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%.

When is the next results date for Ashirwad Steels?

The next results date for Ashirwad Steels is August 8, 2025.

The next results date for Ashirwad Steels is scheduled for August 8, 2025.

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.

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

The latest results for Ashirwad Steels & Industries Ltd show a mixed performance, with a net profit increase and revenue growth, but heavy reliance on non-operating income raises concerns about sustainability. Overall, the company's financial health is concerning due to low return on equity and negative sales growth.

The latest results for Ashirwad Steels & Industries Ltd present a mixed picture. In Q2 FY26, the company reported a net profit of ₹0.62 crore, which is a 24% increase quarter-over-quarter (QoQ). Additionally, revenue grew to ₹0.48 crore, marking a significant 71.43% increase year-over-year (YoY) and a 20% increase from the previous quarter. The operating margin improved to 41.67%, reflecting a positive trend.<BR><BR>However, these headline figures are somewhat misleading due to the company's heavy reliance on other income, which amounted to ₹0.66 crore in Q2 FY26, overshadowing the operating profit of just ₹0.20 crore. This dependency raises concerns about the sustainability of the company's earnings, as the core operations are not generating consistent profits.<BR><BR>Moreover, the company's return on equity (ROE) remains low at 2.73%, and it has experienced a negative five-year sales growth of -23.13% CAGR. The stock has also underperformed significantly compared to its peers in the steel sector, reflecting deeper operational challenges.<BR><BR>In summary, while there are some positive indicators in the latest results, the overall financial health of Ashirwad Steels is concerning due to its operational weaknesses and reliance on non-operating income. This suggests that the results may not be as good as they initially appear.

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

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 04-Mar, Ashirwad Steels & Industries Ltd's stock price has declined to Rs 22.00, down 3.93%, with a year-to-date drop of 23.00% and a one-year decrease of 32.82%. The stock is trading below all moving averages and is near its 52-week low, indicating a bearish trend amid overall negative market conditions.

As of 04-Mar, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at Rs 22.00, which represents a decrease of Rs 0.9 or 3.93%. This drop can be attributed to several factors reflected in the company's performance metrics. Over the past week, the stock has fallen by 6.74%, which is more than the benchmark Sensex's decline of 3.84%. Additionally, the stock has shown a significant decrease of 18.91% over the past month, compared to a lesser drop of 5.61% in the Sensex during the same period.<BR><BR>Year-to-date, Ashirwad Steels has decreased by 23.00%, while the Sensex has only fallen by 7.16%. The one-year performance shows a stark contrast, with the stock down 32.82% against a positive return of 8.39% for the Sensex. Although the stock has performed positively over a five-year period with a return of 71.07%, the recent trends indicate a troubling trajectory.<BR><BR>Furthermore, the stock is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals bearish sentiment among investors. The sector itself, which includes Steel/Sponge Iron/Pig Iron, has also seen a decline of 4.9%, contributing to the negative sentiment surrounding Ashirwad Steels.<BR><BR>Despite a rise in delivery volume by 65.18% on February 27, indicating increased investor participation, the overall market conditions and the stock's underperformance relative to the benchmark suggest that the stock is currently in a downward trend. The stock is also close to its 52-week low, being only 4.55% away from it, which further reflects the challenges it is facing in the market.

Which are the latest news on Ashirwad Steels?