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Last Updated: April 2, 2026, 3:43 am
Author: Getaka|Social: XLinkedIn

Steel Exchange India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹5.86Overvalued by 23.20%vs CMP ₹7.63

P/E (49.1) × ROE (2.4%) × BV (₹6.02) × DY (2.00%)

₹5.48Overvalued by 28.18%vs CMP ₹7.63
MoS: -39.2% (Negative)Confidence: 50/100 (Moderate)Models: 2 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3.8930%Over (-49%)
Graham NumberEarnings₹4.8022%Over (-37.1%)
Net Asset ValueAssets₹6.0210%Over (-21.1%)
EV/EBITDAEnterprise₹6.6212%Over (-13.2%)
Earnings YieldEarnings₹1.7010%Over (-77.7%)
ROCE CapitalReturns₹11.1010%Under (+45.5%)
Revenue MultipleRevenue₹9.147%Under (+19.8%)
Consensus (7 models)₹5.48100%Overvalued
Key Drivers: EPS CAGR -33.6% drags value — could be higher if earnings stabilize. | ROE 2.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -33.6%

*Investments are subject to market risks

Investment Snapshot

41
Steel Exchange India Ltd scores 41/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health44/100 · Moderate
ROCE 9.8% AverageROE 2.4% WeakD/E 5.07 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.32% MF buyingPromoter holding at 50.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -9% YoY DecliningProfit (4Q): -53% YoY Declining
Industry Rank25/100 · Weak
P/E 49.1 vs industry 22.3 Premium to peersROCE 9.8% vs industry 8.8% AverageROE 2.4% vs industry 7.1% Below peers3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:43 am

Market Cap 952 Cr.
Current Price 7.63
Intrinsic Value₹5.48
High / Low 11.6/6.97
Stock P/E49.1
Book Value 6.02
Dividend Yield0.00 %
ROCE9.84 %
ROE2.43 %
Face Value 1.00
PEG Ratio-1.46

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Steel Exchange India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Steel Exchange India Ltd 952 Cr. 7.63 11.6/6.9749.1 6.020.00 %9.84 %2.43 % 1.00
Beekay Steel Industries Ltd 685 Cr. 359 607/32011.2 5540.28 %7.86 %6.45 % 10.0
SAL Steel Ltd 552 Cr. 38.1 50.0/14.4 3.010.00 %7.05 %5.62 % 10.0
Visa Steel Ltd 383 Cr. 29.6 73.7/27.0 1060.00 %5.46 %% 10.0
Aerpace Industries Ltd 370 Cr. 24.1 32.5/16.7 3.080.00 %11.5 %15.3 % 1.00
Industry Average47,622.23 Cr296.8422.32160.060.39%8.78%7.09%7.50

All Competitor Stocks of Steel Exchange India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 304.12398.22251.25269.45256.32312.15264.04261.06327.51291.42300.00231.76240.35
Expenses 303.58363.10230.91250.41232.95278.53238.86234.22288.06258.63268.60204.29217.89
Operating Profit 0.5435.1220.3419.0423.3733.6225.1826.8439.4532.7931.4027.4722.46
OPM % 0.18%8.82%8.10%7.07%9.12%10.77%9.54%10.28%12.05%11.25%10.47%11.85%9.34%
Other Income 3.110.850.910.801.291.082.220.250.2716.614.951.150.51
Interest 23.2741.9720.7918.3519.2719.4618.8918.4417.9419.2718.8919.2813.71
Depreciation 5.806.085.895.135.185.105.935.935.925.807.237.236.98
Profit before tax -25.42-12.08-5.43-3.640.2110.142.582.7215.8624.3310.232.112.28
Tax % 0.00%252.73%0.00%0.00%0.00%-94.77%0.00%0.00%0.00%80.39%0.00%0.00%0.00%
Net Profit -25.42-42.61-5.43-3.650.2119.752.582.7215.864.7610.232.112.28
EPS in Rs -0.29-0.41-0.05-0.030.000.160.020.020.130.040.090.020.02

Last Updated: March 3, 2026, 2:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2521,5621,6581,2719221,0247818981,0991,3751,0881,1401,064
Expenses 1,1241,3871,5061,1979331,0007107649931,2799891,016949
Operating Profit 12717515274-1124711341069798124114
OPM % 10%11%9%6%-1%2%9%15%10%7%9%11%11%
Other Income 71211-46-39-1-17720521923
Interest 801281231571361032688106787571
Depreciation 15252730293027432424212427
Profit before tax 393514-159-215-173914314-2814639
Tax % 8%18%46%-1%-21%114%-64%2%-704%108%-757%43%
Net Profit 36287-157-170-3764140116-59112619
EPS in Rs 0.690.550.14-2.07-2.24-0.480.851.741.32-0.570.090.220.17
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-22.22%-75.00%-2342.86%-8.28%78.24%272.97%118.75%-17.14%-150.86%118.64%136.36%
Change in YoY Net Profit Growth (%)0.00%-52.78%-2267.86%2334.58%86.52%194.74%-154.22%-135.89%-133.72%269.51%17.72%

Steel Exchange India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:8%
3 Years:1%
TTM:7%
Compounded Profit Growth
10 Years:-1%
5 Years:-19%
3 Years:-37%
TTM:78%
Stock Price CAGR
10 Years:10%
5 Years:21%
3 Years:-13%
1 Year:-32%
Return on Equity
10 Years:-1%
5 Years:6%
3 Years:-1%
Last Year:4%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 525276767676768088104120120125
Reserves 266323288222521580222403413542586626
Borrowings 3997136929821,0691,0211,014438458359382358358
Other Liabilities 624774811436337315217249168256224220275
Total Liabilities 1,3421,8631,8681,7161,5331,4281,3879891,1171,1321,2681,2841,384
Fixed Assets 350614591695717691666612596579570613602
CWIP 946535454467133033
Investments 35000000000000
Other Assets 9481,2021,223966811732717371514540668668778
Total Assets 1,3421,8631,8681,7161,5331,4281,3879891,1171,1321,2681,2841,384

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 14791166-149506037795138-4897
Cash from Investing Activity + -46-34-9-6-2-3-2139-14-49-15
Cash from Financing Activity + -102-49-163151-49-58-10-116-1-12098-81
Net Cash Flow -18-5-4-0-125-2313411
Free Cash Flow 10156158-1554957349215124-9782
CFO/OP 116%52%105%-200%-460%252%52%59%5%142%-49%78%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-272.00-538.00-540.00-908.00-12.0023.0070.00-304.00-352.00-262.00-284.00-234.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 627259623914182231305962
Inventory Days 2181951902152682573441009888123126
Days Payable 185169153364559654933455258
Cash Conversion Cycle 959996241262212297749573129129
Working Capital Days 315-4-56-172-159-19140351510382
ROCE %17%18%13%4%-3%-0%5%11%10%8%8%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.94%55.92%55.92%55.92%55.41%49.57%52.91%52.91%52.91%52.91%50.80%50.80%
FIIs 4.52%4.30%4.01%3.87%1.47%0.69%0.69%0.69%0.72%0.42%0.29%0.30%
DIIs 0.75%0.66%0.66%0.66%1.26%1.26%1.26%1.26%1.26%1.58%2.58%2.58%
Government 0.30%0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.25%0.25%
Public 43.48%38.86%39.13%39.29%41.61%48.23%44.88%44.88%44.86%44.83%46.07%46.06%
No. of Shareholders 73,14879,46198,4701,40,7832,70,1472,87,0553,00,1223,08,5373,15,1243,11,0583,11,9143,04,644

Shareholding Pattern Chart

No. of Shareholders

Steel Exchange India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.0010.0010.00
Basic EPS (Rs.) 0.220.09-0.7113.4218.27
Diluted EPS (Rs.) 0.220.09-0.7113.3418.27
Cash EPS (Rs.) 0.410.26-0.3315.9220.48
Book Value[Excl.RevalReserv]/Share (Rs.) 4.273.792.8332.1210.12
Book Value[Incl.RevalReserv]/Share (Rs.) 5.895.524.8455.7537.62
Revenue From Operations / Share (Rs.) 9.559.0913.35124.82111.76
PBDIT / Share (Rs.) 1.200.830.9714.3517.38
PBIT / Share (Rs.) 1.000.660.7411.6514.31
PBT / Share (Rs.) 0.370.01-0.271.6417.74
Net Profit / Share (Rs.) 0.210.09-0.5613.2217.41
PBDIT Margin (%) 12.559.227.3211.4915.55
PBIT Margin (%) 10.497.265.569.3312.80
PBT Margin (%) 3.970.11-2.041.3115.87
Net Profit Margin (%) 2.260.99-4.2310.5915.57
Return on Networth / Equity (%) 5.072.40-19.9741.16171.98
Return on Capital Employeed (%) 12.397.8710.3312.2614.99
Return On Assets (%) 2.010.85-5.1910.4214.15
Long Term Debt / Equity (X) 0.470.750.771.215.07
Total Debt / Equity (X) 0.700.840.811.255.07
Asset Turnover Ratio (%) 0.890.901.231.040.75
Current Ratio (X) 1.912.081.201.431.46
Quick Ratio (X) 0.940.950.460.580.58
Inventory Turnover Ratio (X) 3.802.693.473.451.48
Interest Coverage Ratio (X) 1.931.290.961.435.32
Interest Coverage Ratio (Post Tax) (X) 1.351.140.442.324.28
Enterprise Value (Cr.) 1268.502017.551632.192450.85911.88
EV / Net Operating Revenue (X) 1.111.851.182.231.01
EV / EBITDA (X) 8.8320.0916.0519.406.53
MarketCap / Net Operating Revenue (X) 0.811.521.021.920.56
Price / BV (X) 1.823.654.807.476.19
Price / Net Operating Revenue (X) 0.811.521.021.920.56
EarningsYield 0.020.01-0.040.050.27

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Steel Exchange India Ltd. is a Public Limited Listed company incorporated on 24/02/1999 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L74100TG1999PLC031191 and registration number is 031191. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 1144.02 Cr. and Equity Capital is Rs. 119.76 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SteelD. No:1-65/K/60, Plot No: 60, 01st Floor, Hyderabad Telangana 500081Contact not found
Management
NamePosition Held
Mr. Bandi Satish KumarChairman & Managing Director
Mr. Bandi Suresh KumarJoint Managing Director
Mr. Mohit Sai Kumar BandiWhole Time Director
Mr. Y Siva Sagar RaoIndependent Director
Mr. Veera Brahma Rao ArekapudiIndependent Director
Mrs. Bhagyam RamaniIndependent Director
Mr. Subbarao Venkata MunnangIndependent Director
Mr. Ram Mohan NagojiNominee Director

FAQ

What is the intrinsic value of Steel Exchange India Ltd and is it undervalued?

As of 16 April 2026, Steel Exchange India Ltd's intrinsic value is ₹5.48, which is 28.18% lower than the current market price of ₹7.63, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.43 %), book value (₹6.02), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Steel Exchange India Ltd?

Steel Exchange India Ltd is trading at ₹7.63 as of 16 April 2026, with a FY2026-2027 high of ₹11.6 and low of ₹6.97. The stock is currently near its 52-week low. Market cap stands at ₹952 Cr..

How does Steel Exchange India Ltd's P/E ratio compare to its industry?

Steel Exchange India Ltd has a P/E ratio of 49.1, which is above the industry average of 22.32. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Steel Exchange India Ltd financially healthy?

Key indicators for Steel Exchange India Ltd: ROCE of 9.84 % is on the lower side compared to the industry average of 8.78%; ROE of 2.43 % is below ideal levels (industry average: 7.09%). Dividend yield is 0.00 %.

Is Steel Exchange India Ltd profitable and how is the profit trend?

Steel Exchange India Ltd reported a net profit of ₹26 Cr in Mar 2025 on revenue of ₹1,140 Cr. Compared to ₹116 Cr in Mar 2022, the net profit shows a declining trend.

Does Steel Exchange India Ltd pay dividends?

Steel Exchange India Ltd has a dividend yield of 0.00 % at the current price of ₹7.63. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Steel Exchange India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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