Nova Iron & Steel Ltd

NOVAIRNSTL

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Market Cap

₹ 48 Cr

P/E

—

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Nova Iron & Steel Ltd is a prominent manufacturer of sponge iron and steel in India.

The company was one of the initial entrants in the coal-based sponge iron production in India, leveraging technology from Germany.

Their sponge iron plant in Bilaspur is pivotal to their operations, supplying to various markets since 1994-95.

In 2015-16, they expanded their capabilities with a 12 MW Waste Heat Recovery Based Power Plant and Induction Furnace.

The company maintains a prominent position with continued operational enhancements since the 2016 commissioning of their 500 TPD Sponge Iron Plant.

Sector

Steel

Industry

Steel - Sponge Iron

Market Cap

48 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

16.2

PEG Ratio

—

P/B Ratio

—

52W High

19.86

52W Low

11.19

Sales CAGR

-63.19%

-11.69%

51.52%

10Y

42.68%

Profit CAGR

-10.94%

—

10Y

—

ROE

TTM

82.23%

-24.24%

-8.74%

10Y

11.14%

ROCE

TTM

-3.05%

11.16%

9.62%

10Y

6.46%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VRAJ	122.60	404 Cr	12.03	0.98	0.00	8.13	10.54	7.23
SALSTEEL	37.35	389 Cr	—	5.77	0.00	-29.24	3.80	-4.20
CMNL	125.00	302 Cr	31.02	3.03	0.00	1.09	2.39	0.17
VASWANI	61.76	204 Cr	26.89	2.10	0.00	—	—	0.00
SHKSIL	55.35	106 Cr	11.56	1.03	0.00	0.00	0.00	6.98
BIHARSPONG	11.33	102 Cr	11.22	0.00	0.00	-21.96	12.04	6.74
NOVAIRNSTL	13.36	48 Cr	—	0.00	0.00	82.23	-3.05	47.86

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Sales	186	182	122	113	146	125	99	98	95	113
Expenses	160	177	123	107	154	111	101	95	101	105
Operating Profit	26	5.05	-1.12	5.85	-7.31	14	-1.35	2.63	-5.86	7.68
OPM %	13.88	2.77	-0.92	5.17	-4.99	11.06	-1.36	2.69	-6.19	6.80
Other Income	3.02	2.01	0.96	4.17	-67	-1.01	1.08	0.49	160	0.15
Interest	13	2.71	3.47	3.39	15	3.56	3.73	2.95	0.81	1.50
Depreciation	2.48	11	2.58	11	11	4.77	4.85	4.89	4.96	4.12
Profit Before Tax	14	-6.66	-6.21	-4.78	-101	4.49	-8.85	-4.72	149	2.21
Tax %	15.70	0.00	9.66	0.00	32.70	0.00	0.00	0.00	-6.08	0.00
Net Profit	12	-6.66	-5.61	-4.78	-68	4.49	-8.85	-4.72	158	2.21
EPS in Rs	3.22	-1.84	-1.55	-1.32	-18.83	1.24	-2.45	-1.31	43.69	0.61

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018
Sales	17	57	20
Expenses	15	43	11
Operating Profit	2.43	14	8.55
OPM %	14.27	24.42	43.43
Other Income	0.12	0.16	1.59
Interest	6.01	6.66	6.78
Depreciation	1.33	1.19	1.02
Profit Before Tax	-4.18	2.68	2.27
Tax %	-6.26	4.34	-0.34
Net Profit	-4.45	2.57	2.28
EPS in Rs	—	—	—
Dividend Payout %	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018
Equity Capital	36	36	36
Reserves	-12	-9.74	-6.67
Borrowings	193	198	239
Other Liabilities	98	96	91
Total Liabilities	315	320	359
Fixed Assets	64	63	62
CWIP	206	237	262
Investments	0.28	0.28	1.44
Other Assets	44	20	34
Total Assets	315	320	359

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	13	33	-2.94
Cash from Investing Activity	-28	-31	-32
Cash from Financing Activity	15	-1.74	35
Net Cash Flow	0.03	0.15	-0.40

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	69.81%	69.81%	69.81%	69.81%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%
Public	28.87%	28.87%	28.87%	28.87%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%
Total Shareholders	1,55,833	1,55,825	1,55,369	1,55,122	1,54,821	1,55,769	1,55,558	1,55,715	1,56,011	1,55,971	1,55,745	1,55,573

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jun 27, 2025	Aniket singal	Insider - Promoter	Disposal	14.00	1.50 Cr	10,71,400	2.96
Jun 27, 2025	Titanic steel industries priv...	Insider - Promoter Group	Acquisition	14.00	1.50 Cr	10,71,400	2.96
Apr 09, 2024	Ambey steel and power private...	Insider - Promoter Group	Disposal	20.00	1.92 Cr	9,59,675	2.66
Apr 09, 2024	Reward capital services priva...	Insider - Promoter Group	Acquisition	20.00	1.92 Cr	9,59,675	2.65

Projection

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Announcements

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Documents

Presentations

Concalls

Reports

Presentations

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VRAJ	122.60	404 Cr	12.03	0.98	0.00	8.13	10.54	7.23
SALSTEEL	37.35	389 Cr	—	5.77	0.00	-29.24	3.80	-4.20
CMNL	125.00	302 Cr	31.02	3.03	0.00	1.09	2.39	0.17
VASWANI	61.76	204 Cr	26.89	2.10	0.00	—	—	0.00
SHKSIL	55.35	106 Cr	11.56	1.03	0.00	0.00	0.00	6.98
BIHARSPONG	11.33	102 Cr	11.22	0.00	0.00	-21.96	12.04	6.74
NOVAIRNSTL	13.36	48 Cr	—	0.00	0.00	82.23	-3.05	47.86

Overview

Detailed Summary

Nova Iron & Steel Ltd is a prominent manufacturer of sponge iron and steel in India.

The company was one of the initial entrants in the coal-based sponge iron production in India, leveraging technology from Germany.

Their sponge iron plant in Bilaspur is pivotal to their operations, supplying to various markets since 1994-95.

In 2015-16, they expanded their capabilities with a 12 MW Waste Heat Recovery Based Power Plant and Induction Furnace.

The company maintains a prominent position with continued operational enhancements since the 2016 commissioning of their 500 TPD Sponge Iron Plant.

Sector

Steel

Industry

Steel - Sponge Iron

Market Cap

48 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

16.2

PEG Ratio

—

P/B Ratio

—

52W High

19.86

52W Low

11.19

Sales CAGR

-63.19%

-11.69%

51.52%

10Y

42.68%

Profit CAGR

-10.94%

—

10Y

—

ROE

TTM

82.23%

-24.24%

-8.74%

10Y

11.14%

ROCE

TTM

-3.05%

11.16%

9.62%

10Y

6.46%