Rathi Steel & Power
Industrial Products
504903 BSE
₹17.63
Close ·
- P/E
- 10.56
Close 4 Nov 2026 ₹17.63 −10.24 −36.7% 1Y
Start ₹27.87
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 11.00%
- Debt to Equity
- 0.38
- EPS (TTM)
- ₹1.67
- Book Value
- ₹16.11
- Market Cap
- —
- P/E (TTM)
- 10.56
- P/B
- 1.09
- ROE
- 9.56%
- Dividend Yield
- 0.00%
- EBITDA
- ₹28.90 Cr
- 52W High
- ₹28.97
- 52W Low
- ₹13.50
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
49 Average
Data confidence 95/100
Category scores
- Quality
- 36
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 55
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 90
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 26
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 29
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Stock is trading at 1.11 times its book value
- Company is expected to give good quarter
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.9% over past five years.
- Tax rate seems low
- Company has a low return on equity of 9.16% over last 3 years.
- Promoter holding has decreased over last 3 years: -10.2%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 5 | 2 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Strong Bearish
Bearish
12
Neutral
5
Bullish
2
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 29.17
- Bullish
- MACD (12,26,9)
- −0.86
- Bearish
- SMA (50)
- 21.03
- Bearish
- SMA (200)
- 21.35
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +1.83% |
|---|---|
| 5Y | +10.89% |
| 3Y | −0.51% |
| 1Y | +42.06% |
| TTM | +42.10% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | −41.52% |
| 3Y | −46.94% |
| 1Y | −7.14% |
| TTM | +9.95% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow narrowed by ₹10 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +12.29 pp |
|---|---|
| 5Y | +0.87 pp |
| 3Y | −0.49 pp |
| 1Y | −0.65 pp |
| TTM | −0.22 pp |
Revenue by year
| Mar 2017 | ₹382 Cr |
|---|---|
| Mar 2018 | ₹350 Cr |
| Mar 2019 | ₹350 Cr |
| Mar 2020 | ₹38.00 Cr |
| Mar 2021 | ₹427 Cr |
| Mar 2022 | ₹543 Cr |
| Mar 2023 | ₹727 Cr |
| Mar 2024 | ₹493 Cr |
| Mar 2025 | ₹504 Cr |
| Mar 2026 | ₹716 Cr |
Net profit by year
| Mar 2017 | −₹63.00 Cr |
|---|---|
| Mar 2018 | −₹118 Cr |
| Mar 2019 | −₹83.00 Cr |
| Mar 2020 | −₹26.00 Cr |
| Mar 2021 | ₹190 Cr |
| Mar 2022 | −₹36.00 Cr |
| Mar 2023 | ₹87.00 Cr |
| Mar 2024 | ₹24.00 Cr |
| Mar 2025 | ₹14.00 Cr |
| Mar 2026 | ₹13.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 147 | 127 | 101 | 118 | 128 | 121 | 104 | 150 | 155 | 156 | 160 | 244 | 193 |
| Expenses | 141 | 121 | 95.13 | 114 | 122 | 116 | 101 | 142 | 149 | 150 | 154 | 235 | 186 |
| Operating Profit | 5.14 | 5.61 | 6.09 | 3.96 | 5.97 | 5.14 | 3.02 | 7.9 | 6.12 | 6.23 | 6.34 | 9.77 | 7.52 |
| OPM % | 3.51% | 4.43% | 6.02% | 3.35% | 4.67% | 4.23% | 2.89% | 5.28% | 3.94% | 3.99% | 3.96% | 4% | 3.89% |
| Other Income | 2.39 | 0.84 | 0.06 | 20 | 0.09 | 5.13 | 1.62 | 0.16 | 0.11 | 0.14 | 0.07 | 0.12 | 0.26 |
| Interest | 3.6 | 3.46 | 3.2 | 1.48 | 1.08 | 1 | 1.71 | 1.72 | 1.75 | 2.12 | 1.88 | 1.67 | 2.09 |
| Depreciation | 2.14 | 2.16 | 2.17 | 2.28 | 2.3 | 2.33 | 2.4 | 2.54 | 2.59 | 2.62 | 2.62 | 0.77 | 2.21 |
| PBT | 1.79 | 0.83 | 0.78 | 20.2 | 2.68 | 6.94 | 0.53 | 3.8 | 1.89 | 1.63 | 1.91 | 7.45 | 3.48 |
| Tax % | 0% | 0% | 0% | 0.35% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 1.79 | 0.82 | 0.79 | 20.13 | 2.69 | 6.94 | 0.53 | 3.8 | 1.89 | 1.63 | 1.91 | 7.45 | 3.48 |
| EPS (₹) | 0.57 | 0.26 | 0.25 | 2.37 | 0.32 | 0.82 | 0.06 | 0.44 | 0.22 | 0.19 | 0.22 | 0.86 | 0.4 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 669 | 597 | 382 | 350 | 350 | 38 | 427 | 543 | 727 | 493 | 504 | 716 | 754 |
| Expenses | 665 | 648 | 409 | 360 | 399 | 115 | 414 | 515 | 695 | 472 | 481 | 688 | 724 |
| Operating Profit | 4 | −50 | −27 | −10 | −48 | −77 | 13 | 28 | 32 | 21 | 23 | 28 | 30 |
| OPM % | 0.6% | −8% | −7% | −3% | −14% | −206% | 3.1% | 5% | 4.4% | 4.3% | 4.6% | 4% | 4% |
| Other Income | −4 | 1 | 4 | −73 | −27 | 62 | 201 | −38 | 76 | 23 | 6 | 0 | 1 |
| Interest | 50 | 18 | 17 | 14 | 0 | 2 | 7 | 13 | 12 | 12 | 6 | 7 | 8 |
| Depreciation | 32 | 24 | 23 | 19 | 8 | 8 | 16 | 13 | 8 | 9 | 10 | 9 | 8 |
| PBT | −82 | −91 | −63 | −116 | −83 | −26 | 190 | −36 | 87 | 24 | 14 | 13 | 14 |
| Tax % | 0% | 0% | 0% | 2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | −82 | −91 | −63 | −118 | −83 | −26 | 190 | −36 | 87 | 24 | 14 | 13 | 14 |
| EPS (₹) | −26.32 | −29.09 | −20.22 | −37.75 | −26.61 | −8.19 | 60.73 | −11.66 | 27.86 | 2.77 | 1.62 | 1.49 | 1.67 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 85 | 86 | 86 |
| Reserves | −89 | −180 | −243 | −362 | −445 | −471 | −220 | −256 | −100 | 28 | 42 | 55 |
| Borrowings | 593 | 659 | 672 | 687 | 687 | 687 | 436 | 324 | 122 | 10 | 47 | 54 |
| Other Liabilities | 89 | 48 | 74 | 69 | 77 | 95 | 96 | 98 | 152 | 96 | 91 | 133 |
| Total Liabilities | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 265 | 327 |
| Fixed Assets | 290 | 270 | 250 | 232 | 227 | 222 | 208 | 67 | 66 | 70 | 83 | 98 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 334 | 287 | 283 | 193 | 123 | 121 | 135 | 129 | 139 | 149 | 176 | 223 |
| Total Assets | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 265 | 327 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −18 | 0 | 5 | 0 | 0 | 3 | 196 | −12 | 105 | 24 | −11 | −1 |
| Investing | 5 | 0 | −3 | 0 | 0 | −2 | 1 | 128 | −6 | −10 | −27 | −22 |
| Financing | 15 | 0 | −2 | 0 | 0 | 0 | −198 | −118 | −100 | −9 | 32 | 24 |
| Net Cash Flow | 2 | 0 | 0 | 0 | 0 | 1 | 0 | −1 | 0 | 5 | −5 | 1 |
| Free Cash Flow | −14 | 0 | 2 | 0 | 0 | 0 | 193 | −19 | 98 | 11 | −40 | −24 |
| CFO/EBITDA | −433 | 0 | −18 | 0 | 0 | −4 | 1,488 | −42 | 333 | 114 | −48 | −5 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 64 | 100 | 33 | 17 | 121 | 16 | 5 | 4 | 12 | 18 | 29 |
| Inventory Days | 54 | 55 | 86 | 16 | 15 | 45 | 11 | 20 | 22 | 29 | 48 | 36 |
| Days Payable | 27 | 3 | 18 | 32 | 32 | 192 | 30 | 29 | 36 | 62 | 80 | 58 |
| Cash Conversion Cycle | 105 | 116 | 168 | 17 | 0 | −26 | −3 | −4 | −10 | −22 | −13 | 6 |
| Working Capital Days | 4 | −6 | −36 | −194 | −217 | −2,214 | −102 | −70 | −38 | −20 | −18 | 2 |
| ROCE % | −5% | −14% | −10% | −5% | −12% | −9% | 3% | 10% | 32% | 17% | 10% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Rathi Steel & Power insights
63 extracted metrics across FY10–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Concall · Jun 2026PPT
- Q4 FY26 concall · Jun 2026PPT
- Q4 FY26 concall · Jun 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT
- 4 Sep 2015
- General announcements 13 Oct 2026
- General announcements 10 Oct 2026
- General announcements 8 Oct 2026
- General announcements 7 Oct 2026
Frequently Asked Questions about Rathi Steel & Power
What does Rathi Steel & Power Ltd do?
Incorporated in 1971, Rathi Steel And Power Ltd is in the business of Steel and Steel related products
Where is Rathi Steel & Power Ltd (RATHIST) listed?
Rathi Steel & Power Ltd trades under code 504903 on the BSE.
Which sector does Rathi Steel & Power Ltd belong to?
Rathi Steel & Power Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Rathi Steel & Power Ltd?
Rathi Steel & Power Ltd trades at a PE ratio of 10.56 as of 4 Nov 2026, on earnings per share of ₹1.67, against a book value of ₹16.11 per share.
What is the 52-week high and low of Rathi Steel & Power Ltd?
Over the last 52 weeks Rathi Steel & Power Ltd has traded between ₹13.5 and ₹28.97 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Rathi Steel & Power Ltd?
Rathi Steel & Power Ltd reported a return on equity of 9.56%. Its debt-to-equity ratio is 0.38.
Company Information
Incorporated in 1971, Rathi Steel And Power Ltd is in the business of Steel and Steel related products
Website rathisteelandpower.com
Face Value ₹10
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