---
title: "Ashirwad Steels & Industries Ltd (526847) — Share Price, Financials & Analysis"
symbol: "526847"
company: "Ashirwad Steels & Industries Ltd"
canonical: "https://tapetide.com/stocks/526847"
isin: "INE338C01012"
nse_symbol: "ASHIRWADSTEELSINDUSTRIESLTD"
bse_code: "526847"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 28.9
generated_at: "2026-09-13T20:15:56.494Z"
---

# Ashirwad Steels & Industries Ltd (526847)

Canonical page: https://tapetide.com/stocks/526847

## Company

- **NSE Symbol:** ASHIRWADSTEELSINDUSTRIESLTD
- **BSE Code:** 526847
- **ISIN:** INE338C01012
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 1995-04-25
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ashirwadsteels.com

## About

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

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:42:11.168840Z.

- **Market Cap:** ₹28.9 Cr
- **Classification:** Microcap
- **P/E (reported):** 14.3
- **EPS (TTM):** ₹1.63
- **EPS (reported):** ₹2.05
- **Book Value:** ₹68.11
- **Price to Book:** 0.34
- **Dividend Yield:** 0%
- **ROE:** 2.37%
- **ROCE:** 3.2%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹4.2 Cr
- **Net Income:** ₹2 Cr
- **EBITDA:** ₹2.8 Cr
- **52-Week High:** ₹37.2
- **52-Week Low:** ₹17
- **RSI (14):** 51.43

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 65.25 | 9% |
| growth | 78.27 | 9% |
| momentum | 61.59 | 12% |
| ownership | 50 | 24% |
| quality | 27.64 | 22% |
| valuation | 53.68 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.36 times its book value

### Weaknesses

- 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.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 0.68% | -147.39% | -147.65% |
| ebitda margin growth | 33.33% | -9.51% | -10.73% | — |
| net income growth | 0% | -13.04% | 69% | 17% |
| revenue growth | -8.33% | -2.33% | -2% | 21% |
| roce | — | -14.89% | -20.4% | 8.52% |
| roe | — | -14.13% | 2.64% | -68.53% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 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 | 0.23 | 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 | 0.12 | 0.58 | 0.12 | 0.05 | 0.11 | 0.43 | 0.08 | 0.2 | 0.16 | 0.28 | 0.18 |
| OPM % | 0 | 35.29 | 67.44 | 34.29 | 17.86 | 32.35 | 51.81 | 20 | 41.67 | 29.63 | 34.57 | 33.33 |
| Other Income | 0.7 | 0.69 | 0.78 | 0.7 | 0.67 | 0.59 | 0.54 | 0.65 | 0.66 | 0.41 | 0.37 | 0.59 |
| Interest | 0 | 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 |
| Profit before tax | 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 % | 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 | 0.5 | 0.57 | 0.9 | 0.6 | 0.51 | 0.47 | 0.72 | 0.5 | 0.62 | 0.44 | 0.46 | 0.51 |
| EPS in Rs | 0.4 | 0.46 | 0.72 | 0.48 | 0.41 | 0.38 | 0.58 | 0.4 | 0.5 | 0.35 | 0.37 | 0.41 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22.26 | 2.77 | 8.18 | 1.58 | 4.05 | 4.44 | 4.4 | 4.3 | 4.12 | 2.37 |
| Expenses | 22.9 | 7.4 | 10.26 | 3.44 | 4.1 | 1.55 | 1.07 | 1.09 | 1.36 | 1.55 |
| Operating Profit | -0.64 | -4.63 | -2.08 | -1.86 | -0.05 | 2.89 | 3.33 | 3.21 | 2.76 | 0.82 |
| OPM % | -2.88 | -167.15 | -25.43 | -117.72 | -1.23 | 65.09 | 75.68 | 74.65 | 66.99 | 34.6 |
| Other Income | 1.77 | 14.73 | -0.99 | 1.93 | 5.38 | 15.88 | 0 | 0 | 0.05 | 2.03 |
| Interest | 0.12 | 0.03 | 0.1 | 0.06 | 0.2 | 0.03 | 0.07 | 0.03 | 0.05 | 0.05 |
| Depreciation | 0.62 | 0.46 | 0.36 | 0.36 | 0.35 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Profit before tax | 0.39 | 9.61 | -3.53 | -0.35 | 4.78 | 18.66 | 3.18 | 3.1 | 2.68 | 2.72 |
| Tax % | -33.33 | 21.75 | 4.25 | -8.57 | 3.14 | 10.13 | 29.25 | 25.81 | 24.63 | — |
| Net Profit | 0.52 | 7.52 | -3.67 | -0.31 | 4.62 | 16.77 | 2.26 | 2.3 | 2.02 | 2.03 |
| EPS in Rs | 0.42 | 6.02 | -2.94 | -0.25 | 3.7 | 13.42 | 1.81 | 1.84 | 1.62 | 1.63 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 | 12.5 |
| Reserves | 39.71 | 40.18 | 48.13 | 43.26 | 43.95 | 48.86 | 65.88 | 68.35 | 70.62 | 72.63 |
| Borrowings | 0 | 0 | 0 | 1.99 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.55 | 2.92 | 1.02 | 1.02 | 0.75 | 0.02 | 0 | 0.09 | 0.01 | 0 |
| Total Liabilities | 53.76 | 55.6 | 61.65 | 58.77 | 57.2 | 61.38 | 78.38 | 80.94 | 83.13 | 85.13 |
| Fixed Assets | 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 | 0.94 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7.81 | 8.87 | 11.91 | 10.21 | 8.98 | 5.21 | 17.37 | 31.81 | 36.2 | 41.86 |
| Other Assets | 37.71 | 39.33 | 44.86 | 43.57 | 42.63 | 55.56 | 60.59 | 48.78 | 46.53 | 42.93 |
| Total Assets | 53.76 | 55.6 | 61.65 | 58.77 | 57.2 | 61.38 | 78.38 | 80.94 | 83.13 | 85.13 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.46 | -3.19 | -8.72 | 3.66 | -1.02 | 9.15 | 16.49 | 9.2 | -4.39 | -4.36 |
| Cash from Investing Activity | 2.01 | -1.06 | 17.15 | -16.87 | 3.49 | 11.15 | -9.27 | -47.77 | 2.39 | 5.13 |
| Cash from Financing Activity | -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 | -4.37 | 8.4 | -11.31 | 0.42 | 20.29 | 7.2 | -38.63 | -2.03 | 0.71 |
| Free Cash Flow | -1.56 | -2.97 | 7.12 | 3.19 | -1.97 | 12.83 | 16.96 | 9.2 | -4.52 | -4.38 |
| CFO/OP | 321 | 491 | 131 | -181 | 55 | -18620 | 636 | 304 | -112 | -134 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 30.33 | 65.88 | 39.71 | 48.51 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | — | 100.1 | 1733.75 | 172.05 | 2190 | — | — | — | — | — |
| Days Payable | — | 0 | 0 | 6.67 | 0 | — | — | — | — | — |
| Cash Conversion Cycle | 0 | 130.43 | 1799.63 | 205.1 | 2238.51 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 1909.84 | 177.74 | 2437.73 | 1014.68 | 5925.47 | 1863.75 | 1542.21 | 793.05 | 1181.58 | 1625.67 |
| ROCE % | 2.08 | 0.82 | -5.3 | 0.93 | 1.68 | -0.56 | 4.02 | 4.08 | 3.82 | 3.25 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% | 69.06% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 16.01% | 16.57% | 16.91% | 17.69% | 18.73% | 18.75% | 18.75% | 18.72% | 18.72% | 18.72% | 18.72% | 18.71% |
| Others | 14.86% | 14.3% | 13.96% | 13.17% | 12.14% | 12.12% | 12.12% | 12.15% | 12.15% | 12.15% | 12.15% | 12.15% |
| No. of Shareholders | 5865 | 6292 | 6606 | 7565 | 7825 | 8562 | 8584 | 8506 | 8397 | 8245 | 8158 | 8096 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23.7 | Buy |
| EMA (10) | 23.61 | Buy |
| SMA (20) | 23.28 | Buy |
| EMA (20) | 23.36 | Buy |
| SMA (50) | 22.56 | Buy |
| EMA (50) | 23.11 | Buy |
| SMA (100) | 23.56 | Buy |
| EMA (100) | 23.49 | Buy |
| SMA (200) | 24.81 | Sell |
| EMA (200) | 24.98 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.56 | Neutral |
| MACD (12,26,9) | 0.31 | Buy |
| Stochastic (14,3,3) | 67.18 | Neutral |
| ADX (14) | 33.09 | Buy |
| Williams %R (14) | -17.21 | Sell |
| ATR (14) | 2.02 | High Volatility |
| ROC (12) | 7.56 | Buy |
| Stoch RSI (14) | 63.11 | Neutral |
| UO (7,14,28) | 66.36 | Neutral |

## Filings & Documents

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-07 | [Results - Financial Results Jun 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9557ae57-76fa-4c1c-8ba0-fa5bb6132924.pdf) |
| 2026-05-22 | [Results-Financial Results - March 2026 31St](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6f2a656-ffcb-4142-8e88-89856617de4c.pdf) |
| 2026-02-06 | [Results- Decemeber 31St 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5440d4a5-6959-45ff-9787-0bba323e92ee.pdf) |
| 2025-11-06 | [Results - Financial For The Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=160d1b9b-06bc-4bbc-af8d-670b0f47ce63.pdf) |
| 2025-08-08 | [Results-Financial Results For The Quarter Ended June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=068bbdc8-3bdc-462f-9e4d-bb06806ce091.pdf) |
| 2025-05-21 | [Results - Financial Results For 31-03-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3126f49c-60b1-4848-9458-d8ca4990a963.pdf) |
| 2025-01-24 | [Results - Financial Results For The Quarter Ended 31St Dec 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23e05436-dd57-4180-a7e2-49c8eeeec55b.pdf) |
| 2024-10-25 | [Results- Financial Results Sep, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2f79db0-e836-4daf-a071-b6b3445a2fcb.pdf) |
| 2024-07-26 | [Results - Financial Results For Jun, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e257cd0f-e9a2-4aa5-b3f5-78f76f29f0d6.pdf) |
| 2024-05-17 | [Results - Financial Results - March 31St 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0a6f5ff-7c28-4cb2-b5ff-7fb153c478d8.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-28 | [Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI (LODR) 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40fc09a3-f50a-4ca9-97d6-c56e3bb4184b.pdf) |
| 2026-07-23 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d044c94-175c-4095-803e-668d8170fdf3.pdf) |
| 2026-07-23 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbfaaa24-0185-4862-8afb-af82560d9525.pdf) |
| 2026-07-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8b86901-72d7-4a91-a527-a1c8e81df577.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14f93393-e913-44d8-b1da-676715132719.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6541b8f9-8654-4f62-9481-f60ed4c602e9.pdf) |
| 2026-06-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4a0e703-09d4-4040-ad57-41c790f843c8.pdf) |
| 2026-06-24 | [Intimation Of 40Th Annual General Meeting Book Closure And Submission Of Annual Report For FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae821ef3-1500-468f-b86a-94a6314d884d.pdf) |
| 2026-05-25 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13052775-9aeb-461e-901c-da1912fdaf21.pdf) |
| 2026-05-22 | [Board Meeting Outcome for The Board Approved The Convening Of The 40Th AGM Of The Company Scheduled To Be Held On Thursday 23Rd July 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60ba4be1-3b00-4e53-80ac-58f46d69ad15.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - FCL received SFIO letter (2 Feb 2026) requesting information in Future Retail investigation (Order dated 31-Oct-2025). | [Details Sought From Company In Connection With The Investigation Into Affairs Of Future Retail Limited And Others_Notice Issued 9 Feb - FCL received SFIO letter (2 Feb 2026) requesting information in Future Retail investigation (Order dated 31-Oct-2025).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a517602-d3c1-45fe-a076-187068151540.pdf) |
| 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0fb3cd76-432d-4fe7-92ca-1d86e3726fb7.pdf) |
| 9 Apr - Company says no undisclosed event explains recent share price movement. | [Announcement Under Regulation (30) - Clarification On Price Movement 9 Apr - Company says no undisclosed event explains recent share price movement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e16bb3ac-e0b6-47f8-a713-b59de016855e.pdf) |
| 7 May - Board meeting on 22 May 2026 to approve FY26 audited results, annual report, and 40th AGM notice. | [Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations, 2015 7 May - Board meeting on 22 May 2026 to approve FY26 audited results, annual report, and 40th AGM notice.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a7cc8bfd-bacf-4001-9c44-c636941db2c6.pdf) |
| 6 Jan - Compliance certificate under reg 74(5) of SEBI (DP) regulations, 2018 for the quarter ended 31st December, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan - Compliance certificate under reg 74(5) of SEBI (DP) regulations, 2018 for the quarter ended 31st December, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9939241-7bb7-4cfd-998f-8a76a90359c9.pdf) |
| 31 Dec 2025 - Trading window closed 1 Jan 2026 until 48 hours after un-audited results for quarter ended 31 Dec 2025. | [Closure of Trading Window 31 Dec 2025 - Trading window closed 1 Jan 2026 until 48 hours after un-audited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/666f5785-416c-43dc-9562-63da5c8fb58b.pdf) |
| 23 Feb - NCLT hearing in Resurgent India vs Future Consumer; bench ordered 3-year balance sheets; listed for March 9, 2026. | [Update On NCLT Hearing - Resurgent India Special Situations Fund Vs Future Consumer Limited 23 Feb - NCLT hearing in Resurgent India vs Future Consumer; bench ordered 3-year balance sheets; listed for March 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5fdf2721-8500-4561-a78d-23fbdb570f29.pdf) |
| 16 Feb - SBI filed NCLT case; company filed reply; matter adjourned to 24 March 2026. | [Update On NCLT Hearing - SBI Vs Future Consumer Limited 16 Feb - SBI filed NCLT case; company filed reply; matter adjourned to 24 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe6abea9-7a20-44a6-acce-ec84d1e4f1f2.pdf) |
| 14 Jan - Board meeting 06-Feb-2026 to approve unaudited results for quarter ended 31-Dec-2025; trading window closed. | [Board Meeting Intimation for A Meeting Of The Board Of Ashirwad Steels & Industries Limited Is Scheduled To Be Held On Friday, 06Th February, 2026 At 3:00 P.M. 14 Jan - Board meeting 06-Feb-2026 to approve unaudited results for quarter ended 31-Dec-2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7451fcaa-a59d-4bff-a0da-6118276403ca.pdf) |
| 14 Feb - Results for the quarter ended 31st December,2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - Results for the quarter ended 31st December,2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f4e0700-1650-456d-9476-a5b5aef47795.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4a0e703-09d4-4040-ad57-41c790f843c8.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a7bbe45-f6a2-46bd-9f67-79302b5719b1.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/621a4934-5b81-4742-a866-47c24712d95b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80f7380a-4336-4a23-b08a-933b9912f6c6.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9607d805-65ab-4156-bf89-3adacfdc62f4.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02adf3ea-d2d2-4ae8-b749-c726ca8667d0.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533400/75406533400.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526847/73001526847.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533400/71059533400.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526847/68834526847.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2019 | [Concall - Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a90fcd4d-2e5d-42ef-80ca-afe24f70ce20.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc3b9c1e-6f21-49d0-b6f8-bccf1b465c62.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2eda8047-c0d9-4377-b283-89c0c7f65b43.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/98f35261-a766-417f-a84a-81d199c89478.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04bb5112-014d-4c1f-b36f-d6dd3d0d03ad.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/a37d3a6c-c49d-48ec-9f12-b4e44b52e406.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/b17d613a-9c14-484b-b832-dec7f11f1291.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a7753f9-5eeb-4899-ba5c-377116822e1e.pdf) |
| Jan 2020 | [Concall - Jan 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f22c999-c45c-4ee5-8d9f-2908ba93db69.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/76e0f924-5a20-4470-a783-1651bd0ff9e3.pdf) |

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