Ahm. Steelcraft - Ahm. Steelcraft

📊 BSE: 522273 🏢 Iron & Steel Products 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Revenue from EPC and Infrastructure Construction segments grew by approximately 22,338% YoY, reaching INR 171.88 Cr in FY25 compared to INR 0.77 Cr in FY24.

Geographic Revenue Split

The company operates both within India (specifically Jharkhand) and internationally; specific percentage split by region is not disclosed in available documents.

Profitability Margins

Net Profit Margin improved significantly to 6.23% in FY25 from -298.48% in FY24, driven by a 102.09% increase in sales and profit efficiency.

EBITDA Margin

EBITDA Margin stood at 7.01% in FY25, a turnaround from -155.97% in FY24, representing a 357.18% increase in operating profitability.

Capital Expenditure

The company raised INR 79.20 Cr through the issuance of warrants at INR 62 per warrant to Promoter and Non-Promoter groups to fund growth and expansion.

Credit Rating & Borrowing

The company maintains a Debt-Equity Ratio of 0.0, indicating it is debt-free with no outstanding term loans or borrowing costs reported.

⚙️ Operational Drivers

Raw Materials

Steel, transmission towers, conductors, insulators, and electrical equipment for 132 KV DC transmission lines.

Capacity Expansion

Scaling operations through new turnkey contracts, including a recent INR 59.27 Cr project for 20.5 KM of transmission lines.

Raw Material Costs

Raw material costs are a primary driver for EPC projects; specific percentage of revenue is not disclosed, but margins are sensitive to global demand-supply conditions.

📈 Strategic Growth

Growth Strategy

Growth is targeted through the acquisition of large-scale turnkey EPC contracts in the power sector, such as the INR 59.27 Cr JUSNL project, and capital infusion of INR 79.20 Cr via warrants.

Products & Services

EPC (Engineering, Procurement, and Construction) services, Infrastructure Construction, and Power Transmission & Distribution services (132 KV DC lines).

Brand Portfolio

Ahmedabad Steel Craft Limited.

New Products/Services

Turnkey commissioning of 132 KV DC Chandankiyari - ITI More, Chas Transmission Line (20.5 KM).

Market Expansion

Targeting challenging infrastructure ventures across the globe and major power transmission projects within India.

🌍 External Factors

Industry Trends

The power transmission and distribution industry is evolving toward turnkey EPC models for major infrastructure projects, with the company positioning itself for global ventures.

Competitive Landscape

Operates in the competitive EPC and infrastructure construction sector, primarily bidding for government-led power transmission projects.

Competitive Moat

Moat is built on expertise in transmission and distribution of power in challenging ventures; sustainability is supported by a debt-free balance sheet and a robust risk management framework.

Macro Economic Sensitivity

Highly sensitive to government infrastructure spending and domestic demand-supply conditions in the steel and power sectors.

Consumer Behavior

Not applicable as the company operates in the B2B and B2G (Business-to-Government) infrastructure space.

Geopolitical Risks

Faces risks from international operations and evolving global regulatory landscapes.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to government regulations, tax regimes, and infrastructure policies; compliant with Companies Act 2013 and SEBI (LODR) Regulations.