NMSTEEL
Newmalayalam Steel financials
- Market cap
- ₹41 Cr
- Sector
- Capital Goods
What Newmalayalam Steel Ltd does
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%
Quarterly results
Q4 FY26: revenue up 13.7% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 139 | 154 | 150 | 162 | 158 +14% |
| EBITDA | 3 | 8 | 1 | 6 | 6 +100% |
| Net profit | 0 | 5 | -1 | 4 | 3 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −27.5% 1Y
1Y: ₹32.5 on 10 Sept 2025 → ₹23.55. High ₹36.45 (22 Sept 2025), low ₹18.65 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹11 Cr | ₹18 Cr | ₹24 Cr | ₹28 Cr | ₹65 Cr | ₹68 Cr |
| Borrowings | ₹36 Cr | ₹49 Cr | ₹28 Cr | ₹59 Cr | ₹26 Cr | ₹16 Cr |
| Other liabilities | ₹5 Cr | ₹11 Cr | ₹23 Cr | ₹17 Cr | ₹15 Cr | ₹18 Cr |
| Total liabilities | ₹64 Cr | ₹90 Cr | ₹87 Cr | ₹116 Cr | ₹123 Cr | ₹120 Cr |
| Fixed assets | ₹20 Cr | ₹21 Cr | ₹22 Cr | ₹20 Cr | ₹27 Cr | ₹26 Cr |
| Capital work in progress | ₹1 Cr | ₹2 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹44 Cr | ₹67 Cr | ₹66 Cr | ₹95 Cr | ₹94 Cr | ₹92 Cr |
| Total assets | ₹64 Cr | ₹90 Cr | ₹87 Cr | ₹116 Cr | ₹123 Cr | ₹120 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, DIIs added +2.47 pp while the public trimmed −2.46 pp. The shareholder count shrank 12% to 1,495.
- Promoters
- 73.0%
- DIIs
- 6.0%
- Public
- 21.0%
Since Mar 2025
- DIIs +2.47 pp
- Public −2.46 pp
- Promoters 0.00 pp
How it drifted, 4 quarters
Over this window DIIs went from 0.0% to 6.0% — +6.0 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 73.0%, FIIs 2.5%, Public 24.4%.Mar '25: Promoters 73.0%, DIIs 3.5%, Public 23.4%.Sep '25: Promoters 73.2%, DIIs 6.0%, Public 20.8%.Mar '26: Promoters 73.0%, DIIs 6.0%, Public 21.0%.
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.
- Neomile Growth Fund - Series I AIF newly disclosed 6.01% held
- Cyriac Varghese 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 |
|---|---|---|
| V D Varghese | 36.39% | unchanged |
| Divyakumar Jain | 21.11% | unchanged |
| Ankur Jain | 12.32% | unchanged |
| Neomile Growth Fund - Series I AIF | 6.01% | newly disclosed |
| Mahendra Kumar Jain | 3.08% | unchanged |
| Molly Varghese | 0.06% | unchanged |
| Cyriac Varghese | 0.06% | newly disclosed |
| Aditi Jain | 0.00% | unchanged |
| Sunil Kumar Jain | 0.00% | unchanged |
| Suman Jain | 0.00% | unchanged |
| Sita Jain | 0.00% | unchanged |
| Anuja Jain | 0.00% | unchanged |
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.
Learn to analyse Newmalayalam Steel Ltd
Guides on how to read this kind of business and the numbers that matter.