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Nova Iron & Steel Ltd
NOVAIRONSTEELLTD NSE
Nova Iron & Steel Ltd
IndustrialsNSE: NOVAIRONSTEELLTD BSE: 513566 Industrial Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹46.95 Cr
Volatility
Moderate
P/E Ratio
0.3
EBITDA
₹10.10 Cr
Return on Equity
7.73%
Debt to Equity
7.82
Book Value
₹-2.81
EPS
₹0
52W High
₹16.89
52W Low
₹10.54
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company's median sales growth is 43.2% of last 10 years
Weaknesses
4- Company has low interest coverage ratio.
- Contingent liabilities of Rs.27.2 Cr.
- Earnings include an other income of Rs.170 Cr.
- Promoter holding has decreased over last 3 years: -25.6%
Growth Rate
Revenue Growth
-60.30% ↘
Net Income Growth
-11.54% ↗
Cash Flow Change
-108.84% ↘
ROE
-20.47% ↘
ROCE
-7.69% ↗
EBITDA Margin (Avg.)
140.94% ↗
Quarterly Results
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 159 | 166 | 186 | 182 | 122 | 113 | 146 | 125 | 99.38 | 97.73 | 94.71 | 113 | 108 |
| Expenses | 155 | 177 | 160 | 177 | 123 | 107 | 154 | 111 | 101 | 95.11 | 101 | 105 | 109 |
| Operating Profit | 3.96 | -10.86 | 25.85 | 5.05 | -1.12 | 5.86 | -7.29 | 13.83 | -1.35 | 2.62 | -5.86 | 7.68 | -1.14 |
| OPM % | 2.48% | -6.53% | 13.89% | 2.77% | -0.92% | 5.18% | -4.98% | 11.06% | -1.36% | 2.68% | -6.19% | 6.8% | -1.06% |
| Other Income | 0.41 | 1.04 | 3.02 | 2.01 | 0.96 | 4.17 | -67.43 | -1.01 | 1.08 | 0.49 | 160 | 0.15 | 9.21 |
| Interest | 1.62 | 1.46 | 12.57 | 2.71 | 3.47 | 3.39 | 14.96 | 3.56 | 3.73 | 2.95 | 0.81 | 1.5 | 3.48 |
| Depreciation | 2.49 | 2.48 | 2.48 | 11.01 | 11.29 | 11.42 | 11.42 | 4.77 | 4.85 | 4.89 | 4.96 | 4.12 | 5.64 |
| PBT | 0.26 | -13.76 | 13.82 | -6.66 | -14.92 | -4.78 | -101 | 4.49 | -8.85 | -4.73 | 149 | 2.21 | -1.05 |
| Tax % | 388.46% | 7.34% | 15.7% | 0% | -4.02% | 0% | -32.69% | 0% | 0% | 0% | -6.08% | 0% | 0% |
| Net Profit | -0.74 | -14.78 | 11.65 | -6.66 | -14.32 | -4.78 | -68.05 | 4.49 | -8.85 | -4.72 | 158 | 2.21 | -1.06 |
| EPS in Rs | -0.2 | -4.09 | 3.22 | -1.84 | -3.96 | -1.32 | -18.83 | 1.24 | -2.45 | -1.31 | 43.69 | 0.61 | -0.29 |
Profit & Loss
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 53 | 9 | 16 | 53 | 20 | 4 | 52 | 345 | 605 | 698 | 564 | 417 | 413 |
| Expenses | 35 | 10 | 15 | 43 | 11 | 7 | 89 | 337 | 590 | 672 | 561 | 407 | 410 |
| Operating Profit | 19 | 0 | 1 | 10 | 8 | -3 | -37 | 8 | 16 | 26 | 3 | 10 | 3 |
| OPM % | 35% | -5% | 7% | 19% | 43% | -86% | -71% | 2% | 3% | 4% | 0% | 2% | 1% |
| Other Income | 0 | 6 | 2 | 0 | 2 | 5 | 3 | 7 | 8 | 5 | -60 | 160 | 170 |
| Interest | 9 | 6 | 6 | 7 | 7 | 0 | 0 | 1 | 25 | 17 | 25 | 11 | 9 |
| Depreciation | 3 | 2 | 1 | 1 | 1 | 1 | 7 | 9 | 10 | 10 | 45 | 19 | 20 |
| PBT | 7 | -2 | -4 | 3 | 2 | 1 | -41 | 5 | -11 | 3 | -127 | 140 | 145 |
| Tax % | 1% | -5% | 6% | 4% | 0% | 7% | 24% | 330% | 38% | 152% | -26% | -6% | — |
| Net Profit | 7 | -2 | -4 | 3 | 2 | 1 | -52 | -12 | -15 | -2 | -94 | 149 | 154 |
| EPS in Rs | 1.93 | -0.55 | -1.23 | 0.71 | 0.63 | 0.17 | -14.26 | -3.3 | -4.09 | -0.5 | -25.95 | 41.17 | 42.7 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | -6 | -8 | -12 | -10 | -7 | -6 | -58 | -69 | -87 | -89 | -192 | -47 |
| Borrowings | 78 | 172 | 193 | 198 | 239 | 338 | 329 | 311 | 333 | 332 | 398 | 248 |
| Other Liabilities | 66 | 72 | 98 | 96 | 91 | 99 | 112 | 210 | 254 | 220 | 53 | 69 |
| Total Liabilities | 175 | 272 | 315 | 320 | 359 | 467 | 419 | 488 | 536 | 499 | 295 | 306 |
| Fixed Assets | 63 | 62 | 64 | 63 | 62 | 61 | 380 | 372 | 361 | 361 | 176 | 143 |
| CWIP | 89 | 180 | 206 | 237 | 262 | 315 | 0 | 0 | 0 | 0 | 26 | 74 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 |
| Other Assets | 23 | 31 | 44 | 20 | 34 | 89 | 38 | 113 | 172 | 135 | 92 | 86 |
| Total Assets | 175 | 272 | 315 | 320 | 359 | 467 | 419 | 488 | 536 | 499 | 295 | 306 |
Cash Flow
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 86 | 1 | 13 | 33 | -3 | -48 | 9 | 18 | 3 | 18 | -10 | 36 |
| Investing | -78 | -88 | -28 | -31 | -32 | -50 | -4 | 0 | 1 | -1 | -31 | -36 |
| Financing | -8 | 88 | 15 | -2 | 35 | 99 | -6 | -17 | -4 | -17 | 44 | -1 |
| Net Cash Flow | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 | -2 |
| Free Cash Flow | 8 | -88 | -15 | 2 | -28 | -102 | -2 | 18 | 3 | 9 | -47 | 0 |
| CFO/OP | 463 | -117 | 1,235 | 320 | -35 | 1,433 | -25 | 238 | 23 | 71 | -326 | 339 |
Ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 2 | 157 | 286 | 19 | 4 | 0 | 0 | 13 | 10 |
| Inventory Days | 103 | 1,280 | 878 | 59 | 579 | — | 45 | 86 | 85 | 50 | 17 | 27 |
| Days Payable | 190 | 1,815 | 417 | 53 | 642 | — | 552 | 161 | 88 | 57 | 27 | 61 |
| Cash Conversion Cycle | -87 | -534 | 461 | 7 | 94 | 286 | -487 | -72 | -2 | -6 | 3 | -23 |
| Working Capital Days | -900 | -8,477 | -5,727 | -1,856 | -5,611 | -32,993 | -2,726 | -399 | -49 | -41 | -35 | -87 |
| ROCE % | 15% | -1% | 0% | 4% | 4% | -1% | -12% | 2% | 5% | 7% | -14% | -3% |
Documents
1
Intimation Of Submission Of Application For Reclassification Of Promoters From "Promoter Category" To "Public Category" Shareholders Of The Company In Compliance With Regulation 31A(8)(C) Of The SEBI (LODR) Regulations, 2015
15 Apr - Nova Iron submitted BSE application to reclassify three promoters holding 9.09% as public shareholders. 15 Apr - Nova Iron submitted BSE application to reclassify three promoters holding 9.09% as public shareholders.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Filed Regulation 74(5) certificate for quarter ended 31 March 2026. 13 Apr - Filed Regulation 74(5) certificate for quarter ended 31 March 2026.
3
Board Meeting Outcome for Reclassification Of Promoters "Mr. Aniket Singal, Ms. Priyanka Ankit Miglani, And Ms. Radhika Saurabh Dhoot" From 'Promoter' Category To 'Public' Category Shareholder
8 Apr - Board approved promoter reclassification request of Aniket Singal, Priyanka Ankit Miglani and Radhika Saurabh Dhoot to public. 8 Apr - Board approved promoter reclassification request of Aniket Singal, Priyanka Ankit Miglani and Radhika Saurabh Dhoot to public.
5
Intimation Pursuant To Disclosure Requirements Under Regulation 31A(8)(A) Of SEBI(Listing Obligation And Disclosure Requirements)Regulations, 2015
31 Mar - Aniket Singal (3,273,600;9.06%), Priyanka Miglani and Radhika Dhoot (5,000 each;0.01%) requested promoter-to-public reclassification. 31 Mar - Aniket Singal (3,273,600;9.06%), Priyanka Miglani and Radhika Dhoot (5,000 each;0.01%) requested promoter-to-public reclassification.
3
Disclosure As Per Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015 9 Jul 2026
General_Announcements
5
Disclosure As Per Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015 2 Jul 2026
General_Announcements
Frequently Asked Questions about Nova Iron & Steel Ltd
What does Nova Iron & Steel Ltd do?
Incorporated in 1989, Nova Iron & Steels Ltd is engaged in the manufacturing of steel products.[1]
Where is Nova Iron & Steel Ltd (513566) listed?
Nova Iron & Steel Ltd is listed on the Indian stock exchanges. It is listed on NSE: NOVAIRONSTEELLTD and BSE: 513566. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nova Iron & Steel Ltd belong to?
Nova Iron & Steel Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd has a market capitalisation of approximately ₹46.95 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Nova Iron & Steel Ltd?
The Price-to-Earnings (PE) ratio of Nova Iron & Steel Ltd is 0.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Nova Iron & Steel Ltd?
Over the past 52 weeks, Nova Iron & Steel Ltd has traded between a low of ₹10.54 and a high of ₹16.89. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd has a Return on Equity (ROE) of 7.73%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nova Iron & Steel Ltd on Tapetide?
On Tapetide, you can view Nova Iron & Steel Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1989, Nova Iron & Steels Ltd is engaged in the manufacturing of steel products.[1]
Website novaironsteel.com
Face Value ₹ 10