Steel Exchange India Ltd
Steel Exchange India Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #58 of 100 in Industrial Products
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The short version
For FY26, Steel Exchange India Limited expects revenues between Rs.1,400 crores to Rs.1,500 crores. Steel Exchange India Limited expects revenue for FY26 between Rs.1,400 crores to Rs.1,500 crores.
From Steel Exchange India Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- For FY26, Steel Exchange India Limited expects revenues between Rs.1,400 crores to Rs.1,500 crores.
- EBITDA is projected between Rs.170 crores to Rs.180 crores for FY26.
- Capacity utilization is expected to improve, especially with the RINL contract starting December 2025, pushing rebar mill utilization to 85%-90%.
- Volumes are anticipated to grow, with a safe bet of around 750,000 metric tons in Q4 FY26.
- The company plans to increase capacity gradually from current levels (SMS at 55%, rebar billet at 43%).
- The expansion potential includes growing the plant to 1.5 million tons with low investment, post becoming debt-free.
2 more points from Steel Exchange India Ltd's call on revenue
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Profitability & Margins
See what Steel Exchange India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is planning an integrated wire complex at Bobbili site, expected around FY27, with an estimated investment of approximately Rs. 100 crores. This will focus on galvanized wires and related products as a downstream activity.
- Future capacity expansion at the existing plant is also planned, with a potential to increase capacity by up to 1 million tons (upgrading from 4.4 million tons to 5.4 million tons) with relatively low investment once the company becomes debt-free.
- SEIL Infra Logistics Ltd, a new wholly-owned subsidiary incorporated in 2025, aims to operationalize logistics and infrastructure capabilities using surplus land assets, expected to generate revenue from Q4 onwards.
2 more points from Steel Exchange India Ltd's call on capex
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Top-ranked in Industrial Products
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 Steel Exchange India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Steel Exchange India Limited has secured a conversion contract from Rashtriya Ispat Nigam Limited (RINL), Vizag Steel, for converting 1.2 lakh tons of billets into rebar per annum.
- This contract is expected to become operational around December 2025.
- The RINL order will enhance the utilization of their rebar mill from current levels (~43%) to more than 85%-90%.
- This additional contract will bring incremental EBITDA of approximately Rs. 27 crores annually.
Steel Exchange India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹287 Cr, net profit ₹12 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Steel Exchange India Ltd's management said in earlier quarters
Others in Industrial Products this season
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- Dhabriya Polywood Ltd (Q1 FY26)
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- Scoda Tubes Ltd (Q1 FY26)
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Steel Exchange India Ltd Q1 FY26 results?
For FY26, Steel Exchange India Limited expects revenues between Rs.1,400 crores to Rs.1,500 crores. Steel Exchange India Limited expects revenue for FY26 between Rs.1,400 crores to Rs.1,500 crores.
What is Steel Exchange India Ltd share price analysis?
Steel Exchange India Ltd currently shows a neutral. The stock trades at a P/E of 43.6 with a market cap of ₹1,386 Cr. Investors should review the full earnings analysis for detailed insights.
Is Steel Exchange India Ltd planning capital expenditure?
The company is planning an integrated wire complex at Bobbili site, expected around FY27, with an estimated investment of approximately Rs.
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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.