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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 513401 | NSE: ASHIS

Fundamental Analysis of Ashiana Ispat Ltd

Basic Stock Data

Last Updated: April 23, 2024, 1:29 pm

Market Cap 35.5 Cr.
Current Price 44.6
High / Low56.2/26.4
Stock P/E30.6
Book Value 47.2
Dividend Yield0.00 %
ROCE8.55 %
ROE8.42 %
Face Value 10.0

Data Source: screener.in

Competitors of Ashiana Ispat Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kalyani Steels Ltd 3,809 Cr. 8721,078/31515.0 3591.15 %13.3 %11.7 % 5.00
ISMT Ltd 3,089 Cr. 103112/68.217.9 52.20.49 %10.8 %6.13 % 5.00
Ahmedabad Steelcraft Ltd 17.7 Cr. 43.253.3/16.8 59.80.00 %2.26 %2.42 % 10.0
Sunflag Iron & Steel Company Ltd 3,753 Cr. 208249/13926.8 2630.00 %11.9 %8.78 % 10.0
Industry Average2,667.18 Cr306.5514.93183.500.41%9.57%7.26%7.50

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales94.06109.8681.51117.08112.03128.06143.94112.2065.28143.1559.2996.6476.66
Expenses91.48107.7178.98114.13109.58125.80140.74108.0862.18141.7356.8893.3872.98
Operating Profit2.582.152.532.952.452.263.204.123.101.422.413.263.68
OPM %2.74%1.96%3.10%2.52%2.19%1.76%2.22%3.67%4.75%0.99%4.06%3.37%4.80%
Other Income0.090.070.000.030.220.080.000.000.030.940.000.010.01
Interest1.681.501.591.841.771.781.871.791.781.702.261.822.29
Depreciation0.300.320.440.920.610.020.560.560.570.540.500.480.47
Profit before tax0.690.400.500.220.290.540.771.770.780.12-0.350.970.93
Tax %28.99%17.50%10.00%40.91%48.28%50.00%16.88%7.91%17.95%25.00%-25.71%11.34%30.11%
Net Profit0.490.330.460.130.150.270.641.620.650.09-0.440.860.65
EPS in Rs0.620.410.580.160.190.340.802.030.820.11-0.551.080.82

Last Updated: April 10, 2024, 6:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:43 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales274271267268192203295441310295439465376
Expenses263265256260191199283429314286428453365
Operating Profit116108141211-59101211
OPM %4%2%4%3%1%2%4%3%-2%3%2%3%3%
Other Income-0202650000011
Interest6666545566778
Depreciation1122111111222
Profit before tax40331456-121232
Tax %33%-15%23%32%26%30%35%26%1%19%35%13%
Net Profit20221344-121131
EPS in Rs5.330.344.934.461.466.924.425.36-14.711.441.273.771.46
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-100.00%0.00%-50.00%200.00%33.33%0.00%-400.00%108.33%0.00%200.00%
Change in YoY Net Profit Growth (%)0.00%100.00%-50.00%250.00%-166.67%-33.33%-400.00%508.33%-108.33%200.00%

Growth

Compounded Sales Growth
10 Years:6%
5 Years:10%
3 Years:14%
TTM:-16%
Compounded Profit Growth
10 Years:29%
5 Years:-3%
3 Years:31%
TTM:-64%
Stock Price CAGR
10 Years:18%
5 Years:12%
3 Years:52%
1 Year:23%
Return on Equity
10 Years:3%
5 Years:-1%
3 Years:5%
Last Year:8%

Last Updated: April 16, 2024, 1:04 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444448888888
Reserves14141618192231362425262930
Borrowings42434363564643667986859193
Other Liabilities37524225221721362631354244
Total Liabilities9711410511010189104145137150155171175
Fixed Assets11101099912131110363230
CWIP0000000122125000
Investments2111100000000
Other Assets8310294100918092121105114118139144
Total Assets9711410511010189104145137150155171175

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -157-118132-42811-2
Cash from Investing Activity -11-0-0-1-0-4-14-9-4-33
Cash from Financing Activity 4-5-714-12-142187-3-8-1
Net Cash Flow12-03-5-101-1-0-0-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-31.00-37.00-33.00-55.00-55.00-42.00-31.00-55.00-84.00-77.00-75.00-79.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days57906984102797263911046658
Inventory Days211730286153433421282430
Days Payable356141283113193030382831
Cash Conversion Cycle44465885132119966682956257
Working Capital Days535459911271068666891016976
ROCE %17%10%14%12%7%10%14%11%-5%7%7%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%
Public58.41%58.41%58.41%58.41%58.41%58.41%58.41%58.41%58.40%58.40%58.41%58.40%
No. of Shareholders10,39710,36710,35710,46510,45310,43510,44410,47610,87810,80110,94511,062

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.761.271.45-14.725.36
Diluted EPS (Rs.)3.761.271.45-14.725.36
Cash EPS (Rs.)6.553.763.03-13.077.04
Book Value[Excl.RevalReserv]/Share (Rs.)46.6342.8741.3039.8554.69
Book Value[Incl.RevalReserv]/Share (Rs.)46.6342.8741.3039.8554.69
Revenue From Operations / Share (Rs.)583.28550.76370.36388.72553.45
PBDIT / Share (Rs.)16.0713.2210.88-5.6214.68
PBIT / Share (Rs.)13.2910.739.29-7.2713.00
PBT / Share (Rs.)4.321.971.80-14.817.25
Net Profit / Share (Rs.)3.761.271.45-14.725.36
PBDIT Margin (%)2.752.402.93-1.442.65
PBIT Margin (%)2.271.942.50-1.862.34
PBT Margin (%)0.740.350.48-3.811.30
Net Profit Margin (%)0.640.230.39-3.780.96
Return on Networth / Equity (%)8.062.963.50-36.939.80
Return on Capital Employeed (%)14.7012.8211.63-10.0216.15
Return On Assets (%)1.750.650.77-8.552.93
Long Term Debt / Equity (X)0.870.900.900.780.43
Total Debt / Equity (X)2.462.492.472.481.51
Asset Turnover Ratio (%)2.862.882.062.193.54
Current Ratio (X)1.401.341.311.301.42
Quick Ratio (X)1.051.041.081.091.01
Inventory Turnover Ratio (X)13.2317.1914.3611.1212.02
Interest Coverage Ratio (X)1.791.511.45-0.742.55
Interest Coverage Ratio (Post Tax) (X)1.421.151.19-0.941.93
Enterprise Value (Cr.)115.4899.7987.8682.3184.86
EV / Net Operating Revenue (X)0.240.220.290.260.19
EV / EBITDA (X)9.029.4810.14-18.407.26
MarketCap / Net Operating Revenue (X)0.050.030.020.010.04
Price / BV (X)0.680.470.240.160.47
Price / Net Operating Revenue (X)0.050.030.020.010.04
EarningsYield0.110.060.14-2.270.20

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 124.04

The stock is undervalued by 178.13% compared to the current price ₹44.6

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (315.08 cr) and profit (1.69 cr) over the years.
  1. The stock has a low average ROCE of 9.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 81.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 78.50, which may not be favorable.
  4. The company has higher borrowings (64.31) compared to reserves (23.38), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ashiana Ispat Ltd:
    1. Net Profit Margin: 0.64%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.70% (Industry Average ROCE: 9.57%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.06% (Industry Average ROE: 7.26%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.42
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.05
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 30.6 (Industry average Stock P/E: 14.93)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 2.46
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★︎☆☆

About the Company

Ashiana Ispat Ltd. is a Public Limited Listed company incorporated on 25/03/1992 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L27107RJ1992PLC006611 and registration number is 006611. Currently company belongs to the Industry of Steel - Rolling. Company’s Total Operating Revenue is Rs. 438.67 Cr. and Equity Capital is Rs. 7.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - RollingA-1116, Phase-III, RIICO Industrial Area, Alwar District Rajasthan 301019ail@ashianaispat.in
http://www.ashianaispat.in
Management
NamePosition Held
Mr. Ashita JainChairman
Mr. Puneet JainManaging Director
Mrs. Shruti JainIndependent Director
Mrs. Anu BansalWhole Time Director
Mr. Naresh ChandWhole Time Director
Mr. Rajesh Kumar PalIndependent Director

Ashiana Ispat Ltd. Share Price Update

Share PriceValue
Today₹45.80
Previous Day₹45.68

FAQ

What is the latest fair value of Ashiana Ispat Ltd?

The latest fair value of Ashiana Ispat Ltd is ₹124.04.

What is the Market Cap of Ashiana Ispat Ltd?

The Market Cap of Ashiana Ispat Ltd is 35.5 Cr..

What is the current Stock Price of Ashiana Ispat Ltd as on 23 April 2024?

The current stock price of Ashiana Ispat Ltd as on 23 April 2024 is 44.6.

What is the High / Low of Ashiana Ispat Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ashiana Ispat Ltd stocks is ₹56.2/26.4.

What is the Stock P/E of Ashiana Ispat Ltd?

The Stock P/E of Ashiana Ispat Ltd is 30.6.

What is the Book Value of Ashiana Ispat Ltd?

The Book Value of Ashiana Ispat Ltd is 47.2.

What is the Dividend Yield of Ashiana Ispat Ltd?

The Dividend Yield of Ashiana Ispat Ltd is 0.00 %.

What is the ROCE of Ashiana Ispat Ltd?

The ROCE of Ashiana Ispat Ltd is 8.55 %.

What is the ROE of Ashiana Ispat Ltd?

The ROE of Ashiana Ispat Ltd is 8.42 %.

What is the Face Value of Ashiana Ispat Ltd?

The Face Value of Ashiana Ispat Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ashiana Ispat Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE