Nova Iron &Steel

Why is Nova Iron & Steel Ltd falling/rising?

As of 11-Aug, Nova Iron & Steel Ltd's stock price is 12.46, down 0.32%, and has underperformed its sector by 1.34%. The stock has seen a 1.89% decline over three days, with a significant drop in delivery volume indicating waning investor interest.

As of 11-Aug, Nova Iron & Steel Ltd's stock price is currently at 12.46, reflecting a decrease of 0.04 or 0.32%. The stock has been underperforming relative to the sector, with a performance today that is 1.34% lower than its peers. Additionally, the stock has experienced a consecutive decline over the last three days, resulting in a total drop of 1.89% during this period.<BR><BR>Investor participation appears to be waning, as evidenced by a significant decrease in delivery volume, which fell by 49.72% compared to the 5-day average. This decline in trading activity may indicate reduced interest from investors. Furthermore, while the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average, suggesting a longer-term downward trend.<BR><BR>Overall, the combination of recent price declines, reduced investor participation, and underperformance against the sector contributes to the current falling stock price of Nova Iron & Steel Ltd.

Which are the latest news on Nova Iron &Steel?

How big is Nova Iron &Steel?

As of 10th June, Nova Iron & Steel Ltd has a market capitalization of 43.00 Cr, with recent net sales of 425.54 Cr and net profit of 147.26 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Nova Iron & Steel Ltd has a market capitalization of 43.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 425.54 Cr, while the sum of Net Profit for the same period is 147.26 Cr.<BR><BR>Balance Sheet Snapshot: The latest reporting period for the balance sheet is March 2018. Shareholder's Funds are valued at 29.47 Cr, and Total Assets amount to 357.66 Cr.

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

The management team of Nova Iron & Steel includes Hardev Chand Verma (Chairman & Wholetime Director), Dinesh Kumar Yadav, Sumiran Aggarwal, Suraj Prakash Choudhary, and Palak Garg (all Independent Non-Executive Directors). They are responsible for overseeing the company's operations and strategic direction.

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 plays a crucial role in overseeing the company's operations and strategic direction. If you need more specific information about their roles or contributions, feel free to ask!

Who are the peers of the Nova Iron &Steel?

Peers of Nova Iron & Steel include Umiya Tubes, Metal Coatings, Natl. Gen. Inds., Newmalayalam St., Swastik Pipe, and Abha Power, with Umiya Tubes showing the highest 1-year return at 137.71% and Metal Coatings the lowest at -23.89%. Nova Iron & Steel's 1-year return is -14.81%, better than Metal Coatings but worse than Umiya Tubes.

Peers: The peers of Nova Iron &Steel are Umiya Tubes, Metal Coatings, Natl. Gen. Inds., Newmalayalam St., Swastik Pipe, and Abha Power.<BR><BR>Quality Snapshot: Below Average management risk is observed at Umiya Tubes, Metal Coatings, Natl. Gen. Inds., Newmalayalam St., Swastik Pipe, and the rest. Average management risk is found at Abha Power. Nova Iron &Steel does not qualify for a management risk rating. Below Average growth is noted for Umiya Tubes, Metal Coatings, Natl. Gen. Inds., Newmalayalam St., Swastik Pipe, and the rest, while Nova Iron &Steel does not qualify for a growth rating. Capital Structure is rated as Good for Metal Coatings and Newmalayalam St., while it is Below Average for Umiya Tubes, Natl. Gen. Inds., Swastik Pipe, and the rest, with Nova Iron &Steel not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Umiya Tubes at 137.71%, while the peer with the lowest is Metal Coatings at -23.89%. Nova Iron &Steel's 1-year return is -14.81%, which is better than Metal Coatings but worse than Umiya Tubes. Additionally, Metal Coatings and Abha Power have negative six-month returns.

What does Nova Iron &Steel do?

Nova Iron & Steel Ltd manufactures sponge iron and steel, classified as a Micro Cap company. As of December 2025, it reported net sales of 110 Cr and a net loss of 12 Cr, with a market cap of INR 43 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 classified as a Micro Cap company.<BR><BR>History:<BR>The company was incorporated in 1986 and has been involved in the iron and steel sector since its inception. The latest quarterly results reported are for December 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Net Sales: 110 Cr (Quarterly Results - Dec 2025)<BR>- Net Profit: -12 Cr (Quarterly Results - Dec 2025)<BR>- Market-cap: INR 43 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 94<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -21.90<BR>- Return on Equity: 191.59%<BR>- Price to Book: -3.84<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

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.

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.

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.

Has Nova Iron &Steel declared dividend?

No Dividend History Available