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NSE:PANCHMAHQ

PANCHMAHAL STEEL LTD.

Capital Goods › Industrial Products
₹292.95
at close · 28 Oct 2026
▲ 17.95 (+6.53%)

Latest filings

Next results: Sat, 31 Oct · Financial Results
  1. Board meeting on 31 Oct to consider Q2 FY27 results · Results
  2. Panchmahal Steel gets INR 25.25 cr order from BHEL Ranipet · Business Updates
  3. Panchmahal Steel shares now tradable on NSE in addition to BSE · Capital Market Events
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

Operates in the Iron & Steel Products industry, with a senior management structure that includes dedicated General Managers for a Steel Melting Shop (SMS) and Rolling Mill Division (RMD), indicating the business melts steel and rolls it into downstream products. Full-year FY26 revenue from operations stood at Rs 38,424.12 lakhs, marginally higher than Rs 38,310.11 lakhs in FY25; quarterly run-rate was Rs 9,810.57 lakhs in Q3 FY26 and Rs 10,596.30 lakhs in Q4 FY26. The business swung to a net loss of Rs 226.34 lakhs in FY26 against a net profit of Rs 332.53 lakhs in FY25, as elevated raw material costs compressed the EBITDA margin to roughly 3.68% from about 5.08%. Raw materials make up the bulk of the cost stack at 68.7% of revenue, followed by other operating expenses at 19.8% and employee costs at 6.3%. The company cut borrowings to Rs 3,522.27 lakhs from Rs 4,966.46 lakhs, and operating cash flow improved sharply to Rs 2,856.04 lakhs from negative Rs 504.86 lakhs on working-capital release.

Operating scale
Long-term credit rating
IND BBB-/Stable (India Ratings & Research)
Short-term credit rating
IND A3 (India Ratings & Research)
Senior management divisions
Dedicated General Managers for SMS, RMD, Electrical Maintenance, Sales and IT-Systems
Borrowings (FY26)
Rs 3,522.27 lakhs (down from Rs 4,966.46 lakhs in FY25)
Who pays it
Not specified in the available facts.
Biggest cost
Raw materials — Rs 263.96 cr in FY26, equal to 68.7% of revenue.
Kind of business
Small-cap, asset-heavy steel manufacturer; thin margins sensitive to raw-material prices.
Where it sits
BSE-listed entity in the Iron & Steel Products classification with an IND BBB-/Stable long-term rating from India Ratings & Research.
Market Cap
₹559 Cr
P / E (TTM)
284.4×
EV / EBITDA
42.0×
Div Yield
1.02%
Growth
2.5%▲
Revenue 5y CAGR
PAT — · EBITDA -12.4%
Quality
6.1%·
ROCE (5y median)
ROE 1.9% (5y median) · margin 3.7%
Leverage
0.23·
Debt / Equity · low
Net debt ₹35 Cr
Revenue FY21→FY26
1.1×▲
Margin −3.5 pts
₹339 Cr → ₹384 Cr
Cash conversion
1.11×▲
Operating cash ÷ profit · 5 yrs
₹71 Cr on ₹64 Cr
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#103/105
P/B#79/101
ROCE#98/115
ROE#95/103
Debt / Equity#55/101
EBITDA margin#81/100
Revenue growth#43/97
Profit growth#74/105

Scorecard

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

Strengths
Over 5 years it reported ₹64 Cr of profit and ₹71 Cr of operating cash — 1.11×
Profit is converting into cash
Concerns
Slow revenue growth — 3% a year over 5 years
Returns on capital 6.1% (5-year median)
#98 of 115 in Iron & Steel Products on the latest reported figures · down from 18.0% in FY21
Heavy working capital — 138 days of cash tied up

Charts

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

PANCHMAHQ · 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 PANCHMAHAL STEEL LTD.'s filed financials and exchange disclosures

What does PANCHMAHAL STEEL LTD. do?

PANCHMAHAL STEEL LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol PANCHMAHQ.

Is PANCHMAHAL STEEL LTD. profitable?

No. Over the trailing twelve months PANCHMAHAL STEEL LTD. reported a net loss of ₹2.26 Cr on revenue of ₹384 Cr.

Does PANCHMAHAL STEEL LTD. pay a dividend?

Yes. The dividend yield is 1.02% at the current price.

Is PANCHMAHAL STEEL LTD. debt-free?

No. It reported borrowings of ₹35 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹35 Cr after cash. Debt stands at 0.23× equity. That is higher than 54% of its 101 Iron & Steel Products peers.

Is PANCHMAHAL STEEL LTD. expensive compared with its peers?

On trailing P/E, PANCHMAHAL STEEL LTD. ranks 103 of 105 in Iron & Steel Products — cheaper than 2% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

When are PANCHMAHAL STEEL LTD.'s next results?

Financial Results on Sat, 31 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

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

Every NSE and BSE filing by PANCHMAHAL 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.