Newmalayalam Steel Ltd
Incorporated in 2017, Newmalayalam Steel Ltd is engaged in manufacturing and selling galvanised steel pipes and sheets.[1]
- Market Cap ₹ 39.8 Cr.
- Current Price ₹ 23.0
- High / Low ₹ 39.2 / 17.4
- Stock P/E 5.63
- Book Value ₹ 49.4
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 8.65 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.47 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.32% over past five years.
- Company has a low return on equity of 8.77% over last 3 years.
* 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 | 297 | 308 | |
| Operating Profit | 9 | 7 | 7 | 8 | 7 | 12 |
| OPM % | 3% | 2% | 2% | 3% | 2% | 4% |
| 5 | 6 | 5 | 3 | 4 | 3 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 10 | 9 | 8 | 6 | 6 | 10 |
| Tax % | 20% | 26% | 25% | 25% | 27% | 27% |
| 8 | 7 | 6 | 4 | 4 | 7 | |
| EPS in Rs | 603.95 | 532.02 | 474.31 | 3.38 | 2.55 | 4.10 |
| 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: | -2% |
| 3 Years: | 6% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 9% |
| Last Year: | 9% |
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 | -8 | -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/OP | 149% | -19% | 459% | -266% | 389% | 46% |
Ratios
Standalone Figures in Rs. Crores / 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 | 33 | 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% | 10% | 12% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Nov 2025 | |
|---|---|---|---|---|---|---|
| Installed Manufacturing Capacity MTPA |
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| Sales Volume - GP Pipes MT |
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| Capacity Utilization % |
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| Sales Realization - GP Pipes Rs/Kg |
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| Electricity met via in-house solar % |
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| Headcount Number |
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| Market Share (GP Pipes & Tubes in Kerala) % |
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| Number of Dealers Number |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
5 June 2026 - Promoter and PAC filed FY2026 Regulation 31(4) disclosure; no share encumbrance reported.
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Disclosure under SEBI Takeover Regulations
5 June 2026 - Promoter filed annual SEBI 31(4) disclosure for FY2026, confirming no encumbrance on shares.
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Structural Digital Database
29 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no non-compliance reported.
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Outcome of Board Meeting
27 May 2026 - Board approved standalone and consolidated audited results for half-year and year ended 31 March 2026.
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Acquisition
13 April 2026 - Newmalayalam Steel invested Rs. 1.5 crore in Prime NMS Private Limited on 13 April 2026.
Annual reports
Concalls
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Nov 2025TranscriptAI SummaryPPT
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.