Ashiana Ispat

BSE: ASHIS · Iron & Steel Products

52W Range₹16 ₹30

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Snapshot

Unlock Ashiana Ispat's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Ashiana Ispat Limited is an Indian manufacturer specialising in the production of high-strength Thermo Mechanically Treated (TMT) bars for the construction sector. The company operates primarily in North India, providing seismic-resistant steel products for residential, commercial, and infrastructure projects.

Business Model

The company generates revenue through the manufacturing and sale of iron and steel products, specifically TMT bars marketed under the Ashiana G-600 brand. It leverages advanced manufacturing technology to supply regional construction markets.

Growth Outlook

Growth is driven by the sustained demand for construction steel in North India's infrastructure and real estate sectors. The company focuses on maintaining production capacity to meet regional requirements for high-ductility building materials.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of iron ore and scrap metal can significantly impact profit margins in the secondary steel sector.
  • Cyclicality of Construction Sector. The company's performance is highly dependent on the health of the Indian real estate and infrastructure development cycles.
  • Regional Competition. The secondary steel market is highly fragmented, leading to intense price competition from numerous local and regional manufacturers.
  • Regulatory and Environmental Compliance. Stricter environmental regulations regarding steel manufacturing emissions may necessitate additional capital expenditure for compliance.

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Key Metrics

REVENUE

₹1,916 Cr

TTM · standalone

+1461.2%YoY

NET PROFIT

₹46 Cr

TTM · standalone

+35.6%YoY

EPS

₹57.63

TTM · standalone

+36.8%YoY

RETURN ON EQUITY

393.1%

TTM · standalone

+284.8 ppYoY

RETURN ON CAPITAL EMPLOYED

-14019.0%

TTM · standalone

-14118.2 ppYoY

P/E

0.3x

Q4 FY26 · standalone

0.3 vs 5.7x5Y avg

EV/EBITDA

1.2x

Q4 FY26 · standalone

1.2 vs 10.2x5Y avg

EBITDA MARGIN

2.4%

TTM · standalone

-7.2 ppYoY

NET PROFIT MARGIN

0.9%

Q4 FY26 · standalone

-8142.2 ppYoY

DEBT TO EQUITY

1.6x

Q4 FY26 · standalone

-9.78xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ashiana IspatASHIS
0.301461.2%2.4%393.1%-14019.0%
APL Apollo Tubes Ltd.APLAPOLLO
₹62,906 Cr51.1831.889.6%8.6%25.9%31.7%+41.2%
Welspun Corp Ltd.WELCORP
₹62,619 Cr27.1024.6520.2%14.8%27.9%20.7%+181.8%
Shyam Metalics and Energy Ltd.SHYAMMETL
₹30,699 Cr27.3211.6322.9%13.9%10.1%14.5%+21.5%
Jindal Saw Ltd.JINDALSAW
₹19,735 Cr30.1111.7826.3%11.2%5.0%9.5%+56.4%
Ratnamani Metals & Tubes LimitedRATNAMANI
₹18,302 Cr42.2822.04-16.3%19.5%13.3%16.5%+9.2%

As of Q4 FY26

Financials