BSE: 506042
PRABHU STEEL INDUSTRIES LTD.
Trades in iron and steel products as its sole revenue-generating activity, with FY26 revenue from operations of Rs 16.88 crore and an EBITDA margin of 5.28%. Q1 FY27 revenue from operations rose to Rs 499.11 lakh from Rs 480.61 lakh a year earlier, while PAT nearly doubled to Rs 16.35 lakh. The business is small-scale, with 7,17,000 outstanding shares and paid-up capital below Rs 10 crore, qualifying it for SEBI exemptions from Large Corporate and Annual Secretarial Compliance Report filings. FY26 saw a 34% year-on-year revenue increase and a turnaround from a Rs 55.75 lakh loss in FY25 to a Rs 51.59 lakh profit, with operating cash flow turning positive at Rs 259.01 lakh. Outside the steel trading core, the company has entered a 50:50 partnership with Swarneem Properties LLP for real estate development with a capital commitment of just Rs 25,000, and has invested Rs 158.64 lakh in partnership firm Silverstone Infravetures for layout development. The Board has approved an amendment to the Objects Clause of the Memorandum of Association to permit entry into mining and natural resources, including prospecting, extracting, processing, and trading minerals, ores, metals, coal, hydrocarbons and precious stones, subject to shareholder approval. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Iron and steel trading. Asset-light, single-segment iron and steel trading business with proposed diversification into mining, natural resources and real estate.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 16 | 17 | 15 | 13 | 17 |
| EBITDA (ex other income) | 1 | 0 | 2 | (0) | 0 |
| margin % | 4.2 | 1.4 | 13.2 | (1.6) | 1.2 |
| Owners' profit | 1 | 1 | 1 | (1) | 1 |
| EPS, as reported (₹) | 8.35 | 8.13 | 16.23 | 7.78 | 7.20 |
| ROE % · ROCE % | 6.4 · 11.7 | 5.8 · 5.2 | 10.4 · 18.9 | (5.3) · 3.5 | 4.6 · 6.2 |
| Debt / equity (x) | 0.33 | 0.40 | 0.29 | 0.15 | 0.33 |
| Cash from operations | (2) | 2 | (4) | (2) | 3 |
| Capex | (0) | 0 | 0 | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 4 | 3 | 3 | 5 | 3 | 3 | 6 |
| Profit before tax | (0) | 0 | (0) | 0 | 0 | 0 | 0 | 0 |
| Net profit | (0) | (1) | (0) | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | (3.60) | 8.35 | (0.04) | 2.42 | 1.23 | 1.86 | 14.20 | 3.15 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 67,533 | 29.2 | 7.18 | 28.8 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 60,250 | 49.0 | 11.38 | 31.4 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 31,861 | 28.4 | 2.58 | 12.9 | 8.6 | 11.4 | 24.1 | 14.9 |
| RATNAMANI MET & TUB LTD. | 16,161 | 37.3 | 3.84 | 18.9 | 12.7 | 15.6 | 14.4 | 18.5 |
| JINDAL SAW LIMITED | 15,396 | 23.5 | 1.25 | 8.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| USHA MARTIN LTD. | 14,152 | 27.9 | 4.29 | 18.6 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,005 | 29.9 | 3.92 | 17.3 | 14.6 | 16.8 | 34.4 | 17.8 |
| GODAWARI POW & ISP LTD | 12,751 | 14.9 | 2.18 | 9.7 | 13.7 | 17.0 | 5.7 | 21.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.8 | 15.4 | 25 of 105 | 77% |
| P/B | 1.2 | 1.5 | 40 of 101 | 61% |
| ROCE | 5.7 | 9.1 | 73 of 115 | 37% |
| ROE | 4.6 | 8.6 | 68 of 103 | 34% |
| Debt / Equity | 0.3 | 0.2 | 68 of 101 | 33% |
| EBITDA margin | 6.6 | 11.0 | 67 of 100 | 33% |
| Revenue growth | 135.9 | 13.7 | 6 of 97 | 95% |
| Profit growth | 30.0 | 29.3 | 52 of 105 | 51% |
| Market cap | 13 | 216 | 108 of 122 | 12% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Newspaper ad published for Q2 FY27 unaudited standalone results | compliance | minimal | — | — |
| 27 Oct 2026 · No deviation from planned use of IPO proceeds | compliance | minimal | — | — |
| 27 Oct 2026 · September 2026 results: sales fall, but half-year profit edges up | results | high | — | — |
| 27 Oct 2026 · September-quarter profit falls 44%, but half-year profit rises 7% | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Board meeting on Oct 27 to consider Q2 and H1 FY26 results | board shareholder meetings | low | — | — |
| 12 Oct 2026 · RTA confirms no physical share certificates received for demat in Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 FY26 Results | compliance | minimal | — | — |
| 26 Sept 2026 · 54th AGM: All 7 resolutions passed with 100% support | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 54th AGM held; 7 resolutions put to vote including remuneration and borrowing limit hikes | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper ad published for 54th AGM notice | compliance | minimal | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.