Newmalayalam Steel share price & results
- Mar 2026
- Mar 2026
Thrissur (Kerala) manufacturer of galvanised steel pipes, tubes, coils and sheets, plus hot-rolled MS tubes, sold under the 'Demac Steel' brand to South India's construction and roofing market.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 158 | +5.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 3.5 | +2.9 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.0 | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | +7.4 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 0.39 | −5.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −31.7% 1Y
1Y: ₹32.6 on 24 Oct 2025 → ₹22.25. High ₹36.25 (3 Dec 2025), low ₹18.65 (30 Mar 2026).
- Previous close
- ₹22.25
- Market cap
- ₹41 Cr
- 52-week range
- ₹18.65 – ₹36.25
- One year
- −30.36%
- Price to earnings (FY ending Mar 2026)
- 8.12×
- Return on equity (FY ending Mar 2026)
- 6.13%
Overview
- Symbol
- NSE:NMSTEEL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Newmalayalam Steel Ltd does
Based on the company's own presentations, annual report and earnings calls.
NewMalayalam Steel Limited manufactures galvanised (GI/GP) pipes, tubes, coils and sheets, and hot-rolled MS tubes (circular, square and rectangular) at an integrated facility in Thrissur, Kerala, running 3 ERW tube mills. Products are sold under the 'Demac Steel' brand through a dealer network across Kerala to contractors, builders and homeowners for construction, roofing, plumbing and industrial applications. The Thrissur site sits near Cochin Port and Cochin International Airport, which the company uses for domestic distribution logistics.
Segments
- Galvanised pipes & tubes
- Galvanised sheets & coils
- Hot-rolled MS tubes (Demac range)
- Installed manufacturing capacity
- 72,000 MTPA
- Manufacturing facility
- 1 integrated plant, Thrissur, Kerala (3 ERW tube mills)
- Capacity utilization
- 67%
- Dealer network
- 150+
- Employees
- 150
- Market share of GP pipes & tubes in Kerala
- 15%
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +400% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 139 | 154 | 150 | 162 | 158 |
| Expenses | 136 | 146 | 149 | 156 | 152 |
| Operating profit | 3 | 8 | 1 | 6 | 6 |
| Operating margin | 2.2% | 5.0% | 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 rate | 25.0% | 25.0% | −18.0% | 27.0% | 28.0% |
| Net profit | 0 | 5 | -1 | 4 | 3 |
| EPS (₹ per share) | 0.37 | 4.10 | -0.45 | 2.44 | 1.63 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 17 | 17 | 17 |
| Reserves | 18 | 24 | 28 | 61 | 65 | 68 |
| Borrowings | 49 | 28 | 59 | 18 | 26 | 16 |
| Other liabilities | 11 | 23 | 17 | 12 | 15 | 18 |
| Total liabilities | 90 | 87 | 116 | 109 | 123 | 120 |
| Fixed assets | 21 | 22 | 20 | 20 | 27 | 26 |
| Capital work in progress | 2 | 0 | 1 | 8 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 67 | 66 | 95 | 81 | 94 | 92 |
| Total assets | 90 | 87 | 116 | 109 | 123 | 120 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 12 | -4 | 31 | -22 | 26 | 4 |
| Cash from investing | -1 | -6 | -1 | 0 | -7 | -3 |
| Cash from financing | -11 | 10 | -24 | 28 | -11 | -4 |
| Net cash flow | 0 | 0 | 7 | 6 | 7 | -3 |
| Free cash flow | 11 | -8 | 31 | -23 | 17 | 1 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor days | 31 | 23 |
| Inventory days | 32 | 40 |
| Days payable | 9 | 14 |
| Cash conversion cycle | 55 | 49 |
| Working capital days | 41 | 46 |
| Return on capital employed | — | 8.0% |
| Dividend payout | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 73.02% as of Mar 2026; institutions added 0.00 pts since Sept 2025.
- Promoters 73.02%
- Foreign institutions 0.00%
- Domestic institutions 6.01%
- Public 20.98%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- AIF newly disclosed 6.01% held
- newly disclosed 0.06% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Newmalayalam Steel Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 36.39% | unchanged | |
| 21.11% | unchanged | |
| 12.32% | unchanged | |
| AIF | 6.01% | newly disclosed |
| 3.08% | unchanged | |
| 0.06% | unchanged | |
| 0.06% | newly disclosed | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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