Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 126.70 | 101.22 | 118.35 | 127.73 | 121.43 | 104.43 | 149.57 | 155.29 | 156.30 | 160.02 | 244.44 | 193.41 |
| Expenses | 121.09 | 95.13 | 114.39 | 121.76 | 116.29 | 101.41 | 141.67 | 149.17 | 150.07 | 153.68 | 234.67 | 185.89 |
| Operating Profit | 5.61 | 6.09 | 3.96 | 5.97 | 5.14 | 3.02 | 7.90 | 6.12 | 6.23 | 6.34 | 9.77 | 7.52 |
| OPM % | 4.43% | 6.02% | 3.35% | 4.67% | 4.23% | 2.89% | 5.28% | 3.94% | 3.99% | 3.96% | 4.00% | 3.89% |
| Other Income | 0.84 | 0.06 | 20.00 | 0.09 | 5.13 | 1.62 | 0.16 | 0.11 | 0.14 | 0.07 | 0.12 | 0.26 |
| Interest | 3.46 | 3.20 | 1.48 | 1.08 | 1.00 | 1.71 | 1.72 | 1.75 | 2.12 | 1.88 | 1.67 | 2.09 |
| Depreciation | 2.16 | 2.17 | 2.28 | 2.30 | 2.33 | 2.40 | 2.54 | 2.59 | 2.62 | 2.62 | 0.77 | 2.21 |
| Profit before tax | 0.83 | 0.78 | 20.20 | 2.68 | 6.94 | 0.53 | 3.80 | 1.89 | 1.63 | 1.91 | 7.45 | 3.48 |
| Tax % | 0.00% | 0.00% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0.82 | 0.79 | 20.13 | 2.69 | 6.94 | 0.53 | 3.80 | 1.89 | 1.63 | 1.91 | 7.45 | 3.48 |
| EPS in Rs | 0.26 | 0.25 | 2.37 | 0.32 | 0.82 | 0.06 | 0.44 | 0.22 | 0.19 | 0.22 | 0.86 | 0.40 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 597 | 382 | 350 | 350 | 38 | 427 | 543 | 727 | 493 | 504 | 716 | 754 |
| Expenses | 648 | 409 | 360 | 399 | 115 | 414 | 515 | 695 | 472 | 481 | 688 | 724 |
| Operating Profit | -50 | -27 | -10 | -48 | -77 | 13 | 28 | 32 | 21 | 23 | 28 | 30 |
| OPM % | -8% | -7% | -3.0% | -14% | -206% | 3.1% | 5% | 4.4% | 4.3% | 4.6% | 4.0% | 4.0% |
| Other Income | 1 | 4 | -73 | -27 | 62 | 201 | -38 | 76 | 23 | 6 | 0 | 1 |
| Interest | 18 | 17 | 14 | 0 | 2 | 7 | 13 | 12 | 12 | 6 | 7 | 8 |
| Depreciation | 24 | 23 | 19 | 8 | 8 | 16 | 13 | 8 | 9 | 10 | 9 | 8 |
| Profit before tax | -91 | -63 | -116 | -83 | -26 | 190 | -36 | 87 | 24 | 14 | 13 | 14 |
| Tax % | 0% | 0% | 2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| Net Profit | -91 | -63 | -118 | -83 | -26 | 190 | -36 | 87 | 24 | 14 | 13 | 14 |
| EPS in Rs | -29.09 | -20.22 | -37.75 | -26.61 | -8.19 | 60.73 | -11.66 | 27.86 | 2.77 | 1.62 | 1.49 | 1.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 2% | 11% | 0% | 42% | ||
| Compounded Profit Growth | 8% | 107% | 2% | 71% | ||
| Stock Price CAGR | 21% | % | 0% | -6% | ||
| Return on Equity | % | % | 9% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 85 | 86 | 86 |
| Reserves | -89 | -180 | -243 | -362 | -445 | -471 | -220 | -256 | -100 | 28 | 42 | 55 |
| Borrowings | 593 | 659 | 672 | 687 | 687 | 687 | 436 | 324 | 122 | 10 | 47 | 54 |
| Other Liabilities | 89 | 48 | 74 | 69 | 77 | 95 | 96 | 98 | 152 | 96 | 91 | 133 |
| Total Liabilities | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 265 | 327 |
| Fixed Assets | 290 | 270 | 250 | 232 | 227 | 222 | 208 | 67 | 66 | 70 | 83 | 98 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 334 | 287 | 283 | 193 | 123 | 121 | 135 | 129 | 139 | 149 | 176 | 223 |
| Total Assets | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 265 | 327 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -18 | 0 | 5 | 0 | 0 | 3 | 196 | -12 | 105 | 24 | -11 | -1 |
| Cash from Investing Activity | 5 | 0 | -3 | 0 | 0 | -2 | 1 | 128 | -6 | -10 | -27 | -22 |
| Cash from Financing Activity | 15 | 0 | -2 | 0 | 0 | 0 | -198 | -118 | -100 | -9 | 32 | 24 |
| Net Cash Flow | 2 | 0 | 0 | 0 | 0 | 1 | -0 | -1 | -0 | 5 | -5 | 1 |
| Free Cash Flow | -14 | 0 | 2 | 0 | 0 | 0 | 193 | -19 | 98 | 11 | -40 | -24 |
| CFO/OP | -433% | 0% | -18% | 0% | 0% | -4% | 1,488% | -42% | 333% | 114% | -48% | -5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 64 | 100 | 33 | 17 | 121 | 16 | 5 | 4 | 12 | 18 | 29 |
| Inventory Days | 54 | 55 | 86 | 16 | 15 | 45 | 11 | 20 | 22 | 29 | 48 | 36 |
| Days Payable | 27 | 3 | 18 | 32 | 32 | 192 | 30 | 29 | 36 | 62 | 80 | 58 |
| Cash Conversion Cycle | 105 | 116 | 168 | 17 | -0 | -26 | -3 | -4 | -10 | -22 | -13 | 6 |
| Working Capital Days | 4 | -6 | -36 | -194 | -217 | -2,214 | -102 | -70 | -38 | -20 | -18 | 2 |
| ROCE % | -5% | -14% | -10% | -5% | -12% | -9% | 3% | 10% | 32% | 17% | 10% | 11% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.47% | 51.47% | 40.32% | 40.32% | 40.32% | 40.32% | 41.30% | 41.30% | 41.30% | 41.30% | 41.30% | 41.30% |
| FIIs | 0.00% | 0.00% | 0.00% | 8.95% | 8.95% | 8.94% | 8.63% | 5.05% | 5.02% | 5.02% | 2.70% | 2.74% |
| DIIs | 8.24% | 8.24% | 2.53% | 2.89% | 2.89% | 2.53% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% |
| Public | 40.29% | 40.30% | 57.15% | 47.84% | 47.85% | 48.22% | 47.58% | 47.58% | 47.61% | 47.61% | 49.92% | 49.88% |
| No. of Shareholders | 12,930 | 12,980 | 13,891 | 15,356 | 22,248 | 24,759 | 26,519 | 27,359 | 27,468 | 26,624 | 26,311 | 26,381 |
Fundamentals
Market Cap₹ 181 Cr.
Current Price₹ 21.0
Stock P/E12.5
Book Value₹ 16.3
ROCE11.0 %
ROE9.56 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)71%
Standalone figures.
Valuation
Market capRs 177 Cr
Enterprise valueRs 228 Cr
P/E (TTM)12.20x
Price to book1.25x
Price to sales0.23x
EV / EBITDA7.49x
EV / EBIT10.25x
EV / sales0.30x
Earnings yield8.20%
P/E, 3-year average17.25x
P/B, 3-year average2.55x
P/E, 5-year average12.96x
P/B, 5-year average1.51x
Profitability
Operating margin (excl. other income)3.97%
Operating margin (incl. other income)4.04%
EBITDA margin4.04%
Pre-tax margin1.92%
Net profit margin1.92%
Net margin, latest quarter1.80%
ROE9.56%
ROCE10.98%
ROA4.34%
ROE, 3-year average43.05%
ROCE, 3-year average21.41%
ROA, 3-year average7.06%
ROE, 5-year average17.50%
ROCE, 5-year average36.42%
ROA, 5-year average10.23%
ROIC (approx.)11.55%
Other income / net worth0.31%
Growth
Sales growth (latest year)41.96%
Profit growth (latest year)-7.81%
Sales CAGR, 3 years-0.48%
Sales CAGR, 5 years10.88%
Profit CAGR, 3 years-47.17%
Profit CAGR, 5 years-41.65%
Sales growth QoQ-20.88%
Profit growth QoQ-53.29%
Sales growth YoY (latest quarter)24.55%
Profit growth YoY (latest quarter)84.13%
Per share
EPS (TTM)Rs 1.68
EPS (latest year)Rs 1.49
EPS (latest quarter)Rs 0.40
EPS, 3-year averageRs 1.96
EPS, 5-year averageRs 4.41
Book value per shareRs 16.33
Sales per shareRs 87.33
Cash flow per shareRs -0.15
Free cash flow per shareRs -2.78
Efficiency
Asset turnover2.19x
Fixed asset turnover7.28x
Inventory turnover11.77x
Inventory days31 days
Debtor days29 days
Debtors turnover12.66x
Creditor days58 days
Cash conversion cycle6 days
Working capital days2 days
Leverage
Total debtRs 54 Cr
Cash and bankRs 2 Cr
Net debtRs 51 Cr
Debt to equity0.38x
Net debt / EBITDA1.69x
Interest coverage2.86x
Owners' fund to total sources43.09%
Debt to assets16.41%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -22 Cr
Cash from Financing Activity (latest year)Rs 24 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -24 Cr
FCFE (approx.: FCF + change in debt)Rs -17 Cr
Cash from ops / profit, 5 years1.03x
Statement figures
Net sales (TTM)Rs 754 Cr
Net sales (latest year)Rs 716 Cr
Sales (latest quarter)Rs 193 Cr
Operating profit excl. other income (latest year)Rs 28 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 30 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs 14 Cr
Net profit (TTM)Rs 14 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 658 Cr
Total expenditure (latest year)Rs 688 Cr
Total income (latest year)Rs 716 Cr
Share capitalRs 86 Cr
ReservesRs 55 Cr
Shareholders' fundsRs 141 Cr
Total assetsRs 327 Cr
Net blockRs 98 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 0 Cr
ReceivablesRs 57 Cr
InventoryRs 56 Cr
Other liabilitiesRs 133 Cr
Shares outstanding (crore)8.64
Ownership
Promoter holding41.30% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.2 is at the 35th percentile of its own 3.3-year range
(median 14.5, low 0.9, high 32.6).
P/B 1.25 is at the 7th percentile (median 1.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 504903 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.4% | -2.8% | -2.6 pts |
| 1 month | -18.2% | -6.8% | -11.4 pts |
| 3 months | +8.4% | -7.6% | +16.1 pts |
| 3 years | -3.2% | +14.2% | -17.3 pts |
| 5 years | +873.3% | +27.9% | +845.4 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 23% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 176% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹193 Cr +24.5% vs Jun 2025.
Net profit ₹3 Cr +84.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Rathi Steel & Power Ltd?
Rathi Steel & Power Ltd (504903) has a market capitalisation of Rs 181 Cr. at the 2026-10-01 close.
What is the P/E ratio of Rathi Steel & Power Ltd?
Rathi Steel & Power Ltd trades at a P/E of 12.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Rathi Steel & Power Ltd's latest quarterly results?
In the Jun 2026 quarter, Rathi Steel & Power Ltd sales was Rs 193 Cr (+24.5% vs Jun 2025) and net profit was Rs 3 Cr.