Ashirwad Steels

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 01-Sep, Ashirwad Steels & Industries Ltd is experiencing a stock price decline to 23.31, down 3.84%. This drop is due to poor financial fundamentals, recent underperformance against its sector, and a potential trend reversal after prior gains.

As of 01-Sep, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at 23.31, which reflects a change of -0.93 or -3.84%. This downward movement can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has underperformed its sector by 4.01% today and has fallen after three consecutive days of gains, indicating a potential trend reversal. Additionally, while the stock's moving averages are higher than the 5-day, 20-day, and 50-day averages, they remain lower than the 100-day and 200-day moving averages, suggesting a lack of strong upward momentum.<BR><BR>Moreover, the stock has shown poor long-term performance, with a year-to-date decline of 18.41% and a one-year return of -20.55%. This is compounded by weak fundamental strength, as evidenced by an average Return on Equity (ROE) of only 2.15% and a concerning EBIT to Interest ratio of -0.33, indicating difficulties in servicing debt. The company's operating profit growth rate of 17.13% over the last five years is also considered inadequate.<BR><BR>Furthermore, the stock is trading at a premium compared to its peers, with a Price to Book Value of 0.3, which is viewed as very expensive given its low ROE of 2.4. The flat results reported in June and the overall below-par performance in both the long-term and near-term further contribute to the stock's decline.<BR><BR>In summary, the combination of poor financial fundamentals, recent underperformance relative to the sector, and a trend reversal after previous gains are key reasons for the falling stock price of Ashirwad Steels & Industries Ltd.

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 have any more questions about the company or its operations, feel free to ask!

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 June 2026, it reported net sales and net profit of 1 Cr, with a market cap of INR 30 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 June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 1 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 30 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 15.00 <BR>Industry P/E: 25 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.01 <BR>Return on Equity: 2.38% <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

Who are the peers of the Ashirwad Steels?

Peers of Ashirwad Steels include Metal Coatings, Umiya Tubes, Natl. Gen. Inds., Inducto Steel, Rathi Bars, Unison Metals, and Kalana Ispat. Ashirwad Steels has average management risk and a 1-year return of -14.47%, better than Rathi Bars but worse than Inducto Steel's 13.17%.

Peers: The peers of Ashirwad Steels are Metal Coatings, Umiya Tubes, Natl. Gen. Inds., Inducto Steel, Rathi Bars, Unison Metals, and Kalana Ispat.<BR><BR>Quality Snapshot: Excellent management risk is observed at Metal Coatings, while Average management risk is found at Ashirwad Steels and the rest. Below Average management risk is noted for Umiya Tubes, Natl. Gen. Inds., Inducto Steel, Rathi Bars, Unison Metals, and Kalana Ispat. Growth is rated as Good for Inducto Steel, Average for Umiya Tubes, and Below Average for Ashirwad Steels, Natl. Gen. Inds., Rathi Bars, Unison Metals, and Kalana Ispat. Capital Structure is rated as Good for Metal Coatings, Average for Kalana Ispat, and Below Average for Ashirwad Steels, Umiya Tubes, Natl. Gen. Inds., Inducto Steel, Rathi Bars, and Unison Metals.<BR><BR>Return Snapshot: Inducto Steel has the highest 1-year return at 13.17%, while Rathi Bars has the lowest at -46.68%. Ashirwad Steels' 1-year return of -14.47% is better than Rathi Bars but worse than Inducto Steel. Additionally, several peers, including Umiya Tubes, Rathi Bars, Unison Metals, and Kalana Ispat, have negative six-month returns.

How big is Ashirwad Steels?

As of 31st August, Ashirwad Steels & Industries Ltd has a market capitalization of 30.00 Cr, classifying it as a Micro Cap company, with recent net sales of 2.37 Cr and net profit of 2.03 Cr over the last four quarters.

As of 31st August, <BR><BR>Market Cap: Ashirwad Steels & Industries Ltd has a market capitalization of 30.00 Cr, classifying it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 2.37 Cr, while the sum of Net Profit for the same period is 2.03 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2026, with Shareholder's Funds amounting to 85.13 Cr and Total Assets totaling 84.96 Cr.

Which are the latest news on Ashirwad Steels?

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 August 7, 2026.

The next results date for Ashirwad Steels & Industries Ltd is scheduled for August 7, 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.

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