EARTH
Earthstahl & Alloys financials
- Market cap
- ₹23 Cr
Quarterly results
Q4 FY26: revenue down 34.5%, net profit down 306.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 44 | 46 | 42 | 37 −24% | 36 −18% | 34 −26% | 28 −34% |
| EBITDA | 9 | 3 | 2 | 3 | 2 −76% | 2 −45% | -2 −192% | -0 −114% |
| Net profit | 6 | 2 | 1 | 1 | 1 −88% | -0 −108% | -3 −401% | -2 −306% |
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 −42.2% 1Y
1Y: ₹22.51 on 2 Sept 2025 → ₹13. High ₹29.75 (7 Oct 2025), low ₹13 (3 Sept 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹5 Cr | ₹12 Cr | ₹23 Cr | ₹25 Cr | ₹22 Cr | ₹20 Cr |
| Borrowings | ₹14 Cr | ₹14 Cr | ₹13 Cr | ₹13 Cr | ₹20 Cr | ₹15 Cr |
| Other liabilities | ₹7 Cr | ₹7 Cr | ₹9 Cr | ₹10 Cr | ₹11 Cr | ₹10 Cr |
| Total liabilities | ₹28 Cr | ₹36 Cr | ₹58 Cr | ₹60 Cr | ₹65 Cr | ₹57 Cr |
| Fixed assets | ₹16 Cr | ₹16 Cr | ₹24 Cr | ₹23 Cr | ₹40 Cr | ₹38 Cr |
| Capital work in progress | ₹0 Cr | ₹5 Cr | ₹2 Cr | ₹12 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹12 Cr | ₹15 Cr | ₹32 Cr | ₹25 Cr | ₹25 Cr | ₹19 Cr |
| Total assets | ₹28 Cr | ₹36 Cr | ₹58 Cr | ₹60 Cr | ₹65 Cr | ₹57 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. The shareholder count shrank 10% to 444.
- Promoters
- 73.5%
- FIIs
- 0.9%
- Public
- 25.6%
Since Mar 2025
- Public +0.02 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 7 quarters
Ownership split by quarter, oldest first. Mar '23: Promoters 73.5%, Public 26.5%.Sep '23: Promoters 73.5%, Public 26.5%.Mar '24: Promoters 73.5%, FIIs 0.9%, Public 25.6%.Sep '24: Promoters 73.5%, FIIs 0.9%, Public 25.6%.Mar '25: Promoters 73.5%, FIIs 0.9%, Public 25.6%.Sep '25: Promoters 73.5%, FIIs 0.9%, Public 25.6%.Mar '26: Promoters 73.5%, FIIs 0.9%, Public 25.6%.
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.
- Chhattisgarh Metaliks newly disclosed 25.98% held
- Aayush Steelco newly disclosed 4.53% held
- Tarun Deep Kohli newly disclosed 1.23% held
- Ghanshyam Sarda newly disclosed 1.03% held
- Ravi Laddha newly disclosed 0.49% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Earthstahl & Alloys Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Chhattisgarh Metaliks | 25.98% | newly disclosed |
| Rajesh Somani | 9.73% | unchanged |
| Prawin Somani | 9.66% | unchanged |
| Ravi Thakurdasji Laddha | 9.02% | unchanged |
| Aayush Steelco | 4.53% | newly disclosed |
| Somani Processors | 4.17% | unchanged |
| Padam Kumar Jain | 3.50% | unchanged |
| Kusum Jain | 2.94% | unchanged |
| Shreyance Jain | 2.45% | unchanged |
| Tarun Deep Kohli | 1.23% | newly disclosed |
| Tarun Kumar Vaid | 1.20% | unchanged |
| Ghanshyam Sarda | 1.03% | newly disclosed |
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.
Learn to analyse Earthstahl & Alloys Limited
Guides on how to read this kind of business and the numbers that matter.