Nova Iron Steel Ltd vs Riddhi Steel Tube Ltd Stock Comparison

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Last Updated on: Jun 02, 2026

Key Highlights

The Latest Trading Price of Nova Iron & Steel Ltd is ₹ 12 as of 02 Jun 15:30 . The P/E Ratio of Nova Iron & Steel Ltd changed from 0.3 on March 2025 to 0.3 on March 2025 . This represents a CAGR of 0.00% over 1 yearsThe P/E Ratio of Riddhi Steel & Tube Ltd changed from 14.9 on March 2021 to 10 on March 2025 . This represents a CAGR of -7.67% over 5 years The Market Cap of Nova Iron & Steel Ltd changed from ₹ 24.79 crore on March 2021 to ₹ 47.23 crore on March 2025 . This represents a CAGR of 13.76% over 5 yearsThe Market Cap of Riddhi Steel & Tube Ltd changed from ₹ 19.36 crore on March 2021 to ₹ 76.19 crore on March 2025 . This represents a CAGR of 31.52% over 5 years The revenue of Nova Iron & Steel Ltd for the Dec '25 is ₹ 110.26 crore as compare to the Sep '25 revenue of ₹ 117.24 crore. This represent the decline of -5.95% The revenue of Riddhi Steel & Tube Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 revenue of ₹ 0 crore. This represent the decline of 0% The ebitda of Nova Iron & Steel Ltd for the Dec '25 is ₹ -0.81 crore as compare to the Sep '25 ebitda of ₹ 8.07 crore. This represent the decline of -110% The ebitda of Riddhi Steel & Tube Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 ebitda of ₹ 0 crore. This represent the decline of 0% The net profit of Nova Iron & Steel Ltd changed from ₹ 4.49 crore to ₹ -11.77 crore over 7 quarters. This represents a CAGR of NaN% The net profit of Riddhi Steel & Tube Ltd changed from ₹ 0 crore to ₹ 0 crore over 7 quarters. This represents a CAGR of 0.0% The Dividend Payout of Nova Iron & Steel Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Dividend Payout of Riddhi Steel & Tube Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

About Nova Iron & Steel Ltd

Nova Iron & Steel Limited was incorporated in 1986.
The company was promoted by Nova Magnetics, Nova Electro-Magnetics and Nova Steels, all belonging to R K Gambhir and G K Gambhir of the Nova group.
The Company is engaged in the manufacture of sponge iron and steel.
The company also provides product separation, screening, and storage facilities. During the year 1993-94, the company came out with a public issue of 5,27,00,000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur, Madhya Pradesh. In July 15, 1994, the company inaugurated the sponge iron plant at Bilaspur.
In September 1994, they started trial production.

About Riddhi Steel & Tube Ltd

Riddhi Steel and Tube Limited was originally incorporated on September 07, 2001, as Riddhi Steel and Tube Private Limited with the Registrar of Companies, Gujarat.
Company was converted into a Public Limited company and accordingly the name was changed to Riddhi Steel and Tube Limited.
A fresh Certificate of Incorporation was issued on February 01, 2016 by Registrar of Companies, Gujarat. The Company is engaged in activity of manufacturing and trading of Steel and tube pipes including power sector, agro based industries, construction industries, and gas transportation, fire-fighting applications etc.
It manufactures steel square hollow sections (SHS) and rectangular hollow sections (RHS) in a various size and thickness. The Company is an ISO 9001:2008 certified company in compliance with quality management system and has also attained the license from the Bureau of Indian Standard for the various products.

FAQs for the comparison of Nova Iron & Steel Ltd and Riddhi Steel & Tube Ltd

Which company has a larger market capitalization, Nova Iron & Steel Ltd or Riddhi Steel & Tube Ltd?

Market cap of Nova Iron & Steel Ltd is 43 Cr while Market cap of Riddhi Steel & Tube Ltd is 329 Cr

What are the key factors driving the stock performance of Nova Iron & Steel Ltd and Riddhi Steel & Tube Ltd?

The stock performance of Nova Iron & Steel Ltd and Riddhi Steel & Tube Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Nova Iron & Steel Ltd and Riddhi Steel & Tube Ltd?

As of June 2, 2026, the Nova Iron & Steel Ltd stock price is INR ₹11.94. On the other hand, Riddhi Steel & Tube Ltd stock price is INR ₹265.0.

How do dividend payouts of Nova Iron & Steel Ltd and Riddhi Steel & Tube Ltd compare?

To compare the dividend payouts of Nova Iron & Steel Ltd and Riddhi Steel & Tube Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.