Abha Power and Steel Ltd (ABHAPOWER) Share Price & Fundamentals

What we do

Abha Power and Steel Ltd manufactures custom iron and steel castings, servicing diverse industries including railways and exports to multiple countries.

Founded in

2,004

Market share

Certified RDSO vendor for Indian Railways; approved supplier to major public sector companies; exports globally.

Problem solved

Provides high-quality, customized steel castings addressing infrastructure and industrial equipment needs.

Top clients or who we serve

Indian Railways, National Mineral Development Corporation, Integral Coach Factory, and international clients in UAE, Germany, Canada, Italy, Netherlands; B2B focus.

Key management

-

Our journey and innovations

Started with steel ingots in 2004, added SG iron foundry in 2009, converted to steel foundry in 2016, and commissioned captive solar plants recently.

Where we operate

India with exports to UAE, Germany, Canada, Italy, and Netherlands.

Top products or what we offer

Custom iron and steel castings across grades including mild steel, SG iron, stainless steel, high alloy castings up to 6 tonnes.

Top brands

-

Raw materials needed

Iron and steel grades including mild steel, SG iron, manganese steel, stainless steels, alloys.

Raw materials supplier

-

Recurring vs cyclical contribution

Revenue primarily from project orders and supply contracts, largely cyclical.

Our industry position

Noted vendor for Indian Railways and key public sector units with growing export footprint.

Financial highlights

FY 2024-25 revenue Rs 70.18 crore; net profit Rs 6.23 crore; revenue growth over 35% and profit growth over 64% YoY.

Geographical revenue split

India contributes 99% revenue; exports around 1%.

Order book

-

Whats driving growth

Rising infrastructure demand, strategic approvals, export expansion, and capacity upgrades.

Our future plans

Infrastructure enhancements including machine shop, sand mixer installation, and expansion post-IPO.

Our green promise

Installed 5.99 MW captive solar power plants to support sustainable energy use.

Our people and values

104 employees promoting a culture of growth, leadership, and inclusion.

Key challenges ahead

Market cyclicality and raw material price volatility.

Interesting facts

Converted from private to public limited in 2024; IPO raised Rs 38.5 crore; first listed on NSE Emerge platform.

Risks and strategy

Mitigating cyclical demand risks via diversification and operational efficiencies.