Abha Power

: ABHAPOWER · Castings & Forgings

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Snapshot

Unlock Abha Power's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Abha Power and Steel Limited is an iron and steel foundry specialising in the manufacturing of standard and customised casting products. The company serves diverse industrial sectors including Indian Railways, power, cement, mining, and heavy engineering.

Business Model

The company generates revenue through the manufacturing and supply of various grades of mild steel, spheroidal graphite iron, manganese steel, and high alloy castings. It leverages certifications such as RDSO and PED to maintain a competitive edge in both domestic and international markets.

  • Certifications:RDSO, PED

Growth Outlook

Growth is supported by the company's ability to supply critical components to the Indian Railways and its qualification for exports to European nations. Continued demand from heavy engineering and infrastructure sectors remains a primary driver.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of iron and steel scrap can significantly impact operating margins.
  • Cyclical Industry Demand. The company's performance is closely tied to the capital expenditure cycles of the power, mining, and infrastructure sectors.
  • Regulatory and Compliance Risk. Maintaining stringent quality certifications like RDSO and PED is essential for continued market access and poses a risk if standards are not met.
  • Export Market Sensitivity. Exposure to European markets introduces risks related to geopolitical instability and international trade regulations.

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Peers · Castings & Forgings

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Abha PowerABHAPOWER
₹46 Cr8.6%-47.9%
NelcastNELCAST
₹1,043 Cr25.3410.834.2%8.4%7.1%12.5%-18.5%
Synergy Green Industries LimitedSGIL
₹945 Cr-106.8028.81-2.5%11.6%-8.1%6.9%+13.9%
Tirupati ForgeTIRUPATIFL
₹901 Cr142.4147.1011.7%5.1%8.1%+80.5%
Neetu YoshiNEETUYOSHI
₹624 Cr31.0%+20.2%
Magna Electro Castings Ltd.MAGNAELQ
₹526 Cr28.4515.3511.3%17.8%13.9%17.9%+7.7%

As of Mar 2026

Financials