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INDUCTO STEEL LTD.

Capital Goods › Industrial Products
₹50.08
at close · 28 Oct 2026
▲ 0.08 (+0.16%)

Latest filings

  1. RTA files quarterly dematerialisation compliance certificate with BSE · Compliance
  2. Promoter Lalitadevi Reniwal to receive 3.82% shares as gift from son · Ownership Changes
  3. Inducto Steel promoter receives 3.82% shares via gift from immediate relative · Ownership Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Procures end-of-life vessels and converts them into steel and scrap products, with operating sites at Bhavnagar and Mumbai. Bhavnagar is the larger site at ₹62.56 crores of segment revenue in FY26, while Mumbai contributes ₹5.77 crores. The operating model is visible in filings: as of Q2 FY26, the company held uncut ships worth ₹8,635.91 lakhs in inventory, indicating vessel procurement as the entry point into the steel value chain. FY26 revenue from operations was ₹165.71 crores, generating an EBITDA margin of 2.10% and a small net profit of ₹0.54 crores after a ₹371.86 lakh loss in FY25. Materials, at 44.2% of revenue, are by far the largest cost line, in line with vessel procurement as the principal input. The company is listed only on BSE and recently appointed a new CFO (Mr. Umesh Govindbhai Rathod) on January 15, 2026, following the resignation of the prior CFO in December 2025.

Operating scale
Bhavnagar segment revenue
₹62.56 croresFY26
Mumbai segment revenue
₹5.77 croresFY26
Uncut ships in inventory
₹8,635.91 lakhsQ2 FY26
Total FY26 revenue
₹165.71 croresFY26
Operating locations
Bhavnagar and Mumbai
EBITDA margin
2.10%FY26
Who pays it
Industrial buyers of processed steel and ferrous scrap along the steel value chain (not specified by name in the facts).
Biggest cost
Materials at 44.2% of revenue, principally the cost of procuring end-of-life vessels ('uncut ships').
Kind of business
Cyclical, asset-heavy iron & steel / vessel-dismantling business with very thin margins.
Where it sits
Small-scale, BSE-only listed company in the Iron & Steel Products basic industry with a two-site footprint at Bhavnagar and Mumbai.
Market Cap
₹20 Cr
P / E (TTM)
9.7×
EV / EBITDA
0.9×
Div Yield
—
Growth
124.1%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
6.7%·
ROCE (5y median)
ROE 1.3% (5y median) · margin 2.1%
Leverage
0.23·
Debt / Equity · low
Net cash ₹12 Cr
Revenue FY21→FY26
56.5×▲
Margin +47.7 pts
₹3 Cr → ₹166 Cr
Moves on a normal day
1.98%·
Median daily move
Last 249 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#30/105
P/B#14/101
ROCE#93/115
ROE#87/103
Debt / Equity#56/101
EBITDA margin#62/100
Revenue growth#13/97
Profit growth#6/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 124% a year over 5 years
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 6.7% (5-year median)
#93 of 115 in Iron & Steel Products on the latest reported figures · up from −2.9% in FY21

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDUCTO STEEL LTD.'s filed financials and exchange disclosures

What does INDUCTO STEEL LTD. do?

INDUCTO STEEL LTD. is a Industrial Products company listed on BSE.

Is INDUCTO STEEL LTD. profitable?

Yes. Over the trailing twelve months INDUCTO STEEL LTD. reported a net profit of ₹2.07 Cr on revenue of ₹199 Cr.

Does INDUCTO STEEL LTD. pay a dividend?

Not in the latest reported year — INDUCTO STEEL LTD.'s dividend payout for FY26 was nil.

Is INDUCTO STEEL LTD. debt-free?

On a net basis, yes. It reported borrowings of ₹9.38 Cr on its 31 Mar 2026 balance sheet, but holds ₹12 Cr more cash than debt.

Is INDUCTO STEEL LTD. expensive compared with its peers?

On trailing P/E, INDUCTO STEEL LTD. ranks 30 of 105 in Iron & Steel Products — cheaper than 72% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the INDUCTO STEEL LTD. share price move in a day?

On a typical session INDUCTO STEEL LTD. moves 1.98% — that is the median absolute close-to-close move across its last 249 trading days. MarketPing measures each filing's price reaction against it.

Where can I track INDUCTO STEEL LTD.'s announcements?

Every NSE and BSE filing by INDUCTO STEEL LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.