Nova Iron &Steel

Why is Nova Iron & Steel Ltd falling/rising?

As of 09-Jun, Nova Iron & Steel Ltd's stock price is currently at 12.00, reflecting a recent upward trend but mixed performance over longer periods, including a decline in investor participation. Despite a short-term gain, the stock has decreased over the past month and year, indicating potential challenges in sustaining momentum.

As of 09-Jun, Nova Iron & Steel Ltd's stock price is rising, currently at 12.00, with a change of 0.19 (1.61%) upward. The stock has been gaining for the last two days, reflecting a total increase of 2.92% during this period. Additionally, it has outperformed the sector by 2.99% today. <BR><BR>Despite this recent rise, the stock has shown mixed performance over longer periods. Over the past week, it has remained flat at +0.00%, while it has decreased by 3.30% over the past month and 8.75% year-to-date. However, the stock's performance over the last three years has been positive at +1.01%, contrasting with a significant decline of 13.11% over the past year.<BR><BR>It is important to note that while the stock is currently rising, there is a decline in investor participation, as evidenced by a 43.23% drop in delivery volume compared to the five-day average. This suggests that while the stock is experiencing a short-term gain, overall investor interest may be waning. The stock's current price is higher than its five-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential struggle to maintain upward momentum in the longer term.

Which are the latest news on Nova Iron &Steel?

Are Nova Iron & Steel Ltd latest results good or bad?

Nova Iron & Steel Ltd's latest Q3 FY26 results are concerning, showing a net loss of ₹11.77 crores, a significant decline from the previous quarter. The company faces negative operating margins and worsening profitability, indicating a troubling financial outlook.

Nova Iron & Steel Ltd's latest results for Q3 FY26 indicate a troubling financial situation. The company reported a net loss of ₹11.77 crores, which is a significant deterioration compared to the previous quarter's loss of ₹1.06 crores, marking a staggering 1,010% decline in profitability. While revenue saw a slight increase of 1.65% quarter-on-quarter to ₹109.82 crores, this growth is overshadowed by the expanding losses and negative operating margins.<BR><BR>The operating margin fell to -1.14%, which means the company is losing money on its core operations. Additionally, the profit after tax (PAT) margin also worsened to -10.72%, indicating that nearly 11% of the revenue is being lost. This performance is particularly concerning as it represents the worst quarterly outcome in recent history for the company.<BR><BR>Overall, the financial health of Nova Iron & Steel appears to be in decline, with significant operational challenges and a negative book value per share of ₹8.15. The company's inability to generate positive earnings and the increasing burden of interest costs further exacerbate its situation. Given these factors, the latest results can be classified as bad, reflecting serious concerns about the company's future viability.

Should I buy, sell or hold Nova Iron & Steel Ltd?

When is the next results date for Nova Iron & Steel Ltd?

The next results date for Nova Iron & Steel Ltd is 26 February 2026.

The next results date for Nova Iron & Steel Ltd is scheduled for 26 February 2026.

How has been the historical performance of Nova Iron &Steel?

Nova Iron & Steel faced significant financial challenges in the fiscal year ending March 2016, reporting a net loss of -6.48 crore and a negative cash flow from operations of -2.00 crore, with total liabilities and assets both at 314.32 crore. The company's profit margins were notably negative, indicating a period of financial distress.

Answer:<BR>The historical performance of Nova Iron & Steel shows a challenging financial landscape, particularly in the fiscal year ending March 2016.<BR><BR>Breakdown:<BR>In March 2016, Nova Iron & Steel reported net sales of 11.59 crore and other operating income of 4.00 crore, leading to a total operating income of 15.59 crore. The company's total expenditure, excluding depreciation, was 14.58 crore, resulting in an operating profit (PBDIT) of 1.01 crore, which increased to 1.13 crore when including other income. However, the company faced significant interest expenses of 6.01 crore, leading to a gross profit (PBDT) of -4.89 crore and a profit before tax of -6.21 crore. After accounting for tax and other adjustments, the profit after tax stood at -6.48 crore, culminating in a consolidated net profit of -4.45 crore. The earnings per share (EPS) were reported at -1.23, with a diluted EPS of -1.79. The operating profit margin, excluding other income, was 6.47%, while the profit after tax margin was notably negative at -41.54%. On the balance sheet, the total liabilities increased to 314.32 crore, with total assets also rising to 314.32 crore, reflecting a challenging financial position. The cash flow from operating activities was negative at -2.00 crore, indicating difficulties in generating cash from core operations. Overall, the performance metrics highlight a period of financial distress for Nova Iron & Steel during this fiscal year.

What does Nova Iron &Steel do?

Nova Iron & Steel Ltd manufactures sponge iron and steel, categorized as a Micro Cap company. As of March 2025, it reported net sales of 947 Cr and a net profit of 1,579 Cr.

Overview: <BR>Nova Iron & Steel Ltd is engaged in the manufacture of sponge iron and steel, operating within the Iron & Steel Products industry and categorized as a Micro Cap company.<BR><BR>History: <BR>The company was incorporated in 1986 and is promoted by Nova Magnetics, Nova Electro-Magnetics, and Nova Steels, all associated with R K Gambhir and G K Gambhir of the Nova group. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>- Net Sales: 947 Cr (Quarterly Results - Mar 2025) <BR>- Net Profit: 1,579 Cr (Quarterly Results - Mar 2025) <BR>- Market cap: INR 54 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>- P/E: N/A <BR>- Industry P/E: 264 <BR>- Dividend Yield: 0.00% <BR>- Debt Equity: -2.54 <BR>- Return on Equity: 5.97% <BR>- Price to Book: -0.35 <BR><BR>Contact Details: <BR>Address: Village Dagori, Tehsil Belha Bilaspur Chattisgarh : 495224 <BR>Tel: 91-77-52285217 <BR>Email: rai_nisl2007@yahoo.com <BR>Website: http://www.novaironsteel.com

Who are the top shareholders of the Nova Iron &Steel?

The top shareholders of Nova Iron & Steel are Bhushan Power And Steel Ltd at 25.65%, followed by promoter Aniket Singal with 12.02%. Individual investors hold 23.77%, while mutual funds own 1.32%, and there are no foreign institutional investors or pledged promoter holdings.

The top shareholders of Nova Iron & Steel include Bhushan Power And Steel Ltd, which holds the largest public share at 25.65%. The promoter with the highest individual holding is Aniket Singal, who owns 12.02% of the company. Additionally, individual investors collectively hold 23.77% of the shares. There are also 10 mutual fund schemes that hold a combined 1.32%, while there are currently no foreign institutional investors (FIIs) involved. Notably, there are no pledged promoter holdings.

Who are in the management team of Nova Iron &Steel?

As of March 2023, the management team of Nova Iron & Steel includes Hardev Chand Verma (Chairman & Wholetime Director), Dinesh Kumar Yadav, Sumiran Aggarwal, Suraj Prakash Choudhary (all Independent Non-Executive Directors), and Palak Garg (Independent Director). They oversee the company's strategic direction and governance.

As of March 2023, the management team of Nova Iron & Steel includes the following individuals:<BR><BR>1. Hardev Chand Verma - Chairman & Wholetime Director<BR>2. Dinesh Kumar Yadav - Independent Non-Executive Director<BR>3. Sumiran Aggarwal - Independent Non-Executive Director<BR>4. Suraj Prakash Choudhary - Independent Non-Executive Director<BR>5. Palak Garg - Independent Director<BR><BR>This team is responsible for overseeing the company's strategic direction and governance.

Is Nova Iron &Steel overvalued or undervalued?

As of July 26, 2023, Nova Iron & Steel is rated as risky due to its unfavorable financial metrics, including a PE ratio of -5.22 and a significant decline in stock price by 43.63% over the past year, indicating it is overvalued compared to its peers.

As of 26 July 2023, the valuation grade for Nova Iron & Steel has moved from does not qualify to risky, indicating increased concerns regarding its financial health. The company appears to be overvalued, with a PE ratio of -5.22, a Price to Book Value of -0.33, and an EV to EBITDA ratio of 57.04, which are significantly unfavorable compared to industry norms. <BR><BR>In comparison to peers, National Standard is categorized as very expensive with a PE ratio of 443.53, while Azad India is also risky with a PE ratio of 515.06. Notably, Nova Iron & Steel's financial metrics suggest it is underperforming relative to its peers, as evidenced by its negative ROE and the high EV to EBITDA ratio. Furthermore, the company's stock has underperformed the Sensex, particularly over the past year, where it has declined by 43.63% compared to the Sensex's 7.65% increase, reinforcing the notion of overvaluation.

What is the technical trend for Nova Iron &Steel?

As of June 6, 2025, Nova Iron & Steel's technical trend is mildly bearish, with mixed signals from the MACD and KST, while daily and weekly indicators suggest a lack of upward momentum.

As of 6 June 2025, the technical trend for Nova Iron & Steel has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The Bollinger Bands and moving averages on the daily and weekly time frames are both mildly bearish, suggesting a lack of upward momentum. The KST shows a mildly bullish signal on the weekly but is bearish on the monthly, indicating mixed signals. The Dow Theory reflects a mildly bearish trend on the weekly, with no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and Bollinger Bands.

how big is Nova Iron &Steel?

As of Jun 06, Nova Iron & Steel Ltd has a market capitalization of 51.00 Cr, classifying it as a Micro Cap company, with recent net sales of 468.64 Cr and a net profit of -77.13 Cr.

Market Cap: As of Jun 06, Nova Iron & Steel Ltd has a market capitalization of 51.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest 4 quarters, the company reported Net Sales of 468.64 Cr and a Net Profit of -77.13 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: The Balance Sheet data is Consolidated and pertains to the reporting period of Mar'18. The Shareholder's Funds are valued at 29.47 Cr, while Total Assets amount to 357.66 Cr.

Has Nova Iron &Steel declared dividend?

No Dividend History Available

Who are the peers of the Nova Iron &Steel?

Nova Iron & Steel's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others, with varying management risks and growth rates. Welspun Corp leads in 1-year returns at 68.56%, while Nova Iron & Steel's return is -44.78%.

Peers: The peers of Nova Iron &Steel are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Acrow India, Ashirwad Steels, Pradhin, and Newmalayalam.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals. Average management risk is noted for Jindal Saw and Ashirwad Steels, and Below Average management risk is seen at Acrow India, Pradhin, Newmalayalam, and the rest. Excellent growth is attributed to APL Apollo Tubes and Pradhin, Average growth is found at Shyam Metalics and Acrow India, while Below Average growth is noted for Welspun Corp, Jindal Saw, Ashirwad Steels, and the rest. Capital Structure is Excellent for APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, Good for Welspun Corp, Average for Pradhin, and Below Average for Acrow India, Ashirwad Steels, Jindal Saw, Newmalayalam, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.56%, while the lowest is Pradhin at -74.79%. Nova Iron &Steel's 1-year return is -44.78%, which is higher than Pradhin's but lower than Welspun Corp's. Additionally, the six-month return is negative for Jindal Saw, Ratnamani Metals, Ashirwad Steels, Pradhin, and Acrow India.