RATHIST
Rathi Steel & Power financials
- Market cap
- ₹171 Cr
Quarterly results
Q4 FY26: revenue up 63.4%, net profit up 96.1% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 128 | 121 | 104 | 150 | 155 +22% | 156 +29% | 160 +53% | 244 +63% |
| EBITDA | 6 | 5 | 3 | 8 | 6 +3% | 6 +21% | 6 +110% | 10 +24% |
| Net profit | 3 | 7 | 1 | 4 | 2 −30% | 2 −77% | 2 +260% | 7 +96% |
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 −10.3% 1Y
1Y: ₹24.52 on 10 Sept 2025 → ₹22. High ₹28.43 (15 Dec 2025), low ₹13.8 (30 Mar 2026).
Financials, as filed
Revenue grew 20.5% a year over 2 years, FY24 to FY26. Operating margin held at 4.0%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹493 Cr | ₹503 Cr | ₹716 Cr |
| Operating profit | ₹21 Cr | ₹22 Cr | ₹28 Cr |
| Operating margin | 4.2% | 4.4% | 4.0% |
| Interest | ₹12 Cr | ₹6 Cr | ₹7 Cr |
| Depreciation | ₹9 Cr | ₹10 Cr | ₹9 Cr |
| Net profit | ₹24 Cr | ₹14 Cr | ₹13 Cr |
| Net margin | 4.8% | 2.8% | 1.8% |
| Cash from operations | ₹24 Cr | ₹-11 Cr | ₹-1 Cr |
| Free cash flow | ₹11 Cr | ₹-40 Cr | ₹-24 Cr |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹85 Cr | ₹95 Cr | ₹95 Cr |
| Reserves | ₹-220 Cr | ₹-256 Cr | ₹-100 Cr | ₹28 Cr | ₹45 Cr | ₹55 Cr |
| Borrowings | ₹436 Cr | ₹324 Cr | ₹122 Cr | ₹10 Cr | ₹37 Cr | ₹45 Cr |
| Other liabilities | ₹96 Cr | ₹98 Cr | ₹152 Cr | ₹96 Cr | ₹122 Cr | ₹132 Cr |
| Total liabilities | ₹343 Cr | ₹196 Cr | ₹205 Cr | ₹220 Cr | ₹299 Cr | ₹327 Cr |
| Fixed assets | ₹208 Cr | ₹67 Cr | ₹66 Cr | ₹70 Cr | ₹78 Cr | ₹98 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹14 Cr | ₹5 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹135 Cr | ₹129 Cr | ₹139 Cr | ₹149 Cr | ₹207 Cr | ₹223 Cr |
| Total assets | ₹343 Cr | ₹196 Cr | ₹205 Cr | ₹220 Cr | ₹299 Cr | ₹327 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 Jun 2026
Since Jun 2025, FIIs trimmed −2.31 pp while the public added +2.30 pp. The shareholder count shrank 4% to 26,381.
- Promoters
- 41.3%
- FIIs
- 2.7%
- DIIs
- 2.5%
- Government
- 3.6%
- Public
- 49.9%
Since Jun 2025
- FIIs −2.31 pp
- Public +2.30 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 51.5% to 41.3% — −10.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 51.5%, DIIs 8.2%, Public 40.3%.Dec '23: Promoters 51.5%, DIIs 8.2%, Public 40.3%.Mar '24: Promoters 40.3%, DIIs 2.5%, Public 57.1%.Jun '24: Promoters 40.3%, FIIs 8.9%, DIIs 2.9%, Public 47.8%.Sep '24: Promoters 40.3%, FIIs 8.9%, DIIs 2.9%, Public 47.9%.Dec '24: Promoters 40.3%, FIIs 8.9%, DIIs 2.5%, Public 48.2%.Mar '25: Promoters 41.3%, FIIs 8.6%, DIIs 2.5%, Public 47.6%.Jun '25: Promoters 41.3%, FIIs 5.0%, DIIs 2.5%, Government 3.6%, Public 47.6%.Sep '25: Promoters 41.3%, FIIs 5.0%, DIIs 2.5%, Government 3.6%, Public 47.6%.Dec '25: Promoters 41.3%, FIIs 5.0%, DIIs 2.5%, Government 3.6%, Public 47.6%.Mar '26: Promoters 41.3%, FIIs 2.7%, DIIs 2.5%, Government 3.6%, Public 49.9%.Jun '26: Promoters 41.3%, FIIs 2.7%, DIIs 2.5%, Government 3.6%, Public 49.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Udit Rathi Ur newly disclosed 1.34% 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 Jun 2026 filing
Every holder of Rathi Steel & Power Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Pcr Holdings Private Limited | 26.41% | unchanged |
| Pradeep Kumar Rathi Pkr | 9.11% | unchanged |
| Asg Trading Pvt Ltd. | 6.53% | unchanged |
| Dbg Leasing And Housing Limited | 4.44% | unchanged |
| Enforcement Directorate Raipur | 3.59% | unchanged |
| Ebisu Global Opportunities Fund Limited FPI fund | 1.88% | unchanged |
| Sammys Dreamland Co Private Limited | 1.65% | unchanged |
| Udit Rathi Ur | 1.34% | newly disclosed |
| First Rate Investments Private Limited | 1.31% | unchanged |
| Canara Bank-Mumbai Bank | 1.26% | unchanged |
| Lauls Limited | 1.08% | unchanged |
| Udit Rathi | — | 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.
Learn to analyse Rathi Steel & Power Ltd
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