Steel Exchange India Limited (IN:STEELXIND)
:STEELXIND
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Steel Exchange India Limited
(STEELXIND)
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Rating:58Neutral
Price Target:
₹9.50
▲(4.17% Upside)
Action:ReiteratedDate:04/09/26
The score is primarily supported by improving financial performance (better margins, positive free cash flow, and moderate leverage). This is tempered by weak-to-mixed technical signals (below the 200-day average and slightly negative MACD) and a notably expensive valuation (P/E 131.207) with no dividend yield data provided.
Positive Factors
Improving Gross Margin
Gross margin expansion to 22.16% reflects better cost control and pricing discipline. Sustained higher gross margins create a durable buffer against volatile steel input and energy costs, supporting operating profitability and funding for reinvestment over multiple cycles.
Negative Factors
Thin Net Margin
A net margin of only 2.27% leaves a narrow profitability cushion. In a commodity-exposed sector like steel, such thin margins make earnings highly sensitive to raw-material, energy, and freight cost swings, limiting retained earnings and long-term reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Gross Margin
Gross margin expansion to 22.16% reflects better cost control and pricing discipline. Sustained higher gross margins create a durable buffer against volatile steel input and energy costs, supporting operating profitability and funding for reinvestment over multiple cycles.
Read all positive factors
Steel Exchange India Limited (STEELXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.05B
Dividend YieldN/A
Average Volume (3M)466.36K
Price to Earnings (P/E)131.2
Beta (1Y)1.65
Revenue Growth5.31%
EPS Growth30.14%
CountryIN
Employees534
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,247,220,600
10 Day Avg. Volume336,143
30 Day Avg. Volume466,355
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.37
Price to Sales (P/S)0.84
P/FCF Ratio275.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Steel Exchange India Limited Business Overview & Revenue Model
Company Description
Steel 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 pr...
How the Company Makes Money
Steel Exchange India Limited makes money primarily by manufacturing steel products and selling them through a distribution network to customers in the construction and infrastructure value chain. Its core revenue stream is the sale of finished ste...
Steel Exchange India Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.51B | 11.44B | 10.89B | 13.88B | 10.99B | 8.98B |
| Gross Profit | 2.68B | 2.54B | 933.78M | 2.21B | 1.56B | 1.46B |
| EBITDA | 1.38B | 1.44B | 908.24M | 961.87M | 1.26B | 1.94B |
| Net Income | 329.70M | 259.34M | 108.86M | -588.51M | 1.16B | 1.40B |
Balance Sheet | ||||||
| Total Assets | 13.84B | 12.84B | 12.68B | 11.32B | 11.17B | 9.89B |
| Cash, Cash Equivalents and Short-Term Investments | 859.13M | 130.47M | 91.43M | 112.91M | 142.69M | 20.70M |
| Total Debt | 1.28B | 3.58B | 3.83B | 3.40B | 4.40B | 4.57B |
| Total Liabilities | 6.34B | 5.78B | 6.07B | 6.15B | 6.71B | 6.87B |
| Stockholders Equity | 7.51B | 7.06B | 6.62B | 5.17B | 4.91B | 3.02B |
Cash Flow | ||||||
| Free Cash Flow | -149.07M | 35.01M | -972.93M | 1.22B | -41.24M | 753.81M |
| Operating Cash Flow | -114.81M | 967.15M | -479.70M | 1.38B | 41.78M | 793.01M |
| Investing Cash Flow | 125.14M | -151.90M | -492.59M | -136.46M | 92.83M | 128.71M |
| Financing Cash Flow | -52.73M | -805.59M | 979.19M | -1.20B | -12.62M | -1.16B |
Steel Exchange India Limited Technical Analysis
Positive
9.12
Price Trends
7.89
Positive
8.31
Positive
9.14
Negative
Market Momentum
0.11
Negative
64.19
Neutral
86.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STEELXIND, the sentiment is Positive. The current price of 9.12 is above the 20-day moving average (MA) of 7.73, above the 50-day MA of 7.89, and below the 200-day MA of 9.14, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 64.19 is Neutral, neither overbought nor oversold. The STOCH value of 86.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STEELXIND.
Steel Exchange India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹15.53B | 215.61 | ― | ― | 11.83% | 124.74% | |
58 Neutral | ₹11.05B | 131.21 | ― | ― | 5.31% | 30.14% | |
57 Neutral | ₹3.79B | 11.94 | ― | ― | 49.22% | 49.59% | |
51 Neutral | ₹19.77B | 96.37 | ― | ― | -3.14% | -466.99% | |
48 Neutral | ₹18.89B | 47.87 | ― | 1.50% | -5.63% | -34.36% |
* Basic Materials Sector Average
IN:STEELXIND
Steel Exchange India Limited
8.86
0.63
7.65%
IN:MAHASTEEL
Mahamaya Steel Industries Ltd.
944.90
708.90
300.38%
IN:MANAKSTEEL
Manaksia Steels Ltd
57.82
8.71
17.74%
IN:MSPL
MSP Steel & Power Limited
34.88
6.25
21.83%
IN:MUKANDLTD
Mukand Limited
130.75
36.65
38.95%
Steel Exchange India Limited Corporate Events
Steel Exchange India issues corrigendum ahead of EGM on preferential warrants
Mar 25, 2026
Steel Exchange India Limited has issued a corrigendum to its notice convening the first Extraordinary General Meeting for FY 2025-26, scheduled on March 30, 2026 via video conferencing and other audio-visual means. The correction follows comments ...
Steel Exchange India Confirms Timely Interest Payment on Secured Debentures
Mar 9, 2026
Steel Exchange India Limited has confirmed that it paid the scheduled interest on its secured non-convertible debentures on March 7, 2026, matching the due date and demonstrating adherence to its debt servicing obligations. The monthly interest pa...
Steel Exchange India Sets March 30 EGM With Full Remote E-Voting Framework
Mar 7, 2026
Steel Exchange India Limited has announced that its first Extraordinary General Meeting for the financial year 2025-26 will be held on March 30, 2026, via video conferencing and other audio-visual means, with the notice and related information pub...
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.