Nova Iron & Steel
NOVAIRONSTEELLTD NSE
Nova Iron & Steel
Industrial ProductsNSE: NOVAIRONSTEELLTD BSE: 513566 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹66.69 Cr
Volatility
High Risk
P/E Ratio
-3.5
EBITDA
₹10.10 Cr
Return on Equity
7.73%
Debt to Equity
7.82
Book Value
₹-7.49
EPS
₹0
52W High
₹16.68
52W Low
₹10.54
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.24% over past five years.
- Contingent liabilities of Rs.27.2 Cr.
- Earnings include an other income of Rs.16.6 Cr.
- Promoter holding has decreased over last 3 years: -25.6%
Growth Rate
Revenue Growth
-60.3% lower than
3Y
Net Income Growth
-11.54% higher than
3Y
Cash Flow Change
-109% higher than
3Y
ROE
-20.47% lower than
3Y
ROCE
-7.69% lower than
3Y
EBITDA Margin (Avg.)
141% lower than
3Y
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 | 182 | 122 | 113 | 146 | 125 | 99.38 | 97.73 | 94.71 | 113 | 108 | 110 | 136 | 67.49 |
| Expenses | 177 | 123 | 107 | 154 | 111 | 101 | 95.11 | 101 | 105 | 109 | 111 | 130 | 69.42 |
| Operating Profit | 5.05 | -1.12 | 5.86 | -7.29 | 13.83 | -1.35 | 2.62 | -5.86 | 7.68 | -1.14 | -1.25 | 5.91 | -1.93 |
| OPM % | 2.77% | -0.92% | 5.18% | -4.98% | 11.06% | -1.36% | 2.68% | -6.19% | 6.8% | -1.06% | -1.14% | 4.35% | -2.86% |
| Other Income | 2.01 | 0.96 | 4.17 | -67.43 | -1.01 | 1.08 | 0.49 | 160 | 0.15 | 9.21 | 0.44 | 3.71 | 3.26 |
| Interest | 2.71 | 3.47 | 3.39 | 14.96 | 3.56 | 3.73 | 2.95 | 0.81 | 1.5 | 3.48 | 4.72 | 2.57 | 0.18 |
| Depreciation | 11.01 | 11.29 | 11.42 | 11.42 | 4.77 | 4.85 | 4.89 | 4.96 | 4.12 | 5.64 | 6.24 | 6.35 | 0.29 |
| PBT | -6.66 | -14.92 | -4.78 | -101 | 4.49 | -8.85 | -4.73 | 149 | 2.21 | -1.05 | -11.77 | 0.7 | 0.86 |
| Tax % | 0% | -4.02% | 0% | -32.69% | 0% | 0% | 0% | -6.08% | 0% | 0% | 0% | 864.29% | 0% |
| Net Profit | -6.66 | -14.32 | -4.78 | -68.05 | 4.49 | -8.85 | -4.72 | 158 | 2.21 | -1.06 | -11.77 | -5.35 | 0.86 |
| EPS in Rs | -1.84 | -3.96 | -1.32 | -18.83 | 1.24 | -2.45 | -1.31 | 43.69 | 0.61 | -0.29 | -3.26 | -1.48 | 0.24 |
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 | 9 | 16 | 53 | 20 | 4 | 52 | 345 | 605 | 698 | 564 | 417 | 467 | 421 |
| Expenses | 10 | 15 | 43 | 11 | 7 | 89 | 337 | 590 | 672 | 561 | 407 | 455 | 420 |
| Operating Profit | 0 | 1 | 10 | 8 | -3 | -37 | 8 | 16 | 26 | 3 | 10 | 11 | 2 |
| OPM % | -5% | 7% | 19% | 43% | -86% | -71% | 2.3% | 2.6% | 3.7% | 0.5% | 2.4% | 2.4% | 0.4% |
| Other Income | 6 | 2 | 0 | 2 | 5 | 3 | 7 | 8 | 5 | -60 | 160 | 13 | 17 |
| Interest | 6 | 6 | 7 | 7 | 0 | 0 | 1 | 25 | 17 | 25 | 11 | 12 | 11 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 7 | 9 | 10 | 10 | 45 | 19 | 22 | 19 |
| PBT | -2 | -4 | 3 | 2 | 1 | -41 | 5 | -11 | 3 | -127 | 140 | -10 | -11 |
| Tax % | -5% | 6% | 4% | 0% | 7% | 24% | 330% | 38% | 152% | -26% | -6% | 61% | — |
| Net Profit | -2 | -4 | 3 | 2 | 1 | -52 | -12 | -15 | -2 | -94 | 149 | -16 | -17 |
| EPS in Rs | -0.55 | -1.23 | 0.71 | 0.63 | 0.17 | -14.26 | -3.3 | -4.09 | -0.5 | -25.95 | 41.17 | -4.42 | -4.79 |
| 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 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | -8 | -12 | -10 | -7 | -6 | -58 | -69 | -87 | -89 | -192 | -47 | -63 |
| Borrowings | 172 | 193 | 198 | 239 | 338 | 329 | 311 | 333 | 332 | 398 | 248 | 265 |
| Other Liabilities | 72 | 98 | 96 | 91 | 99 | 112 | 210 | 254 | 220 | 53 | 69 | 48 |
| Total Liabilities | 272 | 315 | 320 | 359 | 467 | 419 | 488 | 536 | 499 | 295 | 306 | 286 |
| Fixed Assets | 62 | 64 | 63 | 62 | 61 | 380 | 372 | 361 | 361 | 176 | 143 | 127 |
| CWIP | 180 | 206 | 237 | 262 | 315 | 0 | 0 | 0 | 0 | 26 | 74 | 91 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 |
| Other Assets | 31 | 44 | 20 | 34 | 89 | 38 | 113 | 172 | 135 | 92 | 86 | 64 |
| Total Assets | 272 | 315 | 320 | 359 | 467 | 419 | 488 | 536 | 499 | 295 | 306 | 286 |
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 | 1 | 13 | 33 | -3 | -48 | 9 | 18 | 3 | 18 | -10 | 36 | -9 |
| Investing | -88 | -28 | -31 | -32 | -50 | -4 | 0 | 1 | -1 | -31 | -36 | -3 |
| Financing | 88 | 15 | -2 | 35 | 99 | -6 | -17 | -4 | -17 | 44 | -1 | 11 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 | -2 | 0 |
| Free Cash Flow | -88 | -15 | 2 | -28 | -102 | -2 | 18 | 3 | 9 | -47 | 0 | -12 |
| CFO/OP | -117 | 1,235 | 320 | -35 | 1,433 | -25 | 238 | 23 | 71 | -326 | 339 | -81 |
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 | 0 | 0 | 2 | 157 | 286 | 19 | 4 | 0 | 0 | 13 | 10 | 8 |
| Inventory Days | 1,280 | 878 | 59 | 579 | — | 45 | 86 | 85 | 50 | 17 | 27 | 13 |
| Days Payable | 1,815 | 417 | 53 | 642 | — | 552 | 161 | 88 | 57 | 27 | 61 | 40 |
| Cash Conversion Cycle | -534 | 461 | 7 | 94 | 286 | -487 | -72 | -2 | -6 | 3 | -23 | -19 |
| Working Capital Days | -8,477 | -5,727 | -1,856 | -5,611 | -32,993 | -2,726 | -399 | -49 | -41 | -35 | -87 | -86 |
| ROCE % | -1% | 0% | 4% | 4% | -1% | -12% | 2% | 5% | 7% | -14% | -3% | -4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nova Iron & Steel insights
55 extracted metrics + investor summaries across FY14–FY26.
Documents
1
Publication Of Extract Of Audited Financial Results For The Quarter And Year Ending 31/03/2026
11 Sep - Audited results extract for quarter and year ended 31 March 2026 published in newspapers. 11 Sep - Audited results extract for quarter and year ended 31 March 2026 published in newspapers.
2
Un-Audited Financial Results For The Quarter Ended 30/06/2026
11 Sep - Q1 FY27 results approved; manufacturing stopped, trading began, and going-concern uncertainty remains amid provisional attachments. 11 Sep - Q1 FY27 results approved; manufacturing stopped, trading began, and going-concern uncertainty remains amid provisional attachments.
3
Board Meeting Outcome for Outcome Of The Board Meeting Held On 11Th September, 2026
11 Sep - Board approved Q1 FY2026 unaudited results; auditor qualified interest, noted going-concern risk and asset attachments. 11 Sep - Board approved Q1 FY2026 unaudited results; auditor qualified interest, noted going-concern risk and asset attachments.
4
Intimation Of Submission Of Application For Reclassification Of Promoters From "Promoter Category" To "Public Category" Shareholders Of The Company In Compliance With Regulation 31A(8)(C) Of The SEBI (LODR) Regulations, 2015
15 Apr - Nova Iron submitted BSE application to reclassify three promoters holding 9.09% as public shareholders. 15 Apr - Nova Iron submitted BSE application to reclassify three promoters holding 9.09% as public shareholders.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Filed Regulation 74(5) certificate for quarter ended 31 March 2026. 13 Apr - Filed Regulation 74(5) certificate for quarter ended 31 March 2026.
5
Material Events - Dismissal Of Application Filed Against The Company Under Section 7 Of The IBC 2016 12 Aug 2026
General_Announcements
Frequently Asked Questions about Nova Iron & Steel
What does Nova Iron & Steel Ltd do?
Incorporated in 1989, Nova Iron & Steels Ltd is engaged in the manufacturing of steel products.[1]
Where is Nova Iron & Steel Ltd (513566) listed?
Nova Iron & Steel Ltd trades as NOVAIRONSTEELLTD on the NSE and under code 513566 on the BSE.
Which sector does Nova Iron & Steel Ltd belong to?
Nova Iron & Steel Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd has a market capitalisation of ₹66.69 Cr, which places it in the Small Cap band.
What is the PE ratio of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd trades at a PE ratio of -3.50, on earnings per share of ₹0, against a book value of ₹-7.49 per share.
What is the 52-week high and low of Nova Iron & Steel Ltd?
Over the last 52 weeks Nova Iron & Steel Ltd has traded between ₹10.54 and ₹16.68.
What is the Return on Equity (ROE) of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd reported a return on equity of 7.73%. Its debt-to-equity ratio is 7.82.
Company Information
Incorporated in 1989, Nova Iron & Steels Ltd is engaged in the manufacturing of steel products.[1]
Website novaironsteel.com
Face Value ₹ 10
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