---
title: "Nardhana Infrastructure Ltd (513611) — Share Price, Financials & Analysis"
symbol: "513611"
company: "Nardhana Infrastructure Ltd"
canonical: "https://tapetide.com/stocks/513611"
isin: "INE077H01015"
bse_code: "513611"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:47:05.770Z"
---

# Nardhana Infrastructure Ltd (513611)

Canonical page: https://tapetide.com/stocks/513611

## Company

- **BSE Code:** 513611
- **ISIN:** INE077H01015
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2009-04-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** pithampursteels.com

## About

Nardhana Infrastructure Limited is engaged in the projects and infrastructure development activities.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.09 times its book value

### Weaknesses

- The company has delivered a poor sales growth of -45.4% over past five years.
- Company has a low return on equity of -2.00% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 348 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 54% | — | — |
| revenue growth | -95% | -60% | -45% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.43 | 0.5 | 0.01 | 0.02 | 0.33 | 0.06 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| Expenses | 0.41 | 0.5 | 0.01 | 0.01 | 0.33 | 0.05 | 0 | 0.01 | 0.01 | 0 | 0 |
| Operating Profit | 0.02 | 0 | 0 | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| OPM % | 4.65 | 0 | 0 | 50 | 0 | 16.67 | 100 | 0 | 0 | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.01 | 0 | 0 | 0.01 | -0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Tax % | 0 | — | — | 0 | 0 | 0 | — | — | — | — | — |
| Net Profit | 0.01 | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | -0.01 |
| EPS in Rs | 0.03 | 0 | 0 | 0 | -0.03 | 0 | 0 | 0 | 0 | 0 | -0.03 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.8 | 34.42 | 40.35 | 23.23 | 31.23 | 51.1 | 23.83 | 1.95 | 0.02 |
| Expenses | 20.75 | 34.36 | 40.33 | 23.21 | 31.2 | 51.15 | 23.97 | 1.95 | 0.02 |
| Operating Profit | 0.05 | 0.06 | 0.02 | 0.02 | 0.03 | -0.05 | -0.14 | 0 | 0 |
| OPM % | 0.24 | 0.17 | 0.05 | 0.09 | 0.1 | -0.1 | -0.59 | 0 | — |
| Other Income | 0.03 | 0 | 0.04 | 0.11 | 0.02 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 |
| Profit before tax | 0.07 | 0.05 | 0.05 | 0.11 | 0.03 | -0.07 | -0.16 | -0.02 | 0 |
| Tax % | 14.29 | 40 | 0 | 372.73 | 33.33 | -42.86 | -18.75 | 150 | — |
| Net Profit | 0.06 | 0.03 | 0.05 | -0.3 | 0.02 | -0.04 | -0.13 | -0.06 | -0.01 |
| EPS in Rs | 0.15 | 0.08 | 0.13 | -0.76 | 0.05 | -0.1 | -0.33 | -0.15 | -0.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 |
| Reserves | 0.21 | 0.24 | 0.57 | 0.27 | 0 | -0.04 | -0.19 | -0.25 |
| Borrowings | 1.44 | 1.44 | 2.14 | 2.17 | 1.75 | 1.76 | 1.44 | 1.44 |
| Other Liabilities | 0.43 | 1.3 | 1.65 | 5.29 | 3.44 | 52.44 | 7.34 | 5.67 |
| Total Liabilities | 6.04 | 6.94 | 8.32 | 11.69 | 9.15 | 58.12 | 12.55 | 10.82 |
| Fixed Assets | 1.87 | 1.86 | 2.21 | 2.22 | 2.2 | 2.17 | 2.15 | 2.13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Other Assets | 4.04 | 4.95 | 5.98 | 9.34 | 6.82 | 55.82 | 10.27 | 8.56 |
| Total Assets | 6.04 | 6.94 | 8.32 | 11.69 | 9.15 | 58.12 | 12.55 | 10.82 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -0.28 | 0.36 | 0.05 | 0.67 | -0.02 | -0.13 | 6.5 |
| Cash from Investing Activity | 0 | 0 | -0.35 | -0.03 | 0 | 0 | 0.49 | -6.5 |
| Cash from Financing Activity | 0 | 0.28 | 0 | 0.03 | -0.7 | 0.01 | -0.32 | 0 |
| Net Cash Flow | 0 | 0 | 0.01 | 0.05 | -0.03 | -0.01 | 0.04 | 0 |
| Free Cash Flow | 0 | -0.28 | 0.01 | 0.02 | 0.67 | -0.02 | -0.13 | 6.5 |
| CFO/OP | 0 | -417 | 1800 | 400 | 2267 | 40 | 93 | — |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 64.23 | 45.6 | 45.32 | 104.8 | 47.8 | 394.21 | 154.24 | 348.15 |
| Inventory Days | 1.76 | 3.19 | 2.36 | 32.76 | 25.22 | 0.43 | 1.07 | 13.17 |
| Days Payable | 7.41 | 10.43 | 13.88 | 75.7 | 34.01 | 370.71 | 103.98 | 961.42 |
| Cash Conversion Cycle | 58.58 | 38.36 | 33.8 | 61.86 | 39.01 | 23.93 | 51.33 | -600.09 |
| Working Capital Days | 63.17 | 38.6 | 38.99 | 68.51 | 43.48 | 26.43 | 48.55 | -623.31 |
| ROCE % | — | 0.89 | 0.81 | 1.07 | 0.5 | -1.23 | -2.94 | -0.39 |

## Shareholding Pattern

### annual

| Category | Mar 2025 | Sep 2025 |
| --- | --- | --- |
| Promoters | 68.03% | 68.03% |
| FIIs | 2.24% | 1.2% |
| DIIs | 0.72% | 1.35% |
| Public | 29.01% | 29.43% |
| No. of Shareholders | 1558 | 1446 |

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Promoters | 67.51% | 68.03% | 68.03% |
| FIIs | 4.26% | 2.24% | 1.2% |
| DIIs | 0.8% | 0.72% | 1.35% |
| Public | 27.43% | 29.01% | 29.43% |
| No. of Shareholders | 1737 | 1558 | 1446 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 6 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1725.99 | Sell |
| EMA (10) | 1707.44 | Sell |
| SMA (20) | 1782.77 | Sell |
| EMA (20) | 1737.19 | Sell |
| SMA (50) | 1737 | Sell |
| EMA (50) | 1730.46 | Sell |
| SMA (100) | 1698.86 | Sell |
| EMA (100) | 1666.3 | Buy |
| SMA (200) | 1493.97 | Buy |
| EMA (200) | 1527.54 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.7 | Neutral |
| MACD (12,26,9) | -23.57 | Sell |
| Stochastic (14,3,3) | 19.57 | Buy |
| ADX (14) | 24.85 | Neutral |
| Williams %R (14) | -60.87 | Neutral |
| ATR (14) | 75.14 | High Volatility |
| ROC (12) | -7.73 | Sell |
| Stoch RSI (14) | 47.68 | Neutral |
| UO (7,14,28) | 49.14 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 January 2026 - Appointed CA Vashishath Raval as Chief Financial Officer effective 09 January 2026. | [Appointment 8 January 2026 - Appointed CA Vashishath Raval as Chief Financial Officer effective 09 January 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_08012026183010_Board_Meeting_Outcome_08-01-26.pdf) |
| 8 January 2026 - Appointed CA Vashishath Raval as CFO effective 09 Jan 2026. | [Outcome of Board Meeting 8 January 2026 - Appointed CA Vashishath Raval as CFO effective 09 Jan 2026.](https://nsearchives.nseindia.com/corporate/ASHAPURA_08012026182701_Board_Meeting_Outcome_08-01-26.pdf) |
| 23 Oct 2015 - Pithampur Steels Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015. | [Shareholding Pattern for September 30, 2015 23 Oct 2015 - Pithampur Steels Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=662E6EB8_2923_4886_872A_C74ECFC33ACA_105424.pdf) |
| 23 Oct 2015 - Pithampur Steels Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015. | [Shareholding Pattern for September 30, 2015 23 Oct 2015 - Pithampur Steels Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/662E6EB8_2923_4886_872A_C74ECFC33ACA_105424.pdf) |
| 14 November 2025 - Internal auditor M/s SSBK & Co. resigned effective 14 November 2025. | [Change in Auditors 14 November 2025 - Internal auditor M/s SSBK & Co. resigned effective 14 November 2025.](https://nsearchives.nseindia.com/corporate/ASHAPURA_14112025192431_Intimation_Resignation_of_Internal_Auditor_Signed.pdf) |
| 14 November 2025 - Appointed M/s. GBP & Associates as internal auditors for FY2025-26 on Nov 14, 2025. | [Appointment 14 November 2025 - Appointed M/s. GBP & Associates as internal auditors for FY2025-26 on Nov 14, 2025.](https://nsearchives.nseindia.com/corporate/ASHAPURA_14112025193303_Intimation_Appt_of_Internal_Auditor_Signed.pdf) |
| 13 January 2026 - Certificate confirming securities dematerialisation details filed for quarter ended 31 December 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 13 January 2026 - Certificate confirming securities dematerialisation details filed for quarter ended 31 December 2025.](https://nsearchives.nseindia.com/corporate/ASHAPURA_13012026151806_Certificate.pdf) |
| — | [Financial Results for Sept 30, 2015 (Standalone) 4 Dec 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1E1689BE_57CA_446E_8AA7_BE7EAF251E1F_125429.pdf) |
| — | [Financial Results for Sept 30, 2015 (Standalone) 4 Dec 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/12/1E1689BE_57CA_446E_8AA7_BE7EAF251E1F_125429.pdf) |
| — | [Financial Results for June 30, 2015 (Standalone) 22 Sep 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09D343E0_FE83_4468_8819_EBAC8E8777A1_142048.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28595_ASHALOG_2024_2025_A_12410149_05092025171248.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25478_ASHALOG_2023_2024_02092024202244.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/513611/5136110313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/513611/5136110312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/513611/5136110311.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:47:05.770Z.