Ashirwad Steels

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 17-Jul, Ashirwad Steels & Industries Ltd's stock price has risen to 21.78, reflecting a 4.71% increase due to heightened investor interest and a trend reversal. However, its long-term outlook is concerning, with a -32.98% return over the past year and weak financial fundamentals.

As of 17-Jul, Ashirwad Steels & Industries Ltd is experiencing a rise in its stock price, currently at 21.78, which reflects an increase of 0.98 or 4.71%. This upward movement can be attributed to several factors. Notably, the stock has outperformed its sector by 4.65% today and has shown a trend reversal after two consecutive days of decline. Additionally, there has been a significant increase in investor participation, with delivery volume on 16 July rising by 267.7% compared to the 5-day average, indicating heightened interest from investors.<BR><BR>Despite this short-term rise, it is important to consider the broader context of the stock's performance. Over the past year, Ashirwad Steels has generated a return of -32.98%, indicating a consistent underperformance against benchmarks. The stock has also shown weak long-term fundamental strength, with a low average Return on Equity (ROE) of 2.15% and poor growth in net sales and operating profit over the last five years. Furthermore, the company's ability to service its debt is weak, as evidenced by a negative EBIT to Interest ratio.<BR><BR>In summary, while the stock is currently rising due to increased investor interest and a short-term trend reversal, its long-term outlook remains concerning due to persistent underperformance and weak financial fundamentals.

Which are the latest news on Ashirwad Steels?

How big is Ashirwad Steels?

As of 10th June, Ashirwad Steels & Industries Ltd has a market capitalization of 32.00 Cr, with recent net sales of 2.23 Cr and a net profit of 2.02 Cr. Shareholder's funds are 83.12 Cr, and total assets are valued at 82.95 Cr as of March 2025.

As of 10th June, Ashirwad Steels & Industries Ltd has a market capitalization of 32.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Ashirwad Steels reported Net Sales of 2.23 Cr and a Net Profit of 2.02 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 83.12 Cr and Total Assets valued at 82.95 Cr.

Who are in the management team of Ashirwad Steels?

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).

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>If you need more information about any specific member or their roles, feel free to ask!

Who are the peers of the Ashirwad Steels?

Peers of Ashirwad Steels include Aryavan Enterpri, Natl. Gen. Inds., Rathi Bars, Unison Metals, Shree Marutinand, Kalana Ispat, and Supreme Engg. Aryavan Enterpri and Shree Marutinand show excellent management and growth, while Ashirwad Steels has below average growth and a 1-year return of -26.89%.

Peers: The peers of Ashirwad Steels are Aryavan Enterpri, Natl. Gen. Inds., Rathi Bars, Unison Metals, Shree Marutinand, Kalana Ispat, and Supreme Engg.<BR><BR>Quality Snapshot: Excellent management risk is observed at Aryavan Enterpri and Shree Marutinand, while Average management risk is found at Ashirwad Steels and the rest. Growth is excellent at Aryavan Enterpri and Shree Marutinand, while below average growth is seen at Ashirwad Steels, Natl. Gen. Inds., Rathi Bars, Unison Metals, Kalana Ispat, and Supreme Engg. For capital structure, good capital structure is noted at Shree Marutinand, average at Aryavan Enterpri and Kalana Ispat, and below average at Ashirwad Steels, Natl. Gen. Inds., Rathi Bars, Unison Metals, and Supreme Engg.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Aryavan Enterpri at 16.28%, while the peer with the lowest is Unison Metals at -63.51%. Ashirwad Steels has a 1-year return of -26.89%, which is better than Unison Metals but worse than Aryavan Enterpri. Additionally, Unison Metals, Rathi Bars, and Shree Marutinand have negative six-month returns.

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 2026, it reported net sales of 1 Cr and a market cap of INR 32 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 profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 32 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 16.00<BR>- Industry P/E: 26<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: -0.01<BR>- Return on Equity: 2.37%<BR>- Price to Book: 0.35<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

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?

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.

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.

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%.

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.

Has Ashirwad Steels declared dividend?

No Dividend History Available