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RATHI BARS LTD.

Capital Goods › Industrial Products
₹15.30
at close · 28 Oct 2026
▼ 0.20 (-1.29%)

Latest filings

  1. Rathi Bars submits overdue related-party dealings disclosure · Compliance
  2. Compliance certificate under SEBI DP Regulations for Jul-Sep 2026 quarter · Compliance
  3. Audit and other board committees reconstituted at Rathi Bars · Management 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

It manufactures iron and steel products at a factory in Bhiwadi, Rajasthan, and sells them through trade credit arrangements. In FY26 the business generated ₹368.60 crore of revenue, down 26% from ₹496.29 crore the prior year. Materials are the largest cost input at 37.7% of revenue, followed by other operating expenses at 6.9%, depreciation at 1.4%, and employee costs at 1.1%. Manufacturing has been suspended since April 2026, with the company citing income tax search proceedings in December 2025, pollution restrictions, and a 25% power tariff hike. Trade receivables at year-end stood at ₹94.56 crore, of which roughly ₹23-30 crore is in dispute. The company is pursuing revival through a Rajasthan High Court writ petition and debt restructuring with lenders including Axis Bank, Yes Bank, and HDFC Bank.

Operating scale
Manufacturing location
Bhiwadi, RajasthanFY26
Registered office
New DelhiFY26
FY26 revenue
₹368.60 croreFY26
Trade receivables at year-end
₹94.56 croreFY26
Disputed receivables
₹23-30 croreFY26
Manufacturing status
Suspended since April 2026FY26
Who pays it
Steel product buyers; specific end-markets not specified in the filings
Biggest cost
Materials at 37.7% of revenue
Kind of business
Small BSE-listed steel products manufacturer, operations currently suspended
Where it sits
BSE-listed Iron & Steel Products company (scrip code 532918)
Market Cap
₹25 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
2.6%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
7.8%·
ROCE (5y median)
ROE 2.9% (5y median) · margin -0.3%
Leverage
1.01·
Debt / Equity · moderate
Net debt ₹86 Cr
Revenue FY21→FY26
1.1×▲
Margin −3.8 pts
₹324 Cr → ₹369 Cr
Cash conversion
91.42×▲
Operating cash ÷ profit · 5 yrs
₹4 Cr on ₹0 Cr
Moves on a normal day
1.39%·
Median daily move
Last 267 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/B#4/101
ROCE#109/115
ROE#99/103
Debt / Equity#94/101
Revenue growth#94/97
Profit growth#105/105

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 ₹0.05 Cr of profit and ₹4.46 Cr of operating cash — 91.42×
Profit is converting into cash
Concerns
Slow revenue growth — 3% a year over 5 years
Erratic profits — up in only 2 of the last 5 years
Returns on capital 7.8% (5-year median)
#109 of 115 in Iron & Steel Products on the latest reported figures · down from 6.5% in FY21
Carries more debt than its peers — 1.01× equity
higher than 93% of its 101 Iron & Steel Products peers
Customers are taking longer to pay — 66 → 86 days of receivables
FY21 → FY26

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 RATHI BARS LTD.'s filed financials and exchange disclosures

What does RATHI BARS LTD. do?

RATHI BARS LTD. is a Industrial Products company listed on BSE.

Is RATHI BARS LTD. profitable?

No. Over the trailing twelve months RATHI BARS LTD. reported a net loss of ₹29 Cr on revenue of ₹236 Cr.

Does RATHI BARS LTD. pay a dividend?

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

Is RATHI BARS LTD. debt-free?

No. It reported borrowings of ₹86 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹86 Cr after cash. Debt stands at 1.01× equity. That is higher than 93% of its 101 Iron & Steel Products peers.

How much does the RATHI BARS LTD. share price move in a day?

On a typical session RATHI BARS LTD. moves 1.39% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RATHI BARS LTD.'s announcements?

Every NSE and BSE filing by RATHI BARS 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.