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Ashirwad Steels And Industries Ltd

ASHSI
0
SmallcapWith a market cap of ₹28 cr, stock is ranked 2,994
High RiskStock is 3.50x as volatile as Nifty
23.350.35 (+1.52%)

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0
SmallcapWith a market cap of ₹28 cr, stock is ranked 2,994
High RiskStock is 3.50x as volatile as Nifty

Key MetricsEdit

PE RatioPE Ratio
6.07
PB RatioPB Ratio
0.46
Dividend YieldDiv. Yield
Sector PESector PE
-8.62
Sector PBSector PB
16.09
Sector Div YldSctr Div Yld
0.11%

Forecast & RatingsDetailed Forecast 

Forecast data is currently unavailable for this stock

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Price Upside

Earnings

Earnings Growth

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Rev. Growth

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Company Profile

Ashirwad Steels & Industries Limited is an India-based company, which is engaged in the business of manufacturing of sponge iron using iron-ore and coal as the raw materials. The Company operates through the Iron & Steel segment. The Company manufactures and supplies sponge iron used as an input in manufacturing finished steel and bottles hydrocarbon/liquefied petroleum gas (LPG) gas. Sponge Iron is used by secondary steel melting shops (induction furnaces) for making steel billets/ingots which are used by the re-rollers for making long products (TMT BARS) used in the house building and in the infrastructure development. The Company’s Sponge Iron Plant is located at Jamshedpur. The Company has two bottling Plants with one located at Uluberia, Howrah, West Bengal (given on lease) and the second one is at Raigarh in the State of Chhattisgarh. The Company also has two Hydrocarbon Gas Bottling Plants located at Raigarh, Chhattisgarh and Howrah, West Bengal.

Financial TrendFinancial statements 

201920202021202217.5111.174.769.437.54-3.69-0.324.63
Revenue
Profit
Loss
All values in ₹ cr.
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Holdings TrendDetailed holdings 

Increased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has increased by 1.49%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

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