Manufactures steel wool and steel fibers, and delivers concrete flooring services under the Durafloor brand. The Steel Wool and Steel Fiber segment generated Rs 3,188.26 lakh in revenue and the Concrete Flooring Services segment generated Rs 3,269.15 lakh, serving institutional and industrial customers across India and export markets. A new Delta Loop-End steel fiber has been developed with a patent under expedited examination, and 200 MT of it has been executed. Plant IV civil work is complete with seven machines installed, targeting commercial production in October 2026 to triple capacity to 800 MT per month, alongside a Plant 4 expansion adding 6,000 MT per year of capacity. The order book stands at Rs 51.37 Cr, supported by a Rs 17+ Cr Durafloor pipeline and Rs 8 Cr+ in firm orders. Exports surged 6x year-on-year to Rs 153.72 lakh in Q1 FY27, with three UAE projects completed and GCC orders secured. Materials account for 41.8% of revenue, the largest single cost line. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Steel Wool and Steel Fiber, Concrete Flooring Services. Small-cap industrial products maker in steel fibers and concrete flooring, recently IPO'd
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 64 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 4.84 |
| ROE % · ROCE % | — · 19.9 |
| Debt / equity (x) | — |
| Cash from operations | 4 |
| Capex | (14) |
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 32 |
| Profit before tax | 2 |
| Net profit | — |
| EPS (₹) | 1.73 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Notice of 21st AGM and Annual Report FY 2025-26 dispatch | compliance | minimal | — | — |
| 4 Sept 2026 · AGM Notice and Annual Report link sent to shareholders without registered email | compliance | minimal | — | — |
| 3 Sept 2026 · FY26 Annual Report: IPO listing, revenue up 13%, PAT jumps 139% YoY | investor communications | medium | — | — |
| 3 Sept 2026 · Kasturi Metal Composite 21st AGM notice for September 29, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Revised disclosure on appointment of new Company Secretary | management changes | low | — | — |
| 25 Aug 2026 · New Company Secretary and Compliance Officer appointed | management changes | medium | — | — |
| 25 Aug 2026 · Company Secretary and Compliance Officer Madhu Awasthi resigns effective Aug 31 2026 | management changes | medium | — | — |
| 23 Jul 2026 · Kasturi Metal Composite Q1 FY27: 20% revenue growth, 6x exports, Plant IV on track | business updates | medium | — | — |
| 14 Jul 2026 · SEBI Reg 74(5) compliance certificate filed; regulation not applicable | compliance | minimal | — | — |
| 20 Jun 2026 · FY26 Investor Presentation Highlights Growth and Expansion Plans | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.1 | 16.2 | 86 of 118 | 27% |
| ROCE | 16.0 | 8.7 | 23 of 120 | 82% |
| Market cap | 54 | 247 | 83 of 120 | 31% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
