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May 15, 2010

Ashiana ispat Ltd 513401

 

 

Name of Company

Ashiana ispat Ltd

BSE Code

513401

NSE Code

 

ICICI Code

Established

1992

My Take

So-So

Headquarters

Alwar, Rajasthan

Promoters

Story

35% mostly held by family promoters. 5% held by Kamdhenu Ispat – the company for which Ashiana produces steel (using Kamdhenu brand name).

Sector

Steel

Sub-sector

TMT, CSD and HSD steel bars

Website

http://www.ashianaispat.com/

Positives

Revenue rose from 60 Cr in FY08 to 200 Cr in FY08. In the same period, the net profit rose from 28 lakhs to 2.3 Cr. 1% is the the approximate NPM.

Negatives

50% of the investors are small investors (those who hold  < Rs 1 lakh).  Not sure why annual results for FY09 is not updated in BSE.

Peers

 

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