 | 0.42 | 6.02 | -2.94 | -0.25 | 3.70 | 13.42 | 1.81 | 1.84 |
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: | -2% |
5 Years: | -12% |
3 Years: | 10% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 43% |
5 Years: | 39% |
3 Years: | 22% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 29% |
3 Years: | 23% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 3% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 38.19 | 38.09 | 38.21 | 39.71 | 40.18 | 48.13 | 43.26 | 43.95 | 48.86 | 65.88 | 68.35 | 70.62 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
3.32 | 2.58 | 2.23 | 1.55 | 2.92 | 1.02 | 1.02 | 0.75 | 0.02 | 0.00 | 0.09 | 0.01 | |
Total Liabilities | 54.01 | 53.17 | 52.94 | 53.76 | 55.60 | 61.65 | 58.77 | 57.20 | 61.38 | 78.38 | 80.94 | 83.13 |
10.04 | 9.18 | 8.77 | 8.24 | 7.40 | 4.88 | 4.99 | 4.65 | 0.61 | 0.42 | 0.35 | 0.40 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 4.49 | 4.46 | 3.02 | 7.81 | 8.87 | 11.91 | 10.21 | 8.98 | 5.21 | 17.37 | 31.81 | 36.20 |
39.48 | 39.53 | 41.15 | 37.71 | 39.33 | 44.86 | 43.57 | 42.63 | 55.56 | 60.59 | 48.78 | 46.53 | |
Total Assets | 54.01 | 53.17 | 52.94 | 53.76 | 55.60 | 61.65 | 58.77 | 57.20 | 61.38 | 78.38 | 80.94 | 83.13 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-4.92 | 3.95 | -0.67 | -1.46 | -3.19 | -8.72 | 3.66 | -1.02 | 9.15 | 16.49 | 9.20 | -4.64 | |
2.68 | 0.84 | 5.32 | 2.01 | -1.06 | 17.15 | -16.87 | 3.49 | 11.15 | -9.27 | -47.77 | 2.64 | |
-2.69 | -4.27 | 2.89 | -0.02 | -0.11 | -0.03 | 1.90 | -2.05 | -0.01 | -0.02 | -0.06 | -0.03 | |
Net Cash Flow | -4.93 | 0.53 | 7.54 | 0.53 | -4.37 | 8.40 | -11.31 | 0.42 | 20.29 | 7.20 | -38.63 | -2.03 |
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 | 49.97 | 3.54 | 0.00 | 0.00 | 30.33 | 65.88 | 39.71 | 48.51 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Days | 196.33 | 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 | 0.00 | 6.67 | 0.00 | |||||
Cash Conversion Cycle | 246.30 | 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 |
Working Capital Days | 571.64 | 1,533.00 | 7,754.13 | 1,909.84 | 177.74 | 2,437.73 | 1,103.48 | 5,925.47 | 2,315.40 | 1,542.21 | 793.05 | 1,202.80 |
ROCE % | 1.27% | 0.22% | 0.97% | 2.08% | 0.82% | -5.30% | 0.93% | 1.68% | 1.75% | 4.02% | 4.08% | 3.82% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Certificate confirming share dematerialisation compliance for quarter/year ended June 30, 2025.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 11 Jul
- Shareholder Meeting / Postal Ballot-Outcome of AGM 10 Jul
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Outcome Of 39Th AGM Held On 10Th July, 2025
10 Jul - Re-appointment of Independent Director and appointment of Secretarial Auditor approved at AGM.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
10 Jul - Summary of 39th AGM held on 10 July 2025; financials, director reappointments, and operational updates.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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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.