Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY24
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4.1 | 10.3 | 6.7 | 5.2 | 5.5 | 6.5 | 6.9 | 14.3 | 11.3 | 39.4 | 6.7 | 5.9 | 14.2 |
| Other income | 4.6 | 2.8 | 3.2 | 2.5 | 1.1 | 3.7 | 0.5 | 0.9 | 1.3 | 1.4 | 0.2 | 0.1 | 0 |
| Total expenses | 5.3 | 8.7 | 4.7 | 4.6 | 5.5 | 9.9 | 5.4 | 11.4 | 10.7 | 35.7 | 6.6 | 5.7 | 13.5 |
| EBITDA | −0.7 | 2.4 | 2.4 | 1.1 | 0.5 | −3.2 | 2.2 | 3.9 | 0.9 | 5.1 | 0.4 | 0.2 | 1.2 |
| EBITDA margin | -18.1% | 23.3% | 36.5% | 21.3% | 9.5% | -48.8% | 31.6% | 26.9% | 7.9% | 13.0% | 6.6% | 3.8% | 8.5% |
| Finance costs | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.2 | 0.9 | 0.2 | −0 | 0.4 |
| Depreciation | 0.2 | 0.4 | 0.1 | 0.1 | 0.1 | −0.1 | 0.3 | 0.4 | 0.1 | 0.5 | 0.1 | 0.1 | 0.1 |
| Profit before tax | 3.4 | 4.5 | 5.1 | 3.1 | 1.1 | 0.2 | 2 | 3.9 | 1.8 | 5.1 | 0.4 | 0.3 | 0.7 |
| Tax | 0.1 | 2.2 | 0.6 | 0.2 | 0 | −0.3 | 0.3 | 0.4 | 0.3 | 1.6 | 0 | 0 | 0.1 |
| Net profit | 3.2 | 2.2 | 4.5 | 3 | 1.1 | 0.5 | 1.8 | 3.5 | 1.5 | 3.6 | 0.4 | 0.3 | 0.7 |
| Net margin | 79.4% | 21.5% | 67.1% | 56.8% | 20.6% | 8.3% | 26.0% | 24.3% | 13.5% | 9.1% | 5.6% | 5.9% | 5.0% |
| EPS (₹) | 1.29 | 2.62 | 1.80 | 1.18 | 0.45 | 0.22 | 0.72 | 1.39 | 0.61 | 1.43 | 0.15 | 0.14 | 0.28 |
| Net profit YoY | +187.2% | +311.4% | +151.0% | −15.0% | −26.2% | −84.9% | +372.7% | +904.6% | +114.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 27.7 | 39 | 66.2 |
| Other income | 9.6 | 6.4 | 1.8 |
| Total expenses | 23.5 | 37.4 | 61.5 |
| EBITDA | 6.5 | 3.8 | 7 |
| EBITDA margin | 23.4% | 9.6% | 10.6% |
| Finance costs | 1.4 | 1.6 | 1.5 |
| Depreciation | 0.8 | 0.7 | 0.7 |
| Profit before tax | 13.8 | 8 | 6.5 |
| Tax | 3 | 0.6 | 1.7 |
| Net profit | 10.8 | 7.3 | 4.8 |
| Net margin | 39.0% | 18.8% | 7.2% |
| EPS (₹) | 6.05 | 2.94 | 1.92 |
| Net profit YoY | +47.2% | +53.1% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Operating cash flow | −17.2 | −6.3 | 15.9 |
| Investing cash flow | 1.5 | −2.4 | −13.3 |
| Financing cash flow | 16.7 | 8 | −2.5 |
| Capital expenditure | 0 | 1.7 | 8.8 |
| Free cash flow (CFO − capex) | −17.2 | −7.9 | 7.1 |
Net profit trend
annual, ₹ croreFY24
₹4.8
FY25
₹7.3+53%
FY26
₹10.8+47%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 2 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 2 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 5.8×3.0×
P/B5Y avg 0.39×0.32×
ROEFY26, on average equity9.3%
Net margin39.0%
Debt / equity0.47×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹5.16
Market cap₹39 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.32×
vs 6-point avg 0.39× (−18%)
0.25× low0.39× avg0.48× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹208 Cr+46%
Net worth₹122 Cr+9%
Total borrowings₹58 Cr+287%
Cash & bank balances₹2 Cr+124%
Investments₹10 Cr−7%
Inventories₹51 Cr+28%
Trade receivables₹28 Cr+6%
Trade payables₹7 Cr+35%
Change vs the same date a year earlier.
Revenue mix FY26
Steel Trading98.1%result ₹11.6 Cr
Trading of Goods1.9%result ₹0.1 Cr
Segment revenue as reported, before inter-segment eliminations.