Ashirwad Steels

how big is Ashirwad Steels?

As of Jun 06, Ashirwad Steels & Industries Ltd has a market capitalization of 41.85 Cr, with net sales of 1.80 Cr and a net profit of 2.30 Cr for the latest four quarters. Shareholder's Funds are 78.38 Cr and Total Assets are 78.14 Cr as of Mar 23.

Market Cap: As of Jun 06, Ashirwad Steels & Industries Ltd has a market capitalization of 41.85 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Ashirwad Steels reported net sales of 1.80 Cr and a net profit of 2.30 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: The balance sheet data is Standalone and pertains to the latest annual period ending in Mar 23. Shareholder's Funds are reported at 78.38 Cr, while Total Assets amount to 78.14 Cr.

What does Ashirwad Steels do?

Ashirwad Steels & Industries Ltd is a micro-cap company based in Kolkata, primarily manufacturing sponge iron and hydrocarbon gas. As of March 2025, it reported net sales and profit of 1 Cr each, with a market cap of Rs 43 Cr.

Overview:<BR>Ashirwad Steels & Industries Ltd operates in the Iron & Steel Products industry as a micro-cap company, primarily manufacturing sponge iron and hydrocarbon gas.<BR><BR>History:<BR>The company was incorporated on February 2, 1986, in Kolkata, West Bengal. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap: Rs 43 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 18.00<BR>- Industry P/E: 33<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: -0.01<BR>- Return on Equity: 2.77%<BR>- Price to Book: 0.50<BR><BR>Contact Details:<BR>Address: 6 Waterloo Street, 5th Floor Suit No 506 Kolkata West Bengal : 700069<BR>Tel: 91-033-22430372/76<BR>Email: ashirwadsteels@gmail.com<BR>Website: http://www.ashirwadsteels.com

Has Ashirwad Steels declared dividend?

No Dividend History Available

Who are the peers of the Ashirwad Steels?

Peers of Ashirwad Steels include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Pradhin, Earthstahl &All., Shree Marutinand, and Precision Metal. Ashirwad Steels has average management risk, below average growth, and a 1-year return of -30.17%.

Peers: The peers of Ashirwad Steels are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Pradhin, Earthstahl &All., Shree Marutinand, and Precision Metal.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, Earthstahl &All., and Shree Marutinand. Average management risk is present at Jindal Saw and Ashirwad Steels, while Below Average management risk is noted at Pradhin and Precision Metal. Excellent growth is seen at APL Apollo Tubes and Shree Marutinand, while Good growth is observed at Pradhin. Average growth is found at Shyam Metalics and Ratnamani Metals, and Below Average growth is noted at Welspun Corp, Jindal Saw, Ashirwad Steels, Earthstahl &All., and Precision Metal. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is seen at Welspun Corp and Earthstahl &All. Average capital structure is noted at Pradhin, while Below Average capital structure is found at Jindal Saw, Ashirwad Steels, and Shree Marutinand.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.56%, while the peer with the lowest is Pradhin at -74.79%. Ashirwad Steels has a 1-year return of -30.17%, which is higher than Pradhin but lower than Welspun Corp. Additionally, the six-month return is negative for Jindal Saw, Ashirwad Steels, Pradhin, Earthstahl &All., Shree Marutinand, and Ratnamani Metals.

Is Ashirwad Steels overvalued or undervalued?

As of February 13, 2024, Ashirwad Steels is considered very expensive and overvalued with a PE ratio of 18.20 and an EV to EBITDA ratio of 41.39, significantly lagging behind peers like JSW Steel and Tata Steel, and has a year-to-date return of -23.14% compared to the Sensex's 5.62%.

As of 13 February 2024, the valuation grade for Ashirwad Steels has moved from does not qualify to very expensive. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of 18.20, an EV to EBITDA ratio of 41.39, and a ROE of 2.77%. <BR><BR>In comparison to its peers, Ashirwad Steels' PE ratio is significantly lower than that of JSW Steel, which has a PE of 64.98, and Tata Steel, which boasts a PE of 51.92. The high EV to EBITDA ratio of 41.39 also suggests that the company is trading at a premium compared to its competitors. Despite a strong historical performance over the long term, recent stock performance has lagged behind the Sensex, particularly with a YTD return of -23.14% compared to the Sensex's 5.62%.

What is the technical trend for Ashirwad Steels?

As of May 16, 2025, Ashirwad Steels shows a mildly bearish trend overall, with daily moving averages indicating bearishness, while mixed signals from weekly and monthly indicators suggest a cautious approach.

As of 16 May 2025, the technical trend for Ashirwad Steels has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend, while the weekly MACD and KST show a mildly bullish signal. However, the monthly MACD and KST are mildly bearish, and both the weekly and monthly Bollinger Bands confirm a bearish outlook. The Dow Theory indicates a mildly bullish trend on the weekly chart but shows no trend on the monthly. Overall, the mixed signals suggest a cautious approach, with the bearish indicators outweighing the bullish ones in the current context.

Who are in the management team of Ashirwad Steels?

As of March 2022, the management team of Ashirwad Steels includes Puranmal Agarwal (Director), Dalbir Chhibbar (Managing Director), Sushma Chhibbar (Director), Vishesh Chhibbar (Executive Director), Neeraj Chhabra (Independent Director), Baninder Singh Sahni (Chairman & Independent Director), and Sonal Agarwal (Company Secretary & Compliance Officer), with Dalbir Chhibbar earning a remuneration of 38.0 lacs INR.

As of March 2022, the management team of Ashirwad Steels includes the following individuals:<BR><BR>1. Puranmal Agarwal - Director<BR>2. Dalbir Chhibbar - Managing Director<BR>3. Sushma Chhibbar - Director<BR>4. Vishesh Chhibbar - Executive Director<BR>5. Neeraj Chhabra - Independent Director<BR>6. Baninder Singh Sahni - Chairman & Independent Director<BR>7. Sonal Agarwal - Company Secretary & Compliance Officer<BR><BR>Dalbir Chhibbar is the only member with a specified remuneration, which is 38.0 lacs INR.

Who are the top shareholders of the Ashirwad Steels?

The top shareholders of Ashirwad Steels include Sohini Suppliers Private Limited with 18.69%, individual investors with 18.75%, and Ravi Business Services Pvt. Ltd. as the highest public shareholder at 3.3%. There are no pledged promoter holdings or foreign institutional investors involved.

The top shareholders of Ashirwad Steels are primarily the promoters, with Sohini Suppliers Private Limited holding the largest stake at 18.69%. Individual investors collectively own 18.75% of the shares. The highest public shareholder is Ravi Business Services Pvt. Ltd., which holds 3.3%. There are currently no pledged promoter holdings, and the company does not have any foreign institutional investors (FIIs) involved. Additionally, there is one mutual fund scheme that holds a small percentage of 0.07%.

How has been the historical performance of Ashirwad Steels?

Ashirwad Steels has experienced significant fluctuations in financial performance, with net sales declining from 8.18 Cr in Mar'20 to 1.80 Cr by Mar'25, while operating profit improved from a loss of -6.06 Cr to a profit of 3.17 Cr in the same period. Despite challenges in revenue generation, the company has shown a recovery in profitability metrics recently.

Answer:<BR>The historical performance of Ashirwad Steels shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Ashirwad Steels' net sales have varied, peaking at 8.18 Cr in Mar'20 and declining to 1.80 Cr by Mar'25. Total operating income followed a similar trend, with a high of 8.18 Cr in Mar'20 and a decrease to 1.80 Cr in Mar'25. The company experienced substantial losses in operating profit, reaching a low of -6.06 Cr in Mar'20, but improved to a profit of 3.17 Cr by Mar'25. Profit before tax also showed volatility, with a peak of 18.66 Cr in Mar'23 and a drop to 3.10 Cr in Mar'25. Profit after tax mirrored this trend, decreasing from 16.77 Cr in Mar'23 to 2.30 Cr in Mar'25. The company's total assets increased from 58.77 Cr in Mar'20 to 82.95 Cr in Mar'25, while total liabilities rose from 58.77 Cr to 82.95 Cr in the same period. Cash flow from operating activities fluctuated, with a notable decline to -4.00 Cr in Mar'25, contrasting with a positive cash flow of 16.00 Cr in Mar'23. Overall, Ashirwad Steels has shown a recovery in profitability metrics in recent years, despite the challenges faced in revenue generation.

When is the next results date for Ashirwad Steels & Industries Ltd?

The next results date for Ashirwad Steels & Industries Ltd is 22 May 2026.

The next results date for Ashirwad Steels & Industries Ltd is scheduled for 22 May 2026.

Are Ashirwad Steels & Industries Ltd latest results good or bad?

The latest results for Ashirwad Steels & Industries Ltd show a mixed performance, with a sequential profit increase but a significant year-over-year decline in both net profit and sales. Overall, the results indicate more challenges than improvements, raising concerns about the company's long-term operational sustainability.

The latest results for Ashirwad Steels & Industries Ltd present a mixed picture. On one hand, the company reported a sequential improvement in net profit, which increased by 4.55% to ₹0.46 crores in Q4 FY26, and a significant 50% rise in net sales to ₹0.81 crores compared to the previous quarter. However, these figures are concerning when viewed in the context of year-over-year performance. The net profit has declined by 36.11% and net sales are down 2.41% compared to the same quarter last year.<BR><BR>Moreover, the operating margin, while improving sequentially to 33.33%, has decreased significantly by 18.48 percentage points year-over-year. The company is heavily reliant on other income, which accounted for nearly 46% of total revenue in the latest quarter, raising questions about the sustainability of its core operations.<BR><BR>Overall, while there are signs of short-term improvement, the long-term trends indicate significant challenges. The company has struggled with revenue generation and operational efficiency, leading to a notable underperformance compared to its peers in the iron and steel sector. Thus, the latest results can be viewed as more bad than good, reflecting ongoing operational difficulties.

Should I buy, sell or hold Ashirwad Steels & Industries Ltd?

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 02-Jun, Ashirwad Steels & Industries Ltd's stock is at 24.56, down 2.77%, underperforming its sector and showing a year-to-date decline of 14.04%. Despite increased investor participation, the stock's mixed moving averages and negative sentiment indicate ongoing challenges.

As of 02-Jun, Ashirwad Steels & Industries Ltd's stock price is falling, currently at 24.56, reflecting a decrease of 0.7 or 2.77%. This decline is evident in its performance today, where it underperformed its sector by 3.3%. Over the past week, the stock has decreased by 1.21%, and it has shown a more significant drop of 14.04% year-to-date, compared to a 12.40% decline in the Sensex. <BR><BR>In terms of moving averages, the stock is higher than the 50-day moving average but lower than the 5-day, 20-day, 100-day, and 200-day moving averages, indicating a mixed trend in short-term performance. Despite a rise in investor participation, with delivery volume increasing by 11.55% against the 5-day average, the overall sentiment appears negative, contributing to the stock's downward movement. The stock has also underperformed significantly over the past year, with a decline of 26.62%, while the benchmark Sensex has only decreased by 8.26% during the same period.

Which are the latest news on Ashirwad Steels?