Ashirwad Steels & Industries Ltd.

BSE: ASHSI · Iron & Steel Products

52W Range₹17 ₹37

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Snapshot

Unlock Ashirwad Steels & Industries Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Ashirwad Steels and Industries Limited is primarily engaged in the manufacturing of sponge iron using coal-based direct reduced iron technology at its Jamshedpur facility. The company also maintains diversified interests in the hydrocarbon sector through the operation of liquefied petroleum gas bottling plants.

Business Model

The company generates revenue by converting iron ore into sponge iron, which is sold as a critical raw material to the secondary steel sector for the production of ingots and billets. Additionally, it derives income from its gas bottling operations.

Growth Outlook

Growth is primarily tied to regional demand for sponge iron within the Indian infrastructure and secondary steel manufacturing sectors. Future performance remains contingent on industrial activity levels and the stability of raw material supply chains.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of iron ore and coal can significantly impact the profit margins of sponge iron production.
  • Cyclicality of Steel Industry. The company's performance is highly sensitive to the cyclical demand patterns of the secondary steel and infrastructure sectors.
  • Regulatory and Environmental Risks. As a manufacturer utilizing coal-based technology, the company faces potential risks from tightening environmental regulations and emission standards.
  • Operational Concentration. Reliance on a single production facility in Jamshedpur exposes the company to localized operational disruptions.

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Key Metrics

REVENUE

₹2 Cr

TTM · standalone

+23.9%YoY

NET PROFIT

₹2 Cr

TTM · standalone

-12.2%YoY

EPS

₹1.62

TTM · standalone

-12.0%YoY

RETURN ON EQUITY

2.4%

TTM · standalone

-0.4 ppYoY

RETURN ON CAPITAL EMPLOYED

3.3%

TTM · standalone

-0.5 ppYoY

P/E

12.8x

Q4 FY26 · standalone

12.8 vs 3.1x5Y avg

EV/EBITDA

9.5x

Q4 FY26 · standalone

9.5 vs -12.5x5Y avg

EBITDA MARGIN

126.0%

TTM · standalone

-52.3 ppYoY

NET PROFIT MARGIN

56.8%

Q4 FY26 · standalone

-29.9 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ashirwad Steels & Industries Ltd.ASHSI
₹30 Cr14.7410.2123.9%126.0%2.4%3.3%-15.7%
Panchmahal SteelPANCHMAHQ
₹580 Cr99.7231.765.0%3.9%7.2%+13.9%
Modern MalleableMODMA
₹569 Cr29.4021.16189.2%18.2%11.8%15.1%
Azad India Mobility LimitedAZADIND
₹509 Cr3.3%-1.4%-1.3%-30.1%
SurajSURAJLTD
₹385 Cr46.4419.13-15.2%12.0%6.1%12.6%-32.1%
Shah MetacorpSHAH
₹369 Cr26.7125.4348.8%10.1%5.6%5.4%+12.3%

As of Q4 FY26

Financials