BSE: 513401 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashiana Ispat Ltd is a below average quality company.
The key valuation ratios of Ashiana Ispat Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashiana Ispat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.2% | 7% | 10.8% | 13.8% | 10.8% | -5.3% | 6.5% | 7.2% | 8.6% | 8.2% | - |
| Value Creation Index ⓘ | -0.1 | -0.5 | -0.2 | 0.0 | -0.2 | -1.4 | -0.5 | -0.5 | -0.4 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 268 | 192 | 203 | 295 | 441 | 310 | 295 | 439 | 465 | 322 | 372 |
| Sales YoY Gr. | - | -28.3% | 5.8% | 45% | 49.6% | -29.8% | -4.7% | 48.7% | 5.9% | -30.7% | - |
| Adj EPS ⓘ | 4.6 | 1.5 | 6 | 4.4 | 5.3 | -14.7 | 1.5 | 1.3 | 3.8 | 0.9 | 6.4 |
| YoY Gr. | - | -68.6% | 313.1% | -27.1% | 22% | -376.2% | NA | -18.3% | 201.6% | -75.9% | - |
| BVPS (₹) ⓘ | 53 | 51.8 | 58.5 | 49.4 | 54.7 | 39.9 | 41.3 | 42.9 | 46.6 | 48.6 | 52.6 |
| Adj Net Profit ⓘ | 2.1 | 0.7 | 2.7 | 3.5 | 4.2 | -11.7 | 1.2 | 1 | 3 | 0.7 | 5 |
| Cash Flow from Ops. ⓘ | -10.7 | 7.9 | 12.6 | 2.2 | -3.7 | 1.5 | 7.3 | 10.5 | -1.8 | -1.6 | - |
| Debt/CF from Ops. ⓘ | -5.9 | 7.1 | 3.6 | 19.4 | -17.8 | 51.5 | 11.8 | 8.1 | -51.3 | -63.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.1% | -6.1% | 3% | -30.7% | ||||
| Adj EPS ⓘ | -16.5% | -29.8% | -15.9% | -75.9% | ||||
| BVPSⓘ | -1% | -2.3% | 5.6% | 4.2% | ||||
| Share Price | 11.2% | 33.3% | 36% | 49.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.5 | 2.8 | 10.9 | 10.6 | 10.2 | -31.1 | 3.8 | 3 | 8.4 | 1.9 | 12.6 |
| Op. Profit Mgn % ⓘ | 3 | 0.8 | 2.1 | 4 | 2.6 | -1.5 | 2.9 | 2.3 | 2.6 | 3.2 | 4 |
| Net Profit Mgn % ⓘ | 0.8 | 0.3 | 1.3 | 1.2 | 1 | -3.8 | 0.4 | 0.2 | 0.7 | 0.2 | 1.4 |
| Debt to Equity ⓘ | 2.8 | 2.4 | 1.7 | 1.1 | 1.5 | 2.5 | 2.6 | 2.5 | 2.5 | 2.6 | - |
| Working Cap Days ⓘ | 113 | 155 | 134 | 102 | 86 | 130 | 133 | 96 | 100 | 158 | 69 |
| Cash Conv. Cycle ⓘ | 61 | 106 | 99 | 80 | 62 | 89 | 90 | 63 | 57 | 86 | 17 |
Return on Equity has increased versus last 3 years average to 12.60%
Debt to equity has declined versus last 3 years average to 2.62
Sales growth is good in last 4 quarters at 12.48%
Sales growth has been subdued in last 3 years 2.95%
Net Profit has been subdued in last 3 years -15.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.4 | - |
| TTM Sales (₹ Cr.) | 372 | - |
| BVPS (₹.) ⓘ | 52.6 | - |
| Reserves (₹ Cr.) ⓘ | 34 | - |
| P/BV ⓘ | 0.84 | - |
| PE ⓘ | 6.89 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 28.02 / 62.65 |
| All Time Low / High (₹) | 1.00 / 62.65 |
| Market Cap (₹ Cr.) | 35 |
| Equity (₹ Cr.) | 8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 268.16 | 192.16 | 203.21 | 294.65 | 440.82 | 309.61 | 294.98 | 438.67 | 464.57 | 321.84 |
| Operating Expenses ⓘ | 260.12 | 190.72 | 198.94 | 282.91 | 429.48 | 314.27 | 286.48 | 428.49 | 452.74 | 311.53 |
| Manufacturing Costs | 31.25 | 29.12 | 34.97 | 41.16 | 40.66 | 25.67 | 16.50 | 22.83 | 25.95 | 21.90 |
| Material Costs | 220.85 | 155.20 | 157.10 | 228.04 | 366.83 | 272.47 | 260.37 | 393.88 | 413.79 | 277.60 |
| Employee Cost | 1.50 | 1.15 | 1.25 | 1.64 | 2.05 | 2.02 | 1.70 | 2.66 | 3.30 | 4.69 |
| Other Costs ⓘ | 6.51 | 5.25 | 5.62 | 12.07 | 19.94 | 14.11 | 7.92 | 9.13 | 9.70 | 7.34 |
| Operating Profit ⓘ | 8.04 | 1.45 | 4.28 | 11.74 | 11.34 | -4.67 | 8.50 | 10.18 | 11.83 | 10.31 |
| Operating Profit Margin (%) | 3.0% | 0.8% | 2.1% | 4.0% | 2.6% | -1.5% | 2.9% | 2.3% | 2.5% | 3.2% |
| Other Income ⓘ | 2.52 | 5.70 | 5.32 | 0.22 | 0.36 | 0.19 | 0.16 | 0.35 | 0.97 | 2.63 |
| Interest ⓘ | 6.10 | 4.89 | 3.71 | 5.21 | 4.58 | 6.01 | 5.96 | 6.98 | 7.14 | 9.02 |
| Depreciation ⓘ | 1.53 | 1.39 | 1.46 | 1.32 | 1.34 | 1.31 | 1.26 | 1.98 | 2.22 | 1.92 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2.93 | 0.88 | 4.42 | 5.43 | 5.77 | -11.80 | 1.44 | 1.57 | 3.44 | 2 |
| Tax ⓘ | 0.94 | 0.23 | 1.33 | 1.91 | 1.50 | -0.08 | 0.28 | 0.55 | 0.45 | 0.53 |
| Profit After Tax | 1.99 | 0.65 | 3.09 | 3.52 | 4.27 | -11.72 | 1.15 | 1.01 | 3 | 1.47 |
| PAT Margin (%) | 0.7% | 0.3% | 1.5% | 1.2% | 1.0% | -3.8% | 0.4% | 0.2% | 0.6% | 0.5% |
| Adjusted EPS (₹) | 4.7 | 1.5 | 6.9 | 4.4 | 5.4 | -14.7 | 1.5 | 1.3 | 3.8 | 1.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 22.58 | 23.12 | 26.14 | 39.37 | 43.56 | 31.74 | 32.89 | 34.14 | 37.14 | 38.69 |
| Share Capital ⓘ | 4.26 | 4.46 | 4.46 | 7.96 | 7.96 | 7.96 | 7.96 | 7.96 | 7.96 | 7.96 |
| Reserves ⓘ | 18.31 | 18.66 | 21.67 | 31.41 | 35.60 | 23.77 | 24.93 | 26.18 | 29.18 | 30.73 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 62.53 | 55.66 | 45.30 | 43 | 65.83 | 78.72 | 81.26 | 78.75 | 82.23 | 95.73 |
| Long Term Debt | 38.31 | 20.87 | 24.03 | 13.80 | 19.07 | 24.91 | 29.64 | 30.77 | 32.68 | 21.70 |
| Short Term Debt | 24.23 | 34.79 | 21.27 | 29.20 | 46.77 | 53.81 | 51.62 | 47.98 | 49.55 | 74.03 |
| Trade Payables | 16.73 | 13.13 | 5.77 | 12.15 | 30.24 | 22.52 | 27.84 | 30.51 | 34.77 | 25.47 |
| Others Liabilities ⓘ | 8.44 | 8.68 | 11.63 | 9.02 | 5.84 | 4.03 | 7.73 | 11.21 | 16.55 | 13.47 |
| Total Liabilities ⓘ | 110.28 | 100.60 | 88.84 | 103.54 | 145.48 | 137.01 | 149.72 | 154.61 | 170.70 | 173.37 |
Fixed Assets | ||||||||||
| Gross Block | 18.06 | 19.19 | 20.18 | 21.97 | 22.99 | 23.12 | 22.49 | 49.22 | 49.39 | 46.55 |
| Accumulated Depreciation | 8.77 | 10.16 | 11.41 | 12.37 | 12.71 | 13.99 | 14.90 | 15.33 | 17.46 | 17.12 |
| Net Fixed Assetsⓘ | 9.29 | 9.03 | 8.77 | 9.60 | 10.28 | 9.13 | 7.59 | 33.90 | 31.92 | 29.43 |
| CWIP ⓘ | 0 | 0.06 | 0 | 0 | 12.20 | 20.98 | 25.48 | 0 | 0 | 0 |
| Investmentsⓘ | 0.88 | 0.88 | 0 | 2.38 | 2.34 | 2.30 | 2.26 | 0 | 0.10 | 0.14 |
| Inventories | 17.14 | 25.81 | 22.91 | 26.89 | 33.79 | 15.98 | 20.25 | 25.77 | 34.12 | 43.97 |
| Trade Receivables | 61.90 | 53.68 | 43.89 | 58.47 | 75.60 | 77.38 | 84.38 | 79.68 | 73.24 | 62.30 |
| Cash Equivalents | 6.19 | 1.53 | 0.97 | 1.17 | 1.88 | 1.58 | 1.36 | 1.38 | 1.28 | 2.17 |
| Others Assetsⓘ | 14.88 | 9.60 | 12.30 | 5.03 | 9.39 | 9.67 | 8.40 | 13.88 | 30.03 | 35.37 |
| Total Assets ⓘ | 110.28 | 100.60 | 88.84 | 103.54 | 145.48 | 137.01 | 149.72 | 154.61 | 170.70 | 173.37 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -10.69 | 7.88 | 12.63 | 2.22 | -3.72 | 1.54 | 7.25 | 10.51 | -1.78 | -1.60 |
| PBT ⓘ | 2.93 | 0.88 | 4.42 | 5.43 | 5.77 | -11.80 | 1.44 | 1.57 | 3.44 | 2 |
| Adjustment ⓘ | 6.71 | 6.06 | 4.23 | 6.31 | 5.56 | 7.13 | 7.08 | 9.01 | 8.61 | 10.15 |
| Changes in Working Capital ⓘ | -20.34 | 1.24 | 4.07 | -9.43 | -14.97 | 6.3 | -1.28 | -0.31 | -13.83 | -13.75 |
| Tax Paid ⓘ | 0.01 | -0.30 | -0.09 | -0.10 | -0.09 | -0.10 | 0 | 0.24 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.01 | -0.98 | -0.12 | -4.35 | -13.87 | -9.02 | -3.86 | -2.86 | 2.58 | 0.53 |
| Capex | -1.03 | -1.19 | -1.16 | -4.47 | -14.14 | -8.91 | -4.21 | -2.68 | 2.84 | 1.61 |
| Net Investments | 0 | 0 | 0.69 | -0.05 | -0.05 | -0.30 | 0.18 | -0.05 | -0.15 | -0.88 |
| Others ⓘ | 1.02 | 0.21 | 0.35 | 0.17 | 0.32 | 0.19 | 0.16 | -0.13 | -0.11 | -0.20 |
| Cash Flow From Financing Activityⓘ | 13.97 | -11.56 | -13.87 | 2.28 | 18.25 | 6.88 | -3.43 | -7.67 | -0.95 | 1.08 |
| Net Proceeds from Shares ⓘ | 0 | 0.20 | 0 | 9.80 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 3.36 | -10.23 | 5.27 | 5.85 | 4.72 | 1.13 | 1.91 | -10.98 |
| Interest Paid ⓘ | -6.10 | -4.89 | -3.71 | -5.21 | -4.58 | -6.01 | -5.96 | -6.98 | -7.14 | -9.02 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 20.07 | -6.87 | -13.52 | 7.93 | 17.57 | 7.04 | -2.19 | -1.81 | 4.28 | 21.08 |
| Net Cash Flow ⓘ | 3.27 | -4.66 | -1.36 | 0.15 | 0.66 | -0.60 | -0.04 | -0.02 | -0.15 | 0.01 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.2 | 2.83 | 12.56 | 10.76 | 10.3 | -31.13 | 3.57 | 3.02 | 8.41 | 3.88 |
| ROCE (%) | 12.16 | 7.02 | 10.8 | 13.82 | 10.78 | -5.25 | 6.45 | 7.19 | 8.55 | 8.21 |
| Asset Turnover Ratio | 2.78 | 2.05 | 2.42 | 3.14 | 3.55 | 2.2 | 2.07 | 2.88 | 2.86 | 1.87 |
| PAT to CFO Conversion(x) | -5.37 | 12.12 | 4.09 | 0.63 | -0.87 | N/A | 6.3 | 10.41 | -0.59 | -1.09 | Working Capital Days |
| Receivable Days | 69 | 98 | 78 | 62 | 55 | 90 | 100 | 68 | 60 | 77 |
| Inventory Days | 21 | 36 | 39 | 30 | 25 | 29 | 22 | 19 | 24 | 44 |
| Payable Days | 34 | 35 | 22 | 14 | 21 | 35 | 35 | 27 | 29 | 40 |
Ashiana Ispat Limited is an ISO 9001:2000 certified company by ABN Quality Evaluation System USA established in 1992 with an objective of producing premium steel bars to offer unmatched, unbeatable strength for constructions. The company's registred office is located at A-1116 RIICO Industrial Area, Phase III, Bhiwadi{ALWAR} ,Rajasthan.
Business Profile :
Ashiana, largest manufacturer of the Turbo TMT re-bars ranging from 8-32 mm in diameter coming in Fe-415, Fe-500, and Fe-550 Grades as per IS: 1786-1985 Parameters, the very heart of any infrastructure development by the name Kamdhenu Saria, a ready beckoner in trust and strength in Indian construction industry.
Ashiana's Product quality and excellence lies in a state-of-the-art automatic plant coupled with German Technology and a well equipped R & D laboratory where stringent care is taken to control product quality and entire production units is closely monitored by a team of qualified professionals.
Products:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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