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Inducto Steel Ltd (INDCTST) · mywealthgrid

Inducto Steel Ltd

BSE:INDCTST

IndustrialsIndustrial Products

₹62.5

+3.14%1 Oct close

Mkt cap

₹25 Cr

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About

Inducto Steel Ltd operates in Iron & Steel Products within the Industrials sector.

Face value: ₹10

Market cap

₹25 Cr

P/E

131.6×

P/B

0.6×

Dividend yield

ROE

1.4%

ROCE

7.9%

Debt / equity

0.23

OPM

1.8%

EPS (TTM)

₹0.5

Book value

₹99.6

52-week high

—

52-week low

—

1,572 historical price candles were omitted because the exchange source has not been verified.

₹62.5+4.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 124.1% over the last 5 years
+High promoter holding of 69.3% with no pledge

Cons

−Low return on equity of -2.4% (3-yr avg)
−Thin operating margin of 1.8%
−Profit declined 2.4% a year over the last 3 years
−Weak interest coverage of 1.3×
−Expensive at 131.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 20
Growth: 45
Valuation: 45

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	26	22	76	46	3	57	90	104	159	166
COGS	—	43	0	2	2	50	86	97	157	155
Gross profit	—	-21	—	43	1	7	4	7	1	11
	28	-20	74	45	1	4	3	4	4	8
	-2	-1	2	-1	-0	3	2	2	-3	3
OPM %	-7.2%	-3.9%	2.1%	-2.9%	-12.3%	5%	1.8%	2.2%	-1.6%	1.8%
Depreciation	0	0	0	0	0	0	0	0	0	0
Interest	2	0	1	0	0	0	1	4	2	2
	4	2	0	2	-1	0	1	2	0	0
Profit before tax	1	0	1	0	-1	3	1	0	-5	1
Tax	0	0	0	0	0	0	0	0	-1	0
Tax %	30.6%	38.5%	43.4%	25%	0%	12.1%	42.6%	34.6%	-20.5%	26.4%
	1	0	0	0	-1	2	1	0	-4	1
PAT margin %	2.3%	1.1%	0.6%	0.4%	-47.4%	3.9%	0.6%	0.2%	-2.4%	0.3%
EPS (₹)	1.5	0.6	1.1	0.4	-3.5	5.6	2.9	0.4	-9.3	1.3
EPS adjusted (₹)	—	0.6	1.1	0.5	-3.5	5.6	1.4	0.4	-9.3	1.3
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	4	4	4	4	4
Reserves	37	37	38	36	38	39	39	35	36
	—	—	—	5	5	16	3	16	9
	0	12	0	0	35	1	1	1	93
Total equity & liabilities	41	53	42	45	83	59	47	57	142
	1	1	3	2	3	3	2	4	4
CWIP	0	—	—	0	—	0	0	0	0
Investments	—	—	—	39	22	35	25	22	21
	40	52	39	4	58	22	20	31	117
Total assets	41	53	42	45	83	59	47	57	142

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	95.2%	23.5%	12.3%	4.6%	6.4%	0.9%	6.4%
EBITDA margin %	2.1%	-2.9%	-12.3%	5%	1.8%	2.2%	-1.6%	1.8%
EBIT margin %	1.9%	-3.3%	-20.5%	4.7%	1.5%	2%	-1.8%	1.6%
PAT margin %	0.6%	0.4%	-47.4%	3.9%	0.6%	0.2%	-2.4%	0.3%
Working capital
Receivable days	8	14	12	94	10	11	24	20
Inventory days	72	27	18	149	37	46	32	162
Payable days	53	2	0	245	0	0	1	205
NWC days	27	39	30	-2	47	57	55	-23
Leverage
Current ratio	—	—	0.18	1.37	1.18	4.45	1.58	1.11
Debt to EBITDA	—	—	—	1.74	9.86	1.49	—	3.1
Debt to equity	—	—	0.11	0.12	0.36	0.08	0.42	0.23
Interest coverage	1.9	3.9	-2	9.4	2.1	1.1	-1.2	1.3
Asset turnover	1.43	1.09	0.07	0.7	1.51	2.2	2.8	1.17
Return ratios
Return on assets %	0.8%	0.4%	-3.1%	2.7%	1%	0.3%	-6.6%	0.4%
Return on capital employed %	3.4%	0.7%	-1.1%	7%	4.4%	8.8%	-6%	7.9%
Return on equity %	1%	0.4%	-3.5%	5.3%	1.3%	0.4%	-9.4%	1.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%	69.32%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%	30.68%
No. of shareholders	—	—	—	—	—	—	—	—	2,711	2,545	2,445	2,412

Promoter holding up 0 percentage points since Sep 2023.

Mr. RAJEEV SHANTISARUP RENIWALExecutive Director-Chairperson-MD
Mrs. SWEETY RAJEEV RENIWALNon-Executive - Non Independent Director
Mr. MANOHAR HANUMANTS WAGHNon-Executive - Independent Director
Mr. TEJASBHAI HIMMATBHAI THAKKERNon-Executive - Independent Director
Mr. Umesh Govindbhai RathodChief Financial Officer
Mrs. Diana PaliaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Inducto Steel Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that Acuite Rating and Research Limited, vide its press release dated March 19, 2026 has reaffirmed its ....20 Mar 2026 from Acuite

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

7 announcementsExport CSV

30 Sept 2026, 5:29 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 12:59 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 1:34 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

7 Sept 2026, 6:04 pmCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

General PDF

7 Sept 2026, 6:00 pmAGM/EGM

Intimation Of Cut-Off Date And Remote E-Voting For The Purpose Of 38Th Annual General Meeting ('AGM')

AGM PDF

7 Sept 2026, 5:51 pmAGM/EGM

Notice Of The 38Th Annual General Meeting ('AGM') Of Inducto Steel Limited

AGM PDF

7 Sept 2026, 4:55 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 12:59 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	95.2%	23.5%	12.3%	4.6%	6.4%	0.9%	6.4%
EBITDA margin %	2.1%	-2.9%	-12.3%	5%	1.8%	2.2%	-1.6%	1.8%
EBIT margin %	1.9%	-3.3%	-20.5%	4.7%	1.5%	2%	-1.8%	1.6%
PAT margin %	0.6%	0.4%	-47.4%	3.9%	0.6%	0.2%	-2.4%	0.3%
Working capital
Receivable days	8	14	12	94	10	11	24	20
Inventory days	72	27	18	149	37	46	32	162
Payable days	53	2	0	245	0	0	1	205
NWC days	27	39	30	-2	47	57	55	-23
Leverage
Current ratio	—	—	0.18	1.37	1.18	4.45	1.58	1.11
Debt to EBITDA	—	—	—	1.74	9.86	1.49	—	3.1
Debt to equity	—	—	0.11	0.12	0.36	0.08	0.42	0.23
Interest coverage	1.9	3.9	-2	9.4	2.1	1.1	-1.2	1.3
Asset turnover	1.43	1.09	0.07	0.7	1.51	2.2	2.8	1.17
Return ratios
Return on assets %	0.8%	0.4%	-3.1%	2.7%	1%	0.3%	-6.6%	0.4%
Return on capital employed %	3.4%	0.7%	-1.1%	7%	4.4%	8.8%	-6%	7.9%
Return on equity %	1%	0.4%	-3.5%	5.3%	1.3%	0.4%	-9.4%	1.3%

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	1	-1	-7	-1	-12	29
	-4	-5	17	-13	11	1	1
	-0	4	-5	15	-16	11	-9
Net cash flow	-0	-0	10	-4	-6	-0	21
Free cash flow	2	1	-2	-7	-1	-14	29
CFO / Operating profit %	—	—	-45.5%	-408.8%	-46.8%	—	957.8%

Inducto Steel Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

8

1

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Inducto Steel Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Quarterly record

Board and management

Not in the F&O segment

Dividends8

Board meetings1

Ratio timeline

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

8

1