Nova Iron & Steel Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2022 • Plant run and managed by the operator: 99.9% • Direct operations manage by the company itself: 0.1%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company has delivered good sales growth of 51.5% CAGR over last 5 years
- Working capital cycle has improved - days down from -36 to -86
CONS
- Net worth is negative - accumulated losses have eroded equity
- Recent results are weak - TTM profit is down 105.4% versus prior year
- Company has a low return on equity of 0.0% over last 3 years
- Company has a low return on capital employed of 10.4%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1267.50 | 12.51 | 309961.29 | 0.56 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 182.85 | 20.69 | 228259.99 | 2.19 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 179.00 | 17.31 | 73936.40 | 1.31 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2676.25 | 30.57 | 70596.97 | 0.19 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| JSL | 755.20 | 19.16 | 62260.17 | 0.53 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| APLAPOLLO | 2153.00 | 48.64 | 59779.85 | 0.39 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| SHYAMMETL | 1074.35 | 26.70 | 29988.53 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| JINDALSAW | 311.85 | 30.52 | 19943.06 | 0.64 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2808.15 | 45.47 | 19682.88 | 0.36 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 524.75 | 16.37 | 18491.21 | 0.38 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 244.50 | 20.41 | 16460.69 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| NOVAIRNSTL | 18.46 | 29.28 | 66.71 | 0.00 | 0.86 | -61.13 | 67.49 | -40.26 | 63.82 | -2.86 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 182 | 122 | 113 | 146 | 125 | 99 | 98 | 95 | 113 | 108 | 110 | 136 | 67 | |
| 177 | 123 | 107 | 154 | 111 | 101 | 95 | 101 | 105 | 109 | 111 | 139 | 70 | |
| Operating Profit | 5 | -1 | 6 | -7 | 14 | -1 | 3 | -6 | 8 | -1 | -1 | -3 | -2 |
| OPM % | 2.77% | -0.92% | 5.17% | -4.98% | 11.06% | -1.35% | 2.68% | -6.19% | 6.80% | -1.06% | -1.14% | -2.21% | -3.56% |
| 2 | 1 | 4 | -67 | -1 | 1 | 0 | 160 | 0 | 9 | 0 | -3 | -3 | |
| Interest | 3 | 3 | 3 | 15 | 4 | 4 | 3 | 1 | 2 | 3 | 5 | 3 | 0 |
| Depreciation | 11 | 11 | 11 | 11 | 5 | 5 | 5 | 5 | 4 | 6 | 6 | 6 | 0 |
| Profit before Tax | -7 | -15 | -5 | -101 | 4 | -9 | -5 | 149 | 2 | -1 | -12 | 1 | 1 |
| Tax % | -0.00% | 4.02% | -0.00% | 32.70% | 0.00% | -0.00% | -0.00% | -6.08% | 0.00% | -0.00% | -0.00% | 866.19% | 0.00% |
| Net Profit | -7 | -14 | -5 | -68 | 4 | -9 | -5 | 158 | 2 | -1 | -12 | -5 | 1 |
| -1.84 | -3.96 | -1.32 | -18.83 | 1.24 | -2.45 | -1.31 | 43.69 | 0.61 | -0.29 | -3.26 | -1.48 | 0.24 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 53 | 20 | 4 | 52 | 345 | 605 | 698 | 564 | 417 | 421 | |
| 15 | 43 | 11 | 7 | 89 | 337 | 590 | 672 | 561 | 408 | 429 | |
| Operating Profit | 1 | 10 | 8 | -3 | -37 | 8 | 16 | 26 | 3 | 9 | -8 |
| OPM % | 6.53% | 19.49% | 43.27% | -92.87% | -70.74% | 2.26% | 2.60% | 3.67% | 0.45% | 2.22% | -1.85% |
| 2 | 0 | 2 | 5 | 3 | 7 | 8 | 5 | -60 | 161 | 4 | |
| Interest | 6 | 7 | 7 | 0 | 0 | 1 | 25 | 17 | 25 | 11 | 11 |
| Depreciation | 1 | 1 | 1 | 1 | 7 | 9 | 10 | 10 | 45 | 19 | 19 |
| Profit before Tax | -4 | 3 | 2 | 1 | -41 | 5 | -11 | 3 | -127 | 140 | -11 |
| Tax % | -6.27% | 4.34% | -0.34% | 7.26% | -24.42% | 330.01% | -37.64% | 152.66% | 26.41% | -6.47% | -53.68% |
| Net Profit | -4 | 3 | 2 | 1 | -52 | -12 | -15 | -2 | -94 | 149 | -17 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -14.45 | -3.30 | -4.09 | -0.50 | -25.96 | 41.17 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 47%
- 5 Years:
- 52%
- 3 Years:
- -12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- -129%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| -12 | -10 | -7 | -6 | -58 | -69 | -85 | -89 | -196 | -47 | |
| 199 | 206 | 246 | 342 | 336 | 318 | 339 | 333 | 366 | 214 | |
| Trade Payables | 13 | 6 | 4 | 15 | 85 | 130 | 123 | 89 | 37 | 51 |
| 78 | 81 | 78 | 78 | 21 | 74 | 124 | 130 | 53 | 47 | |
| Total Liabilities | 314 | 319 | 358 | 465 | 419 | 488 | 538 | 499 | 295 | 299 |
| 64 | 63 | 62 | 61 | 380 | 372 | 361 | 361 | 176 | 143 | |
| Capital Work in Progress | 206 | 237 | 262 | 315 | 0 | 0 | 0 | 0 | 25 | 74 |
| 0 | 0 | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | |
| 28 | 6 | 4 | 40 | 7 | 69 | 119 | 79 | 20 | 23 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 12 | |
| Cash & Bank | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 3 | 1 |
| 15 | 12 | 28 | 47 | 31 | 43 | 53 | 56 | 49 | 44 | |
| Total Assets | 314 | 319 | 358 | 465 | 419 | 488 | 538 | 499 | 295 | 299 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 33 | -3 | -48 | 9 | 19 | 4 | 18 | -10 | 36 | |
| Cash from Investing | -28 | -31 | -32 | -50 | -4 | -0 | 1 | -1 | -31 | -36 |
| Cash from Financing | 15 | -2 | 35 | 99 | -6 | -17 | -4 | -17 | 44 | -1 |
| 0 | 0 | -0 | 0 | -0 | 1 | 0 | -0 | 2 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
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