AUSL
Aditya Ultra Steel financials
- Market cap
- ₹58 Cr
- Sector
- Capital Goods
What Aditya Ultra Steel Ltd does
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
Quarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 312 | 273 | 184 | 221 |
| EBITDA | 10 | 10 | 1 | 10 |
| Net profit | 5 | 4 | 1 | 3 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −38.6% 1Y
1Y: ₹38 on 10 Sept 2025 → ₹23.35. High ₹38.95 (12 Sept 2025), low ₹17.5 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹17 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹19 Cr | ₹25 Cr | ₹27 Cr | ₹30 Cr | ₹75 Cr | ₹78 Cr |
| Borrowings | ₹36 Cr | ₹47 Cr | ₹50 Cr | ₹54 Cr | ₹90 Cr | ₹79 Cr |
| Other liabilities | ₹10 Cr | ₹8 Cr | ₹8 Cr | ₹46 Cr | ₹27 Cr | ₹10 Cr |
| Total liabilities | ₹77 Cr | ₹92 Cr | ₹97 Cr | ₹148 Cr | ₹216 Cr | ₹193 Cr |
| Fixed assets | ₹32 Cr | ₹31 Cr | ₹31 Cr | ₹33 Cr | ₹34 Cr | ₹47 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹13 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹45 Cr | ₹60 Cr | ₹66 Cr | ₹115 Cr | ₹169 Cr | ₹146 Cr |
| Total assets | ₹77 Cr | ₹92 Cr | ₹97 Cr | ₹148 Cr | ₹216 Cr | ₹193 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025.
- Promoters
- 68.8%
- DIIs
- 10.4%
- Public
- 20.8%
Since Mar 2025
- DIIs +0.09 pp
- Public −0.09 pp
- FIIs −0.01 pp
How it drifted, 4 quarters
Over this window FIIs fell from 2.3% to 0.0% — −2.3 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 68.8%, FIIs 2.3%, DIIs 9.9%, Public 19.0%.Mar '25: Promoters 68.8%, FIIs 0.0%, DIIs 10.3%, Public 20.9%.Sep '25: Promoters 68.8%, DIIs 10.3%, Public 20.9%.Mar '26: Promoters 68.8%, DIIs 10.4%, Public 20.8%.
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.
- Sunny Sunil Singhi +2.74 pp 27.50% held
- Mahalaxmi Brokerage India Private Limited 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 |
|---|---|---|
| Sunny Sunil Singhi | 27.50% | +2.74 pp |
| Varuna Jain | 24.65% | −2.75 pp |
| Varun Jain | 16.61% | unchanged |
| Steptrade Revolution Fund AIF | 6.93% | unchanged |
| Benani Capital- Benani Capital Scheme 1 AIF | 2.07% | unchanged |
| Mahalaxmi Brokerage India Private Limited | 1.57% | newly disclosed |
| Chanakya Opportunities Fund I AIF | 1.13% | unchanged |
| Sangeeta Manoj Kumar Jain | 0.00% | unchanged |
| Bohagi Projects Private Limited | 0.00% | unchanged |
| Rysa Jain | 0.00% | unchanged |
| NBR Mines and Minerals Private Limited | 0.00% | unchanged |
| Hubilo Softech Private Limited | 0.00% | 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.
What the price assumes
- Growth the price implies
- -12.3% 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
Learn to analyse Aditya Ultra Steel Ltd
Guides on how to read this kind of business and the numbers that matter.