NewMalayalam Steel Ltd.

•

demacsteel.comBSE: -NSE: NMSTEEL

Market Cap₹ 41 Cr.

Current Price

High / Low₹ 39 / 17

Stock P/E5.8

Book Value₹ 49

Price to Book0.52

Dividend Yield0.00 %

ROCE9.6 %

ROE7.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

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PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.37x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 2.7x

CONS

A large part of profit comes from other income (69.8% of PBT)
Receivables are growing faster than sales - a possible quality concern
Working capital days have increased from 34 to 65 days
Equity base is being diluted - shares outstanding up 36.7%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1308.00	12.91	319865.38	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	185.95	21.04	232129.86	2.15	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	184.00	17.79	76001.67	1.28	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2775.65	31.71	73219.05	0.18	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	762.35	19.35	62849.63	0.52	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2198.00	49.66	61029.32	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1086.30	27.00	30322.09	0.41	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	317.60	31.08	20310.78	0.63	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.00	45.47	19681.83	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	537.05	16.75	18924.64	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	252.40	21.07	16992.55	0.40	222.37	2.75	1750.47	32.29	20.20	19.36
12.	NMSTEEL	23.55	5.79	40.71	0.00	—	—	—	—	9.64	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	300	318	355	300	304
	291	311	347	293	297
Operating Profit	9	7	7	8	7
OPM %	3.11%	2.31%	2.09%	2.51%	2.27%
	5	6	5	3	4
Interest	3	3	3	3	3
Depreciation	1	1	1	2	2
Profit before Tax	10	9	8	6	6
Tax %	19.96%	25.59%	25.41%	24.72%	26.70%
Net Profit	8	7	6	4	4
EPS	603.81	532.17	474.78	3.38	2.55
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -13%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -28%

RETURN ON EQUITY

10 Years:: —
5 Years:: 19%
3 Years:: 12%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	17
	11	18	24	28	61
	32	44	23	54	15
Trade Payables	0	6	18	9	7
	9	9	11	13	8
Total Liabilities	64	90	87	116	109
	20	21	22	20	20
Capital Work in Progress	1	2	0	1	8
	13	33	37	48	26
	0	0	0	21	26
Cash & Bank	0	0	7	13	20
	31	34	22	14	9
Total Assets	64	90	87	116	109

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	14	-1	33	-22	26
Cash from Investing	-1	-4	-1	-0	-8
Cash from Financing	-11	8	-24	28	-11
	0	0	7	6	7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2025	Sep 2025	Mar 2026
	73.02	73.23	73.02
FIIs	0.00	0.00	0.00
	3.54	0.00	6.01
Government	0.00	0.00	0.00
Public	23.44	20.77	20.98

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for NMSTEEL

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NewMalayalam Steel Ltd.

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Name

JSWSTEEL

1308.00

12.91

319865.38

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

185.95

21.04

232129.86

2.15

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

184.00

17.79

76001.67

1.28

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2775.65

31.71

73219.05

0.18

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

762.35

19.35

62849.63

0.52

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2198.00

49.66

61029.32

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1086.30

27.00

30322.09

0.41

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

317.60

31.08

20310.78

0.63

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.00

45.47

19681.83

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

537.05

16.75

18924.64

0.37

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

252.40

21.07

16992.55

0.40

222.37

2.75

1750.47

32.29

20.20

19.36

NMSTEEL

23.55

5.79

40.71

0.00

—

9.64

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

300

318

355

300

304

291

311

347

293

297

Operating Profit

OPM %

3.11%

2.31%

2.09%

2.51%

2.27%

Interest

Depreciation

Profit before Tax

Tax %

19.96%

25.59%

25.41%

24.72%

26.70%

Net Profit

EPS

603.81

532.17

474.78

3.38

2.55

Dividend Payout %

0.00%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

116

109

Capital Work in Progress

Cash & Bank

Total Assets

116

109

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

-22

Cash from Investing

-1

-4

-1

-0

-8

Cash from Financing

-11

-24

-11

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2025

Mar 2026

73.02

73.23

73.02

FIIs

0.00

3.54

0.00

6.01

Government

0.00

Public

23.44

20.77

20.98

NewMalayalam Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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NewMalayalam Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI