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RATHI STEEL & POWER LTD.

Capital Goods › Industrial Products
₹18.95
at close · 28 Oct 2026
▲ 0.64 (+3.50%)

Latest filings

  1. RTA confirms Q2 dematerialisation compliance under SEBI Reg 74(5) · Compliance
  2. GST demand of about 59 lakh for January 2021 interest, company plans to contest · Regulatory & Legal
  3. Corrigendum to Q2 FY26-27 operational performance media release · Business Updates
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

Manufactures stainless steel long products and TMT rebars from an integrated 12.5-acre Ghaziabad plant with 85,000 TPA melting and 2,00,000 TPA rolling capacity. The portfolio spans stainless steel billets, stainless steel wire rods, bright bars, and Fe 550 / Fe 550D-grade TMT rebars; it claims to be India's first and only stainless steel wire rod maker using direct-charging technology, and has begun extending that technology to its TMT mill. The TMT bar mill restarted in April 2025, driving a 117% YoY jump in rolling-mill volumes, and Q1 FY27 TMT rebar volumes more than doubled to 18,677 MT against total Q1 FY27 sales of 28,372 MT. Distribution is concentrated in northern India, particularly NCR, serving retail TMT buyers, institutional builders, real estate developers and infrastructure companies. Materials are the dominant input cost at 81.6% of FY26 revenue. The company holds GreenPro certification for its 550-grade TMT rebars and sources over 25% of its power from renewables/open-access.

Operating scale
Steel melting capacity
85,000 TPAFY26
Rolling capacity
2,00,000 TPAFY26
Q1 FY27 sales volume
28,372 MTQ1 FY27
Q1 FY27 TMT rebar volume
18,677 MTQ1 FY27
Rolling mill utilisation
~51–52%Q4 FY26
Renewable / open-access power share
>25% of consumptionFY26
Who pays it
NCR-centric retail TMT buyers, institutional builders, real estate developers and infrastructure companies
Biggest cost
Raw materials (steel scrap, billets, metallics) at 81.6% of FY26 revenue
Kind of business
Cyclical, asset-heavy, single-location integrated long-steel and stainless-steel products maker
Where it sits
Operates a 12.5-acre Ghaziabad plant with 85,000 TPA melting / 2,00,000 TPA rolling; claims to be India's first and only stainless steel wire rod maker using direct-charging technology
Market Cap
₹164 Cr
P / E (TTM)
7.5×
EV / EBITDA
6.8×
Div Yield
—
Growth
13.0%▲
Revenue 5y CAGR
PAT — · EBITDA +4.3%
Quality
13.5%▲
ROCE (5y median)
ROE n/m · margin 4.0%
Leverage
0.30·
Debt / Equity · low
Net debt ₹43 Cr
Revenue FY21→FY26
1.8×▲
Margin +1.9 pts
₹389 Cr → ₹716 Cr
Cash conversion
4.07×▲
Operating cash ÷ profit · 5 yrs
₹105 Cr on ₹26 Cr
Moves on a normal day
1.23%·
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/E (TTM)#22/105
P/B#38/101
ROCE#69/115
ROE#52/103
Debt / Equity#64/101
EBITDA margin#82/100
Revenue growth#32/97
Profit growth#33/105

Scorecard

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

Strengths
Revenue compounding 13% a year over 5 years
Over 5 years it reported ₹26 Cr of profit and ₹105 Cr of operating cash — 4.07×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years

Charts

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Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

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Ownership

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Common questions

Answered from RATHI STEEL & POWER LTD.'s filed financials and exchange disclosures

What does RATHI STEEL & POWER LTD. do?

RATHI STEEL & POWER LTD. is a Industrial Products company listed on BSE.

Is RATHI STEEL & POWER LTD. profitable?

Yes. Over the trailing twelve months RATHI STEEL & POWER LTD. reported a net profit of ₹14 Cr on revenue of ₹754 Cr.

Does RATHI STEEL & POWER LTD. pay a dividend?

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

Is RATHI STEEL & POWER LTD. debt-free?

No. It reported borrowings of ₹45 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹43 Cr after cash. Debt stands at 0.30× equity. That is higher than 63% of its 101 Iron & Steel Products peers.

Is RATHI STEEL & POWER LTD. expensive compared with its peers?

On trailing P/E, RATHI STEEL & POWER LTD. ranks 22 of 105 in Iron & Steel Products — cheaper than 80% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the RATHI STEEL & POWER LTD. share price move in a day?

On a typical session RATHI STEEL & POWER LTD. moves 1.23% — 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 STEEL & POWER LTD.'s announcements?

Every NSE and BSE filing by RATHI STEEL & POWER 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.