Price
Financials
Standalone, Rs crore| 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 | 0.22 | 0.06 | 0.02 | 0.00 | 38.43 | 68.15 | 65.30 | 42.68 | 64.68 | 61.90 | 52.02 | 38.72 |
| Expenses | 1.13 | 0.36 | 3.27 | 0.35 | 36.92 | 62.01 | 60.54 | 38.18 | 54.22 | 55.49 | 47.97 | 36.63 |
| Operating Profit | -0.91 | -0.30 | -3.25 | -0.35 | 1.51 | 6.14 | 4.76 | 4.50 | 10.46 | 6.41 | 4.05 | 2.09 |
| OPM % | -413.64% | -500.00% | -16,250.00% | 3.93% | 9.01% | 7.29% | 10.54% | 16.17% | 10.36% | 7.79% | 5.40% | |
| Other Income | 0.19 | 0.22 | 1.69 | 0.35 | 0.02 | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.07 | 0.07 |
| Depreciation | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.17 | 0.19 |
| Profit before tax | -0.76 | -0.12 | -1.57 | 0.00 | 1.53 | 6.18 | 4.77 | 4.50 | 10.46 | 6.18 | 3.81 | 1.83 |
| Tax % | 1.32% | 8.33% | -21.02% | 0.00% | 7.93% | 26.62% | 25.11% | 28.59% | 25.57% | 15.75% | 18.03% | |
| Net Profit | -0.77 | -0.12 | -1.25 | 0.00 | 1.53 | 5.69 | 3.49 | 3.36 | 7.46 | 4.61 | 3.21 | 1.50 |
| EPS in Rs | -1.88 | -0.29 | -3.05 | 0.00 | 3.74 | 13.91 | 3.62 | 2.23 | 4.94 | 3.05 | 2.13 | 0.99 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3 | 4 | 9 | 10 | 7 | 2 | 1 | 2 | 1 | 172 | 221 | 217 |
| Expenses | 4 | 5 | 10 | 11 | 9 | 3 | 2 | 3 | 5 | 160 | 196 | 194 |
| Operating Profit | -1 | -1 | -1 | -1 | -2 | -1 | -1 | -1 | -5 | 12 | 25 | 23 |
| OPM % | -28% | -29% | -12% | -11% | -23% | -63% | -171% | -56% | -609% | 7% | 11% | 11% |
| Other Income | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 2 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 0 | 0 | 1 | -1 | -0 | -1 | -1 | -3 | 12 | 25 | 22 |
| Tax % | -4% | 200% | 9% | 0% | 28% | -32% | 7% | 5% | -12% | 14% | 25% | |
| Net Profit | 1 | -0 | 0 | 1 | -1 | -0 | -1 | -1 | -2 | 11 | 19 | 17 |
| EPS in Rs | 2.05 | -0.02 | 0.49 | 3.03 | -2.22 | -0.56 | -1.47 | -1.61 | -5.60 | 11.10 | 12.35 | 11.11 |
| Dividend Payout % | 37% | -2,045% | 102% | 16% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 53% | 158% | 364% | 1% | ||
| Compounded Profit Growth | 37% | 142% | 213% | 19% | ||
| Stock Price CAGR | 23% | 57% | 86% | -19% | ||
| Return on Equity | 6% | 10% | 13% | 17% |
| 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 10 | 15 |
| Reserves | 21 | 21 | 22 | 22 | 22 | 21 | 21 | 21 | 21 | 19 | 81 | 117 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Other Liabilities | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 35 | 84 |
| Total Liabilities | 25 | 26 | 26 | 27 | 27 | 26 | 26 | 26 | 26 | 23 | 125 | 220 |
| Fixed Assets | 2 | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 0 | 0 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 18 | 18 | 19 | 17 | 16 | 14 | 15 | 15 | 14 | 16 | 0 | 0 |
| Other Assets | 6 | 6 | 5 | 8 | 10 | 8 | 7 | 7 | 8 | 7 | 124 | 215 |
| Total Assets | 25 | 26 | 26 | 27 | 27 | 26 | 26 | 26 | 26 | 23 | 125 | 220 |
| 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 | 1 | -3 | 1 | -3 | -1 | -2 | -1 | -1 | -2 | -1 | -77 | -22 |
| Cash from Investing Activity | -1 | 1 | 0 | 3 | 2 | 1 | 1 | 1 | 2 | 4 | 18 | -4 |
| Cash from Financing Activity | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 56 | 25 |
| Net Cash Flow | -1 | -1 | 0 | 0 | 1 | -1 | 0 | -0 | -0 | 3 | -3 | -0 |
| Free Cash Flow | 1 | -3 | 0 | -3 | -3 | -3 | -1 | -1 | -2 | 4 | -77 | -26 |
| CFO/OP | -19% | 283% | -45% | 312% | 127% | 109% | 49% | 89% | 154% | 16% | -620% | -60% |
| 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 | 131 | 62 | 96 | 69 | 115 | 290 | 735 | 370 | 0 | 260 | 349 |
| Inventory Days | 0 | 9 | 6 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 54 | 8 | 5 | |||||||||
| Cash Conversion Cycle | 0 | 86 | 60 | 100 | 69 | 115 | 290 | 735 | 370 | 0 | 260 | 349 |
| Working Capital Days | 121 | 154 | 81 | 91 | 92 | 150 | 472 | 1,296 | 416 | 213 | 187 | 211 |
| ROCE % | -9% | 3% | -0% | 1% | 5% | -3% | -1% | -2% | -2% | -18% | 21% | 22% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.89% | 67.89% | 67.89% | 67.89% | 67.89% | 67.89% | 70.30% | 71.41% | 71.41% | 71.41% | 71.41% | 71.41% |
| Public | 32.12% | 32.12% | 32.12% | 32.11% | 32.11% | 32.10% | 29.71% | 28.58% | 28.58% | 28.59% | 28.58% | 28.58% |
| No. of Shareholders | 2,807 | 2,580 | 2,600 | 2,520 | 2,505 | 2,573 | 2,619 | 2,624 | 2,724 | 3,072 | 3,166 | 3,138 |
Fundamentals
Market Cap₹ 245 Cr.
Current Price₹ 162
Stock P/E14.6
Book Value₹ 87.2
ROCE22.2 %
ROE16.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)19%
Standalone figures.
Valuation
Market capRs 239 Cr
Enterprise valueRs 242 Cr
P/E (TTM)14.25x
Price to book1.82x
Price to sales1.10x
EV / EBITDA10.64x
EV / EBIT10.81x
EV / sales1.11x
Earnings yield7.02%
P/E, 3-year average18.09x
P/B, 3-year average1.73x
P/E, 5-year average18.09x
P/B, 5-year average1.15x
Profitability
Operating margin (excl. other income)11.48%
Operating margin (incl. other income)11.48%
EBITDA margin10.47%
Pre-tax margin10.25%
Net profit margin7.72%
Net margin, latest quarter3.87%
ROE16.80%
ROCE22.23%
ROA10.82%
ROE, 3-year average8.72%
ROCE, 3-year average11.20%
ROA, 3-year average5.32%
ROE, 5-year average4.24%
ROCE, 5-year average5.81%
ROA, 5-year average2.23%
ROIC (approx.)12.42%
Tax rate25.27%
Growth
Sales growth (latest year)28.74%
Profit growth (latest year)74.21%
Sales CAGR, 3 years364.35%
Sales CAGR, 5 years157.89%
Sales growth QoQ-25.57%
Profit growth QoQ-53.27%
Sales growth YoY (latest quarter)-9.28%
Profit growth YoY (latest quarter)-55.36%
Per share
EPS (TTM)Rs 11.12
EPS (latest year)Rs 12.35
EPS (latest quarter)Rs 0.99
EPS, 3-year averageRs 5.95
EPS, 5-year averageRs 2.95
Book value per shareRs 87.24
Sales per shareRs 144.00
Cash flow per shareRs -14.44
Free cash flow per shareRs -17.23
Efficiency
Asset turnover1.01x
Fixed asset turnover50.18x
Debtor days349 days
Debtors turnover1.04x
Creditor days5 days
Cash conversion cycle349 days
Working capital days211 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.03x
Net debt / EBITDA0.14x
Interest coverage172.38x
Owners' fund to total sources59.94%
Debt to assets1.63%
Cash flow
Cash from Operating Activity (latest year)Rs -22 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 25 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -26 Cr
Cash from ops / profit, 5 years-3.96x
Statement figures
Net sales (TTM)Rs 217 Cr
Net sales (latest year)Rs 221 Cr
Sales (latest quarter)Rs 39 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs 2 Cr
EBITDA (TTM)Rs 23 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs 22 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 17 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 194 Cr
Total expenditure (latest year)Rs 196 Cr
Total income (latest year)Rs 221 Cr
Share capitalRs 15 Cr
ReservesRs 117 Cr
Shareholders' fundsRs 132 Cr
Total assetsRs 220 Cr
Net blockRs 4 Cr
InvestmentsRs 0 Cr
ReceivablesRs 212 Cr
Other liabilitiesRs 84 Cr
Shares outstanding (crore)1.51
Ownership
Promoter holding71.41% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.2 is at the 32th percentile of its own 3.3-year range
(median 15.2, low 10.1, high 211.3).
P/B 1.82 is at the 68th percentile (median 1.27).
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 | 522273 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.4% | -2.8% | -1.6 pts |
| 1 month | -9.1% | -6.8% | -2.4 pts |
| 3 months | -13.1% | -7.6% | -5.5 pts |
| 3 years | +524.4% | +14.2% | +510.2 pts |
| 5 years | +848.5% | +27.9% | +820.6 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -367% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 18% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 73% vs sales +29% in 2026 |
| explain | Share dilution Share count up 57% in a year, 268% in three |
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
Jun 2026Sales ₹39 Cr -9.3% vs Jun 2025.
Net profit ₹2 Cr -55.4%.
Activity
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|---|---|---|---|
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| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
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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 Ahmedabad Steelcraft Ltd?
Ahmedabad Steelcraft Ltd (522273) has a market capitalisation of Rs 245 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ahmedabad Steelcraft Ltd?
Ahmedabad Steelcraft Ltd trades at a P/E of 14.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ahmedabad Steelcraft Ltd's latest quarterly results?
In the Jun 2026 quarter, Ahmedabad Steelcraft Ltd sales was Rs 39 Cr (-9.3% vs Jun 2025) and net profit was Rs 2 Cr.