Steel Exchange India Ltd
Incorporated in 1999, Steel Exchange India Ltd manufactures steel products, trading of related products and generation and sale of power[1]
- Market Cap ₹ 1,371 Cr.
- Current Price ₹ 10.7
- High / Low ₹ 11.6 / 6.97
- Stock P/E 70.8
- Book Value ₹ 6.02
- Dividend Yield 0.00 %
- ROCE 9.84 %
- ROE 2.43 %
- Face Value ₹ 1.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- 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
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,252 | 1,562 | 1,658 | 1,271 | 922 | 1,024 | 781 | 898 | 1,099 | 1,375 | 1,088 | 1,140 | 1,064 | |
| 1,124 | 1,387 | 1,506 | 1,197 | 933 | 1,000 | 710 | 764 | 993 | 1,279 | 989 | 1,016 | 949 | |
| Operating Profit | 127 | 175 | 152 | 74 | -11 | 24 | 71 | 134 | 106 | 97 | 98 | 124 | 114 |
| OPM % | 10% | 11% | 9% | 6% | -1% | 2% | 9% | 15% | 10% | 7% | 9% | 11% | 11% |
| 7 | 12 | 11 | -46 | -39 | -1 | -1 | 77 | 20 | 5 | 2 | 19 | 23 | |
| Interest | 80 | 128 | 123 | 157 | 136 | 10 | 3 | 26 | 88 | 106 | 78 | 75 | 71 |
| Depreciation | 15 | 25 | 27 | 30 | 29 | 30 | 27 | 43 | 24 | 24 | 21 | 24 | 27 |
| Profit before tax | 39 | 35 | 14 | -159 | -215 | -17 | 39 | 143 | 14 | -28 | 1 | 46 | 39 |
| Tax % | 8% | 18% | 46% | -1% | -21% | 114% | -64% | 2% | -704% | 108% | -757% | 43% | |
| 36 | 28 | 7 | -157 | -170 | -37 | 64 | 140 | 116 | -59 | 11 | 26 | 19 | |
| EPS in Rs | 0.69 | 0.55 | 0.14 | -2.07 | -2.24 | -0.48 | 0.85 | 1.74 | 1.32 | -0.57 | 0.09 | 0.22 | 0.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 8% |
| 3 Years: | 1% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -26% |
| 3 Years: | -45% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | -13% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 6% |
| 3 Years: | -2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 52 | 52 | 76 | 76 | 76 | 76 | 76 | 80 | 88 | 104 | 120 | 120 | 125 |
| Reserves | 266 | 323 | 288 | 222 | 52 | 15 | 80 | 222 | 403 | 413 | 542 | 586 | 626 |
| 399 | 713 | 692 | 982 | 1,069 | 1,021 | 1,014 | 438 | 458 | 359 | 382 | 358 | 358 | |
| 624 | 774 | 811 | 436 | 337 | 315 | 217 | 249 | 168 | 256 | 224 | 220 | 275 | |
| Total Liabilities | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,268 | 1,284 | 1,384 |
| 350 | 614 | 591 | 695 | 717 | 691 | 666 | 612 | 596 | 579 | 570 | 613 | 602 | |
| CWIP | 9 | 46 | 53 | 54 | 5 | 4 | 4 | 6 | 7 | 13 | 30 | 3 | 3 |
| Investments | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 948 | 1,202 | 1,223 | 966 | 811 | 732 | 717 | 371 | 514 | 540 | 668 | 668 | 778 | |
| Total Assets | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,268 | 1,284 | 1,384 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 147 | 91 | 166 | -149 | 50 | 60 | 37 | 79 | 5 | 138 | -48 | 97 | |
| -46 | -34 | -9 | -6 | -2 | -3 | -2 | 13 | 9 | -14 | -49 | -15 | |
| -102 | -49 | -163 | 151 | -49 | -58 | -10 | -116 | -1 | -120 | 98 | -81 | |
| Net Cash Flow | -1 | 8 | -5 | -4 | -0 | -1 | 25 | -23 | 13 | 4 | 1 | 1 |
| Free Cash Flow | 101 | 56 | 158 | -155 | 49 | 57 | 34 | 92 | 15 | 124 | -97 | 82 |
| CFO/OP | 116% | 52% | 105% | -200% | -460% | 252% | 52% | 59% | 5% | 142% | -49% | 78% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 72 | 59 | 62 | 39 | 14 | 18 | 22 | 31 | 30 | 59 | 62 |
| Inventory Days | 218 | 195 | 190 | 215 | 268 | 257 | 344 | 100 | 98 | 88 | 123 | 126 |
| Days Payable | 185 | 169 | 153 | 36 | 45 | 59 | 65 | 49 | 33 | 45 | 52 | 58 |
| Cash Conversion Cycle | 95 | 99 | 96 | 241 | 262 | 212 | 297 | 74 | 95 | 73 | 129 | 129 |
| Working Capital Days | 3 | 15 | -4 | -56 | -172 | -159 | -191 | 40 | 35 | 15 | 103 | 82 |
| ROCE % | 17% | 18% | 13% | 4% | -3% | -0% | 5% | 11% | 10% | 8% | 8% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Captive Thermal Power Plant Capacity MW |
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| Installed Capacity - SMS Billets TPA |
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| Installed Capacity - Sponge Iron TPA |
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| Installed Capacity - TMT Bars (Rolling Mill) TPA |
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| Power Plant Load Factor (PLF) % |
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| Total Manufacturing Production MT |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8h - Steel Exchange India secures 5-year MES approval renewal for TMT bar supply.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Renewal Of Approval From Military Engineer Services (MES), Ministry Of Defence, For TMT Bar Manufacturing And Supply
10h - MES renewed TMT bar approval for SIMHADRI TMT on May 5, 2026, valid for 5 years.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - SEIL announces ₹40.32 crore capital strengthening via fresh warrants and conversion of existing warrants.
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Announcement under Regulation 30 (LODR)-Allotment
30 Apr - Board allotted 4.4 crore convertible warrants at ₹9.45 each on 30 Apr 2026 after receiving ₹10.40 crore upfront.
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Announcement under Regulation 30 (LODR)-Allotment
30 Apr - Allotted 2,82,97,870 equity shares on April 30, 2026 after warrant conversion; paid-up capital rose to Rs.127.55 crore.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Aug 2025Transcript PPT REC
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May 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
Business Overview:[1]
SEIL is the flagship company of the Vizag Profiles group. It manufactures Thermo mechanically treated (TMT) Bars under the brand SIMHADRI TMT with products such as Simhadri TMT Fe500D, Fe550D and Fe500D CRS with sizes ranging from 8mm to 32mm, Bi. They manufacture TMT Bars, Billets and Sponge Iron at their Integrated Steel Plant