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Ashiana Ispat Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹93.91Undervalued by 269.72%vs CMP ₹25.40

P/E (15.0) × ROE (76.8%) × BV (₹9.99) × DY (2.00%)

Defaults: P/E=15

₹71.67Undervalued by 182.17%vs CMP ₹25.40
MoS: +64.6% (Strong)Confidence: 70/100 (High)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹63.7469%Under (+150.9%)
Revenue MultipleRevenue₹89.2831%Under (+251.5%)
Consensus (2 models)₹71.67100%Undervalued
Key Drivers: EPS CAGR -32.1% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -32.1% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Ashiana Ispat Ltd operates in the Steel - Rolling segment, NSE: ASHIS | BSE: 513401, current market price is ₹25.40, market cap is 20.2 Cr.. At a glance, ROE is 76.8 %, ROCE is 9.02 %, book value is 9.99, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹71.67, which is about 182.2% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹142 Cr versus the prior period change of -55.9%, while latest net profit is about ₹-47 Cr with a prior-period change of -4,800.0%. The 52-week range shown on this page is 30.0/18.1, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAshiana 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 L2710…

This summary is generated from the stock page data available for Ashiana Ispat Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
Ashiana Ispat Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health52/100 · Moderate
ROCE 9.0% AverageROE 76.8% ExcellentD/E 2.47 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 41.6% Stable
Earnings Quality40/100 · Moderate
OPM contracting (3% → -3%) Declining
Quarterly Momentum80/100 · Strong
Revenue (4Q): +380% YoY AcceleratingOPM: 0.0% (up 12,300.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
ROCE 9.0% vs industry 16.0% Below peersROE 76.8% vs industry 25.3% Above peers3Y sales CAGR: -31% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 31, 2026, 4:09 am

Market Cap 20.2 Cr.
Current Price 25.4
Intrinsic Value₹71.67
High / Low 30.0/18.1
Stock P/E
Book Value 9.99
Dividend Yield0.00 %
ROCE9.02 %
ROE76.8 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ashiana Ispat Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modern Steels Ltd 16.4 Cr. 11.9 21.7/10.43.33 13.20.00 %28.1 %28.4 % 10.0
Ashiana Ispat Ltd 20.2 Cr. 25.4 30.0/18.1 9.990.00 %9.02 %76.8 % 10.0
Ahmedabad Steelcraft Ltd 196 Cr. 130 303/11510.4 82.10.00 %21.4 %18.4 % 10.0
Sunflag Iron & Steel Company Ltd 3,841 Cr. 213 322/19217.6 4740.35 %3.95 %2.33 % 10.0
Kalyani Steels Ltd 2,667 Cr. 611 989/5749.94 4511.64 %15.6 %14.0 % 5.00
Industry Average2,579.00 Cr185.2212.41180.780.33%16.00%25.34%8.33

All Competitor Stocks of Ashiana Ispat Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6514359977790109320187408613
Expenses 62142579373881033511587407610
Operating Profit 3123426-3-1-15-023
OPM % 5%1%4%3%5%2%6%-8%-12,300%-2,935%-0%0%0%
Other Income 010002000-300-135
Interest 2222232220000
Depreciation 1100000000000
Profit before tax 10-01103-5-3-46-1038
Tax % 18%25%26%11%30%9%3%1%2%-10%-31%-94%-0%
Net Profit 10-01103-5-3-42-0038
EPS in Rs 0.820.11-0.551.080.820.493.98-6.14-4.32-52.14-0.440.4347.48

Last Updated: March 3, 2026, 12:11 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:35 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2672681922032954413102954394653221421,109
Expenses 2562601911992834293142864284533121541,120
Operating Profit 108141211-59101210-13-11
OPM % 4%3%1%2%4%3%-2%3%2%3%3%-9%-1%
Other Income 02650000013-304
Interest 6654556677961
Depreciation 2211111122220
Profit before tax 331456-121232-51-9
Tax % 23%32%26%30%35%26%-1%19%35%13%26%-9%
Net Profit 221344-121131-47-4
EPS in Rs 4.934.461.466.924.425.36-14.711.441.273.771.85-58.62-4.67
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%-50.00%200.00%33.33%0.00%-400.00%108.33%0.00%200.00%-66.67%-4800.00%
Change in YoY Net Profit Growth (%)0.00%-50.00%250.00%-166.67%-33.33%-400.00%508.33%-108.33%200.00%-266.67%-4733.33%

Ashiana Ispat Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-6%
3 Years:3%
TTM:-39%
Compounded Profit Growth
10 Years:-11%
5 Years:-31%
3 Years:-18%
TTM:-511%
Stock Price CAGR
10 Years:10%
5 Years:25%
3 Years:-14%
1 Year:-56%
Return on Equity
10 Years:2%
5 Years:-4%
3 Years:4%
Last Year:2%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: January 7, 2026, 5:00 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4444888888888
Reserves 1618192231362425262931-16-16
Borrowings 436356464366798685911019179
Other Liabilities 422522172136263135423329128
Total Liabilities 10511010189104145137150155171173112199
Fixed Assets 109991213111036322990
CWIP 0000012212500000
Investments 1110000000000
Other Assets 94100918092121105114118139144103199
Total Assets 10511010189104145137150155171173112199

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7-118132-42811-2-212
Cash from Investing Activity + -0-0-1-0-4-14-9-4-3311
Cash from Financing Activity + -714-12-142187-3-8-11-14
Net Cash Flow -03-5-101-1-0-0-00-0
Free Cash Flow 6-12711-2-18-7381012
CFO/OP 67%-132%564%298%20%-32%-35%88%101%-15%-16%-98%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-33.00-55.00-55.00-42.00-31.00-55.00-84.00-77.00-75.00-79.00-91.00-104.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 90698410279726391104665871
Inventory Days 173028615343342128243058
Days Payable 614128311319303038283133
Cash Conversion Cycle 46588513211996668295625795
Working Capital Days 142458616886272632243034
ROCE %10%14%12%7%10%14%11%-5%7%7%8%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%41.59%
Public 58.40%58.40%58.41%58.40%58.41%58.41%58.41%58.41%58.41%58.41%58.40%58.41%
No. of Shareholders 10,87810,80110,94511,06211,30211,28311,74811,98011,90111,86211,85411,720

Shareholding Pattern Chart

No. of Shareholders

Ashiana Ispat Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -58.571.853.761.271.45
Diluted EPS (Rs.) -58.571.853.761.271.45
Cash EPS (Rs.) -56.414.256.553.763.03
Book Value[Excl.RevalReserv]/Share (Rs.) -9.9848.5846.6342.8741.30
Book Value[Incl.RevalReserv]/Share (Rs.) -9.9848.5846.6342.8741.30
Revenue From Operations / Share (Rs.) 177.70404.07583.28550.76370.36
PBDIT / Share (Rs.) -10.4116.2416.0713.2210.88
PBIT / Share (Rs.) -12.6213.8413.2910.739.29
PBT / Share (Rs.) -64.212.514.321.971.80
Net Profit / Share (Rs.) -58.631.853.761.271.45
PBDIT Margin (%) -5.854.022.752.402.93
PBIT Margin (%) -7.103.422.271.942.50
PBT Margin (%) -36.130.620.740.350.48
Net Profit Margin (%) -32.990.450.640.230.39
Return on Networth / Equity (%) 0.003.808.062.963.50
Return on Capital Employeed (%) 126.4617.4714.7012.8211.63
Return On Assets (%) -43.380.841.750.650.77
Long Term Debt / Equity (X) 0.000.560.870.900.90
Total Debt / Equity (X) -11.402.622.462.492.47
Asset Turnover Ratio (%) 1.011.872.862.882.06
Current Ratio (X) 0.821.301.401.341.31
Quick Ratio (X) 0.620.891.051.041.08
Inventory Turnover Ratio (X) 4.227.1213.2317.1914.36
Interest Coverage Ratio (X) -1.341.431.791.511.45
Interest Coverage Ratio (Post Tax) (X) -0.901.161.421.151.19
Enterprise Value (Cr.) 110.30132.45115.4899.7987.86
EV / Net Operating Revenue (X) 0.770.410.240.220.29
EV / EBITDA (X) -13.3010.249.029.4810.14
MarketCap / Net Operating Revenue (X) 0.130.100.050.030.02
Price / BV (X) -2.490.860.680.470.24
Price / Net Operating Revenue (X) 0.130.100.050.030.02
EarningsYield -2.360.040.110.060.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 is involved in the business activities of Manufacture of other iron and steel casting and products thereof. Company's Total Operating Revenue is Rs. 141.54 Cr. and Equity Capital is Rs. 7.96 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - RollingA-1116, RIICO Industrial Area, Phase-III,Bhiwadi, Alwar District Rajasthan 301019Contact not found
Management
NamePosition Held
Mr. Puneet JainManaging Director
Mr. Naresh ChandWhole Time Director
Mr. Kamal WadhwaniIndependent Director
Ms. Pooja DhimanIndependent Director
Ms. DarshanAdditional Director

FAQ

What is the intrinsic value of Ashiana Ispat Ltd and is it undervalued?

As of 21 April 2026, Ashiana Ispat Ltd's intrinsic value is ₹71.67, which is 182.17% higher than the current market price of ₹25.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (76.8 %), book value (₹9.99), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ashiana Ispat Ltd?

Ashiana Ispat Ltd is trading at ₹25.40 as of 21 April 2026, with a FY2026-2027 high of ₹30.0 and low of ₹18.1. The stock is currently in the middle of its 52-week range. Market cap stands at ₹20.2 Cr..

How does Ashiana Ispat Ltd's P/E ratio compare to its industry?

Ashiana Ispat Ltd has a P/E ratio of , which is below the industry average of 12.41. This is broadly in line with or below the industry average.

Is Ashiana Ispat Ltd financially healthy?

Key indicators for Ashiana Ispat Ltd: ROCE of 9.02 % is on the lower side compared to the industry average of 16.00%; ROE of 76.8 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Ashiana Ispat Ltd profitable and how is the profit trend?

Ashiana Ispat Ltd reported a net profit of ₹-47 Cr in Mar 2025 on revenue of ₹142 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does Ashiana Ispat Ltd pay dividends?

Ashiana Ispat Ltd has a dividend yield of 0.00 % at the current price of ₹25.40. The company is currently not paying meaningful dividends.

Last Updated: March 31, 2026, 4:09 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 513401 | NSE: ASHIS
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
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