Key Financial Developments
Debt Repayment Details
- Repaid ₹15 crore towards Term Loan facilities
- Represents approximately 5.5% of total outstanding debt
- Follows earlier redemption of ₹43.19 crore towards Non-Convertible Debentures (NCDs)
- Additional ₹28 crore repaid over preceding quarters
- Total debt reduction now stands at approximately ₹86 crore
Debt Reduction Milestone
- Company has discharged and repaid around 25% of its long-term debt since October 2025
- Progress supported by strong operational cash flows and Equity Inflow
Financial Impact
- Lower finance costs expected going forward
- Improved earnings quality anticipated
- Continued progress toward becoming debt-free in the near future
Management Commentary
Management stated: "This step reflects our continued focus on disciplined financial management and strengthening our capital structure. Our approach remains centered on improving efficiency, optimizing capital allocation, and creating a more resilient and scalable platform to support long-term growth."
Company Background
Steel Exchange India Limited (SEIL) is part of the Vizag Profiles Group and manufactures TMT rebars under the brand 'SIMHADRI TMT'. Founded in 1999, the company operates an Integrated Steel Plant & Power Unit in Vizianagaram District, Near Visakhapatnam, with sponge iron, billet, rolling mill, and power generation capacities.
Financial Performance Reference
For FY26, the company reported:
- Total Income: ₹1067.00 Cr
- EBITDA: ₹138.03 Cr
- Net Profit: ₹27.00 Cr