Ashirwad Steels &Ind

₹56 0.6 | 1.1%

WEBSITE BSE:526847 NSE : ASHIRWAD STL 18 May, 12:50

Market Cap ₹70 Cr.

Stock P/E 31.0

P/B 0.9

Current Price ₹56

Book Value ₹ 64.7

Face Value 10

52W High ₹67.7

Dividend Yield 0%

52W Low ₹ 21

Edit Ratio

Ashirwad Steels &Ind Research see more...

Overview Inc. Year: 1986Industry: Steel/Sponge Iron/Pig Iron

Ashirwad Steels &Ind Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Ashirwad Steels &Ind Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	0	1	0	0	0	0	0	0	0	1
Other Income	1	0	1	1	1	1	1	1	1	1
Total Income	1	1	1	1	1	1	1	1	1	2
Total Expenditure	0	2	0	0	1	0	0	0	0	0
Operating Profit	1	-0	1	1	0	1	0	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	5	0	16	0	0	0	0	0	0
Profit Before Tax	1	5	1	17	0	1	0	1	1	1
Provision for Tax	-0	0	0	1	0	0	0	0	0	0
Profit After Tax	1	5	1	15	0	1	0	0	1	1
Adjustments	-0	-0	0	0	0	0	0	0	-0	0
Profit After Adjustments	1	5	1	15	0	1	0	0	1	1
Adjusted Earnings Per Share	0.6	3.7	0.6	12.2	0.2	0.4	0.2	0.4	0.5	0.7

Ashirwad Steels &Ind Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	50	15	5	1	2	22	3	8	2	3	2	1
Other Income	2	3	3	3	2	2	15	3	3	1	2	4
Total Income	52	18	8	4	4	24	18	11	5	4	4	5
Total Expenditure	50	16	7	3	3	23	7	14	5	4	2	0
Operating Profit	2	2	1	1	1	1	10	-3	0	0	3	3
Interest	1	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	-0	0	0	0	0	0	0	5	16	0
Profit Before Tax	1	0	-0	0	1	0	10	-4	-0	5	19	3
Provision for Tax	0	-0	-0	-0	0	-0	2	0	-0	0	2	0
Profit After Tax	1	0	-0	0	1	1	8	-4	-0	5	17	2
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	0	-0	0	1	1	8	-4	-0	5	17	2
Adjusted Earnings Per Share	0.6	0.3	-0.1	0.1	0.6	0.4	6	-2.9	-0.3	3.7	13.4	1.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-33%	-37%	-38%	-28%
Operating Profit CAGR	0%	0%	25%	4%
PAT CAGR	240%	0%	76%	33%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	122%	56%	40%	30%
ROE Average	24%	10%	8%	4%
ROCE Average	27%	12%	9%	5%

Ashirwad Steels &Ind Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	50	51	51	51	52	53	61	56	56	61	78
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3	3	2	2	1	1	1	0	0	-0	-0
Total Current Liabilities	3	1	0	0	0	2	3	5	1	1	2
Total Liabilities	56	54	53	53	54	56	64	61	57	62	80
Fixed Assets	11	10	9	9	8	7	5	5	5	1	0
Other Non-Current Assets	7	8	10	6	31	32	38	28	26	37	58
Total Current Assets	37	36	34	38	14	16	22	28	27	24	21
Total Assets	56	54	53	53	54	56	64	61	57	62	80

Ashirwad Steels &Ind Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	16	17	12	12	20	20	16	25	13	14	34
Cash Flow from Operating Activities	9	-5	4	-1	-1	-3	-9	4	-1	9	17
Cash Flow from Investing Activities	2	3	1	5	2	-1	17	-17	3	11	-10
Cash Flow from Financing Activities	-11	-3	-4	3	-0	-0	-0	2	-2	-0	-0
Net Cash Inflow / Outflow	0	-5	1	8	1	-4	8	-11	0	20	7
Closing Cash & Cash Equivalent	17	12	12	20	20	16	25	13	14	34	41

Ashirwad Steels &Ind Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.64	0.3	-0.1	0.15	0.61	0.41	6.02	-2.94	-0.25	3.69	13.41
CEPS(Rs)	1.54	1.2	0.44	0.65	1.11	0.91	6.39	-2.65	0.04	3.98	13.47
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	40.25	40.55	40.47	40.57	41.77	42.15	48.51	44.61	45.16	49.09	62.71
Core EBITDA Margin(%)	0.35	-6.07	-41.99	-275.91	-35.33	-2.56	-149.15	-63.9	-185.83	-26	26.12
EBIT Margin(%)	2.37	3.81	0.79	16.73	44.53	1.94	310.56	-36.17	-17.49	152.98	886.79
Pre Tax Margin(%)	1.42	1.03	-4.47	3.23	42.86	1.5	309.59	-37.23	-20.78	146.71	885.53
PAT Margin (%)	1.38	2.21	-2.36	20.91	39.79	2.01	242.27	-38.74	-18.8	141.87	795.68
Cash Profit Margin (%)	3.32	8.92	9.94	93.2	72.74	4.41	257.04	-34.98	2.66	152.69	799.34
ROA(%)	1.35	0.68	-0.24	0.34	1.42	0.95	12.54	-5.85	-0.53	7.76	23.64
ROE(%)	1.6	0.74	-0.26	0.36	1.48	0.99	13.28	-6.31	-0.56	7.84	24
ROCE(%)	2.6	1.27	0.09	0.29	1.65	0.96	17.02	-5.79	-0.51	8.45	26.74
Receivable days	13.36	40	70.5	0	0	26.12	137.91	26.66	119.2	0	0
Inventory Days	49.93	134	370.65	1490.1	514.79	54.59	868.16	253.74	780.77	0	0
Payable days	12.74	22.94	0	0	44.84	10.77	112.36	15.57	0	0	0
PER(x)	14.08	11.72	0	34.3	17.59	27.4	1.74	0	0	4.25	1.4
Price/Book(x)	0.22	0.09	0.11	0.12	0.26	0.27	0.22	0.2	0.23	0.32	0.3
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	-0.11	-0.5	-1.37	-15.78	4.9	0.48	4.6	1.58	7.88	5.11	10.8
EV/Core EBITDA(x)	-2.23	-4.26	-8.87	-17.73	6.14	9.54	1.26	-4.21	186.58	702.26	7.88
Net Sales Growth(%)	-20.91	-69.76	-65.97	-83.1	112.8	1102.72	-87.58	195.91	-80.74	106.64	-35.27
EBIT Growth(%)	139.41	-53.21	-93.25	236.25	483.78	-40.97	1822.48	-135.55	91.45	1799.62	275.22
PAT Growth(%)	121.93	-53.4	-134.76	240.59	317.53	-31.82	1352.83	-148.81	91.43	1566.5	263.05
EPS Growth(%)	121.93	-53.4	-134.75	240.58	317.66	-31.82	1352.91	-148.81	91.43	1566.61	263.05
Debt/Equity(x)	0	0	0	0	0	0	0	0.04	0	0	0
Current Ratio(x)	13.32	57.28	150.86	419.28	42.47	8.04	7.28	5.24	49.65	33.31	11.29
Quick Ratio(x)	11.48	45.94	133.36	385.07	35.76	5.35	4.19	4.52	43.58	33.31	11.29
Interest Cover(x)	2.5	1.37	0.15	1.24	26.81	4.34	318.32	-33.98	-5.32	24.38	707.78
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0.18	0	0	0

Ashirwad Steels &Ind Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.63	67.57	67.57	69.06	69.06	69.06	69.06	69.06	69.06	69.06
FII	0	0	0	0	0	0	0	0	0	0
DII	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Public	32.3	32.36	32.36	30.87	30.87	30.87	30.87	30.87	30.87	30.87
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.85	0.84	0.84	0.86	0.86	0.86	0.86	0.86	0.86	0.86
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.4	0.4	0.4	0.39	0.39	0.39	0.39	0.39	0.39	0.39
Others	0	0	0	0	0	0	0	0	0	0
Total	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25

Pros

Stock is trading at 0.9 times its book value
Company has delivered good profit growth of 76% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Earnings include an other income of Rs. 2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Ashirwad Steels &Ind News

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Ashirwad Steels &Ind

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Ashirwad Steels &Ind Research see more...

Overview Inc. Year: 1986Industry: Steel/Sponge Iron/Pig Iron

Ashirwad Steels &Ind Share Price

Alert Data

Quarterly Price

Peer Comparison

Ashirwad Steels &Ind Quarterly Results

Ashirwad Steels &Ind Profit & Loss

Growth Rates

Ashirwad Steels &Ind Balance Sheet

Ashirwad Steels &Ind Cash Flow

Ashirwad Steels &Ind Ratios

Ashirwad Steels &Ind Shareholding Pattern

Ashirwad Steels &Ind News

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