Core Announcement

Magnus Steel & Infra Ltd (MSIL) saw its shares surge to a day‑high of Rs 87.75, triggering a 5% upper‑circuit limit after the stock closed at Rs 83.60 the previous day. The price movement followed the company's empanelment as an approved steel supplier for Tata Motors' upcoming manufacturing facilities in Gujarat and Maharashtra.

Deal and Order Details

MSIL has begun supplying steel through Tata Motors’ project contractor, RIECO Industries Ltd., and has already executed orders worth approximately Rs 8.5 cr during March and April 2026. The company anticipates further orders of about Rs 24 cr to be released in phases during FY27, bringing the total business opportunity from the Tata Motors project to roughly Rs 32.5 cr.

Separately, MSIL completed a transaction‑facilitation mandate for Shun Shing India Pvt. Ltd. valued at Rs 60 cr. From this mandate the firm earned brokerage and commission income of Rs 1.12 cr, which will be recognised in FY27, underscoring its expanding management‑consulting and advisory services alongside its core steel‑trading operations.

Share Price Movement

The stock’s rise to Rs 87.75 represented a 5% upper‑circuit breach, reflecting heightened investor interest after the Tata Motors approval and the disclosed Rs 60 cr deal.

Financial Highlights (Q4 FY26)

  • Revenue from operations increased 386% year‑on‑year to Rs 7.14 cr, up from Rs 1.47 cr in Q4 FY25.
  • EBIDT grew 424% to Rs 1.52 cr, compared with Rs 0.29 cr in the same quarter last year.
  • Net profit surged 591% to Rs 1.52 cr, versus Rs 0.22 cr in Q4 FY25.
  • Earnings per share (EPS) rose 625% to Rs 0.29, up from Rs 0.04 a year earlier.

Management Commentary

Managing Director Chinmay Pradhan stated that becoming an approved steel supplier for Tata Motors provides better revenue visibility and strengthens MSIL’s position in the industrial‑infrastructure sector. He added that the successful completion of the Rs 60 cr transaction‑facilitation mandate highlights the firm’s growing advisory business and that the company will continue to focus on expanding operations and creating long‑term shareholder value.

Company Background

Founded in 1978, Magnus Steel & Infra Ltd has transitioned from retail and information‑technology services to focus on steel trading and infrastructure solutions, serving industrial and development projects.