Aditya Ultra Steel share price & results
- Mar 2026
- Mar 2026
Gujarat-based manufacturer of TMT reinforcement steel bars (8mm-32mm) sold under the Kamdhenu brand to the construction and infrastructure sector on a B2B basis.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 221 | −19.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 4.5 | +1.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.0 | −25.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −8.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -2.56 | +5.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −30.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −32.4% 1Y
1Y: ₹32.4 on 21 Oct 2025 → ₹21.9. High ₹35.8 (7 Nov 2025), low ₹17.5 (30 Mar 2026).
- Previous close
- ₹21.9
- Market cap
- ₹58 Cr
- 52-week range
- ₹17.5 – ₹35.8
- One year
- −35.21%
- Price to earnings (FY ending Mar 2026)
- 14.60×
- Return on equity (FY ending Mar 2026)
- 3.94%
Overview
- Symbol
- NSE:AUSL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Aditya Ultra Steel Ltd does
Based on the company's own presentations, annual report and earnings calls.
Aditya Ultra Steel Limited manufactures thermo-mechanically treated (TMT) steel reinforcement bars, processing billets through a reheating furnace and rolling mill at its single Gujarat facility. Bars are sold under the Kamdhenu brand in sizes from 8mm to 32mm, on a business-to-business basis, mainly to construction and infrastructure customers. The company's customer base is concentrated mainly in the State of Gujarat.
Segments
- TMT bars manufacturing
- Manufacturing plants
- 1 (Wankaner, Rajkot, Gujarat)
- Product size range
- 8mm to 32mm TMT bars
- Brand
- Kamdhenu
- Operating history
- 13+ years in TMT bar manufacturing (since 2011)
- Primary customer base
- Concentrated in Gujarat state
- Captive solar power capacity (under installation)
- 5,000 KWp ground-mounted plant
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −25% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 312 | 273 | 184 | 221 |
| Expenses | 302 | 263 | 183 | 211 |
| Operating profit | 10 | 10 | 1 | 10 |
| Operating margin | 3.3% | 3.5% | 0.6% | 4.5% |
| Other income | 0 | 0 | 4 | 0 |
| Interest | 4 | 4 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 5 | 1 | 5 |
| Tax rate | 10.0% | 22.0% | 0.0% | 25.0% |
| Net profit | 5 | 4 | 1 | 3 |
| EPS (₹ per share) | 2.09 | 1.66 | 0.25 | 1.38 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 17 | 25 | 25 | 25 |
| Reserves | 25 | 27 | 30 | 75 | 75 | 78 |
| Borrowings | 47 | 50 | 54 | 76 | 90 | 79 |
| Other liabilities | 8 | 8 | 46 | 21 | 27 | 10 |
| Total liabilities | 92 | 97 | 148 | 197 | 216 | 193 |
| Fixed assets | 31 | 31 | 33 | 32 | 34 | 47 |
| Capital work in progress | 0 | 0 | 0 | 2 | 13 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 60 | 66 | 115 | 163 | 169 | 146 |
| Total assets | 92 | 97 | 148 | 197 | 216 | 193 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 22 | -6 | 8 | 5 | -44 | 4 |
| Cash from investing | -1 | 0 | -1 | -2 | -9 | -5 |
| Cash from financing | -12 | -3 | -7 | 0 | 57 | -5 |
| Net cash flow | 10 | -10 | 0 | 3 | 4 | -6 |
| Free cash flow | 21 | -7 | 7 | 3 | -47 | -11 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 4 | 5 | 7 | 29 | 7 | 46 |
| Inventory days | 35 | 33 | 40 | 39 | 53 | 86 |
| Days payable | 5 | 2 | 2 | 19 | 10 | 5 |
| Cash conversion cycle | 34 | 36 | 46 | 50 | 49 | 127 |
| Working capital days | -1 | 11 | 11 | 13 | 34 | 54 |
| Return on capital employed | 14.0% | 13.0% | 10.0% | 17.0% | 13.0% | 7.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- -13.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 68.76% as of Mar 2026; institutions added 0.09 pts since Sept 2025.
- Promoters 68.76%
- Foreign institutions 0.00%
- Domestic institutions 10.43%
- Public 20.80%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +2.74 pp 27.50% held
- newly disclosed 1.57% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Aditya Ultra Steel Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 27.50% | +2.74 pp | |
| 24.65% | −2.75 pp | |
| 16.61% | unchanged | |
| AIF | 6.93% | unchanged |
| AIF | 2.07% | unchanged |
| 1.57% | newly disclosed | |
| AIF | 1.13% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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