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Steel Exchange India Ltd (STEELXIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534748 NSE: STEELXIND Steel/Sponge Iron/Pig Iron | Small Cap | Steel Exchange India Share Price

₹12.15 -0.16 (-1.30%)

As on 04-Jun'26 16:59

Steel Exchange India Ltd (STEELXIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534748 NSE: STEELXIND Steel/Sponge Iron/Pig Iron | Small Cap | Steel Exchange India Share Price

₹12.15 -0.16 (-1.30%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,550 Cr.
Current Price
₹12.2
52-Week Low / High
₹7 / 13
TTM EPS
₹0.2
TTM Sales
₹1,059 Cr.
Book Value per Share
₹4.5
P/E Ratio
57.42
Higher than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
2.69
Lower than its 5-year historical median
Price to Sales (P/S)
1.46
Higher than its 5-year historical median
EV/EBITDA
14.14
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.91%
Underperforms industry median
Return on Capital Employed (ROCE)
14.27%
Outperforms industry median
Return on Assets (ROA)
2.10%
Operating Profit Margin
10.8%
Net Profit Margin
2.27%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.83%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
31.6%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
138.11%
Asset Quality
Promoter Holding
50.80%
Pledged shares (%) of Promoter's holding (%)
99.95%
Reserves
₹448 Cr.
Equity
₹127.6 Cr.
Face Value
₹1
All Time Low / High
₹0.91 / 26.35

Steel Exchange India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
Q.1 Is Steel Exchange India Ltd a good quality company?
Steel Exchange India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Steel Exchange India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Steel Exchange India Ltd vs industry peers?
Steel Exchange India Ltd revenue CAGR is 7.94%, compared to the industry median CAGR of 7.65%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Steel Exchange India Ltd?
Promoters hold 50.80% of the Steel Exchange India Ltd, with 99.95% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Steel Exchange India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Steel Exchange India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.1%-0.1%-7.9%-0.8%4.7%23.5%17%11.5%10.8%14.3%-
Value Creation
Index
0-1.0NANA-0.70.70.2-0.2-0.20.0-

Growth Parameters

Sales 1,6711,2719221,0247818981,0991,3751,0911,1441,059
Sales YoY Gr.--24%-27.5%11.1%-23.7%15.1%22.4%25.1%-20.7%4.8%-
Adj EPS 0.1-1.6-2.2-0.40.811.2-0.60.10.10.2
YoY Gr.--1670%NANANA21.5%26%-147.1%NA33.3%-
BVPS (₹) 3.40.9-1.4-1.9-10.82.92.83.53.94.5
Adj Net
Profit
7.4-120-170-31.360.177107-58.910.914.527
Cash Flow from Ops. 166-14950.459.936.779.35.3138-4896.7-
Debt/CF from Ops. 4.1-6.621.217.127.75.583.72.5-83.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -4.1%7.9%1.3%4.8%
Adj EPS 2.1%-31.4%-53.7%33.3%
BVPS1.3%NA9.5%10.6%
Share Price 14.2% 16% -7.8% 47.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.9-35.1-79.9-28.548.733.626.9-11.71.92.15
Op. Profit
Mgn %
9.25.9-1.21.58.611.69.56.98.610.812.4
Net Profit
Mgn %
0.4-9.4-18.5-3.17.78.69.7-4.311.32.5
Debt to
Equity
2.414.7-10.4-7.2-13.36.91.71.20.90.80.3
Working Cap
Days
237286344272330210126116173185125
Cash Conv.
Cycle
6614625819022613064649610963

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,6711,2719221,0247818981,0991,3751,0911,144
Operating Expenses + 1,5191,1979331,0097157959951,2819971,020
Manufacturing Costs89796777544861626058
Material Costs1,3781,0797908416127058831,167879890
Employee Cost 22242426262630323539
Other Costs 30155166231621192332
Operating Profit 15274-1115661041049494124
Operating Profit Margin (%) 9.1%5.8%-1.2%1.4%8.5%11.5%9.5%6.9%8.6%10.8%
Other Income + 1188141536227620
Exceptional Items 0-53-48-7-11540000
Interest 12315713610326881067875
Depreciation 27302930272524242124
Profit Before Tax 14-159-215-173914314-28145
Tax 6-2-4520-253-10231-1020
Profit After Tax 7-157-170-3764140116-591126
PAT Margin (%) 0.4%-12.4%-18.5%-3.6%8.2%15.6%10.6%-4.3%1.0%2.3%
Adjusted EPS (₹)0.1-2.1-2.2-0.50.91.71.3-0.60.10.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Steel Exchange India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 38329812891156302481507639665
Share Capital 95767676768088104120120
Reserves 288222521580222392403519545
Debt +586874928868842413354239348257
Long Term Debt247183154123103413344229341240
Short Term Debt33969177474573901010817
Minority Interest0000000000
Trade Payables579108971361099581143126141
Others Liabilities 320436381333281179132203106192
Total Liabilities 1,8681,7161,5331,4281,3879891,0471,0921,2181,254

Fixed Assets

Net Fixed Assets +591695717691666612596579570613
Gross Block8921,0251,0761,0791,0811,0441,0501,0551,0621,104
Accumulated Depreciation301330359389415432454476492490
CWIP 53545546713303
Investments 0000000000
Inventories718636579593577194237282296306
Trade Receivables2672159839385592112175192
Cash Equivalents 89168426515192021
Others Assets 1499812596761179986128118
Total Assets 1,8681,7161,5331,4281,3879891,0471,0921,2181,254

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 166-149506037795138-4897
PBT 7-159-215-173914314-28145
Adjustment 1472412119649-15981289581
Changes in Working Capital 5-23054-19-52-48-10738-144-30
Tax Paid 6-0000-00000
Cash Flow From Investing Activity + -9-6-2-3-2139-14-49-15
Capex -2-5-51-3-21510-7-12-61
Net Investments -0000000000
Others -7-15000-2-0-6-3746
Cash Flow From Financing Activity + -163151-49-58-10-116-1-12098-81
Net Proceeds from Shares 0000017301151360
Net Proceeds from Borrowing 0000000000
Interest Paid -123-157-136-10-3-26-88-106-78-75
Dividend Paid 0000000000
Others -4030986-48-7-10757-12940-6
Net Cash Flow -5-4-0-125-2313411

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.01-95.7000072.61-21.623.095.91
ROCE (%)14.06-0.14-7.86-0.784.6923.4716.9711.4910.8414.27
Asset Turnover Ratio0.930.740.570.690.560.761.081.30.940.93
PAT to CFO Conversion(x)23.71N/AN/AN/A0.580.560.04N/A-4.363.73
Working Capital Days
Receivable Days60.4066.1061.4024.4017.9018.9024.4026.904858.50
Inventory Days146.80185.80238.30208.50272.30156.3071.5068.3096.6096
Payable Days154.50116.1047.2050.507352.8036.303555.9054.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *65.3762.3861.2586.0498.7699.9599.9599.9599.9599.95
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Steel Exchange India Ltd FAQs

The current trading price of Steel Exchange India on 04-Jun-2026 16:59 is ₹12.15.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Steel Exchange India stood at ₹1,549.8 Cr

The latest P/E ratio of Steel Exchange India as of 03-Jun-2026 is 57.42.

The latest P/B ratio of Steel Exchange India as of 03-Jun-2026 is 2.69.

The 52-week high of Steel Exchange India is ₹13.29 and the 52-week low is ₹6.97.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steel Exchange India is ₹1,059 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Steel Exchange India Ltd is a average quality company.

The key valuation ratios of Steel Exchange India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Steel Exchange India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Steel Exchange India Ltd

Steel Exchange India is India’s first online steel e-commerce portal established in 1999 and is dedicated to the Indian steel industry specifically and to steel as a whole. Steel Exchange India aims to be a global gateway to the Indian steel community and to steel. The company shall persevere to innovate through information technology to provide steel customers an efficient and transparent market place and to take the Indian steel industry to a new threshold of glory.

This platform is conceptualized and developed by Pyxis Technology Solutions and Vizag Profiles Group. It is associated to Visakhapatnam Steel Plant under a MOU for maintaining its site www.vizagsteel.com and the two sites are linked and exchange data. Steelexchangeindia has also signed an MOU with Steelnext, an associate company of Reliance Infocomm for furthering online steel trade in India.

Partners:

• Pyxis Technology Solutions
• Vizag Profiles
• Vizag Steel
• Institute for Steel Development & Growth

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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