Price
Financials
Standalone, Rs crore| Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 139 | 154 | 150 | 162 | 158 |
| Expenses | 136 | 146 | 149 | 156 | 152 |
| Operating Profit | 3 | 8 | 1 | 6 | 6 |
| OPM % | 2.2% | 5% | 0.6% | 3.8% | 3.5% |
| Other Income | 2 | 1 | 1 | 2 | 1 |
| Interest | 2 | 2 | 2 | 1 | 2 |
| Depreciation | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 7 | -1 | 6 | 4 |
| Tax % | 25% | 25% | -18% | 27% | 27% |
| Net Profit | 0 | 5 | -1 | 4 | 3 |
| EPS in Rs | 0.37 | 4.10 | -0.45 | 2.44 | 1.65 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 300 | 318 | 354 | 300 | 304 | 320 |
| Expenses | 290 | 310 | 347 | 292 | 302 | 312 |
| Operating Profit | 9 | 7 | 7 | 8 | 2 | 8 |
| OPM % | 3.1% | 2.3% | 2.0% | 2.5% | 0.8% | 2.4% |
| Other Income | 5 | 6 | 5 | 3 | 2 | 3 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 10 | 9 | 8 | 6 | -1 | 6 |
| Tax % | 20% | 26% | 25% | 25% | 0% | 0% |
| Net Profit | 8 | 7 | 6 | 4 | -1 | 6 |
| EPS in Rs | 603.95 | 532.02 | 474.31 | 3.38 | -0.54 | 3.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 1% | -3% | 5% | ||
| Compounded Profit Growth | % | -6% | -3% | 692% | ||
| Stock Price CAGR | % | % | % | -25% | ||
| Return on Equity | % | 9% | 5% | 7% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 17 | 17 |
| Reserves | 11 | 18 | 24 | 28 | 61 | 68 |
| Borrowings | 36 | 49 | 28 | 59 | 18 | 16 |
| Other Liabilities | 5 | 11 | 23 | 17 | 12 | 18 |
| Total Liabilities | 64 | 90 | 87 | 116 | 109 | 120 |
| Fixed Assets | 20 | 21 | 22 | 20 | 20 | 26 |
| CWIP | 1 | 2 | 0 | 1 | 8 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 44 | 67 | 66 | 95 | 81 | 92 |
| Total Assets | 64 | 90 | 87 | 116 | 109 | 120 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 12 | -4 | 31 | -22 | 26 | 4 |
| Cash from Investing Activity | -1 | -6 | -1 | -0 | -7 | -3 |
| Cash from Financing Activity | -11 | 10 | -24 | 28 | -11 | -5 |
| Net Cash Flow | 0 | 0 | 7 | 6 | 7 | -4 |
| Free Cash Flow | 11 | -8 | 31 | -23 | 17 | 1 |
| CFO/OP | 149% | -19% | 459% | -266% | 1,075% | 71% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 16 | 21 | 11 | 26 | 31 | 23 |
| Inventory Days | 17 | 40 | 40 | 62 | 32 | 40 |
| Days Payable | 0 | 8 | 19 | 11 | 9 | 14 |
| Cash Conversion Cycle | 33 | 53 | 31 | 77 | 55 | 49 |
| Working Capital Days | 26 | 29 | 21 | 19 | 41 | 46 |
| ROCE % | 17% | 15% | 11% | 3% | 8% |
| Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 73.02% | 73.02% | 73.23% | 73.02% |
| FIIs | 2.55% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 3.54% | 6.01% | 6.01% |
| Public | 24.43% | 23.44% | 20.77% | 20.98% |
| No. of Shareholders | 2,226 | 1,694 | 1,601 | 1,495 |
Fundamentals
Market Cap₹ 38.0 Cr.
Current Price₹ 22.0
Stock P/E6.90
Book Value₹ 49.4
ROCE8.35 %
ROE6.73 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)692%
Standalone figures.
Valuation
Market capRs 41 Cr
Enterprise valueRs 90 Cr
P/E (TTM)6.04x
Price to book1.35x
Price to sales0.13x
EV / EBITDA6.89x
EV / EBIT7.66x
EV / sales0.28x
Earnings yield16.57%
Profitability
Operating margin (excl. other income)2.31%
Operating margin (incl. other income)4.10%
EBITDA margin4.10%
Pre-tax margin2.85%
Net profit margin2.12%
ROE25.08%
ROCE16.82%
ROA8.71%
ROIC (approx.)10.99%
Tax rate25.55%
Other income / net worth18.84%
Growth
Sales growth (latest year)5.98%
Profit growth (latest year)-11.91%
Per share
EPS (TTM)Rs 3.89
EPS (latest year)Rs 532.12
Book value per shareRs 17.47
Sales per shareRs 183.72
Cash flow per shareRs -2.16
Free cash flow per shareRs 0.58
Efficiency
Asset turnover3.53x
Fixed asset turnover15.39x
Inventory turnover9.20x
Inventory days40 days
Debtor days21 days
Debtors turnover17.37x
Creditor days14 days
Cash conversion cycle49 days
Working capital days46 days
Leverage
Total debtRs 49 Cr
Cash and bankRs 0 Cr
Net debtRs 49 Cr
Debt to equity1.63x
Net debt / EBITDA3.77x
Interest coverage4.39x
Owners' fund to total sources33.55%
Debt to assets54.65%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years1.59x
Statement figures
Net sales (TTM)Rs 318 Cr
Net sales (latest year)Rs 318 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 306 Cr
Total expenditure (latest year)Rs 310 Cr
Total income (latest year)Rs 323 Cr
Share capitalRs 13 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 30 Cr
Total assetsRs 90 Cr
Net blockRs 21 Cr
Capital work in progressRs 2 Cr
ReceivablesRs 18 Cr
InventoryRs 33 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)1.73
Ownership
Promoter holding73.02%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | NMSTEEL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.8% | -2.8% | +9.6 pts |
| 1 month | +2.2% | -6.8% | +9.0 pts |
| 3 months | -2.1% | -7.6% | +5.5 pts |
| 6 months | -19.0% | +0.4% | -19.4 pts |
| 1 year | -22.4% | -9.9% | -12.5 pts |
Red flags
F-score 3 of 8| explain | High accruals Profit exceeded operating cash by 12% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 35% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 151% vs sales +6% in 2026 |
| look | Profit leans on other income Other income was 63% of pre-tax profit in 2026 |
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
Mar 2026Sales ₹158 Cr +13.7% vs Mar 2024.
Net profit ₹3 Cr.
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Newmalayalam Steel Ltd?
Newmalayalam Steel Ltd (NMSTEEL) has a market capitalisation of Rs 38.0 Cr. at the 2026-09-30 close.
What is the P/E ratio of Newmalayalam Steel Ltd?
Newmalayalam Steel Ltd trades at a P/E of 6.90 on trailing twelve-month profit, at the 2026-09-30 close.
What were Newmalayalam Steel Ltd's latest quarterly results?
In the Mar 2026 quarter, Newmalayalam Steel Ltd sales was Rs 158 Cr (+13.7% vs Mar 2024) and net profit was Rs 3 Cr.
What is the 52-week high and low of Newmalayalam Steel Ltd?
The 52-week high is Rs 37.00 and the 52-week low is Rs 17.40.