Steel Exchange India Limited (STEELXIND) AI Stock Analysis

• Market Cap: ₹12.72B
• Dividend Yield: N/A
• Average Volume (3M): 889.56K
• Price to Earnings (P/E): 37.2
• Beta (1Y): 1.44
• Revenue Growth: 7.07%
• EPS Growth: 78.16%
• Country: IN
• Employees: 534
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): 0.09
• Shares Outstanding: 1,197,633,300
• 10 Day Avg. Volume: 1,244,398
• 30 Day Avg. Volume: 889,561
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹11.50
• Price Target Upside: 10.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: ₹11.50 ▲(10.79% Upside)

The overall score reflects a mix of positive financial performance and strong technical momentum, counterbalanced by valuation concerns. The company's revenue growth and profitability improvements are significant strengths, but the high P/E ratio and overbought technical indicators suggest caution.

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 demonstrates robust revenue growth and profitability improvement, with enhanced margins and a stronger equity position. However, historical volatility in net income and debt levels necessitate prudent management.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2020
Income Statement
Total Revenue	11.44B	10.89B	13.88B	10.99B	7.80B
Gross Profit	2.54B	933.78M	2.21B	1.56B	1.15B
EBITDA	1.24B	908.24M	1.02B	1.26B	698.77M
Net Income	259.34M	108.86M	-588.51M	1.16B	642.95M
Balance Sheet
Total Assets	12.84B	12.68B	11.32B	11.17B	13.87B
Cash, Cash Equivalents and Short-Term Investments	210.44M	200.78M	425.11M	142.69M	255.59M
Total Debt	3.58B	3.82B	2.39B	4.40B	10.14B
Total Liabilities	5.78B	6.07B	6.15B	6.71B	12.31B
Stockholders Equity	7.06B	6.62B	5.17B	4.46B	1.56B
Cash Flow
Free Cash Flow	35.01M	-972.93M	1.22B	-41.24M	342.82M
Operating Cash Flow	967.15M	-479.70M	1.38B	41.78M	366.56M
Investing Cash Flow	-151.90M	-492.59M	-136.46M	92.83M	-19.01M
Financing Cash Flow	-805.59M	979.19M	-1.20B	-12.62M	-100.97M

Steel Exchange India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.38
• 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 10.38 is below the 20-day moving average (MA) of 10.72, above the 50-day MA of 9.67, and above the 200-day MA of 9.53, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 56.45 is Neutral, neither overbought nor oversold. The STOCH value of 55.09 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
MAHASTEEL	74 Outperform	₹5.50B	65.00		―	2.99%	45.21%
Sector *	70 Outperform	¥179.17B	11.24	5.69%	3.09%	2.75%	-12.76%
MSPL	61 Neutral	₹17.53B	58.19		―	-4.39%	-160.87%
STEELXIND	60 Neutral	₹12.72B	37.21		―	7.07%	78.16%
MANAKSTEEL	57 Neutral	₹4.00B	26.88		―	9.32%	-26.41%
MUKANDLTD	54 Neutral	₹19.30B	23.95		1.50%	-5.74%	-16.13%
SANGHIIND	45 Neutral	₹17.01B	―		―	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.