Steel Exchange India Limited (STEELXIND) AI Stock Analysis

• Market Cap: ₹11.25B
• Dividend Yield: N/A
• Average Volume (3M): 719.71K
• Price to Earnings (P/E): 33.5
• Beta (1Y): 1.47
• Revenue Growth: 7.07%
• EPS Growth: 78.16%
• Country: IN
• Employees: 534
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Steel
• EPS (TTM): 0.09
• Shares Outstanding: 1,197,633,300
• 10 Day Avg. Volume: 458,495
• 30 Day Avg. Volume: 719,709
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹10.00
• Price Target Upside: 6.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹10.00 ▲(6.50% Upside)

The overall stock score of 54 reflects a mixed outlook. Financial performance is a positive factor due to revenue growth and improved margins, but technical analysis indicates bearish momentum. The high P/E ratio suggests overvaluation, and the lack of dividend yield reduces appeal. Ongoing management of debt and cash flow stability is crucial for future performance.

Steel Exchange India Limited Business Overview & Revenue Model

Company Description

Steel Exchange India Limited (STEELXIND) is a prominent player in the Indian steel industry, primarily engaged in the manufacturing and trading of steel products. The company operates in sectors including steel manufacturing, power generation, and steel trading. Its core products include TMT bars, sponge iron, billets, and other rolled products, serving a wide range of industries including construction, infrastructure, and engineering.

How the Company Makes Money

Steel Exchange India Limited generates revenue through multiple streams primarily centered around its steel manufacturing and trading operations. The company earns money by producing and selling steel products like TMT bars, which are essential in construction and infrastructure projects. It also generates income through the production and sale of sponge iron and billets, serving as raw materials for various industrial applications. Additionally, the company engages in power generation, utilizing captive power plants to support its manufacturing processes and contribute to its overall revenue. Strategic partnerships and a strong distribution network further support its business model, enhancing its reach and sales in both domestic and international markets.

Steel Exchange India Limited Financial Statement Overview

Summary

Steel Exchange India Limited shows strong revenue growth and improved profitability, with a significant increase in gross and net profit margins. The balance sheet is stable with moderate leverage, but the presence of significant debt and historical volatility in net income and cash flows pose risks.

Income Statement

Steel Exchange India Limited's income statement reveals strong revenue growth from the previous year, with total revenue increasing by 5.03% from 2024 to 2025. The gross profit margin improved significantly to 22.16% in 2025, indicating better cost management. The net profit margin also rose to 2.27%, reflecting improved profitability. However, the historical volatility in net income, as seen from the previous losses, poses a risk to consistent profitability.

Balance Sheet

The balance sheet indicates a stable equity position with a debt-to-equity ratio of 0.51, showing moderate leverage. The return on equity improved to 3.67%, driven by positive net income. The equity ratio stands at 54.97%, suggesting a solid financial structure. Nonetheless, the presence of significant total debt requires careful monitoring to avoid liquidity pressures.

Cash Flow

Cash flows show a positive trend with a significant improvement in free cash flow from a negative position in 2024 to a positive 35 million in 2025. The operating cash flow to net income ratio is favorable at 3.73, highlighting efficient cash generation relative to profits. However, the historical fluctuations in operating cash flow and capital expenditures could lead to potential cash management challenges.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2021
Income Statement
Total Revenue	11.43B	11.44B	10.89B	13.88B	8.98B	10.99B
Gross Profit	2.22B	2.54B	933.78M	2.21B	1.46B	1.56B
EBITDA	1.27B	1.24B	908.24M	1.02B	1.94B	1.26B
Net Income	259.34M	259.34M	108.86M	-588.51M	1.40B	1.16B
Balance Sheet
Total Assets	12.84B	12.84B	12.68B	11.32B	9.89B	11.17B
Cash, Cash Equivalents and Short-Term Investments	210.44M	210.44M	200.78M	425.11M	20.70M	142.69M
Total Debt	3.76B	3.58B	3.82B	2.39B	4.38B	4.40B
Total Liabilities	5.78B	5.78B	6.07B	6.15B	6.87B	6.71B
Stockholders Equity	7.06B	7.06B	6.62B	5.17B	3.02B	4.46B
Cash Flow
Free Cash Flow	0.00	35.01M	-972.93M	1.22B	753.81M	-41.24M
Operating Cash Flow	0.00	967.15M	-479.70M	1.38B	793.01M	41.78M
Investing Cash Flow	0.00	-151.90M	-492.59M	-136.46M	128.71M	92.83M
Financing Cash Flow	0.00	-805.59M	979.19M	-1.20B	-1.16B	-12.62M

Steel Exchange India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.39
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STEELXIND, the sentiment is Negative. The current price of 9.39 is below the 20-day moving average (MA) of 9.76, below the 50-day MA of 10.16, and below the 200-day MA of 9.39, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 40.32 is Neutral, neither overbought nor oversold. The STOCH value of 47.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STEELXIND.

Steel Exchange India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.27B	6.37	0.76%	2.91%	3.10%	-36.03%
MAHASTEEL	60 Neutral	₹6.03B	75.20		―	2.99%	45.22%
MANAKSTEEL	60 Neutral	₹3.82B	26.18		―	9.32%	-26.47%
MSPL	55 Neutral	₹17.37B	58.19		―	-4.39%	-160.87%
STEELXIND	54 Neutral	₹11.25B	33.46		―	7.07%	78.16%
MUKANDLTD	54 Neutral	₹19.30B	23.95		1.50%	-5.74%	-16.13%
SANGHIIND	41 Neutral	₹16.49B	―		―	12.93%	-39.27%

Steel Exchange India Limited Corporate Events

Steel Exchange India Secures Approval for Major Infrastructure Project

Steel Exchange India Limited has announced that its product, SIMHADRI TMT steel rebars, has received source approval for use in the construction of the Bengaluru-Vijayawada Economic Corridor, specifically for NHAI’s Package No. 11, 12, and 14. This approval signifies a significant opportunity for the company to enhance its market presence and contribute to major infrastructure projects, potentially boosting its reputation and stakeholder confidence.