Steel & Iron Products
60 recent notes from companies in this sector. 20 companies tracked.
Scan Steels Q1 results were already out. This press release adds nothing new.
Revenue ₹257.8 cr, net profit ₹13 cr — figures disclosed a week ago. Filing provides TMT sales volume data but no change in outlook or guidance.
Scan Steels Q1 profit rises 29% YoY to ₹12.96 cr; revenue up 11%
Mild growth but the ₹850 cr capex plan remains the bigger story for the micro-steel maker.
Bansal Wire margins recover to ₹7-8/kg; guides 20% volume growth
Q1 EBITDA fell 26% YoY on gas cost spike, but MD says profitability bounced back from mid-May. Trial order from tyre major in hand, B2C now 10% of sales.
Scan Steels Q1 profit up 29% YoY; focus stays on ₹850 cr capex plan
Net profit rises to ₹12.96 cr, revenue to ₹257.79 cr. Routine board appointments. The big story remains the planned capacity expansion worth 373% of market cap.
Gallantt Ispat trims expansion target, Q1 profit falls 29%
The steelmaker lowered its capacity target from 1.3 to 1.23 mtpa without explanation, while net profit fell to Rs124 cr on raw material costs and plant shutdown.
Usha Martin sets 20% EBITDA margin floor, adds 6,000-ton elevator rope capacity
Q1 margins hit 20.1% from 16.3% a year ago; management commits to a 20% floor and signals demand softness in plasticated LRPC.
Usha Martin crosses ₹1,000 cr quarterly revenue, profit up 41%
Consolidated revenue of ₹1,033 cr, up 16.5% YoY; operating EBITDA margin at 20.1%. Company ends quarter with net cash of ₹332 cr and standalone debt-free. Credit rating upgraded to IND AA-.
SAIL's Q1 concall confirms margin jump, capex ramp-up
EBITDA surged 50%+ to ₹4,356 cr with 16.7% margin. Management raised capex guidance to ₹20,000+ cr next year and ₹25,000–26,000 cr thereafter. No new surprises beyond already-disclosed numbers.
Gallantt Ispat Q1 profit drops 29% as margins shrink
Net profit fell to ₹124 crore, with EBITDA margin contracting to 18% from 23% amid a planned plant shutdown and rising input costs. The ₹3,000 crore expansion remains on track for H2 FY27.
Gallantt Ispat replaces auditor, names internal CFO
Steelmaker appoints Singhi & Co. as statutory auditor after Maroti & Associates quits citing scale and commercial factors. Amit Jalan takes over as CFO from within.
JSW Steel wins investment-grade rating from Moody's
Moody's upgrades JSW Steel to Baa3 with stable outlook, reflecting debt reduction from BPSL stake sale and cost leadership. The rating matches India's sovereign ceiling.
Usha Martin crosses ₹1,000 cr quarterly revenue for first time
Q1 revenue hits ₹1,033 cr, up 16.4%; EBITDA margin expands to 20.1%; net cash at ₹465 cr; credit rating upgraded to IND AA-
Usha Martin cracks ₹1,000 cr quarter, EBITDA margin widens 380 bps
Revenue hit ₹1,033 cr, up 16.4% YoY; EBITDA margin jumped to 20.1% from 16.3% a year ago. Net profit rose 41% to ₹142 cr; net cash stood at ₹465 cr. Credit rating upgraded to IND AA-/Stable.
Gallantt Ispat Q1 net flat at ₹123.67 cr; fills CFO seat internally
Gallantt Ispat reported a net profit of ₹123.67 crore in Q1, virtually unchanged from the previous quarter. The board also appointed Amit Jalan as CFO and changed its auditor, both procedural moves.
Gallantt Ispat fills CFO seat, upgrades auditor after previous exits
After the CFO quit in mid-July, the board names Amit Jalan as CFO and replaces Maroti & Associates with Singhi & Co., a larger firm. Q1 net profit held flat at ₹123.7 cr.
Vardhman Special Steels commits ₹1,116 cr for forging unit, up from ₹475 cr plan
The Ludhiana forging plant, double the originally planned size, will make ring gears and precision parts. First line due by March 2028.
Usha Martin's Q1 profit jumps 41% but ED shadow lingers
Revenue at ₹1,033 cr, PAT at ₹142 cr; auditor points to ongoing ED/CBI probe. Management sees no financial hit yet.
SAIL's Q1FY27 deck adds detail to known numbers
The 50-slide presentation confirms revenue of ₹26,246 cr and EBITDA margin of 16.6%, with no new guidance or strategic update.
Rhetan TMT gets BIS licence for premium TMT bars, opens PSU doors
Rhetan TMT can now supply Fe500D, Fe550 and Fe550D TMT bars to government and PSU projects, completing its high-strength portfolio. No quantified orders or revenue impact disclosed.
Ratnaveer Precision delivers 19% revenue lift, gets rating upgrade
Q1 FY27 revenue rose 18.9% to ₹314.64 cr; PAT up 22% to ₹18.24 cr. Infomerics upgraded rating to IVR A- and Gujarat Electronics Policy approval secured for CCL project.
Sarda Energy puts ₹300 cr into waste heat, mineral wool at subsidiary
The capex is about 1.7% of the parent's market cap; analysts see it as routine capital allocation.
Remi Edelstahl board to weigh fundraising options on July 28
Nano-cap tubes maker with a P/E of 82 and ROE of 5.8% is considering issuing equity, warrants, or QIP. No amounts or terms disclosed yet.
Shyam Metalics trims FY27 growth outlook to >20% from near 30%
Management cites prudence for the guidance cut, while raising the stainless steel run-rate target to ₹600-700 cr. Aluminum foil plant is commissioning with Q3 contribution expected.
Bengal Steel's Q1 profit dips, revenue flat at ₹15L
Standalone net profit fell to ₹4.37 lakh in June quarter from ₹5.57 lakh a year ago. Revenue held steady at ₹15 lakh. Clean audit, no surprises.
Rajasthan Tube considers preferential issue after zero-revenue quarter
The nano-cap steel maker, with operations halted and no sales, will weigh equity or convertible warrants on July 24. A fundraise could bring a new investor or capital infusion.
Shyam Metalics targets ₹42,500 cr revenue by FY31 under Vision 2031
The metals player expects 2.3x revenue and 2.7x EBITDA growth, expands capacity to 27 MTPA, and pledges self-funded capex.
Technocraft shuts loss-making fabric division
The Murbad unit lost ₹2.86 cr in FY26, a tiny fraction of the ₹293-cr consolidated net profit. Garment and yarn continue through subsidiaries.
Gabion Technologies bags ₹8.34 cr in orders; FY27 target still a stretch
The nano-cap added 7.4% of FY26 revenue in fresh contracts over five weeks. It has guided for 40-45% growth to ₹200 cr in FY27.
Grand Foundry posts ₹19.6 cr revenue, rebrands to Tikona Communication
June-quarter results show the telecom pivot is generating cash, but the stock remains under GSM Stage 3 trading curbs and the name change awaits shareholder and regulatory nod.
Shyam Metalics Q1 profit jumps 21% to ₹351 cr, margin at 14%
Revenue rises 23% to ₹5,455 cr on a 138% surge in pig iron and 52% jump in CR coil. Aluminium foil plant starts commercial production.
Shyam Metalics plans ₹4,500 cr fundraise, flags ED attachment on subsidiary
The board approved a potential 16% dilution to raise up to ₹4,500 crore, while an ED order attaches ₹152 crore of investments in a subsidiary.
Bombay Wire Ropes board to meet July 24 for Q1 results
Routine disclosure under Regulation 29; the actual results on July 24 will be the next test for this nano-cap.
East India Drums profit jumps 30% as cost control offsets revenue dip
FY26 net profit of ₹4.67 crore grew even as revenue fell 8.5% to ₹248 crore but the audited numbers were already in the market
East India Drums profit jumps 30% on cost controls, revenue slips
Net profit rises to ₹4.67 crore even as revenue falls 8.5% to ₹248 crore. Auditors reappointed for FY27.
Vedanta Resources' $1B facility keeps promoter stake locked
The 56.38% promoter holding in VISL was already fully encumbered. The new Citigroup-Standard Chartered deal adds fresh covenants but no new pledge.
JSW Steel scales back captive coal target; BF3 furnace delayed
JSW Steel's CFO dialled back the long-held 50% captive coking coal target to ~30% by 2028, while the upgraded BF3 furnace was lit a quarter late. Q1 EBITDA came in at ₹9,373 cr (20% margin) but cost headwinds loom.
Aanchal Ispat seeks ₹15 cr via rights issue, third equity tap in two months
The rights issue equals 37.5% of market cap and follows a ₹10 cr QIP and ₹8.65 cr preferential warrants. Existing shareholders face heavy dilution.
Jayaswal Neco profit doubles to ₹194 cr; debt-to-equity drops below 1x
Q1FY27 net profit jumps 108% YoY, revenue up 28%. Finance costs nearly cut in half; debt-to-equity improves to 0.78x. But numbers were largely anticipated, and an ED case remains an overhang.
Jayaswal Neco profit doubles to ₹194 cr; ED case shadows results
Revenue up 28% to ₹2,107 crore. Auditor flags known ED attachment as emphasis of matter – appeal allowed but case at Supreme Court.
Kalyani Steels reopens Ginigera plant just 4 days after CPCB shutdown order
The pollution regulator conditionally revoked its closure directive on July 16, allowing Kalyani Steels to restart operations from July 17. The swift reversal removes an immediate revenue risk for the small-cap steelmaker.
JSW Steel Q1 net profit surges 113% to ₹4,696 cr
Revenue climbs to ₹47,364 cr, EBITDA margin at 19.8%. Net debt-to-equity improves to 0.42x as the steelmaker benefits from capacity expansions.
Shah Metacorp shuffles CEO to board seat, allots warrants to promoter
Viral Shah steps down as CEO but stays on as executive director; Mahendra Shukla named whole-time director. Promoter Mona Shah converts warrants, infusing ₹3.53 crore.
Shyam Metalics opens aluminium foil plant, sees 50% margin lift
Step-down subsidiary starts commercial production at Sambalpur facility, part of ₹800 cr downstream push. Company guides for 40-50% margin improvement and 2-2.5x revenue jump.
Vedanta Iron & Steel's promoter stake fully tied to parent's $1.75B bonds
GLAS Agency disclosed an encumbrance on the entire 56.38% promoter holding, linking it to group debt under SEBI rules.
Gallantt Ispat's CFO quits, one month to find successor
Pradyumna Kumar Satpathy steps down citing personal reasons, effective 15 August 2026. The mid-cap steel firm now faces a leadership gap in finance just weeks before the separation.
Shankara promoter trust launches ₹94.57 cr open offer at ₹150/share
Mandatory open offer for 26% at ₹150 per share to lift promoter group holding to 75.52%, triggered by past regulatory breaches and voluntary intent.
Jindal Saw profit plunges 78% on Middle East blockade, licence suspension
Net profit slumps to ₹91 crore, volumes flat for FY27; full pipe recovery only from October. Management eyes H2 improvement.
Mukand signs term sheet for ₹506 cr land sale in Thane
The sale of 8.78 acres at Kalwa could generate cash equal to 25.6% of market cap, but the deal requires multiple government approvals and due diligence.
Manaksia's Aluzinc pivot delivers record ₹10,400 EBITDA/ton
Management guided FY27 revenue of ₹1,300-1,350 crore with 11-12% EBITDA margin but declined to commit to the margin despite direct analyst questions.
Vraj Iron & Steel plans ₹450 cr greenfield plant, exceeding its market cap
Board approved integrated steel plant in Bastar. Stage one adds 201ktpa sponge iron, 201ktpa billets, 30 MW captive power. Funding: ₹150 cr equity, ₹300 cr debt.
Cosmic CRF lands ₹8.63 cr railway orders; just 1.2% of revenue
Three purchase orders from Indian Railways and an infrastructure customer, including a ₹755.20 lakh Z sheet pile order, but the total is modest against a ~₹722 cr turnover base.
Manaksia Coated Metals profit surges 162% QoQ, EBITDA per tonne hits record
Consolidated net profit of ₹14.10 crore in Q1 FY27; EBITDA per tonne at all-time high of ₹10,401, driven by value-added products and export growth.
Manaksia Coated Metals board approves routine Q1, reappoints directors
Standard board meeting outcome: results already published, re-appointments and AGM date set — no surprises.
Manaksia Coated Metals posts flat profit in June quarter
Net profit nearly unchanged at ₹14.16 crore; revenue edges up 5% to ₹262.14 crore. Clean audit review, no exceptional items.
Manaksia Coated Metals posts flat profit, modest revenue rise in June quarter
Standalone net profit inched up to ₹14.16 crore from ₹14.10 crore; revenue rose 5% to ₹262.14 crore. The new snack subsidiary added little, and the audit was clean. A routine quarter with no surprises.
Jindal Saw net profit drops 70%, margin narrows to 5.1%
Standalone profit fell to ₹109.77 cr from ₹363.94 cr a year earlier. Revenue rose to ₹3,721 cr from ₹3,300 cr, but costs pushed operating margin to 5.1% from 12.55%.
Godawari Power shuts pellet plant as GAIL cuts gas supply
The 2 MTPA pellet unit at Siltara, Raipur is idle from 14 July, blamed on curtailment of contracted gas by GAIL and seasonal mine output. It contributed **₹259 cr** or **5.5%** of FY26 turnover.
CPCB orders Kalyani Steels to shut Ginigera plant over violations
Kalyani Steels' Ginigera plant faces CPCB-ordered closure over environmental violations. The company says it has already complied but financial impact is uncertain.
Hariom Pipe lands TNPCB reprieve, Perundurai unit restarts
Closure order from April 2026 suspended; power restored. Unit can operate until March 2027, subject to compliance. No financial impact quantified.
Shree Steel Wire Ropes swings to profit but loses top brass
Q1 net profit of ₹22.72 lakh on doubled revenue of ₹243.10 lakh. But MD, WTD, and CFO resigned on the same day, leaving a nano-cap with a governance question mark.