Nova Iron & Steel Ltd (NOVIS)

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Nova Iron & Steel Ltd (NOVIS) · mywealthgrid

About

Nova Iron & Steel Ltd operates in Iron & Steel Products within the Industrials sector.

Face value: ₹10

Market cap

₹46 Cr

P/E

0.3×

P/B

—

Dividend yield

ROE

—

ROCE

-4.6%

Debt / equity

—

OPM

2.2%

EPS (TTM)

₹40.7

Book value

₹-3.1

52-week high

—

52-week low

—

1,909 historical price candles were omitted because the exchange source has not been verified.

₹12.8-4.9%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 51.7% over the last 5 years

Cons

−Thin operating margin of 2.2%
−Weak interest coverage of -0.7×

Research score

Structured signal from quality, growth, valuation and momentum.

43/100

Business quality: 0
Growth: 29
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	7	53	20	—	52	345	605	698	564	417
COGS	—	-38	—	—	-56	293	510	576	438	304
Gross profit	—	—	—	—	—	52	95	122	126	113
	16	76	11	—	132	44	80	97	123	104
	-9	15	8	—	-24	8	16	26	2	9
OPM %	-127.3%	28.6%	43.2%	—	-46%	2.2%	2.6%	3.7%	0.4%	2.2%
Depreciation	—	1	1	1	21	9	10	10	45	19
Interest	6	7	7	2	—	1	25	17	25	11
	0	—	2	2	3	7	8	5	-60	161
Profit before tax	-6	8	2	1	-41	5	-11	3	-127	140
Tax	—	—	—	0	—	17	4	5	-34	-9
Tax %	—	—	—	6%	—	331.7%	37.6%	152.5%	-26.4%	-6.5%
	-4	7	2	1	-52	-12	-15	-2	-94	149
PAT margin %	-58.8%	14%	11.6%	—	-100.8%	-3.5%	-2.4%	-0.3%	-16.6%	35.7%
EPS (₹)	—	—	0.9	0.2	-14.5	-3.3	-4.1	-0.5	-26	41.2
EPS adjusted (₹)	—	—	—	—	—	-3.3	-4.1	-0.5	-26	41.2
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	36	36	36	36	36
Reserves	-69	-85	-89	-192	-47
	311	332	331	397	247
	227	255	221	54	70
Total equity & liabilities	505	538	499	295	306
	372	357	357	172	139
CWIP	0	4	0	25	74
Investments	3	3	3	3	3
	130	174	139	96	91
Total assets	505	538	499	295	306

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	18	3	18	-10	36
	-0	1	-1	-31	-36
	-17	-4	-17	44	-1
Net cash flow	1	0	-0	2	-2
Free cash flow	18	3	9	-47	36
CFO / Operating profit %	235.5%	21.9%	71.3%	-421.4%	386.2%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	15%	15.8%	17.5%	22.3%	27.1%
EBITDA margin %	43.2%	—	-46%	2.2%	2.6%	3.7%	0.4%	2.2%
EBIT margin %	38%	—	-86.2%	-0.3%	0.9%	2.2%	-7.6%	-2.5%
PAT margin %	11.6%	—	-100.8%	-3.5%	-2.4%	-0.3%	-16.6%	35.7%
Working capital
Receivable days	—	—	—	4	0	0	13	10
Inventory days	—	—	—	86	85	50	17	27
Payable days	—	—	—	161	88	55	27	61
NWC days	—	—	—	-72	-2	-4	3	-23
Leverage
Current ratio	—	—	—	0.25	0.44	0.61	0.6	0.39
Debt to EBITDA	—	—	—	40.66	21.23	12.93	160.1	26.74
Debt to equity	—	—	—	-9.41	-6.83	-6.28	-2.55	-21.86
Interest coverage	1.3	0.4	—	11.1	0.6	1.2	-1.5	-0.7
Asset turnover	—	—	—	0.68	1.13	1.4	1.91	1.36
Return ratios
Return on assets %	—	—	—	-2.4%	-2.7%	-0.4%	-31.7%	48.6%
Return on capital employed %	—	—	—	394.4%	18.3%	9.1%	-16%	-4.6%
Return on equity %	—	—	—	36%	30.4%	3.4%	60.3%	-1,316.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.81%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%	44.16%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%	1.32%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	28.87%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%	54.52%
No. of shareholders	—	—	—	—	—	—	—	—	1,55,573	1,55,379	1,55,337	1,55,180

Promoter holding down 25.65 percentage points since Sep 2023.

Mr. HARDEV CHAND VERMANon-Executive - Non Independent Director-Chairperson
Mr. Sankar RaoChief Financial Officer (CFO)
Mr. DINESH KUMAR YADAVExecutive Director
Mr. SURAJ PRAKASH CHOUDHARYNon-Executive - Independent Director
Dheeraj KumarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Nova Iron & Steel Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results11 Sept 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

1 Oct 2026, 6:58 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	15%	15.8%	17.5%	22.3%	27.1%
EBITDA margin %	43.2%	—	-46%	2.2%	2.6%	3.7%	0.4%	2.2%
EBIT margin %	38%	—	-86.2%	-0.3%	0.9%	2.2%	-7.6%	-2.5%
PAT margin %	11.6%	—	-100.8%	-3.5%	-2.4%	-0.3%	-16.6%	35.7%
Working capital
Receivable days	—	—	—	4	0	0	13	10
Inventory days	—	—	—	86	85	50	17	27
Payable days	—	—	—	161	88	55	27	61
NWC days	—	—	—	-72	-2	-4	3	-23
Leverage
Current ratio	—	—	—	0.25	0.44	0.61	0.6	0.39
Debt to EBITDA	—	—	—	40.66	21.23	12.93	160.1	26.74
Debt to equity	—	—	—	-9.41	-6.83	-6.28	-2.55	-21.86
Interest coverage	1.3	0.4	—	11.1	0.6	1.2	-1.5	-0.7
Asset turnover	—	—	—	0.68	1.13	1.4	1.91	1.36
Return ratios
Return on assets %	—	—	—	-2.4%	-2.7%	-0.4%	-31.7%	48.6%
Return on capital employed %	—	—	—	394.4%	18.3%	9.1%	-16%	-4.6%
Return on equity %	—	—	—	36%	30.4%	3.4%	60.3%	-1,316.7%

Date	Category	Subject	Filing
1 Oct 2026, 6:58 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 1:10 pm	Company Update General	Intimation Of Submission Of Application For Reclassification Of Promoters From "Promoter Category" To "Public Category" Shareholders Of The Company In Compliance With Regulation 31A(8)(C) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
28 Sept 2026, 6:55 pm	Company Update General	Re-Appointment Of Cost Auditor	PDF
28 Sept 2026, 6:48 pm	Company Update Amendments to Memorandum & Articles of Association	Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association	PDF
28 Sept 2026, 6:42 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of The Board Meeting Held On 28Th September, 2026	PDF
16 Sept 2026, 11:39 am	Company Update General	Material Event- Satisfaction Of Charge.	PDF
14 Sept 2026, 1:26 pm	Company Update General	Publication Of Extract Of Unaudited Financial Results For The Quarter Ended 30.06.2026	PDF
11 Sept 2026, 7:09 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of The Board Meeting Held On 11Th September, 2026	PDF

Nova Iron & Steel Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Nova Iron & Steel Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

1

1