Abha Power and Steel Ltd
Founded in 2004, Abha Power and Steel Limited is engaged in the business of casting and manufacturing iron and steel products.[1]
- Market Cap ₹ 66.9 Cr.
- Current Price ₹ 36.0
- High / Low ₹ 81.9 / 26.4
- Stock P/E 12.9
- Book Value ₹ 28.4
- Dividend Yield 0.00 %
- ROCE 18.3 %
- ROE 18.2 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Castings & Forgings
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 54.52 | 54.70 | 51.75 | 70.18 | 70.35 | |
| 52.88 | 51.36 | 43.61 | 59.44 | 61.37 | |
| Operating Profit | 1.64 | 3.34 | 8.14 | 10.74 | 8.98 |
| OPM % | 3.01% | 6.11% | 15.73% | 15.30% | 12.76% |
| 0.47 | 0.42 | 0.08 | 0.65 | 0.97 | |
| Interest | 1.14 | 1.13 | 2.13 | 1.87 | 1.80 |
| Depreciation | 0.66 | 0.66 | 1.02 | 1.03 | 1.01 |
| Profit before tax | 0.31 | 1.97 | 5.07 | 8.49 | 7.14 |
| Tax % | 329.03% | 28.43% | 25.44% | 26.74% | |
| -0.72 | 1.40 | 3.78 | 6.23 | 5.20 | |
| EPS in Rs | -16.30 | 29.07 | 2.62 | 3.35 | 2.80 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 120% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 4.42 | 4.82 | 14.45 | 18.59 | 18.59 |
| Reserves | 6.78 | 8.94 | 3.09 | 32.25 | 34.28 |
| 17.66 | 23.93 | 23.73 | 21.16 | 19.63 | |
| 6.51 | 7.08 | 6.09 | 7.18 | 8.67 | |
| Total Liabilities | 35.37 | 44.77 | 47.36 | 79.18 | 81.17 |
| 6.13 | 5.76 | 18.81 | 18.22 | 17.31 | |
| CWIP | 0.17 | 13.15 | 0.00 | 7.12 | 19.30 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 29.07 | 25.86 | 28.55 | 53.84 | 44.56 | |
| Total Assets | 35.37 | 44.77 | 47.36 | 79.18 | 81.17 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -6.76 | 7.96 | 3.17 | 2.58 | |
| -1.26 | -13.56 | -0.84 | -10.09 | |
| 8.13 | 5.52 | -2.22 | 22.62 | |
| Net Cash Flow | 0.11 | -0.08 | 0.11 | 15.11 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 64.27 | 63.86 | 59.74 | 53.00 |
| Inventory Days | 82.31 | 149.24 | 234.61 | 218.53 |
| Days Payable | 32.69 | 39.49 | 25.89 | 16.20 |
| Cash Conversion Cycle | 113.90 | 173.61 | 268.46 | 255.33 |
| Working Capital Days | 89.98 | 57.32 | 81.04 | 110.10 |
| ROCE % | 9.32% | 18.24% | 18.29% |
Documents
Announcements
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Outcome of Board Meeting
14 November 2025 - Board approved unaudited results for half year ended Sep 30, 2025; IPO proceeds allocated Rs2,683.99L, balance Rs499.61L.
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2025 - No deviation in IPO utilisation as of Sep 30, 2025; allocated Rs2,683.99L, utilised Rs2,184.38L, balance Rs499.61L.
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Press Release
4 November 2025 - Abha Power and Steel Limited has informed regarding a press release dated November 04, 2025, titled "Abha Power and Steel Limited (NSE Emerge: ABHAPOWER) is …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
16 October 2025 - Submitted Regulation 74(5) SEBI certificate for quarter ended September 30, 2025; symbol ABHAPOWER.
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Press Release
4 October 2025 - Installed and commissioned PLC-based Electric Arc Furnace at Bilaspur facility on October 4, 2025.
Business Profile[1]
Abha Power and Steel Limited operates in the iron and steel foundry business, producing standard and customized products for industries like Indian Railways, steel, cement, mining, power, and heavy engineering.
Its manufacturing expertise spans all grades of mild steel, spheroidal graphite iron, manganese steel, stainless steel, and high alloy castings. The company is certified by RDSO for supplying casting products to Indian Railways and holds a PED certificate, qualifying it for exports to European nations