Steel Exchange India Ltd
NSE: STEELXIND · Iron & Steel Products · sector
₹9.59NSE close 2026-10-26
Key numbers
Market cap₹1,223 cr
Price₹9.59
52w high / low₹14 / ₹7
P/E36.9xSector median 15.5x
P/B1.6xSector median 1.7x
Book value₹6.0
Dividend yield–Sector median 0.60%
ROE4.3%Sector median 11.1%
ROCE9.2%Sector median 11.9%
OPM13.0%Sector median 6.7%
Debt / equity0.54xSector median 0.21x
EV/EBITDA12.1xSector median 11.8x
Interest cover1.7x
Current ratio2.26x
Sales growth 3y-8.6%Sector median +2.1%
Profit growth 3y–Sector median +13.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹16 cr vs borrowings ₹418 cr (FY26): borrowings are higher by ₹401 cr.
- Operating profit covered interest 1.7x in the last 12 months.
- 99.95% of the promoters' shares are pledged (49.6% of all shares).
- Promoter holding fell by 1.13 percentage points in a year, to 49.67% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY22).
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 9% of net profit in the last 12 months.
- Debtor days went from 59 (FY24) to 76 (FY26).
- No dividend in the last 5 financial years.
- Price ₹9.59 on 2026-10-26: -31.3% from the 52-week high, +37.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹12.88 · low ₹7.03
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261 | 328 | 291 | 300 | 232 | 240 | 287 | 270 |
| EBITDA | 26 | 39 | 33 | 31 | 27 | 22 | 50 | 34 |
| OPM % | 10.1% | 12.0% | 11.3% | 10.5% | 11.9% | 9.3% | 17.3% | 12.7% |
| Other income | 1 | 0 | 17 | 5 | 1 | 1 | 0 | 1 |
| Net profit | 3 | 16 | 5 | 10 | 2 | 2 | 12 | 15 |
| EPS (₹) | 0.04 | 0.26 | 0.04 | 0.09 | 0.02 | 0.02 | 0.10 | 0.12 |
| Revenue YoY | -11.1% | -26.6% | -1.4% | -10.1% | ||||
| Profit YoY | -22.4% | -85.6% | +159.9% | +46.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,099 | 1,388 | 1,089 | 1,144 | 1,059 | 1,029 |
| EBITDA | 106 | 97 | 96 | 124 | 131 | 134 |
| Net profit | 116 | -59 | 11 | 26 | 27 | 32 |
| EPS (₹) | 13.42 | -0.71 | 0.09 | 0.22 | 0.22 | 0.26 |
| Revenue growth | +26.3% | -21.5% | +5.0% | -7.4% | -12.8% | |
| Profit growth | -150.5% | – | +138.1% | +4.1% | -5.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -8.6% | +3.4% | -12.7% |
| Net profit | – | -28.0% | -5.3% |
| EPS | – | -58.7% | – |
| Share price | – | -8.3% (2y) | -0.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 517 | 662 | 706 | 768 |
| Borrowings | – | 239 | 382 | 358 | 418 |
| Cash & equivalents | – | 19 | 20 | 21 | 16 |
| Total assets | – | 1,132 | 1,268 | 1,284 | 1,375 |
| Fixed assets | – | 579 | 570 | 613 | 590 |
| Capital work in progress | – | 13 | 50 | 3 | 6 |
| Investments | – | 0 | 0 | 34 | 43 |
| Receivables | – | 112 | 175 | 192 | 221 |
| Inventory | – | 282 | 296 | 306 | 396 |
| Payables | – | 143 | 126 | 141 | 107 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 4 | 138 | -48 | 97 | -38 |
| Cash from investing | 9 | -14 | -49 | -15 | 8 |
| Cash from financing | -1 | -120 | 98 | -81 | 25 |
| Capex | 8 | 10 | 12 | 0 | 0 |
| Free cash flow | -4 | 128 | -60 | 97 | -38 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -11.4% | 1.6% | 3.7% | 3.5% |
| ROCE % | – | 10.2% | 7.6% | 11.3% | 9.3% |
| Debtor days | – | 30 | 59 | 61 | 76 |
| Inventory days | – | 88 | 123 | 126 | 183 |
| Payable days | – | 45 | 52 | 58 | 49 |
| Cash conversion cycle (days) | – | 73 | 130 | 129 | 210 |
| Working capital days | – | 20 | 95 | 88 | 137 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 49.67% |
| FIIs | 0.52% |
| DIIs | 1.04% |
| of which Mutual funds | 0.00% |
| Government | 0.24% |
| Public (non-institutions) | 48.53% |
| Quarter | Jun 2025 | Jul 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Apr 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.90% | 50.80% | 50.80% | 50.80% | 50.80% | 49.67% | 49.67% | 49.67% |
| Promoter group | % |
|---|---|
| Umashiv Garments Private Ltd | 19.30% |
| Vizag Profiles Private Limited | 19.20% |
| Suresh Kumar Bandi | 3.56% |
| Bavineni Suresh | 1.90% |
| Bandi Ramesh Kumar | 1.26% |
| Bandi Jaya Padmavathi | 1.04% |
| Bavineni Jyothi Kiran | 0.88% |
| Rajesh Bavineni | 0.61% |
| Satish Kumar Bandi | 0.51% |
| Veeramachaneni Venkata Krishna RAO | 0.50% |
| Bavineni Lavanya | 0.39% |
| V Rajya Lakshmi | 0.27% |
| Bandi Arunakanthi | 0.17% |
| Veeramachaneni Srijan Babu | 0.09% |
| Sudha B | 0.01% |
| Public holders above 1% | % |
|---|---|
| Vishwa Samudra Holdings Private Limited | 4.74% |
| Gunakala Vijayalakshmi | 2.22% |
| Grandhi Rajesh | 1.45% |
| Kolluri Impex Private Limited | 1.43% |
| NEO Special Credit Opportunities Fund1 | 1.04% |
| Dhatre Udyog Limited | 1.01% |
2,84,793 shareholders. Pledged: 99.95% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| STEELXIND | ₹1,223 cr | 36.9x | 1.6x | 4.3% | 9.2% | 13.0% | -8.6% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Steel | ₹1,042 cr | 91.3% | ₹111 cr | 10.6% |
| Power | ₹96 cr | 8.4% | ₹-4 cr | -4.4% |
| Logistics | ₹4 cr | 0.3% | ₹3 cr | 92.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2024-03-04 | Other | Extra Ordinary General Meeting |
| 2023-12-11 | Other | Extra Ordinary General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2023-05-12 | Other | Extra Ordinary General Meeting |
| 2022-07-12 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2022-06-16 | Other | Annual General Meeting |
| 2021-11-02 | Other | Extra General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2021-01-07 | Other | Extra Ordinary General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-01 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and metal products
- Trading: Metal and metal products
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | STEELXIND |
| BSE code | 534748 |
| ISIN | INE503B01021 |
| Face value | ₹1.0 |
| Incorporated | 1999-02-24 |
| Website | www.seil.co.in |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.