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    Steel
Ashiana Ispat Limited

Ashiana Ispat Limited

ASHIS.BO
Ashiana Ispat LimitedIN flagBombay Stock Exchange
17.50
INR
+0.18
- -
139.38MMarket Cap
Ashiana Ispat Limited
ASHIS.BO
(Bombay Stock Exchange)

Recent

price

17.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
457.11
580.71
642.25
635.8
625.76
629.28
443.37
455.15
478.17
553.45
388.72
370.36
550.76
583.28
404.07
177.7
1,378.53
Revenue per Share
5
5.21
5.59
0.34
5.16
4.67
1.49
6.93
5.72
5.36
-14.72
1.45
1.27
3.76
1.85
-58.63
-4.62
Basic EPS, GAAP
- -
-4.36
-5.84
10.71
13.77
15.58
15.43
25.13
-3.79
-22.65
-9.26
3.65
9.52
-2.64
-2.37
14.49
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
9.46
43.11
43.36
48.51
52.98
53.35
58.54
53.67
46.78
31.94
33.39
34.96
38.72
40.57
-18.06
- -
Book Value per Share
- -
35.94
43.11
43.36
48.51
52.98
53.35
58.54
63.9
54.69
39.85
41.3
42.87
46.63
48.58
-9.98
- -
Tangible Book Value per Share
4
4
4
4
4
4
4
4
6
8
8
8
8
8
8
8
8
Basic Weighted Avg Shares
1,930
2,593
2,737
2,709
2,666
2,682
1,922
2,032
2,946
4,408
3,096
2,950
4,387
4,646
3,218
1,415
11,088
Sales/Revenue/Turnover
3.74
2.85
3.41
1.7
3.38
2.46
0.03
1.39
3.54
2.27
-1.93
2.48
1.87
2.07
2.89
-10.24
-1.01
Operating Margin (%)
12
13
14
14
16
14
14
15
13
13
13
13
20
22
19
18
5
Depreciation Expense
21
23
24
1
22
20
6
31
35
43
-117
12
10
30
15
-467
-37
Net Income, GAAP
34.7
33.1
32.57
- -
22.8
32.02
26.03
30.05
35.1
26.02
- -
19.82
35.34
12.98
26.45
- -
- -
Effective Tax Rate (%)
1.09
0.9
0.87
0.05
0.82
0.74
0.34
1.52
1.2
0.97
-3.79
0.39
0.23
0.65
0.46
-32.99
-0.34
Profit Margin (%)
- -
88
105
133
201
489
336
389
411
344
234
269
297
391
326
-201
- -
Working Capital
- -
85
106
129
169
383
209
240
138
195
250
296
308
327
217
- -
- -
LT Debt
- -
160
184
185
207
226
231
261
394
436
317
329
341
371
387
-80
- -
Total Equity
- -
20.7
11.63
- -
11.1
6.03
0.05
2.6
8.63
7.54
- -
5.11
4.44
6.69
5.08
- -
- -
Return on Invested Capital (%)
- -
27.84
12.59
- -
11.01
8.19
5.04
7.4
9.19
8.3
- -
5.28
4.84
7.6
5.37
- -
- -
Return on Capital (%)
- -
110.23
21.08
0.79
11.23
9.2
2.83
12.56
11.9
12.14
-37.39
4.43
3.72
10.21
4.66
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
788
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
8
- -
Market Capitalization
178
152
220

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
1,953
- -
Cash, Cash Equivalents & STI
- -
68
- -
Accounts Receivable, Net
- -
1,185
- -
Inventories
- -
231
- -
Total Current Liabilities
- -
2,069
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
788
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.06%
-20.03%
-120.55%
Free Cash Flow
-26.72%
-165.71%
-711.94%
Net Income, GAAP
-327.87%
-649.92%
-3,272.56%
Sales/Revenue/Turnover
0.54%
-7.37%
-56.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
593
966
767
900
3,218
2025
1,088
322
- -
5
1,415
2026
872
4,085
6,126
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.55
1.08
0.81
0.49
1.85
2025
3.98
-6.14
-4.32
-52.09
-58.63
2026
-0.43
0.43
47.5
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Ashiana Ispat Limited manufactures thermo-mechanically treated (TMT) bars and high-strength deformed (HSD) bars for the construction, engineering, automotive, and infrastructure sectors; its core products include Turbo TMT bars in diameters from 8mm to 32mm and grades Fe-415, Fe-500, and Fe-550, as well as branded offerings such as Al Kamdhenu Gold TMT Bars, Ashiana Khamdhenu HSD Bars, CTD bars, Kamdhenu NXT, and KAY2 Xenox. Incorporated in 1992 and headquartered in Bhiwadi, Alwar District, Rajasthan, with a corporate office in New Delhi, the ISO 9001:2015-certified company operates an integrated steel rolling mill and maintains a widespread dealer and distributor network across most districts of India. In fiscal year 2022-23, Ashiana Ispat expanded its production capacity from 134,000 metric tons to 240,000 metric tons per annum to meet rising construction demand; in 2025, it accelerated pan-India operations by entering service agreements with four additional independent production units in Telangana, Orissa, and Chhattisgarh, increasing total partnerships to sixteen amid surging demand for Al Kamdhenu Gold products. The company trades on the Bombay Stock Exchange under ticker ASHIS.BO (ISIN: INE587D01012) and focuses on domestic markets through its R&D-driven emphasis on technological innovations for high-value steel.