Steel Exchange India Limited (STEELXIND) AI Stock Analysis

• Market Cap: ₹11.62B
• Dividend Yield: N/A
• Average Volume (3M): 466.36K
• Price to Earnings (P/E): 33.2
• Beta (1Y): 1.57
• Revenue Growth: 5.31%
• EPS Growth: 30.14%
• Country: IN
• Employees: 534
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.02
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: ₹10.00 ▲(11.73% Upside)

Steel Exchange India Limited's stock score is primarily influenced by its financial performance, which shows positive trends in revenue and profitability. However, technical analysis indicates bearish momentum, and the valuation suggests the stock is expensive. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth reflects strong demand for the company's products, enhancing its market position and supporting future expansion.

Improved Profitability

Improved profitability through better cost management strengthens financial health and provides more resources for reinvestment and growth.

Cash Flow Improvement

Positive cash flow indicates efficient operations and provides flexibility for strategic investments, debt reduction, or shareholder returns.

Negative Factors

Debt Levels

High debt levels can strain financial resources, limiting the company's ability to invest in growth opportunities and increasing financial risk.

Net Income Volatility

Volatile net income can undermine investor confidence and affect the company's ability to maintain consistent profitability over time.

Cash Flow Fluctuations

Inconsistent cash flow can challenge financial planning and stability, potentially impacting the company's ability to fund operations and growth.

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 primarily through the sale of its steel products, including TMT bars and wire rods, which are essential for construction and infrastructure projects. The company has established a diversified customer base, including construction companies, manufacturers, and exporters, which helps stabilize its revenue stream. Additionally, STEELXIND benefits from strategic partnerships with suppliers and distributors that enhance its market reach and operational efficiency. The company may also explore export opportunities to international markets, further diversifying its income sources. Factors such as fluctuations in raw material prices, demand in the construction sector, and government policies concerning infrastructure development significantly impact its earnings.

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 to financial stability.

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	3.83B	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: Negative
• Last Price: 8.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 8.95 is below the 20-day moving average (MA) of 9.00, below the 50-day MA of 9.69, and below the 200-day MA of 9.20, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 36.20 is Neutral, neither overbought nor oversold. The STOCH value of 27.68 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
MANAKSTEEL	65 Neutral	₹3.72B	25.48	―	―	49.22%	49.59%
MAHASTEEL	63 Neutral	₹9.95B	117.54	―	―	11.83%	124.74%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
STEELXIND	54 Neutral	₹11.62B	33.24	―	―	5.31%	30.14%
MSPL	51 Neutral	₹18.87B	-91.86	―	―	-3.14%	-466.99%
MUKANDLTD	50 Neutral	₹19.71B	24.46	―	1.49%	-5.63%	-34.36%
SANGHIIND	44 Neutral	₹16.94B	-4.17	―	―	32.54%	19.65%

Steel Exchange India Limited Corporate Events

Steel Exchange India Limited Optimizes Debenture Terms for Financial Efficiency

Steel Exchange India Limited’s board approved modifications to the terms of its Non-Convertible Debentures (NCDs), including a reduced interest rate and extended repayment tenure. This strategic refinancing aims to optimize the company’s capital structure, reduce borrowing costs, and improve liquidity, which is expected to enhance shareholder value.

Steel Exchange India Secures Rs. 350 Crore Refinancing to Optimize Financial Structure

Steel Exchange India Limited has secured a Rs. 350 crore refinancing facility at more favorable terms, leading to substantial savings in finance costs. This strategic move involves prepayment and redemption of Non-Convertible Debentures and a Term Loan, with a significant reduction in interest rates, extended repayment tenure, and improved liquidity. The initiative underscores the company’s commitment to proactive liability management and positions it well for future growth, enhancing shareholder value and optimizing its capital structure.