Ashirwad Steels & Industries
Ashirwad Steels & Industries
Industrial ProductsKey Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.36 times its book value
Weaknesses
3- 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.
Growth Rate
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.15 | 0.23 | 0.34 | 0.86 | 0.35 | 0.28 | 0.34 | 0.83 | 0.4 | 0.48 | 0.54 | 0.81 | 0.54 |
| Expenses | 0.33 | 0.23 | 0.22 | 0.28 | 0.23 | 0.23 | 0.23 | 0.4 | 0.32 | 0.28 | 0.38 | 0.53 | 0.36 |
| Operating Profit | -0.18 | 0 | 0.12 | 0.58 | 0.12 | 0.05 | 0.11 | 0.43 | 0.08 | 0.2 | 0.16 | 0.28 | 0.18 |
| OPM % | -120% | 0% | 35.29% | 67.44% | 34.29% | 17.86% | 32.35% | 51.81% | 20% | 41.67% | 29.63% | 34.57% | 33.33% |
| Other Income | 0.64 | 0.7 | 0.69 | 0.78 | 0.7 | 0.67 | 0.59 | 0.54 | 0.65 | 0.66 | 0.41 | 0.37 | 0.59 |
| Interest | 0.01 | 0 | 0.05 | 0.01 | 0.02 | 0 | 0 | 0.01 | 0 | 0.02 | 0.02 | 0.01 | 0 |
| 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 |
| PBT | 0.43 | 0.68 | 0.74 | 1.33 | 0.78 | 0.7 | 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% | 23.4% | 29.58% | 25.61% | 15.09% | 24.19% | 32% |
| Net Profit | 0.3 | 0.5 | 0.57 | 0.9 | 0.6 | 0.51 | 0.47 | 0.72 | 0.5 | 0.62 | 0.44 | 0.46 | 0.51 |
| EPS in Rs | 0.24 | 0.4 | 0.46 | 0.72 | 0.48 | 0.41 | 0.38 | 0.58 | 0.4 | 0.5 | 0.35 | 0.37 | 0.41 |
Profit & Loss
| 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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.15 | 0.86 | 1.85 | 22.26 | 2.77 | 8.18 | 1.58 | 4.05 | 4.44 | 4.4 | 4.3 | 4.12 | 2.37 |
| Expenses | 7.42 | 2.91 | 2.28 | 22.9 | 7.4 | 10.26 | 3.44 | 4.1 | 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% | 34.6% |
| Other Income | 2.99 | 2.83 | 1.91 | 1.77 | 14.73 | -0.99 | 1.93 | 5.38 | 15.88 | 0 | 0 | 0.05 | 2.03 |
| Interest | 0.29 | 0.12 | 0.03 | 0.12 | 0.03 | 0.1 | 0.06 | 0.2 | 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 |
| PBT | -0.24 | 0.03 | 0.82 | 0.39 | 9.61 | -3.53 | -0.35 | 4.78 | 18.66 | 3.18 | 3.1 | 2.68 | 2.72 |
| Tax % | -50% | -533.33% | 7.32% | -33.33% | 21.75% | 4.25% | -8.57% | 3.14% | 10.13% | 29.25% | 25.81% | 24.63% | — |
| Net Profit | -0.13 | 0.18 | 0.76 | 0.52 | 7.52 | -3.67 | -0.31 | 4.62 | 16.77 | 2.26 | 2.3 | 2.02 | 2.03 |
| EPS in Rs | -0.1 | 0.14 | 0.61 | 0.42 | 6.02 | -2.94 | -0.25 | 3.7 | 13.42 | 1.81 | 1.84 | 1.62 | 1.63 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 |
| 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 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 1.99 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 2.58 | 2.23 | 1.55 | 2.92 | 1.02 | 1.02 | 0.75 | 0.02 | 0 | 0.09 | 0.01 | 0 |
| Total Liabilities | 53.17 | 52.94 | 53.76 | 55.6 | 61.65 | 58.77 | 57.2 | 61.38 | 78.38 | 80.94 | 83.13 | 85.13 |
| Fixed Assets | 9.18 | 8.77 | 8.24 | 7.4 | 4.88 | 4.99 | 4.65 | 0.61 | 0.42 | 0.35 | 0.4 | 0.34 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0.94 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4.46 | 3.02 | 7.81 | 8.87 | 11.91 | 10.21 | 8.98 | 5.21 | 17.37 | 31.81 | 36.2 | 41.86 |
| Other Assets | 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 | 55.6 | 61.65 | 58.77 | 57.2 | 61.38 | 78.38 | 80.94 | 83.13 | 85.13 |
Cash Flow
| 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 | 3.95 | -0.67 | -1.46 | -3.19 | -8.72 | 3.66 | -1.02 | 9.15 | 16.49 | 9.2 | -4.39 | -4.36 |
| Investing | 0.84 | 5.32 | 2.01 | -1.06 | 17.15 | -16.87 | 3.49 | 11.15 | -9.27 | -47.77 | 2.39 | 5.13 |
| Financing | -4.27 | 2.89 | -0.02 | -0.11 | -0.03 | 1.9 | -2.05 | -0.01 | -0.02 | -0.06 | -0.03 | -0.05 |
| Net Cash Flow | 0.53 | 7.54 | 0.53 | -4.37 | 8.4 | -11.31 | 0.42 | 20.29 | 7.2 | -38.63 | -2.03 | 0.71 |
| Free Cash Flow | 4.1 | 3.2 | -1.56 | -2.97 | 7.12 | 3.19 | -1.97 | 12.83 | 16.96 | 9.2 | -4.52 | -4.38 |
| CFO/OP | -167 | 46 | 321 | 491 | 131 | -181 | 55 | -18,620 | 636 | 304 | -112 | -134 |
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 | 3.54 | 0 | 0 | 30.33 | 65.88 | 39.71 | 48.51 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 326 | 1,360 | — | 100 | 1,734 | 172 | 2,190 | — | — | — | — | — |
| Days Payable | 0 | 0 | — | 0 | 0 | 6.67 | 0 | — | — | — | — | — |
| Cash Conversion Cycle | 330 | 1,360 | 0 | 130 | 1,800 | 205 | 2,239 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 1,533 | 7,754 | 1,910 | 178 | 2,438 | 1,015 | 5,925 | 1,864 | 1,542 | 793 | 1,182 | 1,626 |
| ROCE % | 0.22% | 0.97% | 2.08% | 0.82% | -5.3% | 0.93% | 1.68% | -0.56% | 4.02% | 4.08% | 3.82% | 3.25% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Company Information
Incorporated in 1986, Ashirwad Steels & Industries Ltd is in the business of lending of funds and investments in shares and securities[1]
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