Steel Exchange India Ltd.

•

seil.co.inBSE: 534748NSE: STEELXIND

Market Cap₹ 1,534 Cr.

Current Price

High / Low₹ 14 / 7

Stock P/E48.3

Book Value₹ 5

Price to Book1.63

Dividend Yield0.00 %

ROCE12.0 %

ROE5.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Iron and Steel: 98.4% • Power: 1.5% • Logistics: 0.1%

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%

View full sector analysis →

PROS

Latest quarter profit grew 46.9% YoY, showing strong momentum
Operating margins have improved to 12.4% from 7.3%

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 22.6% versus prior year
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 4.8% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.17x)
Interest coverage is weak at 1.6x - earnings barely cover interest

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

Peer comparison

Metals & MiningIron & SteelSteel/Sponge Iron/Pig Iron

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

S.No.	Name
1.	JINDALSTEL	1147.50	43.06	117055.11	0.17	843.80	-43.60	15482.13	25.93	8.92	17.18
2.	LLOYDSME	1807.60	21.35	101751.06	0.06	1733.89	170.25	7354.40	209.39	27.59	38.26
3.	JAIBALAJI	68.67	21.39	6264.43	0.00	26.48	-82.71	1353.35	-13.06	9.63	5.31
4.	RSL	189.50	31.79	1583.61	0.26	20.20	144.24	306.54	23.65	31.72	9.37
5.	STEELXIND	12.03	395.28	1534.45	0.00	150.26	—	2697.14	—	11.97	12.70
6.	SALSTEEL	80.19	93.39	1160.88	0.00	30.90	419.21	873.70	584.99	4.89	15.51
7.	VRAJ	124.80	11.46	411.62	0.00	11.51	51.65	193.83	40.14	10.52	11.17
8.	VASWANI	45.16	0.00	148.78	0.00	2.52	—	91.74	—	9.77	5.72

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	251	269	256	313	264	261	328	291	300	232	240	287	270
	231	250	233	279	239	234	288	259	269	204	218	238	256
Operating Profit	20	19	23	34	25	27	39	33	31	27	22	50	14
OPM %	8.09%	7.07%	9.12%	10.94%	9.54%	10.28%	12.05%	11.25%	10.47%	11.85%	9.34%	17.31%	5.20%
	1	1	1	0	2	0	0	17	5	1	1	0	1
Interest	21	18	19	19	19	18	18	19	19	19	14	18	14
Depreciation	6	5	5	5	6	6	6	6	7	7	7	7	6
Profit before Tax	-5	-4	0	10	3	3	16	24	10	2	2	26	15
Tax %	-0.00%	-0.00%	0.00%	-94.87%	0.00%	0.00%	0.00%	80.39%	0.00%	0.00%	0.00%	51.72%	0.00%
Net Profit	-5	-4	0	20	3	3	16	5	10	2	2	12	15
	-0.05	-0.03	0.00	0.17	0.02	0.02	0.13	0.04	0.09	0.02	0.02	0.10	0.12

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,271	922	1,024	781	898	1,099	1,375	1,091	1,144	1,059	1,029
	1,197	933	1,009	715	795	995	1,281	997	1,020	928	915
Operating Profit	74	-11	15	66	104	104	94	94	124	131	114
OPM %	5.83%	-1.19%	1.44%	8.48%	11.55%	9.47%	6.87%	8.62%	10.82%	12.37%	11.05%
	-46	-39	8	4	90	22	7	6	20	7	3
Interest	157	136	10	3	26	88	106	78	75	69	65
Depreciation	30	29	30	27	25	24	24	21	24	28	27
Profit before Tax	-159	-215	-17	39	143	14	-28	1	45	40	45
Tax %	1.06%	20.76%	-113.58%	-64.14%	1.87%	-704.23%	-107.78%	-756.21%	43.00%	32.93%	29.42%
Net Profit	-157	-170	-37	64	140	116	-59	11	26	27	32
EPS	0.00	0.00	0.00	0.00	17.41	13.22	-0.71	0.09	0.22	0.22	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -4%
5 Years:: 3%
3 Years:: -8%

COMPOUNDED PROFIT GROWTH

10 Years:: 14%
5 Years:: -28%
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 9%
3 Years:: 3%
1 Year:: 28%

RETURN ON EQUITY

10 Years:: -3%
5 Years:: 13%
3 Years:: 5%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	76	76	76	76	80	88	104	120	120	125
	222	52	15	80	222	392	403	519	545	631
	985	1,087	1,039	1,033	457	440	300	401	376	393
Trade Payables	108	97	136	109	95	81	143	126	141	107
	326	222	161	90	135	46	142	53	73	98
Total Liabilities	1,716	1,533	1,428	1,387	989	1,047	1,092	1,218	1,254	1,353
	695	717	691	666	612	596	579	570	613	590
Capital Work in Progress	54	5	5	4	6	7	13	30	3	6
	636	579	593	577	194	237	282	296	306	396
	0	0	0	0	55	92	0	175	192	221
Cash & Bank	16	8	4	26	5	15	19	20	21	16
	313	223	135	114	117	99	199	128	118	124
Total Assets	1,716	1,533	1,428	1,387	989	1,047	1,092	1,218	1,254	1,353

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-148	50	60	37	79	5	138	-48	97	-38
Cash from Investing	-6	-2	-3	-2	13	9	-14	-49	-15	8
Cash from Financing	151	-49	-58	-10	-116	-1	-120	98	-81	25
	-4	-0	-1	25	-23	13	4	1	1	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
49.56	52.90	52.90	52.90	52.90	50.80	50.80	50.80	49.67
0.69	0.69	0.69	0.73	0.42	0.29	0.30	0.30	0.70
1.26	1.26	1.26	1.26	1.58	2.58	2.58	2.58	1.95
0.26	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.24
48.22	44.88	44.88	44.85	44.83	46.08	46.06	46.07	47.44

Documents

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

2026-09-09

Press Release

2026-09-09 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding a press release dated September 09, 2026, titled "Steel Exchange India Ltd Signs Strategic MoU with NMDC Limited for Long-Term Iron Ore Procurement, Securing the Supply Chain".

2026-09-09

Updates

2026-09-09 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Execution of Memorandum of Understanding with NMDC Limited'.

2026-09-07

Updates

2026-09-07 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Payment of interest to holder of Secured Non-Convertible Debenture - Submission under Regulation 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

2026-09-04

Press Release

2026-09-04 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding a press release dated September 04, 2026, titled "Steel Exchange India Limited Sets New Production Record with Highest-Ever Re-Bar Output in August 2026".

2026-09-03

Updates

2026-09-03 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Operational Update-Highest Monthly Production of Re-Bars in the Rolling Mill of theCompany'.

2026-08-24

Shareholders meeting

2026-08-24 - STEEL EXCHANGE INDIA LIMITED has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 22, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-22

Shareholders meeting

2026-08-22 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 22, 2026

2026-08-07

Updates

2026-08-07 - STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Payment of interest to holder of Secured Non-Convertible Debenture - Submission under Regulation57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015'.

2026-08-05

Reply to Clarification- Financial results

2026-08-05 - The Exchange had sought clarification from STEEL EXCHANGE INDIA LIMITED for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

News

Recent coverage and analyst commentary for STEELXIND

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Steel Exchange India Ltd.

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Free 5nance Account

Name

JINDALSTEL

1147.50

43.06

117055.11

0.17

843.80

-43.60

15482.13

25.93

8.92

17.18

LLOYDSME

1807.60

21.35

101751.06

0.06

1733.89

170.25

7354.40

209.39

27.59

38.26

JAIBALAJI

68.67

21.39

6264.43

0.00

26.48

-82.71

1353.35

-13.06

9.63

5.31

RSL

189.50

31.79

1583.61

0.26

20.20

144.24

306.54

23.65

31.72

9.37

STEELXIND

12.03

395.28

1534.45

0.00

150.26

—

2697.14

—

11.97

12.70

SALSTEEL

80.19

93.39

1160.88

0.00

30.90

419.21

873.70

584.99

4.89

15.51

VRAJ

124.80

11.46

411.62

0.00

11.51

51.65

193.83

40.14

10.52

11.17

VASWANI

45.16

0.00

148.78

0.00

2.52

—

91.74

—

9.77

5.72

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

251

269

256

313

264

261

328

291

300

232

240

287

270

231

250

233

279

239

234

288

259

269

204

218

238

256

Operating Profit

OPM %

8.09%

7.07%

9.12%

10.94%

9.54%

10.28%

12.05%

11.25%

10.47%

11.85%

9.34%

17.31%

5.20%

Interest

Depreciation

Profit before Tax

-5

-4

Tax %

-0.00%

0.00%

-94.87%

0.00%

80.39%

0.00%

51.72%

0.00%

Net Profit

-5

-4

-0.05

-0.03

0.00

0.17

0.02

0.13

0.04

0.09

0.02

0.10

0.12

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,271

922

1,024

781

898

1,099

1,375

1,091

1,144

1,059

1,029

1,197

933

1,009

715

795

995

1,281

997

1,020

928

915

Operating Profit

-11

104

124

131

114

OPM %

5.83%

-1.19%

1.44%

8.48%

11.55%

9.47%

6.87%

8.62%

10.82%

12.37%

11.05%

-46

-39

Interest

157

136

106

Depreciation

Profit before Tax

-159

-215

-17

143

-28

Tax %

1.06%

20.76%

-113.58%

-64.14%

1.87%

-704.23%

-107.78%

-756.21%

43.00%

32.93%

29.42%

Net Profit

-157

-170

-37

140

116

-59

EPS

0.00

17.41

13.22

-0.71

0.09

0.22

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

104

120

125

222

392

403

519

545

631

985

1,087

1,039

1,033

457

440

300

401

376

393

Trade Payables

108

136

109

143

126

141

107

326

222

161

135

142

Total Liabilities

1,716

1,533

1,428

1,387

989

1,047

1,092

1,218

1,254

1,353

695

717

691

666

612

596

579

570

613

590

Capital Work in Progress

636

579

593

577

194

237

282

296

306

396

175

192

221

Cash & Bank

313

223

135

114

117

199

128

118

124

Total Assets

1,716

1,533

1,428

1,387

989

1,047

1,092

1,218

1,254

1,353

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-148

138

-48

-38

Cash from Investing

-6

-2

-3

-2

-14

-49

-15

Cash from Financing

151

-49

-58

-10

-116

-1

-120

-81

-4

-0

-1

-23

-5

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

49.56

52.90

50.80

49.67

0.69

0.73

0.42

0.29

0.30

0.70

1.26

1.58

2.58

1.95

0.26

0.25

0.24

48.22

44.88

44.85

44.83

46.08

46.06

46.07

47.44

Steel Exchange India 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

Steel Exchange India 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