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Nova Iron & Steel

513566 BSE
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Nova Iron & Steel (NOVIS) share price was ₹13.25 at the 28 Oct 2026 close; market capitalisation ₹47.89 Cr; sector Industrial Products. The share price fell 4.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 40.3% year on year to ₹67.49 Cr and net profit fell 61.1% year on year to ₹0.86 Cr (compared with Jun 2025). Promoters held 44.16% of Nova Iron & Steel in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 41/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹13.25 −0.38 −2.79% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹47.89 Cr
EBITDA
₹10.10 Cr
Return on Equity
7.73%
Debt to Equity
7.82
Book Value
−₹7.49
EPS (TTM)
−₹4.79
52W High
₹18.46
52W Low
₹10.54

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,564.0029.2967,636 Cr7.390.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,231.0050.4061,946 Cr10.790.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,161.1028.8532,410 Cr2.810.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,325.2037.6616,298 Cr3.960.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹241.1528.1115,422 Cr1.220.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹457.1527.4713,931 Cr4.220.78%14.88%18.75%3,918 Cr508 Cr
Gallantt Ispat
₹576.5531.9113,911 Cr3.990.37%14.60%17.99%4,646 Cr436 Cr
Nova Iron & Steel (this company)
——48 Cr—0.00%7.73%24.02%438 Cr-17 Cr
Median 8 companies₹1,161.1029.2915,860 Cr3.990.38%13.65%18.37%11,512 Cr511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

41 Weak
Overall score

Data confidence 86/100

Category scores

Quality Poor 35
Returns, margins, earnings quality 22% weight
Valuation Poor 29
Cheap vs sector & own history 24% weight
Growth Weak 42
Sales & profit trajectory 9% weight
Financial Health Poor 12
Solvency, leverage, coverage 9% weight
Momentum Strong 75
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.24% over past five years.
  • Contingent liabilities of Rs.26.6 Cr.
  • Earnings include an other income of Rs.16.6 Cr.
  • Promoter holding has decreased over last 3 years: -25.6%

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bullish

Bearish
2
Neutral
7
Bullish
10

Moving Averages

Bullish

Bearish
0
Neutral
0
Bullish
10

Growth Rate

Revenue Growth
-60.3% lower than 3Y

change over 1 year

Net Income Growth
-11.54% higher than 3Y

change over 1 year

Cash Flow Change
-109%

change over 1 year

EBITDA Margin Change
141%

change over 1 year Operating margin -2.86% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
182
122
113
146
125
99.38
97.73
94.71
113
108
110
136
67.49
Expenses
177
123
107
154
111
101
95.11
101
105
109
111
130
69.42
Operating Profit
5.05
-1.12
5.86
-7.29
13.83
-1.35
2.62
-5.86
7.68
-1.14
-1.25
5.91
-1.93
OPM %
2.77%
-0.92%
5.18%
-4.98%
11.06%
-1.36%
2.68%
-6.19%
6.8%
-1.06%
-1.14%
4.35%
-2.86%
Other Income
2.01
0.96
4.17
-67.43
-1.01
1.08
0.49
160
0.15
9.21
0.44
3.71
3.26
Interest
2.71
3.47
3.39
14.96
3.56
3.73
2.95
0.81
1.5
3.48
4.72
2.57
0.18
Depreciation
11.01
11.29
11.42
11.42
4.77
4.85
4.89
4.96
4.12
5.64
6.24
6.35
0.29
PBT
-6.66
-14.92
-4.78
-101
4.49
-8.85
-4.73
149
2.21
-1.05
-11.77
0.7
0.86
Tax %
0%
-4.02%
0%
-32.69%
0%
0%
0%
-6.08%
0%
0%
0%
864.29%
0%
Net Profit
-6.66
-14.32
-4.78
-68.05
4.49
-8.85
-4.72
158
2.21
-1.06
-11.77
-5.35
0.86
EPS (₹)
-1.84
-3.96
-1.32
-18.83
1.24
-2.45
-1.31
43.69
0.61
-0.29
-3.26
-1.48
0.24
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
9
16
53
20
4
52
345
605
698
564
417
467
421
Expenses
10
15
43
11
7
89
337
590
672
561
407
455
420
Operating Profit
0
1
10
8
-3
-37
8
16
26
3
10
11
2
OPM %
-5%
7%
19%
43%
-86%
-71%
2.3%
2.6%
3.7%
0.5%
2.4%
2.4%
0.4%
Other Income
6
2
0
2
5
3
7
8
5
-60
160
13
17
Interest
6
6
7
7
0
0
1
25
17
25
11
12
11
Depreciation
2
1
1
1
1
7
9
10
10
45
19
22
19
PBT
-2
-4
3
2
1
-41
5
-11
3
-127
140
-10
-11
Tax %
-5%
6%
4%
0%
7%
24%
330%
38%
152%
-26%
-6%
61%
—
Net Profit
-2
-4
3
2
1
-52
-12
-15
-2
-94
149
-16
-17
EPS (₹)
-0.55
-1.23
0.71
0.63
0.17
-14.26
-3.3
-4.09
-0.5
-25.95
41.17
-4.42
-4.79
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
36
36
36
36
36
36
36
36
36
36
36
36
Reserves
-8
-12
-10
-7
-6
-58
-69
-87
-89
-192
-47
-63
Borrowings
172
193
198
239
338
329
311
333
332
398
248
265
Other Liabilities
72
98
96
91
99
112
210
254
220
53
69
48
Total Liabilities
272
315
320
359
467
419
488
536
499
295
306
286
Fixed Assets
62
64
63
62
61
380
372
361
361
176
143
127
CWIP
180
206
237
262
315
0
0
0
0
26
74
91
Investments
0
0
0
1
1
1
3
3
3
3
3
3
Other Assets
31
44
20
34
89
38
113
172
135
92
86
64
Total Assets
272
315
320
359
467
419
488
536
499
295
306
286
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
13
33
-3
-48
9
18
3
18
-10
36
-9
Investing
-88
-28
-31
-32
-50
-4
0
1
-1
-31
-36
-3
Financing
88
15
-2
35
99
-6
-17
-4
-17
44
-1
11
Net Cash Flow
0
0
0
0
0
0
1
0
0
2
-2
0
Free Cash Flow
-88
-15
2
-28
-102
-2
18
3
9
-47
0
-12
CFO/EBITDA
-117
1,235
320
-35
1,433
-25
238
23
71
-326
339
-80
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
2
157
286
19
4
0
0
13
10
8
Inventory Days
1,280
878
59
579
—
45
86
85
50
17
27
13
Days Payable
1,815
417
53
642
—
552
161
88
57
27
61
40
Cash Conversion Cycle
-534
461
7
94
286
-487
-72
-2
-6
3
-23
-19
Working Capital Days
-8,477
-5,727
-1,856
-5,611
-32,993
-2,726
-399
-49
-41
-35
-87
-86
ROCE %
-1%
0%
4%
4%
-1%
-12%
2%
5%
7%
-14%
-3%
-4%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Nova Iron & Steel insights

71 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

DIIs1.32%Promot.44.16%Public23.81%Others30.71%As ofSep 2026

Documents

Frequently Asked Questions about Nova Iron & Steel

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 (NOVIS) listed?
Nova Iron & Steel Ltd trades under code 513566 on the BSE.
Which sector does Nova Iron & Steel Ltd belong to?
Nova Iron & Steel Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd has a market capitalisation of ₹47.89 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Nova Iron & Steel Ltd?
Over the last 52 weeks Nova Iron & Steel Ltd has traded between ₹10.54 and ₹18.46 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Nova Iron & Steel Ltd?
Nova Iron & Steel Ltd reported a return on equity of 7.73%. Its debt-to-equity ratio is 7.82.

Company Information

Incorporated in 1989, Nova Iron & Steels Ltd is engaged in the manufacturing of steel products.[1]

Website novaironsteel.com
Face Value ₹ 10
Shares Outstanding 3,61,41,907

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