Steel City Securities Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Stock Broking & Dp Operations: 67.3% • E-Governance Operations: 32.7%
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Solid return on assets for a lender - ROA of 6.9%
- Promoters have been increasing their shareholding - up 4.0pp over 2 years
- Asset quality is healthy - gross NPA of just 0.0%
- Latest quarter profit grew 73.2% YoY, showing strong momentum
- Company has been maintaining a healthy dividend payout of 43.0%
CONS
- Capital adequacy is tight at 0.0% - limited headroom to grow
- Company has delivered a poor sales growth of 3.5% over past five years
- Thin net interest margin of 0.0%
- Company has delivered a poor profit growth of 8.6% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MCX | 3275.00 | 54.16 | 83509.83 | 0.24 | 413.44 | 103.47 | 702.00 | 88.10 | 48.10 | 70.40 |
| MOTILALOFS | 1035.00 | 31.48 | 62340.45 | 0.58 | 1273.71 | 9.53 | 3425.76 | 25.49 | 12.68 | 57.49 |
| 360ONE | 1137.00 | 36.72 | 46340.08 | 1.06 | 330.53 | 16.11 | 1226.09 | 26.85 | 12.28 | 63.01 |
| NUVAMA | 1815.65 | 30.89 | 33447.59 | 1.53 | 305.64 | 15.83 | 1376.22 | 22.59 | 17.52 | 52.80 |
| ANGELONE | 298.00 | 26.39 | 27238.29 | 1.36 | 2313.98 | 1921.51 | 14296.91 | 1153.53 | 14.87 | 33.92 |
| CHOICEIN | 760.75 | 71.30 | 16947.72 | 0.00 | 60.61 | 26.37 | 309.79 | 32.46 | 19.43 | 33.83 |
| IIFLCAPS | 340.50 | 18.82 | 10731.84 | 0.88 | 184.16 | 4.92 | 631.48 | 3.13 | 23.27 | 35.76 |
| SHAREINDIA | 170.60 | 10.27 | 3733.16 | 0.94 | 124.41 | 47.45 | 448.09 | 31.25 | 21.00 | 44.76 |
| ARSSBL | 514.10 | 24.98 | 3242.24 | 0.97 | 23.35 | 2.35 | 246.10 | 22.37 | 19.72 | 39.54 |
| MONARCH | 378.40 | 16.57 | 3001.03 | 0.26 | 45.18 | -0.15 | 90.89 | -7.25 | 33.26 | 66.00 |
| GEOJITFSL | 82.64 | 31.80 | 2306.67 | 1.82 | 19.83 | -30.83 | 160.40 | 7.46 | 9.35 | 20.55 |
| STEELCITY | 85.55 | 7.60 | 129.24 | 4.68 | 6.80 | 66.71 | 19.27 | — | 14.46 | 43.40 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 15 | 14 | 17 | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 17 | 19 | |
| 11 | 12 | 10 | 12 | 12 | 13 | 11 | 10 | 11 | 11 | 11 | 13 | 12 | |
| Operating Profit | 2 | 3 | 3 | 5 | 5 | 5 | 6 | 3 | 4 | 4 | 5 | 4 | 8 |
| OPM % | 18.49% | 20.59% | 24.02% | 28.37% | — | — | — | 25.36% | — | — | — | 21.83% | 42.03% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 3 | 4 | 6 | 5 | 6 | 6 | 4 | 5 | 5 | 5 | 4 | 9 | |
| Tax % | 25.26% | 29.07% | 28.30% | 23.76% | 27.51% | 21.99% | 27.81% | 27.75% | 25.15% | 25.59% | 25.97% | 26.08% | 25.79% |
| Net Profit | 2 | 2 | 3 | 4 | 4 | 5 | 4 | 3 | 4 | 3 | 4 | 3 | 6 |
| 1 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 0 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 62 | 59 | 47 | 52 | 64 | 55 | 59 | 65 | 62 | 36 | |
| 27 | 45 | 46 | 39 | 41 | 47 | 42 | 45 | 46 | 45 | 46 | |
| Operating Profit | 7 | 17 | 13 | 9 | 11 | 16 | 12 | 14 | 20 | 17 | -11 |
| OPM % | 20.91% | 27.13% | 21.39% | 18.59% | 21.89% | 25.76% | 22.09% | 23.30% | 30.04% | 27.07% | -29.49% |
| 1 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 7 | 16 | 13 | 10 | 13 | 18 | 14 | 16 | 22 | 19 | 23 |
| Tax % | 32.73% | 29.52% | 33.42% | 25.63% | 26.50% | 27.18% | 26.35% | 26.21% | 26.01% | 25.74% | 25.85% |
| Net Profit | 5 | 11 | 9 | 8 | 9 | 13 | 10 | 11 | 16 | 14 | 17 |
| EPS | 0.00 | 0.00 | 0.00 | 5.03 | 6.17 | 8.56 | 6.79 | 7.60 | 10.74 | 9.30 | — |
| Dividend Payout % | 64.93% | 34.09% | 42.27% | 29.85% | 48.63% | 35.06% | 44.37% | 39.46% | 37.25% | 43.02% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 3%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 9%
- 3 Years:
- 11%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 7%
- 3 Years:
- 10%
- 1 Year:
- -18%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 13%
- 3 Years:
- 13%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| 47 | 53 | 56 | 60 | 66 | 75 | 80 | 87 | 97 | 106 | |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 4 | 3 | 8 | |
| Trade Payables | 24 | 26 | 26 | 38 | 45 | 50 | 51 | 67 | 60 | 68 |
| 14 | 29 | 26 | 18 | 21 | 24 | 17 | 17 | 18 | 18 | |
| Total Liabilities | 100 | 124 | 123 | 131 | 148 | 164 | 164 | 190 | 194 | 215 |
| 4 | 4 | 4 | 5 | 4 | 4 | 13 | 12 | 11 | 11 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 2 | 3 | 0 | 0 | 0 | 0 |
| 5 | 5 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 10 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54 | 65 | 68 | |
| Cash & Bank | 27 | 42 | 50 | 54 | 54 | 72 | 82 | 60 | 61 | 62 |
| 64 | 73 | 62 | 66 | 81 | 77 | 63 | 55 | 48 | 65 | |
| Total Assets | 100 | 124 | 123 | 131 | 148 | 164 | 164 | 190 | 194 | 215 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 24 | 18 | 10 | 5 | 28 | 20 | -19 | 3 | 0 | |
| Cash from Investing | 10 | 1 | -1 | 1 | 1 | 1 | -3 | 1 | 3 | 3 |
| Cash from Financing | -9 | -5 | -5 | -4 | -3 | -6 | -5 | -1 | -8 | -2 |
| 10 | 16 | 8 | 4 | -0 | 18 | 8 | -18 | -2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 3.08 | 7.33 | 5.91 | 5.03 | 6.17 | 8.56 | 6.76 | 7.60 | 10.74 | 9.30 |
| Book Value (₹) | 40.96 | 45.30 | 47.04 | 49.63 | 53.80 | 59.36 | 63.15 | 67.70 | 74.41 | 79.85 |
| Dividend per Share (₹) | 2.00 | 2.50 | 2.50 | 1.50 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 |
| Cash EPS (₹) | 3.48 | 7.90 | 6.53 | 5.59 | 6.62 | 8.98 | 7.23 | 8.28 | 11.38 | 9.89 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 24.74% | 30.34% | 26.40% | 24.62% | 26.78% | 30.02% | 28.14% | 23.30% | 30.04% | 27.07% |
| Net Margin % | 13.63% | 17.97% | 15.20% | 16.00% | 17.80% | 20.34% | 18.74% | 19.45% | 24.90% | 22.61% |
| ROE % | 8.42% | 17.00% | 12.81% | 10.40% | 11.93% | 15.12% | 11.04% | 11.62% | 15.11% | 12.06% |
| ROCE % | 13.59% | 27.36% | 20.90% | 14.81% | 16.98% | 21.45% | 15.79% | 16.17% | 20.89% | 16.28% |
| 5.30% | 9.89% | 7.22% | 5.96% | 6.67% | 8.29% | 6.23% | 6.48% | 8.45% | 6.87% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 518 | 310 | 297 | 329 | 369 | 349 | 338 | 302 | 335 | 392 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 518 | 310 | 297 | 329 | 369 | 349 | 338 | 302 | 335 | 392 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x | 0.04x | 0.03x | 0.07x |
| Interest Coverage (x) | 8.49x | 8.41x | 12.42x | 17.43x | 20.14x | 27.13x | 19.37x | 21.21x | 17.91x | 20.45x |
| 2.12x | 1.74x | 1.94x | 1.77x | 1.85x | 1.82x | 1.87x | 1.82x | 2.02x | 1.98x | |
| GROWTH | ||||||||||
| Revenue Growth % | 37.04% | 80.58% | -4.65% | -19.28% | 10.33% | 21.38% | -14.21% | 8.34% | 10.29% | -4.62% |
| Operating Profit Growth % | 10.43% | 121.42% | -17.01% | -24.72% | 20.00% | 36.06% | -19.58% | 13.14% | 39.41% | -14.11% |
| Net Profit Growth % | 18.43% | 138.08% | -19.36% | -15.02% | 22.75% | 38.71% | -20.98% | 12.44% | 41.24% | -13.40% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12.44% | 41.24% | -13.40% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.77x | 9.55x | 7.74x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.10x | 1.38x | 0.90x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.04% | 3.90% | 5.56% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.25x | 4.03x | 2.64x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-29 - Steel City Securities Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Sep-2026.
2026-08-29 - Steel City Securities Limited has informed the Exchange that Board of Directors at its meeting held on August 29, 2026, declared Interim Dividend of Re. 1 per equity share.
2026-08-24 - Steel City Securities Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-08-05 - Steel City Securities Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-04 - Steel City Securities Limited has informed the Exchange about General Updates
2026-08-03 - Steel City Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30 - Steel City Securities Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-07-30 - Steel City Securities Limited has informed the Exchange regarding Outcome of Board Meeting held on July 30, 2026.
2026-07-29 - Steel City Securities Limited has informed the Exchange regarding Change in Director(s) of the company.
News
Recent coverage and analyst commentary for STEELCITY
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