Ashirwad Steels & Industries (BSE 526847)₹21.50+0.37%Iron & Steel Products
In the Jun 2026 quarter (standalone), Ashirwad Steels & Industries reported sales of ₹0.55 Cr, up 34.1% from Jun 2025, and net profit of ₹0.50 Cr, up 2.0% year on year. For the year to Mar 2026, sales were ₹4.13 Cr and net profit ₹2.01 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| 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 | 0.24 | 0.35 | 0.87 | 0.36 | 0.29 | 0.35 | 0.84 | 0.41 | 0.49 | 0.55 | 0.82 | 0.55 |
| Expenses | 0.22 | 0.21 | 0.27 | 0.22 | 0.22 | 0.22 | 0.39 | 0.31 | 0.27 | 0.37 | 0.52 | 0.35 |
| Operating Profit | 0.00 | 0.11 | 0.57 | 0.11 | 0.04 | 0.10 | 0.42 | 0.07 | 0.19 | 0.15 | 0.27 | 0.17 |
| OPM % | 0.0% | 35.4% | 67.5% | 34.3% | 17.9% | 32.4% | 51.9% | 20.0% | 41.7% | 29.7% | 34.6% | 33.4% |
| Other Income | 0.71 | 0.70 | 0.79 | 0.71 | 0.68 | 0.60 | 0.55 | 0.66 | 0.67 | 0.42 | 0.38 | 0.60 |
| Interest | 0.00 | 0.04 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Profit before tax | 0.67 | 0.73 | 1.32 | 0.77 | 0.69 | 0.67 | 0.93 | 0.70 | 0.81 | 0.52 | 0.61 | 0.74 |
| Tax % | 26.5% | 23.0% | 32.3% | 23.0% | 27.1% | 30.9% | 23.4% | 29.6% | 25.6% | 15.0% | 24.2% | 32.0% |
| Net Profit | 0.49 | 0.56 | 0.89 | 0.59 | 0.50 | 0.46 | 0.71 | 0.49 | 0.61 | 0.43 | 0.45 | 0.50 |
| EPS (Rs) | 0.39 | 0.45 | 0.71 | 0.47 | 0.40 | 0.37 | 0.57 | 0.39 | 0.49 | 0.34 | 0.36 | 0.40 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.87 | 1.86 | 22.31 | 2.78 | 8.20 | 1.59 | 4.06 | 4.45 | 4.41 | 4.31 | 4.13 | 2.41 |
| Expenses | 2.90 | 2.27 | 22.87 | 7.39 | 10.25 | 3.43 | 4.09 | 1.54 | 1.06 | 1.08 | 1.35 | 1.51 |
| Operating Profit | −2.04 | −0.42 | −0.63 | −4.62 | −2.07 | −1.85 | −0.04 | 2.88 | 3.32 | 3.20 | 2.75 | 0.78 |
| OPM % | −238.3% | −23.2% | −2.9% | −167.1% | −25.4% | −117.7% | −1.2% | 65.1% | 75.7% | 74.7% | 67.0% | 32.4% |
| Other Income | 2.84 | 1.92 | 1.78 | 14.78 | −1.00 | 1.94 | 5.40 | 15.94 | 0.00 | 0.00 | 0.06 | 2.07 |
| Interest | 0.11 | 0.02 | 0.11 | 0.02 | 0.09 | 0.05 | 0.19 | 0.02 | 0.06 | 0.02 | 0.04 | 0.02 |
| Depreciation | 0.64 | 0.64 | 0.63 | 0.47 | 0.37 | 0.37 | 0.36 | 0.09 | 0.09 | 0.09 | 0.09 | 0.12 |
| Profit before tax | 0.02 | 0.81 | 0.38 | 9.58 | −3.52 | −0.34 | 4.76 | 18.59 | 3.17 | 3.09 | 2.67 | 2.68 |
| Tax % | −533.4% | 7.3% | −33.4% | 21.7% | 4.2% | −8.6% | 3.1% | 10.1% | 29.2% | 25.8% | 24.6% | — |
| Exceptional items | −0.20 | −0.15 | 0.04 | 10.10 | −4.11 | −1.26 | 6.03 | 17.50 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.17 | 0.75 | 0.51 | 7.49 | −3.66 | −0.30 | 4.60 | 16.69 | 2.25 | 2.29 | 2.01 | 1.99 |
| EPS (Rs) | 0.13 | 0.60 | 0.41 | 6.01 | −2.93 | −0.24 | 3.69 | 13.39 | 1.80 | 1.83 | 1.61 | 1.59 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.48 | 12.48 | 12.47 | 12.48 | 12.49 | 12.49 | 12.48 | 12.48 | 12.50 | 12.50 | 12.50 | 12.47 |
| Reserves | 38.00 | 38.15 | 39.65 | 40.13 | 48.07 | 43.22 | 43.89 | 48.80 | 65.82 | 68.28 | 70.57 | 72.54 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 2.57 | 2.22 | 1.54 | 2.91 | 1.01 | 1.01 | 0.74 | 0.01 | 0.00 | 0.08 | 0.00 | 0.00 |
| Total Liabilities | 53.05 | 52.85 | 53.66 | 55.52 | 61.57 | 58.72 | 57.11 | 61.29 | 78.32 | 80.86 | 83.07 | 85.01 |
| Fixed Assets | 9.14 | 8.73 | 8.21 | 7.37 | 4.86 | 4.97 | 4.63 | 0.60 | 0.41 | 0.34 | 0.39 | 0.33 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.93 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.45 | 3.01 | 7.79 | 8.86 | 11.90 | 10.20 | 8.97 | 5.20 | 17.35 | 31.76 | 36.18 | 41.78 |
| Other Assets | 39.46 | 41.11 | 37.66 | 39.29 | 44.81 | 43.55 | 42.58 | 55.49 | 60.56 | 48.76 | 46.50 | 42.90 |
| Inventories | 3.99 | 3.14 | 2.27 | 5.47 | 9.32 | 3.88 | 3.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 0.04 | 0.00 | 0.00 | 1.84 | 0.49 | 0.88 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & equivalents | 12.38 | 19.91 | 4.26 | 3.46 | 0.40 | 0.28 | 0.78 | 2.96 | 0.74 | 2.47 | 0.45 | 1.16 |
| Total Assets | 53.05 | 52.85 | 53.66 | 55.52 | 61.57 | 58.72 | 57.11 | 61.29 | 78.32 | 80.86 | 83.07 | 85.01 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 3.94 | −0.66 | −1.45 | −3.18 | −8.70 | 3.65 | −1.01 | 9.13 | 16.47 | 9.18 | −4.38 | −4.35 |
| Cash from investing activity | 0.85 | 5.33 | 2.02 | −1.07 | 17.16 | −16.88 | 3.50 | 11.16 | −9.28 | −47.78 | 2.40 | 5.14 |
| Cash from financing activity | −4.29 | 2.90 | −0.03 | −0.12 | −0.04 | 1.91 | −2.06 | −0.02 | −0.03 | −0.07 | −0.04 | −0.06 |
| Net cash flow | 0.54 | 7.55 | 0.52 | −4.38 | 8.41 | −11.32 | 0.43 | 20.30 | 7.19 | −38.64 | −2.02 | 0.70 |
| Capex | 0.00 | 0.23 | 0.11 | 0.02 | 2.17 | 0.48 | 0.02 | 1.31 | 0.02 | 0.00 | 0.14 | 0.03 |
| Free cash flow | 4.11 | 3.21 | −1.57 | −2.98 | 7.13 | 3.20 | −1.98 | 12.86 | 16.98 | 9.21 | −4.53 | −4.39 |
| CFO / OP % | −166.9% | 46.0% | 321.0% | 491.0% | 131.0% | −181.0% | 55.1% | −18,620.0% | 636.1% | 304.0% | −112.0% | −134.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 4 | 0 | 0 | 30 | 66 | 40 | 49 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | 326 | 1,360 | — | 100 | 1,734 | 172 | 2,190 | — | — | — | — | — |
| Days payable | 0 | 0 | — | 0 | 0 | 7 | 0 | — | — | — | — | — |
| Cash conversion cycle | 330 | 1,360 | 0 | 130 | 1,800 | 205 | 2,239 | 0 | 0 | 0 | 0 | 0 |
| Working capital days | 1,533 | 7,754 | 1,910 | 178 | 2,438 | 1,015 | 5,925 | 1,864 | 1,542 | 793 | 1,182 | 1,626 |
| ROCE % | 0.2% | 1.0% | 2.1% | 0.8% | −5.3% | 0.9% | 1.7% | −0.6% | 4.0% | 4.1% | 3.8% | 3.3% |
For the Jun 2026 quarter, Ashirwad Steels & Industries reported sales of ₹0.55 Cr, up 34.1% year on year and net profit of ₹0.50 Cr, up 2.0% year on year. The operating margin was 33.4%.
Ashirwad Steels & Industries' sales for the year to Mar 2026 were ₹4.13 Cr; over the last twelve months they were ₹2.41 Cr.
Net profit for the year to Mar 2026 was ₹2.01 Cr, and ₹1.99 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.59.
Ashirwad Steels & Industries reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹1.16 Cr.
Cash from operations was −₹4.35 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹4.39 Cr.