Steel Exchange India Limited (STEELXIND) AI Stock Analysis

• Market Cap: ₹12.58B
• Dividend Yield: N/A
• Average Volume (3M): 466.36K
• Price to Earnings (P/E): 36.0
• Beta (1Y): 1.55
• Revenue Growth: 7.07%
• EPS Growth: 78.03%
• Country: IN
• Employees: 534
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.09
• Shares Outstanding: 1,247,220,600
• 10 Day Avg. Volume: 336,143
• 30 Day Avg. Volume: 466,355
• PEG Ratio: 0.26
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 275.43
• 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: ₹11.00
• Price Target Upside: 9.02% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹11.00 ▲(9.02% Upside)

Steel Exchange India Limited's stock score is driven by strong financial performance and positive technical indicators. However, valuation concerns due to a high P/E ratio and lack of dividend yield weigh on the overall score.

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 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 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 better cost management and a solid equity position. However, historical volatility in net income and significant debt levels 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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.79B	11.44B	10.89B	13.88B	10.99B	8.98B
Gross Profit	2.50B	2.54B	933.78M	2.21B	1.56B	1.46B
EBITDA	1.36B	1.44B	908.24M	961.87M	1.26B	1.94B
Net Income	335.82M	259.34M	108.86M	-588.51M	1.16B	1.40B
Balance Sheet
Total Assets	0.00	12.84B	12.68B	11.32B	11.17B	9.89B
Cash, Cash Equivalents and Short-Term Investments	210.44M	130.47M	91.43M	112.91M	142.69M	20.70M
Total Debt	0.00	3.58B	4.01B	3.40B	4.40B	4.57B
Total Liabilities	-7.06B	5.78B	6.07B	6.15B	6.71B	6.87B
Stockholders Equity	7.06B	7.06B	6.62B	5.17B	4.91B	3.02B
Cash Flow
Free Cash Flow	0.00	35.01M	-972.93M	1.22B	-41.24M	753.81M
Operating Cash Flow	0.00	967.15M	-479.70M	1.38B	41.78M	793.01M
Investing Cash Flow	0.00	-151.90M	-492.59M	-136.46M	92.83M	128.71M
Financing Cash Flow	0.00	-805.59M	979.19M	-1.20B	-12.62M	-1.16B

Steel Exchange India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 10.09 is below the 20-day moving average (MA) of 10.21, above the 50-day MA of 10.02, and above the 200-day MA of 9.31, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 48.66 is Neutral, neither overbought nor oversold. The STOCH value of 26.14 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSPL	65 Neutral	₹19.63B	58.19	―	―	-4.39%	-160.87%
STEELXIND	64 Neutral	₹12.58B	35.98	―	―	7.07%	78.03%
MAHASTEEL	62 Neutral	₹9.24B	109.15	―	―	2.99%	45.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKSTEEL	60 Neutral	₹3.82B	26.13	―	―	9.32%	-26.47%
MUKANDLTD	49 Neutral	₹18.60B	23.08	―	1.55%	-5.74%	-16.13%
SANGHIIND	41 Neutral	₹16.58B	―	―	―	12.93%	-39.27%