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Rathi Steel & Power share price & results

Rathi Steel & Power Ltd· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Jun 2026

Ghaziabad (NCR)-based steel maker of stainless-steel billets, wire rods, flats and rebars, plus mild-steel TMT bars, using an integrated melting-and-rolling plant with direct billet-charging technology.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue193 ₹ crore+24.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin3.9 %−0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit3.5 ₹ crore+84.1% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity10.76 %+2.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-3.44 %+3.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)42.10 %+39.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 3 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

Rathi Steel & Power Ltd management guidance track record on Inve: 12 targets tracked across analysed earnings calls (2 achieved, 1 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
Cost of DebtRefinance high-cost 18% working capital loan in the coming financial year (FY26)
Call transcript, Q3 FY25 · 19 Feb 2025		Q3 FY25Q1 FY27:Promise achieved in prior quarter. Management is now looking to refinance the current 16% loan.
Call transcript, Q1 FY27 · 18 Aug 2026		Achieved
Product Launch (SS Rebars 8-32mm)Launch full range of stainless steel rebars in Q1 FY26
Call transcript, Q3 FY25 · 19 Feb 2025		Q3 FY25Q1 FY27:No mention of the specific SS rebar launch. Stainless steel volumes were reported as softer, but this specific product was not discussed.
Call transcript, Q1 FY27 · 18 Aug 2026		Ghosted
Steel Melting Shop UtilizationRamp up capacity utilization from 60% to 80%
Call transcript, Q4 FY25 · 2 Jun 2025		Q4 FY25Q1 FY27:No current utilization number provided. Management stated they will look to expand capacity once utilization reaches 70-75%, but did not update on progress towards the 80% target.
Call transcript, Q1 FY27 · 18 Aug 2026		At Risk

Source: Inve Guidance Tracker for Rathi Steel & Power Ltd · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Rathi Steel & Power Ltd's 12 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.

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Price

₹18.31 +2.01% · +₹0.36

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −26.4% 1Y

₹15.0₹20.0₹25.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 18 Feb 2026Q4 FY26 — 3 Jun 2026Q1 FY27 — 18 Aug 2026

1Y: ₹24.89 on 24 Oct 2025 → ₹18.31. High ₹28.43 (15 Dec 2025), low ₹13.8 (30 Mar 2026).

Previous close
₹17.95
Market cap
₹171 Cr
52-week range
₹13.8 – ₹28.43
One year
−26.14%
Price to earnings (TTM to Jun 2026)
11.82×
Return on equity (TTM to Jun 2026)
10.76%

Overview

Symbol
NSE:RATHIST
Industry
Industrials
Exchange
NSE
Currency
INR

What Rathi Steel & Power Ltd does

Based on the company's own presentations, annual report and earnings calls.

Rathi Steel and Power Limited (RSPL) manufactures stainless steel billets, wire rods, flats and rebars, and mild-steel TMT bars (sold under the Rathi Powertech brand), at an integrated ~12.5-acre facility in Ghaziabad, NCR. A Steel Melting Shop converts raw material into billets that are fed directly into an in-house Rolling Mill, making RSPL India's only stainless-steel wire rod producer using direct billet-charging technology. TMT bars are sold primarily in the NCR region, while stainless steel products are distributed across multiple states through a dealer network spanning 7 states.

Segments

  • Steel Melting (stainless steel billets)
  • Rolling Mill (wire rods, flats, rebars, TMT bars)
Manufacturing facility
1 integrated plant in Ghaziabad (NCR), ~12.5 acres
Steel melting capacity
~85,000 TPA
Rolling mill capacity
2,00,000 TPA
Capacity utilization (FY26)
Steel Melting Shop ~53%; Rolling Mill ~51.5%
FY26 rolled-product volume
1,02,972 tonnes
FY26 billet production
45,452 tonnes
Founded 1971Headquarters New Delhi, India Company website

How the price took the results

close before → close after

Q1 FY27
−0.4%
18 Aug
Q4 FY26
+4.3%
3 Jun
Q3 FY26
−0.9%
18 Feb
Q2 FY26
−0.4%
19 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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