Ashirwad Steels & Industries reports lower profit in FY26
Ashirwad Steels & Industries Limited reported a 12% decline in net profit to ₹202.02 lakh for FY26, down from ₹229.66 lakh in the previous year. Total income decreased to ₹416.34 lakh, driven by lower other income, even as revenue from operations rose to ₹206.68 lakh. The company's investments stood at ₹41.86 crore, and loans advanced were ₹16.55 crore. The Board recommended the re-appointment of Mr. Vishesh Chhibbar as Whole-time Director and did not declare a dividend.
*this image is generated using AI for illustrative purposes only.
Ashirwad Steels & Industries Limited reported a 12% decline in net profit to ₹202.02 lakh for the financial year ended March 31, 2026, compared to ₹229.66 lakh in the previous year. Total income decreased to ₹416.34 lakh from ₹429.94 lakh, driven by a drop in other income despite higher revenue from operations. The company’s investments in shares and securities stood at ₹41.86 crore, while loans advanced amounted to ₹16.55 crore.
Financial Performance
Revenue from operations increased to ₹206.68 lakh in FY26 from ₹180.45 lakh in the previous year. However, other income fell to ₹209.65 lakh from ₹249.49 lakh, resulting in the overall decline in total income. Profit before tax decreased to ₹267.59 lakh from ₹309.73 lakh. The company’s total comprehensive income for the year stood at ₹201.27 lakh, down from ₹227.13 lakh in FY25.
| Financial Metric (₹ in Lakh) | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue from Operations | 206.68 | 180.45 |
| Other Income | 209.65 | 249.49 |
| Total Income | 416.34 | 429.94 |
| Profit Before Tax | 267.59 | 309.73 |
| Net Profit | 202.02 | 229.66 |
Operational Highlights
During the year under review, the company continued its core activities of making investments in shares, securities, bonds, and mutual funds, alongside lending money. Fresh investments aggregating to ₹5.66 crore were made, taking the fair market value of total investments to ₹41.86 crore as on March 31, 2026, compared to ₹36.20 crore in the previous year. The company made fresh lending of money amounting to ₹6.95 crore, with total loans advanced standing at ₹16.55 crore, considered good and recoverable.
The company’s LPG bottling plant at Raigarh, Chhattisgarh, remained non-operational as commercial operations were not found to be remunerative. The Board noted that despite continuous efforts, no serious buyer had shown interest in acquiring the unit.
Governance and Disclosures
The Board of Directors has recommended the re-appointment of Mr. Vishesh Chhibbar, Whole-time Director, who retires by rotation at the ensuing Annual General Meeting. The statutory auditors, M/s. C. K. Chandak & Co., Chartered Accountants, continue to hold office. The company has not recommended any dividend for the financial year under review to conserve resources for working capital requirements and potential new ventures.
The annual report for FY 2025-26 will be sent electronically to members whose email addresses are registered with the company or its depositories. The 40th Annual General Meeting is scheduled to be held on July 23, 2026, via Video Conferencing.
Historical Stock Returns for Ashirwad Steels & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.14% | +4.12% | -7.60% | -22.32% | -33.36% | +55.36% |
What strategies will the company pursue to reverse the declining trend in other income?
Does the company plan to divest the non-operational LPG bottling plant if a buyer is not found soon?
What specific new ventures is the company considering with the capital conserved from the dividend cut?
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