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Steel Exchange India Limited (IN:STEELXIND)
:STEELXIND
India Market
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Steel Exchange India Limited (STEELXIND) AI Stock Analysis

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IN:STEELXIND

Steel Exchange India Limited

(STEELXIND)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
₹11.00
▲(11.68% Upside)
Steel Exchange India Limited's stock score is driven by strong financial performance with revenue growth and improved profitability. However, technical indicators suggest caution due to potential bearish momentum and overvaluation concerns. The absence of dividend yield and high P/E ratio further impact the valuation negatively.

Steel Exchange India Limited (STEELXIND) vs. iShares MSCI India ETF (INDA)

Steel Exchange India Limited Business Overview & Revenue Model

Company DescriptionSteel Exchange India Limited manufactures and sells steel products in India. The company operates through Trading, Steel Ingot, and Integrated Steel Plant divisions. It produces ingots using sponge iron and scrap/pig iron; TMT bars; sponge iron products, including lumps, fines, and briquettes; and steel billets. The company also trades in various products ranging from finished steel products to semis, coal, scrap, sponge iron, etc. It sells TMT bars under the Simhadri TMT Bars brand. In addition, the company generates power from waste heat. Steel Exchange India Limited was incorporated in 1999 and is based in Visakhapatnam, India.
How the Company Makes MoneySteel 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 better cost management. However, historical volatility in net income and significant debt levels pose risks.
Income Statement
70
Positive
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
65
Positive
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
60
Neutral
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.
BreakdownTTMDec 2025Dec 2023Dec 2022Dec 2021Dec 2021
Income Statement
Total Revenue11.43B11.44B10.89B13.88B8.98B10.99B
Gross Profit2.22B2.54B933.78M2.21B1.46B1.56B
EBITDA1.27B1.24B908.24M1.02B1.94B1.26B
Net Income259.34M259.34M108.86M-588.51M1.40B1.16B
Balance Sheet
Total Assets12.84B12.84B12.68B11.32B9.89B11.17B
Cash, Cash Equivalents and Short-Term Investments210.44M210.44M200.78M425.11M20.70M142.69M
Total Debt3.76B3.58B3.82B2.39B4.38B4.40B
Total Liabilities5.78B5.78B6.07B6.15B6.87B6.71B
Stockholders Equity7.06B7.06B6.62B5.17B3.02B4.46B
Cash Flow
Free Cash Flow0.0035.01M-972.93M1.22B753.81M-41.24M
Operating Cash Flow0.00967.15M-479.70M1.38B793.01M41.78M
Investing Cash Flow0.00-151.90M-492.59M-136.46M128.71M92.83M
Financing Cash Flow0.00-805.59M979.19M-1.20B-1.16B-12.62M

Steel Exchange India Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price9.85
Price Trends
50DMA
10.14
Negative
100DMA
9.51
Positive
200DMA
9.35
Positive
Market Momentum
MACD
0.08
Negative
RSI
47.01
Neutral
STOCH
11.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STEELXIND, the sentiment is Neutral. The current price of 9.85 is below the 20-day moving average (MA) of 9.88, below the 50-day MA of 10.14, and above the 200-day MA of 9.35, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 11.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:STEELXIND.

Steel Exchange India Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
₹20.61B-100.33-2.90%-4.39%-160.87%
61
Neutral
₹11.80B35.137.07%78.03%
60
Neutral
₹6.73B79.545.10%2.99%45.22%
60
Neutral
₹3.87B26.523.37%9.32%-26.47%
49
Neutral
₹18.69B23.197.99%1.54%-5.74%-16.13%
44
Neutral
₹16.56B-3.42-81.38%12.93%-39.27%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:STEELXIND
Steel Exchange India Limited
9.85
-3.00
-23.35%
IN:MAHASTEEL
Mahamaya Steel Industries Ltd.
409.60
208.00
103.17%
IN:MANAKSTEEL
Manaksia Steels Ltd
59.11
-9.29
-13.58%
IN:MSPL
MSP Steel & Power Limited
36.36
-17.83
-32.90%
IN:MUKANDLTD
Mukand Limited
129.35
-33.56
-20.60%
IN:SANGHIIND
Sanghi Industries Limited
64.12
-20.39
-24.13%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 13, 2025