Earthstahl & Alloys Limited

Earthstahl & Alloys Limited

BBSE:EARTH
14.00
INR
+0.01
(+0.07%)
225.71MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
25.86
19.7
39.93
97.13
71.85
59.05
50.32
- -
Basic EPS, GAAP
-0.27
2.18
6.12
7.94
1.55
0.44
-4
- -
Free Cash Flow per Basic Share
0.66
4.68
1.14
4.35
-2.85
-8.51
3.61
- -
Dividend per Share
- -
- -
- -
- -
0.5
- -
- -
- -
Book Value per Share
4.09
6.27
12.39
29.12
30.16
30.6
26.59
26.59
Tangible Book Value per Share
4.09
6.27
12.39
29.12
30.16
30.6
26.59
26.59
Basic Weighted Avg Shares
12
12
12
9
12
12
12
12
Sales/Revenue/Turnover
317
241
489
918
879
723
616
- -
Operating Margin (%)
3.91
19.54
24.43
11.55
3.49
1.94
-9.28
- -
Depreciation Expense
14
15
15
21
22
26
31
- -
Net Income, GAAP
-3
27
75
75
19
5
-49
- -
Effective Tax Rate (%)
- -
21.89
31.49
22.01
39.19
29.05
- -
- -
Profit Margin (%)
-1.06
11.08
15.33
8.18
2.15
0.74
-7.95
- -
Working Capital
-46
-23
35
89
5
-6
-24
-24
LT Debt
131
119
114
68
77
83
86
86
Total Equity
50
77
152
356
369
375
326
326
Return on Invested Capital (%)
- -
17.48
31.14
20.24
3.73
1.85
- -
- -
Return on Capital (%)
- -
18.36
32.31
21.19
4.96
2.49
- -
- -
Return on Common Equity (%)
- -
42.17
65.58
29.56
5.21
1.44
-13.99
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
100
114
62
LT Borrowings
83
89
86
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
345
266
226

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
195
188
133
Cash, Cash Equivalents & STI
1
- -
1
Accounts Receivable, Net
17
12
12
Inventories
163
163
107
Total Current Liabilities
201
215
158
Payables & Accruals
- -
- -
- -
ST Debt
100
114
62
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
44.91%
-13.08%
Free Cash Flow
- -
-1.72%
-142.39%
Net Income, GAAP
- -
-196.78%
-1,017.76%
Sales/Revenue/Turnover
- -
30.74%
-14.79%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
879
2025
- -
- -
723
2026
- -
- -
616

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.55
2025
- -
- -
0.44
2026
- -
- -
-4

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.5
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Utsabanand Nath
Full Time Employees
112
Sector
Non-energy minerals
Industry
Steel
Address
Duldula Village, Simga Tehsil, Baloda Bazar Bhatapara CT India 493101
IPO Date
Feb 8, 2023
Business
Earthstahl & Alloys Limited manufactures cast iron lumps and ductile iron pipe fittings in India. The company produces cast iron lumps using reclaimed steel prills from induction furnace slag, mill scale, blast furnace skull particles, PCM fines, and briquetted sponge iron fines through a submerged arc furnace; ductile iron pipe fittings in the range of DN 80 mm to DN 600 mm in accordance with IS 9523, EN545, and equivalent international standards for water and sewerage applications; ductile iron double flanged pipes, flanged pipe screwed/welded pipes per IS 8329; and high-end castings via lost foam process including ductile iron, cast iron, steel, alloy, and non-ferrous castings for pellet plants, cement plants, sponge iron plants, power plants, sinter plants, automobiles, railways, mining, engineering items, agriculture equipment, pipes, and fittings. Earthstahl operates a manufacturing facility in Duldula Village, Simga Tehsil, Baloda Bazar, Chhattisgarh, strategically located near raw material sources and end-user plants along the Raipur-Bilaspur National Highway. Founded in 2009 as a greenfield project by first-generation entrepreneurs and technocrats, the company converted from private to public limited status in September 2022 and listed on the BSE SME platform in February 2023 following an initial public offering of 3.24 million equity shares. Certifications include WRAS product conformity, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018; recent developments encompass board appointments of independent directors Surendra Kumar Jain and Vinod Kumar Arora in January 2023, appointment of Padma Somani as whole-time director in January 2023, a board-approved final dividend of 5% per share in May 2024, change in registered office address in 2024, and intimation of amalgamation of certain promoter group entities in November 2025.