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Nova Iron & Steel Overview

Nova Iron & Steel Ltd., incorporated in 1989, is a company that has established itself in the manufacturing and trading of iron and steel, metals, securities, and natural resources. Company operates from plant in Dagori, Chhattisgarh, where it manufactures sponge iron with an installed capacity of 1.50 MTPA, which is used for manufacturing primary steel products. Company origins trace back to commitment to contributing to India’s burgeoning infrastructure. Over the years, Nova Iron & Steel Ltd. has expanded services to meet growing dema...Read More

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Nova Iron & Steel Key Financials

Market Cap ₹46 Cr.

Stock P/E 0.3

P/B -2.1

Current Price ₹12.6

Book Value ₹ -6.1

Face Value 10

52W High ₹16.9

Dividend Yield 0%

52W Low ₹ 10.5

Nova Iron & Steel Share Price

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Volume
Price

Nova Iron & Steel Quarterly Price

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Nova Iron & Steel Peer Comparison

Nova Iron & Steel Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 122 113 146 125 99 98 95 113 108 110
Other Income 1 4 -2 1 1 0 0 0 0 0
Total Income 123 117 144 126 100 98 95 113 108 110
Total Expenditure 123 107 154 111 101 95 101 105 109 111
Operating Profit -0 10 -9 15 -0 3 -5 8 -1 -1
Interest 3 3 15 4 4 3 1 1 3 5
Depreciation 11 11 11 5 5 5 5 4 6 6
Exceptional Income / Expenses 0 0 -65 -2 0 0 160 0 9 0
Profit Before Tax -15 -5 -101 4 -9 -5 149 2 -1 -12
Provision for Tax -1 0 -33 0 0 0 -9 0 0 0
Profit After Tax -14 -5 -68 4 -9 -5 158 2 -1 -12
Adjustments 0 0 0 -0 0 0 -0 0 0 0
Profit After Adjustments -14 -5 -68 4 -9 -5 158 2 -1 -12
Adjusted Earnings Per Share -4 -1.3 -18.8 1.2 -2.4 -1.3 43.7 0.6 -0.3 -3.3

Nova Iron & Steel Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9 16 53 20 4 52 345 605 698 564 417 426
Other Income 0 0 0 2 2 3 7 8 4 5 3 0
Total Income 9 16 53 21 5 55 352 614 702 569 420 426
Total Expenditure 10 15 43 11 7 89 337 590 672 561 408 426
Operating Profit -0 1 11 10 -2 -34 14 24 30 8 12 1
Interest 6 6 7 7 0 0 1 25 17 25 11 10
Depreciation 2 1 1 1 1 7 9 10 10 45 19 21
Exceptional Income / Expenses 6 2 0 0 4 0 0 0 1 -65 158 169
Profit Before Tax -2 -4 3 2 1 -41 5 -11 3 -127 140 138
Provision for Tax -0 0 0 -0 0 10 17 4 5 -34 -9 -9
Profit After Tax -2 -4 3 2 1 -52 -12 -15 -2 -94 149 147
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -2 -4 3 2 1 -52 -12 -15 -2 -94 149 147
Adjusted Earnings Per Share -0.6 -1.2 0.7 0.6 0.2 -14.3 -3.3 -4.1 -0.5 -26 41.2 40.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -26% -12% 52% 47%
Operating Profit CAGR 50% -21% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% 9% -2% 7%
ROE Average 0% 0% 0% -118%
ROCE Average 64% 10% 8% 3%

Nova Iron & Steel Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 29 24 26 29 30 -22 -33 -49 -53 -160 -11
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 162 313 319 152
Other Non-Current Liabilities 10 7 8 7 3 17 35 40 39 5 -1
Total Current Liabilities 234 283 284 322 432 425 487 385 200 132 160
Total Liabilities 272 314 319 358 465 419 488 538 499 295 299
Fixed Assets 62 64 63 62 61 380 372 361 361 176 143
Other Non-Current Assets 188 211 242 275 326 4 6 7 16 43 94
Total Current Assets 22 39 14 20 78 35 111 170 122 77 62
Total Assets 272 314 319 358 465 419 488 538 499 295 299

Nova Iron & Steel Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 0 1 0 0 0 1 1 1 3
Cash Flow from Operating Activities 1 13 33 -3 -48 9 18 3 18 -10 36
Cash Flow from Investing Activities -88 -28 -31 -32 -50 -4 -0 1 -1 -31 -36
Cash Flow from Financing Activities 88 15 -2 35 99 -6 -17 -4 -17 44 -1
Net Cash Inflow / Outflow -0 0 0 -0 0 -0 1 0 -0 2 -2
Closing Cash & Cash Equivalent 0 0 1 0 0 0 1 1 1 3 1

Nova Iron & Steel Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.55 -1.23 0.71 0.63 0.17 -14.26 -3.3 -4.09 -0.5 -25.96 41.17
CEPS(Rs) -0.08 -0.86 1.04 0.91 0.42 -12.23 -0.88 -1.34 2.25 -13.47 46.56
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 7.91 6.59 7.3 8.15 8.34 -6.14 -9.16 -13.44 -14.58 -44.34 -3.13
Core EBITDA Margin(%) -5.08 5.98 18.29 43.12 -92.87 -70.74 2.26 2.6 3.67 0.45 2.22
EBIT Margin(%) 41.96 10.81 16.48 46.04 28.95 -78.97 1.67 2.35 2.97 -18.24 36.17
Pre Tax Margin(%) -22.4 -24.58 4.73 11.54 18.59 -79.34 1.5 -1.77 0.49 -22.61 33.52
PAT Margin (%) -21.31 -26.12 4.52 11.58 17.24 -98.72 -3.45 -2.44 -0.26 -16.64 35.69
Cash Profit Margin (%) -3.19 -18.33 6.61 16.75 42.41 -84.69 -0.93 -0.8 1.16 -8.63 40.36
ROA(%) -0.89 -1.52 0.81 0.67 0.15 -11.65 -2.63 -2.88 -0.35 -23.62 50.02
ROE(%) -6.74 -16.96 10.22 8.16 2.09 -1295.73 0 0 0 0 0
ROCE(%) 2.54 0.88 4.24 3.67 0.33 -12.21 1.97 5.06 7.38 -39.95 63.82
Receivable days 0 0.06 0.74 80.27 582.72 20.5 3.25 1.2 0.37 6.93 14.1
Inventory Days 398.57 447.85 110.68 92.85 2221.48 164.01 39.99 56.65 51.72 31.91 18.76
Payable days 1519.48 496.63 91.27 747.85 0 325.82 133.45 90.36 67.29 52.62 52.55
PER(x) 0 0 16.61 10.71 28.31 0 0 0 0 0 0.32
Price/Book(x) 1.01 1.03 1.62 0.83 0.58 -0.37 -0.75 -0.62 0 -0.54 -4.18
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 21.93 13.91 4.5 13.44 98.58 6.46 0.97 0.59 0.52 0.85 0.7
EV/Core EBITDA(x) -685.58 191.24 22.75 26.16 -210.82 -9.96 23.15 14.92 12.3 62.24 24.06
Net Sales Growth(%) -82.85 70.97 241.59 -63.19 -81.61 1347.56 560.47 75.57 15.31 -19.24 -26.05
EBIT Growth(%) -75.65 -53.12 408.65 -3.19 -88.48 -4049.2 113.98 146.67 45.6 -596.81 246.62
PAT Growth(%) -128.57 -123.1 157.75 -11.25 -72.71 -8390.45 76.89 -24.09 87.87 -5130.05 258.63
EPS Growth(%) -128.57 -123.11 157.75 -11.25 -72.72 -8391.16 76.89 -24.09 87.87 -5130.04 258.63
Debt/Equity(x) 6 8.09 7.49 8.12 11.22 -14.83 -9.41 -6.83 -6.28 -2.48 -21.86
Current Ratio(x) 0.09 0.14 0.05 0.06 0.18 0.08 0.23 0.44 0.61 0.58 0.39
Quick Ratio(x) 0.04 0.04 0.03 0.05 0.09 0.07 0.09 0.13 0.22 0.43 0.24
Interest Cover(x) 0.65 0.31 1.4 1.33 2.79 -210.74 9.85 0.57 1.2 -4.18 13.64
Total Debt/Mcap(x) 5.97 7.87 4.64 9.81 19.22 39.79 12.56 11.1 0 4.58 5.23

Nova Iron & Steel Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 44.16 44.16 44.16 44.16 44.16 44.16 44.16 44.16 44.16 44.16
FII 0 0 0 0 0 0 0 0 0 0
DII 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32
Public 54.52 54.52 54.52 54.52 54.52 54.52 54.52 54.52 54.52 54.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Nova Iron & Steel News

Nova Iron & Steel Pros & Cons

Pros

  • Stock is trading at -2.1 times its book value
  • Debtor days have improved from 52.62 to 52.55days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.16%.
  • Company has a low return on equity of 0% over the last 3 years.
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