STEELXINDIndustrials

STEEL EXCHANGE INDIA LIMITED

Iron & Steel Products · ISIN INE503B01021 · BSE 534748 · NSE EQ · FV ₹1
Last price
₹11
+1.17%today
What this company does

STEEL EXCHANGE INDIA LIMITED operates in Iron & Steel Products, part of the Industrials sector. It booked ₹270 cr of revenue in its latest quarter (Q1 FY27) and kept 5.6% of sales as profit.

The company is primarily engaged in the manufacturing of steel products and allied activities at its Integrated Steel Plant located Despite robust demand, steel prices in India are expected to close to Visakhapatnam, Andhra Pradesh.
In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Industrials, on the 4 of 6 measures we could read for it. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns49

How much profit it earns on the money it employs

Balance sheet65

How much it owes, and whether earnings cover the interest

Valuation50

What today's price implies, against our models or its peers

Governance & risk40

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 50%
Virtually debt-free
Watch-outs
! Thin 5.6% net margin
! 100.0% of promoter stake pledged

What if I invest in STEELXIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 4% a year, it would become
₹14.72 lakh

The slider starts at 4%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹11 +1.17%
latest close · 2026-09-17
52-wk low ₹1042 sessions so far52-wk high ₹13
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio23.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin5.6%Decent
ThinDecentStrong
EBITDA margin13.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
More figures
Market cap
₹1,429 cr
Book value
EPS
₹0.12
latest quarter
Net debt
Enterprise value
EBITDA
₹141 cr
annualised
EBIT
₹116 cr
annualised
Operating margin
10.8%
Return on assets
Earnings yield
4.29%
P/S
1.32
Sales / share
₹8.5
Tax rate
0.0%
Face value
₹1
Shares
127.6 cr
Working capital
Current assets
Current liabilities
Delivery %
43.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹1₹1, midpoint ₹1

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹270 cr
Other Income₹99.5 L
Total Income₹271 cr
Cost of Materials₹203 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-7 cr
Employee Benefit Expense₹12 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹25 cr
Total Expenses₹256 cr
Profit before Tax₹15 cr
Tax Expense₹0 cr
Net Profit₹15 cr
Net margin on total income5.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹199 cr73.5%
Employee benefit expense₹12 cr4.4%
Finance costs₹14 cr5.2%
Depreciation & amortisation₹6 cr2.3%
Other expenses₹25 cr9.1%
Profit for the period₹15 cr5.6%
Total income ₹271 cradds up to ₹100 ✓
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.1/-12 Jul 2022
Who owns it · 2026-06-30
100.0% pledged
Promoter
49.7%
FII / Foreign
0.7%
DII / Domestic
1.9%
Retail / others
47.7%
Promoter stake down 5.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldLate Suguna Bandi · Promoter Group43.31 L · ₹5.0 cr5 Aug 26
BoughtSuresh Kumar Bandi · Promoter and Director43.31 L · ₹5.0 cr5 Aug 26
SoldVIZAG PROFILES PRIVATE LIMITED · Promoter Group5.00 cr · ₹40.1 cr11 Mar 26
Bulk / block deals
SoldUMASHIV GARMENTS PRIVATE LIMITED · NSE1.00 cr @ ₹14.9627 Jun 24
BoughtAPEX FINGROW PRIVATE LIMITED · NSE81.00 L @ ₹14.9927 Jun 24
SoldUMASHIV GARMENTS PRIVATE LIMITED · NSE1.00 cr @ ₹14.9926 Jun 24
Stake changes
BoughtVistra ITCL ( India) ltd→ 26.42% · 1.13 cr27 Feb 26
BoughtCatalyst Trusteeship Limited→ 9.62% · 12.00 cr26 Feb 26
SoldCatalyst Trusteeship Limited→ 0.00% · 18.62 cr24 Feb 26
Promoter pledges
PledgedAgarwal Coal Corporation Private Limited5.00 cr · 15.50% held11 Mar 26
ReleasedVISTRA ITCL (INDIA) LIMITED (Debenture Trustee)1.33 cr · 1.06% held26 Feb 26
ReleasedCatalyst Trusteeship Limited (Debenture Trustee) on behalf of NEO SPECIAL CREDIT OPPORTUNITIES FUND II (NSCOF II), NEO CREDIT OPPORTUNITIES FUND I (NCOF I) and NEO PRIME FUND(NPF)17.16 cr · 19.63% held24 Feb 26
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 22 Aug 2026
See the official result
1
Adoption of Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
88.32 L votes for, 19,644 against · 0% of mutual funds and other big investors said no
2
To re-appoint Mr. Mohit Sai Kumar Bandi (DIN: 07410118), who retires by rotation as Director and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
88.11 L votes for, 40,902 against · 0% of mutual funds and other big investors said no
3
Ratification of remuneration of the Cost Auditors for the Financial Year ending 31st March, 2027
Backed by 100% of shareholders other than promotersneeded 50%
88.12 L votes for, 39,860 against · 0% of mutual funds and other big investors said no
4
Regularization of Mr. Anirudh Misra (DIN: 03101359) as Non-Executive Non-Independent Director
Backed by 100% of shareholders other than promotersneeded 50%
88.09 L votes for, 43,139 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 23 named members
owning 49.7% between them · as of 2026-06-30
UMASHIV GARMENTS PRIVATE LTD19.30%
VIZAG PROFILES PRIVATE LIMITED19.20%
SURESH KUMAR BANDI3.23%
BAVINENI SURESH1.90%
BANDI RAMESH KUMAR1.26%
BANDI JAYA PADMAVATHI1.04%
BAVINENI JYOTHI KIRAN0.88%
RAJESH BAVINENI0.61%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹342 cr raised in Apr 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 41% of what it set aside, leaving ₹201 cr still to be spent. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

Working Capital Requirements
37%
₹54 cr of ₹146 cr
Repayment/ Servicing of financial facilities availed by the Company
67%
₹75 cr of ₹112 cr
General Corporate Purposes
14%
₹12 cr of ₹83 cr
₹40 cr raised in Apr 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside.

The proceeds of the Preferential Issue shall be utilized for Capex and working capital requirement and other general corporate purposes of the Company.
100%
₹40 cr of ₹40 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.