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Ashirwad Steels &Ind

₹39.8 0.8 | 2%

Market Cap ₹50 Cr.

Stock P/E 19.5

P/B 0.6

Current Price ₹39.8

Book Value ₹ 65.2

Face Value 10

52W High ₹67.7

Dividend Yield 0%

52W Low ₹ 27.6

Ashirwad Steels &Ind Research see more...

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

Ashirwad Steels &Ind Share Price

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Ashirwad Steels &Ind Quarterly Results

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

Ashirwad Steels &Ind Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 15 5 1 2 22 3 8 2 3 2 2 1
Other Income 3 3 3 2 2 15 3 3 1 2 3 4
Total Income 18 8 4 4 24 18 11 5 4 4 4 5
Total Expenditure 16 7 3 3 23 7 14 5 4 2 1 0
Operating Profit 2 1 1 1 1 10 -3 0 0 3 3 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 -0 0 0 0 0 0 0 5 16 0 0
Profit Before Tax 0 -0 0 1 0 10 -4 -0 5 19 3 4
Provision for Tax -0 -0 -0 0 -0 2 0 -0 0 2 1 0
Profit After Tax 0 -0 0 1 1 8 -4 -0 5 17 2 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 0 1 1 8 -4 -0 5 17 2 3
Adjusted Earnings Per Share 0.3 -0.1 0.1 0.6 0.4 6 -2.9 -0.3 3.7 13.4 1.8 2.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% -8% -18%
Operating Profit CAGR 0% 0% -21% 4%
PAT CAGR -88% 0% -24% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 35% 57% 46% 23%
ROE Average 3% 12% 6% 4%
ROCE Average 4% 13% 7% 5%

Ashirwad Steels &Ind Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 51 51 51 52 53 61 56 56 61 78 81
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 2 2 1 1 1 0 0 -0 -0 -0
Total Current Liabilities 1 0 0 0 2 3 5 1 1 2 1
Total Liabilities 54 53 53 54 56 64 61 57 62 80 82
Fixed Assets 10 9 9 8 7 5 5 5 1 0 0
Other Non-Current Assets 8 10 6 31 32 38 28 26 37 58 68
Total Current Assets 36 34 38 14 16 22 28 27 24 21 13
Total Assets 54 53 53 54 56 64 61 57 62 80 82

Ashirwad Steels &Ind Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 17 12 12 20 20 16 25 13 14 34 41
Cash Flow from Operating Activities -5 4 -1 -1 -3 -9 4 -1 9 16 9
Cash Flow from Investing Activities 3 1 5 2 -1 17 -17 3 11 -9 -11
Cash Flow from Financing Activities -3 -4 3 -0 -0 -0 2 -2 -0 -0 -0
Net Cash Inflow / Outflow -5 1 8 1 -4 8 -11 0 20 7 -2
Closing Cash & Cash Equivalent 12 12 20 20 16 25 13 14 34 41 39

Ashirwad Steels &Ind Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.3 -0.1 0.15 0.61 0.41 6.02 -2.94 -0.25 3.69 13.41 1.8
CEPS(Rs) 1.2 0.44 0.65 1.11 0.91 6.39 -2.65 0.04 3.98 13.47 1.87
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 40.55 40.47 40.57 41.77 42.15 48.51 44.61 45.16 49.09 62.71 64.68
Core EBITDA Margin(%) -6.07 -41.99 -275.91 -35.33 -2.56 -149.15 -63.9 -185.83 -26 26.61 32.37
EBIT Margin(%) 3.81 0.79 16.73 44.53 1.94 310.56 -36.17 -17.49 152.98 880.85 205.09
Pre Tax Margin(%) 1.03 -4.47 3.23 42.86 1.5 309.59 -37.23 -20.78 146.71 879.61 200.98
PAT Margin (%) 2.21 -2.36 20.91 39.79 2.01 242.27 -38.74 -18.8 141.87 790.36 142.26
Cash Profit Margin (%) 8.92 9.94 93.2 72.74 4.41 257.04 -34.98 2.66 152.69 793.99 147.07
ROA(%) 0.68 -0.24 0.34 1.42 0.95 12.54 -5.85 -0.53 7.76 23.64 2.79
ROE(%) 0.74 -0.26 0.36 1.48 0.99 13.28 -6.31 -0.56 7.84 24 2.83
ROCE(%) 1.27 0.09 0.29 1.65 0.96 17.02 -5.79 -0.51 8.45 26.74 4.08
Receivable days 40 70.5 0 0 26.12 137.91 26.66 119.2 0 0 0
Inventory Days 134 370.65 1490.1 514.79 54.59 868.16 253.74 780.77 0 0 0
Payable days 22.94 0 0 44.84 10.77 112.36 15.57 0 0 0 0
PER(x) 11.72 0 34.3 17.59 27.4 1.74 0 0 4.25 1.4 21.43
Price/Book(x) 0.09 0.11 0.12 0.26 0.27 0.22 0.2 0.23 0.32 0.3 0.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) -0.5 -1.37 -15.78 4.9 0.48 4.6 1.58 7.88 5.11 10.72 28.92
EV/Core EBITDA(x) -4.26 -8.87 -17.73 6.14 9.54 1.26 -4.21 186.58 702.26 7.88 13.78
Net Sales Growth(%) -69.76 -65.97 -83.1 112.8 1102.72 -87.58 195.91 -80.74 106.64 -34.83 -25.27
EBIT Growth(%) -53.21 -93.25 236.25 483.78 -40.97 1822.48 -135.55 91.45 1799.62 275.22 -82.6
PAT Growth(%) -53.4 -134.76 240.59 317.53 -31.82 1352.83 -148.81 91.43 1566.5 263.05 -86.55
EPS Growth(%) -53.4 -134.75 240.58 317.66 -31.82 1352.91 -148.81 91.43 1566.61 263.05 -86.55
Debt/Equity(x) 0 0 0 0 0 0 0.04 0 0 0 0
Current Ratio(x) 57.28 150.86 419.28 42.47 8.04 7.28 5.24 49.65 33.31 11.29 15.28
Quick Ratio(x) 45.94 133.36 385.07 35.76 5.35 4.19 4.52 43.58 33.31 11.29 15.28
Interest Cover(x) 1.37 0.15 1.24 26.81 4.34 318.32 -33.98 -5.32 24.38 707.78 49.86
Total Debt/Mcap(x) 0 0 0 0 0 0 0.18 0 0 0 0

Ashirwad Steels &Ind Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 67.57 67.57 69.06 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 32.36 32.36 30.87 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

Pros

  • Stock is trading at 0.6 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Earnings include an other income of Rs. 3 Cr.
  • The company has delivered a poor profit growth of -24% over past five years.

* 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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