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Steelco Gujarat Overview

1. Business Overview

Steelco Gujarat Ltd. operates in the Steel & Iron Products sector in India. The company's core business involves the manufacturing and sale of various steel and iron products. While specific product details are not provided, companies in this industry typically produce long products (like rebar, wire rods, structural steel) or flat products (sheets, plates) used in construction, infrastructure, automotive, and manufacturing sectors. Its business model likely focuses on B2B sales to industrial customers, project developers, and distributors. The company generates revenue by selling these manufactured steel and iron goods.

2. Key Segments / Revenue Mix

Specific details regarding Steelco Gujarat Ltd.'s key business segments or revenue mix are not publicly available within the provided information. For a steel company, typical segmentation might include product types (e.g., billets, rebar, structural steel), end-user industries (e.g., construction, manufacturing), or geographic regions.

3. Industry & Positioning

The Indian Steel & Iron Products industry is a critical component of the country's economic growth, driven by infrastructure development, construction, and manufacturing. It is a capital-intensive and cyclical industry. The market comprises large integrated players (e.g., Tata Steel, JSW Steel, SAIL) and numerous secondary steel producers, often regional. Given its name "Steelco Gujarat Ltd.," the company is likely a regional or a secondary steel producer, potentially with a strong operational presence or customer base within Gujarat and neighboring areas. Its positioning would be as a mid-to-small sized player competing on factors like regional presence, product specialization, cost efficiency, and customer service rather than scale against the integrated giants.

4. Competitive Advantage (Moat)

Without specific details, Steelco Gujarat Ltd. is unlikely to possess a strong, wide moat typical of larger, integrated steel producers (e.g., massive scale, captive raw materials). Its competitive advantages, if any, might stem from:

Regional Presence: Strong distribution network and customer relationships within Gujarat and surrounding areas.

Cost Efficiency: Efficient operations in specific product lines or manufacturing processes.

Niche Focus: Specialization in certain steel products or grades that serve particular customer requirements.

Customer Proximity: Ability to provide timely delivery and customized solutions to local industries.

5. Growth Drivers

Key factors that could drive growth for Steelco Gujarat Ltd. over the next 3-5 years include:

Infrastructure Spending: Government impetus on roads, railways, ports, and urban development in India.

Construction Sector Growth: Recovery and growth in residential, commercial, and industrial construction activities.

Manufacturing Expansion: Growth in industries like automotive, capital goods, and consumer durables, which are significant consumers of steel.

Urbanization: Continued urbanization leading to demand for housing and urban infrastructure.

Rising Per Capita Steel Consumption: India's per capita steel consumption is still below the global average, indicating long-term growth potential.

6. Risks

Commodity Price Volatility: Fluctuations in the prices of key raw materials like iron ore, coking coal, and energy can significantly impact profitability.

Cyclical Demand: The steel industry is highly cyclical, sensitive to economic downturns and slowdowns in key end-user sectors like construction and manufacturing.

Intense Competition: Competition from larger domestic players and potential import competition can put pressure on pricing and margins.

Environmental Regulations: Strict environmental norms and compliance costs can impact operational expenditure and capital outlays.

Capital Intensity: The steel industry requires significant capital investment for expansion, modernization, and maintenance, potentially leading to higher debt.

Interest Rate Fluctuations: High debt levels (common in this industry) make the company sensitive to changes in interest rates.

7. Management & Ownership

Specific information on the promoters, management quality, or detailed ownership structure of Steelco Gujarat Ltd. is not provided. In India, many companies, especially in traditional industries, are promoter-led, meaning the founding family or group maintains significant ownership and management control.

8. Outlook

The outlook for Steelco Gujarat Ltd. is largely tied to the broader Indian economic trajectory and the cyclical nature of the steel industry.

Bull Case: A strong and sustained economic recovery in India, coupled with robust infrastructure spending and growth in manufacturing and construction, would create a favorable demand environment. Efficient operations, regional strengths, and effective cost management could enable the company to capture market share and improve profitability.

Bear Case: A slowdown in the Indian economy, particularly in infrastructure and construction, or a sharp increase in raw material costs that cannot be passed on to customers due to intense competition, could negatively impact demand and margins. Increased import pressure or stricter environmental regulations could also pose significant headwinds.

Overall, Steelco Gujarat Ltd. operates in a fundamental industry with long-term growth potential in India, but its performance will be subject to commodity price volatility, economic cycles, and competitive dynamics. Its success will depend on its ability to manage costs, maintain strong customer relationships, and potentially identify niche market opportunities.

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Steelco Gujarat Key Financials

Market Cap ₹80 Cr.

Stock P/E -3.9

P/B -1

Current Price ₹126.5

Book Value ₹ -124.7

Face Value 10

52W High ₹162.6

Dividend Yield 0%

52W Low ₹ 15

Steelco Gujarat Share Price

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Volume
Price

Steelco Gujarat Quarterly Price

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Steelco Gujarat Peer Comparison

Steelco Gujarat Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 2 2 0 19 6
Other Income 2 0 0 0 0 0 0 0 0 0
Total Income 2 0 0 1 1 2 2 0 19 6
Total Expenditure 0 0 1 3 3 3 6 2 24 10
Operating Profit 1 -0 -0 -2 -2 -1 -3 -2 -5 -4
Interest 0 0 3 0 0 4 3 2 2 4
Depreciation 0 0 3 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 169 0 0 0 0 0 0 0
Profit Before Tax 2 -0 163 -3 -3 -6 -8 -5 -8 -9
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 2 -0 163 -3 -3 -6 -8 -5 -8 -9
Adjustments 0 -0 0 -0 -0 0 0 0 0 0
Profit After Adjustments 2 -0 163 -3 -3 -6 -8 -5 -8 -9
Adjusted Earnings Per Share 0.4 -0.1 327.7 -6.4 -6.6 -12.8 -15.5 -9.4 -15.9 -17.5

Steelco Gujarat Profit & Loss

#(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 571 506 531 465 73 0 0 0 0 0 4 27
Other Income 3 3 4 3 1 0 0 0 9 3 1 0
Total Income 574 509 535 467 74 0 0 0 9 4 5 27
Total Expenditure 564 506 537 492 128 0 0 0 3 2 14 42
Operating Profit 11 2 -2 -24 -54 0 0 0 7 2 -9 -14
Interest 21 21 26 23 26 0 0 0 12 3 7 11
Depreciation 3 3 10 7 6 0 0 0 4 3 4 4
Exceptional Income / Expenses 11 22 0 -3 -11 0 0 0 0 170 0 0
Profit Before Tax -3 1 -37 -57 -97 0 0 0 -8 165 -21 -30
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -3 1 -37 -57 -97 0 0 0 -8 165 -21 -30
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -3 1 -37 -57 -97 0 0 0 -8 165 -21 -30
Adjusted Earnings Per Share -0.7 0.2 -8.8 -13.4 -22.9 0 0 0 -2 333.1 -41.4 -58.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% -39%
Operating Profit CAGR -550% 0% 0% NAN%
PAT CAGR -113% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% 298% 135% 39%
ROE Average 0% 0% 0% 0%
ROCE Average -24% 600% 360% 120%

Steelco Gujarat Balance Sheet

#(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 1 2 -120 -186 -284 0 0 0 -107 61 40
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 37 31 49 47 43 0 0 0 47 82 91
Other Non-Current Liabilities 4 4 3 4 4 0 0 0 5 0 0
Total Current Liabilities 199 238 369 367 397 0 0 0 284 18 31
Total Liabilities 240 274 301 231 160 0 0 0 229 161 163
Fixed Assets 49 47 52 62 59 0 0 0 129 136 133
Other Non-Current Assets 15 16 23 13 8 0 0 0 5 1 5
Total Current Assets 176 211 226 156 93 0 0 0 95 24 25
Total Assets 240 274 301 231 160 0 0 0 229 161 163

Steelco Gujarat Cash Flow

#(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 9 10 3 1 1 0 0 0 0 0 0
Cash Flow from Operating Activities 43 10 -30 46 -5 0 0 0 0 44 5
Cash Flow from Investing Activities -2 14 1 -16 2 0 0 0 0 -8 -1
Cash Flow from Financing Activities -41 -21 29 -31 3 0 0 0 -1 -36 -4
Net Cash Inflow / Outflow 1 3 -1 -1 -0 0 0 0 -0 0 0
Closing Cash & Cash Equivalent 10 13 1 1 1 0 0 0 0 0 0

Steelco Gujarat Ratios

# 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) -0.74 0.23 -8.78 -13.41 -22.89 0 0 0 -1.97 333.08 -41.36
CEPS(Rs) -0.03 0.83 -6.5 -11.72 -21.44 0 0 0 -1.15 339.77 -33.2
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -8.4 -8.17 -28.14 -43.67 -66.63 0 0 0 -44.61 -42.42 -81.95
Core EBITDA Margin(%) 1.21 -0.07 -1.07 -5.69 -76.69 0 0 0 0 -434.13 -236.51
EBIT Margin(%) 3.03 4.13 -2.15 -7.27 -97.77 0 0 0 0 0 -315.19
Pre Tax Margin(%) -0.52 0.19 -6.8 -12.06 -134.23 0 0 0 0 0 -491.65
PAT Margin (%) -0.52 0.19 -6.8 -12.06 -134.23 0 0 0 0 0 -491.65
Cash Profit Margin (%) -0.02 0.66 -5.03 -10.54 -125.76 0 0 0 0 0 -394.74
ROA(%) -1.06 0.38 -12.99 -21.43 -49.77 0 0 0 -4.32 84.91 -12.69
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) 17.03 22.72 -15.93 -506.15 0 0 0 0 0 1822.42 -23.57
Receivable days 40.5 51.05 66.18 76.37 398.95 0 0 0 0 0 332.84
Inventory Days 50.79 52.72 53.89 46.05 119.23 0 0 0 0 0 990.75
Payable days 37.2 50.77 92.62 137.48 1079.83 0 0 0 0 0 3445.36
PER(x) 0 17.56 0 0 0 0 0 0 0 0 0
Price/Book(x) -0.61 -0.5 -0.28 -0.16 -0.06 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.25 0.27 0.37 0.37 1.93 0 0 0 0 282.4 22.51
EV/Core EBITDA(x) 13.61 59.79 -92.88 -7.08 -2.59 0 0 0 27.34 43.7 -10.31
Net Sales Growth(%) 7.29 -11.39 4.99 -12.52 -84.38 -100 0 0 -100 0 1255.39
EBIT Growth(%) 14.71 20.15 -153.96 -190.67 -106.15 100 0 0 104.69 4969.2 -107.81
PAT Growth(%) 15.7 131.48 -3888.07 -52.73 -70.71 100 0 0 91.38 2068.7 -112.42
EPS Growth(%) 15.7 131.48 -3888.07 -52.73 -70.71 100 0 0 91.38 0 -112.42
Debt/Equity(x) 172.47 62.03 -1.43 -0.8 -0.44 0 0 0 -0.78 -3.9 -2.24
Current Ratio(x) 0.88 0.89 0.61 0.42 0.23 0 0 0 0.33 1.3 0.82
Quick Ratio(x) 0.49 0.57 0.37 0.34 0.19 0 0 0 0.29 0.66 0.46
Interest Cover(x) 0.85 1.05 -0.46 -1.52 -2.68 0 0 0 0.28 53.81 -1.79
Total Debt/Mcap(x) 4.4 5.52 5.19 5.02 7.69 0 0 0 0 0 0

Steelco Gujarat Shareholding Pattern

# Sep 2019 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75 75 94.64 94.64 94.64 94.64 94.64 94.64 94.64 94.64
FII 0 0 0 0 0 0 0 0 0 0
DII 0.06 0.06 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 24.94 24.94 5.34 5.34 5.34 5.34 5.34 5.34 5.35 5.35
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Steelco Gujarat News

Steelco Gujarat Pros & Cons

Pros

  • Stock is trading at -1 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 0 to 3445.36days.
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