Panchmahal Steel
- Market cap
- ₹ 549 Cr.
- P/E
- 136.9x
- P/B
- 3.24x
- 52-week range
- 251.25 – 339
- ROE
- −1%
- ROCE
- 3%
- Dividend yield
- 0%
- Debt / equity
- 0.23
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Panchmahal Steel Limited is an India-based company, which is engaged in manufacturing of stainless-steel long products, such as bars, rods, and wires. The Company’s products are used in engineering, construction, and infrastructure, automotive and railways, consumer durables, food processing and dairy industry, housing, and pharmaceuticals. Its products include Wire Rod and Bars, Wires, Welding Wires, and Fine Wires. The Company offers a comprehensive range of stainless-steel grades, including hot rolled wire rods and bars and cold finished bars and wires. The Company’s steel melting facility includes an approximately 50 metric ton electric arcs melting furnace, argon oxygen decarburization (AOD) converter, ladle furnace for superior steel refining and continuous casting. It offers stainless steel in austenitic, martensitic, ferritic, duplex, and low nickel-high manganese (200 series) grades.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Panchmahal Steel against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)136.9 against a typical 18.9: pricier than most peers (1st = cheapest).135th of 146
- Sales growth+7.3% against a typical +13.1% from a year earlier.70th of 117
- Size₹ 549.4 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).47th of 135
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB-; IND A3 | Stable | 3 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Aug 2026 | Reaffirmed | IND BBB- | — | India Ratings | ₹ 97 Cr. |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 103 | 99 | 98 | 99 | 95 | 91 | 88 | 93 | 98 | 106 | 94 |
| Expenses | 115 | 101 | 93 | 93 | 94 | 89 | 91 | 88 | 89 | 94 | 102 | 86 |
| Operating Profit | 4 | 2 | 6 | 5 | 5 | 5 | 0 | −0 | 3 | 4 | 4 | 8 |
| OPM % | 3.3% | 1.8% | 5.7% | 5.4% | 5% | 5.5% | 0.1% | −0.2% | 3.4% | 4.5% | 3.6% | 8.7% |
| Other Income | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 1 | −0 | 3 | 3 | 2 | 2 | −3 | −3 | 1 | 2 | 1 | 6 |
| Tax % | 25.3% | −27.3% | 25% | 25.3% | 27.6% | 25.9% | −24.7% | −26.7% | 30.4% | 25.6% | 331.5% | 25.2% |
| Net Profit | 1 | −0 | 2 | 2 | 2 | 2 | −2 | −2 | 1 | 1 | −2 | 4 |
| EPS in Rs | 0.37 | −0.17 | 1.28 | 1 | 0.93 | 0.87 | −1.06 | −1.01 | 0.29 | 0.64 | −1.11 | 2.27 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 3%
- 5 Years
- 3%
- 3 Years
- −8%
- TTM
- 5%
- 10 Years
- 6%
- 5 Years
- —
- 3 Years
- —
- TTM
- 884%
- 10 Years
- 31%
- 5 Years
- 26%
- 3 Years
- 35%
- TTM
- —
- 10 Years
- 3%
- 5 Years
- 8%
- 3 Years
- 1%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Panchmahal Steel | ₹ 292.00 | ₹ 549 Cr. | 136.9x | 3.2x | −1% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Ashok Malhotra
- Non-Independent Executive Chairman of the Board, Managing Director
- Hanish Ashok Malhotra
- Chief Operating Officer
- Deepak Ramakant Nagar
- Chief Compliance Officer, Company Secretary
- Pradeep Sharma
- Director - Operations, Non-Independent Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.