Steel Exchange India experienced a significant jump in Q4 FY26 net profit by 443% compared to the previous quarter, reaching ₹12 crore. The strong performance was supported by an EBITDA margin of 17.4%. Moreover, the company managed to reduce debt by ₹43.2 crore and received an ₹85 crore investment during this period.
STEEL EXCHANGE INDIA LIMITED
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Steel Exchange reported a significant increase in Q4 net profit, reaching ₹124 million compared to ₹48 million last year. However, quarterly revenue dipped slightly, coming in at ₹2.87 billion versus ₹2.9 billion in the same period last year.
Steel Exchange India has been granted a five-year Manufacturing Entities and Standards (MES) approval for TMT bar production, securing their contractual business operations for the next half decade.
Steel Exchange India has been granted renewed approval from MES, enabling them to continue providing TMT bars, ensuring a steady supply in the market.
Steel Exchange India Ltd has been granted approval by MES until May 2026 for their SIMHADRI TMT bars, specifically the Fe 500D and Fe 500D HSCRM grades. This move guarantees a steady five-year operation in the production of these products.
Steel Exchange witnessed a 0.3% growth on the National Stock Exchange (NSE) following a successful fundraise of approximately INR 40 crores through warrant allotment and conversion to equity shares. The stock's performance outshined the Nifty 50, reporting a strong 32.6% return over the past month.
Steel Exchange India has distributed 4.4 million convertible warrants priced at ₹9.45 apiece, raising a total subscription amount of ₹10.39 crore. These warrants can be converted into equity shares within an 18-month timeframe.
Steel Exchange India has repaid ₹41.66 crores worth of Non-Convertible Debentures (NCDs) ahead of schedule, demonstrating its financial strength and commitment to investors.
Steel Exchange India has significantly improved its financial health by paying off a substantial debt of approximately INR 71.2 crore, with a notable repayment of INR 43.2 crore already made. This significant reduction in debt is indicative of a stronger financial position for the company.
Steel Exchange India has secured INR 7.4 billion through the issuance of equity warrants at INR 9.45 each, with a potential for conversion into shares over the next 18 months. This move bolsters the company's financial resources.
Steel Exchange India has received a ₹75 crore investment from the IMR Group, with the funds earmarked for enhancing operations, reducing debt, and optimizing the supply chain. This injection of capital has led to a 33% increase in the company's stock price over the past month.
Steel Exchange India has successfully paid off a debt of INR 28 crore in just two quarters, significantly decreasing their term loans and NCDs. In the fiscal year 2025, they reported a revenue of INR 1163.4 crore and a net profit of INR 25.9 crore.
Steel Exchange India Ltd successfully redeemed a portion of their 3.55 crore Non-Convertible Debentures (NCDs) on April 7, 2026, as scheduled. Additionally, they paid an interest of 2.08 crores in compliance with regulations for the same month.