🔩 Abha Power and Steel – This “Power” Stock Is Actually All Steel
Date of Publishing -
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At a Glance
Abha Power & Steel Ltd (NSE: ABHAPOWER) may sound like it supplies electricity, but it’s actually an iron & steel casting manufacturer with clients like Indian Railways. With a 15%+ operating margin, ROE of 18%, and PE under 10, it’s one of those rare SME stocks that looks cheap and clean.
1. 🎯 Introduction – Why Even Look at This?
₹31 stock, trading at just 9.25x PE and 1.1x book value
FY25 PAT: ₹6.23 Cr on ₹70 Cr revenue
ROE/ROCE both above 18%
🧾 Certified vendor to Indian Railways (RDSO approved)
📈 Margins jumped from 3% → 15% in just 2 years
In a market filled with lace-to-diamond IPOs and 700x PEs, Abha Power looks suspiciously… grounded.
2. ⚙️ WTF Do They Even Do?
🔩 Manufacturer of steel castings and components
🧱 Supplies to:
Railways
Cement
Mining
Power equipment makers
Heavy engineering units
🧪 Works with:
Mild steel
Manganese steel
S.G. iron
Stainless steel
High-alloy castings
They’re the people behind the big, heavy, industrial parts that make the world work.
