Rathi Steel & Power Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 7 Aug 2026 | Industrial Products | Market Cap: ₹228 Cr
Rathi Steel & Power Ltd expects to double its turnover in the next five years. Rathi Steel expects to double its turnover over the next five years.
From Rathi Steel & Power Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹25.9
Market Cap
₹228 Cr
P/E Ratio
17.8
How does Rathi Steel & Power Ltd rank in Industrial Products?
Compare Rathi Steel & Power Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Rathi Steel & Power Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹160 Cr, net profit ₹2 Cr.
Full financials →📊 Revenue & Sales Performance
📈 Profitability & Margins
- →Rathi Steel expects to double its turnover over the next five years.
- →The company targets a CAGR revenue growth of 20% annually.
- →With improved capacity utilization (aiming for 75% to 80%), EBITDA margins are expected to expand significantly due to operating leverage and cost efficiencies.
- →PAT rose by 262% in Q3 FY26, reflecting strong earnings growth momentum.
- →Sustainable margin improvement anticipated with higher utilization and better product mix, especially with stainless steel products.
- →Management aims to reduce cost of debt further, improving profitability.
- →Green steel initiatives and technology upgrades are expected to support long-term margin and profit growth.
- →The company is focused on consolidating current assets before inorganic growth, indicating cautious but steady growth outlook.
🏗️ Capital Expenditure Plans
- →Completion of capex plan for direct charging of hot billets for the TMT mill expected by Q4 FY26 or early next quarter, improving capacity utilization from 60-65% to 80-85%.
- →Plans to install a rooftop solar power plant to increase use of renewable energy, currently under consultant review.
- →Synchronization with another rolling mill to the SMS and conveyor belt to enhance green steel certification prospects.
- →Exploring inorganic growth through acquisitions that align with existing products and plant capacity.
- →Continuous efforts to upgrade plant technology for producing green steel like 550D and stainless-steel rebars.
- →Emphasis on operational consolidation and maximizing existing capacity before moving further downstream or entering new product segments.
💰 Fundraising & Capital Structure
- →The company is actively working to reduce the cost of debt by approaching new lenders for loans at lower interest rates.
- →There is an indication of ongoing efforts to manage and possibly increase working capital borrowing in line with volume growth.
- →Rajesh Jain mentioned that as volume increases, higher working capital will be needed, implying potential for additional short-term debt.
- →There was no explicit mention of any planned new equity fundraising.
- →The company is also exploring inorganic growth via acquisitions aligned with existing product lines, which might involve fundraising, but no definitive plans have been disclosed yet.
- →Overall, the focus is on optimizing debt costs and possibly increasing working capital limits rather than raising new equity at this time.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Rathi Steel & Power Ltd Q3 FY26 results?
Rathi Steel & Power Ltd expects to double its turnover in the next five years. Rathi Steel expects to double its turnover over the next five years.
What is Rathi Steel & Power Ltd share price analysis?
Rathi Steel & Power Ltd currently shows a neutral. The stock trades at a P/E of 17.8 with a market cap of ₹228 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rathi Steel & Power Ltd planning capital expenditure?
Completion of capex plan for direct charging of hot billets for the TMT mill expected by Q4 FY26 or early next quarter, improving capacity utilization from 60-65% to 80-85%.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.