STEEL EXCHANGE INDIA LTD

Makes and sells steel products, primarily TMT bars under the SIMHADRI TMT brand, through a Steel segment that contributed 91.3% of FY26 segment revenue at Rs 1,042.40 crore. A Power segment, which supplies captive electricity, generated 8.4% (Rs 96.23 crore) and a small Logistics segment added the remaining 0.3% (Rs 3.48 crore). Manufacturing scale includes a rebar mill with capacity of 3.57 lakh tons and a steel-making shop of 3.6 lakh tons, following recent step-ups. A Rs 210 crore conversion contract from RINL will add 1.2 lakh tons per year of TMT bar production and is expected to lift rebar mill utilisation from 43% to 85-90% by Q4 FY26. A new wholly-owned subsidiary, SEIL Infra Logistics, has been set up to monetise 200 acres of surplus land and target Rs 14-15 crore of annual net profit from Q4 FY26. Raw materials are the dominant input cost at 69.2% of revenue, with employees at 4.4% and other operating expenses at 8.6%.