---
title: "Aditya Ultra Steel Ltd (AUSL) — Share Price, Financials & Analysis"
symbol: "AUSL"
company: "Aditya Ultra Steel Ltd"
canonical: "https://tapetide.com/stocks/AUSL"
isin: "INE01YQ01013"
nse_symbol: "AUSL"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 57.99
generated_at: "2026-09-13T18:33:50.308Z"
---

# Aditya Ultra Steel Ltd (AUSL)

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

## Company

- **NSE Symbol:** AUSL
- **ISIN:** INE01YQ01013
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-16
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aditya-ultra-steel.com

## About

Incorporated in 2011, Aditya Ultra Steel Ltd is in the business of TMT bars, Iron, and other Steel products[1]

## Latest Price

- **Price:** ₹23.35
- **Change:** 0 (0%)
- **Open:** ₹23.35
- **Day High:** ₹23.35
- **Day Low:** ₹23.35
- **Previous Close:** ₹23.35
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:13+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:46.727016Z.

- **Market Cap:** ₹57.99 Cr
- **Classification:** SME
- **P/E (reported):** 14.4
- **Book Value:** ₹37.2
- **Price to Book:** 0.63
- **Dividend Yield:** 0%
- **ROE:** 9.37%
- **ROCE:** 17.86%
- **Debt to Equity:** 0.77
- **Revenue (yearly):** ₹405.57 Cr
- **Net Income:** ₹4.61 Cr
- **EBITDA:** ₹10.9 Cr
- **52-Week High:** ₹39.9
- **52-Week Low:** ₹17.35
- **RSI (14):** 44.36

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 33.42 | 9% |
| growth | 6.31 | 9% |
| momentum | 65.47 | 12% |
| ownership | 50 | 24% |
| quality | 48.42 | 22% |
| valuation | 48.67 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.56 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.18% over past five years.
- Company has a low return on equity of 9.42% over last 3 years.
- Earnings include an other income of Rs.4.33 Cr.
- Debtor days have increased from 27.5 to 46.4 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -907.89% | -623.54% | -297.62% |
| ebitda margin growth | -23.56% | -16.35% | 18.75% |
| net income growth | -50.43% | 13% | -3% |
| revenue growth | -30.75% | -9% | 3% |
| roce | -40.41% | 0.62% | 22.15% |
| roe | -41.95% | 10.84% | -36.82% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 312 | 273 | 184 | 221 |
| Expenses | 302 | 263 | 183 | 211 |
| Operating Profit | 10 | 10 | 1 | 10 |
| OPM % | 3.3 | 3.5 | 0.6 | 4.5 |
| Other Income | 0 | 0 | 4 | 0 |
| Interest | 4 | 4 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 5 | 1 | 5 |
| Tax % | 10 | 22 | 0 | 25 |
| Net Profit | 5 | 4 | 1 | 3 |
| EPS in Rs | 2.09 | 1.66 | 0.25 | 1.38 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 331 | 347 | 515 | 530 | 588 | 585 | 406 |
| Expenses | 324 | 336 | 504 | 520 | 570 | 565 | 395 |
| Operating Profit | 6 | 11 | 11 | 10 | 18 | 20 | 11 |
| OPM % | 1.9 | 3.2 | 2.1 | 1.9 | 3 | 3.4 | 2.7 |
| Other Income | 1 | 0 | 1 | 0 | 1 | 0 | 4 |
| Interest | 3 | 3 | 3 | 5 | 6 | 8 | 8 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 3 | 7 | 7 | 4 | 11 | 11 | 5 |
| Tax % | 17 | 31 | 32 | 27 | 28 | 16 | 22 |
| Net Profit | 3 | 5 | 5 | 3 | 8 | 9 | 4 |
| EPS in Rs | 2.07 | 3.75 | 4.01 | 2.28 | 4.46 | 3.76 | 1.62 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 12 | 12 | 17 | 25 | 25 |
| Reserves | 14 | 19 | 25 | 27 | 30 | 75 | 78 |
| Borrowings | 43 | 36 | 47 | 50 | 54 | 76 | 79 |
| Other Liabilities | 8 | 10 | 8 | 8 | 46 | 21 | 10 |
| Total Liabilities | 78 | 77 | 92 | 97 | 148 | 197 | 193 |
| Fixed Assets | 32 | 32 | 31 | 31 | 33 | 32 | 47 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 45 | 45 | 60 | 66 | 115 | 163 | 146 |
| Total Assets | 78 | 77 | 92 | 97 | 148 | 197 | 193 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 22 | -6 | 8 | 5 | -44 | 4 |
| Cash from Investing Activity | -3 | -1 | 0 | -1 | -2 | -9 | -5 |
| Cash from Financing Activity | 5 | -12 | -3 | -7 | 0 | 57 | -5 |
| Net Cash Flow | 0 | 10 | -10 | 0 | 3 | 4 | -6 |
| Free Cash Flow | -6 | 21 | -7 | 7 | 3 | -47 | -11 |
| CFO/OP | -19 | 201 | -41 | 95 | 45 | -206 | 42 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5 | 4 | 5 | 7 | 29 | 7 | 46 |
| Inventory Days | 47 | 35 | 33 | 40 | 39 | 53 | 86 |
| Days Payable | 6 | 5 | 2 | 2 | 19 | 10 | 5 |
| Cash Conversion Cycle | 46 | 34 | 36 | 46 | 50 | 49 | 127 |
| Working Capital Days | 14 | -1 | 11 | 11 | 13 | 34 | 54 |
| ROCE % | — | 14 | 13 | 10 | 17 | 13 | 7 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 97.94% | 68.76% | 68.76% | 68.76% | 68.76% |
| FIIs | 0% | 2.3% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 16.05% | 16.36% | 16.6% | 15.92% |
| Others | 2.06% | 12.89% | 14.88% | 14.64% | 15.32% |
| No. of Shareholders | 8 | 1618 | 1138 | 1174 | 1128 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.52 | Sell |
| EMA (10) | 24.54 | Sell |
| SMA (20) | 24.91 | Sell |
| EMA (20) | 24.73 | Sell |
| SMA (50) | 24.12 | Sell |
| EMA (50) | 24.42 | Sell |
| SMA (100) | 23.99 | Sell |
| EMA (100) | 24.61 | Sell |
| SMA (200) | 26.6 | Sell |
| EMA (200) | 26.79 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.42 | Neutral |
| MACD (12,26,9) | -0.11 | Sell |
| Stochastic (14,3,3) | 25.4 | Neutral |
| ADX (14) | 9.04 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 1.07 | High Volatility |
| ROC (12) | -5.27 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 47.91 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - RoC Ahmedabad ordered Rs 3 lakh penalty for board report non-disclosures; company will appeal. | [Action(s) initiated or orders passed 8 Sep - RoC Ahmedabad ordered Rs 3 lakh penalty for board report non-disclosures; company will appeal.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_08092026130823_Intimation_of_ROC_Order.pdf) |
| 8 Sep - Newspaper publication for 15th AGM on 30.09.2026, book closure and remote e-voting details. | [Copy of Newspaper Publication 8 Sep - Newspaper publication for 15th AGM on 30.09.2026, book closure and remote e-voting details.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_08092026130220_Intimation_of_NP_Ad_AUSL2026.pdf) |
| 7 Sep - Aditya Ultra Steel announces 15th AGM on 30 September 2026, with financial statement adoption and director reappointment. | [Shareholders meeting 7 Sep - Aditya Ultra Steel announces 15th AGM on 30 September 2026, with financial statement adoption and director reappointment.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_07092026234237_IntimationofnoticeAUSL2026.pdf) |
| 7 Sep - 15th AGM on 30 Sep 2026 via VC/OAVM; annual report web link shared, voting dates announced. | [Updates 7 Sep - 15th AGM on 30 Sep 2026 via VC/OAVM; annual report web link shared, voting dates announced.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_07092026235534_Intimation_of_weblink_letter.pdf) |
| 4 December 2025 - Appealed NCLT Ahmedabad order; NCLAT stayed the order on 03/12/2025. | [General Updates 4 December 2025 - Appealed NCLT Ahmedabad order; NCLAT stayed the order on 03/12/2025.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_04122025175119_1IntimationofStayonNCLTorder.pdf) |
| 30 May - Annual SDD compliance certificate for FY ended March 31, 2026; no non-compliance observed. | [Structural Digital Database 30 May - Annual SDD compliance certificate for FY ended March 31, 2026; no non-compliance observed.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_30052026191002_AUSLCC31032026.pdf) |
| 28 May - Board approved audited standalone results for H2/FY26 on 28 May 2026; audit opinion unmodified. | [Outcome of Board Meeting 28 May - Board approved audited standalone results for H2/FY26 on 28 May 2026; audit opinion unmodified.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_28052026172853_Outcome_Letter_merged.pdf) |
| 28 March 2026 - Trading window closed Apr 01, 2026 until 48 hours after board meeting for audited results. | [Trading Window 28 March 2026 - Trading window closed Apr 01, 2026 until 48 hours after board meeting for audited results.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_28032026135415_Closureoftradingwindow28thMarch2026AUSL.pdf) |
| 27 Jun - Board approved merger of Aditya Ultra Steel into VMS TMT; 75 shares for 100 AUSL shares. | [Outcome of Board Meeting 27 Jun - Board approved merger of Aditya Ultra Steel into VMS TMT; 75 shares for 100 AUSL shares.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_27062026163824_Aditya_Outcome_of_BOD_Meeting_26-06-2026.pdf) |
| 24 March 2026 - Promoter's holding rose from 24.76% to 27.51% via inter-se transfer on 24 Mar 2026. | [Updates 24 March 2026 - Promoter's holding rose from 24.76% to 27.51% via inter-se transfer on 24 Mar 2026.](https://nsearchives.nseindia.com/corporate/ADITYAULTRA_24032026171953_AUSL_7_2_DFINAL.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31830_AUSL_2025_2026_A_1975463_07092026234705.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27827_AUSL_2024_2025_A_2368163_28082025181629.pdf) |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_730_THANGAMAYL_2012_2013_26072013165643.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de2d2434-e270-4e8d-b0b2-24b3dcdac650.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d2b399a-f338-460d-ab2a-6a3780f43040.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6efed1bc-fcf7-4ced-b143-10bd4d0f570b.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533158/73561533158.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533158/69314533158.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533158/65349533158.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533158/5331580319.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 2026-09-13T18:33:50.308Z.