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Ashirwad Steels & Industries

526847 BSE
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Ashirwad Steels & Industries (ASHSI) share price was ₹22.32 at the 28 Oct 2026 close; market capitalisation ₹27.91 Cr; P/E (TTM) 13.69; sector Industrial Products. The share price fell 28.0% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹0.54 Cr, against ₹0.40 Cr a year earlier and net profit was ₹0.51 Cr, against ₹0.50 Cr a year earlier (compared with Jun 2025). Promoters held 69.06% of Ashirwad Steels & Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 51/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹22.32 −8.88 −28.46% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹27.91 Cr
P/E (TTM)
13.69
EBITDA
₹2.80 Cr
Return on Equity
2.37%
Debt to Equity
0
Book Value
₹68.11
EPS (TTM)
₹1.63
52W High
₹31.95
52W Low
₹17.00

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
₹2,582.1029.4968,113 Cr7.440.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,227.9050.3361,860 Cr10.780.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,156.2028.7332,273 Cr2.800.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,338.0037.8616,388 Cr3.990.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹241.9528.2015,473 Cr1.230.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹453.8027.2713,829 Cr4.190.78%14.88%18.75%3,918 Cr508 Cr
Gallantt Ispat
₹562.0031.1013,560 Cr3.890.37%14.60%17.99%4,646 Cr436 Cr
Ashirwad Steels & Industries (this company)
—13.6928 Cr0.330.00%2.37%3.20%4 Cr2 Cr
Median 8 companies₹1,156.2029.1115,930 Cr3.940.38%13.65%17.16%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 →

51 Average
Overall score

Data confidence 98/100

Category scores

Quality Poor 28
Returns, margins, earnings quality 22% weight
Valuation Average 54
Cheap vs sector & own history 24% weight
Growth Strong 78
Sales & profit trajectory 9% weight
Financial Health Good 65
Solvency, leverage, coverage 9% weight
Momentum Average 47
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

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.33 times its book value

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.68% over last 3 years.
  • Earnings include an other income of Rs.2.03 Cr.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-2.33% lower than 3Y

change over 1 year

Net Income Growth
-13.04% lower than 3Y

change over 1 year

Cash Flow Change
0.68%

change over 1 year

EBITDA Margin Change
-9.51%

change over 1 year Operating margin 33.33% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.15
0.23
0.34
0.86
0.35
0.28
0.34
0.83
0.4
0.48
0.54
0.81
0.54
Expenses
0.33
0.23
0.22
0.28
0.23
0.23
0.23
0.4
0.32
0.28
0.38
0.53
0.36
Operating Profit
-0.18
0
0.12
0.58
0.12
0.05
0.11
0.43
0.08
0.2
0.16
0.28
0.18
OPM %
-120%
0%
35.29%
67.44%
34.29%
17.86%
32.35%
51.81%
20%
41.67%
29.63%
34.57%
33.33%
Other Income
0.64
0.7
0.69
0.78
0.7
0.67
0.59
0.54
0.65
0.66
0.41
0.37
0.59
Interest
0.01
0
0.05
0.01
0.02
0
0
0.01
0
0.02
0.02
0.01
0
Depreciation
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
PBT
0.43
0.68
0.74
1.33
0.78
0.7
0.68
0.94
0.71
0.82
0.53
0.62
0.75
Tax %
32.56%
26.47%
22.97%
32.33%
23.08%
27.14%
30.88%
23.4%
29.58%
25.61%
15.09%
24.19%
32%
Net Profit
0.3
0.5
0.57
0.9
0.6
0.51
0.47
0.72
0.5
0.62
0.44
0.46
0.51
EPS (₹)
0.24
0.4
0.46
0.72
0.48
0.41
0.38
0.58
0.4
0.5
0.35
0.37
0.41
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
5.15
0.86
1.85
22.26
2.77
8.18
1.58
4.05
4.44
4.4
4.3
4.12
2.37
Expenses
7.42
2.91
2.28
22.9
7.4
10.26
3.44
4.1
1.55
1.07
1.09
1.36
1.55
Operating Profit
-2.27
-2.05
-0.43
-0.64
-4.63
-2.08
-1.86
-0.05
2.89
3.33
3.21
2.76
0.82
OPM %
-44.08%
-238.37%
-23.24%
-2.88%
-167.15%
-25.43%
-117.72%
-1.23%
65.09%
75.68%
74.65%
66.99%
34.6%
Other Income
2.99
2.83
1.91
1.77
14.73
-0.99
1.93
5.38
15.88
0
0
0.05
2.03
Interest
0.29
0.12
0.03
0.12
0.03
0.1
0.06
0.2
0.03
0.07
0.03
0.05
0.05
Depreciation
0.67
0.63
0.63
0.62
0.46
0.36
0.36
0.35
0.08
0.08
0.08
0.08
0.08
PBT
-0.24
0.03
0.82
0.39
9.61
-3.53
-0.35
4.78
18.66
3.18
3.1
2.68
2.72
Tax %
-50%
-533.33%
7.32%
-33.33%
21.75%
4.25%
-8.57%
3.14%
10.13%
29.25%
25.81%
24.63%
—
Net Profit
-0.13
0.18
0.76
0.52
7.52
-3.67
-0.31
4.62
16.77
2.26
2.3
2.02
2.03
EPS (₹)
-0.1
0.14
0.61
0.42
6.02
-2.94
-0.25
3.7
13.42
1.81
1.84
1.62
1.63
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
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
Reserves
38.09
38.21
39.71
40.18
48.13
43.26
43.95
48.86
65.88
68.35
70.62
72.63
Borrowings
0
0
0
0
0
1.99
0
0
0
0
0
0
Other Liabilities
2.58
2.23
1.55
2.92
1.02
1.02
0.75
0.02
0
0.09
0.01
0
Total Liabilities
53.17
52.94
53.76
55.6
61.65
58.77
57.2
61.38
78.38
80.94
83.13
85.13
Fixed Assets
9.18
8.77
8.24
7.4
4.88
4.99
4.65
0.61
0.42
0.35
0.4
0.34
CWIP
0
0
0
0
0
0
0.94
0
0
0
0
0
Investments
4.46
3.02
7.81
8.87
11.91
10.21
8.98
5.21
17.37
31.81
36.2
41.86
Other Assets
39.53
41.15
37.71
39.33
44.86
43.57
42.63
55.56
60.59
48.78
46.53
42.93
Total Assets
53.17
52.94
53.76
55.6
61.65
58.77
57.2
61.38
78.38
80.94
83.13
85.13
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3.95
-0.67
-1.46
-3.19
-8.72
3.66
-1.02
9.15
16.49
9.2
-4.39
-4.36
Investing
0.84
5.32
2.01
-1.06
17.15
-16.87
3.49
11.15
-9.27
-47.77
2.39
5.13
Financing
-4.27
2.89
-0.02
-0.11
-0.03
1.9
-2.05
-0.01
-0.02
-0.06
-0.03
-0.05
Net Cash Flow
0.53
7.54
0.53
-4.37
8.4
-11.31
0.42
20.29
7.2
-38.63
-2.03
0.71
Free Cash Flow
4.1
3.2
-1.56
-2.97
7.12
3.19
-1.97
12.83
16.96
9.2
-4.52
-4.38
CFO/OP
-167
46
321
491
131
-181
55
-18,620
636
304
-112
-134
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
3.54
0
0
30.33
65.88
39.71
48.51
0
0
0
0
0
Inventory Days
326
1,360
—
100
1,734
172
2,190
—
—
—
—
—
Days Payable
0
0
—
0
0
6.67
0
—
—
—
—
—
Cash Conversion Cycle
330
1,360
0
130
1,800
205
2,239
0
0
0
0
0
Working Capital Days
1,533
7,754
1,910
178
2,438
1,015
5,925
1,864
1,542
793
1,182
1,626
ROCE %
0.22%
0.97%
2.08%
0.82%
-5.3%
0.93%
1.68%
-0.56%
4.02%
4.08%
3.82%
3.25%

Insights

Beta

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

Log in to view Ashirwad Steels & Industries insights

64 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

DIIs0.07%Promot.69.06%Others12.15%Public18.71%As ofSep 2026

Documents

1
Concall - Jul 2020 Jul 2020
2
Concall - Jan 2020 Jan 2020
3
Concall - Nov 2019 Nov 2019
4
Concall - Nov 2019 Nov 2019
5
Concall - Sep 2019 Sep 2019

Frequently Asked Questions about Ashirwad Steels & Industries

What does Ashirwad Steels & Industries Ltd do?
Incorporated in 1986, Ashirwad Steels & Industries Ltd is in the business of lending of funds and investments in shares and securities[1]
Where is Ashirwad Steels & Industries Ltd (ASHSI) listed?
Ashirwad Steels & Industries Ltd trades under code 526847 on the BSE.
Which sector does Ashirwad Steels & Industries Ltd belong to?
Ashirwad Steels & Industries Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd has a market capitalisation of ₹27.91 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd trades at a PE ratio of 13.69 as of 28 Oct 2026, on earnings per share of ₹1.63, against a book value of ₹68.11 per share.
What is the 52-week high and low of Ashirwad Steels & Industries Ltd?
Over the last 52 weeks Ashirwad Steels & Industries Ltd has traded between ₹17 and ₹31.95 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Ashirwad Steels & Industries Ltd?
Ashirwad Steels & Industries Ltd reported a return on equity of 2.37%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1986, Ashirwad Steels & Industries Ltd is in the business of lending of funds and investments in shares and securities[1]

Website ashirwadsteels.com
Listed 1995-04-25
Face Value ₹ 10
Shares Outstanding 1,25,05,353

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