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?

Which are the latest news on Ashirwad Steels?

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 17-Mar, Ashirwad Steels & Industries Ltd's stock price is at 22.99, reflecting a minor increase of 0.88%. However, it has significantly declined over various periods, underperforming against the benchmark Sensex and showing reduced investor participation.

As of 17-Mar, Ashirwad Steels & Industries Ltd is experiencing a slight increase in its stock price, currently at 22.99, with a change of 0.2 (0.88%) upward. However, despite this minor rise, the stock has shown a significant decline over various periods. Over the past week, it has decreased by 1.88%, and over the last month, it has fallen by 10.96%. Year-to-date, the stock is down 19.53%, and over the past year, it has dropped 27.32%. <BR><BR>In comparison to the benchmark Sensex, which has gained 2.56% over the past year, Ashirwad Steels has underperformed significantly. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock has underperformed its sector by 2.36% today, while the Steel/Sponge Iron/Pig Iron sector has gained by 3.21%. <BR><BR>Additionally, there has been a notable decline in investor participation, with delivery volume on 16 March falling by 44.76% compared to the 5-day average. This decrease in trading activity suggests a lack of confidence among investors, contributing to the overall downward pressure on the stock despite the current slight uptick.

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 18-Mar, Ashirwad Steels & Industries Ltd's stock price is at 22.97, down -0.09%. The stock has significantly underperformed, with a year-to-date decline of -19.60% and weak fundamentals, including a low return on equity and poor sales growth, contributing to a bearish trend.

As of 18-Mar, Ashirwad Steels & Industries Ltd's stock price is falling, currently at 22.97, reflecting a change of -0.02 (-0.09%). The stock has underperformed significantly in various time frames, with a decline of -5.40% over the past week and -11.65% over the past month, compared to the Sensex, which fell only -0.21% and -8.40%, respectively. Year-to-date, the stock has decreased by -19.60%, while the Sensex has dropped by -9.99%. <BR><BR>The company's long-term fundamentals are weak, evidenced by a -21.73% compound annual growth rate (CAGR) in net sales over the last five years and a poor EBIT to interest ratio of -0.69, indicating difficulties in servicing its debt. Additionally, the return on equity (ROE) is low at 2.01%, suggesting minimal profitability relative to shareholders' funds. The stock's performance has also been disappointing, with a -30.90% return over the past year, while profits have decreased by -8.1%.<BR><BR>Today's trading performance shows that Ashirwad Steels is trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by -62.48% compared to the five-day average. This lack of interest, combined with the company's weak financial indicators and poor performance relative to benchmarks, contributes to the stock's decline.

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 19-Mar, Ashirwad Steels & Industries Ltd's stock price has risen to Rs 24.00, up 4.48%, outperforming its sector despite a broader decline. The stock shows a positive short-term trend, but decreased investor participation may pose challenges for sustained growth.

As of 19-Mar, Ashirwad Steels & Industries Ltd is experiencing a rise in its stock price, currently at Rs 24.00, which reflects an increase of Rs 1.03 or 4.48%. This upward movement is notable as the stock has outperformed its sector by 7.76% today, indicating strong relative performance despite a broader decline in the steel sector, which has fallen by 3.29%. <BR><BR>Additionally, the stock reached an intraday high of Rs 24.39, marking a 6.18% increase at its peak during the trading session. The current price is also higher than both the 5-day and 20-day moving averages, suggesting a short-term positive trend. However, it is important to note that the stock has seen a decrease in investor participation, with delivery volume dropping by 15.27% compared to the 5-day average, which could indicate a potential concern for sustained upward momentum.<BR><BR>Overall, the rise in Ashirwad Steels & Industries Ltd's stock price today can be attributed to its strong performance relative to the sector and positive intraday trading activity, despite some underlying challenges in investor participation and broader market trends.

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 20-Mar, Ashirwad Steels & Industries Ltd's stock is rising with a 0.83% increase, gaining 5.31% over the last two days. Despite this short-term momentum, the stock has a significant year-to-date decline of 15.33% and a 26.59% drop over the past year.

As of 20-Mar, Ashirwad Steels & Industries Ltd's stock price is currently rising, as indicated by a change of 0.2, or 0.83%, in the current price of 24.19. The stock has been gaining for the last two days, with a total return of 5.31% during this period. This upward movement is occurring despite the stock underperforming its sector by 2.11% today and having a year-to-date decline of 15.33%. <BR><BR>In the context of broader market performance, the stock has shown a positive return of 0.79% over the past week, while the benchmark Sensex has slightly declined by 0.04%. Additionally, the steel sector, which includes Ashirwad Steels, has gained by 2.99%, potentially contributing to the stock's recent rise. <BR><BR>However, it is important to note that the stock's performance is mixed when viewed against longer time frames, with a significant decline of 26.59% over the past year. The stock is currently trading higher than its 5-day and 20-day moving averages, but lower than its 50-day, 100-day, and 200-day moving averages, indicating that while there is short-term momentum, it may not yet reflect a longer-term recovery. <BR><BR>Overall, the recent price increase can be attributed to short-term gains and sector performance, despite the stock's overall downward trend in the longer term.

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 23-Mar, Ashirwad Steels & Industries Ltd's stock price is declining, currently at 23.80, with a year-to-date decrease of 16.70% and a significant drop of 27.88% over the past year. Weak fundamentals and decreased investor participation indicate the stock is perceived as a strong sell.

As of 23-Mar, Ashirwad Steels & Industries Ltd's stock price is falling, currently at 23.80, reflecting a decrease of 0.35 or 1.45%. This decline follows a trend reversal after two consecutive days of gains. The stock has underperformed in the long term, with a significant drop of 27.88% over the past year, and a year-to-date decrease of 16.70%. <BR><BR>In comparison to the benchmark Sensex, which has also seen a decline of 14.70% year-to-date, Ashirwad Steels has shown a weaker performance, particularly in the last month with a drop of 4.53% against the Sensex's 12.72% decline. Additionally, the steel sector, in which the company operates, has experienced a downturn of 5.17%. <BR><BR>Investor participation has also decreased, as indicated by a 78.51% drop in delivery volume on March 20 compared to the five-day average. This lack of investor interest, combined with weak long-term fundamentals—such as a -21.73% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -0.69—contributes to the stock's falling price. The company's low return on equity of 2.01% further signifies low profitability, reinforcing the perception of the stock as a strong sell.

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 24-Mar, Ashirwad Steels & Industries Ltd's stock price is declining at 22.90, down 3.78%, due to underperformance against its sector and decreased investor participation. The stock is also trading below its moving averages, indicating a bearish trend amidst a generally positive steel sector.

As of 24-Mar, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at 22.90, which reflects a change of -0.9 or -3.78%. This downward movement is attributed to several factors. The stock has underperformed its sector by -6.25% today and has been on a consecutive decline for the last two days, resulting in a total drop of -5.18% during this period. Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.<BR><BR>Investor participation has also decreased, with delivery volume on 23 March falling by -64.41% compared to the 5-day average, suggesting reduced interest in trading the stock. While the broader steel sector has seen a gain of 2.53%, Ashirwad Steels is not benefiting from this trend, further contributing to its price decline. Overall, these factors indicate a challenging environment for Ashirwad Steels & Industries Ltd, leading to its falling stock price.

Why is Ashirwad Steels & Industries Ltd falling/rising?

As of 25-Mar, Ashirwad Steels & Industries Ltd's stock price is at 22.80, showing a slight increase after two days of decline, but it has underperformed its sector and is trading below key moving averages. Year-to-date, the stock is down 20.20%, with a significant drop of 29.52% over the past year, despite increased investor interest indicated by a rise in delivery volume.

As of 25-Mar, Ashirwad Steels & Industries Ltd is experiencing a slight rise in its stock price, currently at 22.80, with a change of 0.12 (0.53%) upward. This increase comes after two consecutive days of decline, indicating a potential trend reversal. Despite this short-term gain, the stock has underperformed its sector by 2.04% today and is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>In terms of broader performance, the stock has seen a significant decline year-to-date, down 20.20%, and has fallen 29.52% over the past year, while the benchmark Sensex has only decreased by 11.67% and 3.52%, respectively. However, there has been a notable increase in investor participation, with delivery volume rising by 109.32% compared to the 5-day average, suggesting growing interest among investors despite the overall negative trend. Additionally, the steel sector itself has gained by 2.54%, which may contribute to the stock's recent uptick. Overall, while Ashirwad Steels & Industries Ltd is currently rising, it remains in a challenging position relative to both its historical performance and sector benchmarks.