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Earnings Call

Steel Exchange India Earnings Call: Key Takeaways

Steel Exchange India reported Q4 FY26 total income of INR 287.70 Cr and EBITDA of INR 50.10 Cr. Strategy focuses on green steel, capacity doubling, and debt reduction.

Why this was an Alfa AlertFuture growth guidance >50%: Management explicitly guides that FY27 production volumes will be 'almost double' or 'mostly doubled' compared to FY26.
Highlights
Revenue growthQ4 revenue up 19.45% QoQ; FY26 total income INR 1,066.42 Cr.
MarginsQ4 EBITDA margin improved 788 bps QoQ to 17.41%.
Demand visibilityStrong; driven by infra projects, railways, defense, and Vizag AI hub.
Management confidenceHigh; citing strategic partners and capacity expansion for future growth.

Growth

Q4 revenue grew 19.45% QoQ. FY26 total income was INR 1,066.42 Cr with PAT of INR 26.99 Cr.

Outlook

Management guides for doubling production volumes in FY27. 1 million ton green steel plant planned; capex reflected from Q2 FY27.

Risks

Steel industry cyclicality and potential raw material price volatility were noted.

Source

Earnings Call filed with NSE, NSE: STEELXIND. Summary written with AI assistance from the document.

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Steel Exchange India Ltd: key numbers

Share price
₹11.29
Market cap
₹1,440 Cr
Revenue (annual)
₹1,059 Cr
Net profit (annual)
₹26.99 Cr
P/E (TTM)
45.3×Sector 19.0×
Promoter holding
49.67%-1.13% QoQ
FII holding
0.70%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Steel Exchange India Ltd

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10:51 IST BSE
Credit Rating

Steel Exchange India Credit Rating

Infomerics upgraded Steel Exchange India's credit ratings: NCDs and long-term bank facilities to IVR BBB+/Stable, short-term facilities to IVR A2. All three instruments received rating upgrades from prior levels.

17:58 IST NSE
Other Announcement

Steel Exchange India Other Announcement

Steel Exchange India Limited submitted its Monitoring Agency Report for the quarter ended June 30, 2026, confirming the utilization of its preferential issue proceeds.

09:33 IST BSE
Partnership

Steel Exchange India Partnership

Steel Exchange India signed a non-binding, four-year MoU with NMDC for potential iron ore fines supply from Visakhapatnam. The framework supports the company's integrated steel expansion plans.

Execution
4 years (primary term)
18:24 IST BSE
Debt & Borrowing

Steel Exchange India Debt & Borrowing: ₹1.54 Cr

Steel Exchange India Limited has made the payment of interest due on its Secured Non-Convertible Debentures on September 7, 2026.

Value
₹1.54 Cr
10:22 IST BSE
Production Started

Steel Exchange India Production Started

Steel Exchange India Limited achieved record monthly production of 24,823.509 MT of Re-Bars in August 2026. This follows the successful operationalisation of its new Reheating Furnace.

monthly production
24823.509 MT
11:31 IST NSE
Business Update

Steel Exchange India Business Update

Steel Exchange India Limited achieved record monthly production of 24,823.509 MT of Re-Bars in August 2026. This follows the successful commissioning of its new Reheating Furnace.

monthly production
24823.509 MT