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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0.23 | 0.34 | 0.86 | 0.35 | 0.28 | 0.34 | 0.83 | 0.40 | 0.48 | 0.54 | 0.81 | 0.54 |
| Operating costs | 0.23 | 0.22 | 0.28 | 0.23 | 0.23 | 0.23 | 0.40 | 0.32 | 0.28 | 0.38 | 0.53 | 0.36 |
| EBITDA | 0.00 | 0.12 | 0.58 | 0.12 | 0.05 | 0.11 | 0.43 | 0.08 | 0.20 | 0.16 | 0.28 | 0.18 |
| EBITDA margin % | 0.00% | 35.29% | 67.44% | 34.29% | 17.86% | 32.35% | 51.81% | 20.00% | 41.67% | 29.63% | 34.57% | 33.33% |
| Depreciation & amortisation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Finance costs | 0.00 | 0.05 | 0.01 | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.00 |
| Non-operating income | 0.70 | 0.69 | 0.78 | 0.70 | 0.67 | 0.59 | 0.54 | 0.65 | 0.66 | 0.41 | 0.37 | 0.59 |
| Pre-tax profit | 0.68 | 0.74 | 1.33 | 0.78 | 0.70 | 0.68 | 0.94 | 0.71 | 0.82 | 0.53 | 0.62 | 0.75 |
| Effective tax rate % | 26.47% | 22.97% | 32.33% | 23.08% | 27.14% | 30.88% | 23.40% | 29.58% | 25.61% | 15.09% | 24.19% | 32.00% |
| Profit after tax | 0.50 | 0.57 | 0.90 | 0.60 | 0.51 | 0.47 | 0.72 | 0.50 | 0.62 | 0.44 | 0.46 | 0.51 |
| Earnings per share (Rs) | 0.40 | 0.46 | 0.72 | 0.48 | 0.41 | 0.38 | 0.58 | 0.40 | 0.50 | 0.35 | 0.37 | 0.41 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0.86 | 1.85 | 22.26 | 2.77 | 8.18 | 1.58 | 4.05 | 4.44 | 4.40 | 4.30 | 4.12 | 2.37 |
| Operating costs | 2.91 | 2.28 | 22.90 | 7.40 | 10.26 | 3.44 | 4.10 | 1.55 | 1.07 | 1.09 | 1.36 | 1.55 |
| EBITDA | -2.05 | -0.43 | -0.64 | -4.63 | -2.08 | -1.86 | -0.05 | 2.89 | 3.33 | 3.21 | 2.76 | 0.82 |
| EBITDA margin % | -238.37% | -23.24% | -2.88% | -167.15% | -25.43% | -117.72% | -1.23% | 65.09% | 75.68% | 74.65% | 66.99% | 34.60% |
| Depreciation & amortisation | 0.63 | 0.63 | 0.62 | 0.46 | 0.36 | 0.36 | 0.35 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Finance costs | 0.12 | 0.03 | 0.12 | 0.03 | 0.10 | 0.06 | 0.20 | 0.03 | 0.07 | 0.03 | 0.05 | 0.05 |
| Non-operating income | 2.83 | 1.91 | 1.77 | 14.73 | -0.99 | 1.93 | 5.38 | 15.88 | 0.00 | 0.00 | 0.05 | 2.03 |
| Pre-tax profit | 0.03 | 0.82 | 0.39 | 9.61 | -3.53 | -0.35 | 4.78 | 18.66 | 3.18 | 3.10 | 2.68 | 2.72 |
| Effective tax rate % | -533.33% | 7.32% | -33.33% | 21.75% | 4.25% | -8.57% | 3.14% | 10.13% | 29.25% | 25.81% | 24.63% | |
| Profit after tax | 0.18 | 0.76 | 0.52 | 7.52 | -3.67 | -0.31 | 4.62 | 16.77 | 2.26 | 2.30 | 2.02 | 2.03 |
| Earnings per share (Rs) | 0.14 | 0.61 | 0.42 | 6.02 | -2.94 | -0.25 | 3.70 | 13.42 | 1.81 | 1.84 | 1.62 | 1.63 |
| Paid out as dividend % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | 17% | 21% | -2% | 28% | ||
| Profit CAGR | 19% | 17% | 69% | -8% | ||
| Share price CAGR | 12% | 18% | -8% | -27% | ||
| Average return on equity | 1% | 1% | 3% | 2% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 9.18 | 8.77 | 8.24 | 7.40 | 4.88 | 4.99 | 4.65 | 0.61 | 0.42 | 0.35 | 0.40 | 0.34 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.46 | 3.02 | 7.81 | 8.87 | 11.91 | 10.21 | 8.98 | 5.21 | 17.37 | 31.81 | 36.20 | 41.86 |
| Current & other assets | 39.53 | 41.15 | 37.71 | 39.33 | 44.86 | 43.57 | 42.63 | 55.56 | 60.59 | 48.78 | 46.53 | 42.93 |
| Total assets | 53.17 | 52.94 | 53.76 | 55.60 | 61.65 | 58.77 | 57.20 | 61.38 | 78.38 | 80.94 | 83.13 | 85.13 |
| Share capital | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 |
| Reserves & surplus | 38.09 | 38.21 | 39.71 | 40.18 | 48.13 | 43.26 | 43.95 | 48.86 | 65.88 | 68.35 | 70.62 | 72.63 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other liabilities & provisions | 2.58 | 2.23 | 1.55 | 2.92 | 1.02 | 1.02 | 0.75 | 0.02 | 0.00 | 0.09 | 0.01 | 0.00 |
| Equity + liabilities | 53.17 | 52.94 | 53.76 | 55.60 | 61.65 | 58.77 | 57.20 | 61.38 | 78.38 | 80.94 | 83.13 | 85.13 |
| 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 cash flow | 3.95 | -0.67 | -1.46 | -3.19 | -8.72 | 3.66 | -1.02 | 9.15 | 16.49 | 9.20 | -4.39 | -4.36 |
| Investing cash flow | 0.84 | 5.32 | 2.01 | -1.06 | 17.15 | -16.87 | 3.49 | 11.15 | -9.27 | -47.77 | 2.39 | 5.13 |
| Free cash flow (after capex) | 4.10 | 3.20 | -1.56 | -2.97 | 7.12 | 3.19 | -1.97 | 12.83 | 16.96 | 9.20 | -4.52 | -4.38 |
| Financing cash flow | -4.27 | 2.89 | -0.02 | -0.11 | -0.03 | 1.90 | -2.05 | -0.01 | -0.02 | -0.06 | -0.03 | -0.05 |
| Net change in cash | 0.53 | 7.54 | 0.53 | -4.37 | 8.40 | -11.31 | 0.42 | 20.29 | 7.20 | -38.63 | -2.03 | 0.71 |
| Cash conversion (OCF / EBITDA) % | -167% | 46% | 321% | 491% | 131% | -181% | 55% | -18,620% | 636% | 304% | -112% | -134% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 0.22% | 0.97% | 2.08% | 0.82% | -5.30% | 0.93% | 1.68% | -0.56% | 4.02% | 4.08% | 3.82% | 3.25% |
| Receivable days | 3.54 | 0.00 | 0.00 | 30.33 | 65.88 | 39.71 | 48.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory days | 326.45 | 1,360.06 | 100.10 | 1,733.75 | 172.05 | 2,190.00 | ||||||
| Payable days | 0.00 | 0.00 | 0.00 | 0.00 | 6.67 | 0.00 | ||||||
| Cash cycle (days) | 329.99 | 1,360.06 | 0.00 | 130.43 | 1,799.63 | 205.10 | 2,238.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working capital days | 1,533.00 | 7,754.13 | 1,909.84 | 177.74 | 2,437.73 | 1,014.68 | 5,925.47 | 1,863.75 | 1,542.21 | 793.05 | 1,181.58 | 1,625.67 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% |
| Domestic institutions % | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| Retail & others % | 30.87% | 30.86% | 30.86% | 30.87% | 30.86% | 30.87% | 30.87% | 30.87% | 30.86% | 30.85% | 30.86% | 30.86% |
| Shareholder count | 5,865 | 6,292 | 6,606 | 7,565 | 7,825 | 8,562 | 8,584 | 8,506 | 8,397 | 8,245 | 8,158 | 8,096 |
Fundamentals
Market value₹ 28.0 Cr.
Last price₹ 22.4
P/E (trailing)13.8
Book value / share₹ 68.1
Return on capital3.25 %
Return on equity2.40 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)28%
Profit CAGR (TTM)-8%
Standalone figures.
Valuation
Market capRs 29 Cr
Enterprise valueRs 28 Cr
P/E (TTM)14.16x
Price to book0.34x
Price to sales12.13x
EV / EBITDA9.67x
EV / EBIT9.95x
EV / sales11.63x
Earnings yield7.06%
P/E, 3-year average16.29x
P/B, 3-year average0.44x
P/E, 5-year average10.90x
P/B, 5-year average0.39x
Profitability
Operating margin (excl. other income)66.99%
Operating margin (incl. other income)68.20%
EBITDA margin120.25%
Pre-tax margin114.77%
Net profit margin85.65%
Net margin, latest quarter94.44%
ROE2.40%
ROCE3.25%
ROA2.40%
ROE, 3-year average2.68%
ROCE, 3-year average3.71%
ROA, 3-year average2.68%
ROE, 5-year average7.98%
ROCE, 5-year average9.27%
ROA, 5-year average7.97%
ROIC (approx.)2.49%
Tax rate24.63%
Other income / net worth0.06%
Growth
Sales growth (latest year)-4.19%
Profit growth (latest year)-12.17%
Sales CAGR, 3 years-2.46%
Sales CAGR, 5 years21.13%
Profit CAGR, 3 years-50.61%
Sales growth QoQ-33.33%
Profit growth QoQ10.87%
Sales growth YoY (latest quarter)35.00%
Profit growth YoY (latest quarter)2.00%
Per share
EPS (TTM)Rs 1.62
EPS (latest year)Rs 1.62
EPS (latest quarter)Rs 0.41
EPS, 3-year averageRs 1.75
EPS, 5-year averageRs 4.48
Book value per shareRs 68.10
Sales per shareRs 1.90
Cash flow per shareRs -3.49
Efficiency
Asset turnover0.05x
Fixed asset turnover12.12x
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Net debt / EBITDA-0.41x
Interest coverage55.40x
Owners' fund to total sources100.00%
Cash flow
Operating cash flow (latest year)Rs -4 Cr
Investing cash flow (latest year)Rs 5 Cr
Financing cash flow (latest year)Rs -0 Cr
Net change in cash (latest year)Rs 1 Cr
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 12 Cr
ReservesRs 73 Cr
Shareholders' fundsRs 85 Cr
Total assetsRs 85 Cr
Net blockRs 0 Cr
InvestmentsRs 42 Cr
Shares outstanding (crore)1.25
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.2 is at the 45th percentile of its own 7.4-year range
(median 14.6, low 0.8, high 38.4).
P/B 0.34 is at the 45th percentile (median 0.35).
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 | 526847 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.9% | -2.8% | +7.7 pts |
| 1 month | -2.1% | -6.8% | +4.7 pts |
| 3 months | -2.0% | -7.6% | +5.6 pts |
| 3 years | -20.7% | +14.2% | -34.8 pts |
| 5 years | +129.2% | +27.9% | +101.3 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was 7% of net profit over the last 3 years |
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 ₹1 Cr +35.0% vs Jun 2025.
Net profit ₹1 Cr +2.0%.
Activity
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|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
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| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| 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 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
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 Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd (526847) has a market capitalisation of Rs 28.0 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ashirwad Steels & Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Ashirwad Steels & Industries Ltd sales was Rs 1 Cr (+35.0% vs Jun 2025) and net profit was Rs 1 Cr.