Earthstahl & AlloysShare price, financial results, shareholding and management
- Market cap
- ₹17 cr
- Stock P/E
- -peers 17.6
- Book value
- ₹26.6
- Price to book
- 0.53
- EV / operating profit
- -
- Market cap to sales
- 0.28
- ROCE · FY26
- -9.8%
- ROE · FY26
- -14.0%
- ROE, 3-year average
- -2.5%
- Operating margin · FY26
- -4.3%peers 8.2%
- Sales growth, 3 years
- -12.5%
- Profit growth, 3 years
- -1024.5%
- Debt to equity
- 0.46peers 0.51
- Borrowings
- ₹14.9 cr
- Interest cover
- -3.4×
- Cash from business / op. profit
- -168%
- Debtor days
- 7
- Pledged
- 0.00%
- Promoter holding
- 73.53%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 444
- 52-week high / low
- ₹27 / ₹11
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Earthstahl & Alloys share price chart
Close on 4 Nov 2026 · -3.45% on the day · Vol 6,000
Daily prices to 4 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 4 Nov 2026
- 1 month
- +17.4%
- 3 months
- -1.4%
- 6 months
- -30.2%
- 1 year
- -42.9%
- Traded a day, 20 days
- ₹0.01 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -15% | -1025% |
| 3 years, a year | -13% | - |
| Latest half, H2 FY26 | -22% | - |
Earthstahl & Alloys revenue and profit growth
Half-yearly results · Profit and lossSales have fallen. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before.
Earthstahl & Alloys half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 48.16 | 43.65 | 45.70 | 42.24 | 36.68 | 35.60 | 33.92 | 27.67 |
| Expenses | 39.07 | 40.34 | 43.22 | 39.52 | 34.54 | 33.75 | 36.20 | 28.06 |
| Operating profit | 9.09 | 3.31 | 2.48 | 2.72 | 2.14 | 1.84 | -2.28 | -0.39 |
| OPM | 18.9% | 7.6% | 5.4% | 6.4% | 5.8% | 5.2% | -6.7% | -1.4% |
| Interest | 0.54 | 0.52 | 0.49 | 0.44 | 0.37 | 0.77 | 0.81 | 0.68 |
| Depreciation | 0.87 | 1.24 | 1.03 | 1.13 | 1.10 | 1.49 | 1.57 | 1.57 |
| Profit before tax | 7.77 | 1.85 | 1.45 | 1.66 | 0.93 | -0.18 | -4.31 | -2.25 |
| Net profit | 5.76 | 1.75 | 1.06 | 0.83 | 0.68 | -0.14 | -3.19 | -1.71 |
Earthstahl & Alloys profit and loss
Full years to March, FY18 to FY26 · ₹ crore, consolidated where reported
| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.87 | 39.05 | 31.65 | 24.12 | 48.88 | 91.81 | 87.94 | 72.28 | 61.59 |
| Expenses | 2.58 | 40.93 | 29.04 | 17.95 | 35.43 | 79.41 | 82.74 | 68.30 | 64.26 |
| Operating profit | -0.71 | -1.88 | 2.61 | 6.17 | 13.45 | 12.41 | 5.20 | 3.98 | -2.67 |
| OPM | -38.0% | -4.8% | 8.3% | 25.6% | 27.5% | 13.5% | 5.9% | 5.5% | -4.3% |
| Other income | 1.17 | 0.27 | 0.16 | 0.46 | 0.20 | 0.38 | 0.98 | 0.50 | 0.73 |
| Interest | 0.09 | 1.58 | 1.75 | 1.75 | 1.20 | 1.06 | 0.93 | 1.14 | 1.49 |
| Depreciation | 1.64 | 1.35 | 1.38 | 1.45 | 1.51 | 2.10 | 2.15 | 2.59 | 3.13 |
| Profit before tax | -1.27 | -4.54 | -0.36 | 3.43 | 10.94 | 9.63 | 3.11 | 0.75 | -6.57 |
| Tax rate | 0.0% | 0.0% | -5.6% | 22.2% | 31.5% | 22.0% | 39.2% | 29.3% | 25.4% |
| Net profit | -1.27 | -4.54 | -0.33 | 2.67 | 7.49 | 7.51 | 1.89 | 0.53 | -4.90 |
| EPS ₹ | -4.23 | -15.13 | -1.10 | 8.90 | 24.97 | 7.94 | 1.55 | 0.44 | -4 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.2% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY20) comes from tax charged on a small or negative profit, as reported.
Earthstahl & Alloys profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. Its costs were more than its sales. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -38.0% | -4.8% | 8.3% | 25.6% | 27.5% | 13.5% | 5.9% | 5.5% | -4.3% |
| Tax rate | 0.0% | 0.0% | -5.6% | 22.2% | 31.5% | 22.0% | 39.2% | 29.3% | 25.4% |
| ROCE | · | -15.2% | 7.0% | 23.6% | 47.8% | 27.6% | 8.2% | 3.6% | -9.8% |
| ROE | · | -103.4% | -9.3% | 42.1% | 65.6% | 29.6% | 5.2% | 1.4% | -14.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.2% | 0.0% | 0.0% | 0.0% |
Earthstahl & Alloys debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has shrunk. Its loans are smaller than its own money. Last year the business brought in more cash than it showed as profit. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Earthstahl & Alloys balance sheet
At each 31 March · ₹ crore
| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 12.24 | 12.24 | 12.24 | 12.24 |
| Reserves | 3.66 | -0.88 | 2 | 4.68 | 12.17 | 23.40 | 24.68 | 25.21 | 20.31 |
| Net worth | 6.66 | 2.12 | 5 | 7.68 | 15.17 | 35.64 | 36.92 | 37.45 | 32.55 |
| Borrowings | 15.25 | 14.99 | 17.34 | 13.97 | 14 | 12.73 | 12.97 | 18.30 | 14.88 |
| Other liabilities | 2.07 | 5.78 | 7.56 | 6.52 | 6.75 | 9.34 | 10.44 | 11.87 | 9.85 |
| Total liabilities | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 60.33 | 67.62 | 57.28 |
| Fixed assets | 17.53 | 17.07 | 16.25 | 15.84 | 15.95 | 24.16 | 22.97 | 41.40 | 38.21 |
| Capital work in progress | 0 | 0.14 | 0.20 | 0.24 | 5.21 | 1.56 | 11.91 | 0 | 0 |
| Investments | 0 | 0.02 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.01 | 0.01 |
| Other assets | 6.45 | 5.66 | 13.30 | 11.94 | 14.61 | 31.84 | 25.30 | 26.21 | 19.06 |
Earthstahl & Alloys cash flow
₹ crore
| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | · | · | 1.43 | 6.81 | 6.59 | 8.68 | 7.82 | -1.30 | 4.48 |
| Cash from investing | · | · | -1.50 | -1.04 | -5.95 | -12.32 | -12.62 | -3.87 | 0.45 |
| Cash from financing | · | · | 0.06 | -5.11 | -1.17 | 10.63 | -1.29 | 4.19 | -4.91 |
| Net cash flow | · | · | -0.01 | 0.66 | -0.53 | 6.99 | -6.09 | -0.98 | 0.02 |
Working capital
Days
| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 66 | 9 | 8 | 13 | 4 | 14 | 7 | 8 | 7 |
| Inventory days | 1,224 | 35 | 198 | 207 | 285 | 103 | 101 | 253 | 142 |
| Days payable | 653 | 46 | 131 | 133 | 108 | 55 | 62 | 119 | 97 |
| Cash conversion cycle | 637 | -1 | 75 | 87 | 182 | 62 | 46 | 142 | 53 |
| Working capital days | 152 | -44 | -53 | -45 | 25 | 7 | -2 | -3 | -15 |
Earthstahl & Alloys peers and competitors
Listed SME companies in the same industryBy sales, Earthstahl & Alloys is number 111 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Agarwal Float Glass India | 18 | 12.5 | 65.1 | 1.5 | 5.7% | 0.82 |
| Abril Paper Tech | 24 | 15.9 | 65.1 | 1.5 | 3.2% | 0.03 |
| Dhaval Packaging | 171 | 21.3 | 65 | 8 | 21.7% | 0.78 |
| Kasturi Metal Composite | 89 | 22.4 | 64.4 | 4 | 12.5% | 0.38 |
| Quest Flow Controls | 195 | - | 62.4 | -4.3 | 0.1% | 0.07 |
| Krupalu Metals | 15 | 5.6 | 62.3 | 2.8 | 7.7% | 0.63 |
| Abha Power and Steel | 43 | 17.6 | 62.2 | 2.5 | 8.6% | 0.37 |
| Earthstahl & Alloys | 17 | - | 61.6 | -4.9 | -4.3% | 0.46 |
| 3B Films | 36 | 19.4 | 60 | 1.8 | 18.5% | 1.89 |
| Pattech Fitwell Tube Components | 103 | 54.6 | 59.8 | 1.9 | 6.7% | 0.89 |
| Envirotech Systems | 131 | 10.9 | 57.6 | 12.1 | 32.7% | 0.18 |
| Median of the 10 others | 66 | 17.6 | 62.3 | 2.2 | 8.2% | 0.51 |
Earthstahl & Alloys shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Earthstahl & Alloys shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 23 | Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|
| Promoters | 73.53% | 73.53% | 73.53% | 73.53% | 73.53% | 73.53% | 73.53% |
| Foreign investors (FIIs) | 0.00% | 0.00% | 0.88% | 0.88% | 0.88% | 0.88% | - |
| Number of shareholders | 438 | 510 | 531 | 543 | 492 | 475 | 444 |
Earthstahl & Alloys latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹27.7 cr (-22%), net profit -₹1.7 cr (-) on H2 FY25.
- Shareholding, 31 March 2026: promoters unchanged at 73.53%.
Earthstahl & Alloys announcements
5 on record, latest first; each opens the filing on the exchange
- Company UpdateCompliance certificate under reg. 74(5) of SEBI (DP) Regulations, 2018, for the period ended 30th september, 2026PDF ↗
- AGM/EGMIntimation of Voting Result along with the Scrutinizer Report for the 17th AGM of the CompanyPDF ↗
- AGM/EGMIntimation of proceedings of 17th AGM of the company held on 29.09.2026PDF ↗
- Company UpdateIntimation under regulation 30 - Payment of finePDF ↗
- Insider Trading / SASTIntimation of closure of trading window for the purpose of considering the unaudited financial result for the HY ending 30.09.2026PDF ↗
Earthstahl & Alloys annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Earthstahl & Alloys share split, bonus and dividends
From the corporate actions the company announces on the exchange
- DividendDividend - Rs. - 0.5000ex-date 21 Sept 2023
Checks we ran on Earthstahl & Alloys' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 96 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,22,40,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY22 (₹24.97) and FY23 (₹7.94) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY18 to FY26.
- iPrices run to the close on 1 Oct 2026, from the exchange's daily figures.
Questions people ask about Earthstahl & Alloys
What does Earthstahl & Alloys do?
Earthstahl & Alloys is an SME company listed on BSE SME, in industrial products.
What is the share price of Earthstahl & Alloys?
₹14 at the close on 4 Nov 2026, from the exchange's daily figures.
What is the market cap of Earthstahl & Alloys?
₹17 cr at the close on 4 Nov 2026, on 1,22,40,000 shares.
What are Earthstahl & Alloys' revenue and profit?
Revenue ₹62 cr and profit after tax -₹5 cr in FY26.
Who are the promoters of Earthstahl & Alloys?
The promoter group; promoters held 73.53% at 31 March 2026.
What is Earthstahl & Alloys' website?
www.earthstahl.com
More SME companies like Earthstahl & Alloys
Other listed SME companies in industrial products, the closest in size first, each read from its own documents.
- Shree Marutinandan TubesSHREE · BSE SME · Industrial ProductsMarket cap ₹18 cr
- Krupalu MetalsKRUPALU · BSE SME · Industrial ProductsMarket cap ₹18 cr
- Sati Poly PlastSATIPOLY · NSE Emerge · Industrial Products · listed 2024Market cap ₹18 cr
- Sabar Flex IndiaSABAR · NSE Emerge · Industrial Products · listed 2022Market cap ₹18 cr
- Agarwal Float Glass IndiaAGARWALFT · NSE Emerge · Industrial Products · listed 2023Market cap ₹18 cr
- AIK Pipes and PolymersAIKPIPES · BSE SME · Industrial ProductsMarket cap ₹18 cr
Built from 5 exchange announcements, 7 shareholding patterns and 9 years of reported results. Every figure carries its source; where the documents are silent, the page says so.