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Peers are the listed companies in the exchange's own industry group: Iron & Steel Products. Balance-sheet figures are from the latest filed balance sheet; trends show each financial year we hold.
Latest quarterIn the quarter to June 2026 (results filed 11 Aug 2026), sales rose 41.9% from a year earlier to Rs 1,053 cr and profit rose 122.6% to Rs 61.4 cr.
- Sales grew 3 years running (Rs 2,231 cr in FY23 to Rs 3,564 cr in FY26).
- Profit grew 3 years running (Rs 68.0 cr in FY23 to Rs 170 cr in FY26).
- Operating margin rose from 6.1% in FY23 to 12.3% in FY26.
- Return on equity stayed under 10% from FY24 to FY26 (highest 9.5%).
Each line is written by a fixed rule from the company's own filings and share price, and names the figures it uses. It describes what happened; it is not advice about the share.
Over the last 20 results, the share rose on 5 and fell on 15, and moved by 3% or more on 13.
Q1 FY27: results filed 11 Aug 2026. The share went from its close on 10 Aug 2026 to its close on 12 Aug 2026 +8.94%.
Of every Rs 100 of sales in FY26, Rs 88 went on running costs, Rs 2.2 on depreciation, Rs 4.2 on interest and Rs 1.9 on tax; Rs 4.8 was left as profit.
Thin bar: money in (sales plus other income). Thick bar: where it went. Each year is scaled to its own sales, so the bars compare shares, not size.
Per year, compounded, between financial years FY26 and the year named; only spans our filings cover. The faint bar is the latest quarter against the same quarter a year earlier. Earnings per share is not shown: filed figures are not adjusted for bonus issues and splits, so its growth would mislead.
| Measure | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Sales growthSales against the previous financial year. | - | 41.3% | 11.2% | 1.7% |
| Operating marginProfit from operations, before depreciation, interest and tax, per Rs 100 of sales. | 6.1% | 7.6% | 8.6% | 12.3% |
| Net marginProfit after everything, per Rs 100 of sales. | 3.0% | 3.3% | 4.4% | 4.8% |
| ROEProfit as a percentage of shareholders' money (from the March balance sheet). | 6.8% | 7.5% | 9.5% | 8.2% |
| ROCEOperating profit as a percentage of all long-term capital, owners' and lenders'. | 11.3% | 14.6% | 17.2% | 16.1% |
| Debt to equityBorrowings divided by shareholders' money. Lower is safer. | 0.29x | 0.22x | 0.28x | 0.24x |
| Interest coverHow many times operating profit covers the interest bill. Higher is safer. | 3.2x | 2.6x | 3.1x | 2.6x |
Each row is coloured against this company's own usual level, not against other companies: green is better than its middle year, red worse, plain is close to it. ROE, ROCE and debt rows start once the filings carry a full balance sheet (FY22 at the earliest).
At FY26 it owned Rs 5,021 Cr of assets. Its owners funded 42% of that and borrowings 10%.
From the March balance sheet in the company's annual filing (2026-03-31). Each bar is the full balance sheet; "everything else" is what the filed total leaves after the named lines.
In FY26 the business itself brought in Rs 472 Cr, spent Rs 340 Cr on plant and equipment, and cash rose by Rs 14 Cr over the year.
Rs 100 or more means every rupee of reported profit arrived as cash.
Full financial year to 2026-03-31, from the company's cash flow statement.
Median rather than average, so one loss-making or one very expensive peer cannot drag the reference. Valuation is shown without a colour verdict: a higher multiple can mean expensive, or faster growth expected, and only you can decide which.
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| WELCORP Welspun Corp Limited | 61,798 cr | 26.8x | 6.8x | 24.7% | 16.7% | 0.23 | 13.4% | +14.9% | 0.21% |
| APLAPOLLO APL Apollo Tubes Limited | 57,703 cr | 46.9x | 10.9x | 23.2% | 28.2% | 0.09 | 5.4% | +8.4% | 0.28% |
| SHYAMMETL Shyam Metalics and Energy Limited | 31,351 cr | 28.1x | 2.7x | 9.1% | 12.9% | 0.08 | 5.7% | +23.4% | 0.36% |
| RATNAMANI Ratnamani Metals & Tubes Limited | 16,345 cr | 37.8x | 4.0x | 12.2% | 16.3% | 0.07 | 11.9% | -15.6% | 0.60% |
| JINDALSAW Jindal Saw Limited | 14,824 cr | 27.0x | 1.2x | 4.0% | - | 0.34 | 2.7% | +5.6% | 0.86% |
| USHAMART Usha Martin Limited | 14,192 cr | 27.9x | 4.3x | 15.4% | 18.2% | 0.04 | 13.2% | +16.4% | 0.64% |
| GALLANTT Gallantt Ispat Limited | 12,989 cr | 37.4x | 3.7x | 11.7% | - | 0.17 | 8.9% | +13.2% | 0.07% |
| JAYNECOIND Jayaswal Neco Industries Limited | 8,607 cr | 15.3x | 3.0x | 19.9% | 24.2% | 0.74 | 7.4% | +27.7% | 0.00% |
| MAHSEAMLES Maharashtra Seamless Limited | 7,148 cr | 9.7x | 1.0x | 10.7% | 13.0% | 0.00 | 15.9% | -4.7% | 1.87% |
| SUNFLAG Sunflag Iron And Steel Company Limited | 6,986 cr | 33.9x | 0.8x | 2.3% | 3.7% | 0.05 | 5.2% | +6.5% | 0.19% |
| AEROFLEX Aeroflex Industries Limited | 5,899 cr | 86.4x | 13.2x | 15.0% | 16.5% | 0.00 | 13.3% | +72.4% | 0.07% |
| MANINDS Man Industries (India) Limited | 5,879 cr | 28.8x | 2.8x | 9.8% | 16.1% | 0.24 | 5.3% | +41.9% | 0.00% |
| TIIL Technocraft Industries (India) Limited | 5,756 cr | 17.0x | 2.9x | 16.9% | 19.3% | 0.40 | 11.9% | +27.2% | 0.79% |
| SBCL Shivalik Bimetal Controls Limited | 5,275 cr | 49.7x | 11.0x | 22.0% | 25.0% | 0.12 | 17.2% | - | 0.38% |
| SAMBHV Sambhv Steel Tubes Limited | 4,650 cr | 28.2x | 4.4x | 15.6% | 17.5% | 0.35 | 6.4% | +31.1% | 0.00% |
| SURYAROSNI Surya Roshni Limited | 4,346 cr | 13.9x | 1.6x | 11.8% | 15.0% | 0.02 | 3.9% | +27.5% | 2.75% |
| ELECTCAST Electrosteel Castings Limited | 4,075 cr | 33.6x | 0.7x | 2.0% | 5.1% | 0.26 | 2.1% | -8.5% | 2.12% |
| KSL Kalyani Steels Limited | 3,800 cr | 14.3x | 1.8x | 12.6% | 16.2% | 0.23 | 14.2% | +4.9% | 1.15% |
| VENUSPIPES Venus Pipes & Tubes Limited | 3,540 cr | 34.0x | 5.3x | 15.5% | 22.8% | 0.43 | 8.6% | +16.0% | 0.06% |
| VSSL Vardhman Special Steels Limited | 3,324 cr | 23.2x | 2.6x | 11.2% | 13.5% | 0.07 | 7.9% | +12.1% | 0.87% |
| KIRLOSIND Kirloskar Industries Limited | 3,232 cr | 14.9x | 0.5x | 4.1% | - | - | 4.8% | +4.3% | 1.93% |
| JTLIND JTL INDUSTRIES LIMITED | 2,803 cr | 23.1x | 1.9x | 8.0% | 9.1% | 0.16 | 5.3% | +32.7% | 0.09% |
| MAHASTEEL Mahamaya Steel Industries Limited | 2,452 cr | 245.0x | 15.4x | 6.3% | 9.9% | 0.37 | 1.1% | +29.3% | 0.00% |
| GPIL Godawari Power And Ispat limited | 2,338 cr | 15.0x | 0.4x | 13.8% | 17.9% | 0.07 | 13.9% | +32.3% | 2.72% |
| RATNAVEER Ratnaveer Precision Engineering Limited | 2,268 cr | 38.5x | 3.4x | 10.1% | 13.3% | 0.50 | 6.0% | +18.9% | 0.00% |
| MUKANDLTD Mukand Limited | 2,111 cr | 3.3x | 1.4x | 41.5% | 35.6% | 1.11 | 12.3% | +20.7% | 1.36% |
| GOODLUCK Goodluck India Limited | 1,761 cr | 8.5x | 1.2x | 13.7% | 19.4% | 0.73 | 4.8% | +30.9% | 1.28% |
| MSPL MSP Steel & Power Limited | 1,678 cr | 51.9x | 1.6x | 3.7% | 2.3% | 0.30 | 1.3% | +16.3% | 0.00% |
| RSL Rajputana Stainless Limited | 1,375 cr | - | 3.8x | - | 23.0% | 0.18 | - | - | 0.00% |
| AEROENTER Aeroflex Enterprises Limited | 1,335 cr | 8.9x | 1.6x | 18.1% | 11.7% | 0.04 | 23.1% | +40.5% | 0.47% |
| MANAKCOAT Manaksia Coated Metals & Industries Limited | 1,280 cr | 29.1x | 3.7x | 11.7% | 18.7% | 0.33 | 4.5% | +4.9% | 0.00% |
| HITECH Hi-Tech Pipes Limited | 1,278 cr | 13.6x | 1.0x | 5.7% | 10.2% | 0.20 | 1.6% | +78.5% | 0.04% |
| STEELXIND STEEL EXCHANGE INDIA LIMITED | 1,223 cr | 36.9x | 1.6x | 4.1% | 10.4% | 0.54 | 3.1% | -10.1% | 0.00% |
| RHETAN Rhetan TMT Limited | 1,130 cr | 54.5x | 10.4x | 11.7% | 10.7% | 0.38 | 54.1% | - | 0.00% |
| GANDHITUBE Gandhi Special Tubes Limited | 1,014 cr | 13.6x | 3.2x | 23.6% | 28.0% | 0.00 | 37.2% | +18.9% | 1.80% |
| BHARATWIRE Bharat Wire Ropes Limited | 980 cr | 15.9x | 1.2x | 8.5% | 11.7% | 0.09 | 11.9% | -8.0% | 0.00% |
| HARIOMPIPE Hariom Pipe Industries Limited | 955 cr | 13.9x | 1.5x | 10.6% | 18.8% | 0.62 | 4.2% | -6.9% | 0.20% |
| KAMDHENU Kamdhenu Limited | 927 cr | 11.0x | 2.3x | 21.6% | 25.6% | 0.00 | 11.0% | +9.0% | 0.76% |
| BANSALWIRE Bansal Wire Industries Limited | 906 cr | 6.4x | 0.6x | 9.9% | 16.2% | 0.39 | 3.2% | +24.4% | 0.00% |
| ELECTHERM Electrotherm (India) Limited | 793 cr | - | - | 23.7% | -0.8% | - | -1.0% | +9.5% | 0.00% |
Swipe the table sideways for more columns. Tap a heading to sort. A dash means the figure is not filed or cannot be worked out for that company. A bigger cohort is cut to its 40 largest companies.
Operating margin has gone from 6.1% to 12.3% over these years - the share of every rupee of sales kept after running costs, before interest and tax. Full financial years only, so a part-year is never shown as a whole one. Hover any year for its complete figures.
2023 paid Rs 2.00 per share, about Rs 255 on Rs 1 lakh at today's price. It skipped 1 of the last 8 years. Dividends are at the company's discretion and can be cut or skipped.
| Date | Party | Side | Qty | Price | Value |
|---|---|---|---|---|---|
| 2026-09-23 | HRTI PRIVATE LIMITED | BUY | 4,43,427 | 952.17 | Rs 42.22 Cr |
| 2026-09-23 | HRTI PRIVATE LIMITED | SELL | 4,27,070 | 953.53 | Rs 40.72 Cr |
| 2026-09-10 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 4,44,491 | 890.4 | Rs 39.58 Cr |
| 2026-09-10 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 4,44,443 | 890.46 | Rs 39.58 Cr |
The share of traded quantity that was actually delivered (not squared off intraday) - high delivery vs its 20-session average suggests real buying or holding, not just churn.
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Equity price, fundamentals and realized volatility are end-of-day / quarterly from real market data. The option chain (PCR, max pain, expected move, IV, OI) is live from the exchange during market hours; outside them it shows the last session's close. Shareholding, insider trades and announcements are the company's own exchange filings. Analysis only, not investment advice.