Newmalayalam Steel Ltd
Incorporated in 2017, Newmalayalam Steel Ltd is engaged in manufacturing and selling galvanised steel pipes and sheets.[1]
- Market Cap ₹ 38.6 Cr.
- Current Price ₹ 22.3
- High / Low ₹ 37.0 / 17.4
- Stock P/E 7.00
- Book Value ₹ 49.4
- Dividend Yield 0.00 %
- ROCE 8.35 %
- ROE 6.73 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.47 times its book value
Cons
- The company has delivered a poor sales growth of 1.32% over past five years.
- Company has a low return on equity of 4.93% over last 3 years.
- Earnings include an other income of Rs.2.63 Cr.
* 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 Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 300 | 318 | 354 | 300 | 304 | 320 | |
| 290 | 310 | 347 | 292 | 302 | 312 | |
| Operating Profit | 9 | 7 | 7 | 8 | 2 | 8 |
| OPM % | 3.1% | 2.3% | 2.0% | 2.5% | 0.8% | 2.4% |
| 5 | 6 | 5 | 3 | 2 | 3 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 10 | 9 | 8 | 6 | -1 | 6 |
| Tax % | 20% | 26% | 25% | 25% | 0% | 0% |
| 8 | 7 | 6 | 4 | -1 | 6 | |
| EPS in Rs | 6.02 | 5.30 | 4.72 | 3.38 | -0.54 | 3.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -3% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -3% |
| TTM: | 692% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 5% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 17 | 17 |
| Reserves | 11 | 18 | 24 | 28 | 61 | 68 |
| 36 | 49 | 28 | 59 | 18 | 16 | |
| 5 | 11 | 23 | 17 | 12 | 18 | |
| Total Liabilities | 64 | 90 | 87 | 116 | 109 | 120 |
| 20 | 21 | 22 | 20 | 20 | 26 | |
| CWIP | 1 | 2 | 0 | 1 | 8 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 44 | 67 | 66 | 95 | 81 | 92 | |
| Total Assets | 64 | 90 | 87 | 116 | 109 | 120 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 12 | -4 | 31 | -22 | 26 | 4 | |
| -1 | -6 | -1 | -0 | -7 | -3 | |
| -11 | 10 | -24 | 28 | -11 | -5 | |
| Net Cash Flow | 0 | 0 | 7 | 6 | 7 | -4 |
| Free Cash Flow | 11 | -8 | 31 | -23 | 17 | 1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 149% | -19% | 459% | -266% | 1,075% | 71% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 16 | 21 | 11 | 26 | 31 | 23 |
| Inventory Days | 17 | 40 | 40 | 62 | 32 | 40 |
| Days Payable | 0 | 8 | 19 | 11 | 9 | 14 |
| Cash Conversion Cycle | 33 | 53 | 31 | 77 | 55 | 49 |
| Working Capital Days | 26 | 29 | 21 | 19 | 41 | 46 |
| ROCE % | 17% | 15% | 11% | 3% | 8% |
Insights
In beta| Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Capacity Utilization % |
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| Installed Capacity MTPA |
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| Number of Dealers count |
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| GP Pipes Realization INR per kg |
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| GP Pipes Sales Volume MT |
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| Top 10 Customer Concentration % of TOI |
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| Market Share of GP Pipes & Tubes in Kerala % |
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| Number of Permanent Employees count |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended 30 September 2026.
-
Agreements
- Newmalayalam Steel approved ₹25 crore inter-corporate working capital loan to subsidiary Prime NMS on 14 Oct 2026.
-
Shareholders meeting
- 9th AGM voting results filed; 7 resolutions passed, including audited accounts and related-party approvals.
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Shareholders meeting
- Scrutinizer report for 09th AGM on 30 Sep 2026; all seven resolutions passed.
-
Shareholders meeting
- Newmalayalam Steel held 9th AGM on Sept. 30, 2026; shareholders approved financials, RPTs, and subsidiary support.
Concalls
-
Nov 2025PPT
Business Overview:[1][2]
NMSL is a manufacturer of ISI marked Galvanised
pipes, tubes, and sheets, catering to Kerala’s construction
and roofing sectors. The company is held by Jai Hind group promoters, who hold 36.51% of the share capital.