Skip to main content
Swing Capital

Steel Exchange India Ltd

NSE: STEELXIND BSE: 534748Metal

Incorporated in 1999, Steel Exchange India Ltd manufactures steel products, trading of related products and generation and sale of power[1]

₹10
52W: ₹6.97 — ₹11.6
PE 65.8 · Book ₹6.02 · +66% vs book
Market Cap₹1,275 Cr
Stock P/E65.8Price to Earnings
ROCE9.84%Return on Capital
ROE2.43%Return on Equity
Div. Yield0%Face Value ₹1

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −Promoter holding has decreased over last quarter: -1.12%
  • −The company has delivered a poor sales growth of 7.86% over past five years.
  • −Company has a low return on equity of -1.77% over last 3 years.
  • −Promoters have pledged 100.0% of their holding.
  • −Debtor days have increased from 50.0 to 61.6 days.
  • −Company's cost of borrowing seems high

Shareholding Pattern

Promoters49.67%
FIIs0.29%
DIIs2.52%
Public47.27%
CategorySep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026
Promoters52.91%52.91%52.91%52.91%50.8%▼2.150.8%50.8%49.67%▼1.1
FIIs0.69%0.69%0.72%▲0.00.42%▼0.30.29%▼0.10.3%▲0.00.3%0.29%▼0.0
DIIs1.26%1.26%1.26%1.58%▲0.32.58%▲1.02.58%2.58%2.52%▼0.1
Public44.88%44.88%44.86%▼0.044.83%▼0.046.07%▲1.246.06%▼0.046.07%▲0.047.27%▲1.2

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales269.45256.32312.15264.04261.06327.51291.42300231.76240.35
Expenses250.41232.95278.53238.86234.22288.06258.63268.6204.29217.89
Operating Profit19.0423.3733.6225.1826.8439.4532.7931.427.4722.46
OPM %7.07%9.12%10.77%9.54%10.28%12.05%11.25%10.47%11.85%9.34%
Net Profit-3.650.2119.752.582.7215.864.7610.232.112.28
EPS ₹-0.0300.160.020.020.130.040.090.020.02

AI Insights

Revenue Trend

TTM revenue at ₹1,064Cr, down 6.7% YoY. OPM at 11%.

Debt Position

Borrowings at ₹358Cr. Debt-to-equity ratio: 0.57x. Moderate leverage.

Capex Cycle

CWIP at ₹3Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.52% (+1.86pp change). FIIs: 0.29% (-3.72pp change). Promoters hold 49.67%.

Margin & Efficiency

ROCE declining from 17% (Mar 2014) to 10% (Mar 2025). Working capital days: 82.

Valuation

PE 65.8x with 9.84% ROCE. Price is 66% above book value of ₹6.02. Dividend yield: 0%.

Recent Announcements