Steel Exchange India Limited

Steel Exchange India Limited (STEELXIND) is a micro-cap Capital Goods company valued at ₹1,306 crore operating in Iron & Steel Products on the NSE and BSE.

Recent price move

Steel Exchange India Limited last traded at ₹10.23, modestly down 0.10% on the day.

Recent developments

On 2026-09-09, the company's shares rose 4% following a strategic sourcing pact with NMDC. On 2026-09-03, it reported record August re-bar production of 24,823.509 MT on a new furnace. On 2026-07-20, it disclosed Q1 revenue of ₹270 crore, down year-on-year, but EBITDA increased to ₹34.2 crore.

Financial performance

The company's annual revenue fell 7.1% to ₹1,059 crore, while net profit rose 3.8% to ₹27 crore. The latest quarter saw revenue decline 10.1% year-on-year to ₹270 crore, but net profit surged 50.3% to ₹15 crore, driven by improved margins. The net profit margin expanded 0.3 percentage points to 2.5%, though return on equity remains low at 3.5%.

Valuation multiples

The stock trades at 46.5 times earnings, 3.31 times book value.

Things to watch

The company's revenue has declined 8.3% annually over the past three years and 28.1% in profit over five years. Promoter holding fell 1.13 percentage points to 49.67%, with 99.95% of promoter shares pledged. The stock is 19.6% below its 52-week high, and the company has not paid dividends despite reporting profits.

Where it stands

The company's latest quarter showed a sharp rise in net profit despite a revenue decline, but annual revenue has fallen and profit growth has slowed. The stock is trading 19.6% below its 52-week high, and promoter shares are heavily pledged. The most significant figure is the latest quarter net profit of ₹15 crore.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.