Steel/Sponge /Pig Iron
29 recent notes from companies in this sector. 15 companies tracked.
Rajputana Stainless gets Crisil upgrade to BBB+ after turning debt-free
One-notch upgrade follows ₹96 cr loan repayment from IPO proceeds. Short-term rating also raised to A2.
IT dept slaps ₹12.89 cr tax demand on Jai Balaji
Assessment order for block period 2018-24 follows a search disclosed in November. Company says it will appeal and sees no material impact on financials.
SAL Steel picks insider Anil Kumar Singh as CFO
The appointment takes effect July 1, 2026. Singh, already Whole-Time Director, brings 35 years of experience in steel, auto, and textiles.
CARE upgrades Jindal Steel to AA+, stable outlook
One-notch upgrade from AA reflects improved credit profile and deleveraging. Short-term rating reaffirmed at A1+. Impact on borrowing costs is modest, and the move was widely anticipated.
VMS TMT promoters reshuffle 2.66% stake in off-market transfer
Sunny Sunil Singhi acquires 13,22,154 shares from Varun Manojkumar Jain at roughly ₹45 each; earlier transfer to another promoter was withdrawn.
Steel Exchange slashes FY27 volume growth target from ~100% to 25-35%
Management, which had earlier projected a doubling of volumes, now guides for a 25-35% rise on a consolidated basis, without a full explanation for the reversal.
VMS TMT promoters cancel ₹5.95 cr inter-se transfer
A proposed acquisition of 13,22,154 shares (2.66% stake) at ₹45 per share was withdrawn a week after being announced. No reason was given, leaving promoter shareholding unchanged.
Steel Exchange repays ₹15 cr more, cuts ₹86 cr since Oct
Cumulative debt reduction now ~25% of long-term debt. But at under 1% of market cap, the latest repayment is a routine credit positive, not a game-changer.
Steel Exchange gets APCRDA vendor nod for Amaravati TMT bars
The approval covers premium grades including corrosion-resistant steel. But without a specific order value, the financial impact remains uncertain.
VMS TMT insider buys 2.66% stake from fellow promoter at ₹45
Rishabh Singhi will purchase 13,22,154 shares from Varun Jain for ₹5.95 crore, a price near the 60-day VWAP. The aggregate promoter holding stays put.
VMS TMT's earnings transcript arrives with nothing new
The full Q4 FY26 call transcript confirms the prior summary: sales, profit, and the solar-project story are unchanged. This is archival.
VMS TMT's solar savings story gets muddled mid-call.
Management first pegged the new plant's savings at ₹5-6 cr a year, then called it half-yearly. The full-year EBITDA margin was 7.4%.
Abha Power's insert prices fell 20%, margins crashed to 6.45%.
H2 revenue dropped 25% to ₹27.65 cr. The company is betting a 35x capacity jump and new railway orders will restore margins to 15-20% in FY27.
Steel Exchange India's Q4 call transcript is a procedural release with no new detail
The full transcript of the May 28 earnings call is now public, but it contains nothing beyond what the prior summary already disclosed. This is a record, not a catalyst.
BWL's factory is still dark. Its annual results just make that official.
The company remains shut under working capital constraints. Its annual filing is a formality, not a new event.
Bihar Sponge Iron revenue drops 83% after plant operator abandons facility
Q4 revenue collapsed to ₹1,692 lakhs as operations halted in February. The company is now fighting an insolvency petition over a ₹1,722 lakh debt it says it doesn't owe.
Vaswani Industries turns a profit as promoters inject ₹9.87 crore
A quarterly profit of ₹5.39 crore marks a sharp reversal for Vaswani Industries, which also locked in a fresh promoter capital infusion to fund ongoing capex.
Chennai Ferrous revenue jumped to ₹5.84 cr in Q4 after a near-zero December quarter
A sharp sequential rebound from ₹75 lakhs in revenue to ₹5.84 crore took the nano-cap back to profit. Full-year numbers, however, still show a 40% annual revenue drop.
KIC Metaliks confirms FY26 results in routine board filing
The company has formally approved its audited financial results for the year ended March 31, 2026. The filing adds no new information.
KIC Metaliks swings to profit as Q4 revenue jumps 38%
The steel and pig iron producer posted a full-year profit of ₹1.05 cr, reversing a loss of ₹6.09 cr in FY25, as cost controls took hold.
Suraj Products reports annual profit decline, declares dividend
The company posted lower annual revenue and profit for FY26. Standalone results for the final quarter show sequential improvement.
Suraj Products reports lower annual profit and revenue for FY26
The company posted a decline in annual earnings, though fourth-quarter results show a recovery. The board recommended a final dividend of ₹2.25 per share.
Narmadesh Brass profit drops to ₹3.01 cr in FY26
The brass manufacturer reported a decline in annual profit from ₹5.06 cr in the previous year on revenue of ₹87.79 cr.
Rajputana Stainless's first full-year profit rises 25%, declares maiden dividend
The stainless steel maker's first annual results show profit growth outpacing revenue, and its first dividend payout since the March IPO.
Rajputana Stainless posts first post-IPO annual results, recommends dividend
FY26 net profit grew ~25% to ₹49.8 crore on 8% revenue growth. The board recommended a ₹0.50 final dividend.
Steel Exchange India profit surges on ₹287 cr revenue, IMR founder joins board
Q4 net profit jumped to ₹12.37 crore from ₹2.28 crore. The warrant-holding investor's founder now has a director's chair.
Ashirwad Steels profit slips to ₹202.02 lakhs in FY2026
A routine annual filing for the nano-cap reveals a slight earnings contraction with no surprises or dividend payout.
Ashirwad Steels profit slips on higher revenue as costs outpace sales
Net profit fell to ₹202.02 lakhs despite a 14% revenue lift, as the nano-cap's costs moved faster than its top line.
Vaswani Industries plans a fresh preferential share issue
Fresh capital raise follows an already completed round; the board meets May 30 to discuss sizing and pricing alongside annual results.