Steel Exchange India Ltd

₹ 11.5 4.55%

12 Jun - close price

About

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

Key Points

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

Website BSE NSE

Market Cap ₹ 1,466 Cr.
Current Price ₹ 11.5
High / Low ₹ 13.4 / 6.97
Stock P/E 54.3
Book Value ₹ 6.16
Dividend Yield 0.00 %
ROCE 9.76 %
ROE 3.66 %
Face Value ₹ 1.00

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Pros

Cons

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 3.35% over past five years.
Company has a low return on equity of 2.71% over last 3 years.
Promoters have pledged 100.0% of their holding.

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	398	251	269	256	312	264	261	328	291	300	232	240	287
	363	231	250	233	279	239	234	288	259	269	204	218	238
Operating Profit	35	20	19	23	34	25	27	39	33	31	27	22	50
OPM %	9%	8%	7%	9%	11%	10%	10%	12%	11%	10%	12%	9%	17%
	1	1	1	1	1	2	0	0	17	5	1	1	0
Interest	42	21	18	19	19	19	18	18	19	19	19	14	18
Depreciation	6	6	5	5	5	6	6	6	6	7	7	7	7
Profit before tax	-12	-5	-4	0	10	3	3	16	24	10	2	2	26
Tax %	253%	0%	0%	0%	-95%	0%	0%	0%	80%	0%	0%	0%	52%
	-43	-5	-4	0	20	3	3	16	5	10	2	2	12
EPS in Rs	-0.41	-0.05	-0.03	0.00	0.16	0.02	0.02	0.13	0.04	0.09	0.02	0.02	0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,562	1,658	1,271	922	1,024	781	898	1,099	1,375	1,088	1,140	1,059
	1,387	1,506	1,197	933	1,000	710	764	993	1,279	989	1,016	928
Operating Profit	175	152	74	-11	24	71	134	106	97	98	124	131
OPM %	11%	9%	6%	-1%	2%	9%	15%	10%	7%	9%	11%	12%
	12	11	-46	-39	-1	-1	77	20	5	2	19	7
Interest	128	123	157	136	10	3	26	88	106	78	75	69
Depreciation	25	27	30	29	30	27	43	24	24	21	24	28
Profit before tax	35	14	-159	-215	-17	39	143	14	-28	1	46	40
Tax %	18%	46%	-1%	-21%	114%	-64%	2%	-704%	108%	-757%	43%	33%
	28	7	-157	-170	-37	64	140	116	-59	11	26	27
EPS in Rs	0.55	0.14	-2.07	-2.24	-0.48	0.85	1.74	1.32	-0.57	0.09	0.22	0.22
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-4%
5 Years:	3%
3 Years:	-8%
TTM:	-7%

Compounded Profit Growth
10 Years:	14%
5 Years:	-18%
3 Years:	35%
TTM:	62%

Stock Price CAGR
10 Years:	14%
5 Years:	14%
3 Years:	-9%
1 Year:	38%

Return on Equity
10 Years:	0%
5 Years:	3%
3 Years:	3%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	52	76	76	76	76	76	80	88	104	120	120	125
Reserves	323	288	222	52	15	80	222	403	413	542	586	643
	713	692	982	1,069	1,021	1,014	438	458	359	382	358	418
	774	811	436	337	315	217	249	168	256	224	220	190
Total Liabilities	1,863	1,868	1,716	1,533	1,428	1,387	989	1,117	1,132	1,268	1,284	1,375
	614	591	695	717	691	666	612	596	579	570	613	590
CWIP	46	53	54	5	4	4	6	7	13	30	3	6
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	1,202	1,223	966	811	732	717	371	514	540	668	668	779
Total Assets	1,863	1,868	1,716	1,533	1,428	1,387	989	1,117	1,132	1,268	1,284	1,375

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	91	166	-149	50	60	37	79	5	138	-48	97	-38
	-34	-9	-6	-2	-3	-2	13	9	-14	-49	-15	8
	-49	-163	151	-49	-58	-10	-116	-1	-120	98	-81	25
Net Cash Flow	8	-5	-4	-0	-1	25	-23	13	4	1	1	-5
Free Cash Flow	56	158	-155	49	57	34	92	15	124	-97	82	-30
CFO/OP	52%	105%	-200%	-460%	252%	52%	59%	5%	142%	-49%	78%	-25%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	72	59	62	39	14	18	22	31	30	59	62	76
Inventory Days	195	190	215	268	257	344	100	98	88	123	126	183
Days Payable	169	153	36	45	59	65	49	33	45	52	58	49
Cash Conversion Cycle	99	96	241	262	212	297	74	95	73	129	129	210
Working Capital Days	15	-4	-56	-172	-159	-191	40	35	15	103	82	132
ROCE %	18%	13%	4%	-3%	-0%	5%	11%	10%	8%	8%	10%	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

xx	xx	xx	xx		xx	xx	xx	xx	xx	xx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx		xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx		xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx		xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
		xx	xx	xx	xx	xx		xx	xx
										xxx,xxx

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Installed Capacity - SMS Billets
TPA

Installed Capacity - Sponge Iron
TPA

Installed Capacity - TMT Bars (Rolling Mill)
TPA

Power Plant Load Factor (PLF)
%

Total Manufacturing Production
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Apr 2026
	55.92%	55.92%	55.41%	49.57%	52.91%	52.91%	52.91%	52.91%	50.80%	50.80%	50.80%	49.67%
	4.01%	3.87%	1.47%	0.69%	0.69%	0.69%	0.72%	0.42%	0.29%	0.30%	0.30%	0.29%
	0.66%	0.66%	1.26%	1.26%	1.26%	1.26%	1.26%	1.58%	2.58%	2.58%	2.58%	2.52%
	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.25%	0.25%	0.25%	0.24%
	39.13%	39.29%	41.61%	48.23%	44.88%	44.88%	44.86%	44.83%	46.07%	46.06%	46.07%	47.27%
No. of Shareholders	98,470	1,40,783	2,70,147	2,87,055	3,00,122	3,08,537	3,15,124	3,11,058	3,11,914	3,04,644	2,98,388	2,98,389

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Apr 2026
	48.32%	47.58%	47.58%	47.58%	44.98%	49.78%	50.94%	55.41%	52.91%	50.80%	49.67%
	0.00%	0.00%	0.00%	0.00%	4.47%	6.65%	4.52%	1.47%	0.72%	0.30%	0.29%
	5.14%	5.12%	4.01%	4.04%	5.03%	4.51%	0.75%	1.26%	1.26%	2.58%	2.52%
	0.41%	0.41%	0.41%	0.41%	0.38%	0.35%	0.30%	0.26%	0.26%	0.25%	0.24%
	46.14%	46.89%	47.99%	47.97%	45.14%	38.71%	43.48%	41.61%	44.86%	46.07%	47.27%
No. of Shareholders	1,70,741	59,496	56,540	55,044	48,404	47,136	73,148	2,70,147	3,15,124	2,98,388	2,98,389

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Steel Exchange India Ltd

Steel Exchange India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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