---
title: "Abha Power and Steel Ltd (ABHAPOWER) — Share Price, Financials & Analysis"
symbol: "ABHAPOWER"
company: "Abha Power and Steel Ltd"
canonical: "https://tapetide.com/stocks/ABHAPOWER"
isin: "INE0UYG01015"
nse_symbol: "ABHAPOWER"
sector: "Industrial Products"
industry: "Castings & Forgings"
market_cap_cr: 44.61
generated_at: "2026-09-13T18:57:46.953Z"
---

# Abha Power and Steel Ltd (ABHAPOWER)

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

## Company

- **NSE Symbol:** ABHAPOWER
- **ISIN:** INE0UYG01015
- **Sector:** Industrial Products
- **Industry:** Castings & Forgings
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-12-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** abhacast.com

## About

Founded in 2004, Abha Power and Steel Limited is engaged in the business of casting and manufacturing iron and steel products.[1]

## Latest Price

- **Price:** ₹23.95
- **Change:** -0.05 (-0.21%)
- **Open:** ₹23.95
- **Day High:** ₹24
- **Day Low:** ₹23.85
- **Previous Close:** ₹24
- **Volume:** 9600
- **As Of:** 2026-09-11T09:38:30+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:23.472723Z.

- **Market Cap:** ₹44.61 Cr
- **Classification:** SME
- **P/E (reported):** 18.2
- **Book Value:** ₹28.67
- **Price to Book:** 0.84
- **Dividend Yield:** 0%
- **ROE:** 12.25%
- **ROCE:** 16.46%
- **Debt to Equity:** 0.37
- **Revenue (yearly):** ₹62.22 Cr
- **Net Income:** ₹2.84 Cr
- **EBITDA:** ₹5.36 Cr
- **52-Week High:** ₹46.1
- **52-Week Low:** ₹23
- **RSI (14):** 42.68

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 39.15 | 9% |
| growth | 20.6 | 9% |
| momentum | 31.58 | 12% |
| ownership | 52.58 | 24% |
| quality | 55.23 | 22% |
| valuation | 43.1 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.84 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.2% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -18.61% | -67.59% | — |
| ebitda margin growth | -47.23% | -46.47% | 121.09% |
| net income growth | -54.19% | 21% | -505.71% |
| revenue growth | -12.12% | 4% | 2.5% |
| roce | -26.81% | 58.12% | 14.01% |
| roe | -43.21% | 14.67% | 20.22% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 30.64 | 34.4 | 35.78 | 34.57 | 27.65 |
| Expenses | 26.04 | 29.06 | 30.37 | 31 | 25.87 |
| Operating Profit | 4.6 | 5.34 | 5.41 | 3.57 | 1.78 |
| OPM % | 15.01 | 15.52 | 15.12 | 10.33 | 6.44 |
| Other Income | 0.05 | 0.34 | 0.31 | 0.66 | 0.24 |
| Interest | 1.04 | 1.01 | 0.86 | 0.94 | 0.76 |
| Depreciation | 0.51 | 0.52 | 0.51 | 0.5 | 0.68 |
| Profit before tax | 3.1 | 4.15 | 4.35 | 2.79 | 0.58 |
| Tax % | 24.19 | 26.51 | 27.13 | 26.88 | 27.59 |
| Net Profit | 2.35 | 3.06 | 3.17 | 2.03 | 0.43 |
| EPS in Rs | 1.63 | 2.12 | 1.71 | 1.09 | 0.23 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 54.52 | 54.7 | 51.75 | 70.18 | 62.22 |
| Expenses | 52.88 | 51.36 | 43.61 | 59.44 | 56.86 |
| Operating Profit | 1.64 | 3.34 | 8.14 | 10.74 | 5.36 |
| OPM % | 3.01 | 6.11 | 15.73 | 15.3 | 8.61 |
| Other Income | 0.47 | 0.42 | 0.08 | 0.65 | 0.89 |
| Interest | 1.14 | 1.13 | 2.13 | 1.87 | 1.7 |
| Depreciation | 0.66 | 0.66 | 1.02 | 1.03 | 1.17 |
| Profit before tax | 0.31 | 1.97 | 5.07 | 8.49 | 3.38 |
| Tax % | 329.03 | 28.43 | 25.44 | 26.74 | 26.92 |
| Net Profit | -0.72 | 1.4 | 3.78 | 6.23 | 2.46 |
| EPS in Rs | -16.3 | 29.07 | 2.62 | 3.35 | 1.32 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.42 | 4.82 | 14.45 | 18.59 | 18.59 |
| Reserves | 6.78 | 8.94 | 3.09 | 32.25 | 34.71 |
| Borrowings | 17.66 | 23.93 | 23.73 | 21.16 | 19.63 |
| Other Liabilities | 6.51 | 7.08 | 6.09 | 7.18 | 12.63 |
| Total Liabilities | 35.37 | 44.77 | 47.36 | 79.18 | 85.56 |
| Fixed Assets | 6.13 | 5.76 | 18.81 | 18.22 | 22.34 |
| CWIP | 0.17 | 13.15 | 0 | 7.12 | 22.65 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 29.07 | 25.86 | 28.55 | 53.84 | 40.57 |
| Total Assets | 35.37 | 44.77 | 47.36 | 79.18 | 85.56 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -6.76 | 7.96 | 3.17 | 2.58 | 8.22 |
| Cash from Investing Activity | -1.26 | -13.56 | -0.84 | -10.09 | -20.34 |
| Cash from Financing Activity | 8.13 | 5.52 | -2.22 | 22.62 | -3.22 |
| Net Cash Flow | 0.11 | -0.08 | 0.11 | 15.11 | -15.34 |
| Free Cash Flow | -7.52 | -5.31 | 2.25 | -4.97 | -12.6 |
| CFO/OP | -402 | 258 | 49 | 31 | 173 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 64.27 | 63.86 | 59.74 | 53 | 62.77 |
| Inventory Days | 82.31 | 149.24 | 234.61 | 218.53 | 244.21 |
| Days Payable | 32.69 | 39.49 | 25.89 | 16.2 | 53.81 |
| Cash Conversion Cycle | 113.9 | 173.61 | 268.46 | 255.33 | 253.17 |
| Working Capital Days | 89.98 | 57.32 | 81.04 | 110.1 | 99.14 |
| ROCE % | — | 9.32 | 18.24 | 18.29 | 7.01 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 72.35% | 72.35% | 72.52% | 72.52% |
| FIIs | 0% | 0% | 0% | 0.15% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 23.22% | 23.27% | 21.47% | 22.48% |
| Others | 4.43% | 4.38% | 6.01% | 4.84% |
| No. of Shareholders | 2879 | 2093 | 1884 | 1764 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.13 | Sell |
| EMA (10) | 24.17 | Sell |
| SMA (20) | 24.37 | Sell |
| EMA (20) | 24.42 | Sell |
| SMA (50) | 25.41 | Sell |
| EMA (50) | 25.55 | Sell |
| SMA (100) | 27.55 | Sell |
| EMA (100) | 27.28 | Sell |
| SMA (200) | 30.38 | Sell |
| EMA (200) | 29.55 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.25 | Neutral |
| MACD (12,26,9) | -0.42 | Buy |
| Stochastic (14,3,3) | 48.94 | Neutral |
| ADX (14) | 20.94 | Neutral |
| Williams %R (14) | -59.57 | Neutral |
| ATR (14) | 0.73 | High Volatility |
| ROC (12) | -0.21 | Sell |
| Stoch RSI (14) | 54.76 | Neutral |
| UO (7,14,28) | 41.91 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 June 2026 - Company uploaded recording of post-earnings conference call for half-year ended March 31, 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 June 2026 - Company uploaded recording of post-earnings conference call for half-year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/ABHA_09062026101313_ABHA.pdf) |
| 8 Sep - Published notice for 22nd AGM and e-voting details in Financial Express and Dainik Bhaskar. | [Copy of Newspaper Publication 8 Sep - Published notice for 22nd AGM and e-voting details in Financial Express and Dainik Bhaskar.](https://nsearchives.nseindia.com/corporate/ABHA_08092026170632_NEWSPAPER_ADVERTISEMENT_INTIMATION_DSC.pdf) |
| 8 June 2026 - Investor presentation shared for H2 FY26 results; FY26 revenue ₹62.2 Cr and PAT ₹2.46 Cr. | [Investor Presentation 8 June 2026 - Investor presentation shared for H2 FY26 results; FY26 revenue ₹62.2 Cr and PAT ₹2.46 Cr.](https://nsearchives.nseindia.com/corporate/ABHA_08062026134931_ABHA_INVESTOR_PRESENTATION_SIGNED.pdf) |
| 8 Aug - Secured ₹1.90 crore order from railway OEM; order book at ₹19 crore, execution by 31 August 2026. | [Bagging/Receiving of orders/contracts 8 Aug - Secured ₹1.90 crore order from railway OEM; order book at ₹19 crore, execution by 31 August 2026.](https://nsearchives.nseindia.com/corporate/ABHA_08082026174143_ABHA_POWER_PRESS_RELEASE.pdf) |
| 7 Sep - Abha Power and Steel secured ₹2.74 crore railway OEM order; order book rises to ₹24 crore. | [Bagging/Receiving of orders/contracts 7 Sep - Abha Power and Steel secured ₹2.74 crore railway OEM order; order book rises to ₹24 crore.](https://nsearchives.nseindia.com/corporate/ABHA_07092026145130_ABHA_POWER_PRESS_RELEASE_SIGNED.pdf) |
| 7 March 2026 - Secured ₹2.8971 crore railway OEM casting orders; order book ~₹22 crore on March 7, 2026. | [Press Release 7 March 2026 - Secured ₹2.8971 crore railway OEM casting orders; order book ~₹22 crore on March 7, 2026.](https://nsearchives.nseindia.com/corporate/ABHA_07032026180320_ABHA_POWER_PRESS_RELEASE.pdf) |
| 7 Feb - In compliance with Regulation 47 of SEBI (LODR) Regulations, 2015, we are enclosing the Financial Results for Third Quarter and Nine Months ended 31st December … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb - In compliance with Regulation 47 of SEBI (LODR) Regulations, 2015, we are enclosing the Financial Results for Third Quarter and Nine Months ended 31st December …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4632f87-3d4c-4930-bcae-dfe6f29c63f2.pdf) |
| 6 Sep - Abha Power and Steel Limited has informed about Resignation of Statutory Auditor | [Resignation of Statutory Auditor 6 Sep - Abha Power and Steel Limited has informed about Resignation of Statutory Auditor](https://nsearchives.nseindia.com/corporate/ABHAPOWER_ROSA_98020_KMP_Doc.zip) |
| 6 Sep - Abha Power and Steel Limited has informed about Resignation of Statutory Auditor | [Resignation of Statutory Auditor 6 Sep - Abha Power and Steel Limited has informed about Resignation of Statutory Auditor](https://nsearchives.nseindia.com/corporate/ABHAPOWER_ROSA_98018_KMP_Doc.zip) |
| 6 June 2026 - Abha Power secured ₹2.22 crore railway OEM orders; order book stands at about ₹20.50 crore as of June 6, 2026. | [Press Release 6 June 2026 - Abha Power secured ₹2.22 crore railway OEM orders; order book stands at about ₹20.50 crore as of June 6, 2026.](https://nsearchives.nseindia.com/corporate/ABHA_06062026175732_ABHA_POWER_PRESS_RELEASE_SIGNED.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31628_ABHAPOWER_2025_2026_A_19656856_05092026220254.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28852_ABHAPOWER_2024_2025_A_4166794_06092025213233.pdf) |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3223_SKFINDIA_2013_2013_27032014130002.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ecd50c2-a585-400f-82a3-e93f9f67f010.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/129a5235-e25c-48a9-a345-f339b16b8513.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/757ce880-4017-4db9-971e-441e08a3f404.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500472/73478500472_22_07_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500472/68680500472.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500472/5004720320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500472/5004720319.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78b3fd3b-6609-4f9b-ac56-5ec9fc26a320.pdf) |
| Mar 2023 | [Concall - Mar 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe665644-6487-4228-a960-8de3cdd1d71a.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2c88628-e8dd-4b9e-b97f-cca34ab464e7.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d94636c-b87c-4f11-91b6-556b4efcce20.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/458af4e6-8be5-4ce2-b4f1-119e53cd4c5a.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9dd3070-f0be-4441-b8b3-290f7ea5eae3.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6801dc1e-769f-42ac-9ea4-5ada85787e74.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db33ea8a-651f-4779-9160-df15f3389e75.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff306131-554b-46ad-81d4-ad2dc73cd5e6.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/802e8a3b-6fa1-470a-9190-6b5b7d425c97.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 2026-09-13T18:57:46.953Z.