Aditya Ultra Steel
- Market cap
- ₹ 54 Cr.
- P/E
- 13.5x
- P/B
- 0.55x
- 52-week range
- 17.35 – 37
- ROE
- 4%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 0.77
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE SME
About
Aditya Ultra Steel Limited is an India-based company engaged in the business of manufacturing and trading of rolled steel products. The Company offers thermo mechanically treated (TMT) bars, iron and other steel products. It develops 8, 10, 12, 16, 20, 25 and 32 millimeter (MM) sizes of TMT bars. The Company offers its rolled steel products under the Kamdhenu brand, catering mainly to the construction industry and for infrastructure development. It manufactures TMT bars from billets through a reheating furnace and a rolling mill. It designs and manufactures TMT bars and sells them on a business-to-business (B2B) basis. The Company offers its products across the State of Gujarat and also to certain customers in the State of Madhya Pradesh, State of Punjab and Haryana, State of Rajasthan, State of Uttar Pradesh and State of Maharashtra. Its manufacturing facility is located in Survey No-48, Wankarner Boudry, Bhalgam, National Highway 8-A, Wankaner, Rajkot, Wankaner, Gujarat, India.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Aditya Ultra Steel against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)13.5 against a typical 18.9: cheaper than most peers (1st = cheapest).53rd of 146
- Share price, 3 months−17.4% against a typical −3.8%.109th of 135
- Size₹ 54.4 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).89th of 135
Latest announcements
Exchange filings and their impact on the company.
- 27 Oct 2026Action(s) initiated or orders passedHigh impactNegativeGST appeal rejected, upholding Rs 4.54 cr tax plus penalty — more than a full year's profit.
Aditya Ultra Steel received a GST Order-in-Appeal dated 19 October 2026 that rejected its appeal and upheld the original demand. The order confirms tax of Rs 1.92 crore and penalty of Rs 2.62 crore, totalling about Rs 4.54 crore, relating to alleged inadmissible input tax credit of Rs 2.62 crore in FY 2018-19. The company says it is examining the order and will appeal to the Appellate Tribunal, but the amount is larger than its FY26 net profit of Rs 4 crore.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB+ by CRISIL- CRISIL lowered its rating on 30 Jun 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BB+ | Stable | 30 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Jun 2026 | ▼ Downgrade1 notch | Crisil BBB- → Crisil BB+ | — | CRISIL | ₹ 75 Cr. | |
| 25 Nov 2025 | ▼ Downgrade | Crisil BBB- | — | CRISIL | ₹ 75 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 26 Sep 2025 | Dividend | To consider Interim dividend |
| 27 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
| 14 Nov 2024 | Financial Results | To consider and approve the financial results for the period ended September 30, 2024 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 312 | 273 | 184 | 221 |
| Expenses | 302 | 263 | 183 | 211 |
| Operating Profit | 10 | 10 | 1 | 10 |
| OPM % | 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 % | 10% | 22% | 0% | 25% |
| Net Profit | 5 | 4 | 1 | 3 |
| EPS in Rs | 2.09 | 1.66 | 0.25 | 1.38 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 3%
- 3 Years
- −9%
- TTM
- −31%
- 10 Years
- —
- 5 Years
- −3%
- 3 Years
- 13%
- TTM
- −57%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 10%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Aditya Ultra Steel | ₹ 21.90 | ₹ 54 Cr. | 13.5x | 0.6x | 4% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.9x | 3x | — | 14.8% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 18.8x | 2.2x | 11.2% | 4.7% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 29.5x | 8x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 26.6x | 2.1x | — | 4.8% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 17.7x | 1.1x | — | 3.8% |
Management
- Sunny Sunil Singhi
- Executive Chairman of the Board, Managing Director
- Amitkumar Harsukhbhai Sarena
- Chief Financial Officer
- Vikas Babusingh Panwar
- Company Secretary, Compliance Officer
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