---
title: "Rashtriya Ispat Nigam (1274902) Financials & Shareholding"
symbol: "1274902"
company: "Rashtriya Ispat Nigam Ltd"
canonical: "https://tapetide.com/stocks/1274902"
generated_at: "2026-11-05T01:51:09.847Z"
---

# Rashtriya Ispat Nigam (1274902)

Canonical page: https://tapetide.com/stocks/1274902

## Company

- **In the F&O segment:** No

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.94% over past five years.
- Company's cost of borrowing seems high

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 10Y | 7.07% | compounded annual rate, Mar 2015 to Mar 2025 |
| Revenue | 5Y | 2.94% | compounded annual rate, Mar 2020 to Mar 2025 |
| Revenue | 3Y | -13.5% | compounded annual rate, Mar 2022 to Mar 2025 |
| Revenue | 1Y | -20.9% | fiscal year to Mar 2025 vs the year to Mar 2024 |
| Net profit | 10Y | Turned to loss | compounded annual rate, Mar 2015 to Mar 2025: ₹40.00 Cr to -₹1,433 Cr. A profit at the start and a loss at the end. |
| Net profit | 5Y | Loss narrowed | compounded annual rate, Mar 2020 to Mar 2025: -₹4,021 Cr to -₹1,433 Cr. A loss at the start, and a smaller one or none at the end. |
| Net profit | 3Y | Turned to loss | compounded annual rate, Mar 2022 to Mar 2025: ₹901 Cr to -₹1,433 Cr. A profit at the start and a loss at the end. |
| Net profit | 1Y | Loss narrowed | fiscal year to Mar 2025 vs the year to Mar 2024: -₹4,851 Cr to -₹1,433 Cr. A loss at the start, and a smaller one or none at the end. |
| Operating cash flow | 10Y | — | compounded annual rate, Mar 2015 to Mar 2025. The statements do not go back far enough for this window. |
| Operating cash flow | 5Y | 56.77% | compounded annual rate, Mar 2020 to Mar 2025 |
| Operating cash flow | 3Y | -30.86% | compounded annual rate, Mar 2022 to Mar 2025 |
| Operating cash flow | 1Y | -29.47% | fiscal year to Mar 2025 vs the year to Mar 2024 |
| Operating margin | 10Y | -14.99 pp | compounded annual rate, Mar 2015 to Mar 2025 |
| Operating margin | 5Y | +1.08 pp | compounded annual rate, Mar 2020 to Mar 2025 |
| Operating margin | 3Y | -21.31 pp | compounded annual rate, Mar 2022 to Mar 2025 |
| Operating margin | 1Y | -1.35 pp | fiscal year to Mar 2025 vs the year to Mar 2024 |

Trailing twelve months: No quarterly results are reported.

## Financial Statements

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 9,322 | 9,123 | 20,569 | 15,966 | 18,154 | 28,508 | 22,912 | 23,328 | 18,452 |
| Expenses | 8,854 | 10,235 | 19,778 | 17,730 | 16,932 | 25,274 | 23,513 | 25,338 | 20,291 |
| Operating Profit | 468 | -1,112 | 791 | -1,764 | 1,222 | 3,233 | -601 | -2,010 | -1,839 |
| OPM % | 5% | -12% | 3.8% | -11% | 7% | 11% | -2.6% | -9% | -10% |
| Other Income | 338 | 350 | 573 | 65 | 474 | 510 | 296 | 282 | 120 |
| Interest | 437 | 679 | 1,292 | 1,532 | 1,579 | 1,586 | 1,756 | 2,201 | 2,197 |
| Depreciation | 280 | 373 | 1,073 | 1,112 | 1,196 | 1,220 | 1,195 | 1,299 | 1,166 |
| Profit before tax | 89 | -1,813 | -1,002 | -4,342 | -1,080 | 937 | -3,257 | -5,228 | -5,082 |
| Tax % | 55% | -5% | -59% | -8% | -24% | 3% | -12% | -7% | -72% |
| Net Profit | 40 | -1,724 | -412 | -4,021 | -780 | 901 | -2,900 | -4,851 | -1,433 |
| EPS in Rs | 0.09 | -3.52 | -0.11 | -8.09 | -1.55 | 1.84 | -5.93 | -9.93 | -2.88 |
| Dividend Payout % | 60% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 4,890 | 4,890 | 4,890 | 4,890 | 4,890 | 4,890 | 4,890 | 4,890 | 5,390 |
| Reserves | 6,380 | 5,111 | 2,429 | -1,618 | -2,457 | -1,725 | -4,469 | -9,388 | -4,199 |
| Borrowings | 7,811 | 10,391 | 19,715 | 22,051 | 21,401 | 17,485 | 20,598 | 18,616 | 11,672 |
| Other Liabilities | 9,541 | 6,390 | 8,816 | 9,899 | 9,203 | 12,985 | 13,022 | 16,367 | 21,192 |
| Total Liabilities | 28,622 | 26,782 | 35,850 | 35,222 | 33,037 | 33,634 | 34,040 | 30,485 | 34,055 |
| Fixed Assets | 5,577 | 12,168 | 19,196 | 20,151 | 20,709 | 20,232 | 18,675 | 17,624 | 16,943 |
| CWIP | 11,503 | 6,993 | 3,854 | 3,739 | 2,705 | 2,682 | 2,980 | 1,219 | 1,057 |
| Investments | 119 | 501 | 565 | 1 | 2 | 2 | 662 | 671 | 693 |
| Other Assets | 11,423 | 7,120 | 12,235 | 11,331 | 9,621 | 10,718 | 11,724 | 10,971 | 15,362 |
| Total Assets | 28,622 | 26,782 | 35,850 | 35,222 | 33,037 | 33,634 | 34,040 | 30,485 | 34,055 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | — | — | — | 226 | 3,090 | 6,475 | -750 | 3,034 | 2,140 |
| Cash from Investing Activity | — | — | — | -982 | -508 | -766 | -517 | 1,301 | -235 |
| Cash from Financing Activity | — | — | — | 655 | -2,541 | -5,721 | 1,227 | -4,316 | -1,865 |
| Net Cash Flow | — | — | — | -101 | 40 | -11 | -40 | 18 | 40 |
| Free Cash Flow | — | — | — | -938 | 2,526 | 5,739 | -1,314 | 4,282 | 2,101 |
| CFO/OP | — | — | — | -15 | 254 | 200 | 121 | -151 | -115 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 41 | 39 | 20 | 14 | 18 | 12 | 12 | 4 | 5 |
| Inventory Days | 441 | 264 | 215 | 237 | 167 | 123 | 155 | 108 | 152 |
| Days Payable | 52 | 52 | 74 | 117 | 73 | 104 | 115 | 133 | 234 |
| Cash Conversion Cycle | 430 | 251 | 161 | 133 | 112 | 31 | 53 | -21 | -77 |
| Working Capital Days | 73 | 46 | 46 | -256 | -235 | -153 | -225 | -294 | -315 |
| ROCE % | — | -6% | — | -10% | 1% | 10% | -8% | -18% | -20% |

## Documents

### Credit ratings

| Date | Document |
| --- | --- |
| 18 Dec 2025 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=139711) |
| 3 Oct 2025 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202510141024_Rashtriya_Ispat_Nigam_Limited.pdf) |
| 24 Apr 2025 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=134687) |
| 8 Jul 2024 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/70756) |
| 5 Jul 2024 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202407140741_Rashtriya_Ispat_Nigam_Limited.pdf) |
| 21 May 2024 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202405130530_Rashtriya_Ispat_Nigam_Limited.pdf) |

## Company Information

- **Face Value:** ₹1,000

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:21 IST.