Rathi Steel & Power Ltd
Rathi Steel & Power Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
4 of 4 strong
The short version
The company aims to maintain a 20% CAGR growth over the next 2-3 years, using FY25 as the base year. The company targets a 20% CAGR growth over the next 2-3 years, based on FY25 as a base year, focusing on volume ramp-up and capacity utilization improvements.
From Rathi Steel & Power Ltd's Q1 FY27 earnings-call transcript · updated 15 Sept 2026.
Revenue & Sales Performance
- The company aims to maintain a 20% CAGR growth over the next 2-3 years, using FY25 as the base year.
- Rolling mill utilization, currently around 51%-52%, is targeted to exceed 60% during FY27, supporting volume growth.
- Existing capacities have significant headroom; plans are in place to ramp up capacity within the current premises and expand the steel melting shop as needed.
- Growth drivers include scaling integrated operations (stainless steel and TMT), increasing capacity utilization, and optimizing product mix toward higher-margin products.
- Expansion in TMT bar production (which doubled in Q1 FY27) will continue, with integration of TMT 550D operations post-monsoon to further boost volumes.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Rathi Steel & Power Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY27 capex incurred so far: approx. INR 4-5 crores.
- Expected full-year capex (modernization, direct charging, melting operations, other projects): typically INR 10-12 crores.
- FY27 anticipated total capex spend: around INR 15 crores+, mostly funded from internal accruals.
- Additional capex for debottlenecking and modernization apart from regular upgrades.
- Plant is old; ongoing capex focused on upgrading, replacing old equipment to meet industry standards.
- Plans to ramp up capacity utilization from current ~50% to ~60% in FY27.
- Potential future expansion in steel melting shop once current assets are utilized near fully.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Rathi Steel & Power Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company maintains approximately one month of forward order visibility on customer bookings, reflecting a short-term orderbook horizon.
- The order to dispatch cycle is swift, supported by inventory of fast-moving sizes and grades, enabling delivery within 10-12 hours to nearby customers.
- There were no specific figures disclosed on the current total orderbook or pending orders during the call.
- The company is focusing on maintaining steady momentum in sales volumes, especially in TMT bars which more than doubled in Q1 FY27.
- Demand remains strong with ample opportunities in real estate and infrastructure, especially in the NCR region.
2 more points management made on order book & pipeline
Rathi Steel & Power Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹160 Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Rathi Steel's management said in earlier quarters
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Frequently Asked Questions
What were Rathi Steel & Power Ltd Q1 FY27 results?
The company aims to maintain a 20% CAGR growth over the next 2-3 years, using FY25 as the base year. The company targets a 20% CAGR growth over the next 2-3 years, based on FY25 as a base year, focusing on volume ramp-up and capacity utilization improvements.
What is Rathi Steel & Power Ltd share price analysis?
Rathi Steel & Power Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.9 with a market cap of ₹187 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rathi Steel & Power Ltd planning capital expenditure?
FY27 capex incurred so far: approx.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.