Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,952 | 3,528 | 3,689 | 2,923 | 2,726 | 4,637 | 5,568 | 5,175 | 4,890 | 4,890 | |
| COGS | 1,375 | 1,831 | 2,018 | 1,614 | 1,865 | 2,897 | 3,922 | 3,350 | 3,052 | 3,149 |
| Gross profit | 1,578 | 1,697 | 1,671 | 1,309 | 861 | 1,740 | 1,645 | 1,825 | 1,838 | 1,741 |
| 1,219 | 1,485 | 1,524 | 1,234 | 1,363 | 1,488 | 1,829 | 1,533 | 1,553 | 1,570 | |
| 359 | 212 | 148 | 75 | -502 | 252 | -184 | 292 | 284 | 171 | |
| OPM % | 12.2% | 6% | 4% | 2.6% | -18.4% | 5.4% | -3.3% | 5.6% | 5.8% | 3.5% |
| Depreciation | 77 | 158 | 58 | 75 | 69 | 45 | 52 | 50 | 51 | 62 |
| Interest | 291 | 473 | 327 | 364 | 332 | 161 | 177 | 131 | 130 | 150 |
| 23 | 45 | 60 | 68 | 748 | 116 | 585 | 16 | 14 | 554 | |
| Profit before tax | 2 | 920 | -158 | -296 | -155 | 162 | 172 | 127 | 118 | 512 |
| Tax | — | 99 | -43 | -57 | 49 | -15 | 0 | 24 | 42 | -92 |
| Tax % | — | 10.8% | -27% | -19.1% | 31.7% | -9.5% | 0.3% | 19% | 35.9% | -18% |
| -8 | 821 | -115 | -240 | -204 | 177 | 172 | 103 | 76 | 604 | |
| PAT margin % | -0.3% | 23.3% | -3.1% | -8.2% | -7.5% | 3.8% | 3.1% | 2% | 1.6% | 12.4% |
| EPS (₹) | — | — | — | -17 | -14.4 | 12.6 | 11.9 | 7.1 | 5.2 | 41.8 |
| EPS adjusted (₹) | — | — | — | -17 | -14.4 | 12.3 | 11.9 | 7.1 | 5.3 | 41.8 |
| — | — | — | — | — | 12% | 16.8% | 28.1% | 38.2% | 7.2% | |
| Annual report | Annual report for Mar 2016 | 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 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 141 | 141 | 145 | 145 | 145 | 145 | 144 |
| Reserves | 529 | 321 | 522 | 709 | 777 | 805 | 1,378 |
| 2,679 | 2,076 | 2,036 | 1,505 | 1,489 | 1,559 | 1,697 | |
| 1,110 | 699 | 822 | 819 | 636 | 1,033 | 858 | |
| Total equity & liabilities | 4,460 | 3,237 | 3,524 | 3,178 | 3,046 | 3,542 | 4,077 |
| 467 | 447 | 484 | 488 | 482 | 537 | 628 | |
| CWIP | 24 | 26 | 32 | 30 | 34 | 140 | 93 |
| Investments | 1,214 | 528 | 128 | 159 | 10 | 29 | 40 |
| 2,755 | 2,236 | 2,880 | 2,501 | 2,520 | 2,836 | 3,316 | |
| Total assets | 4,460 | 3,237 | 3,524 | 3,178 | 3,046 | 3,542 | 4,077 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Specialty Steel | 4,743.3 | 675.39 | 2,907.91 | 679.42 | 2,228.49 | 30.31 |
| Industrial Machinery & Engineering Contracts | 156.87 | -10.36 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 117 | 155 | 894 | -56 | 150 | -319 | -92 | 106 | 10 | 180 | -441 | |
| -31 | -28 | 88 | 7 | 12 | 1,345 | 300 | 619 | 99 | -124 | 472 | |
| -101 | -125 | -987 | 40 | -159 | -1,000 | -196 | -728 | -152 | -86 | -37 | |
| Net cash flow | -15 | 2 | -5 | -9 | 2 | 26 | 12 | -3 | -43 | -29 | -6 |
| Free cash flow | 155 | 185 | 847 | -67 | 127 | -325 | -323 | 45 | -38 | 54 | -549 |
| CFO / Operating profit % | 32.6% | — | 422% | -37.8% | 120.1% | — | -36.2% | — | 3.5% | 63.4% | -257.8% |
| 465.3 |
| 55.97 |
| 409.33 |
| -2.53 |
₹ crore by fiscal year