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Company Information

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ADITYA ULTRA STEEL LTD

14 October 2025 | 12:00

Industry >> Steel - General

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ISIN No INE01YQ01013 BSE Code / NSE Code / Book Value (Rs.) 18.19 Face Value 10.00
Bookclosure 52Week High 59 EPS 3.76 P/E 8.67
Market Cap. 80.84 Cr. 52Week Low 24 P/BV / Div Yield (%) 1.79 / 0.00 Market Lot 2,000.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2025-03 

2 SIGNIFICANT ACCOUNTING POLICIES
a Basis of Preparation

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in India ('Indian
GAAP') to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013, as applicable. The
financial statements have been prepared under the historical cost convention on accrual basis, except for certain financial
instruments which are measured at fair value.

b Use of Estimates

The preparation of financial statements in accordance with the GAAP requires management to make estimates and assumptions
that may affect the reported amount of assets and liabilities, classification of assets and liabilities into non-current and current
and disclosures relating to contingent liabilities as at the date of financial statements and the reported amounts of income and
expenses during the reporting period. Although the financial statements have been prepared based on the management's best
knowledge of current events and procedures/actions, the actual results may differ on the final outcome of the matter/transaction
to which the estimates relates.

c Property, Plant and Equipment

The Property Plant & Equipment are stated at cost of acquisition/construction (less Accumulated Depreciation, if any) except land.
The cost of Property Plant & Equipment comprises of their purchase price including freight, duties, taxes or levies and directly
attributable cost of bringing the assets to their working conditions for their intended use. The Company capitalizes its Property
Plant & Equipment at a value net of GST received/receivable during the period in respect of eligible Capital Goods.

Subsequent expenditures on Property Plant & Equipment have been capitalised only if such expenditures increase the future
benefits from the existing assets beyond their previously assessed standard of performance. The assets that are under
construction/erection or not fully acquired and therefore not available for productive use are shown as "Capital Work in Progress"
under Property Plant & Equipment and will be capitalized on completion of the construction/erection/acquisition activities.

d Intangible assets

The Intangible Assets of Accounting Software, Server Software, Website Development etc. have been recognised at their cost
of acquisition. On the basis of the availability of these assets for their intended use, relevant contractual agreements and
technological changes that may affect the usefulness of these assets, the useful lives of these assets have been assumed to be of
five years from the date of their acquisition.

e Depreciation and amortization

The Depreciation on Property Plant & Equipment is provided on straight line method for the period of acquisition/construction i.e.
from the period from which such assets were available for their intended use on pro-rata basis on the basis of useful life of each
of the Property Plant & Equipment as per Schedule II of the Companies Act, 2013 and in the manner specified in Schedule II of the
Companies Act, 2013.

The amount of depreciation for the period has been derived by subtracting five per of the original cost of each of the assets as
salvage value from the carrying amount respective assets as per the books of account as at the commencement of the year and
the cost of acquisition in case of assets acquired during the period and such remaining carrying value or cost has been depreciated
over the remaining years of useful life of assets.

f Impairment of assets

At each balance sheet date, the management reviews the carrying amounts of its assets included in each cash generating unit to
determine whether there is any indication that those assets were impaired. If any such indication exists, the recoverable amount
of the asset is estimated in order to determine the extent of impairment. Recoverable amount is the higher of an asset's net selling

price and value in use. In assessing value in use, the estimated future cash flows expected from the continuing use of the asset and
from its disposal are discounted to their present value using a pre-tax discount rate that reflects the current market assessments
of time value of money and the risks specific to the asset. Reversal of impairment loss is recognised as income in the statement of
profit and loss.

g Investment

Long-term investments and current maturities of long-term investments are stated at cost, less provision for other than temporary
diminution in value. Current investments, except for current maturities of long-term investments, comprising investments in
mutual funds, government securities and bonds are stated at the lower of cost and fair value.

h Inventories

Raw materials are carried at the lower of cost and net realisable value. Cost is determined on a weighted average basis. Purchased
goods-in-transit are carried at cost. Work-in-progress is carried at the lower of cost and net realisable value. Stores and spare parts
are carried at lower of cost and net realisable value. Finished goods produced or purchased by the Company are carried at lower
of cost and net realisable value. Cost includes direct material and labour cost and a proportion of manufacturing overheads.

i Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are
subject to an insignificant risk of change in value and having original maturities of three months or less from the date of purchase,
to be cash equivalents.

j Revenue recognition

All income and expenses are accounted on accrual basis. The Company recognised Sale of Goods when it had transferred the
property in Goods to the buyer for a price or all significant risks and rewards of ownership had been transferred to the buyer and
no significant uncertainty existed as to the amount of consideration that would be derived from such sale. The recognition event is
usually the dispatch of goods to the buyer such that the Company retains no effective control over the goods dispatched. Income
from investments, where appropriate, is taken into revenue in full on declaration or accrual and tax deducted at source thereon
is treated as advance tax.

k Employee Benefits

Post-employment benefit plans

Contributions to defined contribution retirement benefit schemes are recognised as expense when employees have rendered
services entitling them to such benefits.

For defined benefit schemes, the cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial
valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the statement of profit
and loss for the period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already
vested, or amortised on a straight-line basis over the average period until the benefits become vested.

The retirement benefit obligation recognised in the balance sheet represents the present value of the defined benefit obligation
as adjusted for unrecognised past service cost, and as reduced by the fair value of scheme assets. Any asset resulting from this
calculation is limited to the present value of available refunds and reductions in future contributions to the scheme.

Other employee benefits

The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by
employees is recognised during the period when the employee renders the service. These benefits include compensated absences
such as paid annual leave, overseas social security contributions and performance incentives.

Compensated absences which are not expected to occur within twelve months after the end of the period in which the employee
renders the related services are recognised as an actuarially determined liability at the present value of the defined benefit

obligation at the balance sheet date.
l Borrowing Cost

The borrowing costs incurred by the company during the period in connection with the borrowing of funds have been debited to
the statement of profit and loss for the period.

m Foreign currency transactions

Income and expense in foreign currencies are converted at exchange rates prevailing on the date of the transaction. Foreign
currency monetary assets and liabilities other than net investments in non-integral foreign operations are translated at the
exchange rate prevailing on the balance sheet date and exchange gains and losses are recognised in the statement of profit and
loss. Exchange difference arising on a monetary item that, in substance, forms part of an enterprise's net investments in a non¬
integral foreign operation are accumulated in a foreign currency translation reserve.

n Taxation

Current income tax expense comprises taxes on income from operations in India and in foreign jurisdictions. Income taxpayable
in India is determined in accordance with the provisions of the Income Tax Act, 1961. Tax expense relating to foreign operations is
determined in accordance with tax laws applicable in countries where such operations are domiciled.

Deferred tax expense or benefit is recognised on timing differences being the difference between taxable income and accounting
income that originate in one period and is likely to reverse in one or more subsequent periods. Deferred tax assets and liabilities
are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

The Company offsets deferred tax assets and deferred tax liabilities if it has a legally enforceable right and these relate to taxes on
income levied by the same governing taxation laws.

o Segment accounting

The dominant source of income of the company is from the sale of TMT Bars, Iron & other Steel Products which do not materially
differ in respect of risk perception and the return realized/to be realized. Even the geographical environment in which the company
operates does not materially differ considering the political and economic environment, the type of customers, assets employed
and the risk and return associated in respect of each of the geographical area. So, the disclosure requirements pursuant to AS-17
-Segment Reporting issued by the ICAI are not applicable to the company.

p Earnings Per Shares

Basic earning per share is computed by dividing the net profit or loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. Diluted earning per share is computed by taking into
account the weighted average number of equity shares outstanding during the period and the weighted average number of equity
shares which would be issued on conversion of all dilutive potential equity shares into equity shares.

q Prior Period Items

Prior Period expenses have been adjusted to the carrying amount of surplus of Statement of Profit & Loss.