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 | 119.18 | 102.57 | 98.50 | 98.13 | 99.05 | 94.72 | 91.21 | 87.54 | 92.63 | 98.11 | 105.96 | 93.97 |
| Expenses | 115.24 | 100.72 | 92.88 | 92.84 | 94.15 | 89.49 | 91.12 | 87.74 | 89.45 | 93.70 | 102.20 | 85.78 |
| Operating Profit | 3.94 | 1.85 | 5.62 | 5.29 | 4.90 | 5.23 | 0.09 | -0.20 | 3.18 | 4.41 | 3.76 | 8.19 |
| OPM % | 3.31% | 1.80% | 5.71% | 5.39% | 4.95% | 5.52% | 0.10% | -0.23% | 3.43% | 4.49% | 3.55% | 8.72% |
| Other Income | 1.16 | 1.66 | 1.07 | 0.68 | 0.94 | 0.53 | 0.56 | 1.04 | 0.74 | 0.67 | 0.53 | 0.64 |
| Interest | 2.13 | 1.93 | 1.41 | 1.39 | 1.37 | 1.51 | 1.34 | 1.47 | 1.14 | 1.44 | 1.36 | 1.03 |
| Depreciation | 2.02 | 2.02 | 2.04 | 2.01 | 2.01 | 2.01 | 2.02 | 1.99 | 1.99 | 2.00 | 2.01 | 2.00 |
| Profit before tax | 0.95 | -0.44 | 3.24 | 2.57 | 2.46 | 2.24 | -2.71 | -2.62 | 0.79 | 1.64 | 0.92 | 5.80 |
| Tax % | 25.26% | -27.27% | 25.00% | 25.29% | 27.64% | 25.89% | -24.72% | -26.72% | 30.38% | 25.61% | 331.52% | 25.17% |
| Net Profit | 0.71 | -0.32 | 2.44 | 1.91 | 1.78 | 1.66 | -2.03 | -1.92 | 0.55 | 1.23 | -2.12 | 4.34 |
| EPS in Rs | 0.37 | -0.17 | 1.28 | 1.00 | 0.93 | 0.87 | -1.06 | -1.01 | 0.29 | 0.64 | -1.11 | 2.27 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 290 | 329 | 396 | 453 | 330 | 339 | 574 | 489 | 428 | 383 | 384 | 391 |
| Expenses | 292 | 311 | 379 | 430 | 327 | 316 | 498 | 473 | 412 | 368 | 373 | 371 |
| Operating Profit | -2 | 18 | 16 | 23 | 4 | 23 | 76 | 16 | 16 | 16 | 11 | 20 |
| OPM % | -0.6% | 5% | 4.2% | 5% | 1.2% | 7% | 13% | 3.2% | 3.7% | 4.0% | 2.9% | 5% |
| Other Income | 3 | 4 | 5 | 2 | 2 | 4 | 4 | 1 | 4 | 3 | 3 | 3 |
| Interest | 11 | 14 | 13 | 14 | 14 | 10 | 6 | 7 | 8 | 6 | 5 | 5 |
| Depreciation | 8 | 8 | 8 | 8 | 8 | 7 | 8 | 8 | 8 | 8 | 8 | 8 |
| Profit before tax | -19 | 0 | 0 | 4 | -15 | 10 | 67 | 2 | 4 | 5 | 1 | 9 |
| Tax % | -33% | -16% | -41% | 33% | 112% | 0% | 12% | 28% | 24% | 27% | 405% | |
| Net Profit | -13 | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 3 | 3 | -2 | 4 |
| EPS in Rs | -6.60 | 0.15 | 0.29 | 1.34 | -16.88 | 5.14 | 30.71 | 0.72 | 1.56 | 1.75 | -1.18 | 2.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 0% | 0% | 172% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | 3% | -8% | 5% | ||
| Compounded Profit Growth | 6% | % | % | 884% | ||
| Stock Price CAGR | 30% | 26% | 26% | -2% | ||
| Return on Equity | 3% | 8% | 1% | -1% |
| 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 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 115 | 102 | 102 | 102 | 104 | 73 | 83 | 141 | 135 | 138 | 141 | 132 |
| Borrowings | 56 | 62 | 70 | 70 | 69 | 72 | 55 | 28 | 76 | 40 | 50 | 35 |
| Other Liabilities | 111 | 86 | 120 | 110 | 89 | 89 | 121 | 111 | 65 | 38 | 32 | 38 |
| Total Liabilities | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 | 224 |
| Fixed Assets | 116 | 108 | 101 | 96 | 90 | 82 | 75 | 73 | 71 | 65 | 57 | 52 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 185 | 160 | 209 | 205 | 192 | 170 | 202 | 226 | 224 | 169 | 184 | 172 |
| Total Assets | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 | 224 |
| 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 | 11 | 3 | 6 | 14 | 14 | 7 | 29 | 38 | -30 | 40 | -5 | 29 |
| Cash from Investing Activity | -4 | 1 | 1 | -1 | 0 | 3 | -0 | -3 | -6 | 5 | 1 | -3 |
| Cash from Financing Activity | -6 | -6 | -6 | -14 | -14 | -10 | -28 | -32 | 34 | -45 | 4 | -26 |
| Net Cash Flow | 2 | -1 | 1 | -0 | 0 | 0 | 1 | 2 | -3 | 0 | 0 | -0 |
| Free Cash Flow | 7 | 3 | 5 | 11 | 13 | 7 | 31 | 35 | -37 | 38 | -5 | 25 |
| CFO/OP | 112% | -155% | 27% | 100% | 62% | 186% | 127% | 50% | -171% | 236% | -9% | 251% |
| 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 | 28 | 31 | 48 | 34 | 22 | 28 | 36 | 26 | 33 | 35 | 44 | 45 |
| Inventory Days | 155 | 188 | 219 | 173 | 155 | 205 | 237 | 159 | 156 | 142 | 175 | 161 |
| Days Payable | 127 | 128 | 177 | 129 | 97 | 128 | 182 | 89 | 51 | 27 | 27 | 30 |
| Cash Conversion Cycle | 56 | 90 | 89 | 78 | 81 | 105 | 91 | 97 | 138 | 150 | 191 | 176 |
| Working Capital Days | -3 | -16 | 2 | 8 | 12 | 11 | 26 | 51 | 56 | 80 | 100 | 98 |
| ROCE % | 2% | -4% | 7% | 7% | 9% | -2% | 11% | 41% | 4% | 6% | 5% | 3% |
| 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 | 74.90% | 74.90% | 74.90% | 74.91% | 74.87% | 74.86% | 74.38% | 73.81% | 73.81% | 73.81% | 73.81% | 73.81% |
| DIIs | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% |
| Public | 21.16% | 21.16% | 21.16% | 21.17% | 21.20% | 21.21% | 21.69% | 22.26% | 22.26% | 22.26% | 22.26% | 22.25% |
| No. of Shareholders | 3,187 | 3,173 | 3,063 | 2,844 | 2,814 | 2,746 | 2,774 | 2,695 | 2,603 | 2,565 | 2,541 | 2,506 |
Fundamentals
Market Cap₹ 561 Cr.
Current Price₹ 290
Stock P/E140
Book Value₹ 79.0
ROCE3.10 %
ROE-1.48 %
Dividend Yield1.03 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)884%
Standalone figures.
Valuation
Market capRs 549 Cr
Enterprise valueRs 583 Cr
P/E (TTM)137.13x
Price to book3.64x
Price to sales1.40x
EV / EBITDA26.35x
EV / EBIT41.29x
EV / sales1.49x
Price to cash flow19.21x
Earnings yield0.73%
P/E, 3-year average85.46x
P/B, 3-year average2.33x
P/E, 5-year average91.20x
P/B, 5-year average2.09x
Profitability
Operating margin (excl. other income)2.90%
Operating margin (incl. other income)3.68%
EBITDA margin5.66%
Pre-tax margin2.34%
Net profit margin1.02%
Net margin, latest quarter4.62%
ROE-1.45%
ROCE3.11%
ROA-0.97%
ROE, 3-year average0.85%
ROCE, 3-year average4.55%
ROA, 3-year average0.52%
ROE, 5-year average9.64%
ROCE, 5-year average12.00%
ROA, 5-year average4.47%
ROIC (approx.)-23.29%
Tax rate405.41%
Other income / net worth1.98%
Growth
Sales growth (latest year)0.30%
Profit growth (latest year)-167.87%
Sales CAGR, 3 years-7.70%
Sales CAGR, 5 years2.54%
Sales growth QoQ-11.32%
Sales growth YoY (latest quarter)7.35%
Per share
EPS (TTM)Rs 2.10
EPS (latest year)Rs -1.18
EPS (latest quarter)Rs 2.27
EPS, 3-year averageRs 0.71
EPS, 5-year averageRs 6.71
Book value per shareRs 78.99
Sales per shareRs 204.77
Cash flow per shareRs 14.97
Free cash flow per shareRs 13.10
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.50
Dividends
Dividend payout, 3-year average171.77%
Dividend payout, 5-year average92.40%
Efficiency
Asset turnover1.71x
Fixed asset turnover7.41x
Inventory turnover2.85x
Inventory days128 days
Debtor days45 days
Debtors turnover8.08x
Creditor days30 days
Cash conversion cycle176 days
Working capital days98 days
Leverage
Total debtRs 35 Cr
Cash and bankRs 1 Cr
Net debtRs 34 Cr
Debt to equity0.23x
Net debt / EBITDA1.56x
Interest coverage2.84x
Owners' fund to total sources67.15%
Debt to assets15.69%
Cash flow
Cash from Operating Activity (latest year)Rs 29 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -26 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 25 Cr
FCFE (approx.: FCF + change in debt)Rs 11 Cr
Cash from ops / profit, 5 years1.12x
Sales to cash flow13.45x
Statement figures
Net sales (TTM)Rs 391 Cr
Net sales (latest year)Rs 384 Cr
Sales (latest quarter)Rs 94 Cr
Operating profit excl. other income (latest year)Rs 11 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 22 Cr
PBDT (TTM)Rs 17 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs -2 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 343 Cr
Total expenditure (latest year)Rs 373 Cr
Total income (latest year)Rs 387 Cr
Share capitalRs 19 Cr
ReservesRs 132 Cr
Shareholders' fundsRs 151 Cr
Total assetsRs 224 Cr
Net blockRs 52 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 48 Cr
InventoryRs 120 Cr
Other liabilitiesRs 38 Cr
Shares outstanding (crore)1.91
Ownership
Promoter holding73.81% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 137.1 is at the 60th percentile of its own 7.2-year range
(median 126.6, low 4.0, high 395.1).
P/B 3.64 is at the 91th percentile (median 1.65).
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 | PANCHMAHQ | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.7% | -2.8% | -3.0 pts |
| 1 month | -3.8% | -6.8% | +2.9 pts |
| 3 years | +99.1% | +14.2% | +84.9 pts |
| 5 years | +230.5% | +27.9% | +202.6 pts |
Red flags
F-score 5 of 8| look | Profit leans on other income Other income was 403% 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
Jun 2026Sales ₹94 Cr +7.3% vs Jun 2025.
Net profit ₹4 Cr +326.0%.
Against our estimate for Jun 2026: sales -2.3%, profit +741.4% big beat. Our estimate for Sep 2026: sales Rs 104 Cr, profit Rs 1 Cr (how).
Activity
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| 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 % |
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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 days
Quick answers
What is the market cap of Panchmahal Steel Ltd?
Panchmahal Steel Ltd (PANCHMAHQ) has a market capitalisation of Rs 561 Cr. at the 2026-10-01 close.
What is the P/E ratio of Panchmahal Steel Ltd?
Panchmahal Steel Ltd trades at a P/E of 140 on trailing twelve-month profit, at the 2026-10-01 close.
What were Panchmahal Steel Ltd's latest quarterly results?
In the Jun 2026 quarter, Panchmahal Steel Ltd sales was Rs 94 Cr (+7.3% vs Jun 2025) and net profit was Rs 4 Cr.
What is the 52-week high and low of Panchmahal Steel Ltd?
The 52-week high is Rs 339.00 and the 52-week low is Rs 253.95.