ALFA Finder| Revenue growth | FY26 +41.7% YoY to ₹716cr. |
|---|---|
| Margins | EBITDA margins expected to improve with higher capacity utilization. |
| Demand visibility | Healthy infra, railways, and urban development spending in India. |
| Management confidence | Strong due to rejuvenated dealer network and brand equity. |
Growth
Q4 revenue rose 63.3% YoY to ₹244.57cr; FY26 EBITDA grew 18.8% to ₹28.9cr; PAT margin improved to 3%.
Outlook
Guidance of 20-25% average CAGR from FY25 base; focusing on 70-80% capacity utilization and direct charging technology.
Risks
Global steel volatility, elevated fuel costs due to Iran situation, and competitive pressure from cheap imports.
Last quarter's promises, checked
Delivered
- Guided 20% CAGR growth → delivered 41.7% FY26 revenue growth (= BEAT)
- Guided 75-80% capacity utilization → delivered 117% volume growth to 1,02,000 tons (= BEAT)
- Guided TMT mill restart (April 2025) → delivered full operational status in FY26 (= BEAT)
Partly delivered
- Guided EBITDA margin expansion with utilization → delivered 18.8% EBITDA growth but margin remains tight (= PARTIAL)
Earnings Call filed with BSE, NSE: RATHIST. Summary written with AI assistance from the document.
Rathi Steel & Power Ltd: key numbers
- Share price
- ₹17.79
- Market cap
- ₹153.6 Cr
- Revenue (annual)
- ₹716.0 Cr
- Net profit (annual)
- ₹12.86 Cr
- P/E (TTM)
- 10.6×Sector 17.1×
- Promoter holding
- 41.30%+0.00% QoQ
- FII holding
- 2.76%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Rathi Steel & Power Ltd
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