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Ashirwad Steels

  • Market Cap: Micro Cap
  • Industry: Steel/Sponge Iron/Pig Iron
  • ISIN: INE338C01012
  • NSEID:
  • BSEID: 526847
INR
33.10
-1.17 (-3.41%)
BSENSE

Apr 11, 12:48 PM

BSE+NSE Vol: 110

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

33.1035.30

52 Week

28.3167.65
Valuation
Technical
Day's Volume

CASH

110 (-94.19%) Volume

Shareholding (Sep 2024)

FII

0.00%

Held by 0 FIIs

DII

0.07%

Held by 0 DIIs

Promoter

69.06%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Weak Long Term Fundamental Strength with a -3.96% CAGR growth in Net Sales over the last 5 years

  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -2.49
  • The company has reported losses. Due to this company has reported negative ROCE
2

Flat results in Dec 24

3

Stock is technically in a Bearish range

4

With ROE of 3.1, it has a Very Expensive valuation with a 0.5 Price to Book Value

5

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Steel/Sponge Iron/Pig Iron

stock-summary
Market cap

INR 43 Cr (Micro Cap)

stock-summary
P/E

17.00

stock-summary
Industry P/E

29

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

3.13%

stock-summary
Price to Book

0.54

Revenue and Profits (1 Year):
Net Sales:
0 Cr
(Quarterly Results - Dec 2024)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-13.12%
0%
-13.12%
1 Year
-23.66%
0%
-23.66%
2 Years
60.68%
0%
60.68%
3 Years
101.83%
0%
101.83%
4 Years
161.66%
0%
161.66%
5 Years
258.61%
0%
258.61%

Ashirwad Steels for the last several years.

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-3.96%
EBIT Growth (5y)
16.64%
EBIT to Interest (avg)
-2.49
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.05
Tax Ratio
28.94%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.07%
ROCE (avg)
-6.38%
ROE (avg)
3.49%
Valuation key factors
Factor
Value
P/E Ratio
17
Industry P/E
29
Price to Book Value
0.54
EV to EBIT
42.54
EV to EBITDA
42.54
EV to Capital Employed
0.54
EV to Sales
23.24
PEG Ratio
0.63
Dividend Yield
NA
ROCE (Latest)
-0.54%
ROE (Latest)
3.13%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 1 Schemes (0.07%)

FIIs

Held by 0 FIIs

Promoter with highest holding

Sohini Suppliers Private Limited (18.69%)

Highest Public shareholder

Ravi Business Services Pvt. Ltd. (3.3%)

Individual Investors Holdings

18.73%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 21.43% vs -20.00% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -7.84% vs -15.00% in Sep 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.34",
          "val2": "0.28",
          "chgp": "21.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.11",
          "val2": "0.05",
          "chgp": "120.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.47",
          "val2": "0.51",
          "chgp": "-7.84%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "32.35%",
          "val2": "17.86%",
          "chgp": "14.49%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 61.54% vs 2.63% in Sep 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 40.51% vs -95.07% in Sep 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.63",
          "val2": "0.39",
          "chgp": "61.54%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.15",
          "val2": "-0.17",
          "chgp": "188.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.02",
          "val2": "0.01",
          "chgp": "100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.11",
          "val2": "0.79",
          "chgp": "40.51%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "23.81%",
          "val2": "-43.59%",
          "chgp": "67.40%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 32.88% vs 1.39% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 16.18% vs -91.62% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.97",
          "val2": "0.73",
          "chgp": "32.88%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.26",
          "val2": "-0.06",
          "chgp": "533.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.02",
          "val2": "0.06",
          "chgp": "-66.67%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.58",
          "val2": "1.36",
          "chgp": "16.18%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "26.80%",
          "val2": "-8.22%",
          "chgp": "35.02%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is -24.64% vs 95.37% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -86.52% vs 262.99% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1.59",
          "val2": "2.11",
          "chgp": "-24.64%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.46",
          "val2": "0.55",
          "chgp": "-16.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.06",
          "val2": "0.02",
          "chgp": "200.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "15.88",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "2.26",
          "val2": "16.77",
          "chgp": "-86.52%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "28.93%",
          "val2": "26.07%",
          "chgp": "2.86%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
0.34
0.28
21.43%
Operating Profit (PBDIT) excl Other Income
0.11
0.05
120.00%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
0.47
0.51
-7.84%
Operating Profit Margin (Excl OI)
32.35%
17.86%
14.49%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is 21.43% vs -20.00% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -7.84% vs -15.00% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
0.63
0.39
61.54%
Operating Profit (PBDIT) excl Other Income
0.15
-0.17
188.24%
Interest
0.02
0.01
100.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
1.11
0.79
40.51%
Operating Profit Margin (Excl OI)
23.81%
-43.59%
67.40%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 61.54% vs 2.63% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is 40.51% vs -95.07% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
0.97
0.73
32.88%
Operating Profit (PBDIT) excl Other Income
0.26
-0.06
533.33%
Interest
0.02
0.06
-66.67%
Exceptional Items
0.00
0.00
Standalone Net Profit
1.58
1.36
16.18%
Operating Profit Margin (Excl OI)
26.80%
-8.22%
35.02%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 32.88% vs 1.39% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is 16.18% vs -91.62% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
1.59
2.11
-24.64%
Operating Profit (PBDIT) excl Other Income
0.46
0.55
-16.36%
Interest
0.06
0.02
200.00%
Exceptional Items
0.00
15.88
-100.00%
Standalone Net Profit
2.26
16.77
-86.52%
Operating Profit Margin (Excl OI)
28.93%
26.07%
2.86%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is -24.64% vs 95.37% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is -86.52% vs 262.99% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Ashirwad Steels & Industries Ltd stock-summary
stock-summary
Ashirwad Steels & Industries Ltd
Micro Cap
Steel/Sponge Iron/Pig Iron
Ashirwad Steels & Industries Limited was registered on February 2, 1986 at Kolkata, West Bengal. The Company's principal product is sponge iron, which is manufactured at its plants located in Jamshedpur, and in Nalgonda District of Andhra Pradesh. The Company operates in two segments: sponge iron and gas. The Company's products include sponge iron and hydrocarbon gas/liquefied petroleum (LP) gas. The Company's LPG bottling plants are located at Howrah, West Bengal and Kisnapur in Chhattisgarh.
Company Coordinates stock-summary
Company Details
6 Waterloo Street, 5th Floor Suit No 506 Kolkata West Bengal : 700069
stock-summary
Tel: 91-033-22430372/76
stock-summary
http://www.ashirwadsteels.com
stock-summary
ashirwadsteels@gmail.com
Registrar Details
Niche Technologies Pvt Ltd , D-511, Bagree Market 5th Floor, 71 B R B B Road , Kolkata
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