ASTL Amreli Steels Limited

Amreli Steels Limited (ASTL) financial ratios

Amreli Steels Limited earned a net margin of 2.6% in FY2026 against a five-year average of -7.2% (Engineering median 3.2%). Return on equity was 4.9%, compared with a sector median of 5.0%. The current ratio stood at 1.40× and debt was 170.8% of equity. Cash took about 201 days to cycle through receivables, inventory and payables.

FY2026 vs the Engineering median

Gross margin: 6.3%; Sector median 6.3%
Operating margin: -2.0%; Sector median 6.5%
Net margin: 2.6%; Sector median 3.2%
Return on equity (ROE): 4.9%; Sector median 5.0%
Return on assets (ROA): 1.3%; Sector median 2.3%
Current ratio: 1.40×; Sector median 1.36×
Debt to equity: 170.8%; Sector median 19.2%
Asset turnover: 0.51×; Sector median 0.51×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 15 companies in the sector with the figure for their latest fiscal year.

ASTL financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 * Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011
Profitability
Gross margin	6.3%	0.5%	6.2%	13.1%	11.2%	11.6%	6.8%	8.5%	17.8%	18.6%	22.5%	17.4%	11.5%	10.9%	13.4%	8.7%
EBITDA margin	3.8%	0.8%	2.8%	11.0%	8.8%	9.1%	5.0%	6.6%	14.8%	15.2%	19.6%	15.5%	10.9%	10.7%	13.3%	7.3%
Operating margin	(2.0%)	(7.7%)	(0.0%)	8.8%	7.5%	7.7%	1.6%	4.2%	12.0%	12.7%	16.8%	13.5%	8.4%	7.8%	10.1%	6.0%
Pre-tax margin	(1.1%)	(33.5%)	(13.9%)	(0.7%)	3.6%	3.5%	(7.3%)	(0.2%)	9.0%	10.9%	14.1%	8.8%	3.2%	1.6%	1.8%	1.1%
Net margin	2.6%	(23.7%)	(15.7%)	(1.5%)	2.3%	3.5%	(4.7%)	0.1%	10.2%	8.1%	10.3%	7.0%	2.1%	1.1%	1.2%	0.0%
Effective tax rate	—	—	—	—	36.2%	1.1%	—	—	(13.7%)	25.7%	26.9%	20.5%	33.6%	30.2%	30.9%	96.7%
Returns
Return on equity (ROE)	4.9%	(30.9%)	(42.7%)	(4.7%)	9.1%	10.9%	(10.6%)	0.3%	16.0%	11.8%	20.0%	29.6%	9.3%	4.9%	3.9%	—
Return on assets (ROA)	1.3%	(8.5%)	(14.0%)	(1.7%)	3.3%	3.8%	(3.8%)	0.1%	7.1%	6.1%	8.8%	8.6%	2.2%	1.1%	1.0%	—
Return on invested capital (ROIC)	—	—	—	—	8.7%	10.0%	—	—	12.2%	9.4%	14.4%	19.2%	8.5%	7.1%	7.1%	—
Liquidity
Current ratio	1.40×	0.52×	0.62×	0.88×	1.00×	0.97×	0.98×	0.86×	1.05×	1.13×	1.88×	1.08×	1.03×	0.83×	0.85×	0.93×
Quick ratio	0.78×	0.31×	0.26×	0.40×	0.36×	0.51×	0.44×	0.31×	0.25×	0.34×	0.72×	0.43×	0.42×	0.30×	0.23×	0.35×
Leverage
Debt to equity	170.8%	210.5%	155.6%	122.9%	125.7%	113.9%	167.1%	98.5%	96.0%	49.5%	42.7%	111.2%	157.7%	218.3%	196.0%	137.9%
Debt to capital	63.1%	67.8%	60.9%	55.1%	55.7%	53.2%	62.6%	49.6%	49.0%	33.1%	29.9%	52.7%	61.2%	68.6%	66.2%	58.0%
Debt to assets	50.8%	50.7%	47.2%	43.7%	44.0%	43.6%	52.3%	40.7%	37.7%	25.5%	22.6%	35.9%	40.8%	47.1%	42.6%	43.1%
Assets to equity	3.73×	3.66×	3.05×	2.83×	2.74×	2.87×	2.79×	2.48×	2.26×	1.92×	2.27×	3.42×	4.23×	4.62×	3.91×	—
Efficiency
Asset turnover	0.51×	0.36×	0.89×	1.08×	1.46×	1.09×	0.82×	1.02×	0.69×	0.76×	0.85×	1.23×	1.04×	0.94×	0.80×	—
Receivable days days	100	131	67	62	49	69	76	43	48	60	65	37	36	31	31	—
Inventory days days	113	179	97	109	75	91	131	114	177	153	148	74	77	86	90	—
Payable days days	11	33	30	41	29	32	37	29	30	23	23	17	17	23	43	—
Cash conversion cycle days	201	276	133	129	95	128	170	128	195	190	190	93	96	93	78	—
Dividends
Dividend payout ratio	0.0%	—	—	—	0.0%	0.0%	—	0.0%	41.2%	55.3%	46.5%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings retention rate	1.00×	—	—	—	1.00×	1.00×	—	1.00×	0.59×	0.45×	0.54×	1.00×	1.00×	1.00×	1.00×	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

ASTL: frequently asked questions

What is ASTL's EPS?

Amreli Steels Limited reported basic earnings per share of Rs 1.69 for FY2026 (Jul 2025 – Jun 2026).

What is ASTL's P/E ratio?

At the closing price of Rs 17.79 on 16 Oct 2026, ASTL trades at a P/E of 10.5× based on EPS of Rs 1.69 (FY2026).

Does ASTL pay dividends?

Amreli Steels Limited did not declare a cash dividend for FY2026.

What was ASTL's revenue and profit in FY2026?

Amreli Steels Limited reported revenue of Rs 21.3 bn and profit attributable to shareholders of Rs 547.9 mn for FY2026 (Jul 2025 – Jun 2026).

What is ASTL's book value per share?

Amreli Steels Limited's book value per share was Rs 36.01 at the end of FY2026. The shares trade at 0.49× book value.

Information only, not investment advice.