---
title: "Nova Steels (India) Ltd (NOVASTEEL) — Share Price, Financials & Analysis"
symbol: "NOVASTEEL"
company: "Nova Steels (India) Ltd"
canonical: "https://tapetide.com/stocks/NOVASTEEL"
nse_symbol: "NOVASTEEL"
generated_at: "2026-10-13T11:01:35.365Z"
---

# Nova Steels (India) Ltd (NOVASTEEL)

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

## Company

- **NSE Symbol:** NOVASTEEL
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -79% | -40% | -15% |

## Financial Statements

### Profit & Loss

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

| Item | Sep 2007 | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 6m |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 4.2 | 2.08 | 0.51 | 0.38 | 0.33 | 0.33 | 0.31 | 0.33 | 0.67 | 0.59 |
| Operating Profit | -4.2 | -2.08 | -0.52 | -0.38 | -0.33 | -0.33 | -0.31 | -0.33 | -0.67 | -0.59 |
| Other Income | 0 | 3.18 | 0.3 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -4.2 | 1.1 | -0.22 | -0.38 | -0.32 | -0.33 | -0.31 | -0.33 | -0.67 | -0.59 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -4.2 | 1.1 | -0.22 | -0.38 | -0.32 | -0.33 | -0.31 | -0.33 | -0.67 | -0.59 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Sep 2007 | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 46.64 | 46.64 | 46.64 | 46.64 | 46.64 | 46.64 | 46.64 | 46.64 | 46.64 | 46.64 |
| Reserves | -65.58 | -64.48 | -64.7 | -65.08 | -65.4 | -65.72 | -66.03 | -66.37 | -67.01 | -67.61 |
| Borrowings | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 18.15 | 18.08 | 18.06 | 18.45 | 18.8 | 19.16 | 19.4 | 19.74 | 20.38 | 20.99 |
| Total Liabilities | 1.21 | 0.24 | 0 | 0.01 | 0.04 | 0.08 | 0.01 | 0.01 | 0.01 | 0.02 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.85 | 0.24 | 0 | 0.01 | 0.04 | 0.08 | 0.01 | 0.01 | 0.01 | 0.02 |
| Total Assets | 1.21 | 0.24 | 0 | 0.01 | 0.04 | 0.08 | 0.01 | 0.01 | 0.01 | 0.02 |

### Cash Flow

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

| Item | Sep 2007 | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.09 | 1.77 | -0.15 | 0.01 | 0.03 | 0.04 | -0.07 | 0 | 0.01 | 0.01 |
| Cash from Investing Activity | 0 | 0.36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -0.09 | 0.13 | -0.15 | 0.01 | 0.03 | 0.04 | -0.07 | 0 | 0.01 | 0.01 |
| Free Cash Flow | -0.09 | 1.77 | -0.15 | 0.01 | 0.03 | 0.04 | -0.07 | 0 | 0.01 | 0.01 |
| CFO/OP | 2 | -85 | 29 | -3 | -9 | -12 | 23 | 0 | -1 | -2 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 8 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 53.08 | Sell |
| EMA (10) | 52.39 | Sell |
| SMA (20) | 54.61 | Sell |
| EMA (20) | 53.47 | Sell |
| SMA (50) | 54.79 | Sell |
| EMA (50) | 56.14 | Sell |
| SMA (100) | 61.84 | Sell |
| EMA (100) | 64.17 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.08 | Neutral |
| MACD (12,26,9) | -1.17 | Sell |
| Stochastic (14,3,3) | 17.53 | Buy |
| ADX (14) | 20.84 | Neutral |
| Williams %R (14) | -65.44 | Neutral |
| ATR (14) | 2.64 | High Volatility |
| ROC (12) | -7.99 | Sell |
| Stoch RSI (14) | 36.59 | Neutral |
| UO (7,14,28) | 42.14 | Neutral |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:35.365Z.