P S Raj Steels Ltd
Incorporated in November 2004, PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.[1]
- Market Cap ₹ 338 Cr.
- Current Price ₹ 89.6
- High / Low ₹ 108 / 46.4
- Stock P/E 39.5
- Book Value ₹ 19.5
- Dividend Yield 0.00 %
- ROCE 16.1 %
- ROE 12.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 180 | 224 | 298 | 263 | 266 | |
| Sales growth | +24% | +33% | -12% | +1% | |
| 173 | 217 | 287 | 251 | 253 | |
| Operating Profit | 7 | 7 | 11 | 12 | 13 |
| OPM % | 3.7% | 3.1% | 3.6% | 4.7% | 4.9% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 2 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 5 | 5 | 8 | 10 | 11 |
| Tax % | 25% | 25% | 25% | 26% | 24% |
| 4 | 4 | 6 | 7 | 9 | |
| EPS in Rs | 1.28 | 1.31 | 2.27 | 1.97 | 2.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 59% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 15% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.61 | 0.61 | 0.61 | 8 | 8 |
| Reserves | 20 | 24 | 30 | 57 | 66 |
| 17 | 18 | 18 | 5 | 1 | |
| 8 | 32 | 4 | 5 | 8 | |
| Total Liabilities | 46 | 74 | 52 | 74 | 83 |
| 4 | 4 | 4 | 4 | 9 | |
| CWIP | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 41 | 70 | 48 | 69 | 74 | |
| Total Assets | 46 | 74 | 52 | 74 | 83 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | 3 | 3 | -9 | 8 | |
| 1 | -1 | -1 | -3 | -4 | |
| -1 | -2 | -2 | 12 | -4 | |
| Net Cash Flow | 0 | -0 | 0 | 1 | -1 |
| Free Cash Flow | 1 | 2 | 2 | -12 | 3 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 25% | 55% | 37% | -56% | 78% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 29 | 23 | 18 | 27 | 31 |
| Inventory Days | 44 | 77 | 28 | 49 | 51 |
| Days Payable | 11 | 47 | 0 | 2 | 3 |
| Cash Conversion Cycle | 61 | 53 | 47 | 74 | 79 |
| Working Capital Days | 37 | 35 | 32 | 81 | 89 |
| ROCE % | 15% | 22% | 19% | 16% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Capacity Utilization % |
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| Installed Capacity MT |
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| Dealer Revenue Share % |
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| Manufactured Goods (SS Pipes & Tubes) Revenue Share % |
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| Number of Dealers count |
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| Sales Volume - Manufactured Stainless Steel Pipes & Tubes MT |
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| Top 10 Customer Concentration % |
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| Top 4 States Revenue Share (UP, Haryana, Delhi, MP) % |
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Extracted by Screener AI
Documents
Announcements
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Appointment
- P S Raj Steels appointed Sandeep Sharma as additional independent director effective 4 November 2026.
-
Outcome of Board Meeting
- Board appointed Sandeep Sharma as independent director from 4 November 2026 and reconstituted stakeholder committee.
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Appointment
- Board appointed Sandeep Sharma as Independent Director from 4 November 2026 and reconstituted the Stakeholders' Committee.
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Outcome of Board Meeting
- Board met on 30 Oct 2026; noted CS resignation, reconstituted NRC, and authorized CFO functions.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended 30 September 2026.
Concalls
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May 2025PPT
Busineess Profile[1]
P S Raj Steels Limited is a manufacturer of stainless steel pipes and tubes in India, offering over 250 standard product sizes along with customization options.