Ashiana Ispat
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsPrice-based figures · EPS basis: Standalone · TTM
- ROCE
- 63.80%
- Debt to Equity
- 1.61
- EPS (TTM)
- ₹38.20
- Book Value
- —
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- —
- ROE
- Not meaningful: the figure is far outside this ratio’s usual range, as its base is close to zero
- Dividend Yield
- 0.00%
- EBITDA
- −₹8.30 Cr
- 52W High
- —
- 52W Low
- —
Key Insights
Strengths
6- Company has reduced debt.
- Stock is trading at 0.62 times its book value
- Company has delivered good profit growth of 100% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.2%
- Debtor days have improved from 66.4 to 33.0 days.
- Promoter holding has increased by 3.16% over last quarter.
Weaknesses
2- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.30.8 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 3 | 4 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 29.84
- Bullish
- MACD (12,26,9)
- −2.25
- Bearish
- SMA (50)
- 24.36
- Bearish
- SMA (200)
- 22.47
- Bearish
As of , the latest day with price data, so these readings are not current.
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 10Y | +25.87% |
|---|---|
| 5Y | +45.38% |
| 3Y | +60.32% |
| 1Y | Tiny base |
Net profit
| 10Y | +40.51% |
|---|---|
| 5Y | +97.44% |
| 3Y | +115.44% |
| 1Y | Turned to profit |
Operating cash flow
| 10Y | +8.45% |
|---|---|
| 5Y | +17.61% |
| 3Y | Turned positive |
| 1Y | +50.00% |
Operating margin· change in pp
| 10Y | −0.26 pp |
|---|---|
| 5Y | −2.79 pp |
| 3Y | −2.32 pp |
| 1Y | +9.41 pp |
Trailing twelve months: The last four quarters end with the latest fiscal year, which the 1Y column covers.
Revenue by year
| Mar 2017 | ₹203 Cr |
|---|---|
| Mar 2018 | ₹295 Cr |
| Mar 2019 | ₹441 Cr |
| Mar 2020 | ₹310 Cr |
| Mar 2021 | ₹295 Cr |
| Mar 2022 | ₹439 Cr |
| Mar 2023 | ₹465 Cr |
| Mar 2024 | ₹322 Cr |
| Mar 2025 | ₹142 Cr |
| Mar 2026 | ₹1,916 Cr |
Net profit by year
| Mar 2017 | ₹3.00 Cr |
|---|---|
| Mar 2018 | ₹4.00 Cr |
| Mar 2019 | ₹4.00 Cr |
| Mar 2020 | −₹12.00 Cr |
| Mar 2021 | ₹1.00 Cr |
| Mar 2022 | ₹1.00 Cr |
| Mar 2023 | ₹3.00 Cr |
| Mar 2024 | ₹1.00 Cr |
| Mar 2025 | −₹47.00 Cr |
| Mar 2026 | ₹30.00 Cr |
Quarterly Results
₹ CrResults for the period ended Jun 2026 were due by 14 Aug 2026 and are not in this table yet.
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 143 | 59.29 | 96.64 | 76.66 | 90 | 109 | 32.22 | 0.01 | 0.51 | 87.21 | 408 | 613 | 808 |
| Expenses | 142 | 56.88 | 93.38 | 72.98 | 88.3 | 103 | 34.82 | 1.24 | 15.48 | 87.44 | 407 | 610 | 807 |
| Operating Profit | 1.42 | 2.41 | 3.26 | 3.68 | 1.7 | 6.08 | −2.6 | −1.23 | −14.97 | −0.23 | 1.79 | 2.68 | 0.52 |
| OPM % | 0.99% | 4.06% | 3.37% | 4.8% | 1.89% | 5.59% | −8.07% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −0.26% | 0.44% | 0.44% | 0.06% |
| Other Income | 0.94 | 0 | 0.01 | 0.01 | 1.86 | 0.03 | 0.02 | 0 | −30.5 | 0.01 | −1.36 | 35.49 | −3.3 |
| Interest | 1.7 | 2.26 | 1.82 | 2.29 | 2.65 | 2.39 | 1.79 | 1.69 | 0.33 | 0.26 | 0.22 | 0.35 | 1.02 |
| Depreciation | 0.54 | 0.5 | 0.48 | 0.47 | 0.47 | 0.44 | 0.45 | 0.45 | 0.42 | 0.03 | 0.03 | 0.01 | 0.01 |
| PBT | 0.12 | −0.35 | 0.97 | 0.93 | 0.44 | 3.28 | −4.82 | −3.37 | −46.22 | −0.51 | 0.18 | 37.81 | −3.81 |
| Tax % | 25% | 25.71% | 11.34% | 30.11% | 9.09% | 3.05% | 1.45% | 2.08% | −10.15% | −31.37% | −94.44% | −0.03% | 93.44% |
| Net Profit | 0.09 | −0.44 | 0.86 | 0.65 | 0.39 | 3.17 | −4.89 | −3.44 | −41.53 | −0.35 | 0.34 | 37.82 | −7.38 |
| EPS (₹) | 0.11 | −0.55 | 1.08 | 0.82 | 0.49 | 3.98 | −6.14 | −4.32 | −52.14 | −0.44 | 0.43 | 47.48 | −9.27 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 268 | 192 | 203 | 295 | 441 | 310 | 295 | 439 | 465 | 322 | 142 | 1,916 |
| Expenses | 260 | 191 | 199 | 283 | 429 | 314 | 286 | 428 | 453 | 312 | 154 | 1,911 |
| Operating Profit | 8 | 1 | 4 | 12 | 11 | −5 | 9 | 10 | 12 | 10 | −13 | 5 |
| OPM % | 3% | 0.8% | 2.1% | 4% | 2.6% | −1.5% | 2.9% | 2.3% | 2.5% | 3.2% | −9% | 0.2% |
| Other Income | 2 | 6 | 5 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | −30 | 31 |
| Interest | 6 | 5 | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 9 | 6 | 2 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 0 |
| PBT | 3 | 1 | 4 | 5 | 6 | −12 | 1 | 2 | 3 | 2 | −51 | 34 |
| Tax % | 32% | 26% | 30% | 35% | 26% | −1% | 19% | 35% | 13% | 26% | −9% | 10% |
| Net Profit | 2 | 1 | 3 | 4 | 4 | −12 | 1 | 1 | 3 | 1 | −47 | 30 |
| EPS (₹) | 4.46 | 1.46 | 6.92 | 4.42 | 5.36 | −14.71 | 1.44 | 1.27 | 3.77 | 1.85 | −58.62 | 38.21 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | 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 | 4 | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 18 | 19 | 22 | 31 | 36 | 24 | 25 | 26 | 29 | 31 | −16 | 15 |
| Borrowings | 63 | 56 | 46 | 43 | 66 | 79 | 86 | 85 | 91 | 101 | 91 | 37 |
| Other Liabilities | 25 | 22 | 17 | 21 | 36 | 26 | 31 | 35 | 42 | 33 | 29 | 178 |
| Total Liabilities | 110 | 101 | 89 | 104 | 145 | 137 | 150 | 155 | 171 | 173 | 112 | 237 |
| Fixed Assets | 9 | 9 | 9 | 12 | 13 | 11 | 10 | 36 | 32 | 29 | 9 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 12 | 21 | 25 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 100 | 91 | 80 | 92 | 121 | 105 | 114 | 118 | 139 | 144 | 103 | 237 |
| Total Assets | 110 | 101 | 89 | 104 | 145 | 137 | 150 | 155 | 171 | 173 | 112 | 237 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −11 | 8 | 13 | 2 | −4 | 2 | 8 | 11 | −2 | −2 | 12 | 18 |
| Investing | 0 | −1 | 0 | −4 | −14 | −9 | −4 | −3 | 3 | 1 | 1 | 37 |
| Financing | 14 | −12 | −14 | 2 | 18 | 7 | −3 | −8 | −1 | 1 | −14 | −54 |
| Net Cash Flow | 3 | −5 | −1 | 0 | 1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | −12 | 7 | 11 | −2 | −18 | −7 | 3 | 8 | 1 | 0 | 12 | 61 |
| CFO/EBITDA | −132 | 564 | 298 | 20 | −32 | −35 | 88 | 101 | −15 | −16 | −98 | 408 |
Ratios
| Particulars | 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 | 84 | 102 | 79 | 72 | 63 | 91 | 104 | 66 | 58 | 71 | 96 | 33 |
| Inventory Days | 28 | 61 | 53 | 43 | 34 | 21 | 28 | 24 | 30 | 58 | 73 | 3 |
| Days Payable | 28 | 31 | 13 | 19 | 30 | 30 | 38 | 28 | 31 | 33 | 51 | 32 |
| Cash Conversion Cycle | 85 | 132 | 119 | 96 | 66 | 82 | 95 | 62 | 57 | 95 | 117 | 4 |
| Working Capital Days | 58 | 61 | 68 | 86 | 27 | 26 | 32 | 24 | 30 | 34 | −41 | 2 |
| ROCE % | 12% | 7% | 10% | 14% | 11% | −5% | 7% | 7% | 8% | 7% | −9% | 64% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ashiana Ispat insights
61 extracted metrics across FY11–FY26.
Documents
- 29 Mar 2025
- 13 Jun 2025
- 11 Dec 2024
- 19 Mar 2024
- 7 Feb 2024
- 7 Nov 2022
- Reason For Non Submission Of Financial Results For Quarter And Financial Year Ended On March 31 2026General announcements 30 May 2026
Frequently Asked Questions about Ashiana Ispat
What does Ashiana Ispat Ltd do?
Where is Ashiana Ispat Ltd (ASHIS) listed?
Which sector does Ashiana Ispat Ltd belong to?
Company Information
Incorporated in 1992, Ashiana Ispat Ltd is in the business of manufacturing TMT Bars.
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/513401.md for Ashiana Ispat Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.
Append .md to any Tapetide URL for
the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.