Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · NOVA IRON & STEEL LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
NOVA IRON & STEEL LTD.
BSE: 513566
BSE: 513566
Industrials › Capital Goods › Industrial Products › Iron & Steel Products
NOVA IRON & STEEL LTD.
StateQ3 FY26 filed
Last close · 28 Oct 2026₹13.25
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA0.3 · — · 1.1
NOVA IRON & STEEL LTD. is a Industrial Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY21–FY25 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 345 | 605 | 698 | 564 | 417 |
| EBITDA (ex other income) | 8 | 16 | 26 | (63) | 167 |
| margin % | 2.2 | 2.6 | 3.7 | (11.2) | 40.1 |
| Owners' profit | (12) | (15) | (2) | (94) | 149 |
| EPS, as reported (₹) | (3.30) | (4.09) | (0.50) | (25.96) | 41.17 |
| ROE % · ROCE % | 36.0 · 395.0 | 30.4 · 9.2 | 3.4 · 6.9 | 60.3 · (61.1) | (1316.8) · 103.1 |
| Debt / equity (x) | (9.41) | (6.83) | (6.28) | (2.55) | (21.86) |
| Cash from operations | 18 | 3 | 18 | (10) | 36 |
| Capex | (0) | (0) | (10) | (36) | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NOVA IRON & STEEL LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 146 | 125 | 99 | 98 | 95 | 113 | 108 | 110 |
| Profit before tax | (101) | 4 | (9) | (5) | 149 | 2 | (1) | (12) |
| Net profit | (68) | 4 | (9) | (5) | 158 | 2 | (1) | (12) |
| EPS (₹) | (18.83) | 1.24 | (2.45) | (1.31) | 43.69 | 0.61 | (2.74) | (3.26) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 67,533 | 29.2 | 7.18 | 28.8 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 60,250 | 49.0 | 11.38 | 31.4 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 31,861 | 28.4 | 2.58 | 12.9 | 8.6 | 11.4 | 24.1 | 14.9 |
| RATNAMANI MET & TUB LTD. | 16,161 | 37.3 | 3.84 | 18.9 | 12.7 | 15.6 | 14.4 | 18.5 |
| JINDAL SAW LIMITED | 15,396 | 23.5 | 1.25 | 8.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| USHA MARTIN LTD. | 14,152 | 27.9 | 4.29 | 18.6 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,005 | 29.9 | 3.92 | 17.3 | 14.6 | 16.8 | 34.4 | 17.8 |
| GODAWARI POW & ISP LTD | 12,751 | 14.9 | 2.18 | 9.7 | 13.7 | 17.0 | 5.7 | 21.0 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.3 | 15.4 | 3 of 105 | 98% |
| ROCE | 0.7 | 9.1 | 97 of 115 | 16% |
| EBITDA margin | (0.7) | 11.0 | 96 of 100 | 4% |
| Revenue growth | 12.4 | 13.7 | 50 of 97 | 49% |
| Profit growth | (149.2) | 29.3 | 100 of 105 | 5% |
| Market cap | 48 | 216 | 85 of 122 | 31% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NOVA IRON & STEEL LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · RTA files quarterly dematerialisation confirmation certificate under SEBI Reg 74(5) | compliance | minimal | — | — |
| 8 Oct 2026 · Nova Iron and Steel gets 2.5 month extension to hold FY26 AGM | regulatory legal | low | — | — |
| 7 Oct 2026 · AGM notice and book closure published in newspapers | compliance | minimal | — | — |
| 7 Oct 2026 · Nova Iron & Steel FY26 Annual Report: revenue up 12 percent, net loss Rs 16 cr | board shareholder meetings | medium | — | — |
| 6 Oct 2026 · Notice of 34th AGM and Annual Report for FY 2025-26 dispatched | board shareholder meetings | low | — | — |
| 6 Oct 2026 · Nova Iron 34th AGM on Oct 30, 2026 via video conferencing; book closure Oct 23-30 | board shareholder meetings | low | — | — |
| 6 Oct 2026 · Nova Iron FY26 net loss of Rs 1,597 lakh on forced asset sale and PMLA orders | investor communications | medium | — | — |
| 6 Oct 2026 · 34th AGM notice from Nova Iron and Steel set for Oct 30, 2026 via VC | board shareholder meetings | low | — | — |
| 6 Oct 2026 · Notice of 34th AGM on October 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 3 Oct 2026 · BSE approves reclassification of 3 promoters to public category | ownership changes | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in