Aisha Steel Mills Ltd
Aisha Steel Mills Ltd operates in Diversified Metals & Mining.
Aisha Steel Mills Ltd (ASL) - Net Assets
Latest net assets as of March 2024: PKRs15.91 Billion PKR
Based on the latest financial reports, Aisha Steel Mills Ltd (ASL) has net assets worth PKRs15.91 Billion PKR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (PKRs39.73 Billion) and total liabilities (PKRs23.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | PKRs15.91 Billion |
| % of Total Assets | 40.06% |
| Annual Growth Rate | 28.56% |
| 5-Year Change | 79.4% |
| 10-Year Change | N/A |
| Growth Volatility | 52.71 |
Aisha Steel Mills Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Aisha Steel Mills Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aisha Steel Mills Ltd (2016–2023)
The table below shows the annual net assets of Aisha Steel Mills Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs15.69 Billion | +11.80% |
| 2022-06-30 | PKRs14.04 Billion | -2.98% |
| 2021-06-30 | PKRs14.47 Billion | +78.66% |
| 2020-06-30 | PKRs8.10 Billion | -7.42% |
| 2019-06-30 | PKRs8.75 Billion | +3.01% |
| 2018-06-30 | PKRs8.49 Billion | +26.72% |
| 2017-06-30 | PKRs6.70 Billion | +147.68% |
| 2016-06-30 | PKRs2.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aisha Steel Mills Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 375895500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs925.18 Million | 5.90% |
| Other Components | PKRs14.77 Billion | 94.10% |
| Total Equity | PKRs15.69 Billion | 100.00% |
Aisha Steel Mills Ltd Competitors by Market Cap
The table below lists competitors of Aisha Steel Mills Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRIMORUS INV.PLC LS-002
F:FVQ1
|
$312.49 |
|
Standard Bank Group Ltd. 6.5% Pfd.
JSE:SBKP
|
$313.03 |
|
QUALITY CHEMICAL INDUSTRIES LTD
USE:QCIL
|
$313.63 |
|
Balochistan Glass Ltd
KAR:BGL
|
$313.71 |
|
PINE TECH HLDGS
BE:PNY
|
$312.10 |
|
Atlas For Investment and Food Industries
EGX:ALRA
|
$311.33 |
|
Sunrise Resources Plc
LSE:SRES
|
$308.93 |
|
Image Scan Holdings Plc
LSE:IGE
|
$308.05 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aisha Steel Mills Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,035,553,000 to 15,691,715,000, a change of 1,656,162,000 (11.8%).
- Net loss of 3,215,653,000 reduced equity.
- Dividend payments of 162,000 reduced retained earnings.
- Other factors increased equity by 4,871,977,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs-3.22 Billion | -20.49% |
| Dividends Paid | PKRs162.00K | -0.0% |
| Other Changes | PKRs4.87 Billion | +31.05% |
| Total Change | PKRs- | 11.80% |
Book Value vs Market Value Analysis
This analysis compares Aisha Steel Mills Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.56x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.96x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | PKRs9.77 | PKRs9.40 | x |
| 2018-06-30 | PKRs10.20 | PKRs9.40 | x |
| 2019-06-30 | PKRs11.43 | PKRs9.40 | x |
| 2020-06-30 | PKRs10.58 | PKRs9.40 | x |
| 2021-06-30 | PKRs18.75 | PKRs9.40 | x |
| 2022-06-30 | PKRs15.18 | PKRs9.40 | x |
| 2023-06-30 | PKRs16.87 | PKRs9.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aisha Steel Mills Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.34%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.42x
- Recent ROE (-20.49%) is below the historical average (6.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -5.73% | -1.61% | 0.63x | 5.67x | PKRs-425.43 Million |
| 2017 | 15.23% | 7.25% | 0.77x | 2.71x | PKRs350.10 Million |
| 2018 | 15.12% | 6.79% | 0.93x | 2.41x | PKRs434.87 Million |
| 2019 | 2.90% | 1.25% | 0.62x | 3.74x | PKRs-620.98 Million |
| 2020 | -7.61% | -2.07% | 0.86x | 4.26x | PKRs-1.43 Billion |
| 2021 | 44.02% | 11.55% | 1.51x | 2.52x | PKRs4.92 Billion |
| 2022 | 8.17% | 1.77% | 1.39x | 3.33x | PKRs-257.44 Million |
| 2023 | -20.49% | -10.34% | 0.82x | 2.42x | PKRs-4.78 Billion |
Industry Comparison
This section compares Aisha Steel Mills Ltd's net assets metrics with peer companies in the Metals & Mining industry.
Industry Context
- Industry: Metals & Mining
- Average net assets among peers: $18,129,872,789
- Average return on equity (ROE) among peers: 9.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aisha Steel Mills Ltd (ASL) | PKRs15.91 Billion | -5.73% | 1.50x | $312.49 |
| Amreli Steels Ltd (ASTL) | $15.25 Billion | 8.69% | 1.85x | $503.98 |
| Crescent Steel & Allied Products Ltd (CSAP) | $7.61 Billion | -0.81% | 0.58x | $2.94K |
| International Industries Ltd (INIL) | $35.27 Billion | 8.73% | 1.14x | $4.49K |
| International Steels Ltd (ISL) | $7.14 Billion | 16.51% | 1.94x | $2.57K |
| Mughal Iron & Steel Industries Ltd (MUGHAL) | $25.37 Billion | 13.72% | 1.36x | $2.30K |