Ashirwad Steels and Industries Limited is a listed company that operates in steel products and has a market capitalization of Rs 15.33 crore on 19th August 2021. At the end of June 2021, it registered revenue of Rs 0.27 crores. The Bombay Stock Exchange (BSE) has assigned number 526847. As of 19th August, 2021, Ashirwad Steels and Industries Limited is trading at Rs. 12.26.
Ashirwad Steels and Industries Limited was incorporated on 19th February 1986 with RoC west Bengal.
The company’s main product is sponge iron. Ashirwad Steels and Industries Limited operates in two segments sponge iron and gas.
It has two manufacturing plants of sponge iron. One is located at Jamshedpur with an annual installed capacity of 30,000 M.T. The other is at Nalgonda, Telangana, with an installed capacity of 60,000 M.T. It has two LPG plants located at Howrah, West Bengal, and Kisnapur in Chhattisgarh. The plant-based in Howrah, West Bengal, is given on lease to M/s SHV Energy Pvt Ltd. As of 31st March 2021, Promoters within the company holds 66.99% of the total shareholding. The private corporate bodies held 16.37 % of holdings, and Indian Public held 15.35%. The Balance of 1.29% was held by others such as Institutional investors
and NRIs. The Shareholders holding more than 5% of shares are Chhibbar Business & Fiscals Pvt Ltd (18.14%), Sohini Suppliers Pvt Ltd (15.28%), Doyang Wood Products Ltd (7.45%) and Purnavasu Vyapaar Pvt Ltd (7.06%). During the F.Y. 2020-21, the chairman’s office was vacated w.e.f 19th June ‘2020 due to the demise of Mr. Lalit Kishore Choudhury. Mr. Baninder Singh Sahani then filled the vacancy.
In F.Y. 20-21, the company’s revenue from operations net of taxes stood at Rs.1.58 crore and the other income stood at Rs.3.18 crore. In June 2021, net sales were Rs 0.27 crore, less 66.67% from Rs 0.81 crore in June 2020. The quarterly operating profit in June 2021 was Rs. 0.08 crore, less 88.7% from Rs. 0.70 crore in June 2020. The EPS of the company as on 31st March ‘2020 were (2.94), increasing to (0.25) as of 31st March ‘2021.