New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Negative equity (-₹113m). Market cap is less than US$10m (₹455.7m market cap, or US$4.98m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 02
Third quarter 2026 earnings released: ₹3.26 loss per share (vs ₹1.31 loss in 3Q 2025) Third quarter 2026 results: ₹3.26 loss per share (further deteriorated from ₹1.31 loss in 3Q 2025). Revenue: ₹1.10b (up 13% from 3Q 2025). Net loss: ₹117.7m (loss widened 149% from 3Q 2025). Annuncio • Feb 23
Nova Iron & Steel Limited to Report Q3, 2026 Results on Feb 26, 2026 Nova Iron & Steel Limited announced that they will report Q3, 2026 results on Feb 26, 2026 Annuncio • Nov 08
Nova Iron & Steel Limited to Report Q2, 2026 Results on Nov 14, 2025 Nova Iron & Steel Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Annuncio • Aug 25
Nova Iron & Steel Limited, Annual General Meeting, Sep 17, 2025 Nova Iron & Steel Limited, Annual General Meeting, Sep 17, 2025, at 13:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹0.61 (vs ₹1.24 in 1Q 2025) First quarter 2026 results: EPS: ₹0.61 (down from ₹1.24 in 1Q 2025). Revenue: ₹1.13b (down 9.6% from 1Q 2025). Net income: ₹22.1m (down 51% from 1Q 2025). Profit margin: 2.0% (down from 3.6% in 1Q 2025). Annuncio • Aug 11
Nova Iron & Steel Limited to Report Q1, 2026 Results on Aug 14, 2025 Nova Iron & Steel Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jul 09
Full year 2025 earnings released: EPS: ₹41.17 (vs ₹25.96 loss in FY 2024) Full year 2025 results: EPS: ₹41.17 (up from ₹25.96 loss in FY 2024). Revenue: ₹4.20b (down 26% from FY 2024). Net income: ₹1.49b (up ₹2.43b from FY 2024). Profit margin: 35% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 27
Nova Iron & Steel Limited to Report Q4, 2025 Results on May 30, 2025 Nova Iron & Steel Limited announced that they will report Q4, 2025 results on May 30, 2025 New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹1.6b). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (₹468.4m market cap, or US$5.47m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-₹273m). Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Feb 19
Third quarter 2025 earnings released: ₹1.31 loss per share (vs ₹1.11 profit in 3Q 2024) Third quarter 2025 results: ₹1.31 loss per share (down from ₹1.11 profit in 3Q 2024). Revenue: ₹977.3m (down 14% from 3Q 2024). Net loss: ₹47.2m (down 218% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Feb 08
Nova Iron & Steel Limited to Report Q3, 2025 Results on Feb 14, 2025 Nova Iron & Steel Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Annuncio • Dec 02
Nova Iron & Steel Limited Appoints Suraj Prakash Choudhary as an Additional Independent Director Nova Iron & Steel Limited announced the appointment of Mr. Suraj Prakash Choudhary as an Additional Independent Director of the Company with effect from November 28, 2024. Occupation:- Professional. Reported Earnings • Nov 29
Second quarter 2025 earnings released: ₹2.45 loss per share (vs ₹1.55 loss in 2Q 2024) Second quarter 2025 results: ₹2.45 loss per share (further deteriorated from ₹1.55 loss in 2Q 2024). Revenue: ₹1.00b (down 18% from 2Q 2024). Net loss: ₹88.5m (loss widened 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹468m free cash flow). Negative equity (-₹1.6b). Earnings have declined by 8.5% per year over the past 5 years. Market cap is less than US$10m (₹639.3m market cap, or US$7.57m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Annuncio • Nov 09
Nova Iron & Steel Limited to Report Q2, 2025 Results on Nov 14, 2024 Nova Iron & Steel Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Annuncio • Sep 26
Nova Iron & Steel Limited Announces Board Appointments Nova Iron & Steel Limited announced the appointment of Ms. Kusum Naruka as an Independent Director(woman) and Appointment of Mr. Gaurav Sharma (DIN: 10611094) as an Independent Director. Reported Earnings • Sep 08
First quarter 2025 earnings released: EPS: ₹1.24 (vs ₹0.50 in 1Q 2024) First quarter 2025 results: EPS: ₹1.24 (up from ₹0.50 in 1Q 2024). Revenue: ₹1.26b (down 31% from 1Q 2024). Net income: ₹44.9m (up 147% from 1Q 2024). Profit margin: 3.6% (up from 1.0% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annuncio • Aug 16
Nova Iron & Steel Limited, Annual General Meeting, Sep 23, 2024 Nova Iron & Steel Limited, Annual General Meeting, Sep 23, 2024, at 13:00 Indian Standard Time. Annuncio • Aug 10
Nova Iron & Steel Limited to Report Q1, 2025 Results on Aug 14, 2024 Nova Iron & Steel Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Aug 07
Full year 2024 earnings released: ₹25.96 loss per share (vs ₹0.50 loss in FY 2023) Full year 2024 results: ₹25.96 loss per share (further deteriorated from ₹0.50 loss in FY 2023). Revenue: ₹5.69b (down 19% from FY 2023). Net loss: ₹938.0m (loss widened ₹920.1m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annuncio • Jul 29
Nova Iron & Steel Limited to Report Q4, 2024 Final Results on Aug 05, 2024 Nova Iron & Steel Limited announced that they will report Q4, 2024 final results at 12:15 PM, Indian Standard Time on Aug 05, 2024 New Risk • Jul 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹828.3m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Negative equity (-₹657m). Market cap is less than US$10m (₹828.3m market cap, or US$9.92m). Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₹23.35. The fair value is estimated to be ₹29.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Annuncio • May 23
Nova Iron & Steel Limited to Report Q4, 2024 Results on May 29, 2024 Nova Iron & Steel Limited announced that they will report Q4, 2024 results on May 29, 2024 Annuncio • May 03
Nova Iron & Steel Limited Announces Appointment of Gaurav Sharma as Additional Director Nova Iron & Steel Limited announced the appointment of Gaurav Sharma as Additional Director, effective from May 2, 2024. Date of birth:- December 12,1983. Annuncio • Apr 26
Nova Iron & Steel Limited Announces Board Resignations Nova Iron & Steel Limited informed that Ms. Palak Garg (DIN: 10264720) and Mr. Suraj Prakash Choudhary (DIN: 09241286) Independent Director of the Company has vide their resignation letter dated 24th April, 2024, resigned from the Board of the Company with immediate effect, on account of personal reason and other professional commitments. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹27.40, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 308% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹1.11 (vs ₹4.09 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹1.11 (up from ₹4.09 loss in 3Q 2023). Revenue: ₹1.17b (down 29% from 3Q 2023). Net income: ₹40.1m (up ₹187.9m from 3Q 2023). Profit margin: 3.4% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 07
Nova Iron & Steel Limited to Report Q3, 2024 Results on Feb 14, 2024 Nova Iron & Steel Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Buy Or Sell Opportunity • Jan 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 70% to ₹32.77. The fair value is estimated to be ₹27.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 19%. New Risk • Jan 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-₹657m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹1.23b market cap, or US$14.8m). Reported Earnings • Dec 02
Second quarter 2024 earnings released: ₹1.55 loss per share (vs ₹0.21 loss in 2Q 2023) Second quarter 2024 results: ₹1.55 loss per share (further deteriorated from ₹0.21 loss in 2Q 2023). Revenue: ₹1.23b (down 23% from 2Q 2023). Net loss: ₹56.1m (loss widened ₹48.7m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 03
Nova Iron & Steel Limited to Report Q2, 2024 Results on Nov 10, 2023 Nova Iron & Steel Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Board Change • Sep 30
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Suraj Choudhary is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Sep 26
Nova Iron & Steel Limited Approves Appointment of Palak Garg as an Independent Director Nova Iron & Steel Limited announced at annual general meeting September 23, 2023, the shareholders approved appointment of Mrs. Palak Garg as an Independent Director of the company. Annuncio • Aug 15
Nova Iron & Steel Limited, Annual General Meeting, Sep 23, 2023 Nova Iron & Steel Limited, Annual General Meeting, Sep 23, 2023, at 13:00 Indian Standard Time. Annuncio • Aug 08
Nova Iron & Steel Limited to Report Q1, 2024 Results on Aug 14, 2023 Nova Iron & Steel Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Annuncio • Jul 06
Nova Iron & Steel Limited Announces Resignation of Sumiran Aggarwal from the Board of the Company with Immediate Effect Nova Iron & Steel Limited announced that Ms. Sumiran Aggarwal, Independent Director of the Company has vide her resignation letter dated 4th July, 2023, resigned from the Board of the Company with immediate effect, on account of personal reason and other professional commitments. Annuncio • Jul 01
Nova Iron & Steel Limited Appoints Birender Bhardwaj as Chief Financial Office Nova Iron & Steel Limited at the June 30, 2023, approved the appointment of Mr. Birender Bhardwaj as Chief Financial Officer of the Company. Effective Date from June 30, 2023. Mr. Birender Bhardwaj is a CommerceGraduate and having more than 20 year of experience in Finance and Accounts. Annuncio • Jun 23
Nova Iron & Steel Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 Nova Iron & Steel Limited announced that they will report fiscal year 2023 results on Jun 30, 2023 Annuncio • May 23
Nova Iron & Steel Limited to Report Q4, 2023 Results on May 29, 2023 Nova Iron & Steel Limited announced that they will report Q4, 2023 results on May 29, 2023 Annuncio • Feb 08
Nova Iron & Steel Limited Announces Management Changes Nova Iron & Steel Limited informed that consequent upon resignation of Sh. Hardev Chand Verma from the position of Whole Time Director, Mr. Dinesh Kumar Yadav, Director (Technical) of the Company re-designated as Whole Time Director of the Company. Annuncio • Jan 31
Nova Iron & Steel Limited to Report Q3, 2023 Results on Feb 07, 2023 Nova Iron & Steel Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Annuncio • Jan 20
Nova Iron & Steel Limited Announces Resignation of Hardev Chand Verma as Whole Time Director Nova Iron & Steel Limited announced it has received resignation from Mr. Hardev Chand Verma, from the position of Whole Time Director due to health issues. However, he will continue as Non-Executive Director of the Company. Annuncio • Nov 09
Nova Iron & Steel Limited to Report Q2, 2023 Results on Nov 14, 2022 Nova Iron & Steel Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Annuncio • Nov 04
Nova Iron & Steel Limited, Annual General Meeting, Nov 30, 2022 Nova Iron & Steel Limited, Annual General Meeting, Nov 30, 2022, at 11:30 Indian Standard Time. Agenda: AGM. Annuncio • Aug 07
Nova Iron & Steel Limited to Report Fiscal Year 2022 Results on Aug 14, 2022 Nova Iron & Steel Limited announced that they will report fiscal year 2022 results on Aug 14, 2022 Reported Earnings • May 25
Third quarter 2022 earnings released: ₹3.94 loss per share (vs ₹1.07 profit in 3Q 2021) Third quarter 2022 results: ₹3.94 loss per share (down from ₹1.07 profit in 3Q 2021). Revenue: ₹1.49b (up 23% from 3Q 2021). Net loss: ₹142.3m (down 466% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • May 17
Nova Iron & Steel Limited to Report Q1, 2022 Results on May 23, 2022 Nova Iron & Steel Limited announced that they will report Q1, 2022 results on May 23, 2022 Reported Earnings • Dec 05
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ₹3.30 loss per share (up from ₹14.45 loss in FY 2020). Revenue: ₹3.52b (up ₹2.99b from FY 2020). Net loss: ₹119.1m (loss narrowed 77% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annuncio • Aug 14
Nova Iron & Steel Limited Updates on Its Operations Nova Iron & Steel Limited announced as earlier informed another difficulty after Lockdown in Chhattisgarh, where plant of the Company is situated and account books are being maintained at the plant, are still unable to resume the work. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹1.07 (vs ₹5.07 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.35b (up ₹1.23b from 3Q 2020). Net income: ₹38.8m (up ₹222.0m from 3Q 2020). Profit margin: 2.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Jan 28
Nova Iron & Steel Limited to Report Q3, 2021 Results on Feb 12, 2021 Nova Iron & Steel Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 31
New 90-day high: ₹7.50 The company is up 103% from its price of ₹3.70 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 35% over the same period. Annuncio • Dec 26
Nova Iron & Steel Limited Appoints Ved Parkash Chhabra as Director Nova Iron & Steel Limited approved the appointment of Mr. Ved Parkash Chhabra as a Director at its AGM held on December 25, 2020. Is New 90 Day High Low • Dec 16
New 90-day high: ₹5.62 The company is up 2.0% from its price of ₹5.53 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 27% over the same period. Annuncio • Nov 18
Nova Iron & Steel Limited, Annual General Meeting, Dec 18, 2020 Nova Iron & Steel Limited, Annual General Meeting, Dec 18, 2020, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt audited financial statements of the company for the year ended 31 March 2020 for the year as on that date together with auditors' report and board's report thereon; to consider appointment of Mr. Ved Parkash Chhabra as a director who was appointed as an additional director; to consider re-appointment of Mrs. Sumiran Aggarwal (Woman) as an independent director for second term of five years; to consider re-appointment of Sh. Hardev Chand Verma as whole time director of the company; to ratify and approve the remuneration of the cost auditors for the financial year ending March 31, 2021; and to consider Further Issue of Securities. Is New 90 Day High Low • Nov 11
New 90-day low: ₹3.24 The company is down 55% from its price of ₹7.17 on 13 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: ₹3.43 The company is down 24% from its price of ₹4.54 on 24 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Annuncio • Oct 20
Nova Iron & Steel Limited Announces Resignation of Sh. Ravi Parkash Goyal, Director Nova Iron & Steel Limited announced that it has received resignation from Sh. Ravi Parkash Goyal, Director of the Company. Is New 90 Day High Low • Oct 05
New 90-day low: ₹3.63 The company is down 3.0% from its price of ₹3.75 on 06 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. Annuncio • Aug 06
Nova Iron & Steel Limited to Report Q1, 2021 Results on Aug 13, 2020 Nova Iron & Steel Limited announced that they will report Q1, 2021 results on Aug 13, 2020 
