Steel Exchange India

Quick check

The five things to look at first. Open one for more.

• DebtModerate safety, with cautionRated BBB+ by Infomerics.
• ResultsMixedIn the Jun 2026 quarter, sales fell 10% and profit rose 50% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 50%, down from 53% in Jun 2025.

Steel Exchange India 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)45.2 against a typical 18.6: pricier than most peers (1st = cheapest).118th of 146
• Sales growth−10% against a typical +13.1% from a year earlier.94th of 117
• Profit growth+50% against a typical +26.2% from a year earlier.37th of 105
• Share price, 3 months−12.7% against a typical −3.1%.95th of 135
• Size₹ 1,223.2 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).30th of 135

Exchange filings and their impact on the company.

• 13 Oct 2026Press ReleaseHigh impactVery positivePrice +0.3% that day
  Record output, 45% revenue jump, two-notch upgrade and Rs 102 cr debt cut put Steel Exchange on a faster growth and deleveraging path.

  Steel Exchange India reported its highest-ever Re-Bar production of 69,617 MT in Q2 FY27, with September at a record 25,095 MT after the new Reheating Furnace lifted monthly capability by 27%. Q2 consolidated revenue grew about 45% YoY and 25% QoQ. Infomerics upgraded its long-term rating two notches to BBB+/Stable and short-term to A2, while the company repaid Rs 102 crore debt including Rs 43.19 crore NCDs, and signed a 4-year iron ore fines MoU with NMDC plus approvals for Amaravati capital projects and defence use.

  Full analysisFiling
• 8 Oct 2026Press ReleaseHigh impactVery positivePrice −5.3% that day
  Record Q2 revenue of ~Rs 340cr (+45% YoY) signals a strong turnaround with sharply higher volumes and profits.

  Steel Exchange India reported provisional Q2 FY27 consolidated revenue of about Rs 340 crore, up ~45% year-on-year and ~25% quarter-on-quarter. The growth was driven by record quarterly re-bar production of 69,465 MT, including a best-ever month of 25,095 MT in September 2026, helped by the new reheating furnace improving yields. The company said this marks further progress in its turnaround and it is also expanding into higher-margin specialty steels under the PLI scheme.

  Full analysisFiling
• 7 Oct 2026UpdatesLow impactNeutralPrice −5.3% on 8 Oct
  Paid Rs 2.8 cr scheduled NCD principal plus Rs 1.49 cr interest on time.

  Steel Exchange India paid its scheduled October debt servicing on 7 October 2026. It repaid Rs 2.8 crore of secured NCD principal, cutting face value per bond from Rs 387,345 to Rs 380,037, leaving Rs 145.48 crore outstanding, and paid Rs 1.49 crore monthly interest on time. The on-time payment avoids any default but the amount is too small to materially change debt or earnings.

  Full analysisFiling
• 6 Oct 2026Press ReleaseMedium impactPositivePrice +3.1% that day
  Record quarterly re-bar output after RHF commissioning points to sustainably higher volumes.

  Steel Exchange India reported its highest-ever re-bar production of 25,095 tonnes in September 2026 and 69,617 tonnes for the July-September 2026 quarter. The record was driven by the newly commissioned Reheating Furnace, which contributed 7,417 tonnes in September and 14,883 tonnes over August-September alongside 17,678 tonnes from the existing continuous casting route. The company says the enhanced capability will be sustained, supporting higher utilisation of its SIMHADRI TMT rolling mill going forward.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Satish Kumar Bandi

Chairman of the Board, Managing Director

Raveendra Babu Mannem

Compliance Officer, Company Secretary

Suresh Kumar Bandi

Joint Managing Director, Whole Time Director

Mohit Sai Kumar Bandi

Whole Time Director