Key Financial Performance - Annual FY26

Revenue Performance:

  • Annual Revenue: ₹4,200 crore, representing 37% growth compared to ₹3,068 crore in FY25
  • Growth supported by record sales volumes

Sales Volume:

  • Annual Sales Volume: 532,437 MT, increased by 10% compared to 485,447 MT in FY25
  • This represents the company's highest-ever annual performance

Profitability Metrics:

  • Total Comprehensive Income: ₹76.58 crore, increased by 5% compared to ₹72.85 crore in FY25
  • EBITDA: ₹173.55 crore, increased by 8% compared to ₹160.03 crore in FY25
  • EBITDA per ton: ₹3,260, decreased by 1% compared to ₹3,297 in FY25 (attributed to challenging global environment)

Key Financial Performance - Q4 FY26

Revenue Performance:

  • Quarterly Revenue: ₹1,480 crore, representing 102% growth compared to ₹734 crore in Q4 FY25
  • Growth driven by robust demand in infrastructure and construction sectors

Sales Volume:

  • Quarterly Sales Volume: 147,125 MT, increased by 27% compared to 116,032 MT in Q4 FY25

Profitability Metrics:

  • Total Comprehensive Income: ₹18 crore, compared to ₹17.50 crore in Q4 FY25
  • EBITDA: ₹46.32 crore, increased by 33% compared to ₹34.93 crore in Q4 FY25
  • The performance underscores focus on cost optimization and value-added products

Financial Health Indicators

Working Capital Management:

  • Net Working Capital Days: 56 days (increased from 52 days previously)

Leverage Position:

  • Debt-to-Equity Ratio: 0.18 in FY26 compared to 0.15 in FY25
  • The ratio reflects comfortable financial position and provides sufficient financial flexibility for future expansion plans

Management Commentary

Mr. Ajay Kumar Bansal, Chairman and Managing Director, commented on the performance:

Current Performance Highlights:

  • Delivered resilient performance in FY26 with sales volumes reaching 5.32 lakh tonnes
  • Revenue growth of 37% to ₹4,200 crore
  • EBITDA improvement of 8% to ₹174 crore
  • Supported by operational efficiencies, improved product mix, and higher contribution from value-added products
  • Value-added products now account for 39% of overall business mix
  • Maintained stable profitability with Total Comprehensive Income of ₹77 crore
  • Continued maintenance of healthy balance sheet

Growth Strategy and Expansion Plans:

  • Company has initiated next phase of growth with vision to achieve 2 million tonnes capacity by FY29
  • Plan includes addition of 1 million tonnes incremental capacity
  • Key strategic projects include:
  • DFT facility at Sanand
  • API pipes facility
  • Fully integrated Hindupur plant
  • These projects are progressing as planned and expected to strengthen company's presence in high-value and specialized product segments

Industry Outlook:

  • Company remains optimistic on long-term outlook for steel tubes and pipes industry
  • Driven by strong demand from:
  • Infrastructure
  • Renewable energy
  • Construction
  • Water transportation
  • Industrial sectors
  • Continued focus on operational efficiency, sustainability, and value-added product growth

Company Overview

Business Description:

  • One of India's leading steel processing companies with nearly four decades of experience
  • Provides innovative products including:
  • Steel pipes
  • Hollow sections
  • Tubes
  • Cold rolled coils & strips
  • Road crash barriers
  • Solar mounting structures
  • GP/GC Sheets
  • Color Coated Coils
  • Variety of other galvanised products

Manufacturing Facilities:

  • Six (6) state-of-the-art integrated manufacturing facilities located at:
  • Sikandrabad (UP)
  • Sanand (Gujarat)
  • Hindupur (AP) - near Bangalore
  • Khopoli (Maharashtra)
  • Current installed capacity: 1,050,000 MTPA on consolidated basis
  • Capacity expansion target: 2 million tonnes by FY29

Market Presence:

  • Direct marketing presence in over 20 states
  • More than 500+ dealers & distributors across India

Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially. The company undertakes no obligation to update these forward-looking statements.