Ashirwad Steels reports higher income, investments rise in FY26
Ashirwad Steels & Industries Limited reported income from operations of Rs. 206.68 lacs for FY26, up from Rs. 180.45 lacs in the previous year. Total investments rose to Rs. 4,186.49 lacs, while lending increased to Rs. 1,655.00 lacs. The Raigarh LPG plant remains inoperative due to economic non-viability.
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Ashirwad Steels & Industries Limited reported an increase in income from operations to Rs. 206.68 lacs for the financial year ended March 31, 2026, compared to Rs. 180.45 lacs in the previous year. The company disclosed this financial performance during its 40th Annual General Meeting held on July 23, 2026. Total income for the year stood at Rs. 416.34 lacs, while total post-tax comprehensive income was Rs. 201.27 lacs.
The company's total investment in equity, shares, bonds, mutual funds, and debentures increased to Rs. 4,186.49 lacs from Rs. 3,620.38 lacs in the previous year. Additionally, the total amount lent as on March 31, 2026, stood at Rs. 1,655.00 lacs, compared to Rs. 960.00 lacs in the prior year. Other income, primarily comprising interest on bank fixed deposits, loans, and investments, stood at Rs. 209.65 lacs.
Operational Updates
Chairman Dalbir Chhibbar informed shareholders that the LPG Bottling Plant at Raigarh continues to remain inoperative as commercial operations are not remunerative. Although the Board received member approval via postal ballot to dispose of the plant and land, no suitable buyer has approached the company to date. The plant now holds only scrap value, though the land retains commercial value.
The company has continued its business of investment in shares and securities and lending of funds during the year. However, the Board could not identify or start any economically viable trading or industrial business. The statutory auditors and secretarial auditors provided unmodified opinions without materially significant qualifications.
Financial Performance
| Metric | FY 2025-26 (Rs. in lacs) | Previous Year (Rs. in lacs) |
|---|---|---|
| Income from operations | 206.68 | 180.45 |
| Other income | 209.65 | 249.49 |
| Total income | 416.34 | 429.94 |
| Total post-tax comprehensive income | 201.27 | 227.13 |
| Total investments | 4,186.49 | 3,620.38 |
| Total amount lent | 1,655.00 | 960.00 |
Meeting Proceedings
The meeting was conducted through video conferencing. Shareholders voted on two ordinary resolutions: the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Whole-time Director Mr. Vishesh Chhibbar. The remote e-voting facility was available from July 20, 2026, to July 22, 2026. The meeting concluded at 1:18 P.M.
Historical Stock Returns for Ashirwad Steels & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.14% | -2.09% | -5.99% | -18.59% | -27.15% | +65.64% |
What is the estimated timeline for finding a buyer for the Raigarh LPG plant land given the lack of interest so far?
How does the company plan to sustain growth if no viable trading or industrial business is identified in the near future?
What specific sectors is the board targeting to deploy the increased capital from investments and lending?
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