Steel & Iron Products · Founded 1985 · www.sarbatisteel.com · BSE 526977 · · ISIN INE318P01016
No Notes Added Yet
Business
Crimson Metal Engineering Company Ltd. is presumed to be involved in the manufacturing, processing, and sale of various steel and iron products. Its core business model would typically involve procuring raw materials (such as iron ore, coal, and scrap), converting them through metallurgical processes into semi-finished or finished steel and iron goods, and supplying these to a diverse range of end-user industries. The company generates revenue by selling these products, which could include long products (e.g., rebar, wire rods), flat products (e.g., sheets, plates), pipes, tubes, castings, or other value-added steel components. Its operations would likely serve sectors such as construction, infrastructure, automotive, manufacturing, capital goods, and potentially export markets.
Revenue Mix
Without specific company data, the exact segments and their contributions are unknown. However, a typical Indian steel and iron products company might operate in segments such as:
Long Products: Used primarily in construction and infrastructure (e.g., rebar, wire rods, structural steel).
Flat Products: Used in automotive, consumer durables, and general manufacturing (e.g., hot-rolled coils, cold-rolled coils, galvanized sheets).
Value-Added Products: Special steels, pipes, tubes, or custom fabricated components for specific industrial applications.
Pig Iron / Billets: Semi-finished products sold to other steelmakers or foundries.
Revenue mix would depend on the company's manufacturing capabilities, product portfolio, and market strategy.
Industry
The Indian Steel & Iron Products industry is a critical component of the nation's economy, characterized by its capital-intensive nature, cyclicality, and significant domestic demand driven by infrastructure development and urbanization. The industry consists of large integrated players, mid-sized producers, and numerous smaller, often regional, units. Positioning for Crimson Metal Engineering Company Ltd. would depend on factors such as its production capacity, product specialization (commodity vs. value-added), cost structure (e.g., level of raw material integration, energy efficiency), geographic presence (regional vs. national), and customer base. Companies compete on price, quality, delivery timelines, and product range. India is a net exporter of steel but also faces competition from imports, particularly in specific product categories.
MOAT
A durable competitive advantage for a steel and iron products company can be challenging to establish due to the commodity nature of many products. Potential moats could include:
Cost Leadership: Achieved through highly integrated operations (e.g., captive iron ore mines, coal linkages), large scale of production, advanced manufacturing technology, or efficient logistics.
Product Specialization: Focus on niche, high-margin, value-added steel products that require specific technical expertise and fewer competitors.
Locational Advantage: Proximity to key raw material sources or major consumption centers, reducing transportation costs.
Strong Customer Relationships: Long-standing supply agreements or preferred supplier status with large industrial clients.
Whether Crimson possesses any of these would require specific company information.
Growth Drivers
Key factors that can drive growth for Crimson Metal Engineering Company Ltd. over the next 3-5 years, assuming alignment with broader industry trends, include:
Government Infrastructure Spending: Sustained investments in roads, railways, ports, airports, and urban development projects.
Real Estate & Construction Boom: Growth in housing, commercial, and industrial construction activities.
"Make in India" Initiative: Increased domestic manufacturing activity across various sectors (automotive, capital goods, consumer durables) driving steel demand.
Urbanization: Expansion of cities leading to higher demand for steel in construction and municipal infrastructure.
Exports: Potential to capitalize on global demand cycles and competitive production costs (if applicable).
Product Diversification: Moving towards higher-margin, value-added, and specialty steel products.
Risks
Crimson Metal Engineering Company Ltd. faces several inherent risks common to the steel industry:
Cyclicality: The steel industry is highly cyclical, sensitive to economic downturns, which can lead to reduced demand and pricing pressure.
Raw Material Price Volatility: Fluctuations in the prices of key raw materials like iron ore, coking coal, and natural gas can significantly impact production costs and profitability.
Energy Costs: Steel manufacturing is energy-intensive, making the company susceptible to increases in power and fuel prices.
Overcapacity & Competition: Potential for global or domestic oversupply leading to intense price competition from both domestic players and imports.
Environmental Regulations: Increasing stringency of environmental norms and compliance costs related to emissions and waste management.
Interest Rate Fluctuations: High capital expenditure often necessitates significant debt, making the company vulnerable to rising interest rates.
Management & Ownership
In India, companies like Crimson Metal Engineering Company Ltd. are often promoter-led, meaning a founding family or group maintains significant ownership and management control. The quality of management would typically be assessed based on their strategic vision, operational efficiency, capital allocation decisions, and track record during various industry cycles. The ownership structure would likely involve the promoter group holding a substantial stake, with the remaining shares distributed among institutional investors (domestic and foreign) and the public.
Outlook
The outlook for Crimson Metal Engineering Company Ltd. is likely balanced, reflecting both the opportunities and challenges within the Indian steel sector. The bull case rests on the robust long-term demand fundamentals driven by India's ongoing economic growth, massive infrastructure push, and rising urbanization, which collectively underpin consumption of steel products. Government initiatives aimed at boosting manufacturing and domestic production also provide a favorable backdrop. However, the bear case highlights the inherent cyclicality of the steel industry, vulnerability to volatile raw material and energy prices, intense domestic and international competition, and potential for overcapacity. The capital-intensive nature of operations also means companies are sensitive to interest rate movements and require careful capital allocation. Crimson's performance will depend on its ability to manage these industry-specific challenges, optimize its cost structure, potentially diversify into higher-value products, and capitalize effectively on India's growth trajectory.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 2 | 3 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 2 | 2 | 3 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Total Expenditure | 1 | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | -3.2 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 44 | 46 | 46 | 33 | 10 | 7 | 9 | 10 | 8 | 8 | 10 | 8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 45 | 46 | 46 | 33 | 10 | 7 | 9 | 10 | 8 | 8 | 10 | 8 |
| Total Expenditure | 40 | 42 | 42 | 29 | 6 | 4 | 5 | 5 | 4 | 4 | 5 | 4 |
| Operating Profit | 4 | 4 | 5 | 4 | 4 | 3 | 5 | 5 | 4 | 4 | 4 | 4 |
| Interest | 3 | 2 | 3 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -1 | -0 | 2 | 0 | 0 |
| Profit After Tax | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | -1 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | -1 | 0 | 0 |
| Adjusted Earnings Per Share | 2 | 1.1 | 1.3 | 1.3 | 0.3 | 0.2 | 0.9 | 1.8 | 0.7 | -3 | 0.3 | 0.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 25% | 0% | 7% | -14% |
| Operating Profit CAGR | 0% | -7% | 6% | 0% |
| PAT CAGR | 0% | -100% | 0% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -12% | 45% | 27% | 14% |
| ROE Average | 2% | -5% | 1% | 7% |
| ROCE Average | 8% | 8% | 8% | 10% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 3 | 4 | 5 | 5 | 5 | 5 | 6 | 6 | 7 | 5 | 6 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 17 | 4 | 17 | 19 | 14 | 24 | 22 | 21 | 17 | 12 | 14 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 3 |
| Total Current Liabilities | 18 | 31 | 7 | 7 | 2 | 2 | 9 | 7 | 9 | 11 | 13 |
| Total Liabilities | 40 | 40 | 29 | 32 | 22 | 34 | 39 | 36 | 33 | 31 | 35 |
| Fixed Assets | 14 | 13 | 13 | 15 | 14 | 13 | 25 | 23 | 23 | 26 | 28 |
| Other Non-Current Assets | 1 | 1 | 1 | 1 | 2 | 15 | 1 | 3 | 3 | 1 | 1 |
| Total Current Assets | 24 | 25 | 15 | 16 | 7 | 6 | 13 | 11 | 6 | 4 | 6 |
| Total Assets | 40 | 40 | 29 | 32 | 22 | 34 | 39 | 36 | 33 | 31 | 35 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 3 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 2 | 5 | 7 | -2 | 6 | 13 | 3 | 3 | 7 | 6 | -0 |
| Cash Flow from Investing Activities | 0 | 0 | -0 | -3 | -0 | -13 | -1 | -1 | -3 | -2 | -4 |
| Cash Flow from Financing Activities | -2 | -3 | -3 | -0 | -5 | 0 | -2 | -2 | -4 | -4 | 5 |
| Net Cash Inflow / Outflow | -0 | 2 | 3 | -6 | 0 | -0 | 0 | 0 | -0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 1 | 3 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.95 | 1.1 | 1.25 | 1.31 | 0.26 | 0.18 | 0.88 | 1.78 | 0.73 | -3.01 | 0.3 |
| CEPS(Rs) | 4.09 | 3.25 | 3.44 | 3.81 | 2.79 | 2.71 | 4.58 | 5.58 | 4.54 | 1.11 | 4.97 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 7.86 | 8.96 | 10.21 | 11.52 | 11.78 | 11.96 | 12.84 | 14.62 | 15.35 | 12.34 | 12.64 |
| Core EBITDA Margin(%) | 9.27 | 8.03 | 9.59 | 11.43 | 34.05 | 44.44 | 48.36 | 48.69 | 49.75 | 45.8 | 44.28 |
| EBIT Margin(%) | 7.59 | 6.52 | 7.75 | 8.52 | 25 | 29.08 | 30.96 | 31.76 | 29.17 | 24.26 | 23.48 |
| Pre Tax Margin(%) | 1.59 | 1.57 | 1.8 | 1.76 | 1.45 | 1.3 | 1.25 | 1.06 | 1.44 | 2.19 | 1.9 |
| PAT Margin (%) | 1.95 | 0.98 | 1.21 | 1.75 | 1.16 | 1.08 | 4.18 | 8.19 | 3.98 | -16.1 | 1.41 |
| Cash Profit Margin (%) | 4.09 | 2.89 | 3.31 | 5.08 | 12.56 | 16.55 | 21.67 | 25.65 | 24.65 | 5.93 | 23.01 |
| ROA(%) | 2 | 1.23 | 1.61 | 1.9 | 0.42 | 0.28 | 1.08 | 2.1 | 0.94 | -4.2 | 0.41 |
| ROE(%) | 27.51 | 13.1 | 13.07 | 12.08 | 2.22 | 1.49 | 7.12 | 12.97 | 4.9 | -21.75 | 2.44 |
| ROCE(%) | 9.68 | 11.5 | 16.5 | 12.52 | 11.05 | 8.36 | 8.98 | 8.96 | 7.46 | 7.26 | 8.16 |
| Receivable days | 132.45 | 102.16 | 90.73 | 75.18 | 183.93 | 135.76 | 271.64 | 369.84 | 280.51 | 0 | 128.86 |
| Inventory Days | 44.64 | 42.75 | 22.92 | 20.83 | 58.25 | 62.7 | 47.63 | 46.24 | 54.57 | 51.14 | 36.15 |
| Payable days | 72.37 | 34.24 | 49.98 | 72.18 | 28.88 | 167 | 166.74 | 105.87 | 158.23 | 206.55 | 202.74 |
| PER(x) | 0 | 6.78 | 5.42 | 0 | 27.46 | 53.45 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0.83 | 0.66 | 0 | 0.6 | 0.79 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.78 | 0.4 | 0.3 | 0.69 | 1.86 | 3.94 | 3.54 | 3.23 | 3.41 | 2.89 | 3 |
| EV/Core EBITDA(x) | 8.04 | 4.4 | 3.05 | 5.85 | 5.11 | 8.85 | 7.31 | 6.56 | 6.84 | 6.24 | 6.66 |
| Net Sales Growth(%) | -28.07 | 3.19 | 0.59 | -27.73 | -70.36 | -26.41 | 28.98 | 3.01 | -15.26 | 1.41 | 15.58 |
| EBIT Growth(%) | -8.13 | -3.41 | 9.65 | -20.56 | -12.99 | -14.39 | 37.3 | 5.69 | -22.17 | -15.68 | 11.85 |
| PAT Growth(%) | 37.39 | -43.57 | 13.8 | 4.8 | -80.28 | -31.7 | 399.49 | 101.66 | -58.82 | -510.38 | 110.11 |
| EPS Growth(%) | 37.39 | -43.57 | 13.8 | 4.8 | -80.28 | -31.71 | 399.55 | 101.66 | -58.82 | -510.36 | 110.11 |
| Debt/Equity(x) | 8.97 | 4.5 | 3.73 | 3.67 | 2.97 | 4.61 | 5.1 | 4.18 | 3.46 | 3.57 | 4.37 |
| Current Ratio(x) | 1.35 | 0.8 | 2.29 | 2.25 | 2.93 | 2.63 | 1.42 | 1.44 | 0.76 | 0.35 | 0.45 |
| Quick Ratio(x) | 0.92 | 0.68 | 2.01 | 1.98 | 2.37 | 2.12 | 1.28 | 1.27 | 0.61 | 0.24 | 0.39 |
| Interest Cover(x) | 1.26 | 1.32 | 1.3 | 1.26 | 1.06 | 1.05 | 1.04 | 1.03 | 1.05 | 1.1 | 1.09 |
| Total Debt/Mcap(x) | 0 | 5.39 | 5.6 | 0 | 4.93 | 5.84 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +25% | 0% | +7% | -14% |
| Operating Profit CAGR | 0% | -7% | +6% | 0% |
| PAT CAGR | — | -100% | — | -100% |
| Share Price CAGR | -12% | +45% | +27% | +14% |
| ROE Average | +2% | -5% | +1% | +7% |
| ROCE Average | +8% | +8% | +8% | +10% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 | 43.48 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 | 56.52 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.