Operates primarily as a finance and investment company, with filings explicitly describing its business as such despite being classified under iron and steel products. The bulk of revenue comes from interest income on lending and investment activities, with operations run on a small scale. Borrowings fund the lending book and finance costs form the dominant expense line. Employee and other operating costs are minimal at roughly 1.2% and 1.4% of revenue respectively, with no materials, depreciation or capex recorded. The company also carries exposure to an associate, Sushree Trading, whose accumulated losses have been absorbed into retained earnings. It has no subsidiaries and is listed only on BSE. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Interest income, Other investment and operating income. Asset-light finance and investment company with no manufacturing or material costs
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 20 | 24 | 22 | 18 | 19 |
| EBITDA (ex other income) | 19 | 21 | 18 | 16 | 18 |
| margin % | 99.0 | 84.8 | 84.7 | 87.8 | 97.4 |
| Owners' profit | 4 | 0 | (38) | 1 | 1 |
| EPS, as reported (₹) | (36.07) | (8.63) | (194.82) | 5.21 | 7.17 |
| ROE % · ROCE % | 3.4 · — | (2.9) · — | (0.5) · — | 1.0 · — | 1.0 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (27) | (5) | (0) | 0 | 1 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 5 | 5 | 3 | 4 | 5 | 6 | 4 |
| Profit before tax | 1 | (1) | 1 | 1 | 1 | 1 | 1 | (1) |
| Net profit | 0 | (1) | 1 | 1 | 1 | 1 | 1 | (0) |
| EPS (₹) | 3.56 | (6.84) | 5.94 | 2.55 | 4.27 | (15.08) | 3.94 | (2.46) |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · 41st AGM on 28 Sept 2026: financial statements and director re-appointments | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Meenakshi Steel submits 41st Annual Report for FY26 | compliance | minimal | — | — |
| 2 Sept 2026 · Board approves Directors Report, 41st AGM set for Sep 28, 2026 | results | medium | — | — |
| 26 Aug 2026 · Board meeting on Sept 2, 2026 to approve annual results and 41st AGM notice | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 7 Aug 2026 · Q1 FY27 Results: Revenue up 19%, PAT falls 55% on higher finance costs | results | high | — | — |
| 7 Aug 2026 · Q1 FY27 Results: PAT falls 55% YoY despite revenue growth | results | high | — | — |
| 5 Aug 2026 · Newspaper notice published for Q1 FY26 board meeting on 7 August 2026 | compliance | minimal | — | — |
| 31 Jul 2026 · Board Meeting on Aug 7, 2026 to Approve Q1 FY27 Results | results | low | — | — |
| 16 Jul 2026 · Routine RTA confirmation certificate for quarter ended June 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 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 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROE | 1.0 | 8.6 | 97 of 114 | 15% |
| Debt / Equity | 0.0 | 0.1 | 11 of 114 | 79% |
| EBITDA margin | 102.6 | 11.0 | 4 of 100 | 97% |
| Revenue growth | 31.9 | 13.7 | 23 of 97 | 77% |
| Profit growth | (196.7) | 29.3 | 102 of 105 | 3% |
| 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.
