Price
Financials
Standalone, Rs crore| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 59.29 | 96.64 | 76.66 | 90.00 | 108.79 | 32.22 | 0.01 | 0.51 | 87.21 | 408.46 | 612.60 | 807.96 |
| Expenses | 56.88 | 93.38 | 72.98 | 88.30 | 102.71 | 34.82 | 1.24 | 15.48 | 87.44 | 406.67 | 609.92 | 807.44 |
| Operating Profit | 2.41 | 3.26 | 3.68 | 1.70 | 6.08 | -2.60 | -1.23 | -14.97 | -0.23 | 1.79 | 2.68 | 0.52 |
| OPM % | 4.06% | 3.37% | 4.80% | 1.89% | 5.59% | -8.07% | -12,300.00% | -2,935.29% | -0.26% | 0.44% | 0.44% | 0.06% |
| Other Income | 0.00 | 0.01 | 0.01 | 1.86 | 0.03 | 0.02 | 0.00 | -30.50 | 0.01 | -1.36 | 35.49 | -3.30 |
| Interest | 2.26 | 1.82 | 2.29 | 2.65 | 2.39 | 1.79 | 1.69 | 0.33 | 0.26 | 0.22 | 0.35 | 1.02 |
| Depreciation | 0.50 | 0.48 | 0.47 | 0.47 | 0.44 | 0.45 | 0.45 | 0.42 | 0.03 | 0.03 | 0.01 | 0.01 |
| Profit before tax | -0.35 | 0.97 | 0.93 | 0.44 | 3.28 | -4.82 | -3.37 | -46.22 | -0.51 | 0.18 | 37.81 | -3.81 |
| Tax % | 25.71% | 11.34% | 30.11% | 9.09% | 3.05% | 1.45% | 2.08% | -10.15% | -31.37% | -94.44% | -0.03% | 93.44% |
| Net Profit | -0.44 | 0.86 | 0.65 | 0.39 | 3.17 | -4.89 | -3.44 | -41.53 | -0.35 | 0.34 | 37.82 | -7.38 |
| EPS in Rs | -0.55 | 1.08 | 0.82 | 0.49 | 3.98 | -6.14 | -4.32 | -52.14 | -0.44 | 0.43 | 47.48 | -9.27 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 268 | 192 | 203 | 295 | 441 | 310 | 295 | 439 | 465 | 322 | 142 | 1,916 |
| Expenses | 260 | 191 | 199 | 283 | 429 | 314 | 286 | 428 | 453 | 312 | 154 | 1,911 |
| Operating Profit | 8 | 1 | 4 | 12 | 11 | -5 | 9 | 10 | 12 | 10 | -13 | 5 |
| OPM % | 3.0% | 0.8% | 2.1% | 4.0% | 2.6% | -1.5% | 2.9% | 2.3% | 2.5% | 3.2% | -9% | 0.2% |
| Other Income | 2 | 6 | 5 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | -30 | 31 |
| Interest | 6 | 5 | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 9 | 6 | 2 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 0 |
| Profit before tax | 3 | 1 | 4 | 5 | 6 | -12 | 1 | 2 | 3 | 2 | -51 | 34 |
| Tax % | 32% | 26% | 30% | 35% | 26% | -1% | 19% | 35% | 13% | 26% | -9% | 10% |
| Net Profit | 2 | 1 | 3 | 4 | 4 | -12 | 1 | 1 | 3 | 1 | -47 | 30 |
| EPS in Rs | 4.46 | 1.46 | 6.92 | 4.42 | 5.36 | -14.71 | 1.44 | 1.27 | 3.77 | 1.85 | -58.62 | 38.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 26% | 45% | 60% | 1254% | ||
| Compounded Profit Growth | 51% | 100% | 159% | 431% | ||
| Stock Price CAGR | 6% | 4% | -23% | -12% | ||
| Return on Equity | 10% | 24% | 46% | 537% |
| 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 | 4 | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 18 | 19 | 22 | 31 | 36 | 24 | 25 | 26 | 29 | 31 | -16 | 15 |
| Borrowings | 63 | 56 | 46 | 43 | 66 | 79 | 86 | 85 | 91 | 101 | 91 | 37 |
| Other Liabilities | 25 | 22 | 17 | 21 | 36 | 26 | 31 | 35 | 42 | 33 | 29 | 178 |
| Total Liabilities | 110 | 101 | 89 | 104 | 145 | 137 | 150 | 155 | 171 | 173 | 112 | 237 |
| Fixed Assets | 9 | 9 | 9 | 12 | 13 | 11 | 10 | 36 | 32 | 29 | 9 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 12 | 21 | 25 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 100 | 91 | 80 | 92 | 121 | 105 | 114 | 118 | 139 | 144 | 103 | 237 |
| Total Assets | 110 | 101 | 89 | 104 | 145 | 137 | 150 | 155 | 171 | 173 | 112 | 237 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -11 | 8 | 13 | 2 | -4 | 2 | 8 | 11 | -2 | -2 | 12 | 18 |
| Cash from Investing Activity | -0 | -1 | -0 | -4 | -14 | -9 | -4 | -3 | 3 | 1 | 1 | 37 |
| Cash from Financing Activity | 14 | -12 | -14 | 2 | 18 | 7 | -3 | -8 | -1 | 1 | -14 | -54 |
| Net Cash Flow | 3 | -5 | -1 | 0 | 1 | -1 | -0 | -0 | -0 | 0 | -0 | 0 |
| Free Cash Flow | -12 | 7 | 11 | -2 | -18 | -7 | 3 | 8 | 1 | 0 | 12 | 61 |
| CFO/OP | -132% | 564% | 298% | 20% | -32% | -35% | 88% | 101% | -15% | -16% | -98% | 408% |
| 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 | 84 | 102 | 79 | 72 | 63 | 91 | 104 | 66 | 58 | 71 | 96 | 33 |
| Inventory Days | 28 | 61 | 53 | 43 | 34 | 21 | 28 | 24 | 30 | 58 | 73 | 3 |
| Days Payable | 28 | 31 | 13 | 19 | 30 | 30 | 38 | 28 | 31 | 33 | 51 | 32 |
| Cash Conversion Cycle | 85 | 132 | 119 | 96 | 66 | 82 | 95 | 62 | 57 | 95 | 117 | 4 |
| Working Capital Days | 58 | 61 | 68 | 86 | 27 | 26 | 32 | 24 | 30 | 34 | -41 | 2 |
| ROCE % | 12% | 7% | 10% | 14% | 11% | -5% | 7% | 7% | 8% | 7% | -9% | 64% |
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 41.59% | 44.75% |
| Public | 58.40% | 58.41% | 58.40% | 58.41% | 58.41% | 58.41% | 58.41% | 58.41% | 58.41% | 58.40% | 58.41% | 55.25% |
| No. of Shareholders | 10,801 | 10,945 | 11,062 | 11,302 | 11,283 | 11,748 | 11,980 | 11,901 | 11,862 | 11,854 | 11,720 | 11,645 |
Fundamentals
Market Cap₹ 13.9 Cr.
Current Price₹ 17.5
Stock P/E0.36
Book Value₹ 28.3
ROCE63.8 %
ROE537 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1254%
Compounded Profit Growth (TTM)431%
Standalone figures.
Valuation
Market capRs 14 Cr
Enterprise valueRs 44 Cr
P/E (TTM)0.46x
Price to book0.62x
Price to sales0.01x
EV / EBITDA1.22x
EV / EBIT1.23x
EV / sales0.02x
Price to cash flow0.79x
Earnings yield218.29%
P/E, 3-year average22.64x
P/B, 3-year average-0.81x
P/E, 5-year average15.71x
P/B, 5-year average-0.12x
Profitability
Operating margin (excl. other income)0.25%
Operating margin (incl. other income)1.86%
EBITDA margin1.86%
Pre-tax margin1.76%
Net profit margin1.59%
Net margin, latest quarter-0.91%
ROE418.28%
ROCE50.09%
ROA17.46%
ROE, 3-year average39.43%
ROCE, 3-year average5.98%
ROA, 3-year average-4.81%
ROE, 5-year average25.94%
ROCE, 5-year average6.74%
ROA, 5-year average-2.38%
ROIC (approx.)61.58%
Tax rate9.57%
Other income / net worth137.01%
Growth
Sales growth (latest year)1253.84%
Sales CAGR, 3 years60.37%
Sales CAGR, 5 years45.39%
Profit CAGR, 3 years116.47%
Profit CAGR, 5 years92.54%
Sales growth QoQ31.89%
Profit growth QoQ-119.51%
Sales growth YoY (latest quarter)158323.53%
Per share
EPS (TTM)Rs 38.20
EPS (latest quarter)Rs -9.26
EPS, 3-year averageRs -28.39
EPS, 5-year averageRs -12.94
Book value per shareRs 28.26
Sales per shareRs 2,405.60
Cash flow per shareRs 22.09
Free cash flow per shareRs 76.58
Efficiency
Asset turnover8.09x
Fixed asset turnover13687.36x
Inventory turnover105.96x
Inventory days3 days
Debtor days33 days
Debtors turnover11.07x
Creditor days32 days
Cash conversion cycle4 days
Working capital days2 days
Leverage
Total debtRs 37 Cr
Cash and bankRs 7 Cr
Net debtRs 30 Cr
Debt to equity1.63x
Net debt / EBITDA0.83x
Interest coverage19.20x
Owners' fund to total sources9.50%
Debt to assets15.45%
Cash flow
Cash from Operating Activity (latest year)Rs 18 Cr
Cash from Investing Activity (latest year)Rs 37 Cr
Cash from Financing Activity (latest year)Rs -54 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 61 Cr
FCFE (approx.: FCF + change in debt)Rs 7 Cr
Sales to cash flow108.88x
Statement figures
Net sales (TTM)Rs 1,916 Cr
Net sales (latest year)Rs 1,916 Cr
Sales (latest quarter)Rs 808 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 31 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 34 Cr
Profit before tax (TTM)Rs 34 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 30 Cr
Net profit (latest year)Rs 30 Cr
Net profit (latest quarter)Rs -7 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 1,897 Cr
Total expenditure (latest year)Rs 1,911 Cr
Total income (latest year)Rs 1,947 Cr
Share capitalRs 8 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 23 Cr
Total assetsRs 237 Cr
Net blockRs 0 Cr
ReceivablesRs 173 Cr
InventoryRs 18 Cr
Other liabilitiesRs 178 Cr
Shares outstanding (crore)0.80
Ownership
Promoter holding44.75% (+3.16 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 0.5 is the lowest in its own 6.6-year history
(median 8.1, low 0.5, high 37.8).
P/B 0.62 is at the 52th percentile (median 0.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 513401 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.0% | -2.8% | -6.3 pts |
| 3 years | -45.0% | +14.2% | -59.1 pts |
| 5 years | +3.2% | +27.9% | -24.6 pts |
Red flags
F-score 7 of 8| look | Profit leans on other income Other income was 92% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹808 Cr +158323.5% vs Mar 2025.
Net loss ₹7 Cr.
Activity
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|---|---|---|---|
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| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Ashiana Ispat Ltd?
Ashiana Ispat Ltd (513401) has a market capitalisation of Rs 13.9 Cr. at the 2026-06-29 close.
What is the P/E ratio of Ashiana Ispat Ltd?
Ashiana Ispat Ltd trades at a P/E of 0.36 on trailing twelve-month profit, at the 2026-06-29 close.
What were Ashiana Ispat Ltd's latest quarterly results?
In the Mar 2026 quarter, Ashiana Ispat Ltd sales was Rs 808 Cr (+158323.5% vs Mar 2025) with a net loss of Rs 7 Cr.